It seems there is no stopping Bitcoin and we continue to see only higher prices.
On the last monthly analysis, we looked at Bitcoin in a different view based on candlestick reading... "We go down the first half of the month and up the second half..."
This is becoming true now: Bitcoin Monthly & Why We Go Down Before Go Up!
All the selling/corrections/retraces have been quickly bought up and no opportunity left for the bears/red to shine.
More stimulus moving coming in = Higher Bitcoin prices.
If you remember an even earlier Bitcoin analysis based on the TD Sequential and monthly timeframe, we had room for another two months of green... This also seen to be the most probable scenario right now!
I would sincerely hope you change your post to call for a correction. BTC seems to be moving opposite from your calls. Namaste.
AlanSantana
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@aviery, You mean post a new one or delete this one?
rassulophoto
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@alanmasters, LOL. It’s true Alan, you haven’t had the best of luck with BTC calls recently. I love you man but it’s as if btc has been disobeying you. Bad btc, bad!
AlanSantana
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@rassulophoto, If it had obeyed me we would be worse off right now... It is better if Bitcoin continue to do its own thing.
rodzyn1989
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@alanmasters, Dont change it. You were wrong and thats fine. Trading you can predict some probable scenario but you dont ever know 100%. Everyone are wrong sometimes and thats fine, we own to it. If you start changing old predictions or deleting them whatsover, it removes all the credibility and trust.
Btw BTC doesnt need to go to 30k to hit highest level since Jan 18, it already did reach it going to 20k.
You get 15 minutes to edit/delete but after that they cannot be removed.
The charts are always and so am I.
I am always changing that's for sure.
In my TA defense.
We are looking at multiple timeframes (here the bigger picture) and we mention the other side all of the time.
Namaste.
suitableSalami22286
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I think time has come for Fundamental analysis of BTC rather than Technical.
No one now doubts that fundamentals have improved beyond expectation.
Plus all the big institutions are buying on OTC market thereby sucking away the liquidity.
Imagine where the price would have been if they had been buying on the exchanges !!!!
The only caveat is if the stock market crashes (which it will one day) then BTC will tank just like in June.
But if BTC is already at 50k and crashes to 30k, then we are still good.
Mailin101
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here is my btc dominance chart which so far correlating with your chart, please check it out , thanks