9/17/20 Quick look at Bitcoin

9/17/20 Quick look at Bitcoin


Btc/usd 1w

Eyes on the Prize

Disclaimer, I am not a day trader, short term, nor expert charter. I’m just an average guy here learning the ropes. That being said, I am well invested in bitcoin, along with ethereum, and Tezos to round out my top 3 hodlings. Here for the long game, so I look at things from a wider perspective, a wider range.

Looking up at the picture above, I believe if Bitcoin closes over the $10,800 level on the weekly chart, it will trigger a lot of buys and overall sentiment will turn super bullish, in my opinion. 

On the chance of an unforeseen black swan event, inevitable second Covid wave, etc., I always keep dry powder in the tuck, to take advantage of some delicious discounted crypto. 

 

Btc/usd 1m

TAKING A FURTHER STEP BACK

Here we have more evidence on the monthly chart of that $10,800 level (blue horizontal line)to be a strong signal if we close above it. Only a few weeks until October to see if this plays out. Time is the best teacher! 🙇🏻‍♂️

 

*As always this is not financial advice, solely my opinions based off basic charting* 

 

*DO YOUR OWN RESEARCH*

 

🧠 GROW AS YOU GO 🙏🏼 

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Cryptopher Calcano
Cryptopher Calcano

I missed the second boat after the 2016 halving. Locked and loaded for this institutional cruiser heading towards mainstream adoption!


Art of the Charts
Art of the Charts

Technical analysis, basic charting and the psychological impact on the markets

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