ביטקויןלונג
Bitcoin - All you need to know
Kudos to PRO_Indicators, MPC, DarkEnergy and others who have helped me in how I study charts and patterns.
Bitcoin is a bullish beast that few understand, but with proper TA, it can be tamed. Impending moving average convergence and divergences may predict major moves and help you get into the right position before hand, but BTC moves so quickly that acting after the fact will lead to major loss. What we know is that manipulation and media may rule the airwaves but TA is the truth.
Let's get to it and let me know what you think. The red lines indicate MAJOR resistances and the solid green line indicates MAJOR support. Bitcoin has been following the cyan line in its mature growth trajectory. What we know is that major bearish patterns have driven it back to the solid green support line which has been keeping bitcoin alive by the largest of investors. The bubble cycle drove it just shy of the green line once, and upon meeting it on 3/27, it saved BTC by preventing it from forming the largest head and shoulders of all time by meeting the solid white line. MAJOR bullish. Then led to the greatest BTC volume in 30 minutes in history taking it over 7.5K. Now we are finally at the juncture of another bullish descending wedge broken out to the downside, the major green support, along with the the dashed green line which marks the breakout of the inverse head and shoulders that catapulted BTC to 10K, booming the whole market. Will it break through to the downside? The fractal patterns enclosed in ovals tell us we're in for a monstrous rally, even with the death cross overhead.
Let me know what you think.
As I am writing this, a green candle is forming to come up and test the trend line, after a quick breakout to >7600. Let's see
Bitcoin is a bullish beast that few understand, but with proper TA, it can be tamed. Impending moving average convergence and divergences may predict major moves and help you get into the right position before hand, but BTC moves so quickly that acting after the fact will lead to major loss. What we know is that manipulation and media may rule the airwaves but TA is the truth.
Let's get to it and let me know what you think. The red lines indicate MAJOR resistances and the solid green line indicates MAJOR support. Bitcoin has been following the cyan line in its mature growth trajectory. What we know is that major bearish patterns have driven it back to the solid green support line which has been keeping bitcoin alive by the largest of investors. The bubble cycle drove it just shy of the green line once, and upon meeting it on 3/27, it saved BTC by preventing it from forming the largest head and shoulders of all time by meeting the solid white line. MAJOR bullish. Then led to the greatest BTC volume in 30 minutes in history taking it over 7.5K. Now we are finally at the juncture of another bullish descending wedge broken out to the downside, the major green support, along with the the dashed green line which marks the breakout of the inverse head and shoulders that catapulted BTC to 10K, booming the whole market. Will it break through to the downside? The fractal patterns enclosed in ovals tell us we're in for a monstrous rally, even with the death cross overhead.
Let me know what you think.
As I am writing this, a green candle is forming to come up and test the trend line, after a quick breakout to >7600. Let's see
כתב ויתור
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