BitcoinLong
Is BTC officially on the run?
In The News - Fundamental Sentiment
Mainstream Media:
- Bank of England's governor, Mark Carney has warned that BTC 3.15% faces a regulatory crackdown (no kidding champ).
- Germany will not tax individuals using BTC 3.15% as payment (I love taking it easy).
- Australian news agencies selling BTC 3.15% (over 1200 stores - yay more people).
- Ban order on 40 BTC 3.15% sites lifted in Russia after court order (go courts).
Neutral Sentiment
Social Media:
- 72% more nodes than 2 years ago.
- 2 millionth BTC 3.15% wallet.
- Certain trading platforms reduce fees.
- Futurist Thomas Ray predicts Crypto will overtake 25% of fiat 2030
Bullish Sentiment
How is she?
- BTC 2.93% is pulling me closer as I take a big gulp of air. Still worried she might leave me but that worry is fading fast.
Technical Analysis
On the hourly charts:
- Volume is not super high (for a weekend) and this has me slightly worried but it seems to be improving so ok with this.
- It has passed the last high of ~11185 meaning that we will have a higher high and a strong 3rd Elliot wave . Potentially a 1 to 1 fib extension based from the 1st wave.
- Above all the main moving averages. Clear separation of each moving average (also known as fanning out)
- MACD positive with the green clearly over red and histogram is positive.
- RSI indicator reaching limits. Perhaps a minor respite before the next run.
Bullish Trend Confirmed on the daily
What am I doing?
- I will now HODL until I see what price action we get around 11.8k. We will have another small corrective 4th wave but the upside of the 5th wave is too good to consider playing a swing trade.
- I have set my target at >12.3k
- If price falls below 10k, I will sell to break even. This will be a failed Elliot Wave and this is still a possibility.
Mainstream Media:
- Bank of England's governor, Mark Carney has warned that BTC 3.15% faces a regulatory crackdown (no kidding champ).
- Germany will not tax individuals using BTC 3.15% as payment (I love taking it easy).
- Australian news agencies selling BTC 3.15% (over 1200 stores - yay more people).
- Ban order on 40 BTC 3.15% sites lifted in Russia after court order (go courts).
Neutral Sentiment
Social Media:
- 72% more nodes than 2 years ago.
- 2 millionth BTC 3.15% wallet.
- Certain trading platforms reduce fees.
- Futurist Thomas Ray predicts Crypto will overtake 25% of fiat 2030
Bullish Sentiment
How is she?
- BTC 2.93% is pulling me closer as I take a big gulp of air. Still worried she might leave me but that worry is fading fast.
Technical Analysis
On the hourly charts:
- Volume is not super high (for a weekend) and this has me slightly worried but it seems to be improving so ok with this.
- It has passed the last high of ~11185 meaning that we will have a higher high and a strong 3rd Elliot wave . Potentially a 1 to 1 fib extension based from the 1st wave.
- Above all the main moving averages. Clear separation of each moving average (also known as fanning out)
- MACD positive with the green clearly over red and histogram is positive.
- RSI indicator reaching limits. Perhaps a minor respite before the next run.
Bullish Trend Confirmed on the daily
What am I doing?
- I will now HODL until I see what price action we get around 11.8k. We will have another small corrective 4th wave but the upside of the 5th wave is too good to consider playing a swing trade.
- I have set my target at >12.3k
- If price falls below 10k, I will sell to break even. This will be a failed Elliot Wave and this is still a possibility.
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