Bitcoin made a 1k candle in one hour!!!!
a huge volume came in a very short amount of time!
if you trade the confirmation such flash candle is not possible to get involved with!
so, what should we do?
-now BTC moves around a very important historical level (the red extended line) it was a nice consolidation area on the bull run.
-Frankly, such pump came...
maybe we are going to the upper of the channel and I support this scenario.
and Bitcoin is forming an Inverse Head and Shoulders!
How to Trade any Pattern?
- It is very important that traders wait for the pattern to complete. One should not assume that a pattern will develop or that a partially developed pattern will become complete in the...
this chart based on 2014 downtrend exactly from November to the med if January.
and it supports our main view but I will consider 1830 as our main target, not 2400!
check it in related ideas and hit like if you agree with me!
In my view bitcoin doesn't ready for another bullish wave!
so, we will go down and make a new bottom
2400( 50% the end will be here )
1820( 30% the end will be here )
1350( 20% the end will be here)
if you are going to buy from those levels I swear you will make a huge profit as long as this market still exists!
and you don't have to make a stop loss in this...
as long as we are above the green line and didn't close weekly candle under it
BTC will go up to our targets.
but if we close under it we will face strong support at 2450-2200
and I recommend buying from there at least 30% from your capital.
for long term traders, these prices are really good for investment!
for sure we are very close to the bottom.
but where it's?! no one knows
maybe at 3k or 2600 or even 2k
if you are looking for a small profit it's a big loss if you bought at 3k and BTC downed to 2k
and I don't recommend to play with BTC in such situation.
but as long as you are an investor you don't mind if BTC went to 2k because you will buy there.