-Update BTC-
A new BTC update for the coming week. It’s going to be an exciting week. If you look at the chart we are entering the final stage where it is decision time which way BTC is going. We still have a very heavy resistance around the $9800 if we look at the VPVR. If BTC breaks this resistance than BTC has the next resistance on the $10500. Once BTC breaks this the next level is $11000.
Due to the pattern, the Hash Ribbon indicator that flipped over on the 11th of June, the Hash Ribbon could give a buy indicator on the 26th – 27Th of June. What could be the bottom? It could be $8800 if I look at VPVR, maybe the $8200 where the 200 MA is, but It could also drop to around $7000 where the next support is due to VPVR. We’ll keep you updated when our Gann analysis algorithm is flashing a buy signal.
THE BIG BULL MARKET STARTS
25th - 27th of june is a special date. 25th-27th of june 2018 was a bottom before the last swing high of 2018, 26th-27th of june 2019 was the top of BTC in 2019, from that point we went back to the low on the 17th of dec 2019 of $6300, now 26th- 27th of June 2020 could be a bottom again and that in combination with the buy signal of the Hash Ribbon indicator, after the halving of BTC, could this be the start of THE BULL MARKET we all have been waiting for, with new All time highs and which will end in december 2021. If this happens, history repeats its self.
Happy Trading!
A new BTC update for the coming week. It’s going to be an exciting week. If you look at the chart we are entering the final stage where it is decision time which way BTC is going. We still have a very heavy resistance around the $9800 if we look at the VPVR. If BTC breaks this resistance than BTC has the next resistance on the $10500. Once BTC breaks this the next level is $11000.
Due to the pattern, the Hash Ribbon indicator that flipped over on the 11th of June, the Hash Ribbon could give a buy indicator on the 26th – 27Th of June. What could be the bottom? It could be $8800 if I look at VPVR, maybe the $8200 where the 200 MA is, but It could also drop to around $7000 where the next support is due to VPVR. We’ll keep you updated when our Gann analysis algorithm is flashing a buy signal.
THE BIG BULL MARKET STARTS
25th - 27th of june is a special date. 25th-27th of june 2018 was a bottom before the last swing high of 2018, 26th-27th of june 2019 was the top of BTC in 2019, from that point we went back to the low on the 17th of dec 2019 of $6300, now 26th- 27th of June 2020 could be a bottom again and that in combination with the buy signal of the Hash Ribbon indicator, after the halving of BTC, could this be the start of THE BULL MARKET we all have been waiting for, with new All time highs and which will end in december 2021. If this happens, history repeats its self.
Happy Trading!