🅱️ I Will Never Write Again, I Will Stop Writing Forever If...

Bitcoin will go up and hit a new high in August 2023, that's my prediction. The Altcoins market will follow and also grow. If this doesn't happen I will stop writing forever and make everybody happy, or sad?

Would you like me to stop writing?
Do you believe Bitcoin will grow this month, truly?

I mean, how long can it take to leave/write a comment sharing your view?

Will Bitcoin grow in August 2023 or not?

What target do you expect Bitcoin to hit this or next month?
Can be bullish or bearish, please share.

Remember we welcome all points of view, all perspectives, the more the better.

By considering different opinions we can have a better view of the market.

You know mine, what about yours?

Namaste.

Comment:

🅱️ IS BITCOIN DEAD?

How do we know that Bitcoin is not dying right now, how do we know?

What is happening, why is Bitcoin crashing?
I thought we were supposed to go up!

At this rate, is there really any future?
Where do you see Bitcoin in 10 years from now?
Will Bitcoin even be here in 10 years, 2033?

Please tell me...

Where do you see Bitcoin in 5 years from now?
Still too much? What about 3 years?

How is Bitcoin likely to behave next year, 2024?

I am losing my mind right now, I thought Bitcoin was supposed to grow but instead we see challenges, problems, down, down, down... Please help!

Is Bitcoin Dead?

Share in the comments below!

Namaste.

Comment:

I am seeing some really, really positive signs... Strong bullish signals not seen in years, can you spot them?

Comment:

🅱️ Bitcoin 😮‍💨 | 100% BULLISH

Sorry for the panic but it caught me by surprise, I never thought it even remotely possible that Bitcoin could go through such a major and devastating crash in such a short period of time, without notice... My God. But everything that has a beginning must also have an end and this is the end of the panic for me, what about you?

Looking at this daily timeframe chart for Bitcoin, BTCUSD, we can see that there is absolutely no reason to panic, in fact, if one looks closer we can see that Bitcoin right now is really, really strong, the current price trades above $20,000 or I should say $27,000 or even $27,500 even though we have a short-term lower low.

The RSI hit the lowest ever in the 1H and 4H timeframes which always work as a reversal signal of some sort... One final but interesting signal, look at the trading volume, a "major drop" but no bear volume can be seen on this chart.

Compare the current volume to November 2022, January 2023 or mid-March and see what I mean...

What I mean, regardless of the short-term, we can expect a very strong price increase... There is always a drop before the rise...

Don't you agree?

Namaste.

Comment:

Bitcoin daily RSI now oversold:

✔️ The last time the daily RSI was oversold was in March 2023 before a bull rally.
✔️ Before this date the BTCUSD daily RSI went oversold again in early November 2022, what followed was a major rally still ongoing.

Bitcoin is now trading at $27,655, up 78% from its November 2022 low.

The current price represents a minor correction of only ~13.6% from 13-July price peak. Some people are already calling for the death of Bitcoin, while Bitcoin continue being ULTRA-STRONG.

Bitcoin is undergoing a minor correction within a major bullish wave that started last year... Basics people... Basics.

Bitcoin will continue going up!

All the people calling for a drop to $11,000 at $15,600 got it wrong.
These same people were calling for a drop at $19,000, $23,000, $25,000, $30,000 and have been bearish forever being always wrong.

The truth is that Bitcoin is bullish, the proof is in the number.
The undeniable truth is on the chart.

Those bearish will lose again.
Bitcoin has one more leg up before a major long-term correction takes place.

I know you agree... Thanks a lot for your amazing support.
You are smart because you've been bullish since $15,600 all the way to $32K and know that there is more to come... Do you have any doubts?

Leave a comment, comments cannot be deleted... Time will tell who is right and who is wrong.

Higher highs and higher lows. FOREVER!

Namaste.

Comment:

This is the 4H RSI for Bitcoin

Lower than even November 2022 (March 2023 as well).
The difference is that back in Nov. the price was literally hitting bottom, multi-year low.
The RSI being this low now is a major bullish signal.

All the weak hands are being removed.
The bounce that will follow will be extremely bullish, start preparing.

Comment:

Here is the daily RSI for Bitcoin.
We are looking back to March 2020 for the lowest level but there was another instance back in November 2018.

Once Bitcoin hits oversold on the Daily RSI it recovers and goes up.

We are seeing the lowest level since March 2020 currently.
This is great news and signals that Bitcoin is getting ready for the next wave up.

