2021-02-11 13:31:03
#Traveling_Trader
#BTC_Update
Cash, Paypal, Visa, Tesla, Mastercard, Twitter, very rich people, all buying Bitcoin, and imagine all the people we don't know about to and the businesses that are now getting in line to do the same. SNOWBALL incoming,. This is mass adoption, if you have been in this space, this is what we have been waiting for. This is just the start of something major. I said Tesla and 50k by the summer, it came way faster than I thought. We could be looking at a 100k-300k Bitcoin by 2022.
Bitcoin looks good today, nothing on the charts that look negative, we could see some grinding out of this 43-44k area before more upwards action. Watch the 4hr closes to see where Bitcoin will take us.
Ranges:
60k....Incoming
55k... When we get here look for a little rejection.
51.5k..... Next BIG resistance area. Look for a rejection here first. If we close a 4hr over this look for more.
48k.... .4hr close over this and we test the big 50.
45.5k........ Current resistance. 4hr close over this and more up.
43.8k..... Current support. 4hr close below this and more down.
43k...... Small support
40k..... Last hope of green dildos. 4hr close below this and we could be in some trouble.
Don't long resistance and do not short on support. Use this to help you with that. Before you enter a position, ask yourself, is this support or resistance?
When people are fearful, be greedy. Happy trading!
https://www.tradingview.com/x/4ggxrDnZ/
403 views10:31