Hambooger

C.R.E.A.M. (January 15th 2021)

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin /USD rate (January 15th 2021 through February 2021)

Low: $??? - $31,683
High: $38,769

It feels like a moment of truth for Bitcoin is coming up. A lot of people are uncertain right now, but maybe no more than are confident that Bitcoin remains bullish at this moment in time.

It looks like we will see a head and shoulders within this triangle trend. I'm not 100% certain that this will follow a fractal idea I'm seeing in the left shoulder, but it would be interesting. I believe if Bitcoin price breaks below my red trend line , it could potentially indicate further lows.

This could end up being very bullish if bitcoin is headed towards $55k, $65k, $73k, $86k. But nothing is guaranteed right now. I need more confirmation before I''m sold on it.

Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!

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Comments

Great idea!
Reply
Hambooger Henry_Ross
@Henry_Ross, thank you! I think this one could be wrong as of right now but I'll be watching closely, haha just learned earlier today that the way I have been plotting my triangles could be entirely wrong when it comes to certain local swing highs/lows vs the local high/low
Reply
Henry_Ross Hambooger
Reply
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