Comment:

Of course we are still bullish.

This is the weekly chart:

Think March 2023, see how the candle/session ended.

Look at the volume.

To be fair and truthful, it is still early so the daily close and weekly close are important but this is likely the end of it, if not, we continue with a 100% bullish bias. This is not based on my opinion or belief but technically speaking, looking at the chart.

This is a correction/shakeout.
It happened just a few months ago and Bitcoin ended moving higher.

If it continue lower the next peak can be delayed but as it is now nothing changes for us. Bitcoin still trading within a higher low which makes this a healthy correction.

I hope you understand.

Namaste.

Comment:

March 2023 correction -22% followed by the strongest bounce in year.

August 2023 correction so far -20%...

Bitcoin can correct between 15 and 30% within a correction as normal market behaviour. Anybody that has been around or can look at the charts know this to be true.

It is still early.
If it keeps going lower nothing happens, it will recover sooner than you expect.

I would be focusing on waiting for things to settle to find the best opportunity and prepare for the next wave.

Comment:

Total Liquidations All Crypto 24h = $1.02B

Long ($829.79M)
Short ($193.69M)
_______

Total Liquidations Bitcoin 24h = $490.64M

Long ($370.67M)
Short ($119.97M)

Comment:

Retraces and corrections are a great opportunity to buy-in, rebuy and reload, specially Bitcoin if you missed the lower prices.

The Altcoins are mostly good right now and many are trading within a higher low compared to early/mid June.

Fortune favors the smart, the patience, the brave.

Which one are you?
Can you see an opportunity when it shows up?

Here is the 4H chart, notice the previous session closing as a Doji and also notice the volume...

Comment:

To answer some of your questions relating the next All-Time High, it won't happen this year, here is how it will work out based my calculations.

✅ 2023 has been declared recovery year.
This is the year Bitcoin recovered from $16,000 and reached ~$40,000 (more or less).

✅ 2024 has been declared bull-run year.
This is the year when Bitcoin will produce a major bull-run. A full blown bull market. (After the halving)

✅ 2025 has been declared the year of the new All-Time High.
This year Bitcoin will produce a new All-Time High ending in a blow off top, similar to 2017.

Comment:

I will keep my promise, I will never write about Bitcoin again if prices do not move to $35,000 in August 2023, but we have to wait for the month to be over and the month isn't over.

Patience is key.

Thanks a lot for your continued support.

Namaste.

Comment:

🅱️ DANGER! BITCOIN CME GAP AT $20,000, WHAT DOES IT MEAN?

There is a gap on the CME Futures trading exchange in the price range of 20,350/21,085. Will Bitcoin drop to this level?

First chart:

Not likely. If Bitcoin is to continue dropping support can be found at 24,575 or MA200 (black line on the chart). That is if it continues dropping.

Second chart:

There is also a gap in between 34,000 and 35,000, which one will hit first?

We are aiming up.

100% bullish!

Namaste.

Comment:

It will recover and it will recover sooner than you can imagine and here is some proof. When in doubt, look around.

Bitcoin is big and whatever is going to happen can't be easily seen/revealed through the Bitcoin chart but, with thousands of Altcoins, some will tell you exactly what is going on.

Here I have for you two charts, FetchAI and Bitcoin Cash... They are both looking good but mainly FET is already going up... Bitcoin Cash has yet to recover but notice the strong higher low.

✴️ Bitcoin Cash After The Crash | 100% Bullish

✴️ FetchAI Looks Good & Ready To Grow! (Easy 130% Or More)

✳️ FetchAI Goes Bullish (120% Potential Mapped)

I will share more Altcoins that are already showing reversal signals... But only time will tell if Bitcoin moves to $3,000 or ends up in a higher low and resumes growing before the major drawn-out correction to approach the halving. The full blown bull-market happens in 2024. New ATH in 2025.

Thanks a lot for your support.

By the way, you cannot ignore, remove or leave out emotions when trading, those trading are humans, it is us, emotions are part of human nature. A trader needs to learn to understand or control his/her emotions in order to be successful in this game. Ignoring your emotions will turn you into a robot and everybody knows robots can't trade.

If you are trading, you know how hard it is to buy at the right time and sell at the right time, writing comments is easy. We need a strong mind, a stable and healthy lifestyle, a plan, research, study and all the rest, so that our emotions won't get in the way.

Not that we have to ignore them but we have to understand them, that's how you win in this game.

