BITCOIN ANALYZED: ACCUMULATION IS TAKING PROCESS
Bitcoin is still accumulating. 10k is a major level for both shorts and longs.
Today's post is about geometrical guitar trend lines: a very useful way to see confluence points in price AND time
Check out the higher lows. Uptrends are made of higher lows.
Bitcoin is showing a bull MACD divergence in the 1hr chart.
Descending pennants are usually a continuation pattern of a previous bulltrend.
**Once 10k is broken, most shorts will run for cover and they will become buyers too pushing the price higher.
More TECHNICAL ANALYSIS, TRADES & SETUPS:
· https://steemit.com/esteem/@luiggih/bitcoin-is-about-to-pop
· https://steemit.com/bitcoin/@luiggih/ripple-about-to-explode-bull-setup
· https://steemit.com/bitcoin/@luiggih/shake-shak-shak-short-the-high-haejin-says-bull-i-say-easy-short
· https://steemit.com/eos/@luiggih/if-you-re-not-bullish-yet-in-eos-just-check-this-chart
· https://steemit.com/beyondbitcoin/@luiggih/stellar-lumen-getting-ready-for-another-10-move-short-term-long-setup
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Great analysis! Every trader needs to study charts before investing.
Loved Bitcoin's previous head and shoulder and triple bottoms of 2017.
For all of you who might want to see the bigger picture of the geometric guitar, check out this chart:
Just curious, but where did you learn all this TA?
I only know one way to learn things: through quality books of experienced and succesfull people.
I've read countless books on TA and spent even more hours practicing and trading for myself.
Another great post and excellent comments. Bitcoin to the moon!
You got a 2.60% upvote from @emperorofnaps courtesy of @luiggih!
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