BTCEUR
Bitcoin at crucial state of confusion to hit 10k or 4k Hi all,
I am back with another chart. Bitcoin is at a very crucial state right now in order to catch the extremely bullish train failing so can result in the dip towards 4ks.
As in the main chart you can see daily turned bullish which can simply result in 9k so easily within this month when caught the momentum however little worry is with the weekly chart :
You can see in the above chart that we just broke the resistance so another weekly green could yield the best bullish move but failing here can yield in some weekly resistance which could be bad for bulls.
Should you trade this week ?
My answer is NO , you can just wait all this week and catch the best move next week.
There are total 3 scenarios from now :
1) Extremely Bullish action from here : Bitcoin can jump to 8k without retrace and catch next next bullish weeks
2) Bullish with a retrace : bitcoin could retrace here till 6900-6500 again this week to catch bullish candle next week
3) Bearish : retrace this week from here to catch another bearish candle
Although I expect second scenario and I favor first 2 scenarios but any of 3 can happen so my suggestion is wait with patience until next Wednesday to catch the best train rather than FOMO or PANIC trade this week
NOTE: if you find me useful follow me and hit like on my chart
Best,
Budha
Happy Easter BTCUSD /// Happy Easter! Before I go enjoy this day, I'm gonna give me analysis for the day. So as you can see we are still inside the pennant we formed. And if you look closely, it seems as though that line through the midst of it is more support than the bottom trend. So as I set my limits and take profits for the day, i will be looking to get out at the horizontal trend to be safe.
Stop, Drop, And Roll BTCUSD - Since falling out of the wedge, we've come down to our first support displayed in the shaded area. the line in the middle being the midst of the support where even more support can be found. I'm looking to scalp this out on some quick longs while we are still above this line. Yet, I am still waiting for more downside. This is just the start. But who says you can't long her short term while ya wait on more bearish price action :)))
Bitoin on HIGH ALERT -- TARGET IS $20K Bitoin on HIGH ALERT -- TARGET IS $20K
In this video I talk about how Bitcoin can get to $20k and shouw you what needs to happen .
I also talk about how lots of other groups in the crypto space may be overlooking this due to lack of experience and market foresigt . I am not knocking them this is just the reality .
I am also not perfect after 13 years so there is no way they will be perfect after a few years .
Anyway enjoy the video and please let me know your thoughts in the comments
MartyBoots