Trading is psychological.

If you lose it is your own fault, if you win it is because you did what was needed to win. Nobody is responsible for your actions or for your results.

You are a special, divine human being and regardless of what happens, good or bad, you will always deserve the best!

Namaste.

Comment:

Bitcoin and the Cryptocurrency market will fully detach from the stock market, at the right time.

Bitcoin and the Cryptocurrency market will work as a safe haven for the upcoming financial crisis, it will be only place left to go to for some financial security.

Bitcoin is super-strong above $20,000. Mega-strong above $23,000. Ultra-strong above $25,000.

We continue 100% bullish!

Comment:

I see the same question being asked over and over in the comments section, it seems the trolls do not read the updates.

I will keep my promise if Bitcoin does not hit $35,000 in August 2023.
The month is not yet over... The month goes from 1st August through 31st August, even a troll should know this.

Comment:

🅱️ Bitcoin On The Weekly Timeframe

We have just one day left, 24 hours, before the weekly session closes and this is the most important close currently because of the flash crash.

Let's start with the chart:

Good news first:

1) EMA200 (purple line on the chart) is working as support. This same level held back in June.

2) Volume is relatively low.

3) We are still within a higher low.

These signals are really good but, this weekly candle being almost full red is not good. We need prices a bit higher on the close tomorrow or else our bias weakens. We need a close above $27,000 or even $27,500 and that would be really good as the weekly candle would end with a long lower wick.

Overall, we are just witnessing sideways since March as we have the same upper and lower boundaries.

Looking at it from a monthly perspective, the first half being negative is good as the second half can be positive.

Bad news:

If the week closes badly and next week moves lower we still have additional support, so this is still good news. This is a long-term game and there is no rush, patience is key and mandatory for the winners, gamblers and impatient players are the only ones that will lose.

If any major drop should develop this should be consider a very good opportunity to buy as much as possible with a long-term perspective in mind.

Everybody has been liquidated already so there is no fear of being liquidated again. If you can't take a loss, then you shouldn't trade.

Regardless of how we look at this, it is all 1,000% positive because of the current price, Bitcoin is trading above $25,000 and it was $15,000 last year and in early 2023.

It is normal for corrections to happen after strong growth.

Depending on the close tomorrow, I can give you more information based on the charts.

We continue bullish though and we have the support of the market.

It is inevitable, everything will grow. But we have to consider each chart/pair separately if we are looking to trade.

Thanks a lot for your comments and continued support.

If things go really bad at the end of the month, I'll unplug my keyboard and won't be writing anymore. Should be interesting... But, I doubt that the Bitcoin market wants me gone and so, it will grow.

Namaste.

Comment:

🅱️ Bitcoin Daily RSI Lowest Reading In 3.5 Years

This is another major development and works as a very strong bullish signal.

The daily RSI has now been confirmed to produce the lowest reading since March 2020, more than 3.5 years ago.

Here is the chart:

When Bitcoin becomes oversold on the daily RSI, this normal signal a bottom.

You can get another wick down, another flash/sudden shakeout with a lower low but this would only push bears to tell you "I told you so" and the RSI wouldn't hit a lower low and Bitcoin will resume higher following this move, just pointing out a potential scenario.

This is another major bullish signal and shouldn't be ignore.

If the scenario above develops, you will notice that if it happens the Altcoins will ignore Bitcoin and grow because this would be only a market move to fool the bears before additional growth. Both a bear/bull trap at the same time.

It is low probability but can happen.
What is certain is what follows...

Let me know in the comments if you have any questions.

Comment:

More Altcoins give early signal as to Bitcoin low likely in and ensuing recovery.

The whole market is linked, if Bitcoin drops, everything drops as we just saw. If Bitcoin is to continue trending lower, the Altcoins market would definitely follow but so far that is not so.

Consider the following set of Altcoins, additional proof.

XRPUSD starts to recover. (The SEC admitting the outcome of the recent lawsuit can create some bullish hype on Monday)

Fantom (FTMUSDT) prints a higher low, points up. (The analysis explains it clearly)

ARPA Token is preparing for long-term 23x. (It has been growing forever)

And finally, PowerLedger and StatusNetwork are already strong.

Specially SNT, notice the strong bullish breakout and confirmed higher low. (This is what a I see coming for the rest of the market)

The Altcoins market is saying that Bitcoin will recover. Early signals of course.

