evanmtz

Open Long Position, Trend line going up

Long
BITSTAMP:BTCUSD   Bitcoin
Open long like right now if you want to make profit off of this trend while it lasts.

My hypothesis is that once a candle enters the golden section and touches 10.5k, it'll probably keep on going up till it touches 11k.

After that, obviously there will be a breakout afterwards going down to maybe 5k-6k.

and NO it will not reach 20k unfortunately. The chances of that happening are low.

The purple line is what i think will happen.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.