My bitcoin prediction was nearly perfect.
We did get the ascending triangle formation just as I had spotted on the 1 day chart in my original analysis, and now we are ready to break early into the triangle and tackle the horrible resistance which has been making your "bought at 19k" life a misery.
No fear my friends, short term gains are here.
I will keep this short.
-We have triple topped in the same place on the upper half of the fib extension. (if we break be ready to take profits at 8.9k then 9.4k range).
-We are touching the BTC resistance that I mentioned in my brief intro, breaking this will unleash some bullish action.
-ASCENDING TRIANGLE, that I mentioned a few days ago in my long term analysis. Breaking out of this slightly early will also add some extra zest to the bull run.
My advice is to take profits where you can on this run thinking about the logical places in your fib extension, on a long term scale I have seen some good analysis that insinuates us going back into the bear market in a couple weeks time. This volatility is not for the weak handed- and not for the inexperienced so trade carefully.
I'm not a financial advisor and nothing I say is a fact, any losses made through these decisions don't hold me accountable.
If you liked this short post, be sure to follow and like.
Xander~
We did get the ascending triangle formation just as I had spotted on the 1 day chart in my original analysis, and now we are ready to break early into the triangle and tackle the horrible resistance which has been making your "bought at 19k" life a misery.
No fear my friends, short term gains are here.
I will keep this short.
-We have triple topped in the same place on the upper half of the fib extension. (if we break be ready to take profits at 8.9k then 9.4k range).
-We are touching the BTC resistance that I mentioned in my brief intro, breaking this will unleash some bullish action.
-ASCENDING TRIANGLE, that I mentioned a few days ago in my long term analysis. Breaking out of this slightly early will also add some extra zest to the bull run.
My advice is to take profits where you can on this run thinking about the logical places in your fib extension, on a long term scale I have seen some good analysis that insinuates us going back into the bear market in a couple weeks time. This volatility is not for the weak handed- and not for the inexperienced so trade carefully.
I'm not a financial advisor and nothing I say is a fact, any losses made through these decisions don't hold me accountable.
If you liked this short post, be sure to follow and like.
Xander~
Note
This is short term, not a "short" in investment sense. :)Note
I made a mistake in the title!
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.
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.