Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Wekkel (1)
Update from this post :
As expected, we came back in the initial value based uptrend. Given the small breakthrough there was yesterday, I adjusted the value based uptrend.
Nothing new under the sun, still bullish, slowly goind to the next resistance. We will stand in this trend, as the trend become more and more precise, unless some major bad news.
The volume is still pretty standard-low since 08/02, so the trend is still pretty vulnerable.
I'll hodl for now, more profit may be taken later (unless you want to trade on the swings, which I'm terrible at).
So far so good, nothing really unexpected. We definitely broke the last resistance.
The good news is the trend seems to get stronger and stronger. In fact, there is, as shown on the figure, the beginning of a volume spike. This straighten the uptrend and will help the price to rise again if it bounces off the next resistance. That makes the "worst" short term future scenario bullish. The best case scenario is btc price stagnating a few days in the next resistance, enough to gain momentum and break it.
Profits are in the buying side, of maybe a bit of selling if you expect some bouncy swings.
As expected, we came back in the initial value based uptrend. Given the small breakthrough there was yesterday, I adjusted the value based uptrend.
Nothing new under the sun, still bullish, slowly goind to the next resistance. We will stand in this trend, as the trend become more and more precise, unless some major bad news.
The volume is still pretty standard-low since 08/02, so the trend is still pretty vulnerable.
I'll hodl for now, more profit may be taken later (unless you want to trade on the swings, which I'm terrible at).
So far so good, nothing really unexpected. We definitely broke the last resistance.
The good news is the trend seems to get stronger and stronger. In fact, there is, as shown on the figure, the beginning of a volume spike. This straighten the uptrend and will help the price to rise again if it bounces off the next resistance. That makes the "worst" short term future scenario bullish. The best case scenario is btc price stagnating a few days in the next resistance, enough to gain momentum and break it.
Profits are in the buying side, of maybe a bit of selling if you expect some bouncy swings.