BTC: Technical Analysis for Market-Analysis Comparisons
Simple Weekly Prediction
Here is my original BTC prediction chart from January for reference. Uncanny how much I got right.
Resistance:
Level where high rates of distribution occurs
Holds price down
Support:
Level where capital is being injected
Holds price up
Backside Holds:
Typically have a solid bounce
Front-Side Holds:
Need to hold overtime to break trend
Failing to hold indicates move into a higher/lower range
Break Level/Valley:
Once attacked, indicates invalidation of the current up-trend/down-trend
If attacked, but a ladder occurs after the first attack subsequently failing to attack/move through on its second attempt, it will become a polarizing level, where once broken, a violent move will follow.