PMCTrading

PMCTrading

I'm not going to lie, I see flags everywhere and I see Bitcoin tremendously bullish so I'm updating my forecasts in this post. I have to warn that what I have posted is a high risk speculative play so please don't take any of this seriously. Simply as a situation that is likely to occur. Bitcoin broke above the bullish flag pattern that formed over the last 3...

PMCTrading

In my previous idea I was commenting on the possibility of a sell-off in the $58.000 area, where a wedge was forming. After the breakout of this wedge to the upside, the price was traveling up to a high of almost $67.000 and now, after two weeks of consolidation, there is a possibility that the lateralization situation will last longer than expected due to the...

PMCTrading

Bitcoin has been running into a lot of resistance in recent days in the 56-58K area. Here is my thoughts on a price action move that may occur in the short term.