Greetings fellow traders!
If your way of Technical Analysis is strong...
Then the path will show you its way...
(*Asian sound effects*)
Short-Term & Mid-Term:
Well, don't be surprised guys. This, is, CRYPTO!!!! Bear pattern evolved into a bull pattern in matter of days, a so called Falling Wedge has emerged. Which has a high probability of breaking out bullish. Do take into consideration that there is still room for a bigger correction. Although this does not have to happen. 30% correction since most recent highest high. Besides that, it's been going sideways for bit more than a week now. Which is a good thing. Hence we can eliminate speculations of bitcoin being in a bubble. For now, let's hope candles keep closing above support. Eventually breaking out of this bull pattern. Finally see a bullish continuation.
Long-Term:
Currently seeing a symmetrical triangle forming. However, we need to see the upcoming daily candles closing above the estimated support for confirmations. For a bullish breakout we need to see candles closing significantly above the resistance. As far as I know, the bull market started a while ago, since the last halving. Overall still bullish and waiting for the long term correction and pattern to emerge.
Current approximate target 2021: 250K USD. See previous publishes for more information.
If you have any questions, do not hesitate to leave a comment.
Good luck, be careful and may the trend gods be with you!
If your way of Technical Analysis is strong...
Then the path will show you its way...
(*Asian sound effects*)
Short-Term & Mid-Term:
Well, don't be surprised guys. This, is, CRYPTO!!!! Bear pattern evolved into a bull pattern in matter of days, a so called Falling Wedge has emerged. Which has a high probability of breaking out bullish. Do take into consideration that there is still room for a bigger correction. Although this does not have to happen. 30% correction since most recent highest high. Besides that, it's been going sideways for bit more than a week now. Which is a good thing. Hence we can eliminate speculations of bitcoin being in a bubble. For now, let's hope candles keep closing above support. Eventually breaking out of this bull pattern. Finally see a bullish continuation.
Long-Term:
Currently seeing a symmetrical triangle forming. However, we need to see the upcoming daily candles closing above the estimated support for confirmations. For a bullish breakout we need to see candles closing significantly above the resistance. As far as I know, the bull market started a while ago, since the last halving. Overall still bullish and waiting for the long term correction and pattern to emerge.
Current approximate target 2021: 250K USD. See previous publishes for more information.
If you have any questions, do not hesitate to leave a comment.
Good luck, be careful and may the trend gods be with you!
