Bitcoin Transactions have increased in last couple days, which should indicate a spike in short term price. Drawing Trendlines on Bitcoin Chart, we obviously have a short term Rising Wedge pattern. It seems we dipped below/sideways, and now have the bottom trendline to contend with as the new resistance.
So is this last wave just a Bull Trap? Are we destined to go up just enough before correcting?? Or will this wave take us a good distance upwards, validating the Golden Cross of the MA50 over the MA100??
*This will be the FIRST Time I have gone against what the Transactions have told me.
We will see.
So is this last wave just a Bull Trap? Are we destined to go up just enough before correcting?? Or will this wave take us a good distance upwards, validating the Golden Cross of the MA50 over the MA100??
*This will be the FIRST Time I have gone against what the Transactions have told me.
We will see.
Trade closed: target reached
Scary how accurate that was..s3.tradingview.com/snapshots/r/r7x9LC93.png
Note
Price has broken down and entered into red box, as predicted.s3.tradingview.com/snapshots/r/r7x9LC93.png
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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.
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.