bloodgood

Bitcoin - sideways then 7600 next week

Long
BITSTAMP:BTCUSD   Bitcoin
BTCUSD pair gave us lots of opportunities for swing trading in the past weeks.

Repeated patterns, repeated support and resistances. People were calling it boring, but it was a lot of fun for me.

Bitcoin will try (and succeed imo) to break up from the triangle. The target I'm expecting to hit is 7600usd.

Yes I know, "it should be 3k", "uneployment rate higher than ever", "1 million corona comfirmed cases". Yes, I agree this is bad. Bad for small investors.

But what is happening when small investors are bleading? The same people who shout about the world in crysis are also saying that rich will be richer. Ok how?

Simple, because they are buying when others are fearful. And this is happening now. People are fearful and rich planning the moves to become even richer.


Stay safe, until the next time.


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