"What's Going On With Bitcoin?" *A series of Ideas*
Welcome Back!
This post will contain a series of updates where I will give my analysis on the overall picture of Bitcoin. Where we at doe? As mentioned on my youtube video
I will keep you guys updated on what's to come!
Taking a look at the 2D chart, Bitcoin has broken out of a downward pointing wedge.
This breakout signals a reversal, so it's important we hold support at once was previous descending resistance.
I'll dive deeper into current price and show y'all what I see!
God Bless, Vajolleratzii
This post will contain a series of updates where I will give my analysis on the overall picture of Bitcoin. Where we at doe? As mentioned on my youtube video
I will keep you guys updated on what's to come!
Taking a look at the 2D chart, Bitcoin has broken out of a downward pointing wedge.
This breakout signals a reversal, so it's important we hold support at once was previous descending resistance.
I'll dive deeper into current price and show y'all what I see!
God Bless, Vajolleratzii
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Currently finishing the 5x5x3 wave.
I see strong resistance at $8,800 where you could look to opening a possible short.
The 3 wave is generally the most impulsive wave so BTC could Fomo a little higher than expected. Use Stop-Losses and don't be a fool.
I see strong resistance at $8,800 where you could look to opening a possible short.
The 3 wave is generally the most impulsive wave so BTC could Fomo a little higher than expected. Use Stop-Losses and don't be a fool.
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Overall, once the final 5 wave is complete I expect price to venture back towards the old trend line prices followed for 6 months marked by the blue line. Will update as the trade progresses
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This was Gold before it was approved for an ETF.
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After it was ETF approved.
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Whales are buying the rumor of this ETF.
September is when the SEC votes, comment any info you might have about it :)
September is when the SEC votes, comment any info you might have about it :)
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Currently working on the retrace of the 3 wave.
How low it will retrace is yet to be decided. Price looks like current support is weak which is why i expect prices to bleed a little further to complete this 5th wave down. If prices hold support at current levels I will update my wave count. For now, I expect price to go lower
How low it will retrace is yet to be decided. Price looks like current support is weak which is why i expect prices to bleed a little further to complete this 5th wave down. If prices hold support at current levels I will update my wave count. For now, I expect price to go lower
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Bigger timeframe perspective.
Watching to see how price reacts to this descending resistance.
Will the bulls claim this resistance as new support?
Watching to see how price reacts to this descending resistance.
Will the bulls claim this resistance as new support?