💭 Most people still don’t know anything about Bitcoin except its price.
But they don’t know why Bitcoin has a price in the first place. Hence the skepticism!
💡When you don’t know why something has a price, it is impossible to understand how much it can really be worth.
But they don’t know why Bitcoin has a price in the first place. Hence the skepticism!
💡When you don’t know why something has a price, it is impossible to understand how much it can really be worth.
☝️That's what we call accuracy🎯 Look how it reached the target and retraced. It took less than one day to make +18% on this trade!
CryptoBullet
💭 Most people still don’t know anything about Bitcoin except its price. But they don’t know why Bitcoin has a price in the first place. Hence the skepticism! 💡When you don’t know why something has a price, it is impossible to understand how much it can…
Bitcoin Value Proposition
We believe that never in our life-time we will have something that is so disruptive on such a big scale.
📍Bitcoin is unfakeable digital gold with limited supply (21M) that you can instantly teleport from one impenetrable vault to another, opened only using your self-generated password, nobody able to stop your payment, with no registration or intermediary required.
In the 90s people couldn't imagine that the Internet would replace newspapers, TV, phone calls, shops & many other things.
💡Today, people can't imagine Bitcoin becoming mass adopted money. Bitcoin will do to money what Internet did to information. And money is a way bigger market.
Now let's consider the buckets that people store value in:
Gold: $8T
Stocks: $75T
Fiat: $90T
Real Estate: $220T
Then someone figured out how to make an Internet-native digital scarcity, thus:
Bitcoin: $60B
In a post-industrial Internet age, do we really think it'll remain a thimble not a bucket?
We believe that never in our life-time we will have something that is so disruptive on such a big scale.
📍Bitcoin is unfakeable digital gold with limited supply (21M) that you can instantly teleport from one impenetrable vault to another, opened only using your self-generated password, nobody able to stop your payment, with no registration or intermediary required.
In the 90s people couldn't imagine that the Internet would replace newspapers, TV, phone calls, shops & many other things.
💡Today, people can't imagine Bitcoin becoming mass adopted money. Bitcoin will do to money what Internet did to information. And money is a way bigger market.
Now let's consider the buckets that people store value in:
Gold: $8T
Stocks: $75T
Fiat: $90T
Real Estate: $220T
Then someone figured out how to make an Internet-native digital scarcity, thus:
Bitcoin: $60B
In a post-industrial Internet age, do we really think it'll remain a thimble not a bucket?
#BTC
📍We are sitting right at the resistance cluster. 4200 has been very impressive overhead resistance for price.
But here's the thing: Resistance is only resistance once. 4200 has been crazy resistance already. It's not resistance anymore. It's a level that is going to break.
[ If the resistance gets touched for the third or the fourth time, it becomes a level that is gonna get overtaken. Yes, it may reject price again, but the probability of that happening is 10% ]
As it's been so long below this 4200 mark, if we do pop above it, we're gonna take a pretty good run close to 5k and then it should be the end of it.
❗️But it's gonna be difficult to get to 5k, because now longer term MAs are below 5k and we quickly getting down. If it takes us 3 weeks, it will be difficult to get above even 4500-4700, just maybe on a wick or a big spike up.
💣 Look at the CMF on the daily! It's the highest it's been all year. This means amazing accumulation and ready for a break out.
📍We are sitting right at the resistance cluster. 4200 has been very impressive overhead resistance for price.
But here's the thing: Resistance is only resistance once. 4200 has been crazy resistance already. It's not resistance anymore. It's a level that is going to break.
[ If the resistance gets touched for the third or the fourth time, it becomes a level that is gonna get overtaken. Yes, it may reject price again, but the probability of that happening is 10% ]
As it's been so long below this 4200 mark, if we do pop above it, we're gonna take a pretty good run close to 5k and then it should be the end of it.
