Organic growth seems nowhere in sight as BTC continues to make parabolic moves fuelled by questionable means. Some say the entire market is simulated and just being held up by Tether and Co. Rampant manipulation and wash trading keep Bitcoin a niche asset which is far from worldwide adoption.
Here is my analysis, you'll see the use of a Schiff Pitchfork and Fibonacci Spirals to create this effect. The use of these tools produce clear Support/Resistance guidelines and a blueprint for the future.
The next target is roughly 7200, then we move into the 65xx's. :D
Risk management and proper position sizing. You don't want to get rekt in one trade. You want to slowly grow your account into something formidable.
All the best to you! :D
Here is my analysis, you'll see the use of a Schiff Pitchfork and Fibonacci Spirals to create this effect. The use of these tools produce clear Support/Resistance guidelines and a blueprint for the future.
The next target is roughly 7200, then we move into the 65xx's. :D
Risk management and proper position sizing. You don't want to get rekt in one trade. You want to slowly grow your account into something formidable.
All the best to you! :D
Trade active:
The entire structure we're in seems to be a manipulated bear flag...
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All hail the magic pitchfork! :D
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It's breaking down...
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This looks pretty good to me
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An update on the bear flag we're breaking down from..
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Looks like short term pump incoming
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Bitcoin has reversed bullish
