BTC - A lot going on in this chart
Updated
There is a lot going on in this daily chart. The price has bounced off the 140 day moving average (20 week MA) as well as put in a green engulfing bullish candle. If this is a 5 Wave move North wave 2 came down perfectly to bounce off the 78.6 Fib which is very common for wave 2. If all of this is indicating a bullish move the price could easily meet or exceed 
14K before all 5 waves are complete. If we get one or more daily closes below the orange moving average then all of this is invalidated as it throws cold water on everything I just discussed. Good luck!
Still long :0)
BBS Out.
14K before all 5 waves are complete. If we get one or more daily closes below the orange moving average then all of this is invalidated as it throws cold water on everything I just discussed. Good luck!Still long :0)
BBS Out.
Trade active
I bought another tenth just over 112K to let the Bears know I don't give a flip. Not that I didn't buy more at better prices, but more to make a statement.Bitcoin will reach its destiny with or without them. I plan on converting far more fiat into BTC going forward.
If muli-billion dollar corporations can make BTC part of their cash reserves then WTF are the rest of you worrying about?
Good luck out there. Find your conviction fast. You're either in or out on this next bull run.
Trade active
I guess they got the message. What do you think?Trade active
Yeah I think they got the message.......Trade active
Push the play button above. I think we've hit the top of 3 very nicely.Comment
Hit the play button again. That looks pretty good. :0)Trade closed: target reached
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.