BitcoinLong
Bitcoin successfull breakout of falling wedge?
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Bitcoin is acting promising in the last days. Doomsday predictions everywhere but Bitcoin decided to go fully horizontal.
This could mean few things. First, there is not enough buying power and price is standing pretty much in no trade zone.
Or that could also mean that someone is silently accomulating bitcoin. Waiting for every minor drop and do a purchase, and repeat and repeat until it's to late for retail investors to buy for a discounted price.
This is the first promising sign in the last week, also correlation between Bitcoin and stock market changed a bit (finally). So let's see how this plays out :-)
This could mean few things. First, there is not enough buying power and price is standing pretty much in no trade zone.
Or that could also mean that someone is silently accomulating bitcoin. Waiting for every minor drop and do a purchase, and repeat and repeat until it's to late for retail investors to buy for a discounted price.
This is the first promising sign in the last week, also correlation between Bitcoin and stock market changed a bit (finally). So let's see how this plays out :-)
Note
Channel was broken which leads to price increase.No we are facing first local resistance (blue), and then a major resistance (orange)
Note
First target reached.Note
Bitcoin is a monster.Target reached.
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