I am going to give you a potential BULLISH scenario not to be ignored... just yet...
My SUPER DUPER STRONG SUPPORT IS STILL INTACT RANGE $9,250-9,170
Now every time we have a small correction the crypto social media world turns doom and gloom double bottom $3,200, and I do not see this happening unless something totally disastrous happens.
The post has been my masterpiece since 2016
It is a really long one and not for everyone, kinda a summary of my 3 years Trading Knowledge and forecast of Bitcoin's future movement!
Who am I? I have been trading in crypto since November 2016 . Seen many shit coins , seen many big pumps and epic dumps.
Made money , Lost money. However, I always focused to improve...
There is a clear cyclicality of actions, in the near future we can expect good volatility within the white support line and burgundy resistance line.
Closer to the halving, we should expect the next bullish rally as it was in the previous two times.
In this bitcoin chart you can see parallel channel down perform right now,
already hit support line and our support zone 9000-9100 next target resistance line around 11300-11450$
If break this resistance line then our next target previous resistance 13350-13850,
If successfully break this resistance so we will see bitcoin price rally and next...
A quick comparison to 2012 shows that BTC will probably go sideways for a long time, and could dump down to the 9000 area.
It will probably hit the weekly middle bband at some point, as back in 2012.
This would also align with the halving timing, and the stock flow model, etc, showing the ATH to be reached in 2021.
Should it now suddenly pump and go past 13.9k,...
I am a BTC bull, but I see far too many overly optimistic price projections on tradingview.
They seem to draw an exponential channel, instead of the current one, that is curved.
While of course it can be that BTC goes out of the current channel, and bursts through the upper resistance, thus reverting back to its original exponential trend,
I like to be more...
Parabolic bitcoin price growth this year was a trap for the "bears".
The explosive rise in prices is the usual short squeeze, which was initiated by cryptocurrency exchanges and big players, while real investors are waiting for a healthy recovery to start buying again. “Short-squash, devoid of any real volumes of investors ... I am waiting for this pump, managed...
If BTC decides to take the slower route, which I really hope, we could see some months of sideways action.
The other possibility would be the gold fractal, if it now pushes through 13.9k.
I however hope for this sceario here, because this would allow all indicators to cool off, then having more steam for the next push where BTC will attack the old ATH.
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
BTC really has been relentless in it's rallies. I am sure most traders have been surprised by the moves BTC continues to make to the upside. Even in the face of a descending triangle, it continued higher. The flow is still in favor of BTC and this is confirmed with BTC still dominating above all the other alt coins. This is why we also haven't seen an alt coin...
Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
Break above consolidation zone.
Bearish market found its support and is turning bullish again.
Bearish market need a pullback now and we should see some price action.
I'm an amateur. I started this journey December 26th, 2017 at 5:06 PM.
Yep, I bought (damn near) the top.
Yep, I've lost a lot of money.
I've learned a bit. Have you?
Take a look at 2014. Anything look familiar?
Not one person to my knowledge has spotted this.
Not saying this is GONNA happen.
Just saying that it can and probably will. :^)
Depending on which route BTC will like to take now, we will see different heights of the new All time high.
The resistance is curved as we know, because BTC at some point left the exponential growth channel.
Of course, at some point it could decide to change this longterm behavior, but until now, based on historical data, it is reasonable to assume that this...
We recommend considering sales from the level of 12450 and 12750 with stop loss at the level of 13150.
We also recommend that you expect a price correction to the level of 10000 and below.
In other cases, we advise you not to perform any operations. An alternative is possible.
Just when the world went bearish, BTC said NO... bring in the BULLS.
I bet you have all heard the Crypto saying PAMP IT... that is exactly what it means... RUN WITH THE BULLS! And where is that done? PAMPlona, Spain!
We are in a wave 4th subwave at this present time, and then the 5th subwave to complete the 3rd internal of the...