Bitcoin Basic Technical Analysis of 21/02/18

Hi guys, as we have seen Btc coming back from 6k to the double, It was perfectly predictable with technical analysis.

I know Bitcoin is pure emotion, not graphics, but it seems like Bitcoin is going more and more into the classic schemes in stocks.

For now, we are seeing a little comeback to 11k1, and therefore I decided to make a TA 9Technical Analysis) Very basic and simple for now (I still don't know if my streemit audience has the knowledge for advanced TA).

So here it is, and my thoughts about this are the following :

As you can see, Btc looks like it's in a range, a range is a short-term period of not really moving between two prices (between red and green lines here, called as support and resistances). If Bitcoin breaks one of those two, it might go straight into that direction.

Another interesting point is how the A lines are parallels between them, and B lines too. Looks like another A line of growth might come.

Please tell me, guys, if you are interested or if you have any comment or thoughts to make :)

Nairys