So, an update from the Amateur. I screwed up on the initial $7,800 buy-in target because of poor due diligence, for that I apologize. In return, you get to see an extremely messy chart, but it outlines pretty much all possibilities on our pathway to finally break $12k.
We broke through a key support at $8300, which has been the normal the past few days. Only once have we been above it, since we started the new downtrend channel . This long term (manipulated) trend break and the subsquent (manipulated) reaction, signifies to me we are either at bottom, or very close to it. Chart is messy, but I want you to understand the 3 key channels BTC 2.36% needs to trade in to keep an established uptrend from $7,400. My target of the low for the past 48 hours was $7,440. I was off by only about $100.
I do believe that within the next day or two we will see a breakout from the $8,300 region. If we fail to close above $8,600 by tomorrow we will fall to what I believe to be the final and true double bottom - around $6,844.00. If we close the daily candle or breakout above $8,300, we will visit the psychological target of $9k. Break that, $9.1-$9.3k. Break that, and we visit $9,750. If we can manage to break through $10k within the next day or two, we should be on our way to a $13k BTC 2.36% by end of March.
As always,
Haters gonna hate until they see Crypto's fate.
It may not happen on this date so don't trade the bait. Do your own research. Good luck and happy trading!
Edit: We didn't even create the bull flag , we possibly already broke the $8.3k resistance. Volume is spiking. If we break free of $8,600 I have a feeling I'm gonna have to do another chart tonight XD
We broke through a key support at $8300, which has been the normal the past few days. Only once have we been above it, since we started the new downtrend channel . This long term (manipulated) trend break and the subsquent (manipulated) reaction, signifies to me we are either at bottom, or very close to it. Chart is messy, but I want you to understand the 3 key channels BTC 2.36% needs to trade in to keep an established uptrend from $7,400. My target of the low for the past 48 hours was $7,440. I was off by only about $100.
I do believe that within the next day or two we will see a breakout from the $8,300 region. If we fail to close above $8,600 by tomorrow we will fall to what I believe to be the final and true double bottom - around $6,844.00. If we close the daily candle or breakout above $8,300, we will visit the psychological target of $9k. Break that, $9.1-$9.3k. Break that, and we visit $9,750. If we can manage to break through $10k within the next day or two, we should be on our way to a $13k BTC 2.36% by end of March.
As always,
Haters gonna hate until they see Crypto's fate.
It may not happen on this date so don't trade the bait. Do your own research. Good luck and happy trading!
Edit: We didn't even create the bull flag , we possibly already broke the $8.3k resistance. Volume is spiking. If we break free of $8,600 I have a feeling I'm gonna have to do another chart tonight XD
Comment:
Forgot to add target buy-ins. MAKE SURE to ladder in, ladder out. I would personally strongly suggest 10-15% each time.
1st Target: $7,640
2nd: $7,420
3rd: $7,321
4th: $7,210
5th: $7,000
6th: $6900
7th: $6,860
8th: $6,564
1st Target: $7,640
2nd: $7,420
3rd: $7,321
4th: $7,210
5th: $7,000
6th: $6900
7th: $6,860
8th: $6,564
Comment:
Update!
Possible bull-trap. Take 10-20% profit here to buy lower between @7,150/$6,844