update! go long tp 3000 - 4000 trick - test sp 1 ,up : long or down - test sp 2 : long goodluck
goodluck trick - test sp2 : long time tp 100-200 usd
what do you think? BULLISH ASCENDING TRIANGLE or BEARISH WEDGE ? Thanks!
Bitcoin obviously left rational / sustainable prices. And it may have got 4 times the amount of active users as in 2014 ? (according to blockchain.info) - But then, do we need to reach 4 times the price of 2014? Now users have different demografics. Back then it was coders/developers, and some who believed in bitcoin and also gamblers. probably richer in average...
Seems we find ourselves in a bit of a bull trap today. This is unsurprising, as we know that around $1050 BTC is met with quite a strong and consistent resistance. If you look at my earlier posts, you will see what I mean. Now that the bull run comes to an end, it might be a good idea to short now. With regard to buying back, I would be hesitant. Hopefully,...
3870 has built support at this key level, and with such a long-term trendline broken, this is the first strong, clear move up. Get out of shorts, and at least buy, but I am long. In the unlikely event that price dips below 3780, then look for signs of this being a fakeout. The USD prices for these levels are around $580 now and $565 at next lowest support.
MACD and RSI are both overbought let's take it down five bucks over the period of a day and end up completing our triangle at $217 on April 20th.