Daily close below 61k and we're likely going to 57-58k short term. Hopefully Bitcoin puts in a higher low there. If not, 56k has to hold or look out below. Still long term bullish as long as this level holds. Preferably 57-58k area and 56k is never reached. Low of course could already be in here if daily closes strong above 61k. Some good news coming up for...
Look at SPX and DJI. They both recently broke their rising wedges to the upside. NDX just made a new all time high and will continue climbing. Look also at the US10Y down 7% today! It's obvious yield curve control. Have you noticed prices of many things around you rising? Protect yourselves from hyperinflation by investing! Heck even owning doge is better than...
I'm expecting the move very soon. I think up. Might take another 7 days before breakout.
10,000% chance we test the bottom side of the weekly bbands in the next 10 seconds.
Condition is daily close 60k or above. 70k-80k target before mid May. Maybe end up going even higher. I've noticed a lot of people getting irritated and being overly bearish since Bitcoin's been consolidating for a month. Do not underestimate the corn!
I think we will pullback here, resume uptrend and we'll see what happens around June when it comes. Watch Bitcoin. If it bounces off the 55 daily ema (~53k), look for a bounce in stocks. If it breaks below, watch the 21 weekly ema (~40k). If that support breaks then we are entering a bear market.
If price cannot close a daily candle above 61k over the weekend, watch for a possible pullback early next week to fill the cme gap. Personally I'm looking at the 58500-59400 range.
I see a lot of people giving patterns and trendlines too much weight. Just because a trendline is broken, does not mean it will roll over hard. The red trendline was broken, but was picked up at the 44 daily ema (thin blue line). If the cyan trendline is broken in the future, do not freak out. It may get picked up by the 44 daily ema to 55 daily ema (green). Only...
Looks like the horizontal support at 55400 is holding for now. If the cme gap were to fill it should've done it already. Now a cme gap fill risks price falling out of the ascending triangle. Most cme gaps do fill, but they do not have to fill immediately or at all. Looking at eth also testing its horizontal support, I believe the bottom is in. Give it about 3-4...
Test upper side of bbands. May coincide with a short term pullback in traditional markets.
Funding rate is a little high which makes me think we could do a short term pullback and fill the cme gap. Traditional markets have some gaps to fill as well. Doesn't have to happen, but possible. Considering there's a premium in cme vs. spot price, spot price should wick down to around 54k if this happens.
cme gap fill + traditional markets correction + pi cycle top fud
The trend continues as long as we are above the 55 daily ema. Question is if the daily 21 holds and we go up from here, or if we wick below it, or if we test the 55 daily ema and then pump. I think we either pump from the 21 daily ema or wick below to fill the CME gap around 54k.
Yields have been in this channel for the most part over the past 40 years. Every time so far it has fallen out of the channel, it goes back in. But this time is different right? The fed will issue yield curve control right?