❗️But it's gonna be difficult to get to 5k, because now longer term MAs are below 5k and we quickly getting down. If it takes us 3 weeks, it will be difficult to get above even 4500-4700, just maybe on a wick or a big spike up.
💣 Look at the CMF on the daily! It's the highest it's been all year. This means amazing accumulation and ready for a break out.
#BTC Weekly
Now let's talk about what really bothers us:
Current weekly candle is on a TD-9 and there are concerns that it will pullback the market. How hard can we drop? The 100-Day MA could catch us again (currently at 3760). ⚠️ To save the structure we shouldn't go below the ascending trendline.
📌 Due to this we can expect 4200 area to reject the price one more time before we eventually break to the upside. Greed & Fear Index is pretty high (62), which also favors for the resistance to reject the price.
So, it's definitely time to be cautious.
Now let's talk about what really bothers us:
Current weekly candle is on a TD-9 and there are concerns that it will pullback the market. How hard can we drop? The 100-Day MA could catch us again (currently at 3760). ⚠️ To save the structure we shouldn't go below the ascending trendline.
📌 Due to this we can expect 4200 area to reject the price one more time before we eventually break to the upside. Greed & Fear Index is pretty high (62), which also favors for the resistance to reject the price.
So, it's definitely time to be cautious.
CryptoBullet
#BTC 📍We are sitting right at the resistance cluster. 4200 has been very impressive overhead resistance for price. But here's the thing: Resistance is only resistance once. 4200 has been crazy resistance already. It's not resistance anymore. It's a level…
Yesterday we warned you that this thing was going to explode from the daily perspective. CMF looked great and resistance level was going to get overtaken eventually.
We smashed through the 200-Day MA and hit 5k exactly like we mentioned yesterday.
This pump has been amazing and we hope you have been able to take some profits.
📌 This week is far from over, we need to see a close on the weekly chart. This pump doesn't mean the bear market is over.
Don't forget that we have TD-9 on the weekly chart, which means take your profit.
⚠️ There are high chances that the final bull trap we've been looking for since January is in.
We smashed through the 200-Day MA and hit 5k exactly like we mentioned yesterday.
This pump has been amazing and we hope you have been able to take some profits.
📌 This week is far from over, we need to see a close on the weekly chart. This pump doesn't mean the bear market is over.
Don't forget that we have TD-9 on the weekly chart, which means take your profit.
⚠️ There are high chances that the final bull trap we've been looking for since January is in.
#BTC update
Don't get lost in the euphoria. As positions are starting to reach crazy targets, get comfortable taking some profits. We want to be crazy bullish but the truth is there will be a pullback and it is always smart to secure some money.
You never know when we might get a flash crash pullback, but TA says that there're high chances to reverse this week (Today-tomorrow). Why?👇
⚠️ We have a bunch of TD-9 coming on the weekly, daily, 12h timeframes. It's very exciting from a technical point of view to be able to see a confluence of such many things at such an important time.
Also there are signs of bull exhaustion: long upper wick attached to yesterday's candle adds credence to overbought reading on daily RSI. In addition today's candle currently looks like a doji.
📌We think that BTC topped yesterday around 5.3k and now ready for a pullback.
Don't get lost in the euphoria. As positions are starting to reach crazy targets, get comfortable taking some profits. We want to be crazy bullish but the truth is there will be a pullback and it is always smart to secure some money.
You never know when we might get a flash crash pullback, but TA says that there're high chances to reverse this week (Today-tomorrow). Why?👇
⚠️ We have a bunch of TD-9 coming on the weekly, daily, 12h timeframes. It's very exciting from a technical point of view to be able to see a confluence of such many things at such an important time.
Also there are signs of bull exhaustion: long upper wick attached to yesterday's candle adds credence to overbought reading on daily RSI. In addition today's candle currently looks like a doji.
📌We think that BTC topped yesterday around 5.3k and now ready for a pullback.
#BTC
The weekly chart is coming up to the 50-Week MA, which is at ~ 5650 by now.
