Bitcoin☯️- FUD and FOMO have never been closerWas that dip one to remember? Maybe!
Will the 'Fear Uncertainty and Doubt' give place to the Fear Of Missing Out?
With some news of institutional investors buying into Bitcoin and with the fundamentals being well designed, the price can explode back up.
Let's see what happens now that the psychological barrier of 40k has been breached again.
Mind the resistance at 45k and we can go towards new all time highs faster than you probably think possible.
the FXPROFESSOR
FUD
Bitcoin FUD Leaked Conversation - Real or Fake? Scenario EvolvesHere in the charts is the possible scenario about the FUD Leaked Conversation calling for $25k, can't find it but if somebody has it post a link in the comments. User was "anonymous" and calling the recent $30k price drop to liquidate a big player.
Not sure if this is true, as I called the $30k price target with the Wyckoff distribution pattern I posted here on Trading View also, just hit play and check the target line. Props to Market Cipher which also gave me the confirmation needed it was time to take profits. Long story short, the article called for a symettrical triangle to develop and eventually dump to $25,000. Well here we are, symettrical triangle developing. Real or fake?
Bitcoin Support at $30,000 & $47,000Interesting how we come right down to the 1.618 Fibonacci level at $30,000 during this current Bitcoin crash. If we continue further to the downside we'll be going back to lower $30,000 levels. If we regain momentum back to the upside Bitcoin will probably go right back up to the 2.618 level around $47,000. We're trading dead in between two critical Fibonacci levels. I don't believe we will be trading in between the 1.618 and 2.618 levels for too long. Just my personal opinion.
There's tons of volatility right now and the market is very spicy. Another Elon Musk Fear, Uncertainty, and Doubt tweet could easily send us further down. I'm personally not too fond of people that spread negativity and pretend they're going to sell Bitcoin but continue to buy it. I tend not to trust people that exhibit those qualities.
Much peace, love, health, and wealth.
Matic hitting resistance. $1.90 TargetI'd like to see how this holds up. There are is a lot of FUD going around, but stay strong we'll be back up in no time. Currently i do think we hit our bottom and are about to start our reversal into an uptrend. A bit of chop, it's all that is.
BTC to recover to 100k??Whats up cryptomaniacs!
If you have been living under a rock and havent noticed the dip that we experienced over the last 48 hours then welcome to the world of crypto!
In our VIP chat, we pointed out that BTC was experience the Wyckoff faze. (if you havent herd about it, google it)
We also pointed out that the BTC could drop all the way to the 30k target, lined out in the yellow zone.
Which it also did.
Now im about to hit you with some knowlegde/rumours.
And as they say, buy the rumours ;)
There was talk of a coordinated sell to happen on btc (could of been the china news banning crypto fud once again)
Once liquidated, plan was to buy all the reserves that were potentially left.
Also part of that rumour was the price was expect to drop to 30k before said all reserves were bought! Same target as the drop from the Wyckoff fase.. Coincidence?
The next rumour was this bullruns ATH was going to be 100k USD.
Moral of the story is, dont believe in FUDS. China has banned crypto so many times, its not funny.
What do you think??
[UPDATE BTC] NOTHING UNTIL JULY AND THEN WE GROWAFTER THIS TEXTBOOK MANIPULATION, I EXPECT MODERATE CONSOLIDATION FOR 1-2 MONTHS AND THEN WE START MOVE UP.
EVERYONE IS EXPECTING A BEAR MARKET. HOWEVER, THAT'S WHAT THEY WANT, EXTREME FEAR.
IT'S A TEXTBOOK EXECUTION OF AN INTENTIONAL DECEPTIVE CAMPAIGN TO TAKE MONEY FROM UN-INFORMED INVESTORS AND SHIT COINERS.
BTC capitulation, still BULLISH!This is what we called capitulation where the big whales wanted to enter the market with a lower price and they create FUD(Fear Uncertainty Doubt) into the market and causes panic selling adding up with prices touching many stop losses of leveraged position along the way creating a big long red candle. As the market touches the ideal buying price for the whales, they bought the dip and as we can see the volume spike like never before.
