notoriustrader

notoriustrader

I strongly believe that we are just now following the "real" trendline of steady but slowly growth of bitcoin. As it can be seen on the chart bitcoin has been oscillating around that uptrend line and the recent bull run was way above that trendline that it did hit once and bounced up a little. I do not believe the fall from 70k was caused by a bearmarket but...

notoriustrader Updated 

There is no need for overcomplicated indicators and drawings. I only see a healthly correction of price which in the long term could be good. It can not be infinite upward trend without some pullbacks aswell. Do not be afraid and trust your gut.

notoriustrader

As you can see in the chart a consolidation has formed around 3.26(white line) while still being in an up trend shown by the purple line that also acts as support. I'm certain that if it closes bellow the purple line we will start seeing some downtrend. To where? I don't know, but If that happens I believe the next consolidation will be around 2.83(red...

notoriustrader Updated 

If it closes below 1.50 we would see a possibly cup and handle pattern forming in the 1h chart which will probably but not certainly result in an upward trend.