Oh Snap! I just became a "Crypto" Technical Analysis by watching YouTube videos! Totally kidding! π€£
So earlier today, I decided to jump on trading view and look at the Bitcoin charts and mess around making some triangles all over the place.
I'm not a professional or anything like that but I do know the "TA Basics" from my Stock Trading days. π
It looks as if we are in a Symmetrical Triangle (Drawn Above) and I expect a huge "Breakout" that is coming pretty soon.
These "Breakouts" usually come around at 70% of the" Triangle" and with decreasing volume, something big is about to happen pretty soon!
The questions is which way? It's anyone's guess. π€·ββοΈ
The chart seems pretty bullish to me and I expect when we break somewhere over $8200+ (and hold), we can see Bitcoin going as high into the deep $9000's. πββοΈ
Before you get all giddy and happy! I do however expect a 30% to 40% correction to happen in the near future.
Bitcoin is known to do that all the time! π²
If we get rejected from the $8200 mark once again and fall below $7800 instead, we can expect it to drop pretty hard to the $6000's level. OH SHIT! π€£
Please do not take my advice, I'm not a financial advisor! I'm just looking at the charts to see the what "probabilities" can happen from here.
If you are a "HODLer" for the long term (2-5) years... anything under $10,000 is a freaking deal in my opinion. π¬
So there you have it. My simple "Technical Analysis" for dummies like myself haha. Most people think it's bullshit (I do also at times) but it can be a tool to use in helping you make some good decisions when buying and selling cryptos.
Keep On STACKIN! π
~ Charles Fuchs
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In time this will all be a blur as the zeros are added.
Many years from now, we will look back and say damn that was cheap lol
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I feel when BTC go up 9000 $ ... then it also start make steem go lot up and we can also get steem back up 1 $ . this summer will be very interesting.
Hope thats a good guess!! :)
We see :)
I thinkinβ during the summer months, the markets might feel some pain and ramp up during the winter months but who knows π€·πΌββοΈπ
We see :))
Regardless, these surges are always fun to see
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Crypto peeps sure love volatility π¬
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This is gonna be exciting lets wait and hope for alts to pick up the pace too
Maybe, I like these alts cheaper tho lol
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Does look like a move soon and considering the lower volume, will need to watch below! However, Litecoin may given it a bump hogjer the way that is looking!
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Iβm watching the charts heavily the next few days π¬
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Nice, I like it! To me it just feels like it is a BTC coil ready to spring! But yeah going to still be happy if we get the corrections too, just gives me more time to collect!
Totally right! Which ever way it goes, Iβm prepared π
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Not sure where the hell the 9% gain came from but it was a very quick order as always. Must be some huge whales to be able to instantly increase or decrease the value of bitcoin by 9% in 15 minutes or less...
WOW! Na man, I got inside info ππππ
Good TA, Im also thinking the same that we should drop in price. I would like to finally get a clear bitcoin trade instead of always breaking even every god dam time and actually increase the btc I have hahahahaha.
Patience... and yeh man, dam, I'm buying bitcoin even when its at 10k usd, no problem!
This 2 month run of bitcoin has been nuts, I wouldβt expect to happen so fast.
I also heard the main run up was caused by tether printing 1 billion usdt since April 1st π€¨π€£
Just remember Bitcoin failed to work on technical analysis ππ from the Past few months it's price has been pumping & dumping based on the certain news ππ
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TAβs are just probabilities π€£... an educated guess lol
π π π
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ππΌππΌππΌ
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I can see STEEM making you RICH !!
Only need a million steem haha
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At Least....
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Looks like the breakout is really here
https://coingecko.com/en/coins/bitcoin
π
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Omg yes!!!! I wish the same for all other crypto and out beloved Steem! Iβve been reading a lot of negativity about the future for a platform and Iβm like shut up LOL
Crypto is the future, the present and all thatβs good financially! Hugs friend and tons of love your way!πππ
hahaha dude you made a quite accurate description looking into retrospect!
Pretty good huh πππ
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Wow...It's like watching a storm gather...
How many here think this is a HUGE upcoming bull trap?...
I think we launch to at least 9.4k in the coming weeks...
then plummet back to 4.5k area?...Lot's of money to be made either way...
Iβm thinking around the $6k zone, tons of support there. But anything can happen with crypto π¬
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π―
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Now is between we fall to 6,000 or 9,000 target for bitcoin.
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I have noticed that with the recent pump in Bitcoin that the price of most altcoins have started going up and dor that i decided to fill my portfolio with valuable altcoins and also do daily trading on Veil
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