This is why I think Bitcoin is breaking out from the bottom now.
This pattern is the same yet slightly different enough each time to throw traders off. Insiders have to mess with indicators, but they can't hide everything they are doing. If you know where to look patterns emerge. One indicator or pattern doesn't tell the whole story. But many indicators and patterns together paint a complete picture and that picture is in the chart above.
Look at the 1 year and 2 year MA. Look at the RSI. Look at the Hash Ribbon. Look at the Price Action. See the picture.
So yes, price action ALONE tells us to be bullish on Bitcoin. But also...search your intuition. We are living in an exponential world. Everything economical and technological throughout my lifetime has grown exponentially. Why wouldn't Bitcoin?
Anyway, focusing on price action look at the exponential growth trend. As long as this trend line is intact then it behooves one to be lean bullish.
If it breaks that trend line...great! Short the CRAP out of it! That line IS THE LINE IN THE SAND for me!!
I hope this analysis helps you grow in your understanding of this beautiful thing called Bitcoin!
Peace, Love, & Crypto,
B166ER
This pattern is the same yet slightly different enough each time to throw traders off. Insiders have to mess with indicators, but they can't hide everything they are doing. If you know where to look patterns emerge. One indicator or pattern doesn't tell the whole story. But many indicators and patterns together paint a complete picture and that picture is in the chart above.
Look at the 1 year and 2 year MA. Look at the RSI. Look at the Hash Ribbon. Look at the Price Action. See the picture.
So yes, price action ALONE tells us to be bullish on Bitcoin. But also...search your intuition. We are living in an exponential world. Everything economical and technological throughout my lifetime has grown exponentially. Why wouldn't Bitcoin?
Anyway, focusing on price action look at the exponential growth trend. As long as this trend line is intact then it behooves one to be lean bullish.
If it breaks that trend line...great! Short the CRAP out of it! That line IS THE LINE IN THE SAND for me!!
I hope this analysis helps you grow in your understanding of this beautiful thing called Bitcoin!
Peace, Love, & Crypto,
B166ER
"You didn't come here to make a choice, you've already made it. You're here to try to understand why you made it."
―The Oracle
―The Oracle
