Bitcoin BTC the bullmarket is not over yet although you think!
Dear traders,
Here is a scenario for Bitcoin. It is an idea how it could go and I also do not expect this Bull marker is finished yet. Right now traders are getting shaken out of the tree with leverage and positions that are too high. Traders who got in too high and are still sitting with positions. Traders who did not use stops for example and are now forced to be LT holders which is on itself not even so bad. The buy and Hold of BTC is probably the best strategy there is.
Also due the limited quantity of Bitcoins it is called not for nothing "Digital Gold".
The Crypto season runs normall until the end of 2021 but nothing is impossible of course. The MACD is in a bad position on a weekly basis but indicators always lag price. How can you tell? Well test only the MACD on Bitcoin. You don't get good results over the full length as with no indicator. You can adjust them to fit the price but it is still calculated on historical prices. Make no mistake, indicators are super but as a tool not to base your trades on alone.
Personally I only get fully bearish when Bitcoin closes on the 33500 USD and that with a convincing daily candle. So not intraday a wick. Until then, I am assuming a rise until the end of the year.
Here you see the 2 hour chart with the scenario as I think it could go. No guarantee but purely my analysis and experience. If you want to go long on Bitcoin put the stop at 33400 or use one below the triangle but plenty! First target 42000. It then depends if Bitcoin breaks through or falls back. That can only be said at that time based on the price movement.
Good luck and above all trade with stops and money management!
Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research!
--->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Here is a scenario for Bitcoin. It is an idea how it could go and I also do not expect this Bull marker is finished yet. Right now traders are getting shaken out of the tree with leverage and positions that are too high. Traders who got in too high and are still sitting with positions. Traders who did not use stops for example and are now forced to be LT holders which is on itself not even so bad. The buy and Hold of BTC is probably the best strategy there is.
Also due the limited quantity of Bitcoins it is called not for nothing "Digital Gold".
The Crypto season runs normall until the end of 2021 but nothing is impossible of course. The MACD is in a bad position on a weekly basis but indicators always lag price. How can you tell? Well test only the MACD on Bitcoin. You don't get good results over the full length as with no indicator. You can adjust them to fit the price but it is still calculated on historical prices. Make no mistake, indicators are super but as a tool not to base your trades on alone.
Personally I only get fully bearish when Bitcoin closes on the 33500 USD and that with a convincing daily candle. So not intraday a wick. Until then, I am assuming a rise until the end of the year.
Here you see the 2 hour chart with the scenario as I think it could go. No guarantee but purely my analysis and experience. If you want to go long on Bitcoin put the stop at 33400 or use one below the triangle but plenty! First target 42000. It then depends if Bitcoin breaks through or falls back. That can only be said at that time based on the price movement.
Good luck and above all trade with stops and money management!
Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research!
--->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Trade active:
Dear Friends,
This is Bitcoin and a picture say more then a thousand words. This can be a nice trade. If not also perfect. Stop loss protect you against further decline and load the boat even lower with cheaper prices. Would be a present but I am afraid it will not happen. Not right now. No when the herd lost its interest. Only then we will be buying it cheaper.
Of course NO trading advice just my own trade !
This is Bitcoin and a picture say more then a thousand words. This can be a nice trade. If not also perfect. Stop loss protect you against further decline and load the boat even lower with cheaper prices. Would be a present but I am afraid it will not happen. Not right now. No when the herd lost its interest. Only then we will be buying it cheaper.
Of course NO trading advice just my own trade !
Trade closed manually:
Hello friends,
I stop this trade because I think BTC will first make a double bottom before a new rise. No guarantee! Just my idea. After that we couuld vorm a W bottom.
The prices are not going too slow and that is often a sign.
We have already some small profits from this trade so better one bird in your hand then ten in the sky!
Good luck guys
I stop this trade because I think BTC will first make a double bottom before a new rise. No guarantee! Just my idea. After that we couuld vorm a W bottom.
The prices are not going too slow and that is often a sign.
We have already some small profits from this trade so better one bird in your hand then ten in the sky!
Good luck guys
We have now formed 2 bullish rising wedges in the triangle. So it is possible that we will go up again to test the upper trendline. You notice that breaking through to the downside is not working well. The price falters and at the last moment it goes up again. The market is being manipulated and controlled not by traders but by banks, hedgefunds and institutions!
We won't know for sure until the triangle is broken through with a few candlesticks and good volume. A wick is still not enough. The funds wants to shake the traders out of the tree and the longer it takes the more one starts to doubt.
But for sure, even with BTC breaking through, the long trend is still intact.
So there could still be the trick in there too.
For me it makes absolutely no difference if it goes up or down. If BTC goes up then there is the profit of the trade. If BTC goes down then the stop loss is hit and I can load the boat with bitcoins at a lower point. Double fun!
Good luck and safe trading!