BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I see an ascending channel , we have beautifully tested the middle trendline. Now we are in a zone of resistance, which we will break due to liquidations and stop-losses of people who are shorting Bitcoin . Due to these closed positions, we will go higher to the resistance line of the ascending channel . Many people will short this super bull market, but this is dangerous for your deposit. I think the top line of the rising channel will be the ideal short entry point.

Comment: Once we take the target, there is a possibility of correction to the middle line of the ascending channel
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this dude is super classy and has the best charts and descriptions of anyone i have seen. extremely spot on as well.
+14 Reply
ZipZapzoop05 toastedcharm
@toastedcharm, yep because he really see bitcoin from a big time frame perspective and its the way to go. Not like those pseudo trader who post an idea every 2 hours and look at it with 5 minutes candles lol
+5 Reply
milanjelic toastedcharm
@toastedcharm,

BTC won't cross 13.500$ level without liquidation.

Next levels will come later but not now.

GUYS DON'T BUY AT VERY TOP SINCE IT'S WRONG.

Wait for correction and you are more than good.

+1 Reply
Egcxk1990 toastedcharm
Reply
thanks for the analysis,
+4 Reply
@Stargazer_fx, great one
Reply
I think it is no surprise where the overbought 'red box' begins is also the 'all time monthly high, $14k' - Historically speaking, when Bitcoin returns to the all time monthly high we see a massive alt-coin market surge.
+2 Reply
@EXCAVO BTC won't cross 13.500$ level without liquidation.

Next levels will come later but not now.

GUYS DON'T BUY AT VERY TOP SINCE IT'S WRONG.

Wait for correction and you are more than good.



CHEERS
+1 Reply
20k on the horizon ! ;)
+1 Reply
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