I will start by saying that I am a trader/speculator and I couldn't care less where bitcoin will be in a year, I am interested in where it could be in a week. I also know I can be wrong, that's why I use SL:). A few days ago I was saying that I expect bitcoin to drop to 42k, this did not happen and my sell position closed in break even. In retrospect, after bitcoin fell below the horizontal support level of 57k, it met the upward trend line that was at that time around 55, and the price returned again above 57. Things seem to have cleared up at this moment and bitcoin is trading at 59 and seems determined for new ATHs. From a technical point of view, as I said, the price returned from the upward trend line and this, together with the resistance line, forms a triangle. I believe that the resistance of the triangle will be broken and bitcoin will continue its upward movement. The measured target of the pattern is 68 and only Bitcoin under 55k would negate this bullish scenario.
Thanks for sharing,g geart job, hopefully this idea happens and not your previous 42K idea👍
I think whales don't let the price go down. Tht's why such a analysis doesn't happen
Mihai_Iacob
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@morybi, as i said, i m a speculator, don t care where btc will be in june, not even in may.
My target is 68, if i see that at 63 has problem rising, i close my trade.
I don t want to ask bitcoin to marry me, to have and to hold till death do us part
morybi
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@OptimoomFX, youre right! I don't wanna keep all of my coins till death too :😀 Have a profitable trade dude! Youre doing great!