BitcoinCensus

BTC 1 Day Chart - Up or Down Coming Soon

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We have seen $BTC touch the top of the triangle pictured and the bottom. It has touched the top wall twice and bottom wall twice. I believe the third time it will break through. Will it break the top wall or the bottom wall? At the moment, I would place more odds that it breaks the bottom wall but I don't think we are close enough to know for sure. Rather, watch closely because if my chart is correct by July 20th Bitcoin will be looking to break lower or higher.

Another sign to look for that a breakout is coming is that BTC will stabilize with less dramatic swings. Sometimes that is a time when people will shift to alts to chase the swings there instead. So far alts has been too dangerous for me so I have stayed away.

Back to $BTC, at the moment I think the data is trending towards a bearish breakout, but by July 18th the trend should be a lot easier to predict.

Comments

Plz check my share ideas on tradingviwe
+1 Reply
With everyone thinking Bitcoin is going down
Shouldn't you go and do the opposite of what the 'market' thinks will happen
+1 Reply
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