Bitcoin on the pullback before the rip?
Now I don't want to bore you with all my lines since I never remove atm for bitcoin. The reason I'm not removing my lines atm is because we havn't created anything special and pullbacks are very important to know when to buy. Atm bitcoin is topping out/sitting at a level that it has hit over 5 times and always resulted in a downward movement after hitting the high 19k peak in 2017/2018.
News
-Many major companies are looking at Eth to help build their business
-GreyScale keeps growing investors, yet price has been pretty stable and showing similar chart patterns to Bitcoin, yet It is slightly undervalue compared too bitcoin.
Ta
Instead of giving you range crap and I'll just say if we can't break this trend we won't see a 14k high anytime soon. A pullback range is from 10.5k-9.5k due to vpvr levels looking at the daily. Its major pullback, but hey you in crypto which there isn't alot of money holding up the price compared to stocks and even gold. I read somewhere its only couple 100million dollars, which may seem like alot, yet that 100million dollars is spread out deep in order books.
Final Thoughts
Like before buying a sub 9k bitcoin was prime and we havn't gone under 9k yet. I am fearful we might get close if we have that 9.5k pullback, but again like before and every other bitcoin TA I do we will hit a new ATH next year if we get the COVID vaccine this fall or q1 next year. COVID has taken a turn on the market, yet the market keeps rising as money left the market and theres jsut no one holding prices down besides the common investors trying to make money while they sit at home.
TDLR
A pullback between 10.5k-9.5k should be added to your chart/notification
News
-Many major companies are looking at Eth to help build their business
-GreyScale keeps growing investors, yet price has been pretty stable and showing similar chart patterns to Bitcoin, yet It is slightly undervalue compared too bitcoin.
Ta
Instead of giving you range crap and I'll just say if we can't break this trend we won't see a 14k high anytime soon. A pullback range is from 10.5k-9.5k due to vpvr levels looking at the daily. Its major pullback, but hey you in crypto which there isn't alot of money holding up the price compared to stocks and even gold. I read somewhere its only couple 100million dollars, which may seem like alot, yet that 100million dollars is spread out deep in order books.
Final Thoughts
Like before buying a sub 9k bitcoin was prime and we havn't gone under 9k yet. I am fearful we might get close if we have that 9.5k pullback, but again like before and every other bitcoin TA I do we will hit a new ATH next year if we get the COVID vaccine this fall or q1 next year. COVID has taken a turn on the market, yet the market keeps rising as money left the market and theres jsut no one holding prices down besides the common investors trying to make money while they sit at home.
TDLR
A pullback between 10.5k-9.5k should be added to your chart/notification
Related publications
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.