First post! let's see how it works ;).
Just an easy and simple resistance analysis, which in my opinion, is the best. It's the most used one by real good traders (of course they use more technical analysis and stuff, but resistance-support is the simplest and one of most efectives ones out there).
ANALYSIS:
Bond seems like it wants to pump. Got out of a falling wedge, and now is trying to push back up.
Be careful, even with that chart, you need to keep in mind bitcoin is having some erratic moments right now, so this analysis could get totally invalidated if btc tries to go further down (pray it does not go under 37k).
As you can see, seems like it's gonna try to create another bottom, higher than the last one. That's a nice bullish indicator.
Also, Bond got a 6.5M supply at the moment, and the maximum supply will be 10M - which is so good to mantain that 7$ price.
That low supply could mean that if money starts to flow into it, it will pump pretty agresive.
On the right I marked some points where i would sell. That's just some points where it seems there's a resistance levels.
If all goes to plan, it could easily do a +25%. Next marks depend on how it pumps; could go directly to higher levels, or could just hit that 25% mark and stay there - but i if btc does not do anything strange, i do not contemplate that option.
DISCLAIMER:
That's not a financial or investment advise in any case. That's just my opinion and my ideas. Always do your own research, and manage your capital with head. Please, play with stop loses; dont fomo on things and dont let them run till they get to 0.
I'm still learning, so If you got any suggestion, idea, or whatever that comes into your mind, feel free to share on the comments!! i would appreciate it :)
Have a nice day! good luck ;)
Just an easy and simple resistance analysis, which in my opinion, is the best. It's the most used one by real good traders (of course they use more technical analysis and stuff, but resistance-support is the simplest and one of most efectives ones out there).
ANALYSIS:
Bond seems like it wants to pump. Got out of a falling wedge, and now is trying to push back up.
Be careful, even with that chart, you need to keep in mind bitcoin is having some erratic moments right now, so this analysis could get totally invalidated if btc tries to go further down (pray it does not go under 37k).
As you can see, seems like it's gonna try to create another bottom, higher than the last one. That's a nice bullish indicator.
Also, Bond got a 6.5M supply at the moment, and the maximum supply will be 10M - which is so good to mantain that 7$ price.
That low supply could mean that if money starts to flow into it, it will pump pretty agresive.
On the right I marked some points where i would sell. That's just some points where it seems there's a resistance levels.
If all goes to plan, it could easily do a +25%. Next marks depend on how it pumps; could go directly to higher levels, or could just hit that 25% mark and stay there - but i if btc does not do anything strange, i do not contemplate that option.
DISCLAIMER:
That's not a financial or investment advise in any case. That's just my opinion and my ideas. Always do your own research, and manage your capital with head. Please, play with stop loses; dont fomo on things and dont let them run till they get to 0.
I'm still learning, so If you got any suggestion, idea, or whatever that comes into your mind, feel free to share on the comments!! i would appreciate it :)
Have a nice day! good luck ;)