The use of the sideways price action at the top as a point for the wedge is a bit of a stretch for me. The only points I'm seeing so far are the pink dots.
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Question of the Day: Have you ever been to an airshow?
Bitcoin Thread
- Thread starter Dan C
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What happened?
HavocXphere
Honorary Master
Not too much I hopeI bought most of my BTC at ATH
SaiyanZ
Executive Member
Green candle forming. The $6200/$6300 region will be tough to crack so sideways here will be good for bulls. Musn't go back to $5900 now. I think we shouldn't go down below $6000 again in the short term. This move is looking strong.
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Heh - that green just came outta nowhere
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SaiyanZ
Executive Member
Heh - that green just came outta nowhere
It was the good old dump/pump move. Dump it a little to make people panic sell/short. Then pump it all the way to $6k. Short squeeze and FOMO takes care of the rest.
Edit: Shorts are still fairly high. So many didn't close their shorts at $5800 or get squeezed. So real squeeze should come above $6300.
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SaiyanZ
Executive Member
Yeah!
Sideways movements are great for trading and accumulating
You should be trading alts in the meantimeYeah!
.That's what I'm doingYou should be trading alts in the meantime
. My strategy is to accumulate by trading more coins/tokens of the project I believe will succeed.Cool.That's what I'm doing
As soon as BTC stabilizes a bit I'm gonna move it back into alts.
Will be nice to get back into the altcoin thread in the coming weeks / months.
Good luck with your trades.
unless you have accumulated enough and want moon.
SaiyanZ
Executive Member
Seems like it's still ok for bulls. The next pump to +$6300 should come after a small drop to the $6100/$6000 region.
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