Team Underground
VIDEO TRANSCRIPT
So Bitcoin is potentially setting up to have a massive move towards ten thousand dollars this week. I have some very, very interesting analysis to show you guys that this might become a reality. So definitely stay tuned. This is Bitcoin. Everything can happen, but there’s some very, very interesting signs that I will talk about in this video on the why I potentially see Bitcoin going towards ten thousand dollars this week. Now, first of all, you can see the Bitcoin is a little bit in a triangle pattern. This is not a perfect triangle pattern. But what this is telling me right now is that Bitcoin is holding its level and that it’s actually a very, very bullish sign for me, especially because this is a very, very important level for a Bitcoin. This is, of course, the long term channel that I have been talking about in many of my videos. You will see this is a very, very long term threat line. And you can see right now Bitcoin is going a little bit sideways on this level, but it does manage to find, again, support on this level, which is for me, a very, very good indication that this is likely not going to be a fake-out. And that probably means that Bitcoin is going to continue to go higher. You can see that whenever Bitcoin found some decent support on this threat line, that it always managed to have very, very nice moves to the upside. This is my first major sign that I’m right now thinking, OK, this is looking very, very bullish for Bitcoin. Bitcoin broke such an important trend line. It broke so much. Important levels that I believe the base of previous price analysis. I am going to be expecting the price to continue to the upside. The question is, when is this going to happen? Is this going to be tomorrow? Is this going to be next week? Or maybe it’s going to be a couple of months from now? Well, I believe right now that Bitcoin is setting up for a new move to the upside. And it has some very, very interesting analysis to show that I actually talked about in a video a couple days ago. So what I said is, first wait for the bulls to confirm this outbreak. I’m going to wait for a continuation pattern right over here. And this is what I’m potentially going to be trading. You have confirmation from the bulls. And then when you get that potential continuation pattern, that’s where you potentially are going to be looking for a long or a buy or whatever like that. That’s generally a little bit how I trade. And so far, it’s looking like that is happening. So you get that confirmation. And right now you are potentially waiting for that continuation pattern to play out. And then you might long or by when the outbreak happens that you can’t see it right now. It’s a little bit in a flat formation. This is a triangle pattern and this looks to be a very, very standards continuation pattern. And which was well, could say is that this is going to be a double bottom, which is as well a continuation pattern. And you can see something similar right over here. So this is where I talked about in a couple of days ago where you get that breakout out of a long term pattern. Then you’re going to wait for that breakout right over here. You get that confirmation and then you’re going to be waiting for the continuation pattern, which right here as well as a triangle pattern, as you can see. And then in this instant, you’re going to be shorting the markets. Once it breaks this triangle pattern to the downside and then that’s where you are going to see that large move to the downside. This is a very, very nice setup that happens a couple of months ago. And if you look at something like this, then you could say like, hey, the big move is still about to happen. This was only a very, very small move compared to what follows just a couple of days later. And so potentially you might be looking at something similar over here where Bitcoin as well as in a very big long term west pattern. It broke it to the upside. Now you get that continuation pattern. And potentially this is only going to be the start of a big move to the upside. And this is potentially yet just going to be the start of a much bigger move to the upside. And what’s also very important to talk about is the immense strength of this move to the upside Bitcoin. It really hasn’t seen any move like this in quite a while. This was about 22 percent to the upside. This was about one and a half days. So this was an extremely big move to the upside in a very, very short timeframe. And you can see the last time that Bitcoin did something like that might be right over there. And then you can see that this is we’ll have a continuation to the upside. Now, you might ask, how could you potentially be trading a movie like this? Well, of course, this is not financial advice. This is just a little bit of a trading I.D. that I had in mind. I’m definitely not a financial adviser or anything like that. But, yeah, potentially we are looking at this becoming a larger than, well, Wallum pattern, something like that. And then you might be interested in launching Bitcoin once it breaks are both at previous high right over there. And then you might want to put your action somewhere all the way at ten thousand dollars and it would line up very, very beautiful with that high over there and that high over there, which I believe is going to be the first major resistance if Bitcoin is going to break to the upside. So you might be looking a little bit like a setup like this. Now, something else that I’m looking at right now is this white up or straight line. There’s a good chance the Bitcoin will continue to go sideways on this level until it hits this threat line, which is in about two days before it gets new. Move to the upside and Bitcoin did something similar right over here, where it kind of had a move to the upside. It went sideways until it hit the straight line. Now move to the upside. Went kind of sideways until eventually, it broke that threat line. And so, again, you might be looking at something similar where Bitcoin just kind of goes sideways until it catches the support of this upper strapline before getting a new move to the upside. So these are all scenarios that I’m looking at right now. Again, Bitcoin broke major, major important levels. And it looks so far like this is going to play out as a continuation pattern. So I believe this could be a very, very nice trading opportunity. Now, keep in mind that this is Bitcoin and Bitcoin can do anything that as months go up, it can go down. It can go sideways. Of course, do your own research and be very, very careful when you are trading. Biggest trading is extremely risky. Now, this was the end of the video. I hope you guys enjoyed this video. Make sure to join Free Telegrammed. The link isn’t a description, and I hope to see you guys in my next video. Bye-bye.
