For any longer term investor I have the idea to buying bitcoin around the 0,618 retracement / the 1,618 extention area.
- you are responsible for your trading, wins and losses
- i dont give trading advices, this is just an idea
- price may drop lower
- you may loose all your money
- you are unique and important
- to live and t love
Musk wants MORE Bitcoin - thats obvious - earned more from Bitcoin than cars !!! - so what does he do ? Knock the price . .will silly off-the-cuff rubbish - DOES ANYONE BELIEVE THE RICHEST MAN IN THE WORLD DIDN'T KNOW BITCOIN BURNS ELECTRICITY - BULLSHIT! . .he and his friends wan t you to sell . .CHEAP !!!!...up and up Crypto IS going - thats 100% - Ignore the...
Fridays(option expiration): Its not every month it goes down.
Seems to correlate with the trend.
When negative trend > it has cone only 10-20% down.
So max down is -20% around expiration day (since 2-3 years).
Looks like the 25kEUR level can be touched
(in May, latest 11.June)
-> worse case 18kEUR
(that is -40% from this moment)
Dear crypto community,
Please revisit my idea.
We had a fun ride and it was immense amazing.
Due to unfortunate events, let call it Elon Musk, we rapidly started and exceeded our expectations of the current bull market.
What started with Elon Musk, unfortunately ends with Elon Musk.
Up to the next cycle.
"The only thing I know is that I know nothing" - Socrates
What will happen next doesn't matter, what matters is your strategy and how you can take advantage of price actions.
Let's have a look at Bitcoin market through different timeframes (M1;W1;D1;H4)
Starting by the monthly chart, we can see that BTC is in a long-term bullish trend since 2013 and is as of...
Alright, so the ultimate target is 125000€, but before that, BTC has a challenge to overcome.
We're in the final wave of a cycle started in 2011 (I know, this Kraken data goes back to 2013, check Bitstamp) and there still is room to rise.
However, this summer should see a chaotic time with a drop from an expected top at 66700€ down to a first support at...
## BTC is currently in a wave 5 of (3) of ...meaning: it's got room to rise in the mid term. (see my weekly chart)
- But for this daily chart, most indicators scream "I'm tired":
1. Look at this volume trending lower with the trend
2. Look at this momentum not taking off (I dont care whether you look at PriceRateOfChange, RSI or MACD...they all convey the...