Folks,
Here it is a new update for Bitcoin..
Well as traders we have to be flexible and be able to switch from bearish to bullish if the chart says so. In other words, we have to be objective.
At the end we are in a probabilities game.
Earlier this week the chart told me a possible reversal could be at hand.
Looking at price action recently --> i.e. the breakout bar tells me we could be (more) bullish soon.
It is starting to look good for Bitcoin BUT we aren't there YET.
The real test in my opinion is going NOW with the major trend line.
If we manage to break through I will say he do the retest of the line --> if we manage to hold that. Than hell yeah we are bullish for bitcoin..
For now my thesis is NEUTRAL because I want to see more confirmation.
Feel free to comment, share and make sure you follow..
Here it is a new update for Bitcoin..
Well as traders we have to be flexible and be able to switch from bearish to bullish if the chart says so. In other words, we have to be objective.
At the end we are in a probabilities game.
Earlier this week the chart told me a possible reversal could be at hand.
Looking at price action recently --> i.e. the breakout bar tells me we could be (more) bullish soon.
It is starting to look good for Bitcoin BUT we aren't there YET.
The real test in my opinion is going NOW with the major trend line.
If we manage to break through I will say he do the retest of the line --> if we manage to hold that. Than hell yeah we are bullish for bitcoin..
For now my thesis is NEUTRAL because I want to see more confirmation.
Feel free to comment, share and make sure you follow..