And I Say: I NEED A BITCOIN, BITCOIN, A BITCOIN IS ALL I NEED .
Updated
Bitcoin may seem bearish in the short-term*, however, unquestionably and undoubtedly it has a BRIGHT future ahead.
Bitcoin managed to raise itself out of slums through all the dirt that was thrown by mainstream media and especially with the FBI's infamous SILK ROAD case.
Now it is Mainstream Media that is paying attention to Bitcoin, and thankfully this because Bitcoin has caught the attention of multi-millionaire investors and hedge funds via its mind-blowing price action.
Bitcoin is HERE to Stay!
And upon writing this, I remember a quote of Satoshi saying:
' I'm SURE that in Twenty Years there WILL either be a large transaction volume or NO VOLUME '
So, I need Bitcoin [title] is a reference to the song 'I need a Dollar' [youtube.com/watch?v=nFZP8zQ5kzk]
' Well I don't know, if I'm walking on Solid Ground!
Cause everything around me is Crumbling Down.
And all I want is from someone to help me.
What in the World I'am gonna do Tomorrow!
Is there Some1?
Whose Bitcoin I can Borrow :'(
Who can help Me, to take away my sorrow'
- My sorrow of being FREE in 10 years from 1 Bitcoin to be HODLED and traded just twice a year to payback the 1 Whole Bitcoin and be on the mission I'm currently at into increasing my position and value my SATS and, not yet a FRACTION <3.
Too bad I'm that late and no one is there to liften up my sorrow by borrowing my a whole Bitcoin with the PURE INTENTION of paying them back, because God Forbid, a decent human being with moral and values sees other's fortune as
BIG DEAL on God's Eyes.
However, I'm not GIVING UP on my mission and I'm hustling hard for those precious SATS
*Back to the CHART!
CHART LEGEND
Bitcoin has had a significant rally from 20k to the ATH of 41.9k[according to Bitstamp chart]
21EMA has started coming down and is very near approaching a Death Cross with 50EMA on the 4 hours time-frame if the price does not rise from here.
Fibonacci with the ORANGE colored Golden Pockets it's taken from the swing low of 30k to the ATH of 41.9k and its Golden Pockets are Support.
The Dashed Lines are also a Fibonacci retracement taken from the 20K Break-out to the ATH of 41.9K, and it's yellow-colored lines are it's Golde Pockets, which must act as STRONG SUPPORTS to catch a falling knife and trade the 'dead-cat bounce' if the price happens to play that way.
However, So far, so good.
Bitcoin is above and respecting the White Thick Bolded Trendline coming from as low as 21K and also finding support currently when this text is being written at the Red Bolded Trendline coming from the swing low of 30k of ATHbut we are getting close to the end of a Triangle Apex.
If Bitcoin still ranges inside the triangle[Bolded Dark Green Trendline and White Bolded one] and does not mange to break the Dark Green Trendline, then 6 days are left to confirm whether the Bulls or the Bears will take Control.
After all the analysis, nothing doesn't bother me more than DXY's big ABC's correction and descending wedge coming from March's Black Swan event and currently headed high trying to change it's descending wedge trend which often results in a Bull Market Case.
Although DXY's chart it's not published since this page is dedicated only to Bitcoin I will keep you updated upong seeing how DXY will play out.. because it's a DOLLAR STORY.
Note that this is not FINANCIAL Advice. Please do your own research before partaking in any trade activity based upon this idea.
-Don't sue me :P
If you liked this content please help us with the Like Button and engage in the comment section down below.
And if it happens you are a Hero and own a Bunch of Bitcoin and would like to take away my sorrow, you are Welcomed and APPRECIATED to my UTMOST Respect
Here's my empty wallet :(
1PEcfn2PGoJTqhRNb9xchaCwJZGWw72hSj
Bitcoin managed to raise itself out of slums through all the dirt that was thrown by mainstream media and especially with the FBI's infamous SILK ROAD case.
Now it is Mainstream Media that is paying attention to Bitcoin, and thankfully this because Bitcoin has caught the attention of multi-millionaire investors and hedge funds via its mind-blowing price action.
Bitcoin is HERE to Stay!
