BITCOIN: a "bump" in the road? by toofasteddie

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hive-167922 · @toofasteddie · Dec 1 '21 (edited)

$19.25

BITCOIN: a "bump" in the road?

even though I don't want it, I'm thinking that this Bearish pattern lives up to its name and brings us back to where we started.
This is the "Diamond Pattern" and it seems that it is well elaborated in the 1 hour chart and the 4 hour chart...

![28.jpg](https://images.hive.blog/DQmPn9XnoEJPReuUEGmhbHL9Mt5xzxMWKtC8JxkTTA9ZHom/28.jpg)

Everything would indicate that, if confirmed, the price of BITCOIN would return to the levels of 52 to 53K.

Of course, It is not financial advice but it would not be advisable to keep LONGS until we see what happens in the next few hours, yesterday was the end of the month and we closed it with a shy bearish candle and that, dear friends, is not good either since November should have been a great month...

![29.jpg](https://images.hive.blog/DQmQr9GreeoNi5nWRj4tFiSBY7qLRgHYLfMN58TJ82tt8of/29.jpg)

However, what I see in the monthly chart, are 5 well-defined waves, the fifth (V) being very short with respect to what is expected since BTC uses us to offer extended fifth waves with, perhaps, what it may not have been completed yet but it would be valid if it stays here...

As always, nobody knows what will happen in the near future but with the monthly trading volume decreasing we should experience an appreciable rise in the coming weeks to confirm the sustained continuation of the Bull market. If this does not happen in the next few weeks, I am very afraid that we should reconsider the market even if we have not yet experienced a FOMO as we imagined.

---


@toofasteddie

**Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.*

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@toofasteddie/bitcoin-a-bump-in-the-road)

👍 steemcleaners, nathanmars, maarnio, chesatochi, slobberchops, hauptmann, dalz, investegg, logic, chorock, sharpshot, erikah, erikklok, joetunex, isotonic, amico.sports, dannewton, stevelivingston, solairitas, fullcoverbetting, toofasteddie, camuel, arcange, plantstoplanks, antoniojoseha, amico, ctime, beehivetrader, anusrimollick, runningproject, calisay, leoline, manuvert, solairibot, mitchelljaworski, mrhill, votehero, mrsbozz, sbi5, zainenn, ultratrain, dcooperation, soufiani, run.vince.run, anadolu, beiker, shanksmontero, king-cobra, phul, fatman, esmeesmith, elpatoverde, bilimkurgu, scaredycatcurate, criptoar, cryptosneeze, aleister, crimianales, kph, lauriki, soluce07, cmmemes, theisacoin, pataty69, and 25 others

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@acesontop · Dec 1 '21

$0.29

I subscribe to theory that BTC is going to $53k once again. There simply isn't enough steam. Many are expecting for this cycle to repeat the 2017 one, but I believe it has expanded. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@acesontop/re-toofasteddie-rkza3)

👍 toofasteddie

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@cmmemes · Dec 1 '21

$0.21

tl;dr things are super shaky and nobody knows what will happen :)

👍 toofasteddie

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@poshtoken · Dec 1 '21

https://twitter.com/thecryptorunner/status/1465990557625430018
<sub> The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>

👍 toofast-ace

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