Bitcoin technical analysis - Broke the 8k, don't FOMO in and buy now tho, wait for the confirmation

in #crypto6 years ago (edited)

Updated information on technical analysis for cryptocurrencies and stocks. (3).pngLegal disclaimer: I am not a financial advisor, the information here presented is for educational purposes, to foment discussion and help the community...

Hi guys,

This is my 1-hour chart for bitcoin, we do have volume and I marked on the chart prices that, I believe, are more likely for bitcoin to retrace to. Let's see if it goes to at least 9k to add more confidence that we had indeed a trend reversal. Bear in mind tho, that this might be a corrective movement, as I have been saying for weeks.

weekly chart, broke out of the ABCDE pattern(gotta wait for the candle to close above it tho):

Daily chart broke out of the ABCDE pattern as well(gotta wait for the candle to close above it tho):

and finally, here you have my YouTube video, LIVE stream, talking about bitcoin:

If you have questions, don't be a stranger, ask me here...if you want to have a chart analyzed, ask me here as well...

Thanks for all the support!

And as always, enjoy your trades!!! :D

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Kucoin:
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