ELON MUSK HYPE - " Its a bit expensive - its not green enough" Musk wants MORE Bitcoin - thats obvious - earned more from Bitcoin than cars !!! - so what does he do ? Knock the price . .will silly off-the-cuff rubbish - DOES ANYONE BELIEVE THE RICHEST MAN IN THE WORLD DIDN'T KNOW BITCOIN BURNS ELECTRICITY - BULLSHIT! . .he and his friends wan t you to sell . .CHEAP !!!!...up and up Crypto IS going - thats 100% - Ignore the hype - most Chinese /Indian Officials are corrupt and also want cheap Bitcoin . . Ignore!!!
BTCEUR trade ideas
Options expiration Friday 28.May (buy <25k, sell >36k )Fridays(option expiration): Its not every month it goes down.
Seems to correlate with the trend.
When negative trend > it has cone only 10-20% down.
So max down is -20% around expiration day (since 2-3 years).
Exceptions below.
Looks like the 25kEUR level can be touched
(in May, latest 11.June)
-> worse case 18kEUR
(that is -40% from this moment)
-> reversion next level 36-37kEUR
... 15kEUR will not go there,
Exceptions (continue downtrend vs. reversion)
- Mar2020
- Sep2019
- Dec2018
- May/Jul2018
- Dec2017
(crash, Jan18 dropped -40% in 30days)
What you think?
BTC to 40k€ ?25 April BTC was all time high , then BTC price drop down from 54k€ to 39k€ in few days ( 14 April to 25 April ) for too many reasons like ( decrease hash rate , weak hands , bad news , Elon effect , China decisions and so on )
in 26 of April BTC price start going up again before it starts to crash down in 9th of May
12 May a head and shoulders was confirmed 40% crash down was expected and it happened in few days ( 12 May to 19 May we were in the downtrend )
21-22 of May a left shoulder
23 Of may we see the head
25 was the right shoulder confirmed
are we going to 40k€ soon!
Time to accumulate wealth
Welcome, wonderful person!
This has been an amazing period filled with anxiety and fear, must admit I felt some myself.
I have been able to stop myself from doing anything whilst panic, and still holding my bags.
However,
I will try to use this period to accumulate as much wealth as I can, meaning get more BTC in my bags.
Will transfer some savings I have had on the side and use that to actively trade BTC.
I am not taking my existing BTC to trade because: "Do not invest in your trades, and do not trade your investments".
My BTC bag is in cold storage and is my investment and will not be traded.
New bought BTC will be my trade bag, and I will not mix investment strategies in this. It will be traded purely based on support and resistant and trend lines.
Happy trading everyone, and stay safe!
Whatever you do, do not take any actions when you feel overwhelmed or in panic.
Take a short break and deep breath, then go back in with a plan!
Public policy announcements as a market manipulation toolDear fellow investors,
As you have all noticed, the latest announcements from the CCP have had a material adverse impact on the price of BTC. However, let us all remember that the CCP has made similar announcements regularly in the past 8 years and that those have never been been followed by any form of implementation whatsoever. In fact, most Chinese retail traders, miners and crypto finance firms are currently consolidating their positions or entering into long transactions.
One can only question the regularity of the CCP's announcements regarding an incoming BTC ban:
- Once in a while, when the BTC price is high, the CCP announces a BTC ban and Chinese whales conveniently happen to sell whole chunks of BTC at the very same moment;
- BTC price plunges as a result of the CCP's announcements;
- The Chinese whales buy BTC back at a discount;
- The circus repeats itself.
This well-rounded process seems to be nothing more that a very easy way for CCP to transfer money from foreign investors' pockets to Chinese investors' pockets. One could almost say that false public policy announcements spread as fast as Covid-19 did.
Now, you know what happens next: buy the dip... and HODL!
Bitcoin's end of the bull run?Personally I feel the bull run is over. I was here in december 2017 and the same FUD was spread around this time in the cycle. But that is a gut feeling. The charts tell me another story.
The vertical red lines are the past halving. Looking at the time since the halving of 2020 we are 330 days into the bull run. In 2017 at the same point in the cycle we saw a massive dip in the bitcoin price. Just like now. We still had to go up to the 2017 ATH on day 523 of the cycle. What if the timing of this cycle is the same? In that case we can expect a €113.000 bitcoin in november. Wouldn't that be something?
BTC next few weeks are critical for the bull runIf we bounce strong the next 2 3 weeks and start closing above 21 week ema the monthly trend can still carry us higher. But if we start closing 2 3 weeks below the MA the moment can start shifting on the weekly and we can renew the dumps. We are 50 50 right now.