BTC has 2 more major resitance lines to break.
3 touches on the major downtrend line so far, so next one should break though.
It broke purple one and used it as support and now pushing for red to break through and establish as support afterwards.
Good news is we are forming another upward support trend line, since the other 3 were failed to establish as a support or broken through at 11100s, 9000s and 7900s
New support line will have stronger reaction since it is closer to big dip at 6000.
We still need to wait until mid to late April for BTC reversal confirmation and alt party
This all makes more sense if you read my previous fractal graph
3 touches on the major downtrend line so far, so next one should break though.
It broke purple one and used it as support and now pushing for red to break through and establish as support afterwards.
Good news is we are forming another upward support trend line, since the other 3 were failed to establish as a support or broken through at 11100s, 9000s and 7900s
New support line will have stronger reaction since it is closer to big dip at 6000.
We still need to wait until mid to late April for BTC reversal confirmation and alt party
This all makes more sense if you read my previous fractal graph
