BitcoinLong
Bitcoin personal analysis Pt 2
Updated
Weekly chart rsi maccied: pretty high so i expect the price to drop in the coming weeks, not enough Volume.
In the long run monthly it goes well it hit the highest resistance line needs to have enough volume to brek the red line. The maccieD is currently crossing the orange line keep an eye out for that and volume. Member patience is a virtue. Less prone to manipulation. Looks like its bout to kick some ass. (bout as in; few years; depends on the chart timeframe).
On the daily it seems like it has room to grow, BB also speaks, but that's often a 50/50 gamble especially in a situation like this high uncertainty. I can sell at 9.6$. Wait a few weeks to drop to 8-6k in the coming weeks. Or just buy at those price points whilst holding position. until at least mid 21'. --> time to reevaluate.
Probably best to sell and buy back at bottom when confirmation appears @ green support line.
Probably won't sell cuz i'm a stubborn **. But will fill my bags when panic sets.
Grey: baseline
Yellow: Topline of the 1st personal chart.
Halving dates;
November 28th 2012 - July 9th, 2016
July 9th, 2016 to mid-May 2020 (estimated)
Source: coinmama.com/blog/the-bitcoin-halving-a-history/
3rd halving: 10 May 2024
Source: bitcoinblockhalf.com
In the long run monthly it goes well it hit the highest resistance line needs to have enough volume to brek the red line. The maccieD is currently crossing the orange line keep an eye out for that and volume. Member patience is a virtue. Less prone to manipulation. Looks like its bout to kick some ass. (bout as in; few years; depends on the chart timeframe).
On the daily it seems like it has room to grow, BB also speaks, but that's often a 50/50 gamble especially in a situation like this high uncertainty. I can sell at 9.6$. Wait a few weeks to drop to 8-6k in the coming weeks. Or just buy at those price points whilst holding position. until at least mid 21'. --> time to reevaluate.
Probably best to sell and buy back at bottom when confirmation appears @ green support line.
Probably won't sell cuz i'm a stubborn **. But will fill my bags when panic sets.
Grey: baseline
Yellow: Topline of the 1st personal chart.
Halving dates;
November 28th 2012 - July 9th, 2016
July 9th, 2016 to mid-May 2020 (estimated)
Source: coinmama.com/blog/the-bitcoin-halving-a-history/
3rd halving: 10 May 2024
Source: bitcoinblockhalf.com
Note
HOLY SHET GUYS it broke the resistance and hopefully june will close above the yellow line! Eitherway I'm excited for what's to come!Note
Beautiful breakout, on the weekly the macd shows a lower high. Macd crosses on the weekly but the monthly (this chart) shows that the the macd is still trying to cross. Meaning, on the weekly we can still drop presumably to 9000-10000. Which is enough to go higher and make the macd cross on the monthly. Let's see where it goes. I see uncertainty which is not needed for a massive bullrun so I'm even hoping we go down.
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