Hi, today we are going to talk about Bitcoin and its current landscape.
We observe on at the weekly chart that the 2019 bull run it's actively resisting at trend continuity the 38% of Fibonacci retracement. The most important level to the continuity of the bull run became support almost impassable, putting the price as a critical point of this level. With the breakout of the pattern above, we can have a strong reaction of the price. The targets are described above trough the Fibonacci extension, that for a mathematical coincidence with the all-time high, but the most important level of this extension it's above beyond $6.000.00 from the breakout of the ATH.
Thank you for reading and leave your comments if you like.
@vicsp, Oh shit this guy was trolling me cos I was bearish and of late magic beans had a nasty drop...
who shorted far above 10k and 11k is very happy right now.
This muppet can just criticize other people's post.
vicsp
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@TheShorter, what? Proof?
I was right.. he said long, I said keep dreaming, meaning his scenario would't happen. And we went to 8,1K. Get RKT.
Wojak
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Nope
Monfex
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Short-term BTC
PensiveElephant
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Ooof----
vicsp
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GET RKT!!
WorldEconomics
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Thoughts? There are factors for both a bear market and bull market breakout
cyatophilum
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We are rather bearish here... short term at least!
Cryptonite_trader
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I see more of a descending wedge but I could be wrong. I'm playing an AB=CD trade have my stop moved to trailing just in case of break out. Great analysis over all.