SO, Many people have been screaming $4k $6k, all these people are wrong, bitcoin is still bullish, this is nothing but an expected cool off period, this is clearly a whale market dumping periodically on an exchange like shapeshift that causes slow offloading and dumping on other exchanges, it works great is you open leveraged shorts then dump 1000BTC.
Our 2 buy orders at 9750$ and 9550$ were filled. This is the best opportunity to accumulate more BTC to catch the big Altcoin season.
Here is our plan
- If you just want to trade BTC/USDT, BTC will back to above 10000$ in next 2 days and will try to test 10500$ zone
- If you want to earn money effectively in this period, let you give BTC a safe range above 9000$...
There is a FUD of Binance that Binance has not enough USDT for lending. So today BTC was dumped after failed several times with 10400-10500$ zone.
But don't worry, Market's health is still good and this is just a small adjustment before new big wave.
If you bought BTC around 10100$, don't worry, BTC will back to there soon
If you missed the 10100$ train, don't...
Starting with the daily chart i think it is important to explain the market sentiment. Bitcoin dumped last night and closed the CME gap successfully, the CME gap is formed when the CME market closes for the weekend but bitcoin does not, the gap is a 50/50 thing, sometimes the CME exchange moves to meet BTC price and other times btc price moves to meet the CME. on...
Starting off today with the daily chart this is the bigger picture, bitcoin still in this bull pennant looking like it heading for $12,000, RSI not even overbought yet so this is great news, bitcoin still in this steep upwards channel
zooming in on the daily chart we can see that the DAILY MACD tried to tick bearish but still the bulls are too strong, i do think...
BTC is at 10300$ zone and this is the most sensitive moment. If BTC pass over 10400$ we will have a comfirmation for a big pump in next 3 days to 11,500$
But if it failed with this 10300$ zone, we will see a big dump to 9600$ and move gradually to 9250$ to catch back!
So here is my plan :
- Sell your BTC at around 10300$
- Prepare for 2 cases :
+ Pass over 10400$...
Starting with the daily we had a nice break to the upside yesterday as bitcoin finally surpassed 9200, this has been held overnight, i kind of expect a retrace to 9200 and 9200 to show support before the end of the day but never the less RSI looks bullish MACD Looks bullish and a break to 9400 takes us to 9600 and then there is nothing till 10k in theory
This is the daily chart, it is clear to see we have now broken out of this huge bull flag, i expect a slow breakout momentum maybe even followed by a retest of the resistance turned support before a huge breakout, there are several things required for this to happen so i shall explain, i will also explain how this theory can be invalidated and in that case your...
We now have Bitcoin (BTCUSD) fully retracing with a full bearish candle close below EMA10, signaling that prices can easily continue lower... But, what happens to the altcoins?
In our view, we have mainly three markets when it comes to Altcoins vs Bitcoin.
First (1), we have Bitcoin vs the Dollar (BTCUSD).
Second (2), we have the Top10 Altcoins (ETH, XRP,...
price should follow arrows considering bull and bear strength in momentum and projection
should pullback into 0.618 significant area
shows bullish rotation around area
If 0.618 broken and closes even deeper, potential overall reversal of trend and will look for shorts instead
Pray that the 0.618 holds.