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Btcstarburst

#btcstarburts TREND BREAKING?Is it possible? Are we climbing back up the mountain, crossing back over the red river of death. Maybe one day someone else will call the this stupid channel that we seem to fall though another name, but for now its fitting. Hopefully it does not suck the life out of the alts as it climbs up, if we do start the climbing (we have seen that in the past when Bitcoin drained the alts as it ascended to new level’s). THAT WOULD SUCK!! This is a Gann study… So the lines are the lines, not so predetermined and mapped out and charted on the grid for a DECENTRALIZED BEAST WROTE BY A HUMAN made to be free. Yet Bitcoin still mange find support and resistance along the way regardless of leverage, bots and all the other crap. IGNORE THE FUD DCA SAFELY INTO GREAT PROJECTS. WEALTH IS MADE IN THE BEAR MARKET. PEOPLE BUY MORE WHEN THE MARKET IS DOWN…AND WHEN IT GOES LOWER THEY BUY MORE…. DCA SAFELY
FTX:BTCUSD
by Jonnycatx
#btcstarburst When DCA? Always!!Looking at the Gann Map it’s crazy how far it’s come… Bitcoin has completely crossed the Red River of Death…and stoped… hmmm What the heck does this tell you… FUD lol. Gann lines must know something that Bitcoin knows. There still exist a larger river. The blood line in thick yellow is our main target… broken purple lines are parallel channels…The beast will not be tamed by exchanges, bots or leverage. DCA safely this is a Gann study… how far down could we go… hopefully to a lot, but if the map shows the support/ resistance the way it has 32k if we are lucky as mentioned moons ago. Accumulate as much as you can when down. If it goes lower get more and so on. The top of the mountain will come and you could have a cajillion dollars ( yes a cajillion) if you play your card’s right. Remember you get rich in the BEAR MARKET…
FTX:BTCUSD
by Jonnycatx
#btcstarburst To Early To Call The Bounce?So on the 15th on March we were in the exact same spot… The market has definitely made a move. Going back to see dramatic movement on days in multiples of 5 we definitely could see a major shift here… Could this be an opportunity for a long, hmmmm… DCA safely ( there are many patterns setting up for opportunities that are great projects like Chainlink, Polkadot, Eth, ADA and possibly ICP not sure about this one but this actually could play out to be successful for many people). Since Bitcoin pulls the market…. This is a GANN study The map of resistance and support has been playing out pretty significantly.
FTX:BTCUSD
by Jonnycatx
1
#btcstarburst Resurrection…Technically still moving up… from the downtrend. We hit lows 33k ish 34,700 ish, 39k ish highs 46k ish and 48k ish… what the heck does this mean? It’s bitcoin, Hang on!! Trending up slower, probably due to the shift in the market. The wave of people that have come in this time have decrease the volatility so it could be possible we may not see the 80% decline ever again. More of a flatline shift until the permanent change in the market is completed. DCA safely while you can this a Gann study
FTX:BTCUSD
by Jonnycatx
1
#btcstarburst TRAP OR TREAT?Who knows? This is the center of a major GANN channel… I have referred to this yellow line as the Blood line… (its yellow so its clear to see) the channel we have been falling through (THE RED RIVER OF DEATH) magically stopped on the line!! If it continues onward and breaks above 41k, 43k and 46k then holds support back in business…. The support channels are there. I could be broken down in smaller time frames but people seem to complain about the complex issues of reading the charts (laser eyes needed). Some would call this a dead cat bounce, others are going to say there is “GREAT NEWS IN THE AIR TODAY” and this is why BITCOIN is moving… Both are FUD. The beast does what it wants too. Leverage manipulates its path drastically, and as stated there can be massive falls on days in multiples of 5 (this doesn’t always happen but it is close and common, and when it doesn’t we do see a run). If you look at the BLUE line from our previous grid… Important to break. DCA SAFELY THIS A STUDY into Gann
FTX:BTCUSD
by Jonnycatx
3
#btcstarburst When DCA?UM… ALWAYS We are looking like we are still falling… Jumping back and forth on different charts there are some numbers that keep popping up. The 38k region as brought up and the possible the 35k ish… The 38k looks like the strongest supported. This is all research for future. Alt coins that have a strong backing look as if the may be in a great position, just a thought. There are some great options of new projects out there as well… I have seen something in a real estate zone that has its own eco system …. BITCOIN is the GOD of small things.. Could it come down to 20k I would hope so. Lots of people would hope so. DCA safely… Accumulate as much as you can as cheap as you can. Let the the whales and the market play its games. Buy again when its down, Buy more when its lower if you can. If there is ever a time when we reach the top of the mountain SELL…
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by Jonnycatx
#btcstarburst Bounce Time or Pause?So following up on the map after watching bitcoin fall through empty space… Finally it landed on something. Scary thing volume not looking great, but there has been many attempts to recover along the fall. So this will account for something. So the funny part in the story… Bitcoin was pretty much right on time with its dramatic cliff jump on the 5th followed up with FUD on social media to give reasons why bitcoin is crashing (as if anyone can validate what the beast does). One thing is true when leverage is being played, exchanges are going to find a way to get payed. Algorithms are smart. DCA safely. Hopefully they got what they needed.
FTX:BTCUSD
by Jonnycatx
#btcstarburst Recovery? To the BULL!!So today is the 5th… As I mentioned many times we can see a fall in the market on the days in multiple of FIVE. Some are drastic and can seem catastrophic, others not so bad. This didn’t help with the triple top coincidentally (but if you look at the dates). Usually you will find some social media person with tons of followers giving you wise words/news (FUD to go along with why). I believe its collection time. Someone has to pay the piper for using leverage. If everyone just DCA into Bitcoin it would be PRICELESS but that would be no fun. So we have another major line to break 46,136 descending… something like that…. Good Luck
FTX:BTCUSD
by Jonnycatx