BITCOIN | Consolidation Becomes an It's End!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar

Be ready, the big move is coming but is it $50.000+ or $20.000?

Sometimes, to remove the market noise, you should use a line chart to get a better understanding of the strongest areas in the chart.
Today I caught a small move upwards but nothing more than that, the market just waiting which means we are really close to getting a huge move but atm I don't know yet which direction.

The Triangle chart pattern will be the indication of a big move because the price of BTC has started to move sideways to a triangle peak. Buyers and sellers are smashed together on the peak and one of them wins the battle and the big move may occur.

Confirmation of a mid-term move downwards will be after the strong 4H candle close below $34.000.
Confirmation of a move upwards to 41k will be the strong 4H candle close above the upper triangle trendline!

I will keep you posted,

Comment: Close below the trendline BUT that's not what will trigger the fall - "Confirmation of a mid-term move downwards will be after the strong 4H candle close below $34.000"
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I think it will drop, it has been on a negative run since it broke 40k, hasn't been able to do anything since.
+17 Reply
VaidoVeek rowanharley01
@rowanharley01, true, and thank you for your opinion!
+4 Reply
Johnwood45 rowanharley01
@rowanharley01 yeah true the drop of the BTC 40k give me good profits
+1 Reply
frputera Johnwood45
@Johnwood45, agreed. If op are biased on both side then it ain’t an analysis.
JakubSolar rowanharley01
@rowanharley01, bull pennant? :-)
+4 Reply
VaidoVeek I’ve been following you for few years because I always thought your TA are decent but THIS post is a total rubbish. You’re only igniting anxiety and basically you’re stating what’s so so obvious. Basically you’re saying that you have no bloody clue what’s gonna happen with BTC. Thumbs down 👎
+11 Reply
jjo7205 childof90s
@childof90s, some of us found it helpful. How was your comment helpful?
+13 Reply
VeChainX jjo7205
@jjo7205, ignore last comment totally unnecessary.
+3 Reply
Etenek jjo7205
@jjo7205, ouch hahaha. But I'm with you on this
VaidoVeek childof90s
@childof90s, you are welcome, we all do
“mistakes”! ;)
+5 Reply
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