Bounced off the bottom nicely and is now breaking out upwards from the Bull Flag. Predicted price of approx. 42k within 24 hours.
I see a massive Bull Flag on the 1 hour chart forming that could push the price into the 42k range. If you're short term trading always wait for the breakout. The meat in the middle is more important than hitting the lowest entry.
El Salvador Happy 🇸🇻 www.youtube.com
Largest transfers off exchanges since November 2020 indicates institutional buyers stacking Bitcoin in cold storage. pbs.twimg.com In the meantime, I'm stuck in the middle with you - Steelers Wheel - www.youtube.com
Keeping it as unbiased as possible, showing both bullish and bearish scenarios. Fact remains that after every huge correction to the downside we see a huge counteraction to the upside. Even when the markets turned bullish at the end of 2017 and the price of BTC fell below 11k it recovered soon after to above 17k. Now would not be a good time to sell, but to buy. IMHO
I'm struggling to find inspiration. Sure it can go both ways, but what if I was to tell you that by then end of the year it will be 150k. Would what happens right now even matter?
My thoughts on Death & Golden Crosses. They are pretty much worthless. Here's an example from March and May 2020. We see a death cross after the huge crash caused by the Corona Virus news and shutting down of economies. Soon after the bull market continues followed by a golden cross. Neither the death cross or the golden cross gave you any leading or lagging...
When in doubt zoom out. ABC correction wave, before we continue to go higher. ABC, as easy as 123, baby you and me... www.youtube.com
Low volume, but needs to cross, close and hold above the 200 daily ma!
Looking for higher lows and higher highs. Your Love Keeps Lifting Me, Higher and Higher www.youtube.com
We need to continue rising above 42.500 to create higher highs and climb above the 200 daily MA.
Buy signal coming up, totally oversold and at a bargain. Hold the Line, Love isn't always on time, ... www.youtube.com
MADC at historic lows never seen before on BTC. Patience as we wait for this market to continue its Bullish Trend.
The Battle at the 200 Daily MA continues. Oh, The grand old Duke of York, He had ten thousand men; He marched them up to the top of the hill, And he marched them down again. And when they were up, they were up, And when they were down, they were down, And when they were only half-way up, They were neither up nor down
If we close and fall below the 38.500 support, the next line in the sand is at 29.700. At this point we will be more than 54% down from the ATH and the Bull Trend is over!
As previously mentioned, if we break below 47K we would head back down to the 200 daily moving average. We fell below the daily 200 MA and bounced off a previous TD support line, at approx. 38.500. This could just be a dead cat bounce on the way down to lower lows. I'm hoping we can actually bounce off this support and head back above the 128 daily MA around...
We managed to bounce of the previous swing low at 47k. Touched the 21 weekly moving average, after 35 weeks for the first time. Touched the 128 daily moving average and held. Bitcoin Saint Michael (Saylor) is buying the dip. we are green light to continue to the next ATH 😊 PS: F#@K Musk!
As predicted BTC bounces off the previous swing low at 47k. Can it hold above this crucial level, or is going to crash down to 39k?