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RE: [ Bitcoin ] Bitcoin Breakout. Will the Bulls take control?

in #bitcoin8 years ago (edited)

I called it ;)

Current balance looks really weak volume wise:
1.png
And we're forming a massive bearish descending triangle on the daily... doesn't look good if you ask me:

5.png

No need to chase every single mini rally, wait for the big moves on strong volume at key levels. Beside, I doubt will see some strong bullish move as long as mainstream stays on the sidelines, there is simply not enough new money coming in to sustain such high prices, hence the slow grind down.

Cheers!

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Very good @tradealert. The chart is to small and I cannot see your prices. What are your lower levels for Bitcoin?

Just read it. very good. Thank you.

My pleasure mate :)