BTC update

🎯 Target Reached! Profit 18% without leverage

BTC perfectly hit the top of the channel and got rejected there

Funding still flat, which is incredible

I think we’re not ready to breakout to the upside of this channel yet. Has to spend some time below the top. A pullback here will be a good buying opportunity

💡Going above today’s high would be insanely bullish. In that case I would expect 15k

Look how overheated the market was in 2019 at the same price we are right now - 13k

BTC

Unlike the 2019 rise to 13k, this time the funding doesn’t scream overbought at all

Sentiment is completely different! 🐂

Conclusion: there is so much room to go to the upside until we get a top

Quite bullish chart: Bitcoin Balance on Exchanges

We see that the number of coins on exchanges has been decreasing since February

📍 That is a sign of new HODLers coming in and buying Bitcoin and moving it to cold storage

[ That’s a very consistent bullish behaviour we saw in 2016 before the moon run of 2017 and also in the 3-4k bottom in 2019 before 13k top ]

And currently we are seeing the major scoop-up off these spot exchanges and moving coins to cold storage

It’s never been this long (very bullish) 🐂

🚀 BTC has officially exceeded the 2019 High!


The month of October closes today. Very curious at what price November will start

🎉 Happy 12th Birthday Bitcoin!
Oct. 31st, 2008 Satoshi Nakamoto shared the Bitcoin whitepaper with the world

From the Bitcoin whitepaper: “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution”

📌 To note:

Bitcoin: a digital currency with limited and known supply, no borders, and no central group controlling it.

US Dollar: a digital currency with unlimited and unknown supply, border restrictions, and controlled by a banking cabal.

What's in your wallet?

BTC Monthly

We’ve got the second highest monthly close in Bitcoin’s history!

If it does go above local highs and breaks through 14k, then I would be actually expecting this to lead to potentially a very big move

📍13.9k is a very significant level

If we can flip it to support, my next macro target is 17k 🎯

BTC weekly update

Look how perfectly that 1.618 Fib level is holding as resistance!

Last week’s candle closed just below it and this weekly candle is being rejected so far

🐂 This still has a lot of bullish momentum

🚀 100 consecutive days above 10k!

This is the longest Bitcoin has ever spent above the 10k level

We may never get a chance to see Bitcoin below $10,000 on the closing basis

BTC 👀

The current consolidation is very similar to what we had back in April 2019

It doesn't have to breakout exactly like that and repeat history, but what if…

MA200 has officially made an All-Time High!

This is very bullish for BTC 🚀

Look at what happened last time MA200 made ATH after a bear market

BTC entered a full-blown bull market!

So, that escalated relatively quickly 🚀

BTC skyrocketed according to my projection and hit my target 🎯

This is what a perfect call looks like

Update

🎯 Target Reached! Profit 37% without leverage

If we go higher, next target is 2.618 Fib (~ 19k)

Bitcoin had not had three positive consecutive quarters since 2017. During that year, BTC reached its all-time high at $20k following its second block reward halving in 2016

📍October has been a great month - BTC rose by 28.2%

The biggest moves on the market tend to happen in November-December

For instance, in November 2017 BTC went +54%

This month (November 2020) BTC is showing +11% so far

Excited what end of Q4 brings

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Bitcoin 90-Day Volatility has been contracting since the 20k top in December 2017

Big breakout to new all-time highs is coming!

More likely next year, but BTC can easily do it till January

BTC 4h

There’s an ascending triangle shaping up

We have a flat topside resistance at 15.8k (currently looking like a double top) and a rising support trendline (which is in line with EMA50) catching a series of higher lows

BTC was severely sold off when the funding was spiking. Right now it’s flat again

🐻 Breakage below EMA50 would ruin the bullish structure, so it’s a good point to manage your risk

🐂 To be bullish on this BTC consolidation I need to see a return to the top of the triangle. Until then we are in a no-trade zone

VET is printing an interesting bullish picture

We are in the apex of a Huge Falling Wedge

📍All it has to do is to break above EMA21, which is in line with the resistance line

Let’s zoom in

On the 4h we see an Inverse Head & Shoulders pattern

Volume is tailing off - breakout soon