🅱️ Bitcoin Hits A New Low!
Updated
16-Feb. Bitcoin hit its highest price/level in more than 8 months...
Yesterday we had the highest buy volume since September 2022 as Bitcoin moved above EMA300.
Above MA200 = Long-term potential.
Above EMA300 = Long-term potential confirmed.
Bitcoin staying above EMA300, the long-term growth is confirmed, as it is now!
The MACD went bullish around the 10th of January.
It went through a small correction but remained on the bulls side.
Now, we have a famous MACD bullish cross which precedes additional growth.
Bitcoin trading at $24,500+ is ultra-bullish.
Any trading above $20,000, the 2017 peak/high, is extremely bullish.
So anything higher than $22,000 is ultra-bullish.
Having the highest buy volume yesterday in months is a strong bullish signal.
This signal becomes even stronger as Bitcoin used this volume to conquer EMA300, which worked as resistance from 25-Jan. to 15-Feb.
The bulls continue to dominate this chart.
We have strong support now at $23,755 (EMA300), $22,800 - $23,300 (EMA21 - EMA10) and $21,488 (EMA50).
Even stronger support can be found at MA200 and EMA100 but this is irrelevant as prices are moving up...
Where is the volume?
Just look at the chart.
It is coming in daily... Volume comes in when there is sell pressure and the bulls buy everything up.
If the volume is low as prices grow, it means that there are no sellers and this once more confirms that the bulls already won.
New buyers are not sellers.
Bitcoin is rising because of the new buyers...
It will continue to grow.
Enjoy!
Namaste.
Yesterday we had the highest buy volume since September 2022 as Bitcoin moved above EMA300.
Above MA200 = Long-term potential.
Above EMA300 = Long-term potential confirmed.
Bitcoin staying above EMA300, the long-term growth is confirmed, as it is now!
The MACD went bullish around the 10th of January.
It went through a small correction but remained on the bulls side.
Now, we have a famous MACD bullish cross which precedes additional growth.
Bitcoin trading at $24,500+ is ultra-bullish.
Any trading above $20,000, the 2017 peak/high, is extremely bullish.
So anything higher than $22,000 is ultra-bullish.
Having the highest buy volume yesterday in months is a strong bullish signal.
This signal becomes even stronger as Bitcoin used this volume to conquer EMA300, which worked as resistance from 25-Jan. to 15-Feb.
The bulls continue to dominate this chart.
We have strong support now at $23,755 (EMA300), $22,800 - $23,300 (EMA21 - EMA10) and $21,488 (EMA50).
Even stronger support can be found at MA200 and EMA100 but this is irrelevant as prices are moving up...
Where is the volume?
Just look at the chart.
It is coming in daily... Volume comes in when there is sell pressure and the bulls buy everything up.
If the volume is low as prices grow, it means that there are no sellers and this once more confirms that the bulls already won.
New buyers are not sellers.
Bitcoin is rising because of the new buyers...
It will continue to grow.
Enjoy!
Namaste.
Note
🍀 THE RIGHT MINDSET WILL LEAD TO SUCCESSMentality is very important when trading.
Your mentality will decide what type of actions you take.
Having the right mindset, can clear the difference between failure and success.
It is never about getting it right or wrong.
It is never about how many wins vs how many loss.
It is about your goals, what do you want from trading?
What would you like to achieve as your final result?
Some people want to win big and that's fine, that's great.
Some other people are happy with a monthly income while others want to earn fast even if it is just pocket change.
Defining your goals from the beginning, can help you decide which trades to leave and which ones to take.
With a well defined goal, you can decide to "exit", sell, after a 30% rise regardless of what happens next.
If you are financially good and want to do more, then you can forget the short-term and hold for long.
There will always be many trades that will miss but if you follow the stop-loss, if you follow the strategy, the plan, you end up with limited risk.
The upside on the other hand has no limit... Any pair or trade can grow more than what you expect and you can even make the mistake to miss your target and end up with more earnings as prices go up.
If you play the market cycle, your chances of success are improved 100 fold.
We just saw the cryptocurrency market bottom, we are set to grow for years to come.
I have ready for you a step by step strategy on how to trade, when to buy and when to sell... Even though it is basic and extremely simple, simple is always best.
Buy when prices are down and low.
Be content, be grateful with any type of positive results and thus sell on green on the way up.
You can't never lose by winning, if you sell higher than your buy price that's a win and you can always comeback for more.
But if you trade leverage without experience you can end up losing your entire capital and can play no more.
Start with spot trading, be patient...
If you want to earn money fast, first you have to earn money slow.
If you can't make money in 1,000 days, you won't be able to earn in 10 days.
If you can't double $10 dollars for lack of patience, you won't be able to double $1,000 dollars, that's the true of this game.
Start small and grow.
Be patient and hold.
Invest in yourself and your tools...
Read, meditate, exercise, eat clean organic food.
NO trash, fast foods nor GMOs.
You need a sharp mind to be successful and toxins can clog your mind and lead to dismal results.
The more you grow as a person, as a human being; The more you grow your energy, your stamina, your knowledge; The more you grow in wisdom, in compassion, in understanding, in love;
The more money you can make and hold.
Money is an energy equivalent, you need high amounts of energy if your goal is to become rich trading crypto or at least become wealthy.
Start by reading 3 books on the topic of your choice.
Follow it by reading 5 additional books about money, spirituality and personal growth.
Set a goal to read 10 books just to start...
And see how everything starts to move in favor of your goals.
It is not only about buying the right coin at the right time, it is about materializing your preferred or destined life.
Namaste.
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