BitcoinLong
Bitcoin Triangle Trading Pattern Emerging Long Term
As we have retraced so far how much further do you think this will go who knows i believe the bottom
was going to be $7600 and my ultimate bearish was set for $7200 maximum, if you look at the charts
you can see some one has sold a lot of BTC and bought back in possibly waiting to see if we bounce
from this point but there was a massive spike in volume..
This is a trend i have been looking at for a long time lets see how it plays out i know it goes along way
back especially on the red resistance line but the more data we get the better we can see if we spot
any thing during the course of this playing out i will keep the post up to date as i always do.
I notice we have a MACD crossover and not far off oversold let's see how this plays out hoping
for a retest at the top of the triangle trend over the weekend..I will keep this updates thanks..
I do believe we will see some bullish momentum soon with the price being so low but im not sure when
and how much i do not believe that was a healthy retracement and was once again forced out of a trend
possibly to install fear and hit peoples sell points..
Time will tell i do honestly believe we will see a EMA crossover again closer to the weekend or if we
retrace sooner and people start to buy back in then i think it could recover sooner, remember people
are ladder buying and people who sold at 10k will be looking for somewhere to buy back in..There
just waiting for the right price.
This might look drastic but i believe it is short term..
was going to be $7600 and my ultimate bearish was set for $7200 maximum, if you look at the charts
you can see some one has sold a lot of BTC and bought back in possibly waiting to see if we bounce
from this point but there was a massive spike in volume..
This is a trend i have been looking at for a long time lets see how it plays out i know it goes along way
back especially on the red resistance line but the more data we get the better we can see if we spot
any thing during the course of this playing out i will keep the post up to date as i always do.
I notice we have a MACD crossover and not far off oversold let's see how this plays out hoping
for a retest at the top of the triangle trend over the weekend..I will keep this updates thanks..
I do believe we will see some bullish momentum soon with the price being so low but im not sure when
and how much i do not believe that was a healthy retracement and was once again forced out of a trend
possibly to install fear and hit peoples sell points..
Time will tell i do honestly believe we will see a EMA crossover again closer to the weekend or if we
retrace sooner and people start to buy back in then i think it could recover sooner, remember people
are ladder buying and people who sold at 10k will be looking for somewhere to buy back in..There
just waiting for the right price.
This might look drastic but i believe it is short term..
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