And upon writing this, I remember a quote of Satoshi saying:
' I'm SURE that in Twenty Years there WILL either be a large transaction volume or NO VOLUME '
So, I need Bitcoin [title] is a reference to the song 'I need a Dollar' [youtube.com/watch?v=nFZP8zQ5kzk]
' Well I don't know, if I'm walking on Solid Ground!
Cause everything around me is Crumbling Down.
And all I want is from someone to help me.
What in the World I'am gonna do Tomorrow!
Is there Some1?
Whose Bitcoin I can Borrow :'(
Who can help Me, to take away my sorrow'
- My sorrow of being FREE in 10 years from 1 Bitcoin to be HODLED and traded just twice a year to payback the 1 Whole Bitcoin and be on the mission I'm currently at into increasing my position and value my SATS and, not yet a FRACTION <3.
Too bad I'm that late and no one is there to liften up my sorrow by borrowing my a whole Bitcoin with the PURE INTENTION of paying them back, because God Forbid, a decent human being with moral and values sees other's fortune as
BIG DEAL on God's Eyes.
However, I'm not GIVING UP on my mission and I'm hustling hard for those precious SATS
*Back to the CHART!
CHART LEGEND
Bitcoin has had a significant rally from 20k to the ATH of 41.9k[according to Bitstamp chart]
21EMA has started coming down and is very near approaching a Death Cross with 50EMA on the 4 hours time-frame if the price does not rise from here.
Fibonacci with the ORANGE colored Golden Pockets it's taken from the swing low of 30k to the ATH of 41.9k and its Golden Pockets are Support.
The Dashed Lines are also a Fibonacci retracement taken from the 20K Break-out to the ATH of 41.9K, and it's yellow-colored lines are it's Golde Pockets, which must act as STRONG SUPPORTS to catch a falling knife and trade the 'dead-cat bounce' if the price happens to play that way.
However, So far, so good.
Bitcoin is above and respecting the White Thick Bolded Trendline coming from as low as 21K and also finding support currently when this text is being written at the Red Bolded Trendline coming from the swing low of 30k of ATHbut we are getting close to the end of a Triangle Apex.
If Bitcoin still ranges inside the triangle[Bolded Dark Green Trendline and White Bolded one] and does not mange to break the Dark Green Trendline, then 6 days are left to confirm whether the Bulls or the Bears will take Control.
After all the analysis, nothing doesn't bother me more than DXY's big ABC's correction and descending wedge coming from March's Black Swan event and currently headed high trying to change it's descending wedge trend which often results in a Bull Market Case.
Although DXY's chart it's not published since this page is dedicated only to Bitcoin I will keep you updated upong seeing how DXY will play out.. because it's a DOLLAR STORY.
Note that this is not FINANCIAL Advice. Please do your own research before partaking in any trade activity based upon this idea.
-Don't sue me :P
If you liked this content please help us with the Like Button and engage in the comment section down below.
And if it happens you are a Hero and own a Bunch of Bitcoin and would like to take away my sorrow, you are Welcomed and APPRECIATED to my UTMOST Respect
Here's my empty wallet :(
1PEcfn2PGoJTqhRNb9xchaCwJZGWw72hSj
Note
Bitcoin broke the Thick Red Trendline which was acting as support when this idea was Published. Not only that, Bitcoin also broke the White Thick Trendline which was coming from as far below of price 21K.
At the moment Bitcoin is finding support at 0.5 Level of the Large Dashedline Fibonnaci Golden Pocket coming from 20K up to All Time High of 41.9K according to Bitstamp Chart.
Worth mentioning is also that the Gann Fan taken from the 20k Breakout acted as Support also for the price [ the Violet Zone ]
This idea will be updated according on how the price will play out.
TARGETS TO THE TICK!!!
Note
Bitcon blowed off the roof starting today's candle over Elon Musk's tweet and all the trouble is going on with US[retail traders] vs Wall Street Manipulators.Today, Bitcoin managed to break the resistance line colored in dark green, unfortunately the Day's Candle closed below the Dark Green Trendline Resistance in price, but also printing it with huge wicks.
What is going to happen on the next Day for Bitcoin, or better put in prespectives, hours.
Will Bitcoin rise again to break the Green Trendline once again but confrim strong support on it in order to continue the BULLS RALLY?
Bias long term still BULLISH .
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