BTC Next Leg Up

Dec 23, 2017

Still some uncertainty in the market.
I believe we are on the next leg up to new ATH.



"Lines or nothing at all" - Monsieur Gato

Dec 23, 2017

Note

Apologies, as one of my resistance lines were not locked in.
Red arrow shows where that double red line should actually be.

Dec 27, 2017

Trade active

W's= Win
Crossed over the moving average.
Let's wait and see it can stay above this next resistance level.

Dec 28, 2017

Trade active

BTC formed a double bottom, but failed to break through resistance falling again to support lines.
We can take this as two ways.

Positive - Formed a triple bottom now, which could lead to a reversal from the bear trend.

Negative - Looks like Head & Shoulders pattern has formed, seemingly siding with the more bearish future tendencies.