Bitcoin Shananagins
This can get very interesting in the next 3 weeks.. I have 2 different scenarios that i think could play out.
1.) BTC breaks out of channel to the upside, and makes its way to the red box and levels, which is a common bulltrap involving the fib. levels...So it goes up there, makes everyione think were blasting off, and then dumps down again and shakes the rest of the paper-hands out of the market, and then we continue business to 75k.
2.) Bitcoin makes its way up to 60k, falls down hard and fakes people out, and then blasts upwards through 60k and gets to 75k shortly after, with Much Volatility.
*Im very excited for the next month.
(dont let them shake you out of your long term positions)
1.) BTC breaks out of channel to the upside, and makes its way to the red box and levels, which is a common bulltrap involving the fib. levels...So it goes up there, makes everyione think were blasting off, and then dumps down again and shakes the rest of the paper-hands out of the market, and then we continue business to 75k.
2.) Bitcoin makes its way up to 60k, falls down hard and fakes people out, and then blasts upwards through 60k and gets to 75k shortly after, with Much Volatility.
*Im very excited for the next month.
(dont let them shake you out of your long term positions)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.