Two great signals were shared in last 2 days. What’s next?
It’s time to wait for price to reach buy levels. We marked two very important areas
https://www.tradingview.com/x/hhhldPYu
Buying above these levels only in case of short-term long opportunity.
It’s time to wait for price to reach buy levels. We marked two very important areas
https://www.tradingview.com/x/hhhldPYu
Buying above these levels only in case of short-term long opportunity.
If Bitcoin wants to go up in short-term (next couple of days-weeks), it shouldn’t come close to this swing low. So the support now is around $6500.
Any price action below $6500 will be very risky because everyone will put stop loss below that swing low and if that are gets reached, we could see price even going below $6000 and considering that monthly close is coming in couple 2 weeks the price has to be bought up instantly if that drops happens otherwise we could be in problems because of big shooting star formation that could form on monthly close that wouldn’t be bullish at all.
Any price action below $6500 will be very risky because everyone will put stop loss below that swing low and if that are gets reached, we could see price even going below $6000 and considering that monthly close is coming in couple 2 weeks the price has to be bought up instantly if that drops happens otherwise we could be in problems because of big shooting star formation that could form on monthly close that wouldn’t be bullish at all.
If that happens, new lows won’t happen on Bitcoin but Bitcoin could enter into consolidation range between $5000 and $7000 for couple of months.
It would be perfect scenario for altcoins that would probably create mini alt season if BTC starts consolidating.
So crypto is looking great and that’s the fact. New lows are not coming in our opinion. The only question we have now is either if BTC is going to enter consolidation around 6k that would be very healthy for next move up or we are going to break 8.5k (2019 ATH) and reach next resistance (10k).
It would be perfect scenario for altcoins that would probably create mini alt season if BTC starts consolidating.
So crypto is looking great and that’s the fact. New lows are not coming in our opinion. The only question we have now is either if BTC is going to enter consolidation around 6k that would be very healthy for next move up or we are going to break 8.5k (2019 ATH) and reach next resistance (10k).
Bitcoin update: https://www.tradingview.com/x/ZWBPwXe4
Only close above resistance will trigger next upsider target ($10k)
Only close above resistance will trigger next upsider target ($10k)
This is how weekly resistance looks on daily time frame: https://www.tradingview.com/x/4GgB8Zj6
No close abbove so far!
No close abbove so far!
No close above resistance and drop: https://www.tradingview.com/x/in3nOprG
This is how weekly looks like and where the buy area is.
This is how weekly looks like and where the buy area is.
Those that are waiting for alt season are missing out on a Bitcoin season.
If institutions are comig, they will be buying Bitcoin not shitcoins. If Bitcoin goes up, it may trigger major alts to go up but the projects that have no value are going to be delisted from all exchanges and die.
If institutions are comig, they will be buying Bitcoin not shitcoins. If Bitcoin goes up, it may trigger major alts to go up but the projects that have no value are going to be delisted from all exchanges and die.
Buy XRPBTC on Bitmex.
Entry: 4900-5100 sats
Stop loss: 4599
Targets: 6000, 6800.
Good luck!
Entry: 4900-5100 sats
Stop loss: 4599
Targets: 6000, 6800.
Good luck!