BITCOIN | The Lines Just Appear Around $50k
Updated
Hi,
I'm quite fast, you don't even saw my mouse moving around on the chart and you guys wonder how I can make 10 altcoin analyses under an hour. :)
Have been asked how I make my technical analysis, here is a little tutorial before my online course becomes available. ;)
Now let's talk about the areas of Bitcoin that I'll be waiting for.
Yesterday I wanted to short it but sadly it didn't reach my selling area. You are prepared, waiting, being patient but sometimes the rabbit just runs through your sniper scope and you cannot even touch the trigger, it happens but we don't chase the trades we'll looking new ones!
At the moment my eyes are pointed to the marked green box. It stays around 50k and for me, it is quite an important level for Bitcoin, especially if we considering further movements.
If it gets a rejection from the box then everything, in the long-run, stays bullish for me. It just needed at least a 15 to 20% correction, nothing wrong with it just healthy marked conditions but if the marked area doesn't hold the price then the price of BTC can fall to the low of 40s.
I have been waiting for the retest of 50k pretty long for now and looks like the price wants to touch it, at least it approaching it and I'll try to grab at least something from the marked area.
The marked area stays $49300 to $51700, a lot of technical criteria matching each other in quite a tight range and they are:
1) Fibonacci Retracement 38%
2) Fibonacci Retracement 62%
3) Fibonacci Extension 127%
4) Channel projection
5) The equal waves od AB=CD
6) Strong horizontal area
7) The round number 50000
8) Daily EMA50
So, a lot of quite a good criteria, they all acting as support levels and as said they are inside of quite a tight range.
Definitely, I would like to trade it if the price reaching the marked area and let the market says was a good decision to enter or not. Preparations are done, let's wait and see, no emotions, no expectations - okay, maybe "like" expectations only;)
Stay healthy,
Vaido
I'm quite fast, you don't even saw my mouse moving around on the chart and you guys wonder how I can make 10 altcoin analyses under an hour. :)
Have been asked how I make my technical analysis, here is a little tutorial before my online course becomes available. ;)
Now let's talk about the areas of Bitcoin that I'll be waiting for.
Yesterday I wanted to short it but sadly it didn't reach my selling area. You are prepared, waiting, being patient but sometimes the rabbit just runs through your sniper scope and you cannot even touch the trigger, it happens but we don't chase the trades we'll looking new ones!
At the moment my eyes are pointed to the marked green box. It stays around 50k and for me, it is quite an important level for Bitcoin, especially if we considering further movements.
If it gets a rejection from the box then everything, in the long-run, stays bullish for me. It just needed at least a 15 to 20% correction, nothing wrong with it just healthy marked conditions but if the marked area doesn't hold the price then the price of BTC can fall to the low of 40s.
I have been waiting for the retest of 50k pretty long for now and looks like the price wants to touch it, at least it approaching it and I'll try to grab at least something from the marked area.
The marked area stays $49300 to $51700, a lot of technical criteria matching each other in quite a tight range and they are:
1) Fibonacci Retracement 38%
2) Fibonacci Retracement 62%
3) Fibonacci Extension 127%
4) Channel projection
5) The equal waves od AB=CD
6) Strong horizontal area
7) The round number 50000
8) Daily EMA50
So, a lot of quite a good criteria, they all acting as support levels and as said they are inside of quite a tight range.
Definitely, I would like to trade it if the price reaching the marked area and let the market says was a good decision to enter or not. Preparations are done, let's wait and see, no emotions, no expectations - okay, maybe "like" expectations only;)
Stay healthy,
Vaido
Comment
You can almost forget this idea, Musk tweeted: “ You can now buy a Tesla with Bitcoin”
“ Tesla is using only internal & open source software & operates Bitcoin nodes directly.
Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”
Trade active
The price has reached inside the marked area!
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