If you didn't know Bitcoin is approaching 'The' upper resistance, you must have been on holidays or just slept for days in a row.
I would like to point that indermediate wave (minor2) could fall pretty hard, like mentioned in my previous idea. (you can click the links below)
But no panic for those who 'think' the hot and sexy MOAC (Mother Of All Coins) will fall to such low levels as 4 or 3 or 2k or other uhum low levels like there was no tomorrow. It will retrace to the levels provided on the chart. Never say never, because you never know.. But same thing, we could all got hit by lightning, just saying. (over years, this will be likely when OVERALL sentiment comes over the market.) Not now, its just getting started. You can trade gold , bonds, indices and currencies for decades, of course, there will be a crash!
The is sleeping as you can see, so breakouts to the up and downside are possible now. When price breaks heavy through the smoothed MA's, the awakes and starts eating sell or buy orders. I'm guessing it would be sell orders, so price goes up. Look at your oscillator to see if or sentiment arise.
All levels provided on the chart - Trade with trailing stop losses to maximize gains and profits.
Bitcoin To Ash or To Heaven - Can you do something about it? No? Then why worry
Are you a smart trader, with a solid strategy? One who places stop loss and trailing stop loss? Yes? Then why worry
I could be wrong, but... Yeah, I dont think so. Even though, The author, el Magico Tomasso, also known as the Magician, forever remembered in the whole world under alias WhatsThatCrypTom, shorter CrypTom, initials C T is not responsible for any trading losses you may endure. Its your F. money. All very interesting information and chart analyses from C T are for entertainment purposes only.
When you don't know, just follow natures instinct!
MOAC (mother of all coins) VS Mother nature -
Dramatic Reversal, BTC will (now HIGHLY likely) Fall. Look at 4 hour chart. A 2 candle doji is a strong reversal candlestick pattern. Charts just are nature, price fluctuations are the reaction of natures rules, its, us. (Not only BTC, most likely alt will follow)