Hello dear community,
our last chart has reached more than 1000 readers, the fellowship of subscribers went over more than 30, it is SO AMAZING to be with you.
Lets get right into Technical Analysis, because this situation could be even hotter than mexican salsa right now:
If you compare this fractal to another one from 17th July 2017, a similar fractal has happened back then. (check it out on this chart, though you had to scroll back, which would be a pain in the cheek- I recommend to check it out on your personal chart)
BTC was in its parabolic move up back then, and well...we all know how it ended.
This "suckers rally right" now could be "suckers rally" indeed, or it could be the beginning of an expected new bullmarket after the cryptowinter of 2018!
This formation right now is absolutely normal! Why? Because we did not double we almost trippled within 2019 (a little less than 200%- this actually "SICK GAINZ", because on classic stock market, you're kind of a god, when you return 5-10% yearly investments as additional profits...)
Anyway:
In this chart I can clearly see, that bulls as well as bears want to have a decision, whether the price moves up or down.
Here is the thing:
In the chart you can clearly see three different TOP´S (which are market on the chart) and a possible 4th TOP coming.
This third top happened after the massive 5000BTC dump within 15 Minutes on Bitstamp. It actually recovered very fast and right now we already have printed the third top, after which the prices retraced/went sideways.
At the moment, BTC tries to crawl up and retest this 3rd TOP at 8341. If we can break it and go higher, we may be uptrendy!
Then it would fall down and retest 8400 again, from there a game of retests will start again.
If Bitcoin cannot make another higher high, which must be at least 8350, we will PROBABLY fall down to retest 7400.
If that happens, we will wait and analyse again.
Until then guys, keep it safe, much love
Thank you for reading & have a nice day,
Roman
--------------------
Focus on the journey, not the destination. Joy is found not in finishing an activity but in doing it.
Hope you enjoyed it as I did reflecting on this one…you can support our community with a thumb up and a like if the content pleased you :-)
our last chart has reached more than 1000 readers, the fellowship of subscribers went over more than 30, it is SO AMAZING to be with you.
Lets get right into Technical Analysis, because this situation could be even hotter than mexican salsa right now:
If you compare this fractal to another one from 17th July 2017, a similar fractal has happened back then. (check it out on this chart, though you had to scroll back, which would be a pain in the cheek- I recommend to check it out on your personal chart)
BTC was in its parabolic move up back then, and well...we all know how it ended.
This "suckers rally right" now could be "suckers rally" indeed, or it could be the beginning of an expected new bullmarket after the cryptowinter of 2018!
This formation right now is absolutely normal! Why? Because we did not double we almost trippled within 2019 (a little less than 200%- this actually "SICK GAINZ", because on classic stock market, you're kind of a god, when you return 5-10% yearly investments as additional profits...)
Anyway:
In this chart I can clearly see, that bulls as well as bears want to have a decision, whether the price moves up or down.
Here is the thing:
In the chart you can clearly see three different TOP´S (which are market on the chart) and a possible 4th TOP coming.
This third top happened after the massive 5000BTC dump within 15 Minutes on Bitstamp. It actually recovered very fast and right now we already have printed the third top, after which the prices retraced/went sideways.
At the moment, BTC tries to crawl up and retest this 3rd TOP at 8341. If we can break it and go higher, we may be uptrendy!
Then it would fall down and retest 8400 again, from there a game of retests will start again.
If Bitcoin cannot make another higher high, which must be at least 8350, we will PROBABLY fall down to retest 7400.
If that happens, we will wait and analyse again.
Until then guys, keep it safe, much love
Thank you for reading & have a nice day,
Roman
--------------------
Focus on the journey, not the destination. Joy is found not in finishing an activity but in doing it.
Hope you enjoyed it as I did reflecting on this one…you can support our community with a thumb up and a like if the content pleased you :-)
تعليق:
We have touched 8800, this could be a major resistance level!
تعليق:
RIght before the weekly close, there is clear sign, that calling it an uptrend is still valid at this point!
تعليق:
Okay, BTC has gone crazy last night!
From 7900 to 8960!
This is more than 1000USD in a few minutes!
The decision, whether Bitcoin continues its uptrend or not, has been made!
The bulls fought the bears and won!
This does not mean, we will see 10K very soon!
There is a big big chance we will go sideways for a few days, until we retest some lower levels, maybe 8K which was resistance as we moved up from 5K, which now could become a support for not falling lower.
A GAME OF RETESTS will and already has begun!
What do you think of this situation?
Let the community know what you think!
This is it already for today, keep it rolling,
Roman
From 7900 to 8960!
This is more than 1000USD in a few minutes!
The decision, whether Bitcoin continues its uptrend or not, has been made!
The bulls fought the bears and won!
This does not mean, we will see 10K very soon!
There is a big big chance we will go sideways for a few days, until we retest some lower levels, maybe 8K which was resistance as we moved up from 5K, which now could become a support for not falling lower.
A GAME OF RETESTS will and already has begun!
What do you think of this situation?
Let the community know what you think!
This is it already for today, keep it rolling,
Roman
تعليق:
As we can see, the charting was pretty accurate. So we went sideways, slightly downish, and then targetet 10K!
Good Job guys!
This chart can be closed at this point, because we gathered all Information we anticipated and which played out as I thoght it would! :P
Good Job guys!
This chart can be closed at this point, because we gathered all Information we anticipated and which played out as I thoght it would! :P
أغلقت الصفقة: تم الوصول للهدف
May the force be with you
WHAT THE ACTUAL HELL is going on right now?
I will update this!
Holy mother of charts, how amazing to be part of this!