Try to remember back when you were a teenager. Exactly - THAT awkward moment when you are with a girl (or a boy), and you are ready to go... And it's almost about to happen. But NOTHING is happening - something is holding back. The INSECURITY from both sides, just makes everything so awkward.
She is expecting you to take the first step - you are the man, right? Awkwardness... But..
Finally you take that the fist step, and then.. It worked out well! It wasn't that hard after all, huh?
So this is exactly what we have been witnessing with Bitcoin 2.77% the last week. Nothing has really happened. I told you before about the zone of confluence support and resistance everywhere. We were caught in a small prison where we didn't have much space to maneuver around.
The bears have been trapped again and again. First with 3 lower highs ( descending triangle ), then a clear head and shoulder pattern, which also predicted we would go down, and the whales just went in the other direction and liquidated the shorts.
Yesterday I predicted another minor "trap". We were clearly in an ascending wedge and needed a smaller correction, but once again we saw how we immediately went in the other direction and up.
AND FINALLY today - an hour ago - we are now here, were the brave bulls took the first step we all have been waiting for! They broke out from the prison and went through the strong resistance at 8,2k-8,4k, and we are now at 8,500 USD. That's the lesson. Forget about insecurity, guys! Confidence is everything!
So far I still stick to my prediction from 2 days ago. We will go my yellow circle. But here it will be VERY interesting. Everything is pointing down from there, and we need some kind of retracement. But be aware of another bear trap, my friends! Whales could make another sick trap.
Last but not least, as I also mentioned yesterday, there are so much uncertainty with Bitcoin 2.77% at the moment, that I don't even trade it at the moment. I make a lot of money at altcoins - think about it!