Post
Topic
Board Trading Discussion
Re: I am Bullish On Bitcoin Despite Bear market
by
Zilon
on 02/01/2023, 18:49:25 UTC
I will buy Bitcoin and other crypto if it came to the 14k level cause I think that at time it should be pumped hard and almost cross 20k dollars in coming weeks.
Here is chart that I am giving technical knowledge.

Don't get surprise if the price falls below $14 because the wedge if forming a lower high, indicating a strong bearish push. If you look closely after the consolidation before (1) where the wedge starts to form, the highs didn't go above the previous highs and this keeps repeating. Position (5) on the ascending wedge will not cause any break out now because the wicks and trend isn't strong enough to push price up. This is a good accumulation phase where DCA comes in handy to be bullish.