Yes, yes, YES!!! Ladies and gentlemen, boys and girls, animals, aliens, and people of all genres, welcome to this ever-so fabulous analysis on big-king-macdaddy-crypto, BITCOIN! Let's jump right in! Looking at the four hour chart, you can see that the breakout has occurred! We have liftoff, and BTC is kissing that nasty downtrend goodbye. This is an EPIC development. You can see that there wasn't even much hesitation at the top of the channel. However, the volume is a bit light, so be on the lookout for that.
This is a major achievement, in establishing a new bull market uptrend. BTC has to hold it though, because a break back into the channel would be a nasty thing to see. On the upside, my inverse head and shoulders + bull flag target should act as major initial resistance, at about 12,187. Above that, the heavy resistance level at the 50% retrace will be an extremely important level to conquer. Should BTC surpass the heavy resistance level, I will be proud to announce that the bear is dead, and the bull is alive and strong! LONG LIVE THE BULL!!! I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic. Au revoir.
This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-MPC loves you-
-JD-
This is a major achievement, in establishing a new bull market uptrend. BTC has to hold it though, because a break back into the channel would be a nasty thing to see. On the upside, my inverse head and shoulders + bull flag target should act as major initial resistance, at about 12,187. Above that, the heavy resistance level at the 50% retrace will be an extremely important level to conquer. Should BTC surpass the heavy resistance level, I will be proud to announce that the bear is dead, and the bull is alive and strong! LONG LIVE THE BULL!!! I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic. Au revoir.
This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-MPC loves you-
-JD-
Yorum:
This could potentially end up being an inverse head and shoulders pattern. The pullback may be healthy for the bull run. Especially since we've gained a massive amount of ground recently.
Yorum:
It looks like BTC wants to test the bottom of the downtrend channel. If it fails to get back above, then look out below!
Yorum:
Update analysis. Enjoy.
-Magic-