Confusion
BTC AN OVERVIEW TO ELIMINATE CONFUSION BINANCE:BTCUSDT
well I have seen a lot of analysis. they are not satisfying me at all. it's just creating more and more confusion.
we might have bottomed out already. so this price is actually good for long term holders. it's golden chance for anyone who wants to hold bitcoin for long time. even if we go below 15k it won't last long. because so many whales / big players are really looking for those cheap price to get into the market.
if we get another crash like we did in covid we might see a huge spike to 13-14k. (now probably due to recession and high leverage players)
but if you're accumulating bitcoin for long term like 1.5 years or so you're in good position.
take a look at the following chart we are seeing similarities between 2019 bottom and 2022 bottom. also rsi looking very similar (btw i am using heikin ashi to eliminate the noise to get cleaner chart )
i am mega bullish on bitcoin. but keep in might we won't make new ATH anytime soon at least for 2 years.
BTC/USD bull trap continuation - whale liquidityThis is update 3 of my last two posts.
Bull traps are liquidity traps for whales, think of it like a shake out of weak hands on both spectrums of the trade. Be safe fellas if you don't have a plan and don't have the maturity this will feel like an emotional roller coaster.
Anything I say or write should not be taking into consideration for any means in life. I am dumb as a tack, don't listen to me.
BTC USDT What are the Shorts saying.BINANCE:BTCUSDT
This is the battle between the WALL STREET BETS vs the SHORT BIDS...
remember last time when Friday 9 of JULY was expecting as SHORT or dip and a way for us to reach the 31K again we did not make it.
It only lead for the short be huge loss. Bull wins.
It was too early or is it how it should be?
I am 50 - 50 on this one... let me know your sentiments.
the Flag says... BULLISH
but the BTC.D and BTC Short says SHORT to 30K... Are we? or should be short?
will streetbets make a 500% pump some of the coins in Binance? will they buy BTC?
Is this an uptrend or not?The combination of the two tools Fibonacci Expansion and Retracement could indicate some important price levels for understanding the mood of the exchange rate. The most important dilemma that arises from this approach is if the last downward movement is considered as a correction of the main trend.
Looking at the chart, it seems that Friday's close was marginally below the price level of FR 23.6. It may take some time for the downtrend to be finally confirmed and the exchange rate to return to an uptrend. An entry point higher than the FR 50.0 price level would be a safe choice.
Then, it seems that some confluence levels emerge which can also be considered as target prices. As shown in the chart these are 0,7315 and 0,7437.
Lets See if Pizza price goes up or not - Jublfood - Watch and DeLets See if Pizza price goes up or not, Price may retrace from current to 1970 or further down and then move up again. .. Look for opportunity at best levels and hold for 2 to 3 quarters for target of 3500. Need to see a technical indicator for retrenchment from 1970 invest only if you see strong bullish indicator. Days calendar has formed a long legged Doji indicating confusion on the price...
Result announcement is expected on 02 Sep 2020.
As always please do your own research before investing.
BITCOIN Golden cross & regular bearish divergenceHello fellas!
We have an interesting day on BTC-USD daily chart, bulls seems to be exhausted RSI and MFI levels are decreasing while the price is going up witch means that we have regular bearish divergence, also volume is decreasing while price is increasing another bear sign. We are in a bear flag formed from the beginning of April. At this price levels we have some resistance also on November 2018.
In contradiction with these bear signals today MA 50 and MA 200 had crossed formed a GOLDEN CROSS witch is a bullish signal, from my point of view we will go DOWN, I think it's just a bull trap let's see what will happen in the next few days, we could see a correction to 0.786 Fib. level witch is around 4200 zone so I will SHORT some BTC.
This is not an financial advice, take care of your money!
A "Dickline," confusion, and contradictory press,MoneylaunderingI hope this is a gaffe or joke: the headline in the queue reads "Bitcoin undervalued by 34k according to infamous Dickline." If not, that's the intelligence we are dealing with in the crypto press. I have gotten used to it.
Joking aside, in the circles appears to be a death cross followed by a golden cross?? I'm learning as I go so please feel free to help me out here.
Bitcoin lingers in a place of little demand, and little desire to sell seemingly, and when it does rise and fall it continues to drag the market along for the ride.
It also seems that the press is including the "kimchi premium" in their price reporting. It notes that Litecoin pierced 52.00 usd and was rejected. Not on Bitstamp it didn't , but I won't keep digging Bitstamp for their lag. Oddly, Coinbase pro with their middleman approach IS outperforming Bitstamp at nearly every turn, aside from a 47.57 usd Litecoin buy opportunity I missed while I went out to get groceries. Two fridays in a row now. My dumb luck, and planning. Of course, a precipitation in the price of Bitcoin coincided.
Analysts are making a confusing mess of things - on one hand we are told BTC will bottom out in 2q 2019 , on another that a surge to 4250 usd can be expected if the psychological barrier of 4k can be broken. Personally, I don't want to buy at 3950.00 , but maybe I have become gunshy. I did change my name to Cryptocautious after all.
Ethereum alone seems least affected by BTC slips and dips, with some traders claiming it will lead us out of the bear market.
I predicted in an earlier article that BTC will face a selloff on Sunday if 4k is NOT broken. I still believe that.
Other metrics have become very confusing, and to some degree less reliable than before. The market is not cycling the way it has for the past few months.
By the way , I am NOT A FINANCIAL ADVISER ; and remain absolutely confused by this baffling market, and frustrated that I missed the surge last Friday.
This is more of an editorial than anything else.
Advice is more than welcome. In the mean, I'm on the sidelines unless I see another dip like earlier today. Even the reckless crypto press is advising a tight stop loss, but also accumulation during the dips, which while it might be wise, isn't going to push prices higher.
Maybe Craig Wright will. He usually appears, as he did recently , either before a disaster or a boom. Let's hope it is a boom.
Something tells me though, that prices will be manipulated downward due to increased institutional interest , poor regulation, and a desire for a pleasant onramp for the whales of industry.
Good luck out there.
Fortis fortuna adiuvat - Fortune favors the brave - if some money launderer - or idiot, depending on context, spent more than 500,000 usd to send 14 usd in Ethereum, anything can happen. Maybe some deep pockets can push BTC out of the deep end of the pool and we will see a real recovery happen. That ETH transfer reportedly was one of the quickest in History ;) .