TheKing ShakeoutEverythings goes up have to go down.
Some traders were expecting this crash but the panic it caused made BTC go deeper than a logic prediction.
Those kinds of fast Shakeouts are orchestred by big Whales to create some fear and eliminate weak hands, but for smart money investors, it's just a very good buying opportunity.
Don't compare btc price with actual one on exchanges cuz BLX price is not adapted.
- Target to 100k is still unchanged.
So after this fresh fast crash i will just link my older analyse on BTC roads. i just adapted on this chart EMAs in correlation with the actual growing price.
Happy Tr4Ding !
Theking
Bitcoin StrategyEverything goes up have to go down.
So i will explain a wise strategy, Bitcoins seems to have a lack of power, remember that only big players can move BTC up or down. so like i said often, sometimes it's better to be Spectator than Actor. This bullrun is far to be finished but at one point we will get a strong retracement and you don't want to be in when it will happen.
For now BTC is forming a descending channel and seems to make a Lower Low for the first time ( Not confirmed yet ), as you can see in Graph we are close from the border of this trend. So there's nothing to play right now. just wait and see if BTC get some rage juice to break this bearish mode.
Again i am still thinking that this bullrun is still on but our strategy is to accumulate more BTC! so if you can catch some Dips u will get more Bitcoins ! just Logic !
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Trading Parts :
Scenario 1 :
- if BTC break this downtrend you can buy BTC after 61000$ and take the train to 66000$. if we break 66k so yes we can surely go higher.
Scenario 2 :
if BTC not break this downtrend and follow his movement we could go visit 47000$ again. a Big support and a better opportunity for a buy.
Scenario 3 :
BTC dip more and we could see a dip to 42000$ - 38000$ ( have to analyse it in time ).
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Stay S4Fe and be patient.
Happy Tr4Ding !
I maintain my target of BSV being a 1/4 quarter of a Bitcoin !A third wick formed just below the bullish descending wedge.
On balance volume holding up strong.
Price also despite weakening volume in general - this can be seen as bullish.
I maintain my bullish stance on BSV and my target 0.25 BTC for one Bitcoin.
That's almost a 15x in BTC terms and implies a price of about 1500 to 2000 USD for Bitcoin SV.
Let's see if it plays out ...
Not financial advice. However I put my money where my mouth is and doubled down on BSV recently (at 153 USD).
BTC/USDT - Bull trap or a Retrace to the support zone?!Overview for BTC/ USDT
Wave I :
Starting point: 6869.62
Target: 8460.88
1591.26$ move UP!
Retracement:
0.5 fib. level
783.76$ move down
Wave II:
Starting point: 7677.12
Target: 9200.70
1523.58$ move UP
Retracement:
0.618 fib. level
971.57 $move down
Wave III:
Starting point: 8229.20
Target: 9434.94
1205.74 move UP! There is still a 306$ (3.25%) move up left for this wave?
Conclusion:
If you take into consideration the last 2 waves ( both waves have made 1591 - 1523$ gains) meaning that there is still a 306$ move up left for this wave.
On the other hand, as you can see, the price was rejected from the resistance line ( the red one) and the price is a little far from the 20 MA and a retest of it can be a possible scenario!
Also the RSI is on the sell zone.
Can this be bull trap or a it will be a retrace to the support zone?!
Let me know what do you think and what is your perspective for BTC!
BTC/USDT - Short Opportunity or just another TRAP?!The last few days, we have seen that BTC made some nice moves up and right now it's about to reach a strong resistance level at 9000k-9200k.
A short opportunity might be available for us with a stop loss above the 9200k area.
The 1h and 4h chart is going to give us bearish signals and the price action from the past as well!
Let's see how this will play out!
BTC/USDT - Waiting for a breakout!BTC is moving inside a downtrend channel, and for the moment, is moving between support and resistance, what makes me believe that a big movement is about to happen.
To be honest, I believe that bears are in control and an ABC correction wave might be in place. If that is about to happen, then, this move will push the price to the 7800-7900 area.
But...
My suggestion is to wait for a breakout and a confirmation of the breakout before you take a long or short position.
Until then I am neutral, but not for long anyway!
If you have any questions leave a comment below.
You can also join our telegram group for more trading ideas!
Have a great time, cheers!
BTC time for a run...Bitcoin is now pushing above key 8350 resistance, and a retest of 9000 looks likely. If that breaks btc looks poised to run to 9800-10000. What is fueling this? Tether that was printed, and as you can see in the related bitcoin dominance idea the bleed and death of alts. As dominance rises and money flees alts, it will provide the gas for bitcoin to run up and break some of these resistance levels. Long BTC. Key support is 7500. As long as that level holds the chart is super bullish. If 7500 fails then we can talk about a larger correction and first likely area would be 6800-7000, but until that happens and 7500 is breached, BTC is very very bullish.
The end is near!Not really, its been a while since we are in bear market, and probably we will be in a next 2 years or so, but falling thru the clouds is sometimes hard with no retrace.NOw we are close to demand zone, psychological or in tech terms, this one is a strong resistance or support or whatever you call it zone. Maybe we will see even 0.5 or 06 fib!!! (excited :D) or just back to 2014 numbers, anyways, its just a my view for a next few month, happy trading!
From guru to voodoo and voodoo to zen (BTC)Hey Fellas!
I am still on job trip, but i found little time to make an idea of the king on this delicated moment that i believe we are passing.
I just wanna remember you one of my firsts ideas, when i asked you about the pills:
In my last idea, i was almost believing we might beat the damn bankwhales to break USD 10k, but they are still very strong controlling the market... For me, the trading channel is between USD 7.800 and USD 10.000 (pshycologic resistance). Possible run to USD 9.800~9.900 (if breakout it, i change my thoughts) to complete de rising wedge and go down. The King really needs to breaout the pshycologic resistance to bring back new players...
So, to never forget the pills, the music today is "Pills" of "St. Vincent":
"Pills to wake, pills to sleep
Pills, pills, pills every day of the week
Pills to walk, pills to think
Pills, pills, pills for the family
I spent a year suspended in air
My mind on the gap, my head on the stairs
From healers to dealers and then back again
From guru to voodoo and voodoo to zen..."
Warning: IT'S DEFINITELY NOT A BUY OR SELL ADVICE, IS JUST MY VISION!
Luv u!
I'll rise unafraid! (BTC)Hey, there!
Some news can shake the king as well (Goldman Sachs, Reddit co-founder...)... Keeping on the H4 analisys, good run to USD 9.760,00. Consolidating, the breakout, the king might can rise up to USD 10.470,00 and we will back above USD 10k. We are in a pretty cool uptrend (pitchfork area), but is possible some traders taking profits and the king retract to USD 9.510,00 area. Market is bullish, but be carefull with altcoins trading!
This idea is an update of this one:
Song for this idea is "Rise Up" of "Andra Day"! Search it and listen, because this song says what we need to know about this moment, check it:
"You're broken down and tired
Of living life on a merry-go-round
And you can't find the fighter
But I see it in you so we gonna walk it out
And move mountains
We gonna walk it out
And move mountains
And I'll rise up
I'll rise like the day
I'll rise up
I'll rise unafraid
I'll rise up
And I'll do it a thousand times again"
Remember: Always DYOR!!!
Luv u, fellas!