โด๏ธ MASSIVE "BITCOIN BREAKOUT" HAPPENING IN THE NEXT 24-72 HOURS? ๐โโ๏ธ
Oh Snap! I just became a "Crypto" Technical Analysis by watching YouTube videos! Totally kidding! ๐คฃ
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. ๐
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. ๐คทโโ๏ธ
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. ๐โโ๏ธ
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! ๐ฒ
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! ๐คฃ
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. ๐ฌ
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! ๐
~ Charles Fuchs
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In time this will all be a blur as the zeros are added.
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.
Hope thats a good guess!! :)
We see :)
I thinkinโ during the summer months, the markets might feel some pain and ramp up during the winter months but who knows ๐คท๐ผโโ๏ธ๐
We see :))
Regardless, these surges are always fun to see
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Crypto peeps sure love volatility ๐ฌ
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This is gonna be exciting lets wait and hope for alts to pick up the pace too
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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Iโm watching the charts heavily the next few days ๐ฌ
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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!
Totally right! Which ever way it goes, Iโm prepared ๐
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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...
WOW! Na man, I got inside info ๐๐๐๐
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!
This 2 month run of bitcoin has been nuts, I wouldโt expect to happen so fast.
I also heard the main run up was caused by tether printing 1 billion usdt since April 1st ๐คจ๐คฃ
Just remember Bitcoin failed to work on technical analysis ๐๐ from the Past few months it's price has been pumping & dumping based on the certain news ๐๐
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TAโs are just probabilities ๐คฃ... an educated guess lol
๐ ๐ ๐
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