White lines are basically drawn S/R lines from June 2019.
Blue/Yellow are larger and smaller flag formations we are currently still in or have broken out of so far.
I can't really explain the chart as I have just drawn it but looks OK to me.
I still think we are in a bearish formation although it does look very bullish on most other charts. I think this is manipulation, in order to take out SL positions and liquidate some orders or trade positions. This MAY WELL BE INCORRECT, although I do still think possibly we could reach 8K mark, we will have a pull back towards $7400s short term, then even back again further into the lower $6Ks (if not further)
Remember, there is alot of institutional buying going on within the space so they will want as many liquid positions and BTC on the available market as possible for these large institutions and whales, maybe even governments to buy up as it will be proven and already has been proven to be the best preforming asset to date, even i it's infancy.
Careful trading and always trade ONLY if you know what you are doing.
I would advise DCA for now and wait, or if you are still unsure about Bitcoin then hold off and see where the next few months or possibly years will take us.
(This chart is not much use but I though I would publish it anyway and my idea to what is happening and where we may be going with BTC)
Blue/Yellow are larger and smaller flag formations we are currently still in or have broken out of so far.
I can't really explain the chart as I have just drawn it but looks OK to me.
I still think we are in a bearish formation although it does look very bullish on most other charts. I think this is manipulation, in order to take out SL positions and liquidate some orders or trade positions. This MAY WELL BE INCORRECT, although I do still think possibly we could reach 8K mark, we will have a pull back towards $7400s short term, then even back again further into the lower $6Ks (if not further)
Remember, there is alot of institutional buying going on within the space so they will want as many liquid positions and BTC on the available market as possible for these large institutions and whales, maybe even governments to buy up as it will be proven and already has been proven to be the best preforming asset to date, even i it's infancy.
Careful trading and always trade ONLY if you know what you are doing.
I would advise DCA for now and wait, or if you are still unsure about Bitcoin then hold off and see where the next few months or possibly years will take us.
(This chart is not much use but I though I would publish it anyway and my idea to what is happening and where we may be going with BTC)