✴️ MASSIVE "BITCOIN BREAKOUT" HAPPENING IN THE NEXT 24-72 HOURS? 💁‍♂️

in charlesfuchs •  last month  (edited)

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Oh Snap! I just became a "Crypto" Technical Analysis by watching YouTube videos! Totally kidding! 🤣

So earlier today, I decided to jump on trading view and look at the Bitcoin charts and mess around making some triangles all over the place.

I'm not a professional or anything like that but I do know the "TA Basics" from my Stock Trading days. 📊

It looks as if we are in a Symmetrical Triangle (Drawn Above) and I expect a huge "Breakout" that is coming pretty soon.

These "Breakouts" usually come around at 70% of the" Triangle" and with decreasing volume, something big is about to happen pretty soon!

The questions is which way? It's anyone's guess. 🤷‍♂️

The chart seems pretty bullish to me and I expect when we break somewhere over $8200+ (and hold), we can see Bitcoin going as high into the deep $9000's. 💁‍♂️

Before you get all giddy and happy! I do however expect a 30% to 40% correction to happen in the near future.

Bitcoin is known to do that all the time! 😲

If we get rejected from the $8200 mark once again and fall below $7800 instead, we can expect it to drop pretty hard to the $6000's level. OH SHIT! 🤣

Please do not take my advice, I'm not a financial advisor! I'm just looking at the charts to see the what "probabilities" can happen from here.

If you are a "HODLer" for the long term (2-5) years... anything under $10,000 is a freaking deal in my opinion. 😬

So there you have it. My simple "Technical Analysis" for dummies like myself haha. Most people think it's bullshit (I do also at times) but it can be a tool to use in helping you make some good decisions when buying and selling cryptos.

Keep On STACKIN! 💞

~ Charles Fuchs

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Sort Order:  
  ·  last month (edited)

In time this will all be a blur as the zeros are added.

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Many years from now, we will look back and say damn that was cheap lol

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I feel when BTC go up 9000 $ ... then it also start make steem go lot up and we can also get steem back up 1 $ . this summer will be very interesting.


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Hope thats a good guess!! :)

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We see :)

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  ·  last month (edited)

I thinkin’ during the summer months, the markets might feel some pain and ramp up during the winter months but who knows 🤷🏼‍♂️😀

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We see :))

Regardless, these surges are always fun to see

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Crypto peeps sure love volatility 😬

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This is gonna be exciting lets wait and hope for alts to pick up the pace too

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Maybe, I like these alts cheaper tho lol

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Does look like a move soon and considering the lower volume, will need to watch below! However, Litecoin may given it a bump hogjer the way that is looking!

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I’m watching the charts heavily the next few days 😬

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Nice, I like it! To me it just feels like it is a BTC coil ready to spring! But yeah going to still be happy if we get the corrections too, just gives me more time to collect!

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Totally right! Which ever way it goes, I’m prepared 😎

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Not sure where the hell the 9% gain came from but it was a very quick order as always. Must be some huge whales to be able to instantly increase or decrease the value of bitcoin by 9% in 15 minutes or less...

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  ·  last month (edited)

WOW! Na man, I got inside info 😂😂😂😂

Good TA, Im also thinking the same that we should drop in price. I would like to finally get a clear bitcoin trade instead of always breaking even every god dam time and actually increase the btc I have hahahahaha.

Patience... and yeh man, dam, I'm buying bitcoin even when its at 10k usd, no problem!

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  ·  last month (edited)

This 2 month run of bitcoin has been nuts, I would’t expect to happen so fast.

I also heard the main run up was caused by tether printing 1 billion usdt since April 1st 🤨🤣

Just remember Bitcoin failed to work on technical analysis 😂😂 from the Past few months it's price has been pumping & dumping based on the certain news 😂😂

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  ·  last month (edited)

TA’s are just probabilities 🤣... an educated guess lol

🚀 🚀 🚀

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🙌🏼🙌🏼🙌🏼

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I can see STEEM making you RICH !!

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Only need a million steem haha

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At Least....

Posted using Partiko Android

Looks like the breakout is really here
https://coingecko.com/en/coins/bitcoin

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😉

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Omg yes!!!! I wish the same for all other crypto and out beloved Steem! I’ve been reading a lot of negativity about the future for a platform and I’m like shut up LOL
Crypto is the future, the present and all that’s good financially! Hugs friend and tons of love your way!💕💎💕

hahaha dude you made a quite accurate description looking into retrospect!

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Pretty good huh 😂😂😂

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Wow...It's like watching a storm gather...
How many here think this is a HUGE upcoming bull trap?...
I think we launch to at least 9.4k in the coming weeks...
then plummet back to 4.5k area?...Lot's of money to be made either way...

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  ·  last month (edited)

I’m thinking around the $6k zone, tons of support there. But anything can happen with crypto 😬

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💯

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Now is between we fall to 6,000 or 9,000 target for bitcoin.

I have noticed that with the recent pump in Bitcoin that the price of most altcoins have started going up and dor that i decided to fill my portfolio with valuable altcoins and also do daily trading on Veil

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@stackin I totally agree "Which way". It is hard to know but the market sentimentals are bullish. I personally think that we will fall down to the MA50 on daily within the next days.

https://steemit.com/bitcoin/@amirossanloo/my-bitcoin-predictions-were-right-what-is-next