BitcoinLong
Bitcoin Bull case
Hello guys,
I would like to share this bull case scenario for BTC USD:
Everybody on the internet is speaking about a possible inverted head&shoulder on BTC USD pattern, but what I currently see right now is the accomplishing of a pretty much nice and well drawn bull flag, which I reported on the graph.
As the price is currently compressing and attempting to breakout, we are experiencing some heavy turbulence and spikes (up and down) due to the titanic war between bulls and bears.
If the pattern should be confirmed, the only real obstacle I see on the upside is the 3.200 USD resistance, which is the value we have been rejected on the 24th of December.
Of course in case of upside breakout, you can put all the take profit you want around the final leg of the pattern.
No financial advise, and watch out: this market can be successfully managed just and only by crypto veterans.
Stay greedy, stay bullish.
Cheers,
Vito
I would like to share this bull case scenario for BTC USD:
Everybody on the internet is speaking about a possible inverted head&shoulder on BTC USD pattern, but what I currently see right now is the accomplishing of a pretty much nice and well drawn bull flag, which I reported on the graph.
As the price is currently compressing and attempting to breakout, we are experiencing some heavy turbulence and spikes (up and down) due to the titanic war between bulls and bears.
If the pattern should be confirmed, the only real obstacle I see on the upside is the 3.200 USD resistance, which is the value we have been rejected on the 24th of December.
Of course in case of upside breakout, you can put all the take profit you want around the final leg of the pattern.
No financial advise, and watch out: this market can be successfully managed just and only by crypto veterans.
Stay greedy, stay bullish.
Cheers,
Vito
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.