Bitcoin Moves Back $122,000, Fast! Must Read Chart—See Comments

4 hari lalu

Recently I was exposing the real workings of the Cryptocurrency market. I've been sharing the insights with you on Bitcoin about Bitcoin and the comments left now below will show your intelligence and support.

What's your take on Bitcoin's current situation?
It will take a minute to answer but it will be part of the experiment. So leave your comment.

This is a short-term chart, BTCUSDT, based on the 4H timeframe. We have a perfect falling wedge pattern as well as a bullish divergence with the RSI. Both these signals support a reversal.

As prices are rising I can see the RSI entering the bullish zone. Bitcoin only struggled for a few hours at the low and then recovered, oh yes!, it started to grow.

We see this happening now and this is an opportunity again. Notice how the market continues to produce endless opportunities. On the downside, to the upside. Short-term, mid-term and long-term.

We just need to be prepared and ready. We just need the right plan. The market is not going away.

Since opportunities continue to appear, we just need to be prepared and wait for the right one that will make a change. And repeat this process over and over; thanks a lot for your continued support and comment.

While this isn't the perfect bottom, the low was $108,666.66, we still get to buy and hold and go LONG. Ok?

We don't have to catch a perfect bottom ever, it is not necessary. If Bitcoin starts growing toward $155K, what difference does it make if you managed to grab $108,000, $109,000 or $112,000. Lucky you, you got to buy that low. You will see millions of people rushing and fighting to buy Bitcoin when it reaches the real top. We are not early when it comes to Bitcoin but there is still plenty of room for growth. And this plenty of room for growth that remains on Bitcoin is what will support the altcoins market bull market and late 2025 bull run. We all grow.

Bitcoin is showing fairly good early reversal signals. So far things are great.

If we were to consider Bitcoin on its own, yes, we can doubt about the next move's direction. But, if we consider Bitcoin and the entire altcoins market, we know for certain what the next major move holds.

Don't get me wrong. I am not saying that the market cannot shake some more short-term. I am not saying that there can't be squeezes and traps. All I am saying is that we are going up regardless of the short-term.

The market can shake short-term, but it is already rising... Look at Bitcoin, look at Ether and look at XRP. What do you think will happen with the rest of the market?

Leave your comment below.

Namaste.

3 hari lalu

Dagangan aktif

Bitcoin Update


Positive signals are starting to accumulate. There is so much that my heart is starting to race. Will it really happen? It is already happening...

Here is BTCUSDT on the 4H timeframe:

Notice a small rejection at the upper trendline, can you see it? The last two sessions turned red. The current one bad because it has an upper-shadow. This doesn't matter.

The thing is that this short-term rejection does not change the bigger picture. Bitcoin Dominance Index (BTC.D) continues bearish and this is bullish for Bitcoin and the altcoins.

Many altcoins are now doing great, breaking up three digits green in a single day. The thing is that this is no longer an isolated event, more and more pairs are taking the jump. Bullish momentum continues to grow.

Bitcoin is good, Bitcoin is profitable but Bitcoin is hard, truly. It is hard to predict where Bitcoin is headed next because so many people are watching, so many players and there is so much at stake. That's why I look for clues within the altcoins market and this method has been working like a charm. If the market turns, we adapt and also turn.

We do not say the market is rising but it will soon stop rising so this is a fake rise and it is not strong enough, no. We say, the market is rising and so we are bullish, we grow as the market grows.

When the bearish cycle is on, we say, prices are dropping so we are happy to collect profits and move on. We are happy to sell, and we are happy to short.

We play the market, we ride the market, but we do not impose our bias or beliefs on the market. We play the market but the market does what it does.

It is not about guiding the market, but getting in tune with the market to be able to make the best decisions possible at every turning point. Spot the reversal when the market is crashing and go LONG. Spot the top when the market is peaking and go SHORT.

It is an entertaining game. And you can make money while you play.
Better than playing for free. Better than many other things. Here you can learn, grow, mature and earn. The best entertainment ever. Technical analysis and Cryptocurrency trading. Win-win-win.

Namaste.