0:07 Hey there, folks! Happy Monday and here's to a great week ahead. So, let's dive right into the Bitcoin rollercoaster.
0:14 Bitcoin took a wild ride, soaring to 30,000 and beyond, hitting 30,200 in the spot market and 30,600 in futures. Why? Well, some fake news claimed the SEC approved an iShares Bitcoin spot ETF. But, hold on, BlackRock stepped in and said it's not true. The price quickly corrected.
0:47 Now, let's look at the chart, using the eight-minute chart due to the crazy volatility. I've been advocating for long positions since around 26,600, and it paid off with a climb to over 27,600, now serving as support.
1:33 We're currently long, with support around 27,600. Our sights are set on revisiting 28,900 and eventually hitting 31,000.
1:50 Also, don't forget the impact of banking issues on Bitcoin. Remember when banks have troubles? Bitcoin can shine as a safe haven. Check out the link I shared for more info.
3:19 On the geopolitical front, we've got a lot going on with Ukraine, Israel, Gaza, and Palestine. Let's hope for peace and coexistence among humanity. Bitcoin, with its trustless nature, could play a role.
4:32 Bitcoin is trustless, and that's crucial. Now, let's switch gears to indices, which have been on the rise, and oil, influenced by geopolitical factors.
5:17 Oil has been an interesting ride, with great trades. We're currently short at $88, expecting some sideways movement.
6:41 Geopolitics matter. We had a perfect long entry due to geopolitical factors. $88 remains a key level for us.
7:03 To sum it up, Bitcoin is our top pick. We're eyeing 29,000 and then 31,000 as potential targets. Stay tuned for more updates as Bitcoin's safe haven qualities continue to shine.
7:40 That's a wrap for today. Take care, everyone!
Thanks for sharing your view of technical analysis)
MyCryptoParadise_Nathan
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Thank you for this insightful analysis and update.
SwallowPremium
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Great analysis as always, thanks for sharing!
UnknownUnicorn15614419
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The idea was not too informative. In general, many of the arguments I have already noted for myself, but supported my vision) Thanks for your publication, my friend!