Today, we've seen an upward break of the downward local trend channel that began around 19th of May, and although the bulls are cheering, we will likely see a repeat of the 13th to 18th June pattern(bounced above the top channel line(green) for a few days, then dipped back down to poke the lower channel support line(also green)). Indicators 1. Overall Volume...
Watch the video and let me know if you think the patterns are matching up, and if that even matters. I'm LONG LONG ... in the long term, been in since early, but short term, seems like a new ATH has been established.
Hi there! Happy Sunday Traders ! I hope this video helps you. If it helps you at all , please click the LIKE and follow button. I will be updating regularly, and sharing my learnings from watching hundreds of youtube videos on trading. In general, I am conservative on BTC, while still knowing it can explode, but the boom and bust cycles are starting to form a...
Just an update showing how we are still in downward trend, as indicated by several support/resistance measurements. Also, an indicator that we may drop as much as 70% from the ATH of 42,000USD Heads up ... enjoy the ride. Please like/follow if you want to receive more daily BTC analysis.
After yesterdays post, we reached $29,500 successfully, sale at $3220, buyback at $29500 ... not because I'm a great trader, or a good analyst ... mostly because of luck, and 8 years of watching this market boom and bust. I predict $15,000 bitcoins, perhaps $7-9K eventually during this consolidation period. Thank you, please like/follow if you found this useful.
Bitcoin continues downtrend. According to channel shown based on local highs and lows, we are seeing a fall to the downside of the channel right now. Selling now, and recovering at a lower cost could be advantageous. Volume shows DECLINING support/amount ... which tells me current bulls are not willing to push price up, and sales are still slow for this price...