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