Bitcoin VLOG #41 - BTC's 9000th 35k touch incoming
BTC looking like it wants to touch 35k more times than a catholic priest touches... ahem!
BTC has retested and bounced off the upper trend line of descending triangle multiple times now, my confidence in this pattern is beginning to waver, or it could just be I had a shitty sleep and my mood is a bit low!
I have seen a descending wedge being floated by others recently, I will try and track it over the coming days and see what value it can bring.
The reality right now, despite what patterns I'm seeing or what state my mood and emotions are in, we have significant series of lower highs. Broader bearish downtrend. Lots of uncertainty. Price squeezing.
A big move is coming, and it could be something like a pump to 40k followed by a major dump that breaks 30k convincingly and puts us into the 20k range.
Super cycle I hear you say?!
I dunno man. When I've already made my money on the ride up to 60k, and we are in the middle here between 10k last year and 65k this year... do I want to bet in the middle? That's some damn high risk.
I will see if I can get a VLOG in tomorrow and improve on my thoughts and TA from today, just feeling pretty shitty this morning! Apologies guys.
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:00 = End the triangle?
4:30 = Pattern searching
6:50 = FIBS
7:30 = Odd 1minute candles
13:30 = Short 35k
15:30 = Reality of lower highs
19:30 = Closing words
BTC has retested and bounced off the upper trend line of descending triangle multiple times now, my confidence in this pattern is beginning to waver, or it could just be I had a shitty sleep and my mood is a bit low!
I have seen a descending wedge being floated by others recently, I will try and track it over the coming days and see what value it can bring.
The reality right now, despite what patterns I'm seeing or what state my mood and emotions are in, we have significant series of lower highs. Broader bearish downtrend. Lots of uncertainty. Price squeezing.
A big move is coming, and it could be something like a pump to 40k followed by a major dump that breaks 30k convincingly and puts us into the 20k range.
Super cycle I hear you say?!
I dunno man. When I've already made my money on the ride up to 60k, and we are in the middle here between 10k last year and 65k this year... do I want to bet in the middle? That's some damn high risk.
I will see if I can get a VLOG in tomorrow and improve on my thoughts and TA from today, just feeling pretty shitty this morning! Apologies guys.
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:00 = End the triangle?
4:30 = Pattern searching
6:50 = FIBS
7:30 = Odd 1minute candles
13:30 = Short 35k
15:30 = Reality of lower highs
19:30 = Closing words
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