Another opportunity for the bulls.
At the close of yesterday's daily candlestick (Saturday 7/24), the price closed above a downtrend line that has already prevented the price from rising 5 times.
In the long term, the price has not closed below 30k dollars, so it still does not renew the fund in the long term, which increases the chances of the bullrun to...
With the closing of today's daily candle above the level of 38,300 I decided to buy 1/3 of the capital available for trading.
I am now 33% bought in bitcoin.
The price of this purchase was in region 39,100
The purchase orders mentioned above have been cancelled.
Note in the orange markings that in the medium and long term bitcoin has not closed candlesticks...
In this chart I mapped support and resistance zones, as bottom in support buy zones are good purchases with a target for a next pullback in the daily.
The buying power of bitcoin is very low, considering that there has been a 50% drop from this historic top, so the chances of bitcoin continuing to fall into the next support zones are relevant.
I continue to buy...
Bitcoin: What is going up will keep going up
Recently Bitcoin renewed the historic maxim by activating a high wedge break pattern, we must pay close attention to the new resistance points, we have strong fibo numbers and the top of the channel ahead.
I am particularly 100% bought and should sell part of my bitcoins if there are any signs at these important...
In the link in the image below we detail all the operations of last year in 2020, we had a profit of 580%!
The details of the operations were posted here for free on our trading view channel. I hope you managed to enjoy =)
I have now opened a chart idea, with a bullish channel in the weekly range.
The next candidate for resistance is in the 37k region.
I sold a portion 1/3 in the 29.5k region and did not find any more buyback opportunities.
I'm still bought with 2/3 bitcoin.
The price of Bitcoin is close to resistance in the 29k region, it is the fibo extension of 1.618, a strong reference.
A few days ago the resistance pattern was confirmed when the price had difficulty to pass the 24k which was the resistance region of the previous fibo 1.272, leaving the possibility that the 1.618 fibo (29k region) will work as resistance as...
Today Bitcoin broke the historic top of $ 20,000.
Now Bitcoin is in a totally new price zone, we need to use the fibonacci extension to find the next resistances.
Resistances are in the region:
Fibo 1,272 = 24,000 Zone
Fibo 1.618 = 29,800 Zone
I'm still 100% bought.
Bitcoin, fibonacci mapping
The price is following the fibo levels well, at the moment the 0.236 of the big high and 0.618 of the last fall that fit perfectly hold the price.
So most likely, the price will take a breath rising to the region of 18,500 to decide if the correction ends or continues to fall.
Bitcoin has broken the bullish channel up, the most likely now is that it will create a new bullish channel even more inclined, in sentiments this channel means a big euphoria in the bull market.
If this prediction is correct, we can see bitcoin hitting the record price of $ 20,000 later this year.
I'm still 100% bought. #HODL
Bitcoin has renewed the top and continues on the bullish channel, short-term correction is expected in the region of 14,000, where it is the same top of June/2019 and fibo region.
I continue to buy 100% with no forecast for sale.
Bitcoin has dropped more than 6% in the past few days, everything is going well as long as the price remains above $ 11,000 (0.382 of fibo).
I keep 100% bought. #HoLD
If I decide to start selling I'll let you know ;)
BTC has already pullback close to 0.382 of fibo in the price 10.560, the most likely is a consolidation in the current region to decide if we follow the bullish channel or if we create a new more inclined bullish channel .
I am still bought in 100% bitcoin , the purchases I made are in the previous messages