Broke 11,200 with good volume. Let's resume this bull run!
As you can see we went on quite a run outside of the larger 2019 trend and quickly came back. If we stay w/in the band, we may consolidate here at 12k, then run up to 17k. Or we could correct down closer to 10k, and make a run to 14k. If we break below that line and it doesn't fly back in we may be looking a deeper retest. Longer term I'm still very bullish...
Let me know your thoughts. Not financial advice, etc.
We are nearing the bottom of the band. If it breaks down do we go to 8k?
Click the link to see the BTCUSD posts on TradingView. Most people still seem bearish. Everyone still thinks its going to drop. So for now, I'm staying long. Maybe the whales are accumulating Bitcoin while the retail investors all sell and sell short waiting for the drop, even though those same retail investors think its going to 100k, and they're going to...
Are we looking at a double top bull market, or a new bull market, or the B wave of the ABC bear market? Let me know your thoughts below.
Just a thought based on the trend so far in 2019. Let me know your thoughts.
Every post on here seems to be bearish. To me, that is the indication that the bull will keep running. When everyone is bullish, there's no one left to buy and I'll sell. But for now.. Moon!
I'd like to see us cross this longer term line for confirmation here. I think we will, but this line is something I'm watching closer than just the 9k or 10k levels.
With all the short term charts about Bitcoin that I see, most suggesting that the price is going to drop, I'd like to publish this chart as a reminder and to give some peace of mind to those individuals with a longer holding period.
Straight Forward but tells an important story. Since Feb, weekly candles show a strong movement upwards.
Appears to me that BTCUSD continues upward in a bullish trend since April.