BTC nearly nailed the crossing that I called earlier here - smack dab in the middle of the crossing between the January bear market down trend (red descending), the current short-term support trend line (green ascending) and the mid-term support trend line from mid-September onward (yellow ascending) that it previously crashed through. Definitely seems to have reversed from the lower mid-term support trend line produced by mid-July 2017.
Given the downward pressure around the 11k level, and the seemingly excessive market manipulation, I would place my bets that it follows the mid-term trend line (yellow) with great variation. Alts seem to be losing value against BTC, which IMO is bolstering the coin against some of the bears, as people move back in to ride the wave.
What do you think?
Given the downward pressure around the 11k level, and the seemingly excessive market manipulation, I would place my bets that it follows the mid-term trend line (yellow) with great variation. Alts seem to be losing value against BTC, which IMO is bolstering the coin against some of the bears, as people move back in to ride the wave.
What do you think?