Greetings fellow traders!
If your way of Technical Analysis is strong...
Then the path will show you its way...
(*Asian sound effects*)
Short-Term & Mid-Term:
Unfortunately the symmetrical triangle is breaking out bearish. Need a bit more confirmation. Although if the upcoming candles closes significantly below the support. Then we'll probably see a bearish continuation. Not sure why people siding with the bears though. They probably have their reason. However, I am in doubt whether they realize it makes no sense to sell at this point. Especially in times like these... Regardless, this is good for bitcoin. Like we stated before, nothing goes up forever. If you have been analyzing bitcoin as long as some of us. Then you should know that cooldowns or corrections are inevitable. So, if it happens you do not have to be surprised, this was to be expected. Nonetheless, don't forget. This also means possible opportunities.
Long-Term:
Still bullish and waiting for the long term correction and pattern to emerge. Current approximate target 2021: 250K USD. See previous publishes for more information.
If you have any questions, do not hesitate to leave a comment.
Good luck, be careful and may the trend gods be with you!
If your way of Technical Analysis is strong...
Then the path will show you its way...
(*Asian sound effects*)
Short-Term & Mid-Term:
Unfortunately the symmetrical triangle is breaking out bearish. Need a bit more confirmation. Although if the upcoming candles closes significantly below the support. Then we'll probably see a bearish continuation. Not sure why people siding with the bears though. They probably have their reason. However, I am in doubt whether they realize it makes no sense to sell at this point. Especially in times like these... Regardless, this is good for bitcoin. Like we stated before, nothing goes up forever. If you have been analyzing bitcoin as long as some of us. Then you should know that cooldowns or corrections are inevitable. So, if it happens you do not have to be surprised, this was to be expected. Nonetheless, don't forget. This also means possible opportunities.
Long-Term:
Still bullish and waiting for the long term correction and pattern to emerge. Current approximate target 2021: 250K USD. See previous publishes for more information.
If you have any questions, do not hesitate to leave a comment.
Good luck, be careful and may the trend gods be with you!
