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We have a simple chart here where on the hourly I have noticed bitcoin is forming a perfect 'W' pattern. In the past I have missed a lot of these W patterns opportunities, but as we know they are one of the most bullish formations. Now, I know being long here is high risk, so I am only going to buy a few $k worth from coinbase. We have been knocking on the door to the rocketship here at 10k for awhile now, and it seems 10k is the bullish version of 6k, upward price action seems inevitable at this point. I'd rather lose a few g's of fiat then lose the opportunity to multiply my wealth.
That is all, good luck.
This is NOT financial advice and I am just a speculator. DYOR and manage that risk!
We have a simple chart here where on the hourly I have noticed bitcoin is forming a perfect 'W' pattern. In the past I have missed a lot of these W patterns opportunities, but as we know they are one of the most bullish formations. Now, I know being long here is high risk, so I am only going to buy a few $k worth from coinbase. We have been knocking on the door to the rocketship here at 10k for awhile now, and it seems 10k is the bullish version of 6k, upward price action seems inevitable at this point. I'd rather lose a few g's of fiat then lose the opportunity to multiply my wealth.
That is all, good luck.
This is NOT financial advice and I am just a speculator. DYOR and manage that risk!
Comment:
W pattern failed, however, bullish outcome still likely
Comment:
Also, more retail traders are hodling and long than are short atm, some view this as a bearish signal. Just food for thought.
I wanted to add this view as well, keep in mind bitcoin market is the biggest trill I've seen so many of these patterns get rejected, regardless I am buying