BITCOIN- Volatility Inbound (time to break the 50k next week?)

٢٧ أغسطس ٢٠٢١

Hi everyone,

no news is good news and the no news goes to the Federal Reserve saying nothing much about crypto at Jackson Hole, Janette Yellen not being stupid and most likely holding tight to her Bitcoins , Elon Musk being busy with his Robots and causing us no headaches and the Chinese communist party not mattering anymore (they don't and will not control this planet anyways, ever).

Enough with my 'light and fun' comments that some of you like, let's get on the chart that most of you like:

Price found support as expected, ended up going SN (Sideways North) and if there is one thing I can see is VOLATILITY INBOUND!

You can see the triangle and how it is running out of space, meaning that the price needs to move and it will most likely move UP (60%) and not down (40%).

The lower end of the channel will be our next support level if the price drops (the 30 %).

I have taken the wild guess (not many people dare to do this in public, here) but I have drawn what could happen.. Price exits south from the wedge (triangle) and ends up storming higher towards the top of the channel.


Hopefully we will be able to see the price breaking the 50,000$ (Boss Level) next week.


One Love,

the FXPROFESSOR

PS. Remember, this is no advise, consult your personal doctor if you should be trading and we carry no responsibility if you end up getting pregnant.
The only advise I can give you is 'Not to trade', instead go out there and learn some skills, especially if you are a 20 year old student.... Buy, hold, invest, save, no leverage, spend time having fun or learning skills (cause leverage kills baby, leverage kills)