If the whales miss the moon rocket, they bring the rocket back and get on it! Now the whales are on board, next stop, MOON!
This indicates that the market is still in a big demand where the whales would like to buy in at a low price and they know the price would at least gain for 100% from here.
I hope you bought the dip along with the whales!
Bitcoin - 30k next target, or will the 44k area hold?As you can see a head and shoulders pattern has formed, the current support level is around the EMA and support level at 42k.
My theory is that if this level around the EMA is broke then we can expect further downside, how I’ve calculated the downside is by taking the head and shoulders pattern from the head down to the neckline and that has given me the % it could potentially drop.
Depending on price action and how the next days, or week plays out (if it goes into a consolidation phase) that will be vital to understand what happens from here.
Let me know what you guys think in the comments.
BTC Calling Bottom Elon Price Manipulation, -In this post i will be explaining why the bull market is not over and why i am very confident this is the bottom for BTC's recent pullback.
-In the past 2 months we know that BTC has been moving sideways.
-We also know that BTC Dom Chart is dropping which is a good indicator that it is alt season.
-We saw major Pairs like ETH LINK and LTC drop draws and make people Ridiculous amounts of money. While BTC moved sideways for 2 months between the $44k-$62k, this is a large indicator for alt-season.
-Here are some Reasons on my Theory with Elon.
-Elon tweeted a few days ago saying how Tesla will no longer accept Bitcoin payments due to the fact of Environmental Reasons and they will be looking for other cryptos to accept in the future.
-ELON IS CREATING FUD AND MANIPULATION IN PRICE DUE TO HIS LARGER FOLLOWERS. YOUR TELLING ME A COMPANY WITH A MARKET CAP OF 568 BILLION DOLLARS DID NOT DUE BACKEND RESEARCH ON A INVESTMENT??? I DONT BUY THAT AT ALL.
-Elon/Tesla also announced that they have sold 10% of there Bitcoin holding to show liquidity.
-This also plays a role on how he is controlling the price. He announced Telsa has sold 10% for liq reasons and a week later he announces that Tesla will no longer be accepting BTC. This is clearly a manipulation in price and movement in the markets.
-Elon and Tesla are most likley buying this dip with that 10% they sold earlier so they can gain more BTC.
-On the TA level i have a few supports in mind We are currently testing the $44k level which is also bouncing off the Blue bullish trendline that i drew from mid December of 2020.
-This leaves me to believe that if we do now hold the $44k level that we will retested $42k and if 42k does not hold Last resort is the last Support i have $38k.
Now We recently have closed the weekly timeframe above the Bull Market Support Band which is a great sign.
Also Keep in Mind that we havent not painted any top wick yet and just the bottom another reason i am bullish.
-We have also seen the fear and greed index hit a 20/100 the lowest we have seen all of 2021.
-As far as recovery i do believe that this will take time to recover with such nasty news and major FUD seen on twitter and many crypto Community that 1 man has created. My guess is Trading Volume will be very low which means that we will see very slow movement across the board on these blue chip and mid cap coins.
-To Finalize this post i would like to say a few things.
-THIS MARKET CYCLE IS FAR FROM OVER
-You must be greedy while others are fearful and that is what is exactly happing in this market rn alot of Fear.
-I have Orders at 44k 42k as well 38k this is not the market top but defiantly a local top for a good amount of time.
-Im not selling any of my portfolio and all this fear and FUD just makes me want to buy more.
-Thanks for reading my Thoughts on the Bitcoin and if you dont know already BTC will determine how Alts perform If BTC keeps dropping Alts will drop hard and if BTC accumulates we will see some random coins pump.
Toughts on BitcoinThe last couple Months wasn't easy for Bitcoin. I didn't analyse onchain Data, but i can tell just by how the crypto market behaves, that alot of money flowin out of BTC and into Alts, like i never saw it before.
