BTCUSD: Post in 4 Words: Go long dont short.Hello my friends!
This Post has four words: Go long dont short. (and ... MA 50 X MA 200 a dead cross is not always a dead cross). 😀
When I read @thecryer's post this morning, this 4-word post came to my mind. I think he writes very true words that we should all keep in mind. Well done. I quote him: ...
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@thecryer: "...
- So what i want to explain clearly is :
- Whales are just waiting for a big dip to buy your Bitcoins , they always cumulate BTC , they move them out from exchanges and keep in their wallets. no matter if BTC falls to 1000$, they will buy more.
- TheKing is still Alive because Whales never dropped their BTC , they dropped a bit for living, but this new nerd generation understood about the meaning of freedom in the "Satoshi Whitepaper".
- Most of the Whales are not driving a Lambo but drive a small car, they fly coach, they visit the planet, and they go supermarket like you and me.
- Retailers try to win money in the Both Ways because they are just greedy, Long and Short BTC , the problem is when you Short BTC you don't have your coins... you have your "Short Contract" (x2 at least).
- When you are shorting a disinflation technology, it means you are fighting with something made for a best future, less poverty, more equitability, better world for your family.
- When you are shorting BTC you are taking the risk that the exchange you are using close or get a hack, you cannot move a contract in an hardcore Wallet, but if you buy BTC , you can move coins in your Ledger.
- When you are shorting BTC , you own nothing. Not your coins. Not your Key. just the wind.
- i hope this makes some people's open eyes about a greedy financial system.
- Believe in TheKing!
www.tradingview.com
..."
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Let's see what happens.
Happy trading. 😀
BTCINVESTING
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PS:
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Post from Dec 4, 2021: "BTCUSD: And another bad news for bears: buy the dip!"
My Post from Jun6, 2021: "BTCUSD: Another bad news for bears!"
My Post Apr 15, 2019 (3 years ago!). I was one of the first btw. ;-)
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Bitcoindollar
Bitcoin- We can have a lower high in placeFor 2 weeks now, Bitcoin is correcting the drop and trading more or less in a range.
Yesterday's drop can mark a higher low and this correction to the upside can accelerate.
An important level to watch is 38500-39k zone and a break above would clarify things and open the door for more gains towards 44k
Bitcoin(BTC) LONG TO $40KBTC going on an A-B-C correction which is very common after a good 5 wave impulse
Blue 5 wave Elliot wave from 2017 to 2021
ABC corrective wave in RED
Wave C is an irregular correction(Wave B ended above start of wave A) and is of 5 wave series in PURPLE
Wave C has two more waves to go sub wave (4) and sub wave (5)
I believe there will be a more complex sub wave 4 in bigger Wave(C) which might go up temporarily to 40K before the final sub wave 5 ends around 26K
The retracement of the subwave 3 of Wave (C) and the fib extension of subwave 2 have a great resistance 40K, so I believe in short term BTC might go to 40K with wave 5 before it goes on final subwave 5 and then reverses
Happy trading and please leave feedback
Bitcoin still on trackThe uptrend is still intact and Bitcoin seems to have come down for a liquidity grab sweeping the lows of 41k on the 4th of December.
The accumulation pattern we are seeing is to the day the same pattern as in May and if Bitcoin keeps following this pattern to the day then
we might consolidate for about 3 more weeks to around the 5th of February before resuming the rally.
Continuing forward we have build up liquidity above the horizontal resistances which I would expect to
be taken out before the next major move down where we should reevaluate price action.
Other then that, a lot of Bitcoin cycle top indicators indicate we haven't seen the top yet
which I like to believe we still need to see it.
As for now, nothing changes until something changes :)
CountOnCrypto - Bitcoin Forecast - 14/01/2022Hello TradingView 2022, I'd just like to share my long idea with you.
Bitcoin retested the daily naked point of control, this poses as an opportunity to open a long position, to correctly manage your risk you should use a stop loss below the invalidation point which is below 40k. This level is a major S/R level which we've managed to stay above following the SFP on the 10th of January.
Secondly, assuming we are in a range between the previous local high and the previous low then we can assume price action will naturally gravitate towards the point of control. This is found at around 47k and is my price target.
