E-x-t-r-a-v-a-g-a-n-z-a

E-x-t-r-a-v-a-g-a-n-z-a

As you can see, the Gaussian Channel has changed from green to red multiple times in the past. Every time the Gaussian Channel has turned green before, Bitcoin sees some good upside movement.

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This usually works as a price support indicator. The midline of the Gaussian Channel being the strongest support.

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Please refer to the chart for all the info about the technical analysis.

E-x-t-r-a-v-a-g-a-n-z-a

A breakout here woulb be ideal, but as a trader you always have to see everything as a realist (pessimisticly). We've found support, but also resistance; the last trend is downwards, as you can see in the channel. Apart from the black channel, there is the Gaussian channel, which is acting as support now. The Gaussian channel is that thing you see shifting from...

E-x-t-r-a-v-a-g-a-n-z-a

I strongly recommend you use the BLVTs in Binance to buy "BTCUP" during this golden opportunity. If you're a beginner, this is the easiest way to make a quick buck in a matter of months. My target is +$100k USD for December 2021, so there is still room to play around. The actions of today will determine your lifestyle of tomorrow. Patience. Just invest early and...

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The last price recovery was faster, but its dump was also slower (see the big blue circle on the left side for reference). I'm forecasting a slower recovery for this time, as you can see in the blue curved line. Real recovery might differ from the forecast, as I don't have a crystal ball. No one can know the future for certain, but we can calculate. If you haven't...

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This was actually very easy money. As you can see in the chart the wick made a fakeout to the downside (going past my support), but the next candle respected my blue line (support holding) and the price is now recovering from the sell-off it had yesterday.

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A cocky guy on a Discord server I'm in was bragging about his prediction of a pullback. Like dude, come on! Lol. Just take a look at how many there are...and this is just March. Who's better off? I am, certainly. Take every opportunity that shows in your favor (AKA buy the freaking dip to get rich). The main trend is upwards, as you can see in the chart I made to...

E-x-t-r-a-v-a-g-a-n-z-a Updated 

We'll keep breaking ATHs until December IMHO. My next BIG objective as a price target is $71,350. Patience pays, whether you stack & HODL or you trade it as a CFD or in futures.

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When considerably big positions are liquidated, what happens usually is what you can see in the chart. It looks like a wick in the 1h timeframe, but in shorter timeframes it's a candle; trade wisely.

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As you might have seen in the news today, BTC made a juicy move and is now at ATHS, in unknown territory. When this happens (entering unknown prices) one just has to be patient and follow the trend. The trend, as you can perceive easily at any chart, has been bullish since the halving.

E-x-t-r-a-v-a-g-a-n-z-a Updated 

Red line is STRONG RESISTANCE. Yellow line is STRONG STRUCTURAL SUPPORT. Blue line is STRONG SUPPORT. The Gaussian Channel is bullish too!

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The title only allows me to write a few words. The entire title is "Bitcoin: Why I believe $53.5k will be the bottom for the next leg up"...so no, not really the bottom for the entire bull-run that Bitcoin is expected to have this year, sorry. I was actually supposed to go out tonight with some spicy Belgian señoritas, but whatever. Somehow the plan got fucked...

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As I stated in the last post, I would do the same analysis from a different perspective...so here you go :) There is still room to fill.

E-x-t-r-a-v-a-g-a-n-z-a

For those needing proofs: I'll make another update regarding the same thing, from a diferent POV when it comes to the structure.

E-x-t-r-a-v-a-g-a-n-z-a Updated 

Marked as long since I'm bullish on a macro scale for EoY. As you can see, the price just broke below the Gaussian Channel mid-line. Also, the chart shows a (not so) symmetrical triangle in formation; these things are usually followed by breakouts in the direction of the main trend.

E-x-t-r-a-v-a-g-a-n-z-a

The next movements that Bitcoin will do are bearish. We can see the price action having place below all support from the indicators. Personally, I will look for another entry @ $57.2k-$53k; why not accepting a discount when you have one?

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As depicted in the chart, this would be a great opportunity for shorting Bitcoin short term, and here's why: 1.- The resistance just rejected the price to the downside. 2.- We're just retesting the yellow trendline that has been pretty much reliable since Dec 2020 (it only broke once). 3.- RSI is making lower lows, while price differs.