Considering the trend for the last couple days, a large bullish or bearish movement will most likely take place soon, especially if we factor in the triangle formation it's moving towards.
The two price points showcase a possible bearish or bullish movements on surpassing the price point. Please pay close attention to the stock breaking out of the triangle...
Most likely to short, eye the selling points listed and eye areas of graph stabilisation to decide what to do. Personally would recommend shorting to point 1 or 2
I expect it to rise again though simply due to the huge price drop and the buy orders that will now be filling in. Might be smart to margin trade at a leverage of maybe 10-25x positive but of course, this is still speculation so trade at your own risk.
Note - price barriers and entry level prices are just rough estimates. If the graph has stabilized with a relative slope of zero than that price will be a price barrier in this scenario.
As PVT is negative bitcoin could very well continue downwards and hence invest with caution
PVT is negative and hence the direction of the stock (ascending) may be uncertain and might reverse. Watch closely for an ascending or descending trend before investing!
The graph seems to be following the previous prediction. The date to look out for is the end of June when Musk announces whether Tesla is producing 5000 model 3's a year! Depending on that the graph will be bearish or bullish,
PVT seems to be neutral despite the decrease in price and hence the price movement downward is most likely weak showing that a breakout is...
Will stabilize for a bit and will go bullish or bearish. (More likely to be bearish)
Watch area of relative stability and look at trend using different analysis strategies (I'll be doing that too so follow or something to see a future update)
Trend shld finalize in a couple dayes!
Currently, Bitcoin is in a horizontal triangle and can break out either way before the apex. Hence pay attention to the market until 24th June (apex).
It would be most beneficial to buy when the breakout is confirmed to be bullish (ie. bullish trend). It will be risky to buy as soon as it crosses the lines of support and resistance as it may just reverse!
One...
Using a sort of rough triangle, we know that stellar is going to break out soon.
As usual, make sure that the breakout trends bullish or bearish before investing in order to avoid a potential reversal!
Stellar, a currency I made over 1000% profit with is starting to mimic its previous signs of slope stabilization before an explosion.
Watch the graph for the least possible value which has the most slope stabilization before investing. Definitely has a chance of blowing up!
The safest time to invest would be as the slope starts to rise steeply after...
