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electo
May 25, 2019 6:07 AM

How Bullish is BTC 

Bitcoin / U.S. dollarBitstamp

Description

BTC is now very bullish after quite some time. Here is a very simple chart that shows some key levels. Golden cross has already happened, and its basically BTFD from here on.

However, we need to retest the breakout and previous resistance for this to be a longer term bull rally. If that happens, its probably a great time to enter again.


Posting this to look back to. Havent posted a chart in ages.

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To be clear tho, I would personally be short here, and wait to buy that retest. Alternative is also shown in the chart, 10k blow off top.

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We bull.

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Levels I am looking at. Short from 8700 but took off some on the first dump so actual entry price now higher.

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Another look at the chart in a wyckoff schematic.

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Phase C now.
Comments
TommyW369
Come to WP!!
curiou5ity
Is this possibly going to form an almighty cup and handle with the base of the handle coming in around 6k? Then a possible moonshot?
TheRichest
i would ideally place bids at 5.1... so this probably means i should buy at 4k
RubenK99
how far would you say I'll go down before w see more bullish?
electo
@RubenK99, right now its trying to go for 10k. Very bullish structure. It may decide to just make a run without dips.
electo
@electo, 10k hit
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