Highaltitudeinvesting
Bitcoin Market Cycle Bullish Uptrend In-tactHey Everyone! its Dalin.
Just dropping in with a quick update on BTC.
I see Bitcoin as doing a very classical big picture upward cycle.
This is far from the first time I have see a nice uptrend establish itself in this same fashion. (on various time frames)
Implying that this could send BTC to over $100,000 per coin (as I have always said)
Thank you!
- Dalin Anderson (aka Highaltitudeinvesting)
Big picture analysis on BITCOIN! (Over 100k)What is up my Tradingview family! as you know I have been posting bearish charts on Bitcoin in the short term but today I would like to share with you what is happening in the BIG PICTURE.
When I saw a short term correction coming I took profits and reduced risk HOWEVER I never EVER sell 100% of my position on Bitcoin because this is simply stupid considering the big picture trend.. Its better to sell 20% - 30%.
BTC
ETH
I am now in a very good place with a good chunk in the markets and USDT that I have been steadily deploying (AVG DOWN) back into the dip. This is compounding my portfolio!
In the short term a correction could be over OR it could still see one more sharp leg down. (this is why your AVG back into the market) when you sell into FOMO its very nice because the worst case scenario you buy back near or below the price you sold - the best case scenario you buy everything at MASSIVE DISCOUNTS.
In the big picture I expect Bitcoin to reach $90,000 - $100,000 then proceed to FOMO to $230,000 and potentially $250,000 per coin.
This cycle is a repeat of the 2013 2014 cycle (in fractal nature) but can easily FOMO even higher than that one did.
Stay profitable!
LONG Bitcoin | What You're Missing in The Chart?!1. Big picture market cycle
retraced over 80%
2. Falling wedge pattern & WXYXZ
Elliott wave correction
3. Bullish divergence
4. Volume is back
Bitcoin in the big picture is looking very nice! I would love to see some breakouts though to confirm the potential for upside.
We need to break above horizontal resistance and down trending resistance (of the wedge ) before we confirm a move higher from here.
If support fails I will be watching the $2,300 to $3,000 levels.
Big picture cycles are the ones to focus on! this is where you can have life changing wealth buying dips and selling in new all time highs!
If you are patient instead of being a gambler every 5 minutes the market will reward you accordingly
When others are fearful be greedy and when others are greedy be fearful!
Stay profitable out there folks.
WXYXZ BEFORE THE DROP
$100,000 The prophecy is true (highaltitudeinvesting)"Hey folks! this is Highaltitudeinvesting here .
Doing some long-term technical analysis on Bitcoin
in this graph I am using LOG chart on "BraveNewCoin
Liquid index" (this gives me the most DATA for price)
Using channels and Elliott waves you can get pretty
good Idea of what is happening in the big picture for
Bitcoin & Cryptos.
$100,000 is first major target (could have extended 5th
wave higher then 100k but we will have to see how
things look when we get there. "
Here's my previous long-term chart
Here's my previous short-term chart
Here's my prediction of the correction from 20k down
You must understand that anything is possible but when you zoom out and get the BIG BIG picture accumulate panic and average out of greed trading becomes very easy and not stressful (short term traders generally have a lower % win rate & have much more stress working with worse probabilities & fighting with bots.)
I see a lot of confusion on trading-view right now... many people on here are very new to trading and don't know what they are posting so I would like to give a little warning out to people to stick to the best traders and try not to overwhelm yourself with to much TA. I personally only watch 2 other technical analyst & try to avoid checking their charts until after I have already evaluated my charts. This is because I don't want them to influence my perspective except from a educational perspective.
This is the update you all wanted in my longterm chart :)
Peace out & stay profitable
Yours truly - DalinHood
DISCLAIMER THIS IS NOT INVESTMENT ADVICE HIGHALTITUDEINVESTING LLC DOES NOT TAKE ANY RESPONSIBILITY FOR LOSSES THAT MAY OCCUR IN TRADING
From start to finish TA on (OMG) Video on YT**Making the third pump before we see major retracements
**Strong bullish movement buyers are in control
**Lots of hype around this coin
**Ascending support + about to breakout of descending resistance
**Healthy VOL
More great videos to come! This is part of my youtube channel's series "From start to finish TA"
please checkout the video on youtube searching "from start to finish ta on OMG highaltitudeinvesting"
Video should be uploaded in a few hours so you can watch my thoughts as I made this chart.