We will be just fine as long as the bottom does not fall out of the market. Don't think that will happen. Week or so consolidation and then as 33,000 on DOW holds, BTC will move up once again. Looks like a 15,000 spread from the recent high will hold. We have had many 10-15 K moves this past year.
10,000 dollar moves happen but few happen in 1 day. Perfect set up with a move into the 50k area and this weekend pushing higher with the US and Canadian Markets closed yesterday. They the news about a nation placing Bitcoin as a currency. On top of that, the Dow starts falling and problems with coinbase. All along we have been saying that we will have 10-15K...
We could stay above and below the 200 day as we did 6-18 Aug. Called consolidating as we do monthly moves higher.
I would really love to know why some are bound on BTC dropping back to rediculas past levels. Can they not see we are entering a much different world of crypo and blockchain?
I cannot believe how very smart people cannot see what is going on. Very Bullish. They have their 10 and 20 k blinders still on. VERY SIMPLE. After 4 months we crossed back over the 200 day moving average. 200 day average. Watch it. We even could test it. But that is your lifeline. This is not 2012 or 2018. We will not go back to those numbers. 12 Big...
Trust your 200 day moving average. Still in my channel.
Watch your channel. Celebration weekend.. May 22, 2021, marks the 11th-year anniversary of the first Bitcoin transaction, in which a Florida man paid for two pizzas with the cryptocurrency. The day has become part of folklore, not because of the transaction, but more the price: the man in question paid 10,000 Bitcoins, which today is worth over $380 million,...
Stays in my channel and we crawl our way back up. Bulls still in charge.
So far the 20 day moving average is saying just that as the 50 day and the 100 day rises heading toward that 200 day. 10 % moves may be a thing of the past. 5% moves may be rare and we will be stuck with 1 to 2 % moves. Much more creditability will be placed on bitcoin if that is the case.
Coin Riot Mara BTBT Ethe All trading back to apr 12 area. Where was Bitcoin then? Undervalued
will this cross down to 101-104? 75% chance but if so, don't expect it to last too long.
The support of the 200 Moving Average will be needed
Just like last July and Aug, We hugged the 200 day for awhile. I expect much the same thing as those that are bearish continue with trying to justify why BTC is not 10 or 20 K Experience in this says the bear is WRONG.
Our 200 day M/A is within out sights. Don't fight the tape. The trend is your friend til the end.
Caution on trying to find a H and S by using time frames other that a day, week , or monthly. Even this 4 hr one, the right shoulder is higher than the left. Switch to the daily and the real picture emerges.
Like the possibilities. Short term 5-6 dollars by year end IMO
Now the stock starting back across the 200. More to come
Some would have you believe the bottom is falling out. The bears keep trying to be right. Sad. The 20 day average has taken out the 40 day average.