Hey guys, short update for the Bitcoin chart. Bitcoin broke out of the triangle to accelerate its pricemovement in the direction of the previous support/resistance zone at around 6000 USD. From there on, we will see some struggeling with a high probability of a sell off. Take care of your money, we will see this pump and dump scenarios over the whole summer, at least till autumn in the northern hemisphere 2019.
Comment:
Do you really think, bitcoin is doing the next bullrun from now on? Keep your mind clear. What we see here is an lifesign, I do not deny that. However, it should not be forgotten that the past few months have been characterized by a bear market. Anyone who thinks that getting in now would be a last chance will be terribly burned. We will see a strong sell off before the next bull market starts to shake all the weak hands out of the market. These people actually believe the bull market is starting now. That will be punished! Keep your mind clear, buy the low 3000!
Comment:
Reached the 23 er Fibo level, see whats happening, at least we will see a fall to the new support at around 6000. From there on we will see how it develops. I´ll be patient and watching carefully what happens. Still think that we will see some final hard shakeout, cause greed returned into the market!!
Reached the 23 er Fibo level, see whats happening, at least we will see a fall to the new support at around 6000. From there on we will see how it develops. I´ll be patient and watching carefully what happens. Still think that we will see some final hard shakeout, cause greed returned into the market!!
break above this high should lead us to the final zone