Bitcoin hit $7700
In my opinion, the bottom has been reached but it doesn’t mean we’ll go up straight from this point.
Looking at the current price action, I expect to see a ranging market for the next two weeks between $6900 and $7700 that would be bullish in my opinion and after which, we can see some nice moves up.
In my opinion, the bottom has been reached but it doesn’t mean we’ll go up straight from this point.
Looking at the current price action, I expect to see a ranging market for the next two weeks between $6900 and $7700 that would be bullish in my opinion and after which, we can see some nice moves up.
Weekly is showing the same scenario.
It printed an amazing weekly candle after taking the previous low but it is still below the main resistance.
The real bullish momentum, in my opinion, will happen after we have a weekly closure above $8.5k.
Then we can expect the beginning towards a new high.
Don’t get me wrong, the situation is pretty good.
Bulls are there but don’t be disappointed if you don’t see price mooning.
The more we accumulate in this area, the higher we will go!
Mark my words!
It printed an amazing weekly candle after taking the previous low but it is still below the main resistance.
The real bullish momentum, in my opinion, will happen after we have a weekly closure above $8.5k.
Then we can expect the beginning towards a new high.
Don’t get me wrong, the situation is pretty good.
Bulls are there but don’t be disappointed if you don’t see price mooning.
The more we accumulate in this area, the higher we will go!
Mark my words!
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Bitcoin got rejected from $7700 and it’s currently at $7300 (mentioned support in one of the previous updates).
In my opinion, the green area is for buying targeting a breakout of $7700 that would lead $8500.
Great setup and target with the opportunity to put tight stop loss make this potentially very profitable setup.
In my opinion, the green area is for buying targeting a breakout of $7700 that would lead $8500.
Great setup and target with the opportunity to put tight stop loss make this potentially very profitable setup.
Liftoff 🚀🚀🚀
It’s going in our direction. 😁
If you get in that trade, don’t try to manage it by moving to break even or something like that.
We are still in the manipulative area where we can still see a wick our entry and then move up.
So just wait and let it go, do not attach yourself emotionally to the trade or the current profit you’re in.
We are waiting to see which formation is about to form so maybe we can get an opportunity to add even more to the trade.
It’s going in our direction. 😁
If you get in that trade, don’t try to manage it by moving to break even or something like that.
We are still in the manipulative area where we can still see a wick our entry and then move up.
So just wait and let it go, do not attach yourself emotionally to the trade or the current profit you’re in.
We are waiting to see which formation is about to form so maybe we can get an opportunity to add even more to the trade.
Shame on YouTube 🤮🤮🤮
Look for alternatives.
LBRY project could be one of them.
Look for that coin guys, the current price is $0.21 it may explode if this shit continues!
Price in BTC is only 300 sats and its all-time high was 30 000 sats.
#Just Saying
Look for alternatives.
LBRY project could be one of them.
Look for that coin guys, the current price is $0.21 it may explode if this shit continues!
Price in BTC is only 300 sats and its all-time high was 30 000 sats.
#Just Saying
Just to mention, I am not saying LBRY will reach new all-time high but it can easily make 3-5x.
High risk, high reward opportunity!
High risk, high reward opportunity!
Crypto Signals via @vote
Do you think LBRY has some chance to get attention throughout this YouTube drama and make 3-5x?
anonymous poll
No – 103
👍👍👍👍👍👍👍 60%
I have no idea – 36
👍👍 21%
Yes – 33
👍👍 19%
👥 172 people voted so far.
anonymous poll
No – 103
👍👍👍👍👍👍👍 60%
I have no idea – 36
👍👍 21%
Yes – 33
👍👍 19%
👥 172 people voted so far.
Crypto Signals
Liftoff 🚀🚀🚀 It’s going in our direction. 😁 If you get in that trade, don’t try to manage it by moving to break even or something like that. We are still in the manipulative area where we can still see a wick our entry and then move up. So just wait and…
And as I said, they dumped it right back to the entry while not invalidating the initial setup.
You need some serious skills and a lot of experience in the market to forecast something like this!
While am I keep holding?
Because the potential reward is enormous compared to the risk and I don’t care for small wins.
I am going for a big one this time.
If I lose, at least I would know what I was waiting and target for rather than entering random trades without any target in mind.
You need some serious skills and a lot of experience in the market to forecast something like this!
While am I keep holding?
Because the potential reward is enormous compared to the risk and I don’t care for small wins.
I am going for a big one this time.
If I lose, at least I would know what I was waiting and target for rather than entering random trades without any target in mind.
Is this a perfect scenario for bulls?
Most people would say no but after we printed obvious bearish signs in the market (today's daily candlestick), I see a lot of people becoming bearish placing their stops above today's wick which is perfect for the entire setup.
If we come close to $7400, I expect $7700 and even more easily just because of the thing I've just mentioned.
The today's daily closure wasn't at an important resistance, it was in the range and that's why it has little to no value in overall direction.
If we get this candlestick on a resistance, that's bearish.
This formation in a range means nothing and usually serves to create fake momentum in the market.
Most people would say no but after we printed obvious bearish signs in the market (today's daily candlestick), I see a lot of people becoming bearish placing their stops above today's wick which is perfect for the entire setup.
If we come close to $7400, I expect $7700 and even more easily just because of the thing I've just mentioned.
The today's daily closure wasn't at an important resistance, it was in the range and that's why it has little to no value in overall direction.
If we get this candlestick on a resistance, that's bearish.
This formation in a range means nothing and usually serves to create fake momentum in the market.
And just a little update to LBRY coin.
I think we forgot 2017 and moon missions that were happening.
This coin has a perfect competitor (YouTube), a perfect reason for the hype (YouTube deleting videos) and extremely low market cap.
This is not financial advice but I see this coin making 3x easily.
It just made 20% in the last 3-4 hours and hype didn’t even start.
I think we forgot 2017 and moon missions that were happening.
This coin has a perfect competitor (YouTube), a perfect reason for the hype (YouTube deleting videos) and extremely low market cap.
This is not financial advice but I see this coin making 3x easily.
It just made 20% in the last 3-4 hours and hype didn’t even start.
Looking at the current situation on Twitter, more and more content creators are moving to LBRY from YouTube.
This project has enormous potential especially after seeing all these big guys actually moving and using LBRY.
It’s not one of the shitcoincs that has idea on paper.
They have live project that’s doing great and market cap is still below $10 million.
The potential is huge, that’s all I can say!
This project has enormous potential especially after seeing all these big guys actually moving and using LBRY.
It’s not one of the shitcoincs that has idea on paper.
They have live project that’s doing great and market cap is still below $10 million.
The potential is huge, that’s all I can say!
ETHUSD chart is forming a bullish price pattern in the important support area of $120.
Since ETHBTC pair doesn’t look bullish, this adds up to our bullishness on XBTUSD because, in order for ETHUSD to go up, either ETHBTC or XBTUSD has to go up (or both of them in the best case).
One more reason why we still think that Bitcoin has reached the bottom of this downtrend and that some bullish action is right behind the corner.
Since ETHBTC pair doesn’t look bullish, this adds up to our bullishness on XBTUSD because, in order for ETHUSD to go up, either ETHBTC or XBTUSD has to go up (or both of them in the best case).
One more reason why we still think that Bitcoin has reached the bottom of this downtrend and that some bullish action is right behind the corner.