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Title: Bitcoin Breakout Success Post by: Mophymac on June 09, 2024, 11:48:49 AM Bitcoin is continuing its uptrend following the Elliott waves pattern. Currently, it's trading within a symmetric triangle pattern, which typically breaks in the direction of the prevailing trend. Get ready for a big move after the breakout
Bitcoin.. Bitcoin is trading in a range, and we’re currently in the NO TRADE ZONE. Now’s the time to get strategic! Place your buy orders in the support zone to grab Bitcoin at the bottom, then accumulate for the mid-term and hold tight. A big rally is on the horizon, so get ready for a powerful surge. Title: Re: Bitcoin Breakout Success Post by: Article4tip on June 09, 2024, 12:06:36 PM This should be posted in the trading or speculation sction of the forum.
Title: Re: Bitcoin Breakout Success Post by: Pmalek on June 09, 2024, 12:29:08 PM I am not a trader and will not try to pretend I can read charts and predict price movements, but I do know that you can't look at bitcoin and bitcoin alone to determine where the price will go. Just look at what happened in the last couple of days. Bitcoin was trading in the range of $71 to $72k, and people were predicting that a new ATH is just around the corner because of this and that reason. What happened? The US dollar index strengthened compared to other national currencies, which had a negative effect on bitcoin and caused it to fall to the $68-69k zone. Similar negative or positive news can always influence the market, regardless of what the charts and candles show.
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