Corrupt_Economy
Long

The final shakeout before 10K is upon us

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
So in my previous analysis' I talked about the coming final shakeout, however I had gotten the timing of when it would arrive incorrect (I was expecting it a bit earlier). Alas, it is upon us! There is a good chance we go down lower to about 6K as indicated by the yellow arrows which give us support at the solid pink support line; however we equally might have already hit the lowest low of the shakeout indicated by the support found by the dotted pink trend line . Eitherway I am now in a long position since 62xx and have buy orders placed incrementally down to 5980 in case we do go lower to the solid pink trend line . Once we break the resistance of the solid pink down trend line above us, we should rocket towards our target of 10K in spectacular fashion.

Comment: Only a few days at most away from break out

Comment: April fractal this analysis was based on:
Comment: On the way to 10K

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out