Bitcoin-short
56K are the final golden target of OUR BTC expecting - this....Hello trading friends,
I hope you have a great day.
This can the way for BTC to our golden target 56K, which we still expect.
We will update soon new targets for other coins.
@ there was before some hype for coinbase IPO, and this now already done.
The BTC chart nobody wants to see right nowAs a turbo bull myself, im staring at this thinking, how many monthly candles of vertical pump can we expect before it tips over and corrects itself? Honestly.
If we look at volume we can see its clearly slowing down, meaning most people are already bought in and hodling and the influx of fresh buyers arent enough to sustain these prices.
Most rich people/companies that come in dont buy spot price on your average exchange, they are buying over the counter and are handed btc instead of going through order flow.
OBV is also showing lower high's (so far)
Lets also hope that the DXY doesnt show a pump trend from this wedge(which usually is inverse correlated to commodities)
For this pump to continue we need to see april candle breaking previous high and sustaining it, we need increasing volume coming in from buyers or I actually think this will start to go down abit.
Fib target puts us at 29-40k area, where January peak volume is also around that area so its more probable that it should hold.
So "worst" case scenario is 30-40k but still bullish bias.
BTCUSDT 4H | Bitcoin market overview: Double topHello, dear subscribers!
In the previous review, we considered growth as the main option of bitcoin price movement.
Since then, the bitcoin price has added about $4,000 at the peak, almost reaching its all-time high of $58,382.This formed one of the common reversal price patterns, a double top.
According to the MACD and RSI indicators, we see a decrease in the strength of the rising trend. This at least indicates a price correction.
OBV indicator showed its absolute maximum - 2.2M. The main support levels are 2.15M and 2.1M. Closure of the indicator below these levels will indicate the formation of a bearish trend.
The current support levels are $52,000 and $48,000. The current price is $56,000, which is much higher than the levels. These levels will be the current targets for the bears. Buyers should watch them closely.
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Gimminy Crickets!?Have any of you ever wished upon a star? LOL
Held this thing for a while now. I don't care... Feel free to "Edumacated" me LOL " Oh, well you just do get it!" Story, story, narrative, talk, talk, BLAH... Umm Ok yeah whatever I am still selling. What's next? Would you want to talk to me about Embercoin and oooh how about Dragonchain !? 3...2...1... Gainz LOL
What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!"
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
BTC/USDT (4H) ShortTerm correction of Higher Degree Hi Traders,
As you can see, we finished 5 step impulsive wave from around 4K to 58K. Right now correction is highly apreciated :D
Wave A looks like it´s going to be a ZIGZAG. A:3 = 1:1 but dont take it as dogma.
Strongest support is around 37-33K where (wave 4) Where could be great BUY zone. So breath deep, relax and enjoy the ride. My buy indicator will be based on Elliot wave count of Wave 3 (5 subwaves) + Konvergence of RSI on 6H or 8H RSI.
Trade safe