Dear Bitcoin - Crypto friends,
Today i would like to share with you my personal idea on how Bitcoin is going to move.
TO BEGIN WITH: We can clearly see the big triangles which show the path that Bitcoin followed during the bear market.
What i want you to see here is that after we broke out of this triangles we had weekly stable candlesticks which i point them out with (WHITE CIRCLES).
Through the data that we have in the Bitcoin chart, everytime we were in this situation the next weeks we had a price pump which it were leading us to higher prices.
RIGHT NOW: We are at this point again. And the question is.. Is Bitcoin going to do the same thing as the previous times?
MY POINT OF VIEW: Bitcoin is at a crucial point right now forming cadlesticks above the biggest trendline in the chart which is the (ORANGE LINE). I have a feeling that bears are going to get the price of Bitcoin lower than the ORANGE LINE for a little and this is going to make people stay out of the market because they will afraid that we are going down again which i personally dont think so due to the facts in the chart.
TO SUM UP: I personally believe that Bitcoin is going to head to higher levels of prices however before this we might have some red cadles in order to wipe out the ones that afraid that BTC is going to head to the lower levels again.
***This is my personal opinion and not financial advice***
Thank you for taking time to read my chart,
Best Regards and good trades to everyone,
Christian
Today i would like to share with you my personal idea on how Bitcoin is going to move.
TO BEGIN WITH: We can clearly see the big triangles which show the path that Bitcoin followed during the bear market.
What i want you to see here is that after we broke out of this triangles we had weekly stable candlesticks which i point them out with (WHITE CIRCLES).
Through the data that we have in the Bitcoin chart, everytime we were in this situation the next weeks we had a price pump which it were leading us to higher prices.
RIGHT NOW: We are at this point again. And the question is.. Is Bitcoin going to do the same thing as the previous times?
MY POINT OF VIEW: Bitcoin is at a crucial point right now forming cadlesticks above the biggest trendline in the chart which is the (ORANGE LINE). I have a feeling that bears are going to get the price of Bitcoin lower than the ORANGE LINE for a little and this is going to make people stay out of the market because they will afraid that we are going down again which i personally dont think so due to the facts in the chart.
TO SUM UP: I personally believe that Bitcoin is going to head to higher levels of prices however before this we might have some red cadles in order to wipe out the ones that afraid that BTC is going to head to the lower levels again.
***This is my personal opinion and not financial advice***
Thank you for taking time to read my chart,
Best Regards and good trades to everyone,
Christian