Let the bitcoin ride!

3 июл. 2021 г.

Hey there, crypto lovers! As we see on the BTC/USDT chart, There's been two false breakouts so far. (eg. price breaking out out of a trend and going back inside the trend.)
While false breakouts are many traders' nightmares, yet no fear, my dear! because the good news is, that the more a trend's limit is tested and penetrated by the price, the weaker it gets. Yet it's early to call it an start of another bull run, in my opinion we are at the edge of the market deciding it's path.

TLDR: If the price breaks the trendline again, this time it's more likely to be an start of an uptrend. For confirmation you can wait for a pull back to see how the price behaves after a breakout.

Blessed be the bitcoin! ;)

6 авг. 2021 г.

Заметка

The price, alternated around the trend line for some time and now broke it. Now it is much probable the price is setting itself to start a bullish trend.
In the future few weeks, I believe we will see another pullback to shake out the last resort of the dumb money. Then I will be extremely bullish on bitcoin.

Until then, cheers for bitcoin!