I gave this consolidation after the first leg down a bit of time to show if the strength of the bear was alive and well. It's been about 20 days since the breakdown happened and I'm convinced we've reached a cycle low of 7.7k which was tested 3 times already. A rally above 8.8k and close would be solidification of the fact. Price action here on the 1H and the...
Longterm view on Bitcoin still does not change. Whenever you feel stressed, it's good to zoom out and really look at the bigger picture. The only intrinsic catalyst that actually matter is the Block halving which is set in May. Momentum selloffs are scary, but maintain composure and buy using a farsighted strategy.
If Bitcoin should close September above 8.3k,...
With Bitcoin ranging in a BULLISH consolidation nearly the whole summer, we are at the apex of this bull flag. The recent shakeouts to ~$9,588 (yesterday) and lower $9k's are nothing more than opportunity to buy and add to longs. Stressing short term movements are signs of weak conviction. Position yourself for the greatest swing in price of 2019. Getting caught...
We are on the precipice of a breakout move by Bitcoin. If I can see it play out in any way, it would be a dump, front running the range low at 9.1k. A final, swift flush, that punishes early long positions. This bear trap will ultimately have the majority think we are going lower. Some will scream for 7.9-8k where it's being heavily bid. Unfortunately, it's...
With the way the price action on Bitcoin has been lately, I'm expecting a bit of a cool off before the next leg up. I do believe we might get it sooner than later: ruining the alt bounces once again. All eyes are on BTC this year it seems so far and as long as this trend continues, I don't see altcoins catching up vs BTC until it cools off.
Range bottom is 9k IMO.
I've noticed this fractal play out on Bitcoin since it broke out in April.
-Since the breakout above the trend line, Bitcoin spent about ~20 days consolidating under it
-After the consolidation under the trend line, BTC has a ~40%+ markup.
It's quite simple, I'm long here looking for the next markup to $15,500.
One of the only altcoins that shows a clear accumulation at the bottom. Eyeing a 100%+ move to where it fell off vs. the Bitcoin rally these past few months. Scaling in heavy on this one, definitely the alt to watch out for.
This chop is meant to shake-out the low time frame trader-plebs who think shorting the greatest asset known to man is a good idea. Safe to say, they won't survive the ultimate markup. Target is 15keks, although there is no resistance anymore, Bitcoin most likely will blow to new highs this year. Ready?
Nobody expected to see this, and that is what makes it even more euphoric
If you aren't euphoric, you don't have enough bitcoin exposure.
We are sending this past the all time high this year and there is nothing you can do about it, buy now or forever hold your peace!
Never have been more bullish on Bitcoin than I am today.
Are you catching yourself shorting every bullish continuation?
Are you praying for a "dump" every time BTC makes an upward move?
Are you left on the sidelines with cash scared of re-entering after the longest bear market in History?
Congrats, you let the bear market get to you, and you most likely won't...
Crypto winter provided the most opportune time to accumulate the greatest asset of all time. You had 140 days to not be blind to it. And If you have accumulated it, they will call you lucky once again.
18MA flip, you know what happens after that
Long your longs (Not financial advice)
This is one of the more dormant alts that hasn't moved much compared to other mid-cap alts since Bitcoin price skyrocketed past $5.3k a few days ago. Expecting a good move pretty soon. Bullish Divergence and breakout of downtrend in the RSI.
Clear inverse H&S and a little bullish divergence playing out here. With Zilliqa's official mainnet launch on March 31st, it's safe to say this looks primed for a leg up as it has been trending down recently.