BITCOIN UPDATE BANG BANG!

in #bitcoin8 years ago

Bitcoin just breached 8.7k as I type this and the bull in me has fully taken over...heheheheheheheh...but wait the bear in me is getting ready to eat because this may be a bull trap

Anyways, my last update was to confirm BTC move upward and look towards 8.5k support level. Here we just touched the big resistance level and are looking to breakthrough that level to 9-9.5k.

BEAR IN ME:
I. This is where I think the bull trap ends, as bitcoin is going to look to make one last move downwards.
II. Strong resistance at 8.6k, need to close above it on 6h, 12h then daily.

BULLISH HALF:
I. $BTC breaking out of falling wedge, target 10.5k
II. RSI oversold bounce already happened

Here's my call from my previous post, 19% gain. This is a 2h chart, you can see the falling wedge breakout.

Screen Shot 2018-03-19 at 10.37.32 AM.png

I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.

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