PnF Alludes to Bear Trap! This chart is not bearish!
I would be careful about going short!
Bitcoin is known to RECK shorts in a raging BULL...
GBTC
GBTC is leading the way.Breakout of the bullish channel and 3-year monthly close. 7% selloff yesterday to backtest breakout that looks successful!
You can't run Muh Straight Lines on Muh Log Chart...Says the fool who has NEVER logged a 20 year BTC CHART BEFORE!
2.272 is the key!
You can't contain BTC in traditional charting. This is all speculation. But because you curve your line and say it can't do this and that doesn't mean jack shit!
The Honey Badger gon' do what the Honey Badger does! MELT FACES!
Don't over complicate things! It can be really that simple...
In the words of Guns n Roses... All you need is a little PATIENCE.
GBTC closed above the highest monthly close ever!That is NOT bearish! Everyone wants a 25-30% dip!
I wouldn't bet on it with the current conditions.
The trend is your friend until the end.
My last post for a while!!!VERY IMPORTANT PUBLIC SERVICE ANNOUNCEMENT! "MUST WATCH!"
I am capitulating!
Swing Trading GBTC!!!
IT'S NOW 100% HODL!!!
The rug pull is next! Nothing goes up forever! Greed is kicking in! CitiBank News dump incoming!
Overleveraged longs will get shook...
I'm ALWAYS MACRO LONG SPOT! DCA / HODL!
Swing GBTC!
I never margin trade anything! The borrower is the slave to the lender!
Bitcoin BreakoutAll technical patterns point to a Bitcoin breakout going on a mega run. The breakout above the bullish pennant pattern seen in purple. The Cup and Handle pattern seen in sky blue. The upside down head and shoulders pattern seen with hand drawing. The Bollinger band squeeze and breakout looks very nice.
GBTCPlease understand this is for educational purposes only.
Seemed to form a reverse head and shoulder pattern.
50 and 150 EMA are trending upward
In stage 2 uptrend. (see Stan Weinstein Secrets for Profiting in Bull & Bear Markets)
First entry taken when broke out from August highs
Second entry when it broke out of a continuation pattern
Third entry, breakout from from July 2019 high
Bitcoin is on the move with media attention which seem like a repeat of 2018. When CNBC starts placing the Bitcoin ticker along with the
Dow, S&P and Nasdq; and the "talking heads" begin saying it's going to 100,000, then its time to scale out. LOL
Although I don't usually place targets for my trades, as I don't have that skill-set yet, I am looking at 1st Target 30.00; 2nd Target 40.00
I plan to ride this one until I get stopped out or the it begins to roll over.
2021 EOY outlook...Seeing some short term Bearish Divergence for consolidation, then tap ATH for Christmas.
Parabola pop Q1 30-40% correction then Moon!
Trade the Chart not your Emotions...95% of you need to STACK SATS and HODL! (This is a once in a lifetime opportunity to change you and your families life!) Don't whittle it away gambling.
If you're going to trade learn the technicals, risk management, etc. and stick to the facts in the charts, emotions are a money killer!
May have been early on the top call for this leg...The weekly looks like it wants to go one more round "No further than the 21st".
Set up a weekly higher high on the RSI.
Come back and close 12.5k out and close the year at 18k.
Goodnight! Stab to 16.2 then build a 2-week falling wedge to end 2020 with a break of the old ATH... 2021 Q1 Pullback, Happy Thanksgiving, Merry Christmas, and Happy New Year... Trump will still be the President of the USA and you can take that to the bank, The world's biggest election fraud sting and uncovering of evil has commenced!
DIPS ARE FOR BUYING! Don't have regrets!
3rd highest weekly close in Bitcoin's HistoryExpecting a pullback this week then commence climb... ALWAYS MACRO LONG BTC!
GBTC a WINNER For your IRAFun party trick. Calculate the lifetime monthly average rate of return for GBTC. Post in comments.
