GOOD NEWS! GET READY TO BUY BITCOIN!
Hi guys.
So if you have read my previous idea, i mentioned that the correction wasn't over. Right now , we are seeing a consolidation of the
BTC price. It's been fluctuating just around the 10-12K price channel. I previously predicted that we all see an upshoot starting mid Feb. Before this has to happen, one common pattern you can see before a bullish run is what we call a BOLLINGER CONSTRICTION.
We have seen this somewhere around NOV.
Looking at the chart now, 2 things IMHO can happen.
1. As I mentioned before, the price will fluctuate within the RED and GREEN lines I have placed there in the chart but will start to go on a bull run at the point where the two lines meet. (Mid Feb)
2. OR, we may see a narrowing of the BTC price range (Bollinger constriction), this may last for a week or two, then a major upshoot in price will follow.
In any of the cases, I am personally expecting a major uptrend in mid Feb. So my point here is be ready to buy some more bitcoin! any Price below 12K isn't a bad deal. If it reaches below 11K, go for it! If you are that meticulous with position entry, I do believe there will be instances the price will go to the 10K range on certain days. But in any case, if we are expecting a break of the previous 20K all time high, either of these position entries will still be a win
Cheers to a 2018 Bull run for crypto!
Vince
So if you have read my previous idea, i mentioned that the correction wasn't over. Right now , we are seeing a consolidation of the
BTC price. It's been fluctuating just around the 10-12K price channel. I previously predicted that we all see an upshoot starting mid Feb. Before this has to happen, one common pattern you can see before a bullish run is what we call a BOLLINGER CONSTRICTION.
We have seen this somewhere around NOV.
Looking at the chart now, 2 things IMHO can happen.
1. As I mentioned before, the price will fluctuate within the RED and GREEN lines I have placed there in the chart but will start to go on a bull run at the point where the two lines meet. (Mid Feb)
2. OR, we may see a narrowing of the BTC price range (Bollinger constriction), this may last for a week or two, then a major upshoot in price will follow.
In any of the cases, I am personally expecting a major uptrend in mid Feb. So my point here is be ready to buy some more bitcoin! any Price below 12K isn't a bad deal. If it reaches below 11K, go for it! If you are that meticulous with position entry, I do believe there will be instances the price will go to the 10K range on certain days. But in any case, if we are expecting a break of the previous 20K all time high, either of these position entries will still be a win
Cheers to a 2018 Bull run for crypto!
Vince
Note
Ok, so we are not seeing a constriction but instead a price fluctuation. The price of BTC has just touched that very important green line. From here on it's a bit of a gamble. Prices can go below that line but i personally have just bought BTC as of this moment. It was around 10K. keeping my fingers crossed that this will withstand the bear market. As long as it keeps hugging the green line, I am expecting for it to shoot up within mid Feb. Its not yet too late to buy guys. Vince
Trade closed: target reached
Just like my previous idea. Get ready to buy bitcoin guys! Kudos if u managed to buy at sub 10K prices.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.