Bitcoin still forming higher lows. What to expect next ?

2 thg 4, 2020

Hello everyone,

so far bitcoin is still in uptrend and creating higher lows.

It also looks like its forming the ascending triangle which if it breaks it usually continues the trend in lenght of entry lenght ( white arrow on the left side)
So if it breaks the resistance upwards it could run towards 9-10K (greenarrow) but on the otherside if it break below support it can retest 4K range zone (redarrow)

So keep your eyes opened in the next days if it break up or down and be ready to change your bias.


Trade it safe with a plan, hold long term, keep your yes opened and enjoy opportunities.
Cheers

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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.

2 thg 4, 2020

Ghi chú

Here is just little reminder what Bitcoin did at start of 2019. Looks quite similliar right ?

6 thg 4, 2020

Ghi chú

XLMs market cap broke similliar ascending triangle upwards today

7 thg 4, 2020

Ghi chú

This could potencialy be a breakout with retest. If this 7150 zone holds and create another higher low then be ready for another higher high towards 8K.

7 thg 4, 2020

Ghi chú

It is also zone for retest of the broken downtrend line

10 thg 4, 2020

Ghi chú

Update time:

12 thg 4, 2020

Ghi chú

29 thg 4, 2020

Ghi chú

2 thg 6, 2020

Ghi chú