I am also looking at Solana, Ethereum Classic and Compound.
See TomoChain and RUNEUSDT as well... This is not bear market type of action!

New lows would require a bear market.
When we had the bear market, we also had the new lows all across, no doubt.
Right now many are growing, keep growing!

Namaste.

Comment:

There are many talks about "bear market", some people are even saying "continue", as if there is an ongoing bear-market.

Bitcoin hit bottom in November 2022 and has been growing strongly, peaking at more than 100% from its multi-year low.

The Altcoins are the same... Let me show you a few examples that proof there is no bear market, we are in the recovery phase (notice Ethereum bottom June 2022)...

✴️ Akash Network Grows 958% Since Nov. '22

✴️ Akropolis Is About To Confirm Long-Term Bulls! (390% Mapped)

✴️ Bluezelle Grows 255% Since June (Next 80% Target Revealed)

✴️ Step App (FITFI) Adam & Eve Pattern

More than a year growing is not a bear market, look at Tron

✴️ Tron Looking Really Good | Follow Me!

Comment:

Here is exactly what is going to happen with Bitcoin.
This Altcoin below produced 212% growth so far today alone; in a single day.

A low hit mid-June followed by a higher low in August and then boom!

This is exactly what will happen with Bitcoin.
A low hit in June followed by a higher low in August and then Boom!

Namaste.

Comment:

People, relax!

BTCUSD trading within a higher low compared to 17-Aug. This is short-term. All is good while above this level.

It can wick lower on a daily basis or weekly and still close above.

Patience is key.

All is good. Look at the Altcoins I showed you or the one in my profile, there you can see what is really going on.

Prices always drop before rising... Read this thread in full for more details.

Thanks a lot for your support.

Comment:

🅱️ THE PATH AHEAD IS UNCLEAR

What will happen next? Honestly, what do you think?

Is Bitcoin set to grow or continue lower?
I can't really say myself because lately I've been wrong so many times. Is it bad being wrong or is it a good thing? What do we understand by being wrong?

When in doubt, go back to basics! What is the chart saying?
The weekly Bitcoin chart is saying 100% up, no matter how you slice it... Let's have a look:

You see?

But why look at the chart when we can make things up.
For the sake of argument and understanding, let's visit the bearish perspective, let's look at Bitcoin from a bears point of view.

Bitcoin is crashing, the bear would say.
Ok. Is Bitcoin crashing to new lows?

The bear answers in the positive and I ask again, How is this going to play out?

Is Bitcoin going to crash to $13,000 in 1 single candle?
It is going to take a week or ten days?
Or is it going to go down long-term and print 30 weeks of continued downtrend?

If that is the case, then the bear is clearly saying that right now is the start of a new bearish impulse, now is the start of the bear market. Do you agree with this statement?

Is it really the start of a bear market?
If you look at the above chart, the only time when Bitcoin moved continually down, week after week, was in the climax of the bear market, in the year 2022.

Ever since early November 2022, we have a maximum of 2 consecutive weeks red, only once in March 2023 we saw 3 weeks red and this led to a new higher high, a 10+ months long higher high.

You know how many weeks 100% red/down/blood it would take to reach to new lows?

And how is it that in the last 9 months Bitcoin is up 66%. Not down but up.

From a low of $15,473 in November 2022, to the current price of $25,670 (66.6% up).

Looking at all this rumbling, we can all agree without a shadow of doubt that we are not in a bear market and since we are not in a bear market we cannot expect bear market type of action.

Let's not even mention the halving next year and the fact that we know pretty well what a bear market looks like. Let's forget the Altcoins that continue growing, printing new All-Time Lows and bouncing strong, this was not the case last year, the crash was long-term based and steep, right now we are seeing sideways all across with bullish breakouts and up to 3 digits, positive, growth.

I am writing all this just to say, Bitcoin is going up, regardless of the short-term.

If at anytime doubt does creep up, just remember that the current Bitcoin price is really strong.

We are not done yet, you can expect additional growth.

Even if there is another crash, say the Binance crash as an example, it would recover fast and strong.

Think what happened with FTX last year, yes it crashed but it marked the bear market low.

If such scenario repeats this day, it would signal the end of the correction and the resumption of the bullish wave.

My money is on the upside short-, mid- and long-term.
Bitcoin has always been growing and will continue to grow.

Don't you agree?

Thanks again for taking the time to read and comment.
It is truly appreciated your continued support.

It has been a long ride, an amazing journey and together we've grown.

