Bitcoin on the rise. Where to sell?
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Hi everyone.
Last 3 weeks we've seen incredible strength from bulls. There are no doubts that bulls are in control. There were not any signeficent pullbacks during this pump. Many traders stayed on the sideline waiting for 10k.
However, it looks like everyone already forgot that BTC printed for the first time ever a Yearly bearish engulfing candle.
On crypto twitter you can see many analysts saying that Bitcoin has started a new Bull Market and it will go over 100k .
We believe that in the next few days Bitcoin will not give a chance to jump on the train for those that didn't buy at lower prices, but as we had a Yearly Bearish engulfing candle for the first time ever, it's doubtful that it will be left without any impact on the market.
It's probable that reaching new ATH will take way longer than everyone thinks.
There's a strong resistance around 28600$ - 30000$.
Moreover, the SuperGuppy indicator most likely will curve to the upside in the next few weeks and the upper lines of the SuperGuppy will be around 29k-30k which corrresponds with the price resistance therefore this is where we see a potential exit point for bulls and entry for bears.
What do you think? Do you agree? Feel free to share your opinion in the comment section.
Last 3 weeks we've seen incredible strength from bulls. There are no doubts that bulls are in control. There were not any signeficent pullbacks during this pump. Many traders stayed on the sideline waiting for 10k.
However, it looks like everyone already forgot that BTC printed for the first time ever a Yearly bearish engulfing candle.
On crypto twitter you can see many analysts saying that Bitcoin has started a new Bull Market and it will go over 100k .
We believe that in the next few days Bitcoin will not give a chance to jump on the train for those that didn't buy at lower prices, but as we had a Yearly Bearish engulfing candle for the first time ever, it's doubtful that it will be left without any impact on the market.
It's probable that reaching new ATH will take way longer than everyone thinks.
There's a strong resistance around 28600$ - 30000$.
Moreover, the SuperGuppy indicator most likely will curve to the upside in the next few weeks and the upper lines of the SuperGuppy will be around 29k-30k which corrresponds with the price resistance therefore this is where we see a potential exit point for bulls and entry for bears.
What do you think? Do you agree? Feel free to share your opinion in the comment section.
Nota
Dips are for buying. Not a time to short (not yet)Dagangan aktif
Still expecting more upside soonDagangan aktif
Expecting breakout towards 28k soonNota
Dips are being bought up. Bitcoin above 26k now.Nota
Looks like this key resistance is not a jokeNota
This scenario is more and more likely now
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