[2021 1st update on BTCUSD since caught bottom at4000]
How you guys doing?
Been almost a year since we caught the bottom around $4000($3880) in 2020 March.
Hope you all safe and been enjoying 10x up from btcusd counting the recent ATH around 40k.
If you haven't checked my post before. Here it is where we caught the bottom in 2020 March at around $3800/4000.
--------------------As usual, No BS, Let's head directly to the topic--------------------------------------------------------
You may find answers to some questions kept on your mind:
1. Where are we now in big picture-BTCUSD? Where it is going?
2. Is Alts dead? When Alt Season? When to enter Alts?
--------------------Everything I posted on Tradingview, it's personal idea, not financial advice. Do your own research.------------------------
1.1 Where are we now in big picture-BTCUSD?
BTCUSD favors to show us something important in history. Let's find some treasure in it:
BTCUSD history ATH had shown a potential prediction for future ATH target by
using fib levels to put BTCUSD birth as Fib 0, put history ATH as Fib 1, and it leads to Fib 4.236 as potential future ATH.
2013/14
2015/16/17
if this is how it leads to this bull ATH in 2021, this is the potential target:
we are currently at fib 2(around 40k), had retraced back to fib1.618(around 30k on day chart).
if this retracement is completed, then we are heading up.
if not, then in further retracement, price needs to hold well on fib 1.618 to continue the strong trend up.
(I posted idea in the past to show how BTCUSD history ATH Fib level and retracement bottom helped find the 2019 and 2020 bottom. I put the link below this idea, click on it if you wanna check more.)
1.2 where it is going?
if price can breakout recent ATH and close above it, then next target is fib 2.618 (around 50k). it is also a potential resistant zone.
if price can't fast breakup higher from there but going for retracement instead.
fib 2(around 40k) and fib 1.618(around 30k) needs to play as support to continue strong uptrend.
1.3 if BTCUSD is to do this mega bull, when it may reach fib 4.236 (around 80k)?
if continuing this crazy volatility, expect it potentially to be within this Jan and Feb.
-------------------------------------------------------------------------------------------------------------------
2.1 Is Alts dead?
Yes and No. Many of them had been in crazy correction(bear) for long till very low price now.
Few of them almost finished correction. Expect more will finish correction soon.
2.2 When Alt Season?
When BTCUSD had enought fun by rocketing up or when BTCUSD consolidates(not likely).
2.3 When to enter Alts?
Why do we want to invest in Alts?
We need to hold up to the idea that doing investment is go gain profit.
When we see up to BTCUSD good potential in bring profit, then if we consider to enter in Alts, it should be only to gain BTC!
When BTCUSD is going up, you DON'T want to lose BTC! Only to hold/gain BTC. Simple. Period.
After we have this mindset/strategy clear.
Now back to answer the question -when to enter Alts? - When AltBTC is about to go up.
You don't wanna by the potential bottom(bottom is not real bottom until it bull up from there). You wanna buy it right before it shoots up.
History Crowd Actions?
If things happens as like in 2017 end - after btcusd reached ATH, people started to take profit from BTC into USD and put BTC into Alts.
That's the time when we call it Alt Season - so many coins bottom up, and its bullup will be quick.
Coz those high price and profit is made when BTCUSD had reached ATH but still remain high price(it may be in some retracement/retracement then bounceup).
-----------
History repeats, better to learn from it.
Stay safe and trade safe.
Good luck.
Been almost a year since we caught the bottom around $4000($3880) in 2020 March.
Hope you all safe and been enjoying 10x up from btcusd counting the recent ATH around 40k.
If you haven't checked my post before. Here it is where we caught the bottom in 2020 March at around $3800/4000.
--------------------As usual, No BS, Let's head directly to the topic--------------------------------------------------------
You may find answers to some questions kept on your mind:
1. Where are we now in big picture-BTCUSD? Where it is going?
2. Is Alts dead? When Alt Season? When to enter Alts?
--------------------Everything I posted on Tradingview, it's personal idea, not financial advice. Do your own research.------------------------
1.1 Where are we now in big picture-BTCUSD?
BTCUSD favors to show us something important in history. Let's find some treasure in it:
BTCUSD history ATH had shown a potential prediction for future ATH target by
using fib levels to put BTCUSD birth as Fib 0, put history ATH as Fib 1, and it leads to Fib 4.236 as potential future ATH.
2013/14
2015/16/17
if this is how it leads to this bull ATH in 2021, this is the potential target:
if this retracement is completed, then we are heading up.
if not, then in further retracement, price needs to hold well on fib 1.618 to continue the strong trend up.
(I posted idea in the past to show how BTCUSD history ATH Fib level and retracement bottom helped find the 2019 and 2020 bottom. I put the link below this idea, click on it if you wanna check more.)
1.2 where it is going?
if price can breakout recent ATH and close above it, then next target is fib 2.618 (around 50k). it is also a potential resistant zone.
if price can't fast breakup higher from there but going for retracement instead.
fib 2(around 40k) and fib 1.618(around 30k) needs to play as support to continue strong uptrend.
1.3 if BTCUSD is to do this mega bull, when it may reach fib 4.236 (around 80k)?
if continuing this crazy volatility, expect it potentially to be within this Jan and Feb.
-------------------------------------------------------------------------------------------------------------------
2.1 Is Alts dead?
Yes and No. Many of them had been in crazy correction(bear) for long till very low price now.
Few of them almost finished correction. Expect more will finish correction soon.
2.2 When Alt Season?
When BTCUSD had enought fun by rocketing up or when BTCUSD consolidates(not likely).
2.3 When to enter Alts?
Why do we want to invest in Alts?
We need to hold up to the idea that doing investment is go gain profit.
When we see up to BTCUSD good potential in bring profit, then if we consider to enter in Alts, it should be only to gain BTC!
When BTCUSD is going up, you DON'T want to lose BTC! Only to hold/gain BTC. Simple. Period.
After we have this mindset/strategy clear.
Now back to answer the question -when to enter Alts? - When AltBTC is about to go up.
You don't wanna by the potential bottom(bottom is not real bottom until it bull up from there). You wanna buy it right before it shoots up.
History Crowd Actions?
If things happens as like in 2017 end - after btcusd reached ATH, people started to take profit from BTC into USD and put BTC into Alts.
That's the time when we call it Alt Season - so many coins bottom up, and its bullup will be quick.
Coz those high price and profit is made when BTCUSD had reached ATH but still remain high price(it may be in some retracement/retracement then bounceup).
-----------
History repeats, better to learn from it.
Stay safe and trade safe.
Good luck.
Comment:
you need to know that price doesn't have to reach the target
Comment:
People think BTCUSD is dying from here/altsBTC won't be coming.
You think they are right?
Shouldn't be thinking that lion is died when he just took a nap.
You think they are right?
Shouldn't be thinking that lion is died when he just took a nap.
Comment:
altbtc up chances lie mostly when btcusd remains in bull trend(regardless of retracement or not).
but this time, few alt will ride with lion.
but this time, few alt will ride with lion.
