Bitcoin $33k on its 12th Birthday 2/1/21 (launched 1/3/2009 = 1+3+20+09 = 33) and 33 years after the cover of the Economists One World Currency & Phoenix Rising (Jan 9th) and 3 months and 3 days before Satoshi's birthday (93 days, Saturn =93, the keeper of time)
Next Milestone is $50k by Valentines day February 14th🦍 ₿
$33k on 2/1/21, Jesuit =21= 21 million...
Picking the tip not the best way to trade, but if this becomes a pivot point on the compression range and we break down their are gaps to be filled below POC =)
trade invalidation = upper range break = flip long
It looks like BTC had an ABCEDE correction from 8th to 27th of January. Since then, the pitchfork suggests that the trend might have changed again and we could be in a new uptrend which could bring us to 50k this time. I also remain cautiously optimistic for Alts. In general, Alts tend to consolidate when BTC makes a further move up. Nevertheless, my impression is...
Its very simple here, btc closing below the green horizontal line is not good, I see further downside if that happens.
A test of the $30000 area and lower.
Weekly and monthly close
Stay patient and stay alert
As of my previous post btc has broken out of the inverse head and shoulders structure with confirmation on the 4hr.
Btc is now facing resistance at the $34500 area (green line).
If we clear this area we will be retesting ath again shortly.
Volume is key and we need some big volume stepping in.
Btc is forming a inverse head and shoulders pattern on the 4hr chart.
Break out of pattern will take us towards the $40000 level.
Confirmation is needed on the 4hr close so I will be paying close attention to that before making any decisions.
Give me your thoughts traders?
As always stay safe trading.
Btc is forming a head and shoulders within a descending traingle.
I would be very cautious within this area.
Any sudden crash will bring alt usd pairs down with it, so for now I'm on the sidelines
Btc has tested the $30000 level again a close bellow this level will not be good I will wait for confirmation, a bounce and I can see us head for the upper trend...
Bitcoin is currently hitting resistance at the $34440 horizontal white line and also the white descending trend line.
A break above this line and I see btc retesting $40000 and then ath.
I will wait for confirmation on the 4hr.
Stay patient and always wait for confirmation.
Stay safe trading
From our previous analysis we expected btc to break down from its descending triangle and below $30000, $28500 to be exact.
I shorted this perfectly with our target reached almost to the T.
(Please look at our previous post on bitcoin)
I hope you all took the trade and congrats if you did.
I also posted that if btc hit $29000 I will be buying the dip, target...