BitcoinLong
Easy to make a long position at this point.
As we know, it's very hard to find the future movement of bitcoin. Feels like a scam when the price dramatically moves like 1000USD in few hours. But it's not a scam.
The chart sometimes gives us the answer. But can you see it?
When the whales buy stocks, futures, bitcoins, things like that, we can find out some traces and clues.
At this point, if BTC wants to break the converging trend, and go up, there have to be some traces.
As you can see on the chart, the purple trend line I drew, BTC needs to support that line.
I don't mean exactly the same trend line, but it needs an upward supporting trend line.
That is one of the significant traces of BTC skyrocket shooting in the future.
If the supporting trend line goes down or goes horizontal, the possibility of the higher price of bitcoin sharply drops.
The chart sometimes gives us the answer. But can you see it?
When the whales buy stocks, futures, bitcoins, things like that, we can find out some traces and clues.
At this point, if BTC wants to break the converging trend, and go up, there have to be some traces.
As you can see on the chart, the purple trend line I drew, BTC needs to support that line.
I don't mean exactly the same trend line, but it needs an upward supporting trend line.
That is one of the significant traces of BTC skyrocket shooting in the future.
If the supporting trend line goes down or goes horizontal, the possibility of the higher price of bitcoin sharply drops.
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