Good morning trading guys,
and welcome back to another small chart analysis by your famous "triangle trader" aka Muckrah.
Since latest pump in BTCUSD on the 8th of february I am monitoring the chart. First it looked like a bull flag, but now it seems to form a falling wedge where Bitcoin is trapped inside the lines. Many people outside are waiting for a decision whether it will go down again with a big dump - let it call an inverse Bart - or another (big) pump.
I believe in Crypto, Blockchain and Bitcoin and think that the hibernate will be over soon. With other words I am (very) bullish.
Now I am sitting here in my office waiting for the pump (yes, I think it is going up next). Next target is around 3700 $. I am so excited...
What do you think? Is it going up or down next? Please support me with a thumb up and a comment. I would appreciate this :)
I will try to update this post frequently.
See you guys, trade on, Muckrah
By the way: this is just an idea and no trading advice. So trade on your own risk - like I do :)
and welcome back to another small chart analysis by your famous "triangle trader" aka Muckrah.
Since latest pump in BTCUSD on the 8th of february I am monitoring the chart. First it looked like a bull flag, but now it seems to form a falling wedge where Bitcoin is trapped inside the lines. Many people outside are waiting for a decision whether it will go down again with a big dump - let it call an inverse Bart - or another (big) pump.
I believe in Crypto, Blockchain and Bitcoin and think that the hibernate will be over soon. With other words I am (very) bullish.
Now I am sitting here in my office waiting for the pump (yes, I think it is going up next). Next target is around 3700 $. I am so excited...
What do you think? Is it going up or down next? Please support me with a thumb up and a comment. I would appreciate this :)
I will try to update this post frequently.
See you guys, trade on, Muckrah
By the way: this is just an idea and no trading advice. So trade on your own risk - like I do :)
Comment:
For a short time we left the edge and the chart went down. But one second later it was back trapped inside the wedge. Go on BTC, as always: we need more volume to pump it up to moon :)
Comment:
We are still inside the wedge, bounced on the bottom of the edge and are now on the way up. I think we will see another bounce back to the bottom later the day... and then back up again... always inside the edges of the wedge.
Comment:
Ok, now the chart is close to the upper side of the wedge. But we need more volume, it is always the same... more volume and we will see a nice pump, but resistance is strong in these ranges...
Come on trader guys, come on :)
Come on trader guys, come on :)
Comment:
Still inside the wedge, knocking on the upper edge again and again.
I am so excited what will happen tonight with the chart...
I am so excited what will happen tonight with the chart...