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zAngus
Oct 15, 2021 7:10 AM

My magic lines think there will be a pullback. What do you think 

COINBASE:BTCUSD1D
Bitcoin / United States DollarCoinbase

Description

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BTC looking good, but RSI getting into that pullback area with resistance at this point. Going to need some more volume to push through.

I'm going to guess a pullback before another run.

What do you think short term

1. Push through to new highs

2. Consolidate here

3. Pullback and then retest

4. Collapse and burn back to 53k

Comment

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Strong push to 62k!

Comment

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Going to be hard to break through the Mjollnir indicator area.

Trend AnalysisChart PatternsTechnical IndicatorsContains image
Comments
Nico.Muselle
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I think we're about to start the 2nd leg of this bull run and it's going to be magnificent ... Pullback or not ;)
Nico.Muselle
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History does not always repeat itself, but it often rhymes
Below is the 2013 bull run ... Surprisingly similar ;)
zAngus
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@Nico.Muselle, I agree. I think any pullback will simply be a consolidation and rallying point.
The_Profit_Prophet
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I see a small pullback as well.

kimstandgraph
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So educating. Thank you mate for sharing
zAngus
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@kimstandgraph, you are welcome.
Michael_Harding
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A profit taking phase is more likely at this stage.
zAngus
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@Michael_Harding, agreed.
hyipster
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RSI and MACD looking good. The volume is a bit low indeed, maybe it will increase when breaking ATH, won't take long IMO, let's wait and see those ETF approvals or not. I'm adding more long positions since 50K, so far so good.
Time_Out_2021
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resistance line to one bear
is parabolic rise starting line to another bull
:) bulls going to eat the bears for breakfast
better put out a call for bears caught short :)
am i over confident
yes absolutely over confident
but i have my skin in the game :)
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