BTC looking good.. here the levels to watch
the staircase to 100k
stack those sats and do not be scared.. we have seen this over and over again.
stack those sats and do not be scared.. we have seen this over and over again.
Comment:
Head n Shoulder spotted.. i expect us to visit the lows again after reaching this target
Cryptology, :
to me it looks good.. we have higher highs and higher lows on the daily
its is not hard to see a bullish trend here..
only problem is that oscillators are overheated and moving averages need time to catch up. that is the reason we range sideways currently between the 50k and the 64k
i don’t think it goes below 50k.. if it does yes I am gonna exit the market as that would be a lower low on the daily which means trend is changing to bearish
as it looks for now.. bitcoin is still in a bullish uptrend. and i think before this changes we need to see one last parabolic move up.. towards 80-100k how can we do this you ask? well we need a lot of shorts stacking. how do we fool people into shorts? by make making the market look very bad and bearish to make majority believe we going down.. once we have that bearish fear sentiment we will be loading up on lots of bottom shorters around the current level all the way down to 50k.. once majority thinks we drop below 50k market will go up.. imo..
big shorts will start closing which makes price pump.. that will inevitably lead to bottom shorters getting liquidated creating a short squeeze accelerating to the upside.. plus everyone else will fomo in and we might have enough fuel to move higher.. to liquidate the big shorts at the top and go parabolic
but as long as 50k support holds and we still see these massive wicks forming to the downside its good you can try catch some low bids.. stop loss below 50k..
we have massive wicks to the downside meeaning there is buy pressure below current price and 50k is solid support
downside to 50 k can be tested several times.. and each time we load up more bottom shorters and trap them
we definitely int he buy-zone.. and further dips are for buying in my humble opinion
looking at oscillators you can see that the rsi made lower highs each time btc made a higher high.. thats bearish divergence.. each time it took a hit.. each time the rsi went lower
thats the reason we been ranging up here so long.. ranging this long below resistance is a good healthy and bullish sign
now that the RSI is almost reset and at 40 currently the end of this range might be near.. yet the RSI could wanna drop to 30 to reset completely.. this can be done by more sideways and fake outs to the downside
as u can see on the right the green lines.. show already bullish divergence in the making
funding rate favours the bulls already
the CME chart is the most important for bitcoin IMO
you can see much more in this chart.. and you can clearly see bearish divergence on all major oscillators.. RSI, STOCH and MACD.. all have lower highs each time price made a higher high
also notice the gap at 23-26k
i think that is where we go after we have reached 80-100k top
for everyone not into crypto yet i would recommend to wait for that make sure to have money ready for that event. if u enter now u might still make money but u might do same mistake as i did when i got in.. doubled my money did not sell and then watch it go down to hell..
never all in.. dollar cost average is the best way.. for non traders i recommend to set up a DCA strategy .. its proven to be the best.. every month put some money in bitcoin no matter the price.. this way you can secure your future.. thinking longterm.. see it as ur pension fund