NEXT STEP FOR BITCOIN
Updated
Hello trading view bitcoiners !!!
What a dive ! If you are like me, you kept yours hands on the stearing and watch. I was able to bonify my BTC holding from stablecoin and increase my satoshi by 40% hopefully. Could have been better, but let's not be too greedy like I learned over the past years with the best of the west like EXCAVO, @MarkPmarket, Botj11 and many good others...
Just sharing ideas here again, this is not trading advise....what will be the next step ? Bitcoin dive with a high volatility base on Bolinger band and on 4H chart is now entering a chanel, just like in October 2019 ! See the similarities !! After Ocober 2019, we enter a consolidation and cumulation phase. This is what hapen with the DMI bears spike I circle...
Therefore, before the halving, we should have a cumulation phase, an important one. That means we will be in a trading range, not trending at all.
But going further down like show below, would be a gig surprise for me...RIS is at the bottom, but we never know.
Should we go up, the new important resistant base on volume range, might looks like 6400 and 8000 after....
And important event will happen : Halving of may2020 and this will be a game changer for BTC , considering stock2flow theory and scarcity that will create new demand !!!
Let's whatch what BTC will take as direction
What a dive ! If you are like me, you kept yours hands on the stearing and watch. I was able to bonify my BTC holding from stablecoin and increase my satoshi by 40% hopefully. Could have been better, but let's not be too greedy like I learned over the past years with the best of the west like EXCAVO, @MarkPmarket, Botj11 and many good others...
Just sharing ideas here again, this is not trading advise....what will be the next step ? Bitcoin dive with a high volatility base on Bolinger band and on 4H chart is now entering a chanel, just like in October 2019 ! See the similarities !! After Ocober 2019, we enter a consolidation and cumulation phase. This is what hapen with the DMI bears spike I circle...
Therefore, before the halving, we should have a cumulation phase, an important one. That means we will be in a trading range, not trending at all.
But going further down like show below, would be a gig surprise for me...RIS is at the bottom, but we never know.
Should we go up, the new important resistant base on volume range, might looks like 6400 and 8000 after....
And important event will happen : Halving of may2020 and this will be a game changer for BTC , considering stock2flow theory and scarcity that will create new demand !!!
Let's whatch what BTC will take as direction
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Welll Next stop looks to be lower !!! Trand is bearish, so we need to be patient ! BTC will always rebonce you know why ? Because there is money to be make and where is money, there will be always people and investors !
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