Post
Topic
Board Speculation
Re: Bitcoin Price Charts Hint at the Most Exciting Breakout in Over a Year.
by
Kemarit
on 19/05/2020, 02:08:28 UTC
Added to the OP:

Reading chart signals is an Art and not a Science. Looking at the fundamentals for BTC you could not get more Bullish than having the USA government creating Trillions in new fiat out of very thin air. People who are waiting now (for example) will probably still be waiting at ~$10,500 to see if the breakout is real this time, and later buying at a much higher price, right as the market is about to short-term crash.

That's the basis and fundamental way Bitcoin moves, support and resistance, -10% dump followed by 20% increase, so there's nothing new.

Now the market has traders trained to sell in the area of $10K since it worked so many times before. We are due for a major plot twist.

Yes, that a big psychology when the price hits $10,000 as traders might sell and to take profits. And then the dump will follow by an increase again. Its just a matter of time when are we going to hit the five digit, could be the end of the month.