BITCOIN PUMPING - New swing high!
Hey there,
Soooooo, well.
Guess we can negate the bearish/healthy scenario for now as we see Bitcoin pumping over its
prior high for 2020 and even wicking above the last swing high on Bitstamp to
create a new swing high.
This is quite a huge factor and once more signals the strength and deeper bullish
bias of this ralley. This also could now be further confirmation, that we see the start
of a strong bullmarket later this year and going into 2021.
Reaching above 14k could still be some sort of a challenge, since I do think that
11k will be of some resistance where price will a least need to consolidate imo.
Of course Bitcoin can go too ATH the next month, I do not doubt that, but it is not
the most likely scenario imo. Not a lot has changed besides that I am now looking
for scenario A to play out over the next days.
We have a daily 7 on the TI Sequential, so we will get a 9 the day after tomorrow,
maybe coinciding with a top at channel resistance and 11k.
Look at prior posts for clearance.
Check me out on
YouTube: Enlightened Trading
and Instagram: enlightened_trading_
so you don't miss out on key information and trading oportunities.
Cheers,
Konrad
Soooooo, well.
Guess we can negate the bearish/healthy scenario for now as we see Bitcoin pumping over its
prior high for 2020 and even wicking above the last swing high on Bitstamp to
create a new swing high.
This is quite a huge factor and once more signals the strength and deeper bullish
bias of this ralley. This also could now be further confirmation, that we see the start
of a strong bullmarket later this year and going into 2021.
Reaching above 14k could still be some sort of a challenge, since I do think that
11k will be of some resistance where price will a least need to consolidate imo.
Of course Bitcoin can go too ATH the next month, I do not doubt that, but it is not
the most likely scenario imo. Not a lot has changed besides that I am now looking
for scenario A to play out over the next days.
We have a daily 7 on the TI Sequential, so we will get a 9 the day after tomorrow,
maybe coinciding with a top at channel resistance and 11k.
Look at prior posts for clearance.
Check me out on
YouTube: Enlightened Trading
and Instagram: enlightened_trading_
so you don't miss out on key information and trading oportunities.
Cheers,
Konrad
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