seba26-77

Bitcoin! in Ascending Triangle Pattern!

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hallo traders
Could we have a strong rebound soon?
It seems that we are drawing a bullish pattern . Increasing triangle pattern . Within 2 days we should know where the more interest is.
Often a bullish chart pattern, the ascending triangle pattern in an uptrend is not only easy to recognize but is also a slam-dunk as an entry or exit signal. It should be noted that a recognized trend should be in place for the triangle to be considered a continuation pattern. In the above chart, you can see that an uptrend is in place, and the demand line, or lower trendline, is drawn to touch the base of the rising lows. The two highs have formed at the top line. These highs do not have to reach the same price point but should be close to each other.

Comment: This chart below shows that the price of Bitcoin has gone aggressively up, we are on the top of the normal exit, will it manage not to fall? on the other hand, for the whole puzzle, we need 26k confirmation, how do you think it will go?
greetings
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Comment: Dear traders, it looks like bitcoin is getting ready to jump to 36.5k if it breaks through the downward line, then another strong resistance at 37.5k.

Comment: On Friday, January 29, a record bitcoin options worth nearly $ 4 billion will expire. There is a good chance that this will cause a lot of volatility. According to data from the cryptocurrency analysis provider bybt.com, options contracts on bitcoin expire on Friday. These represent value of approximately 107,000 bitcoins, or $ 3.5 billion at the current rate. Option contracts allow investors to buy or sell the cryptocurrency at a specified price within a specified period of time. The combined size of 3.5 billion dollars is a record, the previous record was reached last month at the end of December. Then contracts worth $ 2.4 billion expired, optimistic about bitcoin value
Trade data shows speculators are feeling optimistic about bitcoin, despite recent surveys suggesting Wall Street investors think bitcoin looks like a bubble. There is currently more interest in call options, a bet that the bitcoin price will rise, than interest in put options, a bet on a falling bitcoin price.
The coming expiration date of bitcoin's options could spark a wave of price volatility, with previous major terminations catching investors' attention. In addition, the size of the bitcoin open interest market has soared recently, more than doubling since the summer.
The rise in bitcoin has accelerated in recent months. Since October, the currency has risen by almost 250%, but bitcoin has not been able to dampen the extreme volatility, it still happens regularly that the price fluctuates by more than 10% within a trading period of 24 hours. For example, the bitcoin price has risen 7.5% in the last 24 hours.
Deutsche Bank shared the outcome of a major survey last week. This shows that investors are concerned that the value of bitcoin could halve by 2021. About 50 percent of respondents gave bitcoin a score of 10 on a scale of 1-10 for bubbles. Bank of America said bitcoin is currently the world's most popular trade among investors. This is the first time since October 2019 that the technical stocks have been pushed out of the top spot.

Comments

Do you think BTC still bullish ?
+1 Reply
seba26-77 saadi_75
@saadi_75, When I look at this chart, I am inclined to say yes, but of course it all depends on the sentiment of buyers and sellers, where there is more interest. If the price drops below 30k there is a good chance that the price will drop to 26k
Reply
saadi_75 seba26-77
@seba26-77,
Find you very useful.
Thank you for sharing your ideas .
+1 Reply
seba26-77 saadi_75
@saadi_75,Maybe this information can help you make a buying or selling decision!
On Friday, January 29, a record bitcoin options worth nearly $ 4 billion will expire. There is a good chance that this will cause a lot of volatility. According to data from the cryptocurrency analysis provider bybt.com, options contracts on bitcoin expire on Friday. These represent value of approximately 107,000 bitcoins, or $ 3.5 billion at the current rate. Option contracts allow investors to buy or sell the cryptocurrency at a specified price within a specified period of time. The combined size of 3.5 billion dollars is a record, the previous record was reached last month at the end of December. Then contracts worth $ 2.4 billion expired, optimistic about bitcoin value
Trade data shows speculators are feeling optimistic about bitcoin, despite recent surveys suggesting Wall Street investors think bitcoin looks like a bubble. There is currently more interest in call options, a bet that the bitcoin price will rise, than interest in put options, a bet on a falling bitcoin price.
The coming expiration date of bitcoin's options could spark a wave of price volatility, with previous major terminations catching investors' attention. In addition, the size of the bitcoin open interest market has soared recently, more than doubling since the summer.
The rise in bitcoin has accelerated in recent months. Since October, the currency has risen by almost 250%, but bitcoin has not been able to dampen the extreme volatility, it still happens regularly that the price fluctuates by more than 10% within a trading period of 24 hours. For example, the bitcoin price has risen 7.5% in the last 24 hours.
Deutsche Bank shared the outcome of a major survey last week. This shows that investors are concerned that the value of bitcoin could halve by 2021. About 50 percent of respondents gave bitcoin a score of 10 on a scale of 1-10 for bubbles. Bank of America said bitcoin is currently the world's most popular trade among investors. This is the first time since October 2019 that the technical stocks have been pushed out of the top spot.
+1 Reply
saadi_75 seba26-77
@seba26-77,
Thank you so much .Very clear and concise. I enjoy and value your posts, much appreciated.
I support you.
Reply
Just a bit outside.
+1 Reply
seba26-77 GetRektBuddy
@GetRektBuddy, That's right; / well, it is very difficult to track the price in a new area, I hope that 31k-30k will keep the weight of the bears, otherwise we will descend to a strong support at a height of 26k-24.5k
Reply
From the chart it looks like a strong buy for me. God will show soon.
+1 Reply
I like this one! clean and clear! and makes total sense! thank you for sharing mate
+1 Reply
good potential
+1 Reply
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