incurio
@t_incurio
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incurio
Post 100k offered temporary and limited upside (108k) near term as TREND B5provided strong resistance to be followed by a strong decline in price.Respect the trend.TREND A6 suggests the bottom of the current price range to be around 95k.TREND A6 has proven to provide strong support as holiday season is upon us.Can we be heading into another Christmas rally? Seems so.To all a happy holiday and a Merry Christmas. Enjoy the gift.
incurio
This monthly chart suggests a pull back to within the Bollinger bands as momentum stalls at Fib levels 0.886 notorious for strong resistance and reversals. I expect support around 50 - 53k as fib levels 0.702 should be sufficient to guide us forward towards the halving.X-Trend Weekly chart represents weekly trend resistance levels. Resistance currently offered by trend line B4 which tends to validate the monthly chart and this thesis.As always nothing is certain. There always remains the possibility that we may just tread water.Forget it! There's no stopping this Bitcoin Beast.I can live with that. lolWhat do you know? ...and we're back. The B4 trend line resistance was stronger than the momentum of the past week.
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