BTCUSD Bulls Challenging $400. Crash Cycle Disbelief->Hope Soon.
Following up from my tweet on 10th Feb 2016 about $BTCUSD:
"Bitcoin looks like it's about to break out this week. #drumrollplease"
twitter.com/onemanat.../697296745005322240/
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Bitcoin has broken up from its short-term consolidation zone as shown in the pink triangle on the right. Although heavy volume candles have not shown themselves in this $20 move so far, trading volume should increase significantly in the coming days and weeks, as we head to re-test a significant resistance and trend-line from the $502 peak in Nov 2015.
Next targets are at $420 and $438, and also holding onto spot BTCs as we head into halving in July 2016. That leaves us with slightly under 5 months until the 2016 Halving day for Bitcoin. This move could see us blow right through 440 and 502, or at least bring us much much closer to that scenario. Time is running short for MM to line up this pump before halving, could this be it?
I think what we've all been waiting for for over 2 years is here. If we're nearing the end of "Disbelief" phase, we should be arriving at "Hope" very soon.
I know everyone's excited to see how this will play out, so share your thoughts on Bitcoin price action and any fundamentals that may have an impact on BTC.
Comment below, or tweet me at @onemanatatime!
"Bitcoin looks like it's about to break out this week. #drumrollplease"
twitter.com/onemanat.../697296745005322240/
======
Bitcoin has broken up from its short-term consolidation zone as shown in the pink triangle on the right. Although heavy volume candles have not shown themselves in this $20 move so far, trading volume should increase significantly in the coming days and weeks, as we head to re-test a significant resistance and trend-line from the $502 peak in Nov 2015.
Next targets are at $420 and $438, and also holding onto spot BTCs as we head into halving in July 2016. That leaves us with slightly under 5 months until the 2016 Halving day for Bitcoin. This move could see us blow right through 440 and 502, or at least bring us much much closer to that scenario. Time is running short for MM to line up this pump before halving, could this be it?
I think what we've all been waiting for for over 2 years is here. If we're nearing the end of "Disbelief" phase, we should be arriving at "Hope" very soon.
I know everyone's excited to see how this will play out, so share your thoughts on Bitcoin price action and any fundamentals that may have an impact on BTC.
Comment below, or tweet me at @onemanatatime!
