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WARNING BTC HEAD AND SHOULDERS HI CAPTAIN OBVIOUS HERE WARNING BTC IS PRINTING THE HEAD AND SHOULDERS TOP PATTERN RSI overbought on daily and overbought on 30 min and others, has checked resistance and rejected... it might go up still but it is currently in a trend reversal move, people are taking profits from the last long.. and we will collapse further dont get liquidated dont lose your money think straight put a nice stop loss, and you might enjoy about 10 percent move down that you can profit from i already got in at 21128 good luck everyone
BITMEX:XBTShort
by Captainobvious5454
4
🅱️ (₿) XBT Ultra-Bullish ConsolidationI don't what people keep saying but we focus on the charts, we read the charts and get all the information from the charts. One can guess and say things are this or that based on assumptions but the charts make no assumptions... Here is what XBT is saying on the daily timeframe. Straight up! We have a very strong RSI, ultra-strong. After the initial break that ended 14-Jan., we see no signs of a retrace instead a very strong bullish consolidation. Slowly bitcoin continues pushing higher, more likely waiting for all the bears to short so that they can be squeezed again. There is resistance though, for certain, at $21,488. If this level can be conquered bitcoin can go straight ahead. If XBT fails to break above this level, we still remain 600% bullish all the way through late March. We will see how it goes. In the case that it drops suddenly, as the market tends/likes to surprise, we are super safe for a higher low. See the two arrows: 1- blue straight up. 2- black small retrace then back up. Namaste.
BITMEX:XBTLong
by AlanSantana
4
🅱️ Game Changer | Bitcoin Bonds | El 🇸🇻 SalvadorThis is how the game is changed. This is how the game is changing. This is a game changer. El Salvador approved a new law to allow themselves to raise funds through Bitcoin-backed Bonds. The vote went 62 vs 16, just so you know how pro-Bitcoin the El Salvador government is. They like Bitcoin more than everybody. This is obviously the first time ever this is being done. El Salvador's president and government must have some seriously smart, wise and financially advanced advisors. Who's advising them? Must be the smartest people in this world. They intend to raise funds to a build new town called Bitcoin City as well as to buy Bitcoin (fair enough) in order to take advantage of the upcoming bull-market and share the profits with the bondholders. We are sending our best wishes and good vibes to these people and wishing them the best possible kind of success. We love you and hope you guys do great. Keep up innovating and the great work. The world is watching and will absolutely follow. Thanks for being first. Namaste.
BITMEX:XBTLong
by AlanSantana
5
🅱️ ₿ Weekly, Best Case Scenario... First Time Since April 2020After recovering from March 2020 low bitcoin moved above EMA10 signaling the start of the bull-market. In this bull-market, the first time that bitcoin dropped below EMA10 it happened in May 2021 after the $64,862 All-Time High. This signaled the start of the bear-market with a 55% drop. A dead cat-bounce followed which ended in a double-top in November 2021... Guess what? Bitcoin moved below EMA10 on the weekly timeframe... Signaling the start of the 1 year+ correction. Only slightly in March/April did bitcoin managed to move back above EMA10 but a rejection soon followed and the bear market resumed. Now, for the first time since April 2020, bitcoin is moving above EMA10 to the upside on the weekly timeframe, signaling the potential switching from the bears (red) to the bulls (green). Here let's take into consideration the best possible scenario for the next target: Fib. extension gives us two major resistance levels (targets): 1) $35,928 2) $48,557 Trend-based Fib. extension gives us the following two: 1) $40,356 2) $55,721 So instead of looking at the worst case scenario, let's look at the best case scenario possible. These are the potential target for a recovery/relief rally in 2023. Namaste.
BITMEX:XBTLong
by AlanSantana
7
BTC looks interesting because of how boring price is right nowThe last big move of BTC was when FTX collapsed, it was essentially a blackswan event because of how big FTX is. But since then, volatility in BTC price has been extremely low, there was a bounce to resistance zone of around 18.2K but price refused to go to new low. The extremely low volatility and sideway action shows that there isn't much attention in this asset class, sellers stopped trying to send price lower, while big buyers have yet to step in. The situation looks a bit like the 2018 bottom, after a big drop, volatility dropped off and price recovered slowly and quietly when people have lost all hope and interest.
BITMEX:XBT
by timhku
2
🅱️ XBT Short-Term 1H | 8-Jan.Expect this ascending channel to break to the upside... It will only speed up and continue higher and higher. By late January bitcoin should be growing at top speed. Expect the entire cryptocurrency market to grow. Expect the altcoins, big and small, to also grow. Instead of the classic one drops while the other grows, expect everything to grow together after a while, the division will start but only after multiple resistance levels are conquered market-wide. Happy 2023. Namaste.
BITMEX:XBTLong
by AlanSantana
3