Hey TV,
BTC on the daily (log) chart. BTC isn't out of the woods yet. BTC took a step in the right direction today, however looking at the log chart we haven't broken the downward trendline.
Short term fib - retraced to 41'055 (.236). I expect a short consolidation pullback to 39'500 (fib 0.318).
If BTC can cross and hold 42'500, then I'll feel comfortable saying BTC has broken the downtrend.
Like/Comment.
M
BTC on the daily (log) chart. BTC isn't out of the woods yet. BTC took a step in the right direction today, however looking at the log chart we haven't broken the downward trendline.
Short term fib - retraced to 41'055 (.236). I expect a short consolidation pullback to 39'500 (fib 0.318).
If BTC can cross and hold 42'500, then I'll feel comfortable saying BTC has broken the downtrend.
Like/Comment.
M
