Bitcoin/USDT - next levels of resistance
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Prediction Summary:
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I think the chart mainly explains itself
Buying @ 94.3K. I consider anything below 100K a good profit, just as before in my last idea. But Bitcoin is eyeing 120K. Selling is a no go for me.
Bitcoin news is mostly good. If Microstrategy buys another gargantuan amount of Bitcoin, I will gladly FOMO in/above the Ichimoku cloud. The volume seems to be picking up again too. I would stay away from Tron backed assets, even for DEX trading.
The part about acorns is a WO insider joke. Maybe.
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Technical Analysis:
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> Inside/above Ichi. cloud - Bullish
> Fib. resistance tested 3x since Jan. 1st - Bullish
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Fundamental Analysis:
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> Coinbase Launches Bitcoin-Backed Loans- bullish development for the Bitcoin economy [1]
> Latest US inflation data shows decrease in the core CPI for the first time since July - Bullish [2]
> Hong Kong courts use blockchain to serve legal notices - Tron proves itself less decentralized than Bitcoin. I would not recommend trading Tron-pegged Bitcoin assets [3]
Tools used:
Fibonacci Retracement
Open PnL
Ichimoku Cloud
Volume
This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions.
sources:
[1] coinmarketcap.com/community/articles/67895f55b0108d2f7651528d/
[2]
coinmarketcap.com/academy/article/bitcoin-briefly-hits-dollar100000-mark-as-cooling-us-inflation-boosts-market-optimism
[3] cryptonewsland.com/hong-kong-courts-serve-tokenized-legal-notices-to-crypto-wallet-owners/
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Thanks for reading!
Context for yellow lines: tradingview.com/u/GoldArti/
Prediction Summary:
----------------------------------------------
I think the chart mainly explains itself
Buying @ 94.3K. I consider anything below 100K a good profit, just as before in my last idea. But Bitcoin is eyeing 120K. Selling is a no go for me.
Bitcoin news is mostly good. If Microstrategy buys another gargantuan amount of Bitcoin, I will gladly FOMO in/above the Ichimoku cloud. The volume seems to be picking up again too. I would stay away from Tron backed assets, even for DEX trading.
The part about acorns is a WO insider joke. Maybe.
----------------------------------------------
Technical Analysis:
----------------------------------------------
> Inside/above Ichi. cloud - Bullish
> Fib. resistance tested 3x since Jan. 1st - Bullish
----------------------------------------------
Fundamental Analysis:
----------------------------------------------
> Coinbase Launches Bitcoin-Backed Loans- bullish development for the Bitcoin economy [1]
> Latest US inflation data shows decrease in the core CPI for the first time since July - Bullish [2]
> Hong Kong courts use blockchain to serve legal notices - Tron proves itself less decentralized than Bitcoin. I would not recommend trading Tron-pegged Bitcoin assets [3]
Tools used:
Fibonacci Retracement
Open PnL
Ichimoku Cloud
Volume
This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions.
sources:
[1] coinmarketcap.com/community/articles/67895f55b0108d2f7651528d/
[2]
coinmarketcap.com/academy/article/bitcoin-briefly-hits-dollar100000-mark-as-cooling-us-inflation-boosts-market-optimism
[3] cryptonewsland.com/hong-kong-courts-serve-tokenized-legal-notices-to-crypto-wallet-owners/
----------------------------------------------
Thanks for reading!
Context for yellow lines: tradingview.com/u/GoldArti/
Note
Mixed up resistance and support. I meant support.
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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.
Related publications
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.