Since the 14th of May 2019 Bitcoin is helding course around the 8000. The bulls and bears on both sides are fighting heavily to win the war. However i think the war is coming to an end. It has been to long.... On the 4H chart its pretty clear to me that a bullish breakout is near and that the green line could be a scenario to keep in mind. It cleary shows a rising triangle wich is equivalent to a bullish pattern.
I personaly have my doubts that bitcoin is going straight to the moon. But cleary the way to the 9000 is open. Which is a very nice moment to take some profits at least. If the scenario of the red line plays out its also a possibility to keep in mind tough. So stay sharp!
I personaly have my doubts that bitcoin is going straight to the moon. But cleary the way to the 9000 is open. Which is a very nice moment to take some profits at least. If the scenario of the red line plays out its also a possibility to keep in mind tough. So stay sharp!
Comment:
A big move on Bitmex drives the price up. It seems that my analysis worked out quite well!! However, the prices did not touched the supportline. But the analysis was in the right direction....