IMPRESSIVE! The BULLS don't take a BREAK!
Hello everyone! The bulls are strong here on BTC! They managed to keep the prices up, even after a very strong bullish trend, which is impressive. We did catch that bullish trend by the way, we were long from U$ 7k to U$ 9.2k, and you can check how we did this trade in my previous analysis, links bellow. Also, remember to follow me to keep in touch with our trades and analysis.
You guys know my trading style. I’m a swing trader, I like to surf a big wave, instead of day trading and trying to earn money from the noise; Also, I use a no-indicator approach, the price and the volume tells me everything; And I use 3 main time frames to support my decisions. I’m a simple trader.
Now I don’t see a huge opportunity on BTC, and in my view there’re more interesting assets to trade right now. But BTC keeps doing some very technical movements, let’s see the hourly chart:
Now, BTC seems to be trapped inside an ascending channel, which is good news to the bulls. There’re clear supports and resistances, and if the bulls keep the prices above the U$ 9,485 it will be phenomenal.
Speaking in phenomenal, if we look at the weekly chart, we can see the huge potential BTC still has. Just take a look:
I think there’s nothing to say here. We may see BTC hit the U$ 20k if e escape that descending channel, and it seems we will do that. Keep your eyes open here!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
You guys know my trading style. I’m a swing trader, I like to surf a big wave, instead of day trading and trying to earn money from the noise; Also, I use a no-indicator approach, the price and the volume tells me everything; And I use 3 main time frames to support my decisions. I’m a simple trader.
Now I don’t see a huge opportunity on BTC, and in my view there’re more interesting assets to trade right now. But BTC keeps doing some very technical movements, let’s see the hourly chart:
Now, BTC seems to be trapped inside an ascending channel, which is good news to the bulls. There’re clear supports and resistances, and if the bulls keep the prices above the U$ 9,485 it will be phenomenal.
Speaking in phenomenal, if we look at the weekly chart, we can see the huge potential BTC still has. Just take a look:
I think there’s nothing to say here. We may see BTC hit the U$ 20k if e escape that descending channel, and it seems we will do that. Keep your eyes open here!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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