Coinathlon

BTC bullish scenario

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.

Also make sure to leave a like as it helps me out a lot!

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- Symmetrical traingle, tends to break to the upside
- Currently below 50 & 200 EMA

Look for:
- Crossover o/t 50 & 200 EMA
- Price breaks above 200 EMA
- Price breaks traingle

TP: 11K - 12K

Comments

Awesome work, keep it up!
+1 Reply
Coinathlon SunnyHillCapital
@SunnyHillCapital, Thank you sir
Reply
Nice trendline drawings, BTC testing key level. Thanks for sharing your idea 🐻‍❄️😃
+1 Reply
Coinathlon PolarHusk
@PolarHusk, Thank you, sir!
Reply
All the technical analysis you guys do and you still get it way wrong. It's not that hard where you need to overcomplicate it. BTC moves in conjunction with GOLD futures and the S&P 500. you do know we're in the middle of a global pandemic and The US president is having a mental meltdown right? YOu do know that we're having an election in less than a month right? You do know that this shit can move in any given direction based on news and what the US president says and does right? It takes the stairs up and the elevator down!!! stop dreaming of this pumping to 20K+ because that's what you want it to do. Be realistic and chart better dude!!! It will get to 20K again it will go to 100k one day but it will be a long long time before you ever see a pump to 20K again.. Until then, pump and dump!!!
+1 Reply
Coinathlon CryptoShark202
@CryptoShark202, thank you sir for your opinion.I agree that there are many external factors afloat that could potentially influence BTC's price. Severance package, US elections, COVID in Europe, etc. However, I feel this information is especially helpful when you're looking at Bitcoin from a fundamental perspective. Whereas I am trying to look at the BTC/USD chart from a technical perspective without giving any concern to external factors. Why? Because I feel these are almost impossible to take into account when looking at charts.
Reply
Very interesting post
+1 Reply
CryptoShark202 BakiShirzadi
@BakiShirzadi, it not interesting at all.. IT's completely wrong!!!
Reply
Coinathlon BakiShirzadi
@BakiShirzadi, Thank you, sir!
Reply
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