After barely surviving a Death Shark Monster, some Illuminati Super Sayans, Communist Fighter Jets, Litecoin SegWit bombs, a Mt. BFX Missile and a very suspicious Bitel Castro, it seems like nothing can stop Bitcoin. But then, right after some bulls were declaring victory and going long with their life savings, a mighty creature appeared: Bitagon.
Where will it take Bitcoin? doesn't seem to me his intentions are the best. We're about to find out so stay tuned!
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting updates as I have been doing in my previous posts.
Technical version:
Note
Previous entry:
Trade active
Triple Tops!
Trade active
Went up, but this is looking like a BEARISH ABANDONED BABY formation now.
Trade active
Bitagon attacked Bitcoin!
Trade active
This will likely break down.
Trade active
Current status.
Trade active
Even though there is a lot of manipulation in the price because of the situation at BitFinex and USDT, price has climbed a bit higher than I expected, but it hasn't been able to climb the current level.
There could be a retracement after the french elections. If the price increases, this idea will be invalidated.
Trade active
Still within the channel. There is also a rising wedge.
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.