Simple Chart Analysis
Hello Everyone. I keep my charts pretty simple (as I am simple).
I am very weary of people saying that pullback is so near. WHY hasnt it happen yet??? I think it definitely would have by now.
Looking at the chart, we see the timelines of the previous two down and up cycles (in the little channels). I think we may be doing another. This is fine. They seem to last 50-55days.
Per my chart, (this is not rigged!!) It screams that we will hit 6000$ at the end of this cycle as we have all hoped. So much money came in in early April, and were not going to just short it this quick--- whales arent going to dump at 5350$!? Heck no, 6k is the goal.
Obviously, this chart and analysis is invalidated with a (daily) close below the bottom channel line.
AM I RIGHT? (I could certainly be wrong, so please dont take this as financial advice). All I am saying, is those continually calling for a pullback are howling in the wind at this point, we are still going up (or, so it looks to me).
Share your comments below! Please, change my mind / confirm it! Let it all out down there in the comments section.
ALL MY CHART IS BASED ON IS:
Channels-- recent channel history and timeline
People screaming for 6k (and it would be good to test this level anyhow!!) Were going to eventually. Lets test it now! If we dont, we will go back, take awhile to come back up/etc.etc. It will only DELAY any future bullish trends. Bulls dont want this. They want to see that we can knock on 6k's door here.
After all the controversy, we did not drop-- perhaps we could have--- but someone(s) saved us from dropping that day. Are they looking to the future??
Dont panic sell if BTC shits 150$ in an hour, you have the right to panic sell if it closes below trendline.
Take care,
I am very weary of people saying that pullback is so near. WHY hasnt it happen yet??? I think it definitely would have by now.
Looking at the chart, we see the timelines of the previous two down and up cycles (in the little channels). I think we may be doing another. This is fine. They seem to last 50-55days.
Per my chart, (this is not rigged!!) It screams that we will hit 6000$ at the end of this cycle as we have all hoped. So much money came in in early April, and were not going to just short it this quick--- whales arent going to dump at 5350$!? Heck no, 6k is the goal.
Obviously, this chart and analysis is invalidated with a (daily) close below the bottom channel line.
AM I RIGHT? (I could certainly be wrong, so please dont take this as financial advice). All I am saying, is those continually calling for a pullback are howling in the wind at this point, we are still going up (or, so it looks to me).
Share your comments below! Please, change my mind / confirm it! Let it all out down there in the comments section.
ALL MY CHART IS BASED ON IS:
Channels-- recent channel history and timeline
People screaming for 6k (and it would be good to test this level anyhow!!) Were going to eventually. Lets test it now! If we dont, we will go back, take awhile to come back up/etc.etc. It will only DELAY any future bullish trends. Bulls dont want this. They want to see that we can knock on 6k's door here.
After all the controversy, we did not drop-- perhaps we could have--- but someone(s) saved us from dropping that day. Are they looking to the future??
Dont panic sell if BTC shits 150$ in an hour, you have the right to panic sell if it closes below trendline.
Take care,
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