BitcoinLong
BTC 4HR-IS SHE GOING FOR IT AGAIN? THE TRIANGLE WITHN A TRIANGLE
Hello All,
As I wake up this morning and do my routine BTC analysis, I can see that BTC is thinking about making another push higher and maybe its soon to be LEVEL hunting season. We currently are at 6500 and have run into some resistance at 6550 which must be taken out for any chance at a run to 6800 and beyond. Another thing to take a look at is that we currently are in the middle of the Bollinger Bands and right at the point of control when we take a look at the volume profile indicators. So in all this is a sticky level and as i always say we are going to require some nice volume to help break us up (MAYBE EVEN A SHORT SQUEEZ) as those who got short in the low 6000's have yet to capitulate their positions in my opinion. THEN THERE IS THE DOUBLE TRIANGLE FORMATION ALMOST LIKE INCEPTION BUT IM GOING TO STICK WITHT THE INTERIOR LAYER TRIANGLE THIS TIME AND NOTICE THAT WE BOUNCED AT ITS BOTTOM AS WELL AS THE BOTTOM OF THE BOLLINGER BANDS GIVING US DECENT SUPPORT. THIS MIGHT BE THE SETUP I WANT TO GO LONG A TINY PULL BACK FROM HERE TO GO LONG IF WE HOLD .
I DID LIKE THE GOOGLE AD BAN REMOVAL AND FOUND IT GOOF FOR MARKET SENTIMENT AS WELL. I LIKE YOU USE THE NEWS TO HELP PUSH MY TA
After years of trading I'm finally going to be sharing my thoughts and analysis of the markets on a daily basis.
Please follow me and give me a like as I continue my adventures in the Crypto Markets.
Comments and Discussion are always welcome as the views of the many trump the opinions of the few.
This is my own personal analysis and I do not give financial advice.
As I wake up this morning and do my routine BTC analysis, I can see that BTC is thinking about making another push higher and maybe its soon to be LEVEL hunting season. We currently are at 6500 and have run into some resistance at 6550 which must be taken out for any chance at a run to 6800 and beyond. Another thing to take a look at is that we currently are in the middle of the Bollinger Bands and right at the point of control when we take a look at the volume profile indicators. So in all this is a sticky level and as i always say we are going to require some nice volume to help break us up (MAYBE EVEN A SHORT SQUEEZ) as those who got short in the low 6000's have yet to capitulate their positions in my opinion. THEN THERE IS THE DOUBLE TRIANGLE FORMATION ALMOST LIKE INCEPTION BUT IM GOING TO STICK WITHT THE INTERIOR LAYER TRIANGLE THIS TIME AND NOTICE THAT WE BOUNCED AT ITS BOTTOM AS WELL AS THE BOTTOM OF THE BOLLINGER BANDS GIVING US DECENT SUPPORT. THIS MIGHT BE THE SETUP I WANT TO GO LONG A TINY PULL BACK FROM HERE TO GO LONG IF WE HOLD .
I DID LIKE THE GOOGLE AD BAN REMOVAL AND FOUND IT GOOF FOR MARKET SENTIMENT AS WELL. I LIKE YOU USE THE NEWS TO HELP PUSH MY TA
After years of trading I'm finally going to be sharing my thoughts and analysis of the markets on a daily basis.
Please follow me and give me a like as I continue my adventures in the Crypto Markets.
Comments and Discussion are always welcome as the views of the many trump the opinions of the few.
This is my own personal analysis and I do not give financial advice.
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