Greetings everyone, hope you are doing well.
In a previous technical analysis we were waiting to see if Bitcoin will follows the road of 10ks or 40ks.
We were waiting also to see if the megaphone pattern is really megaphone of consolidation area of diamond top.
Seems we have an answers from the market at the moment.
Inverse head and shoulders seems is playing out and the target is around 40ks.
I was making research in the charts, and I notice that the Head and Shoulders of Top of $69,000, it reached exactly its target.
This target was around $15,500. This can indicated a bottom signal.
Personally I didn't long fully the market and I went with only 50% of budget in this trade for a road to 40ks.
The reasons:
It will be the first time soon, that we will see test of $29ks. We can't know how the bears will react in that area.
Second reason, I do not trust completely the economical situation, FED, Powels etc. Today they are orange, tomorrow are read.
Third reason, at the area of 40ks, we will see a real battle between bulls and bears as is one area with crucial resistances. (Macrotrends)
Bought my altcoins already. I mentioned the areas of purchasing my altcoins portfolio too.
Resuming, I am remaining a bid skeptical yet, and I have the patience to wait a bid more. At the end of the day, bitcoin will goes above 100k,
soon or later, so buying by parts, is not a bad idea in my opinion, at least on how is the market at the moment.
I am open to discussions and exchanging of opinions with everyone, as I am here, first to make friends, and secondly
to support each other in this marathon . Because trading and investment are marathons.
Feel free to post your opinion, even if you agree with me or not. I am in the understanding that everyone has his own
opinion and I teach them to respect it! :)
Your comments and a possible like in our TA will be always appreciated.
I am waiting for you to discuss anything connected with cryptocurrencies and the crypto industry. :)
Have everyone a nice day ahead and a wonderful weekend.
In a previous technical analysis we were waiting to see if Bitcoin will follows the road of 10ks or 40ks.
We were waiting also to see if the megaphone pattern is really megaphone of consolidation area of diamond top.
Seems we have an answers from the market at the moment.
Inverse head and shoulders seems is playing out and the target is around 40ks.
I was making research in the charts, and I notice that the Head and Shoulders of Top of $69,000, it reached exactly its target.
This target was around $15,500. This can indicated a bottom signal.
Personally I didn't long fully the market and I went with only 50% of budget in this trade for a road to 40ks.
The reasons:
It will be the first time soon, that we will see test of $29ks. We can't know how the bears will react in that area.
Second reason, I do not trust completely the economical situation, FED, Powels etc. Today they are orange, tomorrow are read.
Third reason, at the area of 40ks, we will see a real battle between bulls and bears as is one area with crucial resistances. (Macrotrends)
Bought my altcoins already. I mentioned the areas of purchasing my altcoins portfolio too.
Resuming, I am remaining a bid skeptical yet, and I have the patience to wait a bid more. At the end of the day, bitcoin will goes above 100k,
soon or later, so buying by parts, is not a bad idea in my opinion, at least on how is the market at the moment.
I am open to discussions and exchanging of opinions with everyone, as I am here, first to make friends, and secondly
to support each other in this marathon . Because trading and investment are marathons.
Feel free to post your opinion, even if you agree with me or not. I am in the understanding that everyone has his own
opinion and I teach them to respect it! :)
Your comments and a possible like in our TA will be always appreciated.
I am waiting for you to discuss anything connected with cryptocurrencies and the crypto industry. :)
Have everyone a nice day ahead and a wonderful weekend.