BTC USD Update99K price tag as of now, absolute money machine, top asset in my book, just great to open screens and see how this thing has moved again and again. Absolute best year in history of trading. So what happens if we take 100K? Well, we have 49050.01 low to play with. If price gets some sort of bullback, we're cool with it. I'm not closing my spot trades, allowing the chart to breathe. With scalps and swings, I'm definitely paying myself. Well, I'm keeping stops under 4H structure points as of now. But oh boy, what a great feeling to see this thing taking off like a rocket.
Endofyear
THE KOG REPORTKOG REPORT:
In last week’s KOG Report we mentioned there will be a lot of ranging in the markets towards the end and beginning of 23/24 so to expect sudden bursts of volume. We saw just this last week in the markets across most of the pairs we’re trading. We suggested swing trading the market this time of year wouldn’t be part of our plan, and instead, if they held the levels we would stick with the bias and trade it level to level upside until we had completed our targets. We gave the higher target as 2068 with the bias as bullish above 2010, as you can see price moved well into the target region where as expected in Camelot, we got a reaction in price giving us an opportunity to short the market to end the week.
Another great week in Camelot, not only on Gold but also on the numerous other pairs we trade, analyse and post targets on.
So, what can we expect in the ahead?
We have intraday support now turned resistance sitting above 2060-65 which price may want to target on market open, and if held, an opportunity to short down into the order region could be on the cards. This order region is where we want to monitor price action and look for any Excalibur activations as well as red box confirmation. If supported, we feel an opportunity to long the market back up into the levels of 2070 and above that 2085 (for now) are available for those looking to long the lows. Please note, what we have to be careful of here is the extension of the move which can stretch produce a hunt on those going long down into the 2020-17 region, so let’s expect that for the week ahead.
On the flip, because of the extension of the move and if we get a break and hold below 2030 and then 2020, we’ll be looking to target the 2000-1995 region to close the year and trade it level to level on the downside.
Levels to watch:
Support – 2035 / 2030 / 2022 / 2020 / 2018 Key level
Resistance 2055 / 2060 / 2062 / 2065 key level
KOG’s Bias for the week:
Bullish above 2020 with targets above 2070
Bearish on break of 2020 with targets below 2010
Wishing you all a great Christmas and week ahead, once the markets open.
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As always, trade safe.
KOG
Bitcoin how a bull run EOY could lookBINANCE:BTCUSDT
Hello everyone today I took a look at the Bitcoin chart on the daily timeframe and we seem to be rebounding back to the upside. we did saw some rejection off of our previous resistance if we break this level we could go back to our all time high of may and retest our new all time high after that.
There is a lot of fear right now in the market due to the new Covid-19 variant. This caused a bit of a sell off recently. But so far we haven't seen a massive impact like back in May or March 2020. To me this just looks like a normal correction and nothing to worry about. This is in my opinion a very good zone to add some more bitcoin to your holdings and I don't think the crazy predictions to go back to 30k are anything close to what will happen. I think seeing everything going on in the world right now Bitcoin is going to come back and make a new All time high this year. My target is around 80K EOY
This end of the year bitcoin will show why is the #1We have the famous double bottom that everyone is talking about.
I mark a horizontal resistance that in my opinion is where it will stop shift to the upside. However, if we cross the line with high volume there is a chance that we see a continuation.
If the latter happens I believe that it will end up somewhere inside the rectangular area. There is a lot of volume on that region an it could ether be what it stops the trend or where it consolidate and move horizontally.