It seems like BTC is reaccumulating right now. The minimun price target would be 43k, the highest ~46k. Then its time for a distribution, followed by a selloff. As long as BTC stays above 31k, the bullmarket is still activ. Have a nice weekend.
If 15500$ was the first bottom of this bear market, then its time to retest the trendline in the chart. You can buy now and sell at the 0,786 fib lvl. This could be an impulsive wave. After that the double bottom will come, how deep will it fall? Well maybe back to 17000$ or even deeper.
Nvidia is clearly in a distribution phase. One fakeout to the top, then it'll drop hard. NFA.
An elliot wave count could predict that this could be the last Wave (5) of BTC. After that you will possibly never see BTC at these high prices ever again, or maybe 10+ years later. This is just an idea and could be completly wrong.
I'll buy some more BTC when it reaches the blue buy zone. Thats cause BTC has not retested the white trendline yet. BTC loves to retest previous trendlines.
The volatility in the markets will rise the coming weeks. Since the annoucement that there will come some interest cuts next year, the dumb money will flow into the market now. Market makers abuse this money to sell high now. Just be ready to see lower prices soon. But for me,and thats the important thing, the bull market has just begun. Have a good time.
So BTC got 2 resistance zones above it. I think the ABC correction wave is in play. Indicators are turning bullish in the weekly/monthly frames. Taking profits in both zones.
Based on price action, sentiment and several indicators, a good SHORT opportunity is building here. Sugar is in its 5th wave. ABC correction afterwards. NFA.
BTC is turning bearish, some indicators are showing bearish signs too. VFG zone should be a good zone to buy at lower prices.
BTC needs to stay above 31k. If BTC closes a week below 31k, it could drop down really hard. If BTC never gets a weekly close below 31k we will be fine. The fear & greed index is very high at the moment, just be careful. I would recommand to just hodl and wait.
Gold is about to crash really hard, really soon. Thats how I count these waves. NFA,DYOR.
The market structure and the indicators I'm using are showing signs of a good long position here.
If we are lucky, we will get a new (but short living) new ATH, after that, say bye bye 30k and say 17k here we come. So, either we will see the white path or the yellow path. But actually it doenst matter. Good luck. NFA, DYOR.
I just bought some Altcoins which are looking promising right now, because I see a possible Altcoin season coming. 2021 BTC made its monthly lower low, at that time the altcoins skyrocketed. NFA, DYOR!
Based on price action, sentiment and several indicators, a good SHORT opportunity is building here. NFA.