Hello, dear TradingView members. This is a long-term Bitcoin idea.
The last time we did a Bitcoin analysis, it was about Bitcoin's chart with the log scale. We showed two dynamic supports which could hold the price up, but now they're both out of the picture. Now, all we have is our static resistance around the 19K area, which is being activated in 2-3 days after we close a weekly candle below that level. Also, we have two support levels. One is the local support of around 16K, and the other is about 13K. That 100K Bitcoin is more of a myth right now, to be honest. The whole news about FTX and the crash of FTT, SOL, and USDT... caused this. And for sure, it was programmed.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions; I will be more than happy to help.
I think BTC and ETH will go up cause the pivot in CPI is happened.. Look at USDJPY...when you see JPY gets super strong in just 2 days, you can understand the Pivot has happened and we should be ready for bull run....Accumulation is high and Bearish momentum is not strong anymore. No more people will sell their BTCS lower than 16K any more...and market trend in Stock and Forex is correcting toward upper levels...this means Crypto market will turn into Bullish as well... FTX was the last move, and market will survive.
AtlasTrades
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Detailed btcusdt chart overview, thanks brother
Williamforex
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Appreciate
SwallowPremium
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Great explanation)
RLinda
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Thanks for the quality explanation, good analysis)
Investroy
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Well done, Shawn
DeGRAM
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Thank you. Like it
Paarham
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News about SOL were Fake, Just saying
Michael_Winner
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Interesting analysis, appreciate this effort for btc chart