Bitcoin sets up a potential head and shoulders on the daily chart. As bitcoin price continues to see resistance at $10k, will the btc bulls be able to break resistance?

#Bitcoin #btc

Cycles of Bitcoin – https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative/

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Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price moves in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.

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22 COMMENTS

  1. Queue Axl whistling: Said “Sugar make it slow and we’ll come together fine, all we need is just a little patience”…Dan, you’re my TA sugar…All we need is just a little Patience…

  2. We finish the cup and handle around the $8.5K price. We just entered the last leg of the ABC correction, it line's up with FIBS, we have Bullish Div on the 2D. MACD looks like it's waking up. We shoot up to $14K after this last leg down.. AND FAST.

    Or.. we don't get the MF needed and we drop lower to the levels you mentioned. which. HELL YEAH. I'll buy some cheap BTC. And there's gonna be a TON of good swing trades on the way down.

    WIN / WIN here.. I think

  3. Said it before will say it again. It had been 10k and above for a week now, if you predict 8500 why are people still holding? All these 'long term holds' just lose you money. Predicting these shorter term moves is all fine and dandy but they dont do anything for you if you arent taking advantage of them. But the main issue is this major uptick since the expected Dec lull BTC is by far the worst crypto in terms of returns. Some coins tripled in price to that peak last week. Most at least doubled. In the grand scheme BTC is a 'useless' 'investment' coin. Even if they go to 8500. I think under 8K is possible. What is the price by the halving? Even with a new all time high and say 25K. (I think that is beyond dream land) but thats 3.5 times roughly. THAT would be good. But how many others will more than triple on BTC coat tails? IMO 15K would be much more realistic.

  4. Could go either way. Im ready for 12000, Im also ready for 6500. I turned off all my indicators today and worked on reading candle signs with confirmations. Surprisingly accurate. Now when I turn the indicators back on I hope my perception is heightened. Every little edge helps.
    Go Crypto!

  5. What about your ultra bullish broadening wedge pattern video from yesterday ….? I mean you pointed out there are so many different patterns but you’ve gotta at least acknowledge your video from yesterday ,
    Apart from that, love your long term trend analysis and I am a genuine fan.

  6. Bitcoin ☘️? spring 2020 mining reward halving yet another day closer…….

    Reminder of good news for Bitcoin and Łitecoin.The Winklevoss partnered SPEDN app is now integrated with @NCRCorporation They are one of the largest point of sale companies in the WORLD! This should enable payments in thousands of additional outlets. ?

    Ref Payments expert JonMoore BTC/LTC twitter feed

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