Well, my crypto friends... This has been a wild ride, wasn't it been? We are here again with a new bullish pattern which looks very promising. In recent weeks we tested multiple higher highs as well as attempted breakout through Ichimoku Cloud .
With that said we should expect steady uptrend movement within next week or two if this pattern completes successfully.
I will also later post another chart which will show that we are also in a downward wedge pattern which has been seen since early May. In all we are getting many bullish indicators, patterns emerging. Despite some bearish news and FUD being spread by some, including Brad Garlinghouse with his "over 50% of Bitcoin -0.48% is controlled by several miners in China", which might be true, but still.
To conclude this chart, we will add that although everything looks optimistic at this point, drops are still possible. We are in a very volatile, sensitive market with many newer investors that panic and FOMO at every drop to pump. Carefully invest in Bitcoin -0.48% and alts and if you have that option, go LONG, do not do day trading for something that is still worth less then 400 Million. We are nowhere near mass adoption with Wall Street investors lining up to go into cryptocurrency and many companies starting to experiment with blockchain. GIVE IT TIME PLEASE, PATIENCE WILL BRING PROSPERITY TO THOSE WHO WAIT.
Enjoy this trade, advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.