🅱️ Are You A Bitcoin Bear Or A Bull? Got Something For You!

15 thg 10, 2023

Which one is it?
Trust, I am not one to judge... Are you a Bitcoin bear or a bull?

👉 If you are a Bitcoin bear, then you need to - RUN!!!- get out now and adapt to market conditions as we are on the verge of a new bullish wave.

👉 If you are a Bitcoin bull, you need to be long now or else you run the risk of being left behind, because we are going GREEN starting today.

The market is always fluctuating between down and up.
We have bearish and bullish cycles, we do our best to be right but we can always get it wrong.

There is no problem in making mistakes, nor going through the classic growing pains. But, when the market conditions change, adapt fast, leave your old views behind because there is nothing to win by being stubborn in this game.

You believe Bitcoin is going down?
That's ok, you can believe whatever you want but what about the chart? What about the Altcoins, Gold and the global financial situation as a whole?

Where does this fit in your picture?
When are you going to be ready to change?

This is not a game about beliefs but if you do have a belief, you need to be flexible because conditions are never the same.

People have been calling for 11,000 and 13,000 since November 2022 but Bitcoin is trading now at 27,000+.

Instead of holding to this unhealthy belief, why not focus on the chart?

Keeping it simple... Bitcoin tests EMA300 as support and it holds.
As long as Bitcoin trades above this level, the technical picture is saying up.

Even after months and months of sideways action, we have a relatively high price, a strong RSI and the MACD in the bullish zone.

See, I am not perfect so I can make mistakes.
Knowing this, I can adapt to the market and say... "Wow, once more, everything just changed!"

If it wasn't clear say 3 weeks ago, it should be pretty clear now after a new higher low.

If you are not ready to accept that Cryptocurrency is ready to move ahead... Look back to your bearish bias in the last 11 months... What do you see?

✔️ YTD Bitcoin is up 60 percent plus.

If this resonates with you, then take it but if not... You are on the right side!

Thanks a lot for your continued support!

✔️ Boost, comment and follow for more...

Namaste.

16 thg 10, 2023

Ghi chú

Bitcoin closed the day (15-Oct. Sunday) and the week better than expected.

BTCUSD Daily is now trading back above EMA50 and EMA200.
These levels have been working as resistance since July, it is the third time that Bitcoin moves above them and this should be the last time; no more drops short-term. Fully ready to go up.


= Purple = EMA200
= Magenta = EMA50

Last week Bitcoin wicked below EMA50 and this week stays above this level:

This is of extreme importance as the bullish bias is confirmed when EMA50 is below the current price.

EMA50 weekly now stands at 26,921.

The only question left is, how far up will it go?

We looked deeply into the potential target in previous trade ideas.
If you want me to go into it again just boost and leave a comment, I'll redo everything based on current market data.

Thanks a lot for your support.