#MSTR showing us the way for #BitcoinWill it Break the current bear flag that is forming?
How it performed during the Tech wreck (like all tech stocks)
which had no earnings , but relied on future projections of user growth ( eyeballs & clicks )
Lower prices seem inevitable if his #Bitcoin holdings go into the Red
Michaelsaylor
BUY THE DIP? With Cathie Wood & Michael Saylor buying the dip doing so was almost compulsory. We have the best investors & best leaders in the space constantly voicing their opinions as well as their purchases. IMO there will never be buying opportunities like these again, specifically not at these prices. Unlike most of you, I survived the Bear Market/Sideways action of BTC from 2017 to 2020. The difference between me & most people is I never stopped buying while BTC went sideways seemingly forever. This dip is a discounted sale, but I'm also prepared to buy sideways for another three years if that's what it takes. The gains made in 2020 because of all the discipline were well worth the wait. Do you buy dips & sell tops, or are you a HODLer? Are you here for the money or do you really think BTC will change the world? Let me know in the comments!
MSTR and COIN: What Will Monday Look Like?Hello friends, today you can review the technical analysis on the 1D chart for Microstrategy (MSTR) and Coinbase (COIN).
1) Coinbase and Microstrategy are both public companies that are intertwined in the cryptocurrency markets.
2) With the sizable drop in the crypto markets, the price of Coinbase and Microstrategy will be affected when the market opens.
3) CryptoPickk shows a possible price target for where the price may go to for both Coinbase and Microstrategy.
4) A Trend-based Fibonacci Retracement is shown for both stocks.
5) Coinbase price may be supported around the 0.382 fib level around $200-$205.
6) Microstrategy price may be supported around the 0.382-0.236 fib level around $450-$500.
7) As traders know, it is very hard to catch a falling price so just be careful when buying the dip.
8) Both stocks price target ranges are shown in a yellow color rectangular box.
It's not the time to get completely negative on the markets, but it is a time to start thinking about what to do next. Be cautious.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Bitcoin May try to Eye Washing All of us! Beware.Bitcoin Still Not in Healthy Position to be Run Wildly On bullish Move. its probably like Scene 2 of this fake out phase. if its Makes NEW high ON this Rally That's would be Great Sign of Strength. happy trade guys. beware....
and another unproven fact is Full Moon is Not yet Completed till. that's also means dump is not yet over. but its a conspiracy. haha...
BTC/USDT RSI DIVERGENCE (Very Interesting!)BITBAY:BTCUSDT
we are making HIGHER LOWS at the RSI chart and we are making LOWER LOWS at the price action.
I am not the only one seeing this but something that you need to know... Why are we even ignoring this.
Why are we focusing on complex TA than focusing on the obvious ones.
Guys, I know its been a long tiem since I posted here, I have a youtube channel but I am using my native language.
About my absence I thought I had CoV*d this past week or 7 days or so, I don't know what happened but I feel so sick, and even got the symptoms
of the said Virus. I had to stop from working and posting to make sure I am healthy but I am back now. I am still open for your suggestion and love to be proved wrong and even more proving you guys wrong at some point as well in a healthy manner or conversation and acting like grownups.
Thank you guys for still waiting for my post. Hi there 33 Followers. How are you? How you've been coping up; tell me.
I wanna know really. Chat with me at the comment section.
Oh btw check my BTC USD bitstamp. I am still warning you guys please cut off the noise and trade your plan. I am just sharing you what I see and I hate what I saw that time. No one wants losing money. but being bear at the bull is not good and it is way way worse if you become bull at bear market. Trade with me?
How Twitter posts influence BTC.Hello trading view friends.
Today i'm going post a technical reflection on how posts on social networks like Twitter are negatively and dangerously influencing cryptocurrencies.
Today, Elon Musk and Michael Saylor bilionaries posted conversations about Bitcoin mining and sustainable energy on their social networks.
The price instantly rose more than 5% for bitcoin and took the entire market up in a matter of minutes.
Immediately the price of Bitcoin went against most short-term technical analysis and broke resistances even with indicators pointing to overbought after a very strong recovery movement after the weekend.
My good sense tells me to look very carefully, because the way things are going, technical analysis is no longer needed.
Just follow some personalities on social networks who are manipulating prices and thus obtain your profit.
If we fall below the 200dThe 200day simple moving average has proven to be a leading indicator above all else for Bitcoin's bull cycles. Pay attention to previous activity over 6 years and observe price correlation around this simple moving average.
The reason price respected and stayed above the 200day SMA is unknown, but as a imperialist, I must honour it.
Another indicator to note is when Bitcoin retraced enough to test the 200d SMA (and stay above it), the daily RSI was right around this level we see now ~ 28-31.
Thus, the suggestion could be made using previous data that a low risk entry on BTC could be taken at this time.
I will be doing some modelling in Excel to show the exact correlation over the years between price action at the 200d SMA and price.
BITCOIN Analysis May 2021Target achieved after a month of waiting.
Gratitude to MIchael J. Huddleston(The Inner Circle Trader)for providing me with the tools to analyze these markets. I'm always an apprentice and will always be, getting better day by day.
Bought at huge discount and I'm still waiting for more as I labeled the prices below to keep doing DCA and buying at great discount.
As he says: Show me the charts and I tell you the news.
Elon Musk can say whatever, he's just one more person in the system trying to be the market maker of it all following his own agenda advertising XPRIZE.org
Buy when there's blood in the streets.
Fearful when others are greedy, greedy when others are fearful
#BTC #bitcoin #GODCOIN has a target for $70k inverse head & shoulders
( i may have mentioned that before)
and I delve deeper a give you 3 near price targets
a good roadmap for money management
@TheCryptoSniper
thank you FRANCIS for training my brain to see these without even having to draw them
(ONLY PRICE PAYS)
;)
MSTR - MicroStrategy - Inverse Head and ShouldersPotential Inverse Head and Shoulders pattern present on MSTR, for those looking for a stock play on Bitcoin.
For a more conservative entry: break above $890 = breakout of the Inverse Head and Shoulders, more aggressive entry would be to enter now, prior to a confirmed break, this is risker (as the move has not be confirmed) however the distance to the stop loss is significantly less.
Stop Loss = Close below $520
-TradingEdge