What a crazy weekend !!!!!!!!!!!!!!!!
All the people that consulted me last week and I told them to "buy Bitcoin, don't wait that it will fall again" - lost a lot of hair in the last 2 days.
Bitcoin until the end of the year will pass the 10K price no doubt.
2000 USD in 3 days do you realize what it means??
10000 USD investment could become...
Bitcoin is still consolidating around level 8200$ (7000€ area).
Based on the 4H timeframe we see an MACD divergence that has formed.
Bitcoin bulls try to keep on pushing up yet a decent retrace to level 7500$ (6600€) or 7200$ (6300€) (area lower ascending trading channel Trendline) or at least further consolidation around 8200$ (7000€) area into the next day or...
Possible short entry for bitcoin as this can be the end of wave B. Though I have made a mistake once trying to catch this end of wave B so be careful.
Others things I look at are the upper trendline on log scale chart (~8160; see here uk.tradingview.com), upper original Andrews pitchfork and Schiff pitchfork and the fibonacci projection...
Possibly entering wave B so another short opportunity might be coming soon. Will remain neutral for 1-2 days or when there's opportunity for short.
What's interesting with this correction (if the correction hasn't been completed) is that this wave C will cause the price to retrace below the all-time 38.2% fibonacci for the first time this year.
As I wrote you the price in the weekend will reach below 7K now at this rate it's still good to buy don't need to be greedy and wait to get even better rate cause you can miss the rate, the correction probably will be soon as you can see with the indicators.
and the support line is very close to the actual rate,
as I mentioned before at this rate...
Yesterday As I published Bitcoin was closed to $7900 and as expected fall down that's why I always tell you to pay attention when you purchase Cryptocoins,
Today I see a divergence on the oscillators that don't confirm the Bitcoin rally it's for a very short-term correction soon will start making a correction upside and the volume keeps on...
Bitcoin is continuing to rise up and broke the resistance level of 7400 USD and also 7550 USD and now it's making a little bit correction but it's on the way to reach 7950 USD until the weekend. meaning it's a good time to buy now because the volume and the liquidity are increasing despite the profit takings. I see that new buyers are coming and that's why...
Bitcoin, as we said, had 3 crazy days that was not safe to buy cause when you buy the coins it takes time and in the meanwhile, you could have bought much higher price and lose money by that.
As Swiss bank Credit Suisse embraces digital money and also as Bitcoin will be traded on regulated Chicago futures exchange I see that the volume of Bitcoin...
Bitcoin passed the rate we said because of the huge extreme demand it passed the 7050 and by that it means the reversal of the downside direction will be so strong because of the profit takings.
So pay attention for your Bitcoins so you will not lose their values.
Prediction in the next 2 days below 7000 like yesterday.
From the $5,000 breakout, we will see downside, eventually to the $2200 - $2500 area.
From there, its BTC10K BABY!
You saw it here first, and if you weren't cool enough to buy in when I clearly told you to do so, don't blame me when you are sat there with your "real" money. #SHEEP #TheyTellYouItsRealMoney
I think I might have missed the entry for the first trade but i'll get in anyway. If the first trade is stopped, i'll enter again on the second RR indicator. The second trade makes a lot more sense given how bitcoin is praised by people around the globe.