BitcoinLong
Technicals are good, we are just missing one more thing... (BTC)
hello everyone
Today I'm back with an new idea. BTC is back in an positive momentum, let's get straight into the technicals.
1) So the first thing that caught my eye was that the situation back in April was very similar with the situation at this moment. We see a lot of 'history repeating itself' in this market. If that's the case, it's just a matter of time when a big institution is coming in so we can go up a thousand in one day, just like we did back in April. After that moment, the rest is going to follow.
2) Number 2 is about the flag pattern. We can see clearly that the lows are getting higher and the highs are getting lower. That means that volatility is going down + a flag can be created. (A flag is a very bullish pattern in technical analysis).
3) a clear head and shoulders pattern. (very bullish aswell)
Despite the fact that I'm incredibly bullish on BTC (long term), I'm going to wait with a new trade because the volume is still going down. Volume has to increase before we can speak about a bullish market again. The volume will increase massively when ETF are coming out, I look forward to that. I set a new order on 7.2K.
(this is no financial advice)
comment your thougts
Today I'm back with an new idea. BTC is back in an positive momentum, let's get straight into the technicals.
1) So the first thing that caught my eye was that the situation back in April was very similar with the situation at this moment. We see a lot of 'history repeating itself' in this market. If that's the case, it's just a matter of time when a big institution is coming in so we can go up a thousand in one day, just like we did back in April. After that moment, the rest is going to follow.
2) Number 2 is about the flag pattern. We can see clearly that the lows are getting higher and the highs are getting lower. That means that volatility is going down + a flag can be created. (A flag is a very bullish pattern in technical analysis).
3) a clear head and shoulders pattern. (very bullish aswell)
Despite the fact that I'm incredibly bullish on BTC (long term), I'm going to wait with a new trade because the volume is still going down. Volume has to increase before we can speak about a bullish market again. The volume will increase massively when ETF are coming out, I look forward to that. I set a new order on 7.2K.
(this is no financial advice)
comment your thougts
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