BTC. When should we open additional long positions?Hey guys, it was a great week for Bitcoin. We don't have a lot of updates for the BTC now. We hold our long positions and waiting that this or the next week update the current ATH.
When BTC will update the ATH we will open an extra position. This would be one of the last opportunities for you to buy Bitcoin during the current bullish market.
Yes, we are not sure whether there will be more retests or corrections, but we think the end of the bull market is not far off.
Bitcionusd
BTCUSD: ONE More Time FAST Dump Before NEW BULL Run towards 30k🛑All market again crash EXPECTING due to fear and uncertainty for COVID-19 2ND WAVE, This could be final bottom out before going all-time high, 30k
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✳️Yesterday I shared one chart BTC could go back to support level 9200$. BTCUSD was Holding critical level resistance 10,000$ and Many times try to break 10,200$ but rejected. If BTC manage to 10,200$ break, then next resistance 13,100$ and 15,200$
However, long term trend was broken March 9th 2020 and we are under trend line resistance. And world under Uncertainty of 2nd wave COVID-19 could be another sell of all market Stock and Including CRYPTO.
Showing something interesting long-term Chart Cycle AND expecting same cycle pattern LIKE GOLD 1990
we are expecting 6500$ for new Bull Run, and $DJI (21000$) $NSDQ100 (8500$)
✳️If you are comparing $GOLD chart history 95% $BTCUSD following the same pattern. Next few weeks expecting all market crashed again due to fear of 2nd WAVE. BTCUSD expecting faster DUMP 7500$ or more 6400$ And later start new BULL run cycle towards 30,000$ or more UP 50K$
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🛑SUPPORT/RESISTANCE
✅S1= 7400$
✅S2=5800$
✴️R1=10200$
✴️R2=15000$
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BTCUSD - Five Wave move to $15000Now that we have reached our first target of $10900, we can see that the five wave move is incomplete. Using fib levels we calculated the middle of the 5 wave structure to be at $9500.
Using symmetry from this middle point we have a final target of $15000, which will complete the five wave move breaking the previous high, which also coincides with the sell area on the weekly chart.
DANGER! Careful with daily multiple bearish divergences!!!I've noticed LTC is about to drop hard. Daily RSI is diverging heavily from price. It has diverged four times, so it will necessarily drop.
This is not financial advice. I won't be responsible of anything if you base your trading in this idea.
Have a good day. =)