Why Bitcoin May Be On The Verge Of A Powerful Move
Bitcoin has been in a long, decending triangle for a number of months. It is not getting to the apex meaning that the largest cryptocurrency is about to make a move.
The key support level is $6,000. A break below this would be very bearish especially on volume.
Equally as true is an upside break. Normally a descending triangle that reverses is a very powreful sign.
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Agreed, descending triangles and triangles in general tend to "coil" power for an asset. This will spring the asset in either direction. my bets say it may be to the downside since we are in a downtrending market, but I have no crystal ball.
If you have a moment, please take a look at my recent article. It's just a short excerpt about Elon Musk, but with an important message at the bottom about my mission. Your support is greatly appreciated.
https://steemit.com/bitcoin/@cryptomeeks/udki8buw
Looks like to me it broke the trend with the last push up! We are going to see some major moves in the coming months.
hope it is as you say.
The Bulls are coming...
They all kept saying this...
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The question is when?
Nobody can tell
So much going in the background but no sign of pull up.
May be good from the volatility aspect but I thought I would see a steady rise, not happening yet.
I’m waiting eagerly but patiently.
It’s hard to digest there is blockchain technology out there which is great in every way of the existing system apart from scalability and security, I know these are key issues but the technology should be adopted to address these issues.
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I think bitcoin is going to take off
De acuerdo con tu apreciación
Buy buy buy! :D
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Great post!
Thanks for tasting the eden!