One of these 3 scenarios are primed to play out in my opinion.
Leverage trade it or dont, make sure to have some dry powder if one of this plays out.
Once again, I think this will be arranged to steal your coins before the biggest bull-run in human history begins.
Good Luck. Charts dont lie.
Following chart is of BTC/USD which shows RSI Divergence Pattern, Buy After it Breaks the @41000 Level, Very Strong Resistance right there.
Also The Targets is huge, so Go Long After Breakout.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
Lets look at all the facts of BTC regarding TA.
On the monthly chart– We have had a evening star formation. This is a Reversal pattern.
Weekly chart – We are in a weekly sell range and Btc is making Lower lows and Lower highs. Currently in a down trend.
Daily – We are in daily sell range.
BTC is bearish for the time being. We have liquidity squeezing inside the...
No surprises yet from Bitcoin. E might itself be forming a small triangle. The break out lines coincide with 20 day and 40 day averages.
The invalidation level is 31225.67.
This is a long term bottom and I expect the prices to double triple from here.
Invest at your own risk.
As you can see the trendline has shifter. Try landscape mode.
The previous pumb was a trap by whales. This is the perfect time to exit and buy more at dip
In 2013-14 we have 2 bull runs.
2012 bull run top to 2013 bull run top - around 1400 % gain
2013 bull run top to 2017 bull run top - around 1400 % gain
if history repeats itself then we can see a price target of 3,00,000$ in the 20121 bull run.
From 2012 bull run top to 2013 bear market bottom - around 2.7x
from 2013 bull run top to 2018 bear market bottom -...
BTC has been rangebound for a couple of months now between 50-60k levels. 49000 is key support, followed by 44k. Sustenance above 61000 gives strong resistance, sustenance for a period of time above that level can be bullish. However key moves are expected soon, this week will be crucial to determine its direction.
