calm before the bitcoin storm

Calm Before the Bitcoin Storm!



This will be a quick read and hopefully insightful for all right now!


TREVOR BALTHROP BITCOIN CHART

It is Saturday, July 18th, 2020 and Bitcoin is still worth over $9k USD

 

The price has been pretty stable for a while.

 

Volume has been extremely low for a long time now.

all time wedge for bitcoin trevor balthrop july 2020

 

Bitcoin is inside of a huge wedge and fast approaching a big breakout that will only send it one of two directions.

bitcoin squeeze closeup close up trevor balthrop

It is at the top of this ginormous All-Time wedge.


Monday, July 20th, 2020 we might see the beginning of the storm that has been brewing for a long time now!

steve mnuchin trevor balthrop donald trump mike pence lady in purple blah blah blah

Congress meets up to try and pass more Stimulus for the US.

The Twitter Bitcoin fiasco this week has not caused the price to dump.

 

e7d93ad7648e23326e464d896db47c3796cb6646669dc7376be1059bafb3a2c6.png

This is a spooky phase for Bitcoin!


It is truly as close to 50/50 as it gets.
 
There is no telling the future but one thing that is certain is Bitcoin will go one way or the other.
 
And it will be very soon!
 
If there is no action by the 20th it will continue to get closer and closer to breaking wedges at support lines.

Now, this is just my opinion of course but in this graph,

here is what I predict the pattern will be!

trevor balthrop morning start breakout for bitcoin

 

That's only IF it breaks this wedge and it is bullish.

 

bullish breakout trevor balthrop bitcoin

 

Be 100% prepared for it to be bearish too.

 

trevor balthrop 2020 bitcoin shooting star all time

 

This is the chart where the off-colored red candles represent what it might look like if it doesn't break upward.
 
This is an All-Time Wedge
 
Let that sink in!
 
So far we are 18 days into July and this candle has been sitting right smack in the middle of both predictions.

 

If this chart is true it will be hugely volatile for Bitcoin any time now.

 

If not in July, then definitely in August as this squeeze continues to wreak havoc on everyone's patience!

brrr make me go grrrr

Thank you for reading, be safe, and be skeptical!

 

 

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TrevorBalthrop
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