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That's all you need to know. Follow me for more of these updates
In case you didn't know, this was thanks to the FEDs conference that had place today; it was definitely not good news for the USD, so people buy other assets as a hedge for fiat devaluation and general inflation...and what's the "star asset" for that now? DING DING! You got it...Bitcoin. The ADX is still signaling an uptrend move, but it totally depends on price...
It's possible, I'd give it a weak 40% chance, but still considerable. If it were to go down, don't worry, $51k is the strongest support
If you don't know how to trade, I suggest you DCA every time you can. Buy SATs, which are just a fractional part of a Bitcoin. You don't need to be a millionaire to get some. Stack SATs all the way. This will be HUGE. Your decisions today!!!!!!!!!!!!!!!!!! Your lifestyle tomorrow... Stay patient :) Stay rich.
I will keep you updated. Follow for daily BTC updates. I only do Bitcoin, nothing else!!!
I hope I'm wrong, but let's see the good side, it will be healthy for the price to be able to go up further in the upcoming days. This is part of an Elliott Wave analysis I made with a friend. Insane bull-run ahead. Just not now. Patience pays.
This is a simple Technical Analysis (TA) of Bitcoin (BTC). That line I drew long ago is still viable for making analyses. "You can always refer to the left to predict what will happen on the right".
They've been respected so far! Amazing. Technical analysis really helps a lot.
(considering wicks) Simplicity is the ultimate sophistication. This macro analysis depicts the Bitcoin bull-run in a macro scale. If my calculations are right, BTC will top @ exactly $338,145.57 USD before getting into a bear market cycle. This has always happened before; I suggest you refer to a plain Bitcoin chart to see the cycles at its finest by yourself and...
I told you; we had all chances in favor for another ATH break. Relatively strong momentum, reliable structural support (refer to the yellow lines marked in the chart), upwards direction, the MA as support, great diagonal channel formation and moderate volume for a trend continuation. Congrats for those who bought the dip at $43k. Personally, I did, but as a...
I recommend you save this post for future reference to validate further bullish moves in the upcoming weeks
In the worst case scenario, this is what would happen. That doji I'm seeing right now isn't great. But we have to be patient. If we go down strongly, we would bounce at the pointed structural support level and retake upwards. Rome wasn't built in a day :)
Red lines = Strong resistance points Yellow lines = Strong structural support points Blue lines = Strong support points $60k...Here we come! Remember when people were doubting about if it would break $20k or not in 2020? Hahaha
My ultimate target is $75k; I've seen numerous people aiming well further to $250k or even millions! But that is just personal thoughts, and each mind is a whole different universe...here's what I see in mine, quite conservative compared to other analyses. If you're willing to buy and your risk tolerance is low, wait for the next 20%-25% dip. It will FOR SURE be...
So it looks like this descending triangle is getting close to its end. Unfortunately I'll go to sleep now, but you guys can trade it. Good luck and be patient. Clear minds always see better.
Watch closely, this thing is heading down. I'm generally a Bitcoin bull, so I looove dips...why? TO BUY CHEAPER
My last idea was a long; I changed my mind and close the trade in a less than $3 USD loss. The market wasn't going where I pointed. I prefer to wait for stronger signals. Those who adapt, survive. Lose small and win BIG, that's how it works. I'll be updating you all in the meantime, be patient!!! Cheers :)
Excellent intraday trade opportunity