Crypto Signals
Bitcoin update Yesterday we marked important areas for Bitcoin. At this moment, a bearish scenario is in play. A daily close below the green area will endanger the strength of the trend. Waiting for close, it will tell us way more info.
Bitcoin update
We got the bearish move which was very explosive.
Is market bearish?
Not yet, but it can become if we don’t get retracement back to $58-60k area in day or two.
We got the bearish move which was very explosive.
Is market bearish?
Not yet, but it can become if we don’t get retracement back to $58-60k area in day or two.
This is the ideal scenario for bulls.
The mentioned low is very important because most of the longs will put stop loss there, below that low.
Because of that, we need to test that area and buyers have to defend it.
In that case, we’ll get bounce and we can say that the potential trouble area for Bitcoin with so many long stop-loss orders is not a that big problem and we have everything ready for the continuation of this bull market.
The mentioned low is very important because most of the longs will put stop loss there, below that low.
Because of that, we need to test that area and buyers have to defend it.
In that case, we’ll get bounce and we can say that the potential trouble area for Bitcoin with so many long stop-loss orders is not a that big problem and we have everything ready for the continuation of this bull market.
Crypto Signals
This is the ideal scenario for bulls. The mentioned low is very important because most of the longs will put stop loss there, below that low. Because of that, we need to test that area and buyers have to defend it. In that case, we’ll get bounce and…
Bitcoin Update
We’re testing the previous low and the price is currently trading below it.
The bullish scenario can still be in place but have to bounce back today or at least tomorrow.
Otherwise, we’re going further down towards the next bearish target at $43 000
We’re testing the previous low and the price is currently trading below it.
The bullish scenario can still be in place but have to bounce back today or at least tomorrow.
Otherwise, we’re going further down towards the next bearish target at $43 000
The correction we’re currently in is nothing compared to what we could see.
Because of that, avoid buying before confirmation (check post I shared this morning).
None of these levels are too low to be reached.
Yeah, these around $30k seem a little bit too much but these around $40k are more than realistic.
People get used to seeing green candles and most of them forgot how serious corrections could be in the crypto market.
Nothing is impossible.
A year ago we saw a 60% correction on Bitcoin in one day. After that, everything is possible and you should organize your plans accordingly.
I'll share positive signs once I get them.
Because of that, avoid buying before confirmation (check post I shared this morning).
None of these levels are too low to be reached.
Yeah, these around $30k seem a little bit too much but these around $40k are more than realistic.
People get used to seeing green candles and most of them forgot how serious corrections could be in the crypto market.
Nothing is impossible.
A year ago we saw a 60% correction on Bitcoin in one day. After that, everything is possible and you should organize your plans accordingly.
I'll share positive signs once I get them.
The second largest USDT deposit on exchanges happened yesterday. $2.37 Billion USDT deposited on exchanges. The largest deposit spotted on 3 February before the announcement of Tesla BTC buy.
Someone is buying the dip. There are a lot of public companies and millionaires waiting to get some BTC. Accumulation is going on before the rally.
Someone is buying the dip. There are a lot of public companies and millionaires waiting to get some BTC. Accumulation is going on before the rally.
Crypto Signals via @vote
Your opinion on Bitcoin?
anonymous poll
Bullish – 437
👍👍👍👍👍👍👍 67%
Bearish – 220
👍👍👍👍 33%
👥 657 people voted so far.
anonymous poll
Bullish – 437
👍👍👍👍👍👍👍 67%
Bearish – 220
👍👍👍👍 33%
👥 657 people voted so far.
There is rumour Facebook will annouce they hold #Bitcoin on their books when they release their quarterly results after trading closes tomorrow 🔥
Bitcoin Update
We saw a test of the resistance area. If we keep ranging just below the resistance, that’s a pretty bullish sign and we’re very close to breaking through that resistance.
The next 24-36h are very important to stay close to the resistance and then breakout is most likely to follow and bring us close to the new ATH.
We saw a test of the resistance area. If we keep ranging just below the resistance, that’s a pretty bullish sign and we’re very close to breaking through that resistance.
The next 24-36h are very important to stay close to the resistance and then breakout is most likely to follow and bring us close to the new ATH.