Just like NASDAQ...
see? We're still on the early phase of Bitcoin. BUT!! Bitcoin could outgrow these two.
As we can see, Bitcoin's performance is more than 10x faster than any stocks out there!
Stocks took years of building momentum and consolidating.
Internet and Blockchain is already there! We just need more usage and real...
First, It might consolidate for a while and then moon.. (Primary!) (Red Rays) - levels.
Bounce from 5,800-5,300 levels. (First Green Ray)
if it breaks those levels, we can expect a retest from 3,000 USD levels again. (Last Green Ray)
After all the FUD and market sentiment, I'm still remaining to be positive and not looking that much in chart because that's what markets does. duh!
This is not a bear market! I repeat, this is not a bear market! Unless the market goes below the major support which is around 5,400 USD.
SO that means, we just touch the previous trend line support! Stop making...
Just like S&P chart. After a breakout from the trend's resistance, it became support.
After...... It performed higher highs and it changed the name of the game forever. lol
All I'm saying is we're still really in the early phase of this chart compared to other charts/ stocks.
Fill your bags up and ride!
Have a great night!
Risk vs Reward will never be wrong. (Swallow your pride and move on)
Fibonacci is very essential when it comes to trading. (USUALLY FOR BOUNCING AREAS)
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After an ABCDE Correction, comes a breakout. I think it could break the triangle. (Positively)
Always use Risk vs Reward to eliminate emotions.
If your plan did not work out, be open minded. Continue trading and look for a strategy that fits you.
Bitcoin's 1 wk time frame candlestick pattern is telling us that there is an indecision in market. Probably, we may have a sideways type of market then continue it's uptrend after the bulls win.
Usually, traders use spinning tops as a sign to close out long positions and they look for opportunities and potential coin for short positions.
MACD isn't crossing in...
A nice breakout from the wedge will be a great sign of another huge market cycle for verge.
An ABC ir ABCDE correction might occur inside the falling wedge and let's remember that we should use stop loss just in case Sh*t happens.
I'm Holding this coin because I love the team behind it.
Having a great team will have a great impact in a coin. But let's see what...