Here is the chart of yesterday :
Here is the current chart :
The trading of the Bitcoin is really different than some months ago. We are now starting a new trading canal between these 2 lines, the support lines in red and the resistance line in blue. These kind of consolidating phases are more and more usual on the crypto market and we just have some break out sometimes, UP or DOWN.
It is now much more difficult to determine a trend on the cryptos. The only positive point that I can see in these moves is that it could mean that we are approaching the end of the down trend period as we have more and more difficulties to continue to drop and that we need each time a Break Out and we don't have anymore continuous drop, day after day. Courage !
I wish you massive profits,
Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.