Welcome,
Let me clear this straight outta your curious heads.Since you all know i believe in long term trading.Here's a clear picture of whats gonna happen next.
The above chart is a weekly chart for btc.i have posted a daily chart too for easy view of scenario.
look the two trendlines merging together perfectly and the trend and counter trendline being respected at so many points.
even the last weekly candle closed above the trendline while the ongoing week rejected the trendline and shooted up.
There's possibly two scenario from here-
1.The oscillataors r pretty strong rn. so btc heads towards 8000$ region(bull trap) and it melts right towards 6650$ region to be precise and even less likely to 4000$-5000$ region and finally from here the bull run starts.
2.It directly melts towards the 6000$ region and even likely to 4000$-5000$ region and then the bull run starts.
Now how do you know whats the either option its gonna head to?
well keep an close eye to the closing of the daily candle ,once it closes below the trendline after breaking it, follow the second option.
if it doesn't and rejects the trendline go with the first option.
-->Also i have shown the long term candle according to the fibo lines which matches perfectly with the levels mentioned.
GOOD LUCK WITH TRADING.
REMEMBER THE NAME.
For info,doubts and free advices,
D.M. my telegram team support- @samcryptocalls
Let me clear this straight outta your curious heads.Since you all know i believe in long term trading.Here's a clear picture of whats gonna happen next.
The above chart is a weekly chart for btc.i have posted a daily chart too for easy view of scenario.
look the two trendlines merging together perfectly and the trend and counter trendline being respected at so many points.
even the last weekly candle closed above the trendline while the ongoing week rejected the trendline and shooted up.
There's possibly two scenario from here-
1.The oscillataors r pretty strong rn. so btc heads towards 8000$ region(bull trap) and it melts right towards 6650$ region to be precise and even less likely to 4000$-5000$ region and finally from here the bull run starts.
2.It directly melts towards the 6000$ region and even likely to 4000$-5000$ region and then the bull run starts.
Now how do you know whats the either option its gonna head to?
well keep an close eye to the closing of the daily candle ,once it closes below the trendline after breaking it, follow the second option.
if it doesn't and rejects the trendline go with the first option.
-->Also i have shown the long term candle according to the fibo lines which matches perfectly with the levels mentioned.
REMEMBER THE NAME.
For info,doubts and free advices,
D.M. my telegram team support- @samcryptocalls
did u take that the call or not??
look at the chart above.
melted just at my gven position.
times abt to take a roll guys. stay tuned for further update.