Bitcoin – the local bottom very soon!
I am now in a small loss and think that the price will hit my stop loss.
Bitcoin – the best scenario!
The Bitcoin continued the sideways around $40k. I think that you are bored of my standard analysis methods. Today let’s use the trend and countertrend lines in our analysis.
Bitcoin – local price action
We can see that it formed the symmetrical triangle. This type of patterns have 2 possible scenarios
Bitcoin – global overview
While the Bitcoin is staying at the same level let’s try to understand what is going to happen globally. We can see that the BTC is forming the 5-waves Elliott cycle during the last 3 years
Bitcoin – where to take profit-2?
Yesterday we bought the Bitcoin at $39300 according to the strongest long signal. After that the price pumped to $41500 and now we are going to understand at which levels we have to take profit.
Bitcoin – what is the limit of this growth?
You already know that I suppose that the Bitcoin is in bear market, also you know that I executed long trade at $36300 because the bounce was anticipated.
Bitcoin – $37k very soon!
Looking at the local timeframe I suppose that there is high probability of dump next 24 hours. Why?
Bitcoin – this is the bottom!
I thought that the potential local bottom is going to be at $37500, but the BTC hit $38300 and now is forming the reversal setup.
Bitcoin is trying to break major resistance!
That is why I will not be surprised if this major resistance is going to be broken easy.
Bitcoin – this pump can end earlier!
I am still holding my long trade but closed 50% because I suppose that this price growth can end even earlier than I said earlier.
