BTC long term possibility this idea is a combination of fundamental world view .. painted on chart using Elliot wave ..
upcoming 4rth is a primarily a technical trade and not a fundamental trade... however given the current economic situation ( inflation again creeping up and remaining persistent ) forcing central banks to postpone rate cuts , employment and wage situation ( pointing at income distribution and availability of money) it looks like the rally will be short lived and btc may peak out anywhere between 90k-120k.
BLX trade ideas
Comparison of Bitcoin's Four Bull MarketsComparing the past ten years, there have been three bull market rises. The focus is on the relatively large V-shaped bottom trend. This effect can only be seen through the vertical screen. It is still in the stage of upward breakthrough from the bottom and is still in the early stage of the bull market. It is far away from the previous high and The new high is still far away. Every bull market will rise from the bottom in a V shape, and will eventually break through the previous high to create a new high.
Bitcoin BTC Bull Market Fifth CycleIn the fifth cycle of the Bitcoin BTC bull market, Bitcoin has entered the fifth cycle of the long-term upsurge in the bull market. The general direction of the general trend has been formed. Only by continuing to rise, no one can compete with this bull market trend. Only by following the trend can traders get the results they want.
Bitcoin BTC Bull Market Golden CrossBitcoin BTC bull market golden cross, 5-day moving average MA10 crosses MA100 golden cross, this golden cross also appeared golden cross signal in the past bull market, 2012 bull market golden cross, 2015 bull market golden cross, 2019 bull market golden cross, 2020 bull market golden cross Fork, 2023 bull market golden fork again, such an obvious signal is right in front of you, what you do is people who don’t believe it, life and death are bearish, if you don’t accept it, you will do it, only the blind will not see the bull market golden fork, blow up the short, get rich and long, in the middle Satoshi Ben said: If you don’t understand or don’t believe it, I’m sorry, I don’t have time to convince you. The starting point of the bull market surge is on the moving average in front of you. The bull market is coming, and the point of the sword is invincible.
400 Weekly Moving Average Could be tested!!!!As you can see every cycle for the past 10 years, Bitcoin has been testing the long range 100th moving average. For every cycle it drops to the next 100th moving average. If this trend or patterns continue, we are likely to see bitcoin test the 400 week moving average, whose price is around 14k, which could mark the bottom of bitcoin in 2023.
Btc is in excellent buy territory I suggest loading up on your favorite alts and holding for the next 800-1000 days. This way you can making thousands of percent in profit over the next 2-3 years. And quit your shitty cheese job at the sandwich factory. If you pick the right coins you can turn 1000$ into 100k$ if you pick the wrong coins you can at least turn every 1000$ into 10k. Just save as much as you can for the next 2-3 years. You'll be amazed at the profits.
Swing trade BTCWhy is this consolidation probably different than the previous ones we've had in the past 7 months?
1. For the first time, we broke out of a consolidation to the upside in a while, with little or no resistance above this consolidation (little to no value from CMP all the way to 30k).
2. Bounced off of untapped 17-20k demand cluster confluenced with previous ATH.
3. Sentiment ultra-bearish at a place where downside is limited.
Expecting a squeeze to be the upside, provided we stay above the June-July'22 range.
BTC Long term viewUsing logarithmic curves by @quantdelic and my awful drawing skills, I'd like to believe that BTC could be valued at more than 30 mil by 2035.
Ofcourse, this could be due to inflation (mass dollar printing, infinite QE, etc) or BTC taproot or more bitcoins being lost (currently standing at 33% of total supply lost)
It doesn't have to be one or the other, actually.
BTCUSD Stay Alert ,BTC bull trap ?Just a reminder of how $BTC traps people in correction of same degree by bouncing off golden pocket zones of fib extensions before dropping to 1:1 ( see how close it came to 1:1 in 2018 bear market bottom) . And this correction is of same degree of 2019-2020 drop and 1:1 of that is on marked price