We can expect to find some resistance at the marked levels on the chart including the golden ratio of a Fibonacci retracement I drew from the previous range.
Bitcoin - Watching for evidence of a bottom.Bottom Line : Watching for evidence of a bottom.
Outlook : We're weighing the possibility wave 2 may have ended at the $ 39650 low. Advancing above 47532.89 would bolster the bullish case.
Analysis : We're considering the possibility the recent wave ((2)) correction (below) ended at yesterday's $ 41126 low, but as always we like key level confirmation. That would depend on Bitcoin's ability to continue the current advance towards a break of the $ 44453.22 high.
Disclaimer : Prices can vary between BITCOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. The analysis information is for reference only and does not constitute an investment recommendation. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
Short TheKing ?
- ADX was always a strong indicator about Trends movements and strength, so read carefully the graph, this is a 2 Week view, in comments i will post 1 Month view.
- Just Check ADX Overbought Zone and you will understand, for now, i can tell you that 82% of retailers are shorting TheKing and believe it will crash.
- That said i can tell you that 86% of institutional investors and assets managers are Long on BTC.
- So what i want to explain clearly is :
- Whales are just waiting for a big dip to buy your Bitcoins, they always cumulate BTC, they move them out from exchanges and keep in their wallets. no matter if BTC falls to 1000$, they will buy more.
- TheKing is still Alive because Whales never dropped their BTC, they dropped a bit for living, but this new nerd generation understood about the meaning of freedom in the "Satoshi Whitepaper".
- Most of the Whales are not driving a Lambo but drive a small car, they fly coach, they visit the planet, and they go supermarket like you and me.
- Retailers try to win money in the Both Ways because they are just greedy, Long and Short BTC, the problem is when you Short BTC you don't have your coins... you have your "Short Contract" (x2 at least).
- When you are shorting a disinflation technology, it means you are fighting with something made for a best future, less poverty, more equitability, better world for your family.
- When you are shorting BTC you are taking the risk that the exchange you are using close or get a hack, you cannot move a contract in an hardcore Wallet, but if you buy BTC, you can move coins in your Ledger.
- When you are shorting BTC, you own nothing. Not your coins. Not your Key. just the wind.
- i hope this makes some people's open eyes about a greedy financial system.
- Believe in TheKing!
Happy Tr4ding !
BTCUSD Double Top and Bottom Along ChannelAn update for my thoughts on BTC, I am still bullish
Now is a perfect time to pick up more BTC while prices are lower and not testing ATHs everyday
The double top is not along the channel but still can be observed, the double bottom occurs along the channel that can be drawn on the price structure.
The 200MA will likely just revert to continuation upwards in a state like this
BTCUSD: And another bad news for bears: buy the dip!Hello my friends!
This post is for all the fearful who have not yet been in the market in 2017. Corrections of this kind in the bull cycle are quite normal from my point of view. I still see us on track.
I have analyzed the situation with the Trend-Based Fib Extension and also with the "normal" Fibs. In all cycles we could come to a similar result: the first top was at 1,618 and the main top was at 2.36. If we compare "normal" Fib with Trend-Based Fib Extension, we would reach the top at 3,618. Exactly at the same point.
One more remark, even if we only reach the 1 at Trend-Based Fib Extension, that would be at 90K and the 1,414 would be at my minimum top of around 115K.
As a Hodler who buys Bitcoins and does not sell them, I am still quite relaxed about this move. The main resistance at 39.5K has held. Thus, this could be a roughly -40% move like 2017. Next week it can go straight up again. Lets see. Lets cross our fingers! ;-)
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Let's see what happens.
Happy trading. :-)
BTCINVESTING
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My Post from Jun7: "BTCUSD: Another bad news for bears!"
My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)
BTC Bitcoin Buy Opportunity AreaI consider Bitcoin to be in a short time Window of Opportunity area!
It entered the oversold territory from which it bounced strong in other occasions.
From a technical analysis perspective, in this Gap from 43K to 41K support it seems like a great opportunity to buy the dip in Bitcoin.
Looking forward to read your opinion about it!