First TA: Possible Bitcoin Bull-run Scenario
First off, this is my first published TA.
I am aware of the "Clutter", but wanted to show the long term, intermediate, and short term trends, as well as major areas of resistance.
I believe the turning point will be around the confluence of the intermediate and short term trend lines. 08/19 - 09/02.
A possible reversal can happen in this area if BTC maintains the upper trend lines and continues upward momentum.
Once we have breached the previous double top and confirmed the trend, institutional money will begin to flow into the space and carry us into another bull-run. From there, the sky is the limit.
-Feel free to critique my work, any constructive criticism is welcomed.
Thank you and good luck in your trades!
-Achilles
I am aware of the "Clutter", but wanted to show the long term, intermediate, and short term trends, as well as major areas of resistance.
I believe the turning point will be around the confluence of the intermediate and short term trend lines. 08/19 - 09/02.
A possible reversal can happen in this area if BTC maintains the upper trend lines and continues upward momentum.
Once we have breached the previous double top and confirmed the trend, institutional money will begin to flow into the space and carry us into another bull-run. From there, the sky is the limit.
-Feel free to critique my work, any constructive criticism is welcomed.
Thank you and good luck in your trades!
-Achilles
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