BitcoinLong
BITCOIN Daily- A Bullish perspective for a change!(HODLERS ONLY)
I see that there is much FUD and Bearish mentality in the charts again so I whipped a one day chart, about the only chart that I can still pull a bit of long term bullish signs of BTC for all those HODLERS out there.
**KEEP IN MIND**
I believe that the market is highly manipulated and until we actually see some action in this coming week I cant say any predictions are good to follow. So just take this TA as a bullish perspective of someone who is holding BTC for the long term and I mean 1yrs+.
TA:
As you can see I made a big deal out of the impulse buying and selling we had during the run up of BTC to ATH's at the end of last year pushing it into a basic market ABC correction. Following that I believe that the market has indeed corrected and is moving into actual healthy EBB and Flow. We have to understand that BTC's move to ATH was NOT natural.
Natural movement is indicated in candles that have relatively even price action. No crazy long dumps or jumps. So on a daily chart these candles are looking alot more normal and healthy and shows that BTC is in a state of correction still on a macro cycle.
In the present moment a retrace to lower levels below the support (9.5k-9k) may be in, but I have a lot of faith in these supports as they are providing some really stable ground.
With that said the future trajectory can be seen by 5 impulse wave, although I only think impulse will kick in after wave 3, reason being people are holding back on Bitcoin and rightfully so. However there are Bears out there being mean to the Big Kahuna.....you know who you are!
Everyone thinks Bitcoin is over but its just getting started remember we are only in month 2 of the year. Bitcoin will hush all of the haters soon enough! Shorters will hold the long term L!!
-Trustme
**KEEP IN MIND**
I believe that the market is highly manipulated and until we actually see some action in this coming week I cant say any predictions are good to follow. So just take this TA as a bullish perspective of someone who is holding BTC for the long term and I mean 1yrs+.
TA:
As you can see I made a big deal out of the impulse buying and selling we had during the run up of BTC to ATH's at the end of last year pushing it into a basic market ABC correction. Following that I believe that the market has indeed corrected and is moving into actual healthy EBB and Flow. We have to understand that BTC's move to ATH was NOT natural.
Natural movement is indicated in candles that have relatively even price action. No crazy long dumps or jumps. So on a daily chart these candles are looking alot more normal and healthy and shows that BTC is in a state of correction still on a macro cycle.
In the present moment a retrace to lower levels below the support (9.5k-9k) may be in, but I have a lot of faith in these supports as they are providing some really stable ground.
With that said the future trajectory can be seen by 5 impulse wave, although I only think impulse will kick in after wave 3, reason being people are holding back on Bitcoin and rightfully so. However there are Bears out there being mean to the Big Kahuna.....you know who you are!
Everyone thinks Bitcoin is over but its just getting started remember we are only in month 2 of the year. Bitcoin will hush all of the haters soon enough! Shorters will hold the long term L!!
-Trustme
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