pyratellama

BTCUSD Under pressure!

BITFINEX:BTCUSD   Bitcoin
I see that BTC is getting squeezed into the sharks mouth at the moment. Looks to me like we broke long term down resistance not long ago, but got pushed down. We didn't hit the bottom uptrend resistance so this is good. Right now we are headed back up to long term down resistance, I think we will hit it, bounce a few times and break through at which point it will rocket way up like a rocket man! If not we go down to test short term uptrend resistance. If we break that it's not far to long term uptrend resistance at which point I believe we bounce hard with enough steam to go up and break long term downtrend resistance. So my overall outlook is bullish!

I am a new trader so don't take anything I have to say seriously! Ha! Please leave a comment, and teach me something. I'm here to learn and get better at trading and analysis!

Pressure pushing down on me
Pressing down on you no man ask for
Under pressure that brings a building down
Splits a family in two
Puts people on streets
Um ba ba be
Um ba ba be
De day da
Ee day da - that's okay
It's the terror of knowing
What the world is about
Watching some good friends
Screaming 'Let me out'
Pray tomorrow gets me higher
Pressure on people people on streets
Day day de mm hm
Da da da ba ba
Okay
Chippin' around - kick my brains around the floor
These are the days it never rains but it pours
Ee do ba be
Ee da ba ba ba
Um bo bo
Be lap
People on streets - ee da de da de
People on streets - ee da de da de da de da
It's the terror of knowing
What this world is about
Watching some good friends
Screaming 'Let…
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.