#Bitcoin - thoughts out loud #6Good afternoon , dear colleagues!
I am pleased to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
Today, the asset continues to show strength after the weekend, as evidenced by the formation of an uptrend with a buyer's test. For this period of time, I expect the buyer (professional operators) to regain strength and attract retail traders.
The price range for the resumption of the movement is 21600 - 21700.
Dear colleagues, I sincerely thank you all for your attention and wish you success !
And remember one thing:
"sometimes you win , sometimes you learn ".
#Btc
Bitcoinmoon
BTC SHORT TERM INTRADAY IDEABTC OUTLOOK
Due to bullish exhaustion at monthly resistance at 24k , i do expect BTC to have a minor retracement as we are in right now. We have CPI data to be released tmrw and my take on CPI is that we might still get high inflation due to how strong the labour market was last month. This would break down pivot prayers and would cause short term dollar strength which in turn could give us a dip across all risk assets in this case BTC. I am still bullish for a few months to come but will wait for the dip to happen before entering longs on BTC.
Set buy limit orders on BTC @
20250
19200
Take profits will be 24000
Bitcoin analysis per week ( Divergence ) 📉📈Divergence is one of the well-known and widely used methods for determining price reversal areas, whether positive or negative, and thus helps to determine entry or exit areas 📉📈
Divergence can be used with momentum indicators in general like: '' MACD ''-'' RSI ''-'' Stochastic oscillator ''.
We notice in the picture a difference between the price on the chart and the '' RSI '' indicator,
So now the price is in a downward trend opposite the indicator that is in an upward direction, and this indicates an upcoming positivity.📉
Divergence is one of the many trading methods that we use to build an integrated strategy, and of course, we can use it in any time frame we want ✍️
⚠ You must wait for a signal or entry sign in order to buy bitcoins.
Outlook on BTC ( 5/2/2023 ) Swing trade has been a success as of today since longs was called out in late November leading into December. Using BTC as reference to all other crypto coins, we are up a solid 48.65%.
Do i believe we will continue higher ? yes i do. Fundamentally the market sentiment has just started to shift. The relieve rally that we are experiencing now was expected but will be short lived. My ideal take profit levels has been stated above and i would not mind scaling out alittle at its current price point as we are having slight exhaustion due to a technical reason of BTC being at a major resistance now. Upon a break of this level would give us another leg up which will ideally hit our take profit targets as marked up above.
With both fundamentals and technical aspects showing us a bullish bias, i would only shift and scale out all my long positions if there is a fundamental shift. Which i do believe will happen but only in the mid year. ( likely recession ) I may be wrong hence scaling out and bagging alittle profits at current price is a good idea.
BITCOIN PENDING LONGS 💰💰💰From a HTF premise for me BTC is still bullish we are makin higher highs and higher lows on a weekly timeframe, and right now price fullfilled all the imbalances on te buy side and should go to close the bearish one. What puts me in favour for longs more than shorts is that we have a weekly orderblock in 44-43k area that should act like a valuable area of ,, support ,, if you will. Only a close above 40k will make me rethink my view on BTC THE KING.
What do you think ? Commente below..
Bitcoin's Last attempt to ride up?BINANCE:BTCUSDT
Hi guys Mr.Karimi here analyzing the BTC future trend.
As you can see there are 3 EMA's along with a decent PRICE ACTION level holding the BTC correction. my opinion on bitcoin divides into 2 Scenarios:
1- BTC would hold at this level and the EMA'S would carry the price up to the All time high resistance and then the real market crash starts and rejects the price back to the 31k price it may happen in an impulsive way or an annoyingly long correction trend. However the result would be the same.
2- BTC would rise once more, Break the All time high and retest the new support zone with a pullback. Maybe some consolidation there for some time for BTC to gain more strength.
I'll update the idea later to show you guys the results no matter it's a win or loss.
What's your insight about the BTC trend? leave your opinion in the comment section.
