With that said we should expect steady uptrend movement within next week or two if this pattern completes successfully.
I will also later post another chart which will show that we are also in a downward pattern which has been seen since early May. In all we are getting many indicators, patterns emerging. Despite some news and FUD being spread by some, including Brad Garlinghouse with his "over 50% of Bitcoin is controlled by several miners in China", which might be true, but still.
To conclude this chart, we will add that although everything looks optimistic at this point, drops are still possible. We are in a very volatile, sensitive market with many newer investors that panic and FOMO at every drop to pump. Carefully invest in Bitcoin and alts and if you have that option, go LONG, do not do day trading for something that is still worth less then 400 Million. We are nowhere near mass adoption with Wall Street investors lining up to go into cryptocurrency and many companies starting to experiment with blockchain. GIVE IT TIME PLEASE, PATIENCE WILL BRING PROSPERITY TO THOSE WHO WAIT.
Enjoy this trade, advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop . We are not your financial advisors.
If we maintain support at $6,100 today we should be good
Keep in mind that you should only invest what you can absolutely afford to lose.
Most alts are in same bullish pattern, so consider them as well because bigger gains are made with alts since they are more volatile
Google to follow this decision
Source - https://www.wsj.com/articles/facebook-to...
Long term investors just hold
Short term investors should stay back
Medium term investors can invest with caution or wait for breakout first
Higher risk stop loss is at $5,800