BITCOIN WAIT BUY OR LONG TARGET UP TO $12500BTC had a very good sign of forming an ascending triangle, BTC had a fake out and suddenly dropped due to the news of a covid
vaccine, but now the signs are good for the rising triangle, waiting to buy in $ 10350.
BTC waiting buy : $10350
BTC target : $12500
stop loss : $9800 after bought .
Wish you good deals!
BTCUSDC.P trade ideas
Slowly waiting for the breakout zzZzzZzzFed is buying bonds and ETFs at 5 year maturity rate leveraged 10:1 by the treasury
Fed is taking on debts of small cities with population 500k or less
Lending out billions of dollars to EU.
Market is stimulated by ghost money, happy investors happy to spend money on many assets, creating a fomo bubble that will probably end up parabolic and explode.
Out of the ashes, bitcoin pops up, wings flappin, caw caw. Or blockchain was a testrun by the communists and it will go down and be replaced with a governmental approved blockchain coin.(gold as reserve if they are kind)
ETA 1-5 years.
Trump wins, dont want to look bad so he lets Powell print money and buy etfs(which he owns $12m of personal money in Blackrock ETF and $16m with Goldman sachs, yikes), ruin the economy down the line, devaluing dollar, shit goes boom.
OR a second corona wave comes 'online' and we truly have a recession/depression on the line. If so this rally(and SPX) was a dead cat bounce for sure.
50/50 bear/bull on crypto and regular markets atm, if we go above this little pause we are having across the board then its 90% long bias.
USDC Mirror Chart! Bullish explosion coming soon!Good morning everyone,
Bullish:
- RSI over 50
- MACD rising
- Lines crossed EMA50 with a bullish first candle like before (drawn in the Chart), and stays above it .. last time it produced another bullish candle.
- We have a long time bearish trend line who broke some days ago.
Expect at least 50% within the next days.
Everything else drawn in the Chart.
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Bitcoin is “Clear for Liftoff” as Analysts Watch ForaMove HigherBitcoin is firmly caught within the throes of an immense uptrend. This was clearly seen yesterday when the cryptocurrency rallied up to highs of $10,000 before facing a slight rejection that led it lower. This was a massive $1,000 movement that marked a significant extension of the momentum that was first incurred when the crypto rebounded from its capitulatory decline to lows of $8,100. Because buyers ardently defended this level and have since provided BTC with sustained momentum, it does appear that it is well positioned to see further upside. One trader is now noting that Bitcoin looks “clear for liftoff” as it flashes signs of forming an immensely bullish market structure. Analysts believe this next movement could send it towards fresh yearly highs. Bitcoin Sees Notable Overnight Upswing as Analysts Watch for Further Gains
At the time of writing, Bitcoin is trading up just under 7% at its current price of $9,700. Overnight BTC tapped highs of just under $10,000 before facing a slight rejection that led it into the mid-$9,000 region. This movement allowed it to firmly surmount all the heavy resistance it previously faced around $9,200 and $9,500. It is also important to keep in mind that this momentum marks a continuance of the macro uptrend that Bitcoin incurred in mid-March when it posted a “V-shaped recovery” from lows of $3,800. This recovery has also come about against a backdrop of global turbulence, as the stock market is beginning to flash signs of seeing another leg down as the global Coronavirus-induced lockdowns show few signs of letting up anytime soon. The benchmark cryptocurrency’s current strength could be enough to provide it with some significant momentum that provides it with further room to run. One popular pseudonymous analyst on Twitter spoke about this in a recent tweet, explaining that Bitcoin looks “clear for liftoff.” “Bitcoin weekly Heikin Ashi looks clear for liftoff,” he said while pointing to the chart. BTC Likely to Target Fresh Yearly Highs It is a strong possibility that the benchmark cryptocurrency will soon target fresh year-to-date highs as its technical strength begins mounting. These highs are currently established at $10,500, and this happens to be an important technical level that coincides closely with a descending trendline formed as a result of the crypto’s decline from highs of $13,800 in the summer months of 2019. Another popular trader recently explained that he expects BTC to test this key level in the days ahead, saying: “BTC access granted for bulls. Price trading above my bull trigger, let’s see if it holds. Above both the Monthly + Weekly S/R levels as well as the low time frame range high. Continue to hold above ~$9350 and I see us gunning for $10.5k.”
BTC shows its strength.Observing the bullish channel that formed since March, on the 13th, we can observe that on the 7th of May, when reaching the value of $ 10,000, the currency not only broke, with 90% strength in the RSI, as in the days that followed in its correction, 11 and 12, the price rose again without touching the baseline. It is also worth mentioning that by reaching the value of $ 10,000, the currency was able to exceed the average price of the resistance zone. This undoubtedly shows a lot of market willingness to buy the currency. And without a doubt, no matter how strong corrections there are in the medium term, in the long run the recommendation is to buy.