If Bitcoin doesn't hit $35,000 in August, it is likely that I will be gone.
We have to wait and see though.

Namaste.

Comment:

Classic, huge bullish divergence shows up on the short-term timeframe (BTCUSD 1H)

Comment:

I don't know if I need to say it as it is obvious but, the same Altcoins I mentioned, continue looking good. See SafePal for example, which will move like THORChain (RUNE) by the way.

SFPUSDT

SPFBTC

These things cannot go up and won't go up if Bitcoin is going to crash. The fact that they are bullish and growing is a positive signal for Bitcoin.

Then we have the 4H timeframe, same bullish divergence as in 1H and volume + a green close in a few minutes...

These are early bottom/low signals.

I hope that helps.

Comment:

🅱️ BITCOIN IS THE BIGGEST CRYPTO: #1

Everybody can look at the Bitcoin chart and try to see what is coming to the market. It would be highly troublesome for some people if you could look at BTCUSD and know easily what will happen next, so Bitcoin is always hard to read but this isn't the case with the Altcoins.

When in doubt, look around; This is another one of my phrases that can help you with your technical analysis.

Let's see what Shiba Inu has to say:

1) Shib hit a low mid-June.
2) Shib hit a strong higher low in August.
3) Shib is now strongly bullish and pointing upwards.

This pattern is repeated across many Altcoins and some are already growing strong at #3. We saw some Altcoins grow literally 200% within a single day as #3 and many two digits.

Here is the chart for Shiba Inu:

Notice how easy we can see here the bullish bias but surely Shib is not #1 and it has less attention compared to Bitcoin.

If you look at Unifi Protocol DAO (UNFIUSD), same pattern:

1) Low mid-June.
2) Higher low in August.
3) New bullish wave.

This one is showing the highest volume ever now as it starts to grow:

The same is true for Zebec Protocol, the highest volume ever after its August low:

This is not bear market type of action, these are strongly bullish signals.
Finally TrueFi (TRUBTC) is again repeating the exact same pattern:

This is what I see coming for Bitcoin.

1) Bitcoin hit a low mid-June.
2) Bitcoin hit a higher low in August.
3) Bitcoin is very likely to resume growing and produce a bullish wave next.

It is hard to see everything growing while Bitcoin goes down.
When Bitcoin dropped, everything dropped;
When Bitcoin goes up, everything related to Cryptocurrency does the same.

Now, after the flash crash some Altcoins become "desperate" and move first, clearly revealing what is coming to the rest of the market...

Do you agree with this analysis?

Namaste.

Comment:

A major event is about to take place 28-August.

It can be a second flash crash but it can also be a positive.
Still no certain as new information is coming in... We will wait and publish a new trade idea with the details but be prepared, you've been warned.

It can something as the much anticipated Binance crash or the SEC being ordered to drop one of its lawsuits by one of the courts, or it can be something political completely unrelated to Cryptocurrency and yet it affects the Cryptocurrency market, like new Covid restrictions.

It will be a major event but remember, we are super strong/bullish above $20K.

Stay strong.
There is light at the end of the tunnel.

Namaste.

Comment:

Not much change since my last update 5 days ago.
Below you can find a full analysis on the short-term timeframe, the chart structure/market conditions stay the same...

🅱️ Bitcoin Short-Term 4H Interval Update

Comment:

Can you imagine if it gets to $35,000 before the month ends?

😱

Comment:

"Grayscale Investments won a federal court ruling that will allow it to start the first Bitcoin exchange-traded fund in the U.S. Coinbase Global
COIN
shares jumped 10% on the news, while Grayscale Bitcoin Trust
GBTC
rose 3.3%.

A three-judge appeals panel on Tuesday reversed a decision by the U.S. Securities and Exchange Commission that blocked the ETF, according to the court opinion.

"The Commission failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP. In the absence of a coherent explanation, this unlike regulatory treatment of like products is unlawful. We therefore grant Grayscale’s petition for review and vacate the Commission’s order," the judges wrotei n the opinion.

Developing story ..."

Source: www.tradingview.com/...-etf-coinbase-jumps/

Trade closed manually:

This prediction did not come true.

Bitcoin never hit $35,000 in August, so I was wrong.
But this is only a prediction and it failed, something that can happen, but we continue aiming up.

I've decided to continue writing.
Check the latest trade idea about Bitcoin by visiting my profile now.

Thanks a lot for your support.

Namaste.