I've noticed this fractal play out on Bitcoin since it broke out in April.
-Since the breakout above the trend line, Bitcoin spent about ~20 days consolidating under it
-After the consolidation under the trend line, BTC has a ~40%+ markup.
It's quite simple, I'm long here looking for the next markup to $15,500.
As you can see since we broke out from the trinagle on the 26th of May with low volume, we always had a big sell volume followed by a small buy volume.
What I am looking for is a big sell volume, bigger than the previous buy volumes. We found resistance at the 0.382 fibb. level, which is a great sign for a continuing correction.
If we have a look on...
Hi to all,
I am not a trader I am a dreamer and no matter if it touches 1k I am still buying because the rocket is being fueled. look at the chart and make your own call.. Do your own research please this is not investing advice only my personal view of the BTC total market.