BitcoinLong
Bitcoin Trendlines and Weekends
There many trendlines that you can follow this bull run for me its this one , it has by far the most interesting confluence points and it starts with the run breaking previous ATH.
What I have noticed is that this trendline is a catalyst for momentum and more importantly it seems to happen on weekends. Whenever we bounce off this trendline on a weekend we trigger massive momentum for the upcoming week and follow through in that direction , so far there has never been a reversal on a weekend or the week following on this trendline.
As of this morning price again bounced off this trendline just like the other 4 times this bull run so its repeated exactly same pattern , the only thing that is missing here is volume we have been contracting massively on volume.
I think the next move for bitcoin will be massive sort of like the candle we had February 8/9th and break through 59k resistance next 7days possibly.
What I have noticed is that this trendline is a catalyst for momentum and more importantly it seems to happen on weekends. Whenever we bounce off this trendline on a weekend we trigger massive momentum for the upcoming week and follow through in that direction , so far there has never been a reversal on a weekend or the week following on this trendline.
As of this morning price again bounced off this trendline just like the other 4 times this bull run so its repeated exactly same pattern , the only thing that is missing here is volume we have been contracting massively on volume.
I think the next move for bitcoin will be massive sort of like the candle we had February 8/9th and break through 59k resistance next 7days possibly.
t.me/+8CRZJqXrjwU4ODA0 re-launched telegram group , it is free , just place to chillout talk about crypto bull market , will be posting trades live randomly
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.