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Mbaeagles

Will $30k be the Blow off top were all anticipating for ? Bitcoin has literally been rallying since its March lows where it was trading at under $4000 per coin. Price has made a bullish recovery rallying up over 600% to date with no real correction. Will we see a decent pullback in the near future, or will price keep pushing higher into new territories ? Even if we hit 13k we will still be in a bullish market, a 55% correction would be a healthy pullback in my opinion. What's your thoughts traders ?
BITSTAMP:BTCUSD
by steevyp2820
9
Double Top on Bitcoin ? Were hearing bullish news for bitcoin left right and centre, all youtube moon boys calling $100K BITCOIN But imo why would institutional investors pay high prices for bitcoin when they know they can easily manipulate the market. Thinking overall we have had a 266% price increase since the corona dump in March with no real correction, And i'm pretty certain large investors would have heard the paypal news weeks or months ahead of us and they will be looking to take profits to buy back in at lower prices. We also failed to close above this key resistance on the monthly TF, also we have made a 100% retracement from previous highs. And can we really use 2017 price action in our TA ? We all know it was FOMO that caused that rally every Tom Dick and Harry wanted their piece of the pie back in 2017, But right now I still don't see mum and dad investors piling in. What's your thought ?
BITSTAMP:BTCUSDShort
by steevyp2820
3
The Bulls are here ?!! BTCUSDG'day Followers, How amazing has the price action been lately on bitcoin and the Altcoins, It certainly has been amazing to trade these markets lately although so much volatility has come through which could be very dangerous trading for non experienced traders, also if your not applying the correct risk and also using stop losses. Anyway lets get to the chart, So as you can see price has well and truly surpassed the golden pocket area on the daily timeframe from the previous high, and what does that mean? Well usually when price starts breaking above the 61.8 fibonacci level we start to see a trend reversal from the downside, and it being on a higher timeframe is more relevant. Imo I think the bulls are here, It has been a very long bear market in the crypto space since January 2018. And according to the wall street cheat sheet since breaking and closing above to 10k psychological area of (disbelief) We are now touching new highs for the year which we can call it (Hope - A recovery is possible) Once we start reaching newer highs then comes, Optimism, Belief, Thrill and at these stages come institutional investors (mum and dad) investors as we call them. Anyway if you have no idea what i'm talking amount try googling the (wall street cheat sheet) So anyway, I think a pullback to the EQ level at 10500 is possible before we start making new highs, the market makers want more liquidity and I dont think they will want the bulls to start their rally before then. :)
BITSTAMP:BTCUSDLong
by steevyp2820