Bitcoin Going Up?! Basic charting BTC, ETH, VET, CEL

in LeoFinance4 months ago

image.png

It's happening!

Day after day, week after week, month after month! We've been waiting for a move in the crypto market for so long! Sometimes it almost felt like it was never coming... but it's now upon us.

It's happening folks! Bitcoin is finally going up, and it seems to be breaking through all the trendlines.

BTC

On the non-log chart, it broke through the bear market trendline and it pumped like crazy! Non-log was an early sign of bullishness, I even tweeted about it yesterday morning:

With the way the market is looking you wouldn't catch me shorting... Just realized that the non-log chart broke through the bear market trendline, which is an early sign of strength! Now we just need a close above $10.900 to get a huge pump in my opinion. $BTC #BTC
#Bitcoin

image.png
Non-Log Chart. Check the red arrows and the trendlines, once it breaks it goes up.

Now, the log-chart is an even better sign of bullishness, mainly because the price needs to go even higher to confirm a breakout out of the bear market trendline in the log chart... and guess what! It did...

Right now the price broke through the bear market trendline on the non-log and the log chart! This is so bullish that I can't even describe it! Last time we did something like this we went from $3400 to $14.000! That's right, last time we did this it was followed by a huge pump only three days after!

image.png
Log Chart. Check the red arrows and the trendlines, once it breaks it goes up.

Not sure if it's going to take three days or longer, let's hope that this isn't a fakeout (I doubt it), but if this is for real, get your asses ready for prices between $18.000-$14.000!

VET

VeChain, one of my main bags is reseting the indicators, after a huge move up from $0.003 to $0.021 it needs a rest and maybe even a retrace to get ready for the next leg up which will probably only happen after Bitcoin does a new ATH (above $20.000).

image.png

This is a long-term hodl, so I'm not in it to trade. But it's always good to analyze the charts and see how things are going.

ETH

Another of my long-term bags! Not as big as VeChain but has a decent size. It broke from the bear market trendline consolidated and it's now on the move up. It's doing what I expect Bitcoin to do after it consolidates, so in a way, we can say Ethereum is the one leading the market!

It's under heavy resistance, might have to calm down before bursting through, but I expect for it to continue to go up! This is a new paradigm the bear market is, in my opinion, soon to be a thing of the past.

image.png

CEL

This is also one of my bags that I want to HODL long-term, it seems the indicators are reseting without much dump price-wise... Long-term this has all the fundamentals to go up in price and has real demand coming from a business...

It's in a channel going upwards and the only time it went under the midline of the channel was when Covid hit the whole market, so worst case scenario it drops to the bottom of the channel, but I think it will bounce in the midline of the channel and keep going up...

image.png

I do this Charting to keep an eye on the market, to know what to expect from my bags and if some look better to buy then others.

Celsius Wallet App Button

Images Free Source - 1, 2,3,4,5,6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 - Tradingview snapshots too.

coffeseparator bigger.png

Question of the day: Are you expecting BTC to keep going up or do you think it's fake pump before going down?

coffeseparator bigger.png
Convert your Bitcoin to EUR/USD : Coinbase
Buy all kinds of Cryptocurrency: Binance
Join Steemmonsters, one of the top dapps on blockchain: Stemmonsters

coffeseparator bigger.png

image.png

Posted Using LeoFinance

Sort:  

Man... I'm so glad I didn't took the advice of some self-appointed "TA Specialists" who call me dumb for holding on around the 4K and told me that, if I wasn't stupid, I would be selling everything at 4K and short it until BTC hit $800 or less. 🤣

In their own words: "BTC won't go above 6K anytime over the next few years. The only way from here is down." 🤡

Those so-called TA specialists are full of shitty TA... most of them use wrong indicators and shorting against the 200 weekly MA is just pure stupidity. I got a little scared when the Covid dump happened, but after the price held strong I was full bull mode.