BitcoinLong
Is BTC your cup of Tea? or you hanging upside down?
Ladies and Gentlemen, trading isn't for the weak (like myself), however, there will be a big light at the end of the tunnel.
Like me explain it in laymen's terms!
We didn't break the important $10,500, this being the case we had a larger correction then most people expected. Now are searching for new support.
Here is what I'm thinking.
Cup and Handle - If we can range between $8,700 - $8,350 for the next week or so we could start to build the handle allowing with consolidation and volume to allow a further move up.
Inverse Head & Shoulders - If the $8,700 - $8,350 range fails, well then we could be heading to $7,800 - $7,200 range where we could see a large bounce heading towards $10,400 - $10,200 range which should be resistance in late May - April.
As much as people want to believe this correction is due to a virus or the stock market its not. Everything is playing out perfectly so please sit back relax.
Follow me on this journey!
*This is not financial advice*
Like me explain it in laymen's terms!
We didn't break the important $10,500, this being the case we had a larger correction then most people expected. Now are searching for new support.
Here is what I'm thinking.
Cup and Handle - If we can range between $8,700 - $8,350 for the next week or so we could start to build the handle allowing with consolidation and volume to allow a further move up.
Inverse Head & Shoulders - If the $8,700 - $8,350 range fails, well then we could be heading to $7,800 - $7,200 range where we could see a large bounce heading towards $10,400 - $10,200 range which should be resistance in late May - April.
As much as people want to believe this correction is due to a virus or the stock market its not. Everything is playing out perfectly so please sit back relax.
Follow me on this journey!
*This is not financial advice*
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.
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.