Recent pullback aligned too perfect with technicals - Consolidation at Bull Channel Bottom - Consolidation at $50k Support - RSI in oversold territory, reversal coming soon - MCAD showing bearish slowdown
Looking at the long term BTC Chart since 03/20 Black Swan ATH @ $61k 61% Fib Retracement at $30k $100k BTC ATH Next?
Don't try to time a reversal, count your blessings that BTC pumped back up to $40k and take profit. Buy back in when it crashes back down the bear channel. BTC will get cheaper before it reaches $100k predictions at the next halfvening
Bullish Hidden Divergence showing on RSI Bullish Ascending Triangle forming BTC Breakout to $80k en route
BTC Moves Higher on news of Inflation BTC Moves Lower on news of Recovering Economy Continued Interest & Large Fund Investment to the Crypto Market Short Term Bearish (2 Weeks Tops) Long Term Bullish (1 Year)
Technical Analysis - Bull Flag Confirmed - Higher High - Higher Low Next move looking for breakout at $58k Push up to $82k before next pull back
BTC correction is healthy Price can still drop more and consolidate to form a higher low Still very Bullish Last Bull run lasted 540 days Currently at 260 days
Breakout moved the next resistance to the previous ceiling of $14,000 Once this is broken, no resistance making BTC parabolic to previous ATH
Failed Bull Pennant Short Term Bearish to $10,800 Support Wait for Consolidation around that area before new Entry
$8,600 was your Entry Point Has not broken lower since...
Bounce through the channel a bit before 2nd leg bullish price action
BTC Consolidation Period, Looks like were set to bounce around $11k - $13k for 2 -3 Months while the markets wait for the next move. Long term trades (6 months - 1 year) would be a good entry point right now. You might be lucky enough to get some more BTC at $10,000, but honestly is the extra 10% return worth missing out on 60%+? If BTC only goes back to $20k ATH...
Weekly confirmation of breaking the 2 year downtrend line, the DAY IS HERE
Hidden Bullish Divergence developing along the heavy resistance line, sellers are retreating. Still premature since its not showing on the weekly chart quite yet. White - The Halvening Orange Top - Heavy Bearish Trend line since 2018 Price Action - Higher Lows Oscillator - Lower Lows
Sit on liquidity to scoop up Hertz after 2nd round of Bankruptcy