Hello friends,
I haven`t posted any chart for a while because BTC was pretty undecided and we didn`t have anything that is pointing u to any direction. I still think that we don`t have any good sign to determine where it will go, BUT it looks that end of this low action period is coming.
Lot of people are talking about this particular date, 6th of June, on 6th of last months usually something happened, either pump or dump, and a lot of people are predicting PUMP. BUT I am not certain what scenario will we seen this time, it can go either way and since this is BTC and that HUGE money is involved (WHALES), we can actually see a DUMP.
Now the chart. If we look at it, there is hidden BULISH divergence on 1h chart and you can also see that we are now at the long term resistance line, around which we were trading last 10 days. Besides that, if you look at around 29th of May, we had a big pump and since then we are actually in uptrend, so if we continue UP, this would be the date when it ALREADY started (not 6th!). So, if we look at all these things, we can expect a PUMP, but lets see what will happen.
Regards!
Happy trading!
I haven`t posted any chart for a while because BTC was pretty undecided and we didn`t have anything that is pointing u to any direction. I still think that we don`t have any good sign to determine where it will go, BUT it looks that end of this low action period is coming.
Lot of people are talking about this particular date, 6th of June, on 6th of last months usually something happened, either pump or dump, and a lot of people are predicting PUMP. BUT I am not certain what scenario will we seen this time, it can go either way and since this is BTC and that HUGE money is involved (WHALES), we can actually see a DUMP.
Now the chart. If we look at it, there is hidden BULISH divergence on 1h chart and you can also see that we are now at the long term resistance line, around which we were trading last 10 days. Besides that, if you look at around 29th of May, we had a big pump and since then we are actually in uptrend, so if we continue UP, this would be the date when it ALREADY started (not 6th!). So, if we look at all these things, we can expect a PUMP, but lets see what will happen.
Regards!
Happy trading!
Comment:
Price did drop a bit, but this still doesn`t mean anything. Also, I forgot to mention, there is a possibility of Head and shoulders pattern forming, which would also suggest that we will go UP, I personally hope that this happens.
