The more we consolidate, the more likely we will break for the upside. Key things to take away from this: 10k target is still on the table. 9.2k is the 38.2% retracement level. Halving event is 103 days away. Take it easy team. See you on the next one. ~Bo Bugra
It will be important to see if we can break above 9.2k. Bullish ABCD pattern setup is still taking us to $10,000. Key things to take away from this: The next area of support is around $8,900 and $8,800! 38.2% retracement level at 8.8k will most likely bring the buyers back if the up trend is on. UpTrend seems to be still on. If we can close above 9.2k for...
Weekend is here. If the bull is on, we really need to break 8.5k level. Key things to take away from this: If we break above $8,500, there is a Bullish ABCD pattern to $10,000. $6,400 level is a big support on the Daily Time Frame, if broken, down trend is on. Accumulation Zone is between $8,300 - $8,000. Halving event is 108 days away. Take it easy...
Up Trend seems to be on as we have broken out of the trend line in both logarithmic and non-logarithmic scaled charts. Key things to take away from this: $6,400 level is a big support on the Daily Time Frame, if broken, down trend is on. Accumulation Zone is between $8,500 - $8,000. Halving event is 110 days away. If we break above $9,100 - $10,000 and...
Today I go over both the long and short plays for BTC.
A crash pattern's end is accompanied by a period of reduced price volatility and volume on top of an institutional benchmark. We are seeing those symptoms in full force.
An excellent time to get some futures contracts open on BTC, the profit ratios here are insane.