My thoughts on Bitcoin Macro Level

You are looking at the weekly timeframe of Bitcoin.


Analysing After the recent move in Bitcoin I think BTC will consolidate in between 40k and 44.5k for pretty much long time and alts will get their time to make their move along with it.

After that i expect it to go lower from here upon breakodown of 40k level towards 30k and i think 30k level will be a good buy and it is not going any lower below 30k at all..

I did cut many levels and areas from the chart to make it look pretty simple and i believe the ideal scenario of 44.5k--->30k-->new highs is going to happen.

The analysis is based on high time frame and is my own personal opinion and thoughts.


Note: Not a Financial Advice.

Comment:

As Expected untill now but i have to say it clearly if BTC holds the level of 40k and starts to move upwards the Alts is going to blow with it.
This Wave will be much stronger than than the recent Wave.(but if btc holds which i expect it to hold)

So the better thing is to position yourself in good looking Alts for better PNL.

Note: Not a Financial Advice.

Comment:

If this support holds here.

There will be a good move in Alts with it.

BTC H1

Comment:

The more BTC time spends time in between these levels the more ALTs will move.
I'll update it later with the scenerios happening and what is good and what is bad for ALTs.

BTC H1

Comment:

BTC update:

Expecting it to be like this..
If this happens this will be too bullish for some Alt coins.

H1 Update

Comment:

If the support area breaks this will not good for alts and we can see alot of volatility in alts(Bearish) probably.

Comment:

BTC Update.

Support Holds as Expected.
Now I need Consolidated Up Move for my Alts Positions.

BTC H1

Comment:

Scaling out of longs as it doesn't looks good if it want to go up it have to be now.

The other scenerio for up is to shack out and send.

Comment:

Final shakeout or Die have trimmed few positions and adjusted margin in all positions..

Took some new longs(APT again, Mana and Alice) and took some losses by closing some portions of positions..

Comment:

BTC Update H1.
Support Holds and produced a nice move.
All of my Alts Positions is in +.
I think we don't have to visit lows anymore if i see any strong correction I've to cut my positions in breakeven.

BTC H1

Feel free to Ask about anything.
Don't forget to follow and boost for appreciation.

Comment:

I longed MANAusdt in the bottom and updated here.

As Manausdt Copy pasting but inverse??

Comment:

Would like this max pain scenario.

Trade active:

Possible long can go from here..

Longing BTC 40700-40850 SL 40550

Comment:

Correction:
As you can see in the above setup the entry was 41850 not 40850 and stopping below 41500 not 40500.

Trade closed: target reached:

Closed the trade here at 44000

Was a nice ride.

Comment:

Important BTC Update.
It have done same what i was expecting(ranging in between Levels and Alts moved) when it came to this range.
I will be looking for shorts. Will patiently wait for deviation or trigger if it gives me one.
Waiting for trigger.

Possible scenarios.

Comment:

Was out for a trip for 3 days.
Important update.
BTC ranged as expected and is now looking like it will test the support area which i think will not hold.
So bearish on this and alts too.
Might the support bounce it quickly but it will be faded.