BitcoinLong
BTC - ADDITION TO THE PREVIOUS CALL: BULLISH ASCENDING TRIANGLE
We are ~10% up since my previous call, and since so far the pattern works as expected, I want to zoom in from weakly chart to daily, to provide a more detailed view on how it goes.
As I said, it doesn't take long for every serious and experienced trader to spot all bullish signs that are on the table right now.
These patterns/signs are so big, that it is impossible to miss it because this is a third time in history when crypto has such conditions, and each time it was followed by a massive bull run.
Now, moving to the daily chart, BTC bounced from weekly EMA200 and the bottom of the triangle and continue to form an ascending triangle which is bullish during the uptrend .
Currently, the price moves toward 7000 (top of the small triangle on daily) and after that may retest low 6k to finish the pattern. After that, we should expect a breakout from 7000 and nearly straight move up to test the latest resistance at 9000-9100.
At that point, this particular call will be closed, and you can move back to the LARGER TIMEFRAME where we should wait to test 11000-11300.
If you listened to my previous call and loaded up at $5800, then when the price will hit that 11300, your position will be nearly doubled.
Stay tuned, and don't listen to whining bears. As louder they cry, as more convenient, you should be - they cry just because they realizing that they missed the train.
As I said, it doesn't take long for every serious and experienced trader to spot all bullish signs that are on the table right now.
These patterns/signs are so big, that it is impossible to miss it because this is a third time in history when crypto has such conditions, and each time it was followed by a massive bull run.
Now, moving to the daily chart, BTC bounced from weekly EMA200 and the bottom of the triangle and continue to form an ascending triangle which is bullish during the uptrend .
Currently, the price moves toward 7000 (top of the small triangle on daily) and after that may retest low 6k to finish the pattern. After that, we should expect a breakout from 7000 and nearly straight move up to test the latest resistance at 9000-9100.
At that point, this particular call will be closed, and you can move back to the LARGER TIMEFRAME where we should wait to test 11000-11300.
If you listened to my previous call and loaded up at $5800, then when the price will hit that 11300, your position will be nearly doubled.
Stay tuned, and don't listen to whining bears. As louder they cry, as more convenient, you should be - they cry just because they realizing that they missed the train.
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