BTC/USD has put on a great show today as we jump up to the $4800 range, about 15%. This clears the top of the in that has been relentless for the last year or so as the bears have been dominate until only recently. This is a good sign that has bottomed and we can look upward in the coming months and year. The next major is $5200 marked in red as our next resistance. LTC, something I keep a close eye on has also done very well in the last day or two and even grown 40% in the last month. So the bulls are looking to regain some much needed ground.
For the coming weeks there is a chance that we see a form around the $4700 area which would set the stage for a push to $5000s and hopefully upward.
I am very much a beginner and just want to make observations and learn from them! My simple analysis is for fun and learning, please do not make trading decisions based on my observations – like I said I am just a beginner.
Thanks so much for reading my analysis, please follow me and like my post!
– Max K.
Published at Tue, 02 Apr 2019 18:27:00 +0000
