So you will see my last chart was in the 4 hour range and as I said it was off the day. I usually try and stay out of it until what I say has happened but have a feeling some maybe really feeling it. So here is my day chart published and where I have run that trend line so you can have a look. Some are running it from the latest bottoms and saying it is a triple bottom which should see a major push in the right direction.
This could be a shoulder forming we need to wait and see for that. If you draw this up yourself then flick it from the daily to the weekly you will see a double bottom forming which should be a very positive sign the last bear will be taken out by the running of the bulls.
If you are going to take this call good luck and keep an eye on it and watch the daily Macd for a cross over on a down trend after our bull run. The last price top wasn't in USD but believe 20k usd is where we will get close to and people will take profit.
Watch the charts closely for a change after we break out of the resistance side of the wedge, I'm not drawing waves guessing where it may or may not go we will wait for it to break out and view the volume. You could set a BTC buy at 7k usd you may just miss out on filling it if it goes lower than that 6800 is the lowest we should see but as we know crypto is a wild best and when you think you have it cornered it will stomp on you till you are dead.
Only put in what you know you can lose but if you are in it for the long haul don't stress at speed bumps like this.
If we see a candle start forming out side of the lower part of the wedge watch for all the doom and gloom posts its enough to make everyone second guess their choices, if you are uncertain to where we could head just divide what you want to spend then ladder your buys down the range as far as you think it may go but as always watch it with keen eyes as this can flip in an instant.
This could be a shoulder forming we need to wait and see for that. If you draw this up yourself then flick it from the daily to the weekly you will see a double bottom forming which should be a very positive sign the last bear will be taken out by the running of the bulls.
If you are going to take this call good luck and keep an eye on it and watch the daily Macd for a cross over on a down trend after our bull run. The last price top wasn't in USD but believe 20k usd is where we will get close to and people will take profit.
Watch the charts closely for a change after we break out of the resistance side of the wedge, I'm not drawing waves guessing where it may or may not go we will wait for it to break out and view the volume. You could set a BTC buy at 7k usd you may just miss out on filling it if it goes lower than that 6800 is the lowest we should see but as we know crypto is a wild best and when you think you have it cornered it will stomp on you till you are dead.
Only put in what you know you can lose but if you are in it for the long haul don't stress at speed bumps like this.
If we see a candle start forming out side of the lower part of the wedge watch for all the doom and gloom posts its enough to make everyone second guess their choices, if you are uncertain to where we could head just divide what you want to spend then ladder your buys down the range as far as you think it may go but as always watch it with keen eyes as this can flip in an instant.