Hey guys, Your boy Vinnycrypto here coming with some good news so far for the bulls.
We have been holding out of the triangle now but we are not taking off just yet.
This is what the bulls need to look at:
VOLUME. Thats right, Do not owl at the moon just yet as we sure are out of the triangle, but there is no volume. We need to see volume kicking in or we will be right back into bear territory.
I believe tomorrow(Monday) is going to be BTC big day. The day that will go on in history as the day where BTC started its next bull run or the continuation of a devastating bear market.
Why Monday? simple, weekend have historically been low volume with volume kicking back in on the first day of the week. So here is what you need to do, set your alarm clock before the US stock market open and glue your eyes to your chart.
I may be completely wrong here ladies and gentlemen, but what I do know is that BTC is due for some volatility as it is now at an all time low in this bear trend. It also need to take a decision as it is creeping out of the triangle.
Bears will have to wait a little bit for further confirmation, but I believe bulls will have a confirmation soon enough.
For all the investors out there, this is how you are going to play this. Im talking to you HODLERS.
You are going to wait for a daily confirmation upwards of our last high at 7400. Yes, you are losing a 1000 to a BTC but doing anything else would be gambling. You are going to set a stop loss just under the second resistance that should have become support zone in case of a big wick of bears fighting back.
After that, you are going to do what you do best. Owl at the moon, tell all your friends about BTC, get your grandma back in, and google lambo prices.
Bears:
We know what to do, we are waiting to see if the bulls can go past these 2 resistances and get our shorts ready for the bounces back down.
If you like what you are reading, Hit the like button. If you are a bull, owl at the moon in the comment section. If you are a bear, follow me on here and twitter for the interesting update. And most importantly, trade safe.
We have been holding out of the triangle now but we are not taking off just yet.
This is what the bulls need to look at:
VOLUME. Thats right, Do not owl at the moon just yet as we sure are out of the triangle, but there is no volume. We need to see volume kicking in or we will be right back into bear territory.
I believe tomorrow(Monday) is going to be BTC big day. The day that will go on in history as the day where BTC started its next bull run or the continuation of a devastating bear market.
Why Monday? simple, weekend have historically been low volume with volume kicking back in on the first day of the week. So here is what you need to do, set your alarm clock before the US stock market open and glue your eyes to your chart.
I may be completely wrong here ladies and gentlemen, but what I do know is that BTC is due for some volatility as it is now at an all time low in this bear trend. It also need to take a decision as it is creeping out of the triangle.
Bears will have to wait a little bit for further confirmation, but I believe bulls will have a confirmation soon enough.
For all the investors out there, this is how you are going to play this. Im talking to you HODLERS.
You are going to wait for a daily confirmation upwards of our last high at 7400. Yes, you are losing a 1000 to a BTC but doing anything else would be gambling. You are going to set a stop loss just under the second resistance that should have become support zone in case of a big wick of bears fighting back.
After that, you are going to do what you do best. Owl at the moon, tell all your friends about BTC, get your grandma back in, and google lambo prices.
Bears:
We know what to do, we are waiting to see if the bulls can go past these 2 resistances and get our shorts ready for the bounces back down.
If you like what you are reading, Hit the like button. If you are a bull, owl at the moon in the comment section. If you are a bear, follow me on here and twitter for the interesting update. And most importantly, trade safe.