This is what will happen next to BTC imo .
1. If we break the downtrendline and close above likely above $10.5k we will see a runup to $12k-$14k levels and have a correction down to downtrend line and wick down probably to $9k-$8k.
Difference of now and last 2015 was it easily breach the downtrend line.
right now it's having a hard time, and work to do it. Well, Let's see what will happen in the next few days/weeks.
2. If we can't break $10.5k anytime soon, this would likely be a distribution that would lead to slow bleed and dump to $6k levels til' end of Q3.
THE REAL RUN-UP would be Q4 . :)
Happy Trading !
1. If we break the downtrendline and close above likely above $10.5k we will see a runup to $12k-$14k levels and have a correction down to downtrend line and wick down probably to $9k-$8k.
Difference of now and last 2015 was it easily breach the downtrend line.
right now it's having a hard time, and work to do it. Well, Let's see what will happen in the next few days/weeks.
2. If we can't break $10.5k anytime soon, this would likely be a distribution that would lead to slow bleed and dump to $6k levels til' end of Q3.
THE REAL RUN-UP would be Q4 . :)
Happy Trading !