Bitcoin's Last attempt to ride up?Hello guys, Mr.Karimi here and i'll be with you today analyzing the bitcoin trend in the following days. As you can see there are 3 EMA's along with a decent Price Action Level holding the bitcoin correction strongly. The Orange Line is the 50 Daily EMA, The Red line is the 100 daily EMA and the Black one is the 200 Daily EMA. so basically I would consider these EMA's a strong zone of support for BTC as long as the price respects them and doesn't try to violate the zone. I have 2 Scenarios here one that BTC would run up for the last time touching it's all time high and then bears come in and reject the price strongly back to 31K and the other would be a little optimistic though as bitcoin goes up breaks the all time high and retests the level and starts consolidating for a few days to collect strength and reach for higher Targets. I'll Update this Idea later to see which direction bitcoin would choose. What's your analysis of the Trend? Leave your opinion in the comment section and let's discuss about it.
Bitcoin Meets Elliott Fibonacci: The Definitive CountBitcoin’s run thus far has been wild. The future will only get wilder.
Most Elliotticians predict that we are in a primary Wave 5 currently however, my big macro count differs at bit.
Firstly, let it be known that Wave 3 isn’t mandated to end at the 1.618 level. I’ve made the mistake in assuming this too many times; all bad. Therefore it’s important to actually take the time and count the waves. Also, just to put it out there, if Wave 2 and 4 are both zig zags within an impulse, I consider the count likely invalid. This is what I’m seeing in most predictions that predict we are in a primary Wave 5 cycle. It sort of irks me but to each their own. All forms of analysis is subjective after all.
Watch out for the huge drop near $110-$120K. This rollercoaster ride will not be free.
Bitcoin 150MA Is A Trampoline. The 150 MA on the 4hr Chart is a very reliable "floor" in this entire Bullrun candle sticks have only closed below 2 times, yet bounced off of it to new highs several times. Am I the only dude who has ever unlocked this secret.
Spoiler Alert: Yes
Now I share my limited but insightful TA as the 13th or 14th smartest serf who ever was, with all my fellow serfs. Let's get awkwardly Rich together.
Lets play Darts on BSV, the real bitcoin hidden in plain sight ?Beyond the real bitcoin debate and real Satoshi, is BSV a sleeping giant ?
This depends on the turnout of certain events we all know about obviously.
But a natural growth can make it reach 2K very easily, chart to check with log also.
Based solely on technical factors such as transaction / second, mining network etc...
Considering the real bitcoin, real Satoshi issue I won't pronounce myself but it is wise to acknoledge
it as a potential explosive uptrend as well as a downward crash due to unpopularity, in other words,
we have to deal with a double-edged sword crypto here... This makes a risky bet on this one, but why
do we come investing in crypto otherwise ?
Safe trade fellas ;) Let's live 2017 again and again...
Bitcoin goes space x to the moon! Long Wow Tesla just bought 1.5 billion in bitcoin January. What's interesting about this move as well is that is that they have said they will start accepting payments in Bitcoin as well. When the richest man in the world makes a move like this every institution and leading company will be looking at following hence the fomo.
Furthermore Musk seems to have the ability to ramp this right up through tweets, making Tesla's 1.5 billion worth an awful lot more. I think in normal circumstances the SEC would get involved in the rampant tweeting of a security to inflate its price, but as we all know Bitcoin isn't classed as a security so there is little they can do about it. If Musk wants to try and fire Bitcoin to the space x moon he's doing a very good job. Personally I'm a big fan of crypto so I'm on his side anyway. I just don't want to see any novice traders get harmed on the way so thats my job to help where I can.
In my earlier trade I took swing profits at just under 45k, here I went in again when that channel was breached and i've drawn upside channels as potential resistance points, we could also draw fib extension points if we like, I prefer channel extensions. Its clear that this is a parabolic move so its anyones guess where it finally ends and is very high risk for amateur investors.
I'm going to keep this thread open whilst I am long in this parabolic move so press the follow tab above for updates. I'm also live on twitter where I posted the Tesla news just as it happened earlier today with some commentary. Follow me on there to if you like. Telegram channel is coming very soon. Thanks for all your love.
Let's see where price gets to tomorrow and we can talk about targets then, trailing stop loss is good for now.
BITCOIN NEW MOON CALLS SLIGHT PUMP AS ALWAYS!!!MOON ANALYSIS HAS NETTED MY ACCOUNT OVER A HALF MILLION DOLLARS IN THE PAST YEAR, LEARN YOUR SEASONS AND YOUR MOON/PLANET PHASES, I THOUGHT IT WAS HOCUS POCUS UNTIL THE PROOF KEPT PROVING TO ME I WAS THE MORON FOR NOT BELIEVING IN THIS TYPE OF ANALYSIS!