Bitcoin Long Term Trend Analysis

7. Apr. 2020

Possible price action for bitcoin using chart pattern, support/resistance. Pink trendline is a technique used after confirmation of H&S pattern. I’m placing it here as I think that this may be the area of a local top. Price action can also move back towards the neckline and is the most common of probabilities with the H&S pattern (this is why there are so many arrows. And pink is the colour used to expound possibilities/probabilities)
No one knows what the markets will do . Anyone who claims to know is either lying, lucky or learning.

8. Apr. 2020

Kommentar

So far. So good. So what.

Following this trade down with a relatively tight 70% stoploss.

The remaining 30% is just a few dollars past break-even...... (worse comes to worse, I got me a free coffee in the morning)

Thanks for your likes and comments.

This is a long term trade outlook so if you could share it, it would be greatly appreciated.
Looks like all markets are staring at a very real possibility of some real pain and bitcoin/gold/usd is no different when we face an almost existential crisis.

Again many thanks and much love, hope and prayer to you and those close to you. Be good, stay safe and stay strong!