I used to be a BTC Maxi, but the last Weeks almost forced me to swap my BTC for Alts to hedge my Portfolios USD Value and increase my BTC holdings.
Even tho i am in a couple nice trades like CREAM, ONE, ETH, VET, CAKE, KCS and some others that aint doin well like ICP and OCEAN, they would do much worse if i haven't traded the BTC pair. That's the Reason i wanted to take a closer look on whats really goin on with BTC right now. I think the FUD was just the Nail in the Coffin for BTC Dominance and i think this is overall good for the Crypto Market. We saw in the last Weeks how Alts start to decouple and starting to finally move more independent and dont get drawn down as much from BTC than they were in the past.
Bitcoin just touched the .886 Fib. (measured of the 28. Feb lows) after failing multiple times to break resistance levels at 59k, developing a rising wedge, breaking the demand line of the wedge, with triple bearish divergence on the daily RSI, MACD Histogram and even Stochastic. After that it broke thru the critical support area at 51k-53k,while every mini rally turned into a lower high again and again.
This previous support levels now acts as resistance and BTC failed to break back above it, which made it fall even lower to 45k and breaking another crictical support level of 48-46k. Horrible....
The only good thing about this is that if BTC could start to catch some bids, we could see triple bullish divergence on MACD and RSI on the daily and 4h chart. I think the only chance for Bulls to regain control over BTC is if they can manage to close this weekly candle above 46300$, the price level of the weekly 21EMA ,which in previous cycles always acted as support during the Bull Market.
If BTC closes below this level (and i pray it wont) i believe BTC could fall significantly lower to the previous ATH at 42k, which would make sense because its the .618 fib level, measured from the january lows at 30k to the ATH in April.
Bitcoin to see a further correction downYesterday, when I was reviewing the charts, I was looking for buys around 60k for buy entries. But as we saw some FUD enter the markets, the price took an unexpected dive. This in effect altered the structure and gives a little indication of what's to come.
Looking at the structure now, it looks like we will see a retrace of that drop back to around 60k (0.618 fib level), to create the H&S, where I am anticipating a bigger correction of the overall upward move back down below 50k, my guess would be around 48k but could go as deep as 45k.
Let me know your thoughts.
Trade Safe!
HEET
REEF recovering power after Sam Trabucco's FUD attack.As you can see, REEF defeated the Sam Trabucco's FUD attack.
This is not the first time that REEF got fud-attacked, and always the crypto defeats these criminal people.
Why they attack REEF? Because they feel envy and fear by the great potential this project has, and the very good person and CEO that Denko is.
Now, you can see why is too important keep calm and NEVER sell when a FUD attack comes to your crypto.
This is a very great experience for all.
Don't worry, REEF will go to the moon.
If you are out of REEF, buy it right now and add to your portfolio; this is one of the most important and powerfull crypto projects right now.
Bitcoin in rising channelHi everyone!
We've got an approximately 13% pullback, and all of a sudden everybody turned ultra bearish. India is banning bitcoin, whales are dumping, bullrun is over, blablabla, you see FUD everywhere (like always, when we see a correction). I think you should focus on price history, and technicals. Right now i think BTC is moving in a rising channel. Also BTC tend to bounce from the 21 daily EMA. You should also see that we have several areas of serious support below, where price can reverse. Yes, we have a slight bearish divergence on the RSI, but we had these divergences back in 2017, and went on full rampage nonetheless.
Do not panic until you see serious technical damage! HODL on!
$ORN: If it's gonna bounce... it's gonna be here.Price action for $ORN has just touched that lower .5 pitchfork prong. As well as a perfect confluence for the previous pennant's top trend line. I think there's quite a bit of FUD in the market right now. We're in a disbelief area of the market cycle... "This is it, it's over, we're going back down now."
Staying patient and stacking more of these massively bullish, high potential projects is the move. Do you have less that 1k $ORN? Fix that asap.