BitcoinShort
Just for memory and fun - my bitcoin prediction as of 30/01/2023
Updated
Hi All,
First ever idea, been trading crypto BADLY! since late 2017 and always visited here but never made an idea so here it is.
Reasoning - I think we will see a bottom just like the July 2015 bottom where the price has broken the 20 SMA but is rejected by the 144 EMA on the weekly chart. Which could mean a revisit to either the low of 15.5k for a double bottom or even a lower low (i like the look of 12k :) )
Then based off the number of months (approx 27) i think we will have a bull run until May 2025 and my prediction is 300k ish. Again just for fun.
NFA - just publishing to look back on to see how wrong I as was! As whatever I seem to think or do in this market (other than buying and holding) goes t!t5 up. I may start counter trading myself:)
Probably wont age well at all but here goes.
NEWB advice - stay away from the deadly leverage especially early on. It will find you and it will eat you slowly :)
First ever idea, been trading crypto BADLY! since late 2017 and always visited here but never made an idea so here it is.
Reasoning - I think we will see a bottom just like the July 2015 bottom where the price has broken the 20 SMA but is rejected by the 144 EMA on the weekly chart. Which could mean a revisit to either the low of 15.5k for a double bottom or even a lower low (i like the look of 12k :) )
Then based off the number of months (approx 27) i think we will have a bull run until May 2025 and my prediction is 300k ish. Again just for fun.
NFA - just publishing to look back on to see how wrong I as was! As whatever I seem to think or do in this market (other than buying and holding) goes t!t5 up. I may start counter trading myself:)
Probably wont age well at all but here goes.
NEWB advice - stay away from the deadly leverage especially early on. It will find you and it will eat you slowly :)
Trade active
Just a quick update, seems its not far off so far. 144 EMA rejection. Wonder how low can she go. ??
Note
Will the 20 SMA hold? If she loses $19,500 then lower low is definitely on the cards. Stay safe everyone
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.