E-x-t-r-a-v-a-g-a-n-z-a

E-x-t-r-a-v-a-g-a-n-z-a

The yellow trendline has been mostly respected since the beginning of December 2020. Blue lines are supports. Red lines are resistances. The purple rectangle is a demand zone. The yellow trendline seems close to breaking, but the price could bounce as well. Marked as long because I'm bullish long-term.

E-x-t-r-a-v-a-g-a-n-z-a

Sorry I was away for a few days. I'm on vacation and I'm not really used to the TradingView app on the phone; as you can see, our symmetrical triangle structure is just about to break... It's a matter of time for us to make some good money. This kind of structures (symmetrical) are neutral, which means the movement can be bullish or bearish, so I we will have to...

E-x-t-r-a-v-a-g-a-n-z-a

This idea depicts a bearish channel in downtrend that has been forming lately. I want to let you know that I closed all my trades and am currently keeping cash for a great opportunity. Don't trade if you don't need to, always wait for an entry; please consider that I'm a trader, not a HODLer. Or even if you're a trader, your strategies may differ from mine. I have...

E-x-t-r-a-v-a-g-a-n-z-a

So, in case you were living under a rock, Bitcoin broke to the upside thanks to an Elon Musk tweet about Tesla (TSLA) now accepting Bitcoin as a direct payment to buy a car from the company. They also stated that they would keep the payment in Bitcoin, instead of cashing it out for USD (fiat). This happened after midnight Feb 24th 2021.

E-x-t-r-a-v-a-g-a-n-z-a Updated 

Just trying to find a pattern. Don't mind me. Wanted to share just in case.

E-x-t-r-a-v-a-g-a-n-z-a

Marked as long cause I'm bullish in the long term.

E-x-t-r-a-v-a-g-a-n-z-a

Blue lines are areas of importance (supports), where the price has bounced before. Look at the RSI every time it reaches or approaches the overbought level.

E-x-t-r-a-v-a-g-a-n-z-a Updated 

So the symmetrical triangle pattern that was coming to an end had the price break to the downside. As soon as I'm free, I'll update with supports and new possible price patterns.

E-x-t-r-a-v-a-g-a-n-z-a

There is obviously a divergence here, but these are common when we expericence parabolic runs. I stay neutral for now, but long in the long term, as BTC is an appreciating asset over time.

E-x-t-r-a-v-a-g-a-n-z-a Updated 

We still have the parabolic structure the price was forming as a support (remeber a parabola isn't linear, it's curve, so it's more permissive than a straight line going...

E-x-t-r-a-v-a-g-a-n-z-a

As I stated before, the upward movement we had at the beginning of the week wasn't healthy for the price, so it had to return to its mean sooner or later... This one already happened: And this one is still in play: But now I would say we reach $33k rather than $34k...for now. A stronger bearish move would validate my past idea.

E-x-t-r-a-v-a-g-a-n-z-a

Bitcoin bounced perfectly in my price support white line. If it breaks it, you know the drill. There are several supports down there, but I don't think it will pass the white line that has a blue dotted line over it @ $52,227 USD anyways.

E-x-t-r-a-v-a-g-a-n-z-a

The yellow line acts as structural support, since the price has rebounded there in the past

E-x-t-r-a-v-a-g-a-n-z-a

THIS IS IT! I personally bought this tiny dip, and I know I'll be thanking my past self in December 2021. Your 2021 actions will determine your 2025 lifestyle. I wasn't born rich, but I will be. Conviction.

E-x-t-r-a-v-a-g-a-n-z-a

So the price followed the yellow line I drew using past price movements. It is possible to forecast future movements with price action. Stay tuned for future updates. Watch for a breakout! (Marked as long because I'm long in the long term).

E-x-t-r-a-v-a-g-a-n-z-a

Personally, I would buy there no matter what. I trade using leveraged positions, cause HODL is just not my thing. I win so much more money by trading Bitcoin than actually HODLing Bitcoin...and Bitcoin is THE ONLY ASSET I DO. I've been doing this for over a year now. Daily. That's +365 days trading just Bitcoin. Yes, I've learned a lot. So trust my word. If your...

E-x-t-r-a-v-a-g-a-n-z-a Updated 

As you can see, the blue line is a resistance when the price is below it, but a support when price is above it. The yellow ascending line acts as a support, each time pressuring more the price upwards. Thanks to that reason, this idea is marked as a "long" in the midterm time horizon. I recommend you don't enter longs here until we see stronger signals. You...

E-x-t-r-a-v-a-g-a-n-z-a

The "ascending triangle" pattern is commonly known for being a bullish pattern. You should put your stop loss where the top blue line is. The bottom blue line is strong support. We'll keep seeing ATHs. Until past $100k. 100% sure!!! GN :)