The April 2nd, 2019 Bitcoin breakout could go down in history as a pivotal point in the Crypto market, but what's next.
We're still not into ultimate safety, but this pump is definitely positive and something that was needed to confirm further upside.
All the charts below
Oh....... is it coincidental that the market pumped at a little past midnight (eastern time).......... I think not.
Someone out there is making a statement.
Could this be a pump then the dump?
The charts below have lots of info in them but the 2 drawing tools of focus is the Fibonacci and Andrews Pitchfork tool.
The $5000 USD target was tagged which equaled 1.6x the December impulse move
The next target is $5929 USD which equals 2.6x the December impulse move
The Andrews Pitchfork channel provides the price path going forward
So what to look for from here?
I'am looking for a high around the 3rd week in April.
This doesn't mean the price will go higher, then again, the price could go higher......... most likely could see the price go sideways.
One thing for sure is ........ or most probable ....... is a retracement and then moves higher.
The 4 hr. bar chart below shows a diversion in the Stochastics indicator and the price.
Buy when the indicator is low and sell when the indicator high.
The charts below are Bitmex data charts.
Bitcoin 4 hour bar chart
All data and information provided is for informational purposes only. Trend Wizard makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information in this post and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. I document this stuff for personal reasons as a log and share with the community...... only because I'm a nice person.
So in ending........ Use critical thinking and think for yourself.
