Bitcoin continues to rally from the bottom of 24920 to 27137 and is heading towards 28650! This is going to happen; the bull market is absolutely awesome, and profits are huge!
If you are following me, I have been bullish almost from the bottom of the last big dump while the majority is still shorting Bitcoin on futures, which can also be seen in the negative funding rate on exchanges.
I hope you guys are enjoying this bullishness as much as I do, and I wish you massive profits!
From a technical perspective, the price of Bitcoin is moving in the ascending parallel channel on the 4H chart and will touch the trendline in the first week of October! This is also a strong resistance because of the 1:1 Fibonacci extension from wave (1) -> wave (2).
October, November, and December are statistically bullish months for Bitcoin, so we should expect an uptrend this season. Summer is usually boring, and September is usually bearish.
I see bullishness on Ethereum and altcoins, which is another good sign for the crypto market. DXY is pretty bullish, while Bitcoin is bullish as well, another strong sign!
What about gold and silver? These assets are going down, while Bitcoin is also rising, making a bullish divergence another good sign!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
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Bitcoin is pumping, October starts very beautifully, and we want to be greedy. Now we need to look at the BTC.D. (Bitcoin Dominance) chart. My analysis suggests that Bitcoin should reach 60% dominance this year, so do not expect any big alt-season yet.
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Bitcoin hit the top of the parallel channel successfully, which was indeed a strong resistance. Of course we are bullish; our next stop is the 0.618 FIB retracement of the previous wave!
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It's always important to take a look at the weekly candles. How did the previous weekly candle look? It's a strong green bullish engulfing candle, so this week we should continue in the uptrend!
Your forecasts continue to be all over the place. One day, it is all "gloom and doom"; the other, it is to "the moon." I have nothing positive to say, especially when, with such forecasts, you sell premium signals and books for more than $9,000. That's very shameful.
Tolberti
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@Tradersweekly, Follow my latest updates, especially this year - I am usually right about my predictions.
@Tradersweekly, Yep. There's nothing special about these analyses; these setups simply display a lack of experience and knowledge. This guy has just been lucky with his analysis being chosen by editors' picks, and from there, he has gained a lot of active followers. Most of the description is not so informative, and most of his arguments are weak and need a few critical questions before his lack of knowledge is exposed. As stated in his previous post, “charging almost 10k seems unreasonable. It is unlikely that anyone in their right mind would purchase such a thing. It may be a ploy to deceive people into believing that you possess exclusive knowledge, and to gain access to that information, they must pay 10k. However, no one would be willing to pay that amount, but it appears impressive on your website, creating the illusion that you are a crypto expert.” Tradingview should carefully review the analyses by this guy before selecting them as an editor's pick. He's just gaining followers without providing any real arguments...
Tolberti
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@MBM_Crypto, I was in Editor Pick's section only 1x or 2x in my life, so clearly the things you wrote are false. That's because I am a person who is very specific and unique...
RocketBomb
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@Tolberti Without entering into your discussion, I’ll just leave my analysis here 😃
Tolberti
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@RocketBomb, Sure, Looks good to me! Thanks for sharing.
SDlektric
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@Tradersweekly, So you don't believe that when you read his 9.900$ book you will "reduce aging, regenerate, and heal yourself and others. Learn how to dramatically increase the performance of your body, mind, and spirit." ??
I wonder if he ever sold a single copy - and if he did - I petty whoever was dumb enough to waste money.