HinglishInvestor

HinglishInvestor Updated 

if it doesn't bounce in 10 days and breaks this RSI trend, I will believe we are in a bear market. We are almost mid-way from next halving and last time we had the lowest dip in the cycle (down to 3000) around the end of Nov 2022. So it either pumps right now, or I will get ready for bear market.

HinglishInvestor

Bitcoin Hash Rate is reaching higher levels. Although it hasn't reached ATH levels, it has almost completely recovered from the China mass-exodus (if there was any at all!). Hash rates and prices are highly correlated, and the hash ribbon has already published a green buy signal. Opposing my own views in my last post, Bitcoin has a high probability of...

HinglishInvestor Updated 

I am expecting a bounce off the 50 day MA as it approaches the 200 day MA from below. This is also based on the following alignments: A highly traded zone can be found around $40.5k - $42.5k. Bitcoin Green and Fear Index is showing Extreme Greed, so a correction wouldn't be unexpected. Bitcoin Funding Rates are hitting positive after it passed the mental $50k...

HinglishInvestor Updated 

You do the math and historical survey - I'm busy longing the cr@p out of this.

HinglishInvestor Updated 

Expecting the end of this upward move. I have a 5% margin of safety under the last ATH, as I believe this to be the point that will trigger fund managers to wait for a correction. Correction expected to be 25-40%, with a higher chance of it being 30% based on previous bull cycle. I would not short bitcoin, ever, so this will solely be a waiting game - in the...

HinglishInvestor

Based on previous bull cycles approaching the previous ATH, and assuming this one is no different: I expect a correction, as does everyone on every platform right now, down from the current region. For me, as a risk assessor I would use a 5% aggressive margin of safety from the ATH level - 95% of $19,666 is around $18,666. This is my "close long positions...