Actually, the Bitcoin is in an obvious pattern. There is the triangle. And there are the movements between the two edges into the corner to the break up or down, which one should wait patiently and prepared. With that I could finish the blog post today.
From experience, it has always been such obvious situations that market makers use to drive Bitcoin in a direction that most have not anticipated and that will ensure that the big herd is caught on the famed false foot. Well, that’s how the market makers make their money. Chart technical is clear, what would have to happen. The Bitcoin would have to fall back down to the bottom of the triangle at about 9,400 USD (Bitstamp). With a high probability, he will do that too.
If they wanted to push the Bitcoin and the Altcoins up, now would be a good time. This is shown by the view of the logarithmic 1-day chart of Bitcoin (left, Bitstamp on TradingView) as well as the view of the logarithmic 1-day chart of Ethereum (Bitfinex on TradingView). At Ethereum you can see very nicely that it is already much further in the decisive tip. The next two to three days can bring either a real surprise, so an outbreak to the top, or the continuation of the pattern described above. It will be exciting. Time for increased attention.
Based on my eToro account, CryptosWithB66 means that if it breaks up, I will try to take more long positions as cheaply as possible for my buy-and-hold approach. The 7 coins I invest in are Bitcoin, Ethereum, Ripple, Bitcoin Cash, IOTA, Litecoin and, more recently, Binance. Currently I am invested with about 28% of my capital. Should it rise, I would have liked to have more. Should it fall, I would like to have invested less. I once took the safe middle way.
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