1/ Understanding big picture market movement + the importance of having a plan and taking action to be succesful in the markets and in life.๐๐๐
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@jasonpizzino Worst case BTC re-tests 69k resistance nex week...
Have you watched Elon Musk and Saylor new YTB video "Why BTC 1M by 2023?" Its pretty good and accurate๐ช
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If BTC dominance can get above 45.5% and hold, alts are going to continue to bleed...๐
Hodlers, please learn TA, and protect your bags.
Alts can still fall much more from here๐
- Interesting to see the Total Crypto marketcap, Total 2 Marketcap (everything except BTC) and Total 3 Marketcap (everything except $BTC and $ETH), all holding up on the 61.8 fib.
- A breakdown from this level would put crypto on a very weak position, and more pain would follow๐
$BTC analysis update๐
- More sideways price action from BTC, and from the rest of the crypto market
- BTC continues to flirt with the danger zone.
- 3rd retest of the danger area, Usually the 4th time re-test breaks the level...
- Lets see if BTC can hold and get bullish >31.5k
$BTC analysis ๐
- Letยดs see if BTC can get the breakout above 31.5k, and then potentially we will see a nice bounce up in the whole crypto market๐
- If we do, there will be many altcoin trade opportunities
- Letยดs see what happens...
$BTC analysis short-term๐
- atm $BTC looks strong and will just churn sideways until it can get a clear break from this trading range between 31.5k and 28.5k
- Above 31.5k $BTC is bullish and might test 34k๐
- Below 28.5k $BTC is weak and the lows of 26k might be tested again๐
@dinorex8971 Not sure yet mate. But nothing is out of the cards. I think we might have some period of consolidation now, for months potentially, and we might see sub 28k, in the coming months. Still long-term these are amazing prices๐
$BTC analysis ๐
- After the extreme fear we saw, BTC has bounced beautifully in the weekly chart, closing in above the summer of 2021 lows
- Extreme weekly volume, one of the highest ever for BTC
- Potentially looking like a very good low
- Now, some consolidation before the๐๐
Buying the dip ๐๐
- I have bought this dip. And will continue to DCA into BTC and ETH at these current levels
- Was looking for a major low in late Q2 or in Q3, so according to time analysis, price analysis and to risk-reward, this is a very good level to fill my long-term bag
Bitcoin Macro Low ? ๐
- There is a good possibility that we are seeing a significant low for $BTC at the moment
- Significant volume has entered the market (whales buying, certainly)
- Fear at truly extreme levels