The bottom is getting more clear day after day. We have the giant triangle which got all the crazy price action in it. That's why it should be completed in order to start the bull season again.
I have no doubt in bitcoin to go much above 100k but not this year or next.
Something to remember all the time:
-News doesn't affect the trend, but the price just a little bit. Price doesn't matter but the trend.
-There must be a real happening in order to change the trend. And you'll see there will be a huge crisis which will have universal affects. And that's going to pump bitcoin to crazy all-time highs. Otherwise do not expect some magic.
-Do not believe that guys "bitcoin trading is different" "it doesnt like stocks or assets". Sorry but its a lie. Bitcoin is no difference on trading basis. It is same as gold, iron, salt, sugar, etc. The only difference is the idea and the profit we'll have, cause we're all still early adapters on this date.
I really love to catch the bottom. I know its hard but i worked so hard many weeks and i got the previous 6k bottom on february 6th. I couldn't sell it on 11k but who cares. I have already saved my loss cause i bought it at about 16k ( :
So possible road to bottom: (i'll update as much as i can)
1-2-3-4-5 numbers: It's the setup of broadening bottom pattern. It's a technical sign that we've bottomed. Google it
1st stop-8.8k : The green trend line comes from logarithmic chart, also there will be my deathcross 64 day to 256 day. I know its weird but i love more this way.
2nd stop 4.7k to 4.8k : It's a range cause its very hard to guess the bottom. There are 3 causes. The fibonacci line and our giant triangle bottom and the long term trendline which starts from 1k breakout.
So this is my bottom scenario. I know it's risky and i don't recommend it any of you to do. The clever trading is to confirm the bounce first and buy the breakout. But i like risks. So hope BTCUSD plays like im expected.
Long live BTC
I have no doubt in bitcoin to go much above 100k but not this year or next.
Something to remember all the time:
-News doesn't affect the trend, but the price just a little bit. Price doesn't matter but the trend.
-There must be a real happening in order to change the trend. And you'll see there will be a huge crisis which will have universal affects. And that's going to pump bitcoin to crazy all-time highs. Otherwise do not expect some magic.
-Do not believe that guys "bitcoin trading is different" "it doesnt like stocks or assets". Sorry but its a lie. Bitcoin is no difference on trading basis. It is same as gold, iron, salt, sugar, etc. The only difference is the idea and the profit we'll have, cause we're all still early adapters on this date.
I really love to catch the bottom. I know its hard but i worked so hard many weeks and i got the previous 6k bottom on february 6th. I couldn't sell it on 11k but who cares. I have already saved my loss cause i bought it at about 16k ( :
So possible road to bottom: (i'll update as much as i can)
1-2-3-4-5 numbers: It's the setup of broadening bottom pattern. It's a technical sign that we've bottomed. Google it
1st stop-8.8k : The green trend line comes from logarithmic chart, also there will be my deathcross 64 day to 256 day. I know its weird but i love more this way.
2nd stop 4.7k to 4.8k : It's a range cause its very hard to guess the bottom. There are 3 causes. The fibonacci line and our giant triangle bottom and the long term trendline which starts from 1k breakout.
So this is my bottom scenario. I know it's risky and i don't recommend it any of you to do. The clever trading is to confirm the bounce first and buy the breakout. But i like risks. So hope BTCUSD plays like im expected.
Long live BTC