BTC future!!

Updated

This is not an advice : I just like to draw lines :{

Note

I can not post pictures here, but if you look on Kondratiev waves, the 2020 year is the peak of the cycle in the world economy meaning prosperity ;) Could it be associated with crypto and blockchain in general? who knows
en.wikipedia.org/wiki/Kondratiev_wave

Note

needs to close above 7k this week so we can see 8500$ again
lets see

Note

the first resistance is 6650$, if it does not break next days,
scenario is on the graph, consolidation phase continues.

Note

6200$ holds with nice volume, good sign, but looking to break 6600$ with nice volume too

Note

false break out of 6600$, some selling pressure.
6400$ should hold otherwise me may see 5800$ again

Note

Very good move for Bitcoin, last days it shows some kind of natural growth.
Resistances:
7100$
7450$
Supports:
6800$
7000$

Note

price is above 200 MA heading to 6 000$ resistance

Note

finally we did it

SebastianYakymenko

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.