rbrtwrrn

A simple BTCUSD Analysis: Squeeze the Chart and Stop the FUD

BITSTAMP:BTCUSD   Bitcoin / Dolar
I'm looking along a longer timeframe for BTCUSD             .
By tracing the resistance channels and noting when those channels break, it becomes clear to me that we will need to retest the resistance as support prior to resuming our bull trend along a new and more aggressive channel.
No deep analysis, no wild FUD or calling of a double top to end the bull run, just a quick resistance becomes support analysis that reinforces that we are in a healthy cycle for BTC             .

Let me know if you see something different on this long time frame.
Let's be honest, the correction was due ;)
+2 Balas
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