BTCUSD looks strong on the upside.
The chart first formed a strong support with TDI diversions. Followed by the first leg of up move. We are watching some resistance because of the trend line firstly and secondly this area has acted to be a resistance zone earlier too, hence 55000 is an important zone.
Now two trades are possible-
Case 1- Breakout- If it...
Since we have 2 phases of the upward move and forming ascending triangle pattern in the 15 min time frame, we can expect that it can give a big breakout from levels of 49000-51000 levels.
The market can enter into a long long uptrend phase with some frequent minor correction and it can sustain the uptrend till 55000 levels followed by 58000.
As we have seen in the past after buying the bitcoin by the Warren Buffet , The BTC dump heavily.
These wealthy people want your bitcoin , DOn't make them fool again.
First they create the news then they dump on retail trader.
As market dump down, they start buying again.
History is repeating again.
Don't let them fool us again and again.
Sell your bitcoins now...
Journey Toward 12k has started but we were already into cash and we have shorted the market at the right time.
Bitcoin is doing what we have predicted.
This Is The Golden Time That We All Are Waiting For.
The last opportunity of the decade.
Within in a one month Last Golden Opportunity awaits to get ultra Rich.
This Bitcoin cycle is special and Powerful than...
We have converted all our Bitcoin into cash !!!
It doesn't mean that bitcoin will go to zero.
As we can see in the chart that prices are over extended and multiple fear and greed index now at Extrema Greed.
Prices will correct about the support level 11.6k to 12k and then it will Moon Again.
This will be healthy correction for prices to stay bullish, to shake...
As we consider the money printing than the new all time high of bitcoin will be 27k to 29k Range.
Bitcoin will likely to crash upto 60% at the range of 9k to 11K ( Reload Zone)
In addition to that we are observing this strange pattern when the prices mooning consequences three month. 2nd candle is bigger than 1st.3rd candle is bigger than 2nd candle.
In my last post, I made the case that Bitcoin has found its bottom at the green support zone because of the following reasons:
1: Bitcoin has fallen 20% from the current peak to the support zone
2: The support zone was key resistance multiple times. The fact that it broke resistance is significant!
3: The 21 weekly ema was at the support zone.
As we can see now,...
Despite the fact that COINBASE:BTCUSD has fallen 20 percent over the last few weeks. I think the price, at this point, is still bullish and here's why.
As we can see on the chart, we have the green support zone which has been touched. This zone has been resistance on October 25 in 2019, Februari 13 of 2020 and in May and June of this year. This implies that...