If BTC can break the white dot trendline we could reach +8K if the trendline holds we go to re-test 7K area (red dot line). Notes: Weak volume to consider this an impulse wave up, but could gain steam if we break the trendline. For the next 24-48 hours just monitoring
Hi, not sure I understand how your white dotted line would be the most valid line if you look at number of confirmations? how did you arrive at this line? I would draw it as below.
caimano
⋅
@pragmaticbestfit, as you can see my line is quite right, so far it keeps the right direction supporting the price action
pragmaticbestfit
⋅
@caimano, yeah looks like it. What lead you to draw the line this way?
caimano
⋅
@investa inspired by your work. A very simple idea in consideration of the timeframe (1-2 days).....Thoughts?