TA: Bitcoin BREAK-OUT next week?
Is Bitcoin BREAK-OUT comin' soon?
Hi traders.
I am not a huge expert of TA (technical analysis). But sometimes the formations get so obvious, that even someone with very basic experience can recognize the patterns.
Am I the only one who see an almost perfect, symmetrical pennant?
So looks like a break-out coming soon, most likely before the end of next week. And I see the odds of breaking UP being somewhat bigger then going down.
The unbroken up-trend is burning our eyes as well. Agree?
Time to bring your worthless Fiat funds into the exchanges? :)
Don't be late. Fiat moves so SLOW.
And I'm sure you know it better then me.
One of the important quotes, which I have learned from watching those numerous talks & presentations by Andreas Antonopoulos is this:
We are seeing this too on our analysis @crypto-analysis
Bitcoin will continue to fall for somedays, all pull back are fack.
I think that the wawe of beginner just slow the fall, but investors are taking back their profit before 1st August..
Hope to read you soon,
crypto-analysis.
May be ! But this is a chance for crypotraders like us. It's a great opportunity and we can make some bucks out of it buddy.
bdw nice article.
@onealfa
Interesting, I agree it is oversold in the short term, but that doesn't mean the lingering fear of collapse is still in the air.
Up or down, there is soon to be some serious action by the look of it!
Yes it will break soon, but i think a breakdown is more probable right now. Because failing C waves are not so common and quite rare as i pointed out in one of my last posts.
Great information !
Ups and downs come in everybody's life
Same as cryptocurrency
But it's now gonna climb mountains within few months @onealfa
It's next top level is 3200.
Let's hope for the best!
It is consolidated. The break may occur upwards, returning the high trend, or down, signaling trend reversal in the short term.
Anyway, I'm always buying :)
See you later :)