Saved by the Wedge? Bitcoin Chart Tech Analysis from 20 Sep 2021 (How has this aged?)
My #bitcoin Post from 2 days ago:
I am a self taught trader using simple chart analysis tools & trading strategies. Do you think this article / chart analysis has aged well? Original Post Below:
I have updated the Bitcoin Graph. There seems to have been a #selloff in the Eastern #bitcoin exchanges. Often this is the case as traders + institutions sell off for the inevitable buy back from the #european and #usa buyers. I am hoping for a push back up into the green wedge (triangle) as this is the area we want to be in for #bitcoin to reenter the #bullmarket
As for my previous post... I did mention -and need to highlight again- that the $77k Bitcoin could be a few months away. We are still in a bull (buyers) vs bear (sellers) battle at the moment. One of my less optimistic predictions sees BTC drop to just under $40k per BTC before being supported by the buyers.
If you are feeling disheartened by the sells offs, remember that #bitcoin touched $29k exactly 2 months ago. What would you have given for your Bitcoin to be worth $45750 back then?
THE END
Trade wisely and #hodl when you aren't sure what to do. This is not financial advice, educate yourself before trading. Uneducated trading is the same as gambling!
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