SonicDeejay

BitCoin BTC/USD (Good Hedge About Reckless Money Printing?)

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
View on BitCoin BTC /USD (5 Jan 2021)

It was in the parabolic mode and it had a strong pull back.

Now it shall go in the sideway swing fashion and overall it is still under the bullish pressure.

26.6K & 30K will be a good support.

Let's see.



DYODD, all the best and read the disclaimer too.
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Comment: View on BitCoin BTC/USD (11 Jan 2021)

BTC is take a breather, rising in the "super parabolic" fashion for the pat 2 weeks.

It moved from Parabolic to Super Parabolic in 21 Dec 2020. So, it still to stay above the trend line of it.


So we can say, BTC is still under the SUPER PARBOLIC trend.


But for the recent days, the maket seem to be topping out (or can't manage to break above $42,000) and start to show bear momentum,



I expect we may see some pull back down to $34,000 (or) $31,000 first. If you wanna ride the main trend, it is better to stand outside for now.



DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!

Comment: Quick Update on BitCoin BTC/USD (11 Jan 2021)

Our first expected level of 34,000 is hit.

It may bounce up abit back up but I believe the selling is not done yet.

It shall go back to retest the 3,0000~31,000 region soon.

Comment: Quick Update on BitCoin BTC/USD (12 Jan 2021)

Did you followed? Nice profit.
Both of our expected TPs are hit. ($34,000 and $31,000)

Now, the investors are spooked. Please people funny things when they are scared.

I expect,the big turn around is unlikely, it shall retest $30,000 ~$31,000 again.

Comment: View on BitCoin BTC/USD (14 Jan 2021)

A strong Action is met with the strong reaction right now.

I am expecting Side Way swing for now, so BULL nor BEAR will not win.

Anyway, BULLs have chance as long as the 30000-31000 region hold.



DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!

Comment: View on BitCoin BTC/USD (15 Jan 2021)

A strong Action is met with the strong reaction right now.

I am expecting Side Way swing for now, so BULL nor BEAR will not win.

Anyway, BULLs have chance as long as the 30000-31000 region hold. and Bears will have chance as long as 40,000~42,000 regions hold.

If you ask me, the price will likely to retest the lower band soon.



DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!

Comment: View on BitCoin BTC/USD (15 Jan 2021)

It is going in a way that we expected. It is better not to be on the buy side.

$30,000-$31,000 will be good support.

Comment: View on BitCoin BTC/USD (18 Jan 2021)

The whole market, including BTC is waiting for the US presidential saga to over with.
Just keep in mind that anything can happen from now until then.


BTC price is now using $34,500 region as a temp support. but once it is broken down again, I expect it shall retest $30,000 to $31,000 region.

DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!

Comment: View on BitCoin BTC/USD (21 Jan 2021)

Follow Our Generally Bearish Bias on BTC.

It is not beacuase of the "bullish" of the USD. It is something deeper than that.

The tether fueled rally of the past 3 months "may" soon see the rude awakening as the regulators step in.


My suggestion is " DO not buy in now, you can get it at the cheaper price"

Comment: View on Crypto BitCoin BTC/USD (24 Jan 2021)

We had a nice 20% disc sale of the BTC, on 22 Jan 2021.

Currently, BTC is not ready for an all out sale mode as it seem to have found some serious buy near $29,000 region.

I expect some sideway swings for now. It could swing around $29K to $38K region. So, do not take any aggressive positions in any direction. Overall, I am still expecting, it shall go lower, slowly & eventually.

Comment: View on BitCoin BTC/USD (26 Jan 2021)


BTC fails to break the important region of 34.5K~35K yesterday and it showed the lack of bullish strength.

Now it is back to rangy zone while trapping in the bullish crypto traders yesterday. So, it may be back down to 30k or lower to whipped the newly trapped traders out.

It may take some time but 28K price shall be the nearest goal.


DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!

Comment: View on Crypto BitCoin BTC/USD (27 Jan 2021)


Well, Well, Well.

We have FED rate stuff tonight and it can be a trigger.

I expect, btc to fall back to 28k~29k region soon as long as 34k (red line) resists the price well.

Comment: View on BitCoin BTC/USD (30 Jan 2021)


We have been on the dot on our BTC analysis recently.

I'll be moving into NEUTRAL mode for now.

Currently it is trying hard to pound the resistant zone of $35,000 region and $37,500 could be retest again.

The market have to break $30,000 again strong to turn into Bearishness. Let's see. I'd closed all my BTC shorts for now.


Comment: Update On BTC (8 Feb 2021)

We closed all our BTC shorts with profits region in 30 Jan and it was a good move.
BTC is not really ready for a major sell down yet, at least for now.

Congrats if you heed our warning on 30 Jan 2021, on the potential reversal.
Comment: View on BitCoin BTC/USD (15 Feb 2021)

Nice Run up on BTC we had.
Now, I expect 50K region is going to some strong resistant.

So, it is time for your to take some profit at the moment.

Overall trend is still BULLISH but I suppose it is about time for a healthy pull back.

46.3K and 42.2K levels are the strong supports.

Comment: View on BitCoin BTC/USD (23 Feb 2021)


Follow our BTC analysis on 15 Feb.

We had a nice strong sell down toward 46.3K/42.2K level as expected and currently, the price is seriously trying to break the support of 48.6K region


Now 50K~52.5K will become the resistant level. As long as that mentioned resistant region holds, we can have further bearish pressure for now. 40K shall be next.


Comments

Thanks again Kyaw!..BTC to the moon !..1st Elon! ..Apple buying next!
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SonicDeejay BusinessBeyond
@BusinessBeyond, Cool. Pls check my update too.
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