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MSTR slammed earnings beyond the parking lot LONGMSTR while Bitcoin and the whole ETF thing has caused crypto momentum had a good 4QTR23 and 8Xed the analyst's earnings estimates two days ago. The momentum is expanding as market volume is accelerating. Late afternoon the zero lag MACD showed some recyling as some early traders took cash off the table. To emphasize however, there is no sign of bearish divergence on the RSI. This has gained 25% in 3 days. Anyone into the prices needed to acquire options contracts could consider looking for an option using their own typical selection criteria. There are others who as price is overextended and it will fade. They say the same thing about NVDA. For me, I will take a trade here even if the continuation is short lived. At the end of the day, Bitcoin could go to MIL:1M per each as some of those with crystal balls forecast. See also small cap miners BTBT BTCS Cleanspark HUT and some middle caps in RIOT and MARA. It's a buyers' market right now but only if you do not chase. Look on a low time frame for an oversold undervalued intraday moment and take your trade !
NASDAQ:MSTRLong
by AwesomeAvani
1
We'll See What Happens Next! [Short-Term Forecast]In this video we discuss the Bitcoin forecast as we finish out the rest of the year (Crypto Spring). We are keeping an eye on the triangular area between the Maximum Halving High Pressure Zone and the Future Halving Price Line and the potential that bitcoin could meet significant downwards pressure in this area. Also, we're looking at the 365 Day Moving Average, as it continues to trend below the Future Halving Curve (The Jet Stream). Historically, If we finish out Crypto Spring with the 365 Day MA below the Jet Stream, the Bitcoin price would trade mostly below the Jet Stream up until the halving date. What are your thoughts? Thanks for watching!
INDEX:BTCUSD
0
by TheCryptoWeatherChannel
Bitcoin's Probable Wavemap: $113K to $5KWhile Bitcoin's fate is unwritten, considering its historical, all-time price action there are certain signals that we should be able to gather, based solely on its continuous price action. Over the last few months, the wave count for BTC has been a bit muddy at best but should we be where I think we are, the Digital King will be soon on its way towards a new all-time high precisely in the range of $113K (based on BTC's all-inclusive wavemapping). Though this hypothetical pending pump will be euphoric for many of us retail traders, from where I sit, the unorthodox ATH will amount to nothing more than a sucker's rally. The days of enormous Bitcoin growth are on ice until the current corrective phase finishes. Bitcoin enthusiasts across the world are happy that the downward-swing is signaling the end of the #CryptoWinter. I definitely look forward to the #CryptoSpring as well, but I am not very optimistic that that the mid-term (3-5 years) forecast will result in the bulls favor! We could see seasonal swings of winter > spring > fall ... #CryptoWinter = 2021-2022 #CryptoSpring = 2022-2024 #CryptoFall = 2024-2027? Traders that have numbly relied on the Halvening to be the catalyst for Bitcoin's new growth cycle will likely be in for a rude awakening during the #CryptoFall. If/when Bitcoin Bulls are unable to maintain its current 5 year trend line, its heavy RSI divergence (since February 2021) should/could force a deep, healthy correction. Before Bitcoin is able to achieve more high-rate growth, it must first withstand a very probable, mind-blowing 93% correction from the likely ranges of $113K to $5K.
BNC:BLX
by DigitalSurfTrading
2
BTCUSD: Bitcoin Prepares for New All-Time High Near $99.4KBy or during Spring 2024, Bitcoin should be near its next destination within the expected price itinerary ($99.4K). After taking a Beary Bad beatdown over the past 8 months, the gloomy sentiment of further capitulation has settled within the minds of many retail traders. Making the timing ripe for the market to feast. According to the waves we've witnessed from June until now, I on the other hand think that Bitcoin has instead taken all the abuse it will allow from the Bears, for now. With a 73% reduction in value from its current all-time high at $70K, price action has seemingly formed a vey sharp zig-zag wave downward. Based on my personal wave count from Bitcoin's very first all-time low candle, I think the macro pattern spells out a pending pump for the Digital King. Forming what I believe to be a Leading Diagonal from June's bottom price at $17.6K and ultimately pushing up to the range of $25K, the Digital Surf Gang and I were totally expecting a deep dive back to the range of $18-$20K for a major test and a likely level of discovered macro support. If I had to be more specific on the expected support level, I'd guess that it comes near $20.1K, in a matter of hours from now. With an apparent Leading Diagonal in Wave 1 (of a hypothetical Wave A), I expect Wave 3 of said Wave A to become extended in form. This extension would likely get Bitcoin back above $40K by October of this year (2022). Looking beyond the nearest term pump, I believe that Bitcoin will reach the $99.4K mark by Spring of 2024 . As you can see on my chart, though I'm confident that a new all-time high comes, it'll likely only be a big trap as the ascending move would be due to come in corrective form, instead of impulsive. Not too long from now, many traders and investors will better understand why it is better to 🏄 than to #hodl (if they haven't already).
BNC:BLXLong
by DigitalSurfTrading
8
Bitcoin: Momentum Looks Toward Liquidity Near $27K-$29KWith a 70% drop in value over the past 8-10 months, its easy to understand why many traders consider price levels of $3K, $10K, $14K, $16K and even $0.00 as appropriate at this time. Relying solely on Bictoin's price structure, even to consider the waves from its all-time low, I find all of the above mentioned targets as doubtful in the least (though I have been wrong before). As my prediction was made weeks ago, I yet expected Bitcoin to find very solid support above the $18.6K level and am hesitant to consider other macro, bearish alternatives without this being negated. Still sitting nicely within its apparent Leading Diagonal pattern, wedge Wave 4 should conclude very soon, likely within the next 48 hours. Also considering the guidelines of a Diagonal Wave, which many also classify as Wyckoff, the next upside swing should be at least $6503 in length, pointing us minimally to low $26K. Looking at the current upside trend line, one could also see why $29K would be attainable. The distant ranges of traders' emotion are currently on full display. At $17K most people thought gloom, I was too undecided a bit here but shortly after the pump initiated and I found some invalidations for more downside, my sentiment has since been bullish. At $25K, certain bulls proclaimed that price was heading back into the $30Ks and beyond. The Digital Surf Trading Community was in total expectation of a drop to the $20K range. Now that we're below $20K, the sentiment of gloom and fear has yet returned. With the theory of Support and Resistance, traders feel that a drop below $20K is a very very big deal. TradingView and mainstream news articles only help to cement this bias. In the grand scheme of price action however, $20,000 is simply just another number, though definitely a psychological level when looking at the bare naked number. Should the target range of $27K-$29K be actualized, fully expect a retest near $21.5K, though there is slim chance that support could be discovered above this level. Based on Fib levels and my personal wavemapping, $18.6K is the only major level in the current range. If Bears can't strike below it, Bulls are largely yet in control. As said weeks ago, Crypto Winter has concluded and Crypto Spring is upon us (unless $18.6K breaks).
BITFINEX:BTCUSDLong
by DigitalSurfTrading
44