Current week is looking like a reversal candle (doji at the top). The drop is imminent, but there's something to pay attention to.
👉 Today BTCUSD shorts have hugely dropped within a minute. Someone very large just gave up on shorting BTC for now.
👉 BTC is forming an ascending triangle on the 1h chart. Target is ~ 5650 which is right in line with horizontal resistance.
💭 We still have room to the upside. We can even make it all the way to 6k resistance and still be in a bearish market. Let’s see how this week concludes.
The weekly chart is coming up to the 50-Week MA, which is at ~ 5650 by now.
Current week is looking like a reversal candle (doji at the top). The drop is imminent, but there's something to pay attention to.
👉 Today BTCUSD shorts have hugely dropped within a minute. Someone very large just gave up on shorting BTC for now.
👉 BTC is forming an ascending triangle on the 1h chart. Target is ~ 5650 which is right in line with horizontal resistance.
💭 We still have room to the upside. We can even make it all the way to 6k resistance and still be in a bearish market. Let’s see how this week concludes.
MACD, RSI, CMF say we are loosing momentum, so we are skeptical on this ascending triangle. This is not one of those ascending triangles that we think has a 70% chance of breaking out to the upside.
XBTUSD 📉Short
Entry points: 5260 (10%); 5440 (10%)
Leverage: 5x
Target 1: 5080
Target 2: 4940
Stop 5500 (if the stop is hit, you will lose 2.4% of the deposit)
XBTUSD 📉Short
Entry points: 5260 (10%); 5440 (10%)
Leverage: 5x
Target 1: 5080
Target 2: 4940
Stop 5500 (if the stop is hit, you will lose 2.4% of the deposit)
CryptoBullet
MACD, RSI, CMF say we are loosing momentum, so we are skeptical on this ascending triangle. This is not one of those ascending triangles that we think has a 70% chance of breaking out to the upside. XBTUSD 📉Short Entry points: 5260 (10%); 5440 (10%) Leverage:…
Second target reached ✅ Profit 41%!
Congratulations to those who followed the signal.
Congratulations to those who followed the signal.
XRP/BTC
XRP looks pretty good from here as we approach the support trendline (make it📈 or break it📉)
RSI oversold + possible higher low. Divergence would be first sign of bear exhaustion.
Also forming a mega bull div. on the CMF on the daily and 4h
Everything here screams bull party.
❗️Always practice risk management
XRP looks pretty good from here as we approach the support trendline (make it📈 or break it📉)
RSI oversold + possible higher low. Divergence would be first sign of bear exhaustion.
Also forming a mega bull div. on the CMF on the daily and 4h
Everything here screams bull party.
❗️Always practice risk management
#BTC Weekly
On the weekly chart we see that the previous week closed as a doji at the top, which looks like a potential evening star doji pattern (bearish reversal formation). 4600-4800 is the first target zone for the correction.
The price still has room for some upside, but it's limited by the 50-Week MA (currently at 5550): we may get to it and reverse there.
📌 Pay attention to the 50-Week MA, 50-Week EMA & 100-Week EMA. Look how they nicely align and form a significant resistance cluster. Again! Back in 2015 they rejected the price which led to a very nasty 30% drop.
This time around it may be different and we will blast through the MAs (which is doubtful), but buying at a strong resistance is not a good idea.
On the weekly chart we see that the previous week closed as a doji at the top, which looks like a potential evening star doji pattern (bearish reversal formation). 4600-4800 is the first target zone for the correction.
The price still has room for some upside, but it's limited by the 50-Week MA (currently at 5550): we may get to it and reverse there.
📌 Pay attention to the 50-Week MA, 50-Week EMA & 100-Week EMA. Look how they nicely align and form a significant resistance cluster. Again! Back in 2015 they rejected the price which led to a very nasty 30% drop.
This time around it may be different and we will blast through the MAs (which is doubtful), but buying at a strong resistance is not a good idea.