Bitcoin Loves to Party! STRONG Bounce! - BTCUSD

Hello traders ~

Bitcoin has shown strength again, impressing me with a strong bounce and a higher low. Overall, I have a very positive outlook on how Bitcoin has reacted to the uncertainty in global markets.

Overhead, we have strong descending resistance. We are testing some of that now. The green box would be a large breakout, violent and impulsive like we have seen many times before.

Be careful of false breakouts, for example this 3D candle at the time of posting, which wicked above resistance.

Bitcoin is one to watch. These fib breakouts can be strong. You may remember this;

Which was built off the same channels you see here.
Good luck traders.

Make sure to give me a like and a follow if you like my work.

Comment:

I believe it is very likely that bitcoin will touch the point where the Fibonacci lines intersect. This is a phenomenon i have seen in the past and is the specific reason I put the great box where I did. I can’t explain it; other than bitcoin has a natural tendency to do this. Right now that intersection is about 10.5k..at this point bitcoin is very very bullish..i feel that this market has shown true strength throughout these past months

But we shall see

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Green box**

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FYI i got in this at 9324 this morning so everyone can make fun of my entry

Comment:

Are my charts not undisputed?
Who else is as accurate as I am?

I'll be back soon I've been doing a bit of consulting

I've been all in gold + BTC since may
You should have been as well