Macro: No high inflation likely during next 4 years of Republican term. No reason for Bitcoin to breakout to new ATHs yet. If it's not going up, it's probably going to retest the lows instead of being stable (to push for max pain). Technical: ETFs provided exit liquidity for smart money
Rally to continue up to 60k psychological level before a full retracement back to 43k
mean-reversion type short to correct back to slower underlying uptrend
Price still hasn't broken through the smart money sell zone (0.786 retracement level of 2022 downtrend) despite bitcoin ETF inflows. Indicating smart money selling. Target 20k
Entering Short at 42,900 for a 15% dip down to 36,170
entering long at 41.8 after substantial wick sub 40.0 on a now green weekly candle.
The halving in April 2024 will serve as catalyst to trigger the active hidden bullish divergence in RSI vs. the all-time monthly log chart resulting in a 2-year rally up to $750,000 by end of year 2025
Entering short into bounce and hidden bearish divergence on 4H RSI
Buying $39.8 for a move to 43.7 next days with stop at 39.5
shorting into a trend reversal with potential full retracement of 2023 uptrend
buying dip on trend on continuation signals (hidden bullish divergence on 1D). target: new ATH 90k
hit resistance at OTE level, entering short now for a second leg down
potential hidden bullish divergence on the 1D timeframe with tight stop at 40.5 and target at 50k
entering a long here as a contrarian idea to "trying to short the top"
hedge exposure here at 43.3 for a dip sub 40 next days before more up
1x short from $36,400 longer-term time frames looking not ripe enough for a new super cycle breakout
going long on potential hidden bullish divergence on the 4H (trend continuation signal)
going long into a bounce out of a dip, following the YTD uptrend