Boris Gutenberg (@boris_gutenberg) 's Twitter Profile
Boris Gutenberg

@boris_gutenberg

This account follows Bitcoin and crypto technology trends and news, explores investing, and records personal thoughts on the subject for educational purposes.

ID: 1215896861783076864

calendar_today11-01-2020 07:23:07

639 Tweet

24 Followers

144 Following

Boris Gutenberg (@boris_gutenberg) 's Twitter Profile Photo

Although the bottom might be in, #Bitcoin is technically still in a downtrend, constantly getting rejected by this trendline. We need a push above 88k to see a breakout and a reversal.

Although the bottom might be in, #Bitcoin  is technically still in a downtrend, constantly getting rejected by this trendline. We need a push above 88k to see a breakout and a reversal.
Boris Gutenberg (@boris_gutenberg) 's Twitter Profile Photo

This is a critical point for #Bitcoin. Will we see a strong bounce, or will the bears win in the short term? The truth is, no one knows.

This is a critical point for #Bitcoin. Will we see a strong bounce, or will the bears win in the short term? The truth is, no one knows.
Boris Gutenberg (@boris_gutenberg) 's Twitter Profile Photo

On the daily chart #Bitcoin still might have a chance to bounce, but unfortunately, on the 4h chart, $BTC fell under the support line, which turned into a resistance. Bearish signal.

On the daily chart #Bitcoin still might have a chance to bounce, but unfortunately, on the 4h chart, $BTC fell under the support line, which turned into a resistance. Bearish signal.
Boris Gutenberg (@boris_gutenberg) 's Twitter Profile Photo

Nice relief rally for #Bitcoin after the announced delay of tariffs. However, the downtrend is still intact. We would need a breakthrough in the 83-84k range and a possible retest to confirm a reversal. I would refrain from buying back in before we see this. Good luck!

Nice relief rally for #Bitcoin after the announced delay of tariffs. However, the downtrend is still intact. We would need a breakthrough in the 83-84k range and a possible retest to confirm a reversal. I would refrain from buying back in before we see this. Good luck!
Boris Gutenberg (@boris_gutenberg) 's Twitter Profile Photo

On the daily chart, #Bitcoin has broken out of the downtrend, retested it like a champ, and is also breaking the horizontal resistance line at this very moment. This Monday may bring more volatility, but if you haven't bought lower already, this may be a good time to buy in. NFA

On the daily chart, #Bitcoin has broken out of the downtrend, retested it like a champ, and is also breaking the horizontal resistance line at this very moment. This Monday may bring more volatility, but if you haven't bought lower already, this may be a good time to buy in. NFA
Boris Gutenberg (@boris_gutenberg) 's Twitter Profile Photo

It is clear now that the downtrend line for #Bitcoin has been broken to the upside, retested as expected, and is moving up to its new target. Next resistance around 90k.

It is clear now that the downtrend line for #Bitcoin has been broken to the upside, retested as expected, and is moving up to its new target. Next resistance around 90k.
Boris Gutenberg (@boris_gutenberg) 's Twitter Profile Photo

One could argue that the trend line is incorrectly drawn, but even if you look at the wick trendline #Bitcoin broke that one as well today. Bullish! 🚀

One could argue that the trend line is incorrectly drawn, but even if you look at the wick trendline #Bitcoin broke that one as well today. Bullish! 🚀
Boris Gutenberg (@boris_gutenberg) 's Twitter Profile Photo

It failed last time, but #Bitcoin is giving it another go. Attempting to break the downtrend line from the top in January when it reached $109k.

It failed last time, but #Bitcoin is giving it another go. Attempting to break the downtrend line from the top in January when it reached $109k.
Boris Gutenberg (@boris_gutenberg) 's Twitter Profile Photo

Turns out I'm pretty good at this. Too bad I didn't buy more at the bottom. The average buying price of 72k, still not bad.😝 $BTC #Bitcoin

Turns out I'm pretty good at this. Too bad I didn't buy more at the bottom. The average buying price of 72k, still not bad.😝 $BTC #Bitcoin