so thing is this, Steem has not figured out how to pin a post to the top. so Srezz has to repeat the answer to this about every 4th post. look through some old post and read the comments.
the red and blue lines in the middle are the channel the the price will bounce around in. if it has a close above or below this channel. then the dotted line is the target. so BTC short term target is 9,414 if it hits this it may bounce from here.
if it continues to drop then check you last weeks post for the approx next target down in the 6k range.
charts are valid for something like 12 weeks and or if the expected has happened.
so thing is this, Steem has not figured out how to pin a post to the top. so Srezz has to repeat the answer to this about every 4th post. look through some old post and read the comments.
the red and blue lines in the middle are the channel the the price will bounce around in. if it has a close above or below this channel. then the dotted line is the target. so BTC short term target is 9,414 if it hits this it may bounce from here.
if it continues to drop then check you last weeks post for the approx next target down in the 6k range.
charts are valid for something like 12 weeks and or if the expected has happened.
Thank you bsbeers. Have answered your questions.
A small correction - it's 12 days, not weeks