Bitcoin Investment Trust (GBTC): Bull Flag Breakout!!
SUMMARY
On Wall Street, there is an adage that says to sell in May and go Away! However, for Cryptos, it'll be quite the opposite. I believe the month of May could be phenomenal for the Cryptosphere. The turnaround lady bugs of fortune are already flying around to welcome the start of the Popcorn Symphony!
Note the bull flag (parallel lines pointing downward) and how price obeyed the boundaries during its move down. Not also the long term yello trend line which was also, once again, not violoated with a decisive breach. These are significant conditions that propelled the price to a breakout scenario.
Short term microcounts show that an initial impulse round has likely be placed. Most of these early vertical moves are retraced deeply; e.g. Steem and SBD's breakout last week were vertical and deeply retraced. However, IF we can get a second round of impulse waves up; it'll evidence well for a trend reversal confirmation.
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nice!! what a loooooong wait!
This bodes well for BitCoin too.
Verry nice post big thumbs up and a resteem from my side for hard work and dedication.
quiet, the information is excellent and also coneniente, this was coming. Greetings.
all depend upon stock market on doller rate .but it has a lot of information
Enjoy reading this info! Finally what we were waiting is now happening!
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Coins mentioned in post:
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