Volume is coming up and BTC has broke both the inside bar pattern and symmetrical triangle.
So far resistance at 10000 is holding.
Next levels of support/potential lows are at 8300 and 7500--sounds low but both levels would be consistent with rate of decline BTC has been experiencing lately.
We are also at a critical point in a bump and run pattern (below)...another leg down would put us in the run phase.
So far resistance at 10000 is holding.
Next levels of support/potential lows are at 8300 and 7500--sounds low but both levels would be consistent with rate of decline BTC has been experiencing lately.
We are also at a critical point in a bump and run pattern (below)...another leg down would put us in the run phase.
Kommentera:
bump n run
Kommentera:
^i meant support @ 10000, it is not yet resistance
