Buying BTC - just another time for a good bounceBTC is still moving in the local flat zone. It couldn't brake through the level of 35000. Too much sellers appear in this zone. Some more FUD from China is also pulling BTC down today.
So what do we have and what to expect soon?
Technically, we can see that BTC has braked both H1 and H4 downtrend lines few times. So here we can speak about an effort to build a new H1 uptrend line. And this is a good signal to buy BTC.
We expect some more correction and a bounce from the major support zones of 31000 - 29000 soon.
Buybtc
BTC weekend sale is over - what's next?BTC weekend sale is going to be over. This weekend BTC followed the correction movement and now is very close to the strongest support level of 31000.
This fall was due to several reasons. The anticipation of some traders for a “Cross of death” that may show a signal from bullish to bearish trend. More news for another ban by the authorities of the Chinese province of Sichuan, which ordered the miners to stop their activities until July 20. Re-establishing correlation with all stock markets.
But all this negative will not negate the growth in the medium term. Miners will be sheltered in other countries. BTC continues its legal way. The inflationary expectations are only in favor of Bitcoin in the medium term, since Bitcoin is the most inflationary of all assets.
Scalper Season analytics have an idea that BTC is going to retest the strongest support level of 32500 - 31000. It can happen soon, as a result of last impulse. Than we can see the return to 37000. If there will be enough buyers (we know it will), BTC will continue to grow and will rich 40000.
More USDT was printed last days, so it’s a good time for whales to begin shopping!
BUY BTC Neo wave time cycle study gives me the confidence.
weekly clossing on friday(06/18) is the end for corrective cycle 4/A.
An EXTRACTING TRIANGLE pattern completed today gives additional cushion with stop loss
Buying pressure and, weakness in gold and stocks will boost this crypto for 2 months for 4/B upto 51600
Levels given for long and shorts .
ENJOY CRYPTO TRADING!!
BTCUSD BULLISH BUYING PRESSURE ZONE What up everyone!?
It seems like we were right with our analysis for now.
BTC hit our target (C).
Check the analysis before.
Now we are in a big bullish buying pressure zone (black).
It will be interesting how fast we can break the bearish selling pressure zone (yellow).
I personally wanted this to happen, and I follow the system.
So I reentered the markets. I bought more BTC and ETH for now.
Long term view: I don't see any technical or fundamental reason that the markets should go further down.
Most likely we will see a consolidation (sideways move).
Nice to see how all the hype buyers are now out and stupid money lost again.
We are back to the Elon candle, that in the past caused the markets to further up with no real reason.
Just hype!
That's why I sold 50% of my holdings at the top.
Lets get it!
BTC/USD correction finished?So price hit 30k and this is a little higher than 0.618 Fib. Now this is healthy correction. On 4hr we can see that wave C have 12345 form and wave 3 completed. Now we are waiting for wave 5 and buy it. First target after correction finished is 52k as 50% from ABC correction. But make it clearly correction is not finished yet. You can buy it in 27-37k range. If it goes under 27k, this is not healthy correction and things can go down to 16k etc. So be reactive and keep calm. BTC and all cryptos will raise UP anyway, but now we need to get this correction and wipe all random buyers out.
When is the best time to buy Bitcoin?This is the most important question that all my students and individuals ask me
It should be noted that there are several scenarios to complete the bitcoin reform, but the most likely, as shown in the chart, is the return of bitcoin from the above price.
Be sure to wait a while to enter Bitcoin trading transactions
If you enter at a higher price and lose a little profit, it is better to enter incorrectly.
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Hamid Mojarrad : Lecturer, analyst, trader and senior consultant to reputable investment companies
The best chart you will ever findThis is a chart which sums up 5 years of btc journey and you can see highs and lows and also i predict btc at 100k on august 2021 or sept 2021 ...i bet. And to all those waiting for 6k,3k you can find from this it can come but miners become unprofitable at 6k level post halving so it migth not go below it so buy in parts buy 25% at 8500 25% 7500 so on and so foreth