Oh Snap! I just became a "Crypto" Technical Analysis by watching YouTube videos! Totally kidding! 🤣
So earlier today, I decided to jump on trading view and look at the Bitcoin charts and mess around making some triangles all over the place.
I'm not a professional or anything like that but I do know the "TA Basics" from my Stock Trading days. 📊
It looks as if we are in a Symmetrical Triangle (Drawn Above) and I expect a huge "Breakout" that is coming pretty soon.
These "Breakouts" usually come around at 70% of the" Triangle" and with decreasing volume, something big is about to happen pretty soon!
The questions is which way? It's anyone's guess. 🤷♂️
The chart seems pretty bullish to me and I expect when we break somewhere over $8200+ (and hold), we can see Bitcoin going as high into the deep $9000's. 💁♂️
Before you get all giddy and happy! I do however expect a 30% to 40% correction to happen in the near future.
Bitcoin is known to do that all the time! 😲
If we get rejected from the $8200 mark once again and fall below $7800 instead, we can expect it to drop pretty hard to the $6000's level. OH SHIT! 🤣
Please do not take my advice, I'm not a financial advisor! I'm just looking at the charts to see the what "probabilities" can happen from here.
If you are a "HODLer" for the long term (2-5) years... anything under $10,000 is a freaking deal in my opinion. 😬
So there you have it. My simple "Technical Analysis" for dummies like myself haha. Most people think it's bullshit (I do also at times) but it can be a tool to use in helping you make some good decisions when buying and selling cryptos.
Keep On STACKIN! 💞
~ Charles Fuchs
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In time this will all be a blur as the zeros are added.
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Many years from now, we will look back and say damn that was cheap lol
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I feel when BTC go up 9000 $ ... then it also start make steem go lot up and we can also get steem back up 1 $ . this summer will be very interesting.
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Hope thats a good guess!! :)
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We see :)
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I thinkin’ during the summer months, the markets might feel some pain and ramp up during the winter months but who knows 🤷🏼♂️😀
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We see :))
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Regardless, these surges are always fun to see
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Crypto peeps sure love volatility 😬
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This is gonna be exciting lets wait and hope for alts to pick up the pace too
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Maybe, I like these alts cheaper tho lol
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Does look like a move soon and considering the lower volume, will need to watch below! However, Litecoin may given it a bump hogjer the way that is looking!
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I’m watching the charts heavily the next few days 😬
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Nice, I like it! To me it just feels like it is a BTC coil ready to spring! But yeah going to still be happy if we get the corrections too, just gives me more time to collect!
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Totally right! Which ever way it goes, I’m prepared 😎
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Not sure where the hell the 9% gain came from but it was a very quick order as always. Must be some huge whales to be able to instantly increase or decrease the value of bitcoin by 9% in 15 minutes or less...
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WOW! Na man, I got inside info 😂😂😂😂
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Good TA, Im also thinking the same that we should drop in price. I would like to finally get a clear bitcoin trade instead of always breaking even every god dam time and actually increase the btc I have hahahahaha.
Patience... and yeh man, dam, I'm buying bitcoin even when its at 10k usd, no problem!
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This 2 month run of bitcoin has been nuts, I would’t expect to happen so fast.
I also heard the main run up was caused by tether printing 1 billion usdt since April 1st 🤨🤣
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Just remember Bitcoin failed to work on technical analysis 😂😂 from the Past few months it's price has been pumping & dumping based on the certain news 😂😂
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TA’s are just probabilities 🤣... an educated guess lol
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🚀 🚀 🚀
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🙌🏼🙌🏼🙌🏼
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I can see STEEM making you RICH !!
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Only need a million steem haha
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At Least....
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Looks like the breakout is really here
https://coingecko.com/en/coins/bitcoin
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😉
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Omg yes!!!! I wish the same for all other crypto and out beloved Steem! I’ve been reading a lot of negativity about the future for a platform and I’m like shut up LOL
Crypto is the future, the present and all that’s good financially! Hugs friend and tons of love your way!💕💎💕
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hahaha dude you made a quite accurate description looking into retrospect!
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Pretty good huh 😂😂😂
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Wow...It's like watching a storm gather...
How many here think this is a HUGE upcoming bull trap?...
I think we launch to at least 9.4k in the coming weeks...
then plummet back to 4.5k area?...Lot's of money to be made either way...
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I’m thinking around the $6k zone, tons of support there. But anything can happen with crypto 😬
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Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
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💯
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Hi, @stackin!
You just got a 0.3% upvote from SteemPlus!
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Now is between we fall to 6,000 or 9,000 target for bitcoin.
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I have noticed that with the recent pump in Bitcoin that the price of most altcoins have started going up and dor that i decided to fill my portfolio with valuable altcoins and also do daily trading on Veil
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Hi @stackin!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.549 which ranks you at #160 across all Steem accounts.
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HcUdcyAJknw82mN1KL0s
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