Bitcoin - Cautiously approaching weekly resistanceLocal top could be somewhere near for sure because BTCUSD in price discovery mode. Thus, I won't short it for now.
Short-term support is somewhere near $10800 atm, but I don't really rely on it in case of a dump. And ofc it would be better to get $10400 at least, less risky.
Mostly bullish, spot long, not going to open leverage positions yet.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
Btcbullish
BITCOIN ANALYSIS with target 9750 USDHello Traders! Bitcoin is currently at $ 9,200. As we have been waiting for, we have been moving to the side for several days. We have blue lines on the chart that form a channel between $ 9,000 and $ 10,000. We should not exceed these values in the foreseeable future. We expect the price of BTC to rise with the next target of USD 9,750. This target is confirmed by both the Fibo and S / R zones.
Check my profile for more informations.
BTCUSD: Bullish long, some shorts inboundMove slightly lower as we enter in to a 3rd phase of consolidation on the support. Targets in the 8700 support zone before another run at the 9200 resistance.
BTC minimacroview!! Are bulls in Control?!Two possible setups:
It looks simple, doesn't it?
Tomorrow is Weekly Closure. if we see another rejection the short setup is valid in case a doji is printed which means we might need to wait 1 more week, otherwise be a bull with big balls!
Not a trading advice just our thoughts!
Cheers
MM67 TRADER TEAM
BTC About To Make New Highs?Cryptohopper Newsletter
Market Analysis
Bitcoin is, for the third time attempting to break the resistance between $10,000-$10,500.
Breaking this resistance will mean making a new high for BTC this year.
Based off of the previous bull run, we could expect the next resistance to be at $12,000.
Should this resistance hold, we could see the price dropping to $8,500 and then even further to $7,500.
We have slightly adjusted our uptrending channel from our last analysis. If the price respects this channel, BTC should break above $10,500 no later than the 22nd of June . BTC could, however, break this resistance even faster.
Read This Before Calling Me a Perma-Bear! Not Convinced; I think the stock to flow model is great, but let's look at real data before we continue to put our faith in it. For example - Gold has a similar concept, in regards to bitcoin and other cryptocurrencies. Yet, when we adjust price with inflation, there is still extremely long periods like 1981-2006 where price didn't budge. And, if we look back even further at the time of the gold rush, gold did 1,000x its initial price in less than 20 years. What we are seeing now in bitcoin is the hype train coming to an end. Now, that doesnt mean that I don't think that bitcoin will be worthless, but I think it's safe to say that what we have seen since it started was the "Digital Gold Rush". If we expect bitcoin to every 4 years 100x-500x itself, we would be setting our expectations way too high, because we are assuming that the first 10 years are what will be the same cycle until earth itself is no more. Bitcoin can succeed! But!!!! We need to look at the idea of stock to flow, and understand that price still will not be identical to how it is every cycle, for reasons such as recessions/depressions - mass unemployment - wars - mass debt, and many more reasons.
$BTC getting confusing #LetsLearntogether Hi everyone!
This is not a financial advise to buy or sell bitcoin its is my personal trade and i am sharing this for my record and for educational purposes
i am not a professional trader, i am also learning
in this chart btcusd is forming rising wedge pattern according to this pattern we are bearish
MA 50 and 200 had crossover which is bullish
so i am expecting the price to touch 61-65 fib level which is also resistance of 200 daily moving average
so its confusing i am not in any trade until rising wedge breaks down or we touch 61 fib level so here is my opinion
thanks i would love your comments and opinions so that we can learn together.
also follow me on twitter
#letsLearnTogether
42% SHORT ON BTC, NOT EXPECTING A SCAM LIKE THIS SHITCOINTHE BIGGEST SCAM COIN EVERY MADE, THE BIGGEST PARADISE FOR SCAMMARS.
OK NOW LET'S GO BACK TO HIGH IQ VERSION OF MY SMALL BRAIN.
THIS IS THE BOTTOM, TAPPED THE WEEKLY 200MA AND BAGS FILLED, I CAN ASSURE YOU THIS IS GOING TO RIP UPWARDS AND KILL SOME BERAS.