Bold = Key res/sup, triangle = predictor of breakout
- Green trend line shows high possibility of uptrend at the breakout point.
- Assuming bitcoin stays around the 56-59k range, expect 20-30% increase? Increase, to downtrend to new support.
- Assuming bitcoin goes above 60k, expect an increase to 0.52 and a battle for uptrend. I'd say a reasonable support after this is around the 0.47 area.
- Green trend line shows high possibility of uptrend at the breakout point.
- Assuming bitcoin stays around the 56-59k range, expect 20-30% increase? Increase, to downtrend to new support.
- Assuming bitcoin goes above 60k, expect an increase to 0.52 and a battle for uptrend. I'd say a reasonable support after this is around the 0.47 area.
Komen:
There was an unfortunate dip that occurred, however, disregarding that dip, and adjusting the chart appropriately, you'll find that I was spot on :)