Bitcoin Bullish Consolidation - Coiling Up Ready to STRIKE!
Hello!
On this chart you'll see that Bitcoin is coiling up in a bullish consolidation pattern called a SYMMETRICAL TRIANGLE.
Bitcoin LOVES Symmetrical Triangles. The LONGER they play out the STRONGER they are.
This one possibly has the power to sling Bitcoin to 100K.
Bitcoin has STRONG support in the 30K region and will likely be rejected by the 200 Daily MA and dip back down into this DEMAND ZONE before completing the pattern and BLASTING OFF INTO OUTER SPACE. This is obviously where the whales want to buy. Once their warehouses are full at this price they will HODL and cause a supply shock.
2022 is gonna be LIT.
Peace, Love, & Crypto,
B166er
On this chart you'll see that Bitcoin is coiling up in a bullish consolidation pattern called a SYMMETRICAL TRIANGLE.
Bitcoin LOVES Symmetrical Triangles. The LONGER they play out the STRONGER they are.
This one possibly has the power to sling Bitcoin to 100K.
Bitcoin has STRONG support in the 30K region and will likely be rejected by the 200 Daily MA and dip back down into this DEMAND ZONE before completing the pattern and BLASTING OFF INTO OUTER SPACE. This is obviously where the whales want to buy. Once their warehouses are full at this price they will HODL and cause a supply shock.
2022 is gonna be LIT.
Peace, Love, & Crypto,
B166er
Nota
Bitcoin didn't dip enough to create a bottom trendline of the triangle so it's busted. But it just broke out of the upper trendline so now I'm looking for it to either come back down and find support on it, or keep going up from here. -B166er
Nota
HIT THE PLAY BUTTON!!!! :-)Nota
Federal Reserve aka CENTRAL PLANNERS decided that markets would dump and they did. Had they not...the Bitcoin supercycle would've been EPIC.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.