Hi,
My very first TA, voluntarily simple. I'm not a big fan of TA but I wanted to give a try, so be gentle with a newcomer in TA.
Basically, I consider it is possible for BTC to continue up once at $370 - with probably some overcorrection going first, so that a buy at $360 could make it.
TA. I'd appreciate you tell me why you think it is plausible or what is lacking in it, for education.
Thanks.
http://i.imgur.com/Un6kt3M.pngHi!
Not sure you should do TA on a retrace. What does it mean: where does it give resistance, what trend does it uncover?
Also, I don't see the support in the bottom line. You could try drawing one from that 316 bottom, consider your starting point as a failed downward breakout, and keep the second support in your line. But I think it's weak support, with no volume behind the bottoms.
Have fun!:)
