So far so good Bull have been try all the best to hold back the price firmly. The fight between the Bull and the Bear is still on to know where price will move to either for continuation of the previous pump or going for normal correction as BOLDly described on some of our previous post.
Today I discover a very interesting pattern when playing with Bitcoin chart in an INVERTED VIEW.
The pattern is about ADAM and EVE
We can also call this pattern Ascending triangle Pattern.
Everything about these pattern are well shown on the chart with their target. This idea is a quick action to open our followers eyes to the market opportunity.
When any of the DEFENCE ZONE break we should act immediately by going in for a re-test and move towards the direction of the breakout.
Thank you and I hope this idea will help someone in making good trading decision.
Kindly go through the chart and do leave us your comments to let us know how you feel about our view,
Moreover REMEMBER to appreciate our effort with your likes and always subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas
Thank you.
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First test on the BEAR Terriroty got massacred
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Hello,
Sorry for not be able to give update since, I was away from my work station, as we can see price already breakout from the BEAR Defense zone and it already re-test it which turning this zone to be our immediate support.
The whole view now has turn to full Bull mode with the expected target shown on the chart.
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Almost at Bull target as shown on the chart from the last update.
I would be happy if something like this happens but I really do think bulls are very strong and it won't make it to target, maybe mid 8000's. There's some new retail money coming in due to the halvening and due to so many Americans and Europeans getting a stimulus check.
jimcubed
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@kirbyr, what’s the evidence for the new retail money coming in ?
@kirbyr, For no reason? We have been extremely bullish ever since 3500... Every indicator pointed bullish throughout the whole time (I'm talking about useful indicators, not TradingView oscillators). Gold has almost made a new all time high since the drop, both gold and Bitcoin are heavily outperforming the stock market. People that previously felt they missed the boat are now getting in when they realize it isn't going to 4k anymore. If you ask me, it's just weird this didn't happen any time sooner, but then again so many traders have been bearish ever since 3500 for no good reason.
MJC77
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@BTC_Halving_054, You idiots again. You don't give up do you? Reported to the real Binance. Traders - don't believe their link, they're Binance imposters
prefabsprout
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@MJC77, as long as it keeps working why would they give up? gives you a sense of how many naive people there are in this young market..
CJ06
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@MJC77, Binance can't do anything. TRADINGVIEW SHOULD DO SOMETHING BECAUSE I SEE THIS GUY SPAMMING DAILY AND THEY DON'T EVEN MOVE A FINGER.