Crypto has recovered above it's 4 year moving average- historically a very important MA for market bottoms. It should build from this level with upside to 1.2T in the near future. If it can break through that level, it could go to 2-2.5T sometime in the first half of this year. I think an ATH is unlikely given the nature of the previous cycles, but would be...
Am I counter indicating the bottom? reee Probably this bad, maybe more. Strippers and boomers talking about NFTs and crypto. Nothing gold can stay. GL
I think bitcoin has been building for a breakout ever since the June 18th bottom. Alts have had their runs against btc in the 2 months since the lows, so bitcoin dominance has plunged unprecedently low for this point in the market cycle (down to peak bull market lows). Crypto twitter might be the most anti-btc I've ever seen it. There's now been a shake out in the...
Target: 2017 ATH If wrong, flip bull at 55k/60k Every bear market has a big rally for btc and even bigger rally for alts at some point. In 2018 it was the rally into the highs of early May, and in 2020 it was the rally into mid February highs. I think we're at that point now. Capitulation still hasn't occurred.
Longing bitcoin starting at 7900. Ideal entry is 7600 where I will add if the price gets down there. Targeting close to its ATH if btc gets the big bounce here that I'm looking for.
Bitcoin is at diagonal resistance in this overall descending triangle pattern. There's also some 4 hour bearish RSI divergence. If it does break down, I'm targeting the 200 DMA at around 7800. Buuut, a breakout here into the 11000s, to me, would mean a change back to a bullish trend. I'm still sending the short trade #effthehaters Also, started using rotated...
Gotta buy (or average down tbhaf :/ ) at some point. Seems like an aight spot
Peter schiff told me to and he's always right aboot everything always