There is a clearly breakout on bitcoin from this triangle and it will be bullish, very bullish. I've been on the crypto space for 3,5 years and made a lot of money since then. I've predicted sucessfully the latest boom and crashes for the past years in bitcoin and made my own trading fund. So i've been not on tradingview too much but i promise that i will post more ideas. Why it will go up 95% ?
Technically:
1.- Bullish divergence on the RSI
2.- Low volume with impossible target if we breakdown
3. Volatility indicator very low, it has already been this low and it was right before the bull run of 2016-2018
4. Flatzone for many months indicating a potential bottom
5. Shots are very high. Last time there were high like that we had a bull run
Emotions and news
1.- Most retail investors are bearish and leaving the space while the traditional institutions are more interested
2.- Very positive news concerning the crypto space coming soon and already there
3. If we compare the crash from 2014 to the 2018 we can clearly see that its very correlated despite the causes aren't the same
To conclude : We will have a breakout to 10-12k and maybe the beginning of a next bull run. Keep in mind that if we create another bull run it won't just go on a straight line and it will eventually take 1-2 years to go to 40 k- 100k
In the past ive been investing on stocks and crypto and my accuracy is 90% and if you start to follow me now you will see very positive results.
Technically:
1.- Bullish divergence on the RSI
2.- Low volume with impossible target if we breakdown
3. Volatility indicator very low, it has already been this low and it was right before the bull run of 2016-2018
4. Flatzone for many months indicating a potential bottom
5. Shots are very high. Last time there were high like that we had a bull run
Emotions and news
1.- Most retail investors are bearish and leaving the space while the traditional institutions are more interested
2.- Very positive news concerning the crypto space coming soon and already there
3. If we compare the crash from 2014 to the 2018 we can clearly see that its very correlated despite the causes aren't the same
To conclude : We will have a breakout to 10-12k and maybe the beginning of a next bull run. Keep in mind that if we create another bull run it won't just go on a straight line and it will eventually take 1-2 years to go to 40 k- 100k
In the past ive been investing on stocks and crypto and my accuracy is 90% and if you start to follow me now you will see very positive results.