BITCOIN UP TO 10700. BULLISH GARTLEY FORMING. >20% PROFIT !!!
Hello again my fellow earthlings.
We have witnessed an unexpected huge rise in the price of Bitcoin due to it being bought (NOT PUMPED) genuinely by people who want to dump their fake money for real money.
Even though this was expected and it is actually fantastic news, it was not expected so soon, but it's OK :)
Gold has also set a new all time high.
I expect this will continue happening from this point on :)
One cannot wait to see what will happen 10 days from now with the Bitcoin expected reward halving.
That said, looking at the chart we will see a bullish Gartley pattern forming allowing us to reap some very big profits of more than 20% .
Also looking at the RSI we will see that the RSI has not dropped below 50 since 22/04 which looks super bullish and confirms the upcoming move.
Of course a drop on the RSI is to be expected when the price hits the D point.
By that time the D point will probably find support on the 50 SMA, which also adds confidence to our idea.
Looking at the Accumulation /Distribution we will also see that Bitcoin has been in accumulation for quite a while.
A major part of that accumulation will want to be offloaded soon and it will when the price is right ;)
All targets are marked accordingly with orange being the BUY level, green the sell targets and red the stop loss level.
Also notice the yellow trend line which marks the biggest resistance Bitcoin needs to break in order to get back on the path on new price record highs.
I don't expect this to happen this time but who knows, Bitcoin is full of surprises ;)
Remember to use trailing stops or wait for the price to start retracing before exiting your position.
This ensures you will get the most profits.
Once again, this is NOT a financial advice and one should always do their own due diligence before investing any real capital.
Also, remember to never trade with capital that you cannot afford to lose.
That said, let's see how this one plays out.
Be good, stay safe.
Namaste :)
We have witnessed an unexpected huge rise in the price of Bitcoin due to it being bought (NOT PUMPED) genuinely by people who want to dump their fake money for real money.
Even though this was expected and it is actually fantastic news, it was not expected so soon, but it's OK :)
Gold has also set a new all time high.
I expect this will continue happening from this point on :)
One cannot wait to see what will happen 10 days from now with the Bitcoin expected reward halving.
That said, looking at the chart we will see a bullish Gartley pattern forming allowing us to reap some very big profits of more than 20% .
Also looking at the RSI we will see that the RSI has not dropped below 50 since 22/04 which looks super bullish and confirms the upcoming move.
Of course a drop on the RSI is to be expected when the price hits the D point.
By that time the D point will probably find support on the 50 SMA, which also adds confidence to our idea.
Looking at the Accumulation /Distribution we will also see that Bitcoin has been in accumulation for quite a while.
A major part of that accumulation will want to be offloaded soon and it will when the price is right ;)
All targets are marked accordingly with orange being the BUY level, green the sell targets and red the stop loss level.
Also notice the yellow trend line which marks the biggest resistance Bitcoin needs to break in order to get back on the path on new price record highs.
I don't expect this to happen this time but who knows, Bitcoin is full of surprises ;)
Remember to use trailing stops or wait for the price to start retracing before exiting your position.
This ensures you will get the most profits.
Once again, this is NOT a financial advice and one should always do their own due diligence before investing any real capital.
Also, remember to never trade with capital that you cannot afford to lose.
That said, let's see how this one plays out.
Be good, stay safe.
Namaste :)
Order cancelled