UPDATE " REJECTION FROM THE GOLDEN FIB AND TOWARDS 100K *Hello Traders,
Hope you guys are doing so well. I just wanted to give you an update about my Fib retracement prediction. We had rejection from golden fib level. But now we are continuing to shift towards the upper side between $50-55k. It feels so good to be bullish right now. But
The time has come for the bears to defend the last region after golden cross. And we also have our Jackson Hole conference coming up. So i remind you if the outcome of that conference is taper or anything related to inflation the bulls are gonna breakthrough that last barrier.
BUT
If the outcome is deflation then expect a crash to 200wSMA and then we see we either hold or crash below it. I expect the latter outcome but we might move from then $44-42k to $100k
Also ETH looks so solid than BTC so get there if you want more profits
Till then happy trading bulls and bears.
Yours sincerely
Dante
100kbtc
BTCUSD: Golden cross approachingI'm expecting some sideways trading in the range of 44k-49k in the coming week, possibly a brief push above 50k. Real uptrend to start when 50/200 MA ("golden cross") is reached. Late August will be paving the way for an extremely bullish September. Continuing my HODL strategy. Will buy more in case of an unexpected dip.
#BTC lets see if this worksFinally, we broke out of the triangle!!!
we caught the bottom perfectly in the channel!!!
also caught the #ETH move as well!!!
#BTC -
#ETH -
gonna hold both 50% sizes for the moon!!!!
alright so fresh update, I mentioned a new setup for #BTC yesterday & I said if we broke out of 36k it will be invalid now charted fresh on daily charts & triangle breakout looks extremely solid, one of the best part about this move IMHO is that it happened on WEEKDAY, not the weekend, however usually if we start week green we start to turn red by the end of it, let's see what we get this week, for now, this are 2 setups I am looking at ( I don't have short & long orders placed yet, this are just my interested levels I wish to enter in position) ( I will check LTF price action then will enter)
1st is the Short - s3.tradingview.com
2nd is the Long - s3.tradingview.com
now my entry is way too low for the long, & one more test of the support??? yeah that will be the 5th touch & that 30k support is now super weak so it's possible that well we just breakdown for my max pain scenario
whatever happens, the goal is to catch % move as we are trading on leverage, whether it's 30k or 60k all you should care about is catching 10% move :)
will update this idea as we start forming some new candles moving forward, we don't know IF the local top is in yet so will update fibs as well
have an awesome week ahead people!!
Keep #Hustling!!!!
Bitcoin 44k within 5 days and 50k within 12 daysLets make that bitcoin!
Weekly green dot suggests we have bottom - 90% chance. I am putting a fat long here and gearing up for the move.
Funding rate is also negative, which indicates that we should pump within days but it can extend up even 30 days, however I am long with 15% of my portfolio and if we go down to 24-26k I will renter, but no way I am missing chance of long to 100k, prepare for the wave 3 ;) . Gonna keep that Long until 100k this year or next year 1st quarter.
There is possibility going lower, but it is unlikely, of course don't go all in on a single trade.
BTC - Three possible 100k TargetsBuilding on this chart, my previous prediction set a target of 100k BTC sometime in September. However, if we fall into a temp bear market, the cycle is likely to be extended. I have set out two more possible targets for BTC to reach 100k using the GANN fan. So far, on multiple occasions the Gann has acted as long term support and resistance for BTC to adhere.
Safe trading.