SavvyEvelynCharts

What if I told you that you might get REKT again Trigger

SavvyEvelynCharts Updated   
BITSTAMP:BTCUSD   Bitcoin
Will this ever catch a break? Possibly I will not rule out a retrace to $4,800. Only to find rejection. Also a lot of terrible buy volume still. Many called for a large retrace that would be massive. Unfortunately we have yet to see something of that nature. Sadly as I write this Bitcoin also created lots of resistance on the 4hr time frame Below every candle we have yet to see if ever we break through those. I did not show you that on the chart, it would look ugly. What i am showing you on my chart is a great possibility, many will deny it though for the lack of fear and loss. It doesn't bother if bitcoin moons to $4,800 or not it will be met with loads of resistance. $3,100 is more promising. Plus a retrace to $4,000 after $3,100. Just makes sense. There is also a lot of irrational bulls and bears. Many do not educate themselves on the simplicity of TA. Many ask for whats happening or why is this happening. Pretty sad to be honest. Many are still in denial phase of the market while many already in capitulation phase. Many take a support and immediately call it a bottom. Toxic. Realistically If we get a dip a stronger support should be followed by massive amounts of buy volume. Would show price confidence for that price. For a bonus, Bitcoin everyone speculates it to be the #1 and be worth xxx,xxx,xxx amount of money. It will only get as big as long as people see value in it. It could technically be worth zero. Just by saying to yourself there is no value.
Comment:
Another Successful Trigger Chart.
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