Technical Analysis:
- Mid-Term View: 1-3 weeks
- All patterns pointing to a bullish reversal over the coming days and weeks
- Downward pointing wedge = Bullish
- Pink Wedge Lines
- Triple Bottom = Bullish
- Break below the long term dotted trend line could be seen as a BULL WICK
- Inverted Head and Shoulders = Bullish
- Area between points 2,3,4, & 5
- Downward pointing wedge = Bullish
- RSI is already oversold and reversing
- Buying anywhere between $6400-$6600
- Targeting $7050-$7200 in the short term
- Retracement between $6650-$6800
- Targeting $13,000-$14,000 in the longer term
- Retracement to $10,000-$11,000
- Stop loss at $6300
- IMPORTANT to NOTE that a continued move down to $5800-$6000 is a possibility if BTC breaks below $6430
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- LITECOIN: MNwqCX6HoU6MeU9SRwNakT3iHEkfrig2YB
- BITCOIN: 3MwvZ6Q7R7dtSR8P1o5bb3oz4hegwtSuiR
- BINANCE: 0xcaf1e0cd3de21a7d27497a95f8196f74a073ad76
- ETHEREUM: 0x4c8d59799E6EF1faE64Bc40D1668B77DD8d5e9Ed
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LEGAL DISCLAIMER:
I am not a financial advisor, nor is this intended to be financial advise. I encourage you to do your own research considering this blog is intended for me to document my own personal analysis, charts, trading decisions, and experiences. If you would like to learn more about trading, cryptocurrencies, and the resources I used to learn how to trade and invest, see my previous post - LINK.