bitcoins bigger picture.Lots of people are projecting for us to go sub 20k
Let's talk about why i don't think that's going to happen. In the history of Bitcoin, it has never, not once surpassed it's previous bull run high, as that would completely invalidate everything. Therefore, this is my primary longer term outlook on this coin, and in my opinion, the highest probability as of right now
If we do take out the previous high (19764.51), in my honest opinion, i think it'll be game over for crypto.
ps. bookmark this post, and let's talk about it in the future.
Xbt
Bitcoin Next move $50000 or $29100 ...?#BTCUSDT Update:-
#BTC currently trading at $34600
And now again trying to breakout strong resistance $35300
Hope this time break out.
If breakout this time then my Target will be $50000
Otherwise ready to $29100
But Keep in mind below $29000 #BTC will entered in Very bearish zone.
Keep an eye on BTC price.
Support:- $33300/$29100
Resistance:- $35300/$45600/$49700
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Bitcoin (BTC) • It's all about volumesIn this video I do the normal routine. Talk trough the trends, volumes, some technical levels based on price, FTX and Deribit Futures, Perpetual Swaps v Spot Basis, Funding Rates, Open Interest, Liquidations, Bitfinex Long/Short Ratios and volumes on CME and BAKKT Futures forward contracts.
More reasons to be bullish than to be bearish at the moment but at the end of the day... the trend is you friend.
Now is time to pay attention to what is going on in the lower timeframes as it will affect the Daily and push the weekly/bi-weekly out of bearish waters. Breaking the 36-37k is particularly important.
my primary btc countlet's consider for a moment that we're in a 1-2 1-2 formation down here.
that would put our first w3 target at 38~39k
second w3 target would be at 44~45k.
w5 target = 52k
ps. this is one of many scenarios that i am seeing right now, so take this as you will. i am not bearish, nor bullish anymore, merely neutral until we figure out what is going on.,
Bitcoin Grand Cycle Ewt Analysisfrom the beginning of time, until today, btc has surprised us all.
that being said, let's talk about what i'm seeing here.
wave 5's tend to end in a nice wedge, or an ending diagonal kinda formation.
the wedge we're currently in is reminiscent of this potential scenario.
we're currently at a critical point in my opinion, and this wedge must hold, otherwise things will get messy very quickly.
this is one of many scenarios that i am seeing, and i am happy to share them all with you guys.
ps. i am not taking anymore crypto trades for awhile, until we get a concrete direction.
"the unpopular opinion"i posted this idea way back in march:
and i just wanted to touch base regarding this outlook, and how we would potentially get down to the said target.
this isn't my primary count, but it was the first one i had ever seen while we were at the highs.
take this as you will, and understand that there are so many possible scenarios, that the only possible way to figure out what happens next is to have immerse patience, and to allow for whatever moves to unfold - before confirming any single bias.
i am not bearish, i am not bullish - i am neutral as of today, and i will not post another outlook until we have some stronger conviction and direction in the markets.
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have a blessed monday, and may you attract infinite abundance into your world ⭐
🐋 Bitcoin Prepare for Buy 04 July 2021 🤨Price of bitcoin sloping in range further. Bitcoin went up today for +2.33%, which is in regular deviation.
Looks like price don’t want escape this price range for some reason. Price stays in tight bound of 37000 and 32000. This zone is not comfortable for trading, but it's creating a lot of opportunities for scalpers and daytraders. Sweet spot for whale feeding.
I am looking forward next days to see another dipping in and pullback towards selling zone.
Further buys will be revealed in upcoming updates.
Don’t underestimate the size of the real whale out there. It might chew everything on its way.
stay safe
Best regards
Artem Shevelev
BTC SHORT IDEABTC SHORT IDEA. WE SHOULD ALL BE IN OUR BTC SHORT BY NOW. THESE ARE THE 3 MAIN LEVELS I EXPECT BTC TO TOUCH BEFORE CONTINUATION UP. I WILL BE HEDGING ON EACH PT AREA AS I STILL EXPECT SOME SORT OF BOUNCE FROM WHERE PROFIT ON SHORTS IS TAKEN. I WILL BE CLOSING ALL MY SHORTS AROUND THE 3RD PT AREA AND HEAVILY ENTERING LONG POSITIONS. STICK TO WEEKLY AND MONTHLY TIME FRAME AND YOU CAN NEVER GO WRONG. ENJOY!
BTC's Short-term Trend Is Weak, The Market May Continue To FallIt is reported that Maxine Waters, chairman of the U.S. House of Representatives Financial Services Committee, said at a hearing on cryptocurrency by the Supervision and Investigation Subcommittee that the committee has begun a thorough investigation of the crypto market. When trying to better regulate cryptocurrencies (including cryptocurrency issuers, exchanges, and investments), regulators and Congress will face many challenges. The committee not only makes this market with low regulatory limits more transparent but also ensures that protective measures are in place. At present, it has begun a policy review of this market.
Back to the market, Bitcoin continued to decline in the short term, falling below the support of $34,000. The short-term correction is strong and the trend is weak. The support level could be focused on the $32,500 line. If the price breaks, it will continue to fall; if it does not break, the market may rebound. The upper resistance level could be focused on the $36,500 line.
Bitcoin is Bullish. BITMEX:XBT Since the complete Crypto meltdown MSTR has outperformed Bitcoin off the lows.
Saylor announced that MSTR has bought another $500 million worth of Bitcoin and also filed to sell up to $1 billion worth of MSTR to fund more Bitcoin purchases. MSTR now holds around 110,000 Bitcoins. Many institutions have expressed interest in Bitcoin exposure which carries great risk for them to custody the Bitcoin themselves.
Being that MSTR is basically a Bitcoin holding company it seems that institutions are buying the Bitcoin dip.
To keep it simple..... Number go up.