thomasfar6

BITCOIN - POTENTIAL TARGETS!! / Ascending triangle.

BITSTAMP:BTCUSD   比特币/美元
Potential targets for the Bitcoin             price, huge rallies always need their correction so do not be surprised if you see a pullback in Bitcoins             price anytime soon. That's not to say the price will not continue it's growth if we break through the current resistance we could see prices of $9,000.

  • Resistance - Orange.
  • Support - Purple.
1) Ascending triangles are bullish
2) Your trend lines for the ascending triangle are not strong trend lines. The top resistance was touched twice in a 2 hour period and never before.
3) You are calling top on a highly speculative asset

But yes I agree that BTC needs a pullback.
+1 回复
thomasfar6 Altinvesting
@Altinvesting, I never said ascending triangles were not bullish, I also never called a top.
回复
thomasfar6 thomasfar6
@thomasfar6, But thank you for your comment!
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