Imagine shorting Bitcoin here at 30kImagine shorting Bitcoin here after 55% dip because your stupid friends are in panic and they told you it's a scam. Close the charts and come back after few months at new ath and watch how they are fomo all in with everything what they have. Always same story, I refuse to sell here, fk you bears.
BLX trade ideas
Bitcoin long-term view - another touch point on panic line 🔴Bitcoin long-term view - another touch point on panic line 🔴
A BTC close above $25,000 and the bottom support line 🔵 would be a huge bullish signal IMO
What do you think dear Crypto Nation?
Comment & FOLLOW appreciated
*not financial advice
do your own research before investing
BTC- Macro Perspective pt 3 (2022)Current day, we see something very similar playing out. We have created a bullish divergence in price vs our MACD. We will have the official cross tomorrow (Sep 11) from the 50 MA (green) crossing the 100MA (red). If we repeat history then over the next roughly 91 days we could see a retest of our 50 MA. This should put it around $31,000-32,000 by late November/ early December. That would be the same 50% rally from the current price.
My take. We still have not broken the low ($17,600) therefore there is only one place to go (up). I think the CPI numbers (Sep 13) will be the most important to determine if we will break that 17.6k low or if we can maintain this uptrend. If this trend I have outlined is to repeat itself then my guess is we will have a fakeout move down either before or after the CPI numbers are released and then start the uptrend from there (Similar to the CPI numbers in July/ Flushed from $20.1k down to $18.9k then immediately back up to $24.5k). If we do break our low of $17.6k then we will be creating a whole different bear market compared to previous cycles.
BTC - Macro Perspective pt 2 (2019)In 2019, we still something similar to 2015. BTC had a bullish divergence form with price vs the MACD. We had our 50 (green) cross our 100 (red) which was close to the low before a 50% rally back to the 50 MA. Then we had a fakeout "bullmarket" start by facing turmoil at our 100MA. Then, the true bullmarket started when we broke back above our 50MA and held it as support.
BTC- Macro perspective pt 1 (2015)Here we will be analyzing the last 3 bear markets and look for similarities. In 2015 I have the 50 (green) and 100 (red) MA pulled up. Whenever our 50 crossed below our 100 it marked the bottom before a 45% rally to back to our 50 MA (green). We can also see we formed a bullish divergence in price vs the MACD.
Update on Bitcoin - Stoch RSI ❌cross below 1.00 (smoothD) Update on Bitcoin - Stoch RSI ❌cross below 1.00 (smoothD)
Event only happened three times in BTC history
1. ❌
November 2011 - smD 0.25
2. ❌
December 2018 - smD 0.65
3. ❌
July 2022 - smD 0.76
Massive gains after 1. & 2. ❌cross Crypto Nation
Comment & Follow appreciated
*not financial advice
do your own research before investing
Macro Bitcoin channelWatching this Bitcoin macro channel very closely. In the coming months expect a touch of the bottom of the channel. Worst case scenario we get a 20% wick below the bottom of channel. Holding channel support plus a break of the long term RSI downtrend on 3W will be a mega buy IMO.
BTC - long termHere we have the only 2 curvy supports that I take into account - We are now sitting on one of them which suggest we could bounce just to show some resistance - therefore it is wise to DCA here for at least a small bounce. The other support is my all-time curvy support - Respected by the 2012 and 2015 bear market and also by the Covid Crash - going lower will change history as we know it - and potentially the future of Crypto as we know it.
Therefore my plan now is to DCA where we are, next crutial level sits at $13k-$14k.
Sadly I have my expectations of hitting it lower, but I must see the fundamentals leading the price that low to be able to judge them - for now we only focus on those 2 areas.
Cheers!
Bitcoin i'm Back Hey I'm back any welcome ?
look everything is obvious BTC is making a Bear Flag we can retest at 22,500$ and then go Lower 14k 13k 12k
if we break above we'll have new discuss
PS : IF BTC GO LOWER READ THIS !!!
and we're in BEAR MARKET and World AT WAR Economy of the world is at ledge OLD System and It's in Race at the same time The ARK mounts everytime Win so this is your last Chance if you dont bitcoin now or later at lower Levels cause after that our first target is 300k.
BTC BOTTOM at 11,250Bullish shark harmonic pattern, with an AB=CD x 1.618 inside the ABCD leg of the Bullish shark.
The Bullish shark points to 0.886 fib of COVID crash to top (69k) which is 11,250.
The AB=CD x 1.618 of the ABCD legs is also 11,250.
Sorry guys, it aint going any lower than that :))
TP1 = 40k
TP2 = 46.9k
TP3 = 104k
If 47k breaks, i would look to LONG to 104k.