Are We Accumulating? Is the 2020 Bull Run around the CORNER?
Last bull run led to 2600% in profits!! Don’t get caught sleeping this time.
We have been trading flat for some time now since the move to 10200 and the subsequent dump, when bitcoin trades flat something BIG is around the corner with the something BIG sometimes being a DUMP.However, due to the global financial crisis and the Fed continuously pumping the markets, money will continue to flow into Bitcoin and we could reach all time highs this YEAR.
Trendlines are used to show the similarities between Q4 2019 and the current movement, if we make it past the upper boundary of the trendline and smash resistance at 10200 and 10500 then we will definitely be approaching bull territory.
Please FOLLOW AND LIKE if you like the IDEA, I will be posting regular updates for it.
We have been trading flat for some time now since the move to 10200 and the subsequent dump, when bitcoin trades flat something BIG is around the corner with the something BIG sometimes being a DUMP.However, due to the global financial crisis and the Fed continuously pumping the markets, money will continue to flow into Bitcoin and we could reach all time highs this YEAR.
Trendlines are used to show the similarities between Q4 2019 and the current movement, if we make it past the upper boundary of the trendline and smash resistance at 10200 and 10500 then we will definitely be approaching bull territory.
Please FOLLOW AND LIKE if you like the IDEA, I will be posting regular updates for it.
Comment:
As on my previous update, the 9350 support did not hold therefore we are in a new territory, we did not stay too long sub-9000 thus keeping within the bullish trend, however, due to this support being tested multiple times now and the sentiment turning bearish we might fall through. However, this is the perfect time for scalp traders to make quick money with large scalps both ways.
No current opportunities for long entries, as it is too risky and stops may be taken out nor are there any entries for shorts- unless we make another big move up.
As previously, stay safe and don't risk too much- Lambos are not that cool.
No current opportunities for long entries, as it is too risky and stops may be taken out nor are there any entries for shorts- unless we make another big move up.
As previously, stay safe and don't risk too much- Lambos are not that cool.
We made a strong upward move to the 9600 level, however for the bulls to hold momentum we need to define support in a strong area either at 9500 or 9350 as previously seen; lower levels such as 9000 are still within the Bull Flag but it would be dangerous if we returned there as it has been tested before therefore that support may be weaker.
Either way, big move coming up this week as Coronavirus fears return and CME Futures expire this week for Bitcoin. Keep an eye out and don't miss out on money!