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andrevj2000
May 4, 2022 5:33 PM

Bitcoin long term bullish trend  Long

Bitcoin / U.S. dollarBitstamp

Description

it looks like bitcoin is on a bullish ascending channel where it formed a falling wedge on the short term. if the fed meeting today is positive for bitcoin then we can go up 102% for bitcoin before going down. if we break the long term channel pattern to the upside then bitcoin can go above 100k. If we would go down then a max of 12% roughly is what we would go down and bounce then go 102%. If we do not break 100k then most definitely we will break past 100k in 5 years. The RSI is also showing close to undervalued for bitcoin and the madD is close to making a bullish cross
Comments
zAngus
Hi, congrats on sharing your first post with the community. We hope you had fun during the learning process. Thanks for sharing with the community.
From mod @zAngus
Walter_White_2021
You so cwazy lol
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