BULLS SHOW BEARS WHO'S THE BOSS IN THIS GAME - CryptoManiac101
Updated
It has been for a while since we have seen such strong movement with massive bullish signals showing on daily Bitcoin chart. For this trade we can concentrate on using Stock RSI together with MACD as they will show most of basic investors what to wish for in future weeks.
At time of writing this we are right near wedge breakout area which should be broken shortly if bulls stand their ground.
Overall we expect breakout of this upward channel right as ETF decision is accepted. For this skeptics who think that government will prevent it from being approved, go back in history and read up on blockchain and cryptocurrency... Don't think that they came from nowhere and were designed by a single person from Asia... Let's be real here for a minute
With that said do not take this chart as sure thing that we will moon. NO, this is cryptocurrency market, which means that anything can happen.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Below is my previous chart
At time of writing this we are right near wedge breakout area which should be broken shortly if bulls stand their ground.
Overall we expect breakout of this upward channel right as ETF decision is accepted. For this skeptics who think that government will prevent it from being approved, go back in history and read up on blockchain and cryptocurrency... Don't think that they came from nowhere and were designed by a single person from Asia... Let's be real here for a minute
With that said do not take this chart as sure thing that we will moon. NO, this is cryptocurrency market, which means that anything can happen.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Below is my previous chart
Trade active
Note
Will we break that $8,000 level?Note
We broke $8,000!!!!!!Note
Watch for alts, get in now, lowest prices everNote
Guys, smash that LIKE button on this chart for support! It really helps us! :)Note
Correction as was seen on STOCH RSINote
Look for support around $7,700 areaNote
Bitcoin ETF release delaycoindesk.com/sec-delays-decision-on-direxions-bitcoin-etfs-until-september/
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Bull are not giving upNote
SMASH A LIKE PLEASE FOR SUPPORTTrade active
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I would say we need sideways movement for a bitNote
MACD indicates movement to continue upward while RSI looks to be slightly overbought but still has room for movementTrade active
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Looks like price wants to continue on moving upwardNote
Expect today combination of sideways with upward movement. We have new short term trend line which indicates bullish sentiment in market.Note
50,000 - 75,000 is still my current prediction by February if ETF is approvedAlts can bring in even more profit if you invest in top 100 of them for safer trade
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Here's quick chart update on our targetsExpect huge resistance levels at $9,500 - $10,000
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We ourselves are currently in Cardano for our public portfolio. Track our live results here goo.gl/YZxjKyNote
Expect much more volatility with sideways movement. We will see great movement in alts during that period, eventually syncing in with Bitcoin uptrend towards end bull cycle which may continue for just 1 week or upwards of 52 weeks. Since we are talking about cryptocurrency I would say that most we can anticipate for firm bull run is around few month of slow growth with slight angle increase turning unto parabolic bullNote
LIKE THIS CHART FOR SUPPORT PLSNote
Don't panic sell guys, this is merely a correction after resistance levels hit yesterday.
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