Bull vs BEAR
We have been in a bear market all of 2018, and the last month has been nothing but boring seeing that Bitcoin has had little price action. Bitcoin has unfortunately been trading sideways within the descending triangle. However these up coming weeks will determine whether we will be bullish or bearish in the long term.
If we close above the descending triangle we are likely to push up to our Bull target. This will be a great start to a trend reversal as we test our previous supports and hopefully get our first higher low of the year
If the price gets rejected at the top of the triangle we will be going down to test the accumulation zone once again. This poses a risk for Bitcoin to drop even lower.
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If we close above the descending triangle we are likely to push up to our Bull target. This will be a great start to a trend reversal as we test our previous supports and hopefully get our first higher low of the year
If the price gets rejected at the top of the triangle we will be going down to test the accumulation zone once again. This poses a risk for Bitcoin to drop even lower.
PS. Please leave a LIKE and FOLLOW for more!
Penafian
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