BTC long term on LOG chart

16 Mei 2019BTC long-term logarithmic chart shows that recent moves are not something new and they happened in the past. There was similar movement back in 2015 and also in 2017. There is a lot of FOMO on the market right now and you don’t want to buy on overbought levels. Wait for confirmation and observe the candles on shorter time frames. BTC is above long-term trend trendline which gives confidence for next moves. $8000 mark in strong resistance and we could see push lower from here. Stay tuned.