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sullshw
Feb 24, 2021 9:49 PM

Bitcoin over US dollar potential breakout 

Bitcoin / U.S. dollarBitstamp

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Hello traders, hope you are all doing well

In my opinion I believe there will be a breakout. Needless to say even though if bitcoin does not go short (which I highly doubt within the timeframe) I believe that a breakout will occur from the the yellow large resistance line in the graph as shown. If predicted so, a high upwards trend will likely occur and will go upwards of 50000.00. Also following up from the RSI, maybe not in the timeframe shown but maybe the 1 hour period, it shows a potential upwards trend to take place and then predicted to go down.

Again this is just my opinion and everyone has their own. However I do believe this will be the case and would love to get your opinions and ideas in the comments.

Thanks!
Comments
peyman1990
so we should sell bitcoin ?
sullshw
@peyman1990 yes as shown on the graph, however I believe a buy after it hits support and then after that a long term sell once it has reached peak
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