Earlier I wrote about the importance of the period from February 15. As you can see, it was during this period that Bitcoin broke through from the first falling channel and approached the exit above 10300, from where the prospect of a breakdown to a reversal opens.
The level of 10000 was taken almost immediately is a good sign. We see the emerging volumes.
Today, the Chinese have a New Year and soon after it there will be support in the form of investments in cryptocurrency and market activity.
On the eve of the US closely discussing the stock market and came to the conclusion that it bans for no reason will govern. It is a strong news support. A stock exchange open or renew, a lot of new markets and services, European banks prepare and offer a crypto deposits.
The reversal is planned, now we are in the upper half of the long-term descending channel and come close to the breakdown up from it. All factors for this have developed.
Output prices above 10300 we find ourselves before the last line of 12200-12300, where a reversal to global growth will need to go through several major falling trends converging at one point in the coming days. The area is marked orange on the chart....
Pay attention. A couple of weeks ago the market was dominated by a real panic, many were convinced that everything goes to zero and never rise. Cryptocurrency is finally completely banned in all countries. Remember it? I then constantly gave arguments why it is manipulations for what it becomes and how it is necessary to react. You always need to look at the facts, the emotional background is formed quite simply. Remember those feelings, they will be useful to you in the future, you have passed this hardening. Now you know how to act next time...
