shazzan

shazzan

after looking at this on all times, great time to load up. My guess is a few days sideways and it shoots back to 58k. I can see a 48k scenario but seems less likly

shazzan

dopy pres. Bidens gonna legalize it

shazzan

We have broken through the long term down trend now I am just looking at areas of supply and demand. I think a lot of people have seen this and have adjusted there strategies. Because BTC is so popular I can easily see this rocket up. Plus we cracked the 11k mark. Manipulation is very possible with BTC and now up or down is equally likely since the down trend...

shazzan

We are currently staying within the yellow channel however we are looking at heavy resistance at from roughly 6k to 7.5 k also note that the futures market also picked up BTC at around 6k. It does look like we will break out of the channel on the up side however we will still be in the green channel. I want to see BTC at 10k to feel there is a change on the...

shazzan

So Looks like just bounced off the top of the channel or possibly a bull flag. Its looking more like a channel the longer it goes on. But I dont do absolutes with btc i give it a little more room. I have been expecting it to break up and now that its higher in the channel/flag the odds of a break up are increasing.

shazzan

self explanatory but also note the hard bottom in black which supports the idea it will move around that time. the green represents recent highs top

shazzan

As we approach the 200 day and the $20 level I am closing this trade. still looks bullish but I am happy .

shazzan

based on the H&S I can see this falling to around 8300 with 2 resistance points on the way down.

shazzan

Overstock 's chart is similar to the crypto and might be another options with a good ATR

shazzan

Wow cant believe no hesitation . Right past 10k mark a common place for people to pull out. If this has the same momentum at the 12k It will be a huge signal than next stop 20K.

shazzan

So now we don't have the head and shoulders to worry about the next major resistance point will be at $ 9999 for obvious reasons... also note the cup and handle! I don't expect we will go straight up but we do see a up trend. with another major resistance point around $11700.

shazzan

As i was saying last year that i was expecting a BTC bull market around August of this year. It looks as if we cleared heavy resistance and taking off. BTC does have a history of fake outs so . As of now I am buying dips and holding.

shazzan

Sorry for the mess but looks like a H&S forming which projects a possible drop to the 50 Month EMA 9100 - 9300

shazzan

Based on the look of this I H&S we could see a little jump 6.40 area

shazzan

As this is in a up trend the reverse H&S could mean a continued up trend however this could also be a double top failure. Note that reverse H&S are not as powerful as a regular H&S

shazzan

If this holds support at the top red line bullish could continue to break out. or drop 40 % like in Febuary

shazzan

yeah been waiting for this thing to hit bottom. My guess is $4800. i don't think it will shoot up from there it will likely test it again and bob around another year before it takes off again. I base this on what BTC has done in the past that it is volatile but still a algorithm. I will lode up in the $4800 $5400 area.

shazzan

Yeah I don't post much because no reason to do so since I don't have 10 k invested in crypto and can't short.. However we are getting close to a good buy area.