It’s simple, people underestimate how long consolidation will take.
Simply wait for a breakout and hold till ATH. There has been no breakout for the past several years since it’s been forming a huge pennant consolidation.
I can see Bitcoin breaking $360 in the next 3 weeks and stopping around $500.
Then dump to $360 and make that resistance into support.
MAY WILL BE A CRAZY MONTH FOR ETH. BUY NOW AND GET OUT AT $500.
EASY SHORT TERM TRADE.
STOP LOSS AT $200.
MARKET STRUCTURE IS BROKEN.
CURRENTLY OUT OF ALL MY LONGS FROM $9550 AND NET SHORT.
WAIT UNTIL $5000-$5500 TO BUY. THEN WE CAN HOLD UNTIL NEW HIGHS.
IT HAS BEEN FUN LONGING THIS BULL MARKET FROM 7000 TO 10550 BUT ITS TIME TO GET OUT AND BE NET SHORT AND WAIT FOR THE $5000 BITCOIN.
Bitcoin is currently on high time frame support. People who are shorting here are mentally ill and don't like money.
I am LONG from $9550 and do not plan on closing until ATLEAST $17,000.
After we touch $17,000-$18,000 we can close our long position and hedge short until $12,000-$13,000 where we will buy again.
Once we dump to $12-13k people will call for a...
If you haven’t put your life savings into bitcoin already, time is running out.
DOUBLE BOTTOM REVERSAL.
The run to $16,000 will start as soon as we break $10,500.
Expect a HUGE candle once we break $10,500. All shorters will be liquidated.