Soon to break 1 year resistance (or support)
Next weeks will be interesting.
We are approaching :
- the log trendline, resistance from ATH (red). (Check what happened last time we crossed it in my linked chart)
- 2 supports : first one being the 1year support (orange), second one an all-time support (green)
In the mean time we are hovering @383, the 23.6 fibonacci level (both recent and also 1-year retracement).
Lately, after the (possible) bottom @275 we do see new higher highs and higher lows.
Also speaking of fundamentals 2014 is a great year for bitcoin (considering VCs, merchants adoption, number of transactions...)
I expect a breakout from upside in the beginning of 2015, but being patient is a valuable asset :)
PS : I would encourage you to zoom-out the chart so you get the big picture and how I drew main trendlines.
We are approaching :
- the log trendline, resistance from ATH (red). (Check what happened last time we crossed it in my linked chart)
- 2 supports : first one being the 1year support (orange), second one an all-time support (green)
In the mean time we are hovering @383, the 23.6 fibonacci level (both recent and also 1-year retracement).
Lately, after the (possible) bottom @275 we do see new higher highs and higher lows.
Also speaking of fundamentals 2014 is a great year for bitcoin (considering VCs, merchants adoption, number of transactions...)
I expect a breakout from upside in the beginning of 2015, but being patient is a valuable asset :)
PS : I would encourage you to zoom-out the chart so you get the big picture and how I drew main trendlines.
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.