Bitcoin-usd
BTC Anticipation!! 11k or 8k??We see BTC trading in an ascending triangle. Very Bullish seeing that its been a slow and stead climb to the EPIC 10k resistance. As most of us know, a parabolic positive move into resistance typically will follow by a dump. BTC has been climbing since the massive sell off to the Mid-Low 3ks. While respecting the Diagonal support and 10k resistance there has been plenty of fakeouts in both directions but ultimately in the days that followed, keeps moving closer to that 10k. I think it'll break the 10k resistance since it's tested it multiple times. If so we can expect a push to 10.5k then 11k followed by a correction and hopefully up to the 14k resistance zone.
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Comment 11k or 8k !! I'd like to see what the community thinks.
This is not Financial advice.
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BITCOIN tormenting us🥴 Hey, friends!🕊
Until Bitcoin didn't made a strong movement, I wanna show you a possible forecast.
On the chart we can see two channels. You have an opportunity to compare them. 🧐
✍🏻What can you say looking at the chart? What is your vision of this situation? Write me any thoughts🙌🏻
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Bitcoin holding 20 week MA at 8,000 USD. LongBitcoin 20 week ma is at 8,000 USD. We should come back down to 20 week ma in the near future and test it. If we can hold then we are in for another uptrend. If we break back below. Look for 200 week ma. The corona virus drew bitcoin down to the 300 week ma on a capitulation wick but has since rebounded nicely.
WINTER IS COMING FOR ECONOMY, WE HAVEN'T SEEN NOTHING YET.We are about to witness a creepy sell off on stocks and derivatives, economy is going on a free fall globally talking and COVID-19 has not created this, COVID-19 was just the needle that pops the BUBBLE.
1000 trillions in derivatives will be exposed and wiped out, just saying.
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A NICE BOOK TITLE CAN BE NAMED ''The monster that FIAT has created''
Big triangle bitcoin schema to first quartal 2021If the trend of more triangles continues, the bitcoin chart may become to big one triangle from end 2017 to first quartal 2021.
It will end about 6 000 $ .
If the forecast will be right, will be advantageous short position with small leverage (to 2.5x). Lately long and this will repeated several times
BTC/USD LONG TRADEHI guys
-Due to the collision with the middle line of the canal, the probability of a high return and, of course, the price has reached 0.5 Fibonacci, and its first target is currently 6100.
-Due to the growing population of people with corona and the world's economic inflation, the likelihood of a Bitcoin crash increases.
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Setting up for BITCOINS next move.Bitcoin is currently at a critical point, waiting to make a break in either direction.
LONG - when the price pushes up above the resistance zone. Look for retest and candle analysis upon entry. 7600 target.
SHORT - wait for break in trend. Look for entries in resistance zone. 5950 target.