BREAKOUT AREA analysis on current BTCUSD downside - IS THIS THE TURNING POINT?

in #bitcoin • 6 years ago (edited)

Screen Shot 2018-09-25 at 9.54.38.png

We are getting closer to the crossing of many important longer term trends. Note how 6'000 level seems to join the crossing of the longer term bottom up trend & longer term down trend.

For the currently dominant downtrend to be over following needs to happen: The price needs to close somewhere above the downtrend line + simultaneously at least above 6750 or preferably above 7400 levels.

The long term bottom trend should be kept as well for us to be able to count on the technically long term growth potential of the BTCUSD.

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The information provided by mikak65 is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.
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#btc #trend #analysis
6 years ago in #bitcoin by
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