Could This be the Last Day Bitcoin Trades Under $20,000?

in LeoFinance2 months ago

Direct from the desk of Dane Williams.



Hey team,

Here's a thought for you to ponder:

Could this be the last day Bitcoin trades under $20,000?

Take a look at the intraday price action after we this week bounced off resistance at the previous all time highs:

BTC/USD Hourly:
Screen Shot 20201204 at 10.09.20 am.png

That doesn't exactly show that the bears regained control of the market, does it.

Sellers rejected price off the all time high level, but there was zero follow through on the move and we're already back at resistance.

With Bitcoin in a huge bullish trend on the higher time frame charts, I'm in no way looking to sell this resistance zone on the second touch.

BTC/USD Weekly:
Screen Shot 20201204 at 10.10.40 am.png

It's going to keep going...

I can feel it in my waters.

Best of probabilities to you,

Dane.



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Its forming a grand support to fly above

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Just remember that it's resistance, until it's not anymore ;)

"Co Founder of two kids"

This made me lol when I clicked your profile.

Thanks for stopping by :)

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With the current bull, I think it will keep going, at least that is what we are all expecting from it and even if it crashes or wants to fall back it wouldn't be that low, it is what I think though

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Pullbacks are a part of healthy, bullish price action.

Especially between daily support/resistance zones. In my opinion, it really doesn't matter what happens between zones.

We'll have to wait and see if you're right :)

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Then we wait, lol

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Yeah it's gonna keep going up, but it will crash to $15k when it's done.
The second time it goes above $20k will be the last time, me thinks.

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Those 75% corrections after major moves seem to be how Bitcoin rolls.

Using its volatility as an argument against buying Bitcoin always makes me lol.

The dumps may be big, but the pumps are always bigger.

The major risk isn't to the downside.

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If a rising tide lifts all boats, we are in good shape!
It looks like there is so much big money hype now it has to punch through soon.

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Would it be nice if we can able to ride the waves at high tide?

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Haha so much wisdom!!

If high tide is in fact on a pullback to daily support, then yes.

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Such wise words ;)

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