BTCUSD - Patiently HODLing for spring

10 Mar 2018

The 4H log-scale chart shows that in April the heavy resistance that has been weighing on the market since December will be meeting up with support that’s been in place since this time last year. This is an opportunity for bitcoin to finally break out of this downward resistance and move on to new heights. Before this happens, however, I predict that, at some point in the next couple of days or weeks, we will see the price move lower, possibly as low as $7,000 USD, followed by price movements within the symmetrical triangle that appears to be forming. This could lead to a potential breakout by mid April.

This is not financial advice, I am not a financial advisor, and I encourage you to learn as much as you can, and look at each new piece of information from as many angles as possible. This is a mass movement in its infancy. Buckle-up. Keep on keepin on.