This scenario exemplifies a classic case of a bull trap, whereby the market deceives investors into believing that an upward trend is imminent before rapidly reversing course. In the current climate, the bear market is merciless, causing losses for both bullish and bearish investors alike. Thus, adopting a cautious approach and waiting for prices to decline before...
FTX has collapsed. Most of the big names on CT have lost everything. Bitcoin looks ripe for the capitulation to continue (not without some relief rallies though). I would like to be buying between the 10-14k level for that generational wealth entry. Don't think you can go wrong buying between those levels and waiting a year. Keep in mind though that btc has never...
I think 14k is the intended target of this current correction. That would test the breakout of a major former resistance area. This would also conclude the 80% cycle correction. Not financial advise, but anything around 14 - 22K and you're getting BTC for a steal.
A huge head-to-shoulder pattern is being completed, and we will probably see a huge drop in early 2022, with prices dropping to around $ 14,000. So do not rush to buy because great opportunities are on the way. And the biggest and worst issue in the recent trend of selling whales and Maple companies is macro-strategy, and many other issues that prove to us that...
BTC was riding a 3 month descending channel and recently finally broke up out of channel but has since come back down to test support at the previous top of channel resistance. We are holding support right now and this pattern is also very much in line with what to expect on a break out, test support first, then run. This also could end up, yet again just being a...
BTC broke 10k and closed above. Following montly/weekly levels on BITMEX:XBTUSD - Will take significant profit at the 11.4-11.6k range and re-enter at the h4 50MA . Add to long at the 200MA if it gets there :) - Expecting dip to be fast buy back to be massive as well, i'd make sure to get those orders ready. - Expecting 14k after that dip, even tho it may be...
Trend predictions based on current market conditions as of November 29th. Using a logarithmic y-axis scale. Strong growth channel #2 (light green parallel channel) indicates that the price of bitcoin will be in the range of 12,600–15,500 USD by December 10th–11th right around the time of adoption into bitcoin futures trading on the CME. The average price of that...