Original source of the idea:
Pretty much self explanatory but - uptrend inside of a bigger downtrend. 11.5, 11.8 and 12.3 are resistane as of NOW. 11.5 and 11.8 will be moving up in price with time and 12.3 will be moving down with time. 12.3 must be exceeded for the downtrend to be violated.
Normally this shorter term uptrend is broken to the downside. So I would expect sub 10k BTC longer term. Maybe a move to 7k or so.
Pretty much self explanatory but - uptrend inside of a bigger downtrend. 11.5, 11.8 and 12.3 are resistane as of NOW. 11.5 and 11.8 will be moving up in price with time and 12.3 will be moving down with time. 12.3 must be exceeded for the downtrend to be violated.
Normally this shorter term uptrend is broken to the downside. So I would expect sub 10k BTC longer term. Maybe a move to 7k or so.
