Hey all,
Just wanted to share my weekend thoughts....
In a nutshell, I'm bullish for the upcoming week!
We had a lot of FUD last week and BTC´s price was clearly affected buy it. The smart money took their profit and we had a nice healthy (small) correction.
The smart money will start buying again.
Bitcoin normally doesn´t like to produce more than 3 red daily candles in a row and as you can see in this chart there are 4 before the last green one!
I believe
4K is our next stop and possible resistance. If we can break through the 4K mark, and hold then we could be in for a chance to finally properly smash the $5K price tag.
To play it safe wait for confirmation of a break in the descending trend line/triangle.
FUD & FOMO are like any chart, up and down. Next week I´m bullish on FOMO ;-)
I hope this simple chart helps.
Keep eyes on the4K zone and get ready for I´m sure another fun week in crypto!
Safe trading to all.
Just wanted to share my weekend thoughts....
In a nutshell, I'm bullish for the upcoming week!
We had a lot of FUD last week and BTC´s price was clearly affected buy it. The smart money took their profit and we had a nice healthy (small) correction.
The smart money will start buying again.
Bitcoin normally doesn´t like to produce more than 3 red daily candles in a row and as you can see in this chart there are 4 before the last green one!
I believe
4K is our next stop and possible resistance. If we can break through the 4K mark, and hold then we could be in for a chance to finally properly smash the $5K price tag. To play it safe wait for confirmation of a break in the descending trend line/triangle.
FUD & FOMO are like any chart, up and down. Next week I´m bullish on FOMO ;-)
I hope this simple chart helps.
Keep eyes on the
4K zone and get ready for I´m sure another fun week in crypto!Safe trading to all.
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.
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.