BitcoinLong
Clear bullish trend and signs
Updated
Although we could see a draw back to arnd 65k support, btc will see ATH's soon. I predict the end of this bullish cycle arnd 105-115k.
Cup&handle formed.
No advice, just my believe/interpretation.
Due to the power of big players we could see manufactured dips, I'll consider these as false.
Cup&handle formed.
No advice, just my believe/interpretation.
Due to the power of big players we could see manufactured dips, I'll consider these as false.
Trade active
Be aware! Around 105k, cup&handle fullfilled amd we will touch the rising trendline; probably we will see a substantial correction to around 75 support
no advice, just my idea... good luck!
NOTE: with the positive sentiments around more appreciation of btc in the upcoming Trump-era we could see a surpassing of the resistance levels and a further rise to 130k area. The correction / backtest tot 75k area will happen anyway later and steeper then.
Trade closed manually
Looking at the clear trend channel I expect 'the battle of 100k' and I wouldn't be surprised if whales will force a breakthrough 100 up to 105-115k and create a false bullish break.
A quick down to around 75k and depending of the global developments on sentiment - wars, markets, Trump etc - an even quicker recovery to a high above the 105-115k.
I closed my trades for now, and i'm neither betting on up or down now.... wait and see, being patient. Good luck!
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