Climb to ath levels approaching
Updated
Bitcoin is looking stronger then ever! We will soon see an explosive move above $14400, at which point bitcoin will continue to rally and eventually set a New ATH!!! just in time for Christmas! YAYE! its going to be a happy new year!
Currently, price is in an upward channel and hitting a weee bit of resistance. DON'T PANIC! price is also Above the the 4hr60MA , which tells us that price will for sure break threw this resistance band and at least knock on the resistance line of larger the wedge pattern. at this point price will likely pull back a little, however the resistance band will now be support, and will squeeze price into a very tight trading range where it will built up energy for its explosive move out!
I hope this information can be us full to you!
thank you!
Currently, price is in an upward channel and hitting a weee bit of resistance. DON'T PANIC! price is also Above the the 4hr60MA , which tells us that price will for sure break threw this resistance band and at least knock on the resistance line of larger the wedge pattern. at this point price will likely pull back a little, however the resistance band will now be support, and will squeeze price into a very tight trading range where it will built up energy for its explosive move out!
I hope this information can be us full to you!
thank you!
Note
well, the channel didn't hold even tho we broke above the 4hr60MA, a fake-out?? how weird! what if the fake-out was fake! and the real fake-out was the recent drop is just a bear trap, if that is the case I suspect we'll milk it a while longer and "hover on the edge of disaster" for a little longer, before attacking the 4hr60MA once more.
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.