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ELON

$300K BITCOIN INCOMING? ***DISCLAIMER*** IM NOT 100% SAYING THAT BITCOIN WILL HIT $300K ANYTIME SOON... THIS IS JUST FOR FUN. The BTCUSD LOG chart shows the channel we're in and where we're currently sat. Yes, the picture looks bleak right now. Yes, the big players have bent the majority of us retail traders/investors sideways. And yes, I need some Adderall and sleep. But, we **couldddddd** have an even bigger move yet to come. This chart locks the price target at $280K for OCT/NOV 2021. Realistically, don't listen to me. I'm giving you all some hopium. But no, honestly, the road ahead is going to be impossibly hard to fight on. We have to accept that a longer bear market is inbound. Likely near-term (relative) price targets to the downside are still $25K with the lowest likely price at $12K for the bear market bottom. If we are to fight along slowly out of this to the upside then $42K, $45K, $48K and $50K are all targets to overcome. Praying Michael Saylor comes out like the second coming of Jesus (PBUH) to take me out from under :(
BITSTAMP:BTCUSDLong
by OfficialRoinn
Bitcoin trend two possible waysAs we can see in the 1D Bitcoin Graph, has been showing some consolidation, trying to test resistance two times and yesterday support was tested. I see clear consolidation here, and I still see that the Head & Shoulders is printing on the 1D graph. I spect that #BTCUSD will still testing resistance and maybe support these days, and then breakout to print the H&S. A price close candle below the support $29688 will cancel this idea/trade and the next price to expect will be $19247 if that happens we will see a panic sell that could send #BTCUSD price to 13k-15k levels. Definitely im LONG here, since im a HODLER, if you are planning to trade daily or very short term, you shouldn't take this as a financial advice. I do really expect to see #BTCUSD price going to 100k+ this year. Later Mayo. BINANCE:BTCUSD
BITSTAMP:BTCUSDLong
by SrMayoZ
Elon Musk vs BitcoinElon Musk is the new Donald Trump of the Markets. As Elon Musk tweets go, so does the markets especially the cryptocurrency market, namely Dogecoin, Bitcoin & CumRocket among the main ones. (Trump had similar effects from his tweet as president of the United States on the stock market.) The billionaire and Tesla CEO has been have been specifically tweeting about crypto a lot recently affecting prices by up sometimes fewer than 80 characters and memes of dogs. I am not sure what his game plan is most recently but Elon Musk have been driving the price of Bitcoin down relentlessly and with coordinated and precision attacks at some of the weakest low liquidity trading times. Musk’s tweets may not be for his own financial gains, but they are highly affecting crypto investors and he is attracting a lot of hate from the community currently for his actions. My main questions are why is he doing it? Can anyone stop him? What will be the long-term effects of his actions? Could he be driving down the price so that us retail investors can hop on for a highly discounted ride to the moon?
FTX:BTCUSD
by krobby
1
Does Elon Musk Have Superpowers?For the question in the graph, if you choose any answer that doesn't include Elon, congratulations! your IQ is more than 0. Many of the Crypto traders idolize Elon Musk to the point of laughing at his jokes on SNL. They like to think of him as Tony Stark of sorts and some kind of a modern redeemer who is sent into the "simulation" in order to take humanity to Mars. Lately, even many "professional" analysts have jumpen on that wagon, attributing to him the super power of single-handedly bringing the Crypto market to new lows, making it lose 20% of its value just because the "real" Iron Man's climate conscience has just woke up to the fact the Bitcoin's mining is a big consumer of power. Now, even many of his worshipers after finding that their wallet were getting slimmer by the second, have made him into a Marvel villain. Reality is more boring, unfortunately. In order to prove this, I offer you a simple check: momentum. Here are the steps: Draw a curve across all the high points in the trend and and another across the low points. If they are both curving downwards, then the momentum is definitely downwards. This would also give you a rather simplistic projection (channel) of where the price should move, as long as the trend would continue, of course. Check the volume. Tipping points are usually surrounded by a surge in volumes. RSI is an important measure of momentum. When less than 30 or more than 70. the momentum is at its highest and a turnover may come at any time (one must be careful about this duality). In between those numbers, a turn over is likely more if we are inside a range. Based on these simple checks, the said tweets had 0 effect, since the decline is perfectly fitting to the continuum of the trend. In addition, recent stock market correlation also had a major effect, given that the stock market is currently going down. These are simple checks; there are other ones involving more precise mathematics and better visuals, and Elon Musk is not any equation. BTC is no DOGE in term of volumes, and if Mr. Musk was so godly, he should have saved TSLA's prices from tanking instead.
COINBASE:BTCUSD
by MontyMacht
3
Bitcoin Bouncing from Tesla Buy AreaOn this simple chart I have outlayed the 1 Month timeframe Support & Resistance levels, aswell as important Buy Events & News Events in Red & Green. Notice how we are currently resting on the average buy price of Teslas Bitcoin investment back in the start of the year. www.theguardian.com If we dont fall underneath this area I would say its a pretty good sign for Bitcoin to continue moving upwards. See my linked idea below, where I compare similarities to the Coronavirus dump. Invalidation in the short term is if price falls underneath $28000, goodluck.
Long
by Worth_The_Ri5k
5
ETHUSDT What's next? Please see the call and put options!Hi All So there seems to be a LOT of bullish sentiment about a market recovery RN So lets look at the charts... Focusing on the DAILY chart here. *Ok main thing here is, we broke the daily EMA for the first time since March 2020 market crash, we are still technically in a bullish upside channel, but the thing is the MACD is still below the EMA ribbon and the RSI should ideally hit below 30, as with all crashes have gone below this level. *Looking at the resistance an support level we have clear support and resistances at *1550* AND *2450* we came down to 1760 and didnt break below this. * We have a VERTICAL TRIANGLE FORMED we use this to dictate our trades next... .. if we close above the current green candlestick we are one, and close higher, we could potentially see it up to 2450 straight BUT most likely we will see it close down, heading down to 1630 as shown. ... From 1630 it will test this level, if it close above we know we can long call option to 2450. This is my most likely scenario. You can set longs and puts as ive indicated on the chart background. Thanks Marlene
BYBIT:ETHUSD.P
by marlenri