On 8th June, I wrote about my technical analysis on bitcoin to my huge lovely (2) subscribers on Patreon and today I thought it would nice to share it with you all! Bear in mind the charts drawn up were from 8th June.
As you know many have made fortune from investing into cryptocurrencies especially from ETH and BTC. Recently it has drawn alot of attention because everybody is cooped out at home with more time to read and money to splurge.
Previously I wrote on my blog about bitcoin was in 2017, evaluating on should we buy when it was at 2.4k. I wasn’t that lucky because I didn’t put all the money I had, as I’m was an avid advocate of asset allocation.
Since then, market have made new structures and patterns across time.
Weekly chart
The red area reflects a strong resistance towards the upside, each time market breaks out above the grey zone,...