Post
Topic
Board Speculation
Re: Bitcoin Price Charts Hint at the Most Exciting Breakout in Over a Year.
by
onrise
on 19/05/2020, 10:50:44 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.

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.

10k is a and long-time wait for millions of people from past many year. Some time back it had crossed and fallen back and hopefully this time it can break and sustain this level for some time. If it does it we will see an upside move in coming time and I do expect that some investors may jump in as well if it breaks the 10k level making the prices to rise upwards.