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Stocks are back at all time highs, Bitcoin touched 78k and while last week people were still calling 50% corrections on the S&P 500, this week feels unreal.
Let's take an objective look at the charts:
Bitcoin is now repeating a move it has done multiple times before during bear markets.
I believe a rejection at the daily EMA200 / 0.5 FR is a possible scenario.
HOWEVER: WE WILL NOT DIVE TO 40k AS SOME PREDICT. I believe in 2 scenarios: A) Pullback to somewhere between 65k - 70k or - should stocks correct further down now - into the green "Max pain" box.
Either way. Downside is limited. I am cautious and not buying here. My buying zone is 53 - 60k, in case we touch that again.
Next 6 months are bullish.
Bitcoin
The impulsive weekly candle in August should have made it clear. And yet, too many are afraid to believe.
It's coming: Year-end target 95-100k
Not financial advice.
@Dogi1313 That long wick down to fill the FVG is not completely off the table, I agree with that.
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Like in every cycle after a long bear market, people are paralyzed by disbelief.
Meanwhile, altcoins have quietly broken out, retested the trendline, and are getting ready to move higher.
Like in every cycle after a long bear market, people are paralyzed by disbelief.
Meanwhile, altcoins have quietly broken out, retested the trendline, and are getting ready to move higher.
@decodejar Sorry to hear, brother. All the best to you
First successful retest of support already happened.
Bitcoin is on track.
We're already in the bull market.
First successful retest of support already happened.
Bitcoin is on track.
We're already in the bull market.
Bitcoin
A retest from above is...?
Bitcoin
A retest from above is...?
Bitcoin
A retest from above is...?
Bitcoin
100k coming
Bitcoin
100k coming
Seems like the green range marked here indeed WAS max pain.
Some poor ones out there are still waiting for 40k and 30k and so on.
Just like the ones who waited for 10k after FTX happened.
Stocks are back at all time highs, Bitcoin touched 78k and while last week people were still calling 50% corrections on the S&P 500, this week feels unreal.
Let's take an objective look at the charts:
Bitcoin is now repeating a move it has done multiple times before during bear markets.
I believe a rejection at the daily EMA200 / 0.5 FR is a possible scenario.
HOWEVER: WE WILL NOT DIVE TO 40k AS SOME PREDICT. I believe in 2 scenarios: A) Pullback to somewhere between 65k - 70k or - should stocks correct further down now - into the green "Max pain" box.
Either way. Downside is limited. I am cautious and not buying here. My buying zone is 53 - 60k, in case we touch that again.
Next 6 months are bullish.
@Dogi1313 likely not happening. Hope you DCAed during the dump
Bitcoin
100k coming
@CryptexGuy_Dyor yes brother
Bitcoin Bull market kicked off
(assuming weekly close is green)
Check out my full length analysis on youtube (3:38m) https://t.co/b3oEEMpU1E
Bitcoin Bull market kicked off
(assuming weekly close is green)
Bitcoin is knocking at the door to bull territory.
Bitcoin update.
We have tapped the 38.2 Fibonacci retracement - looks like this was the small correction we needed.
Higher.
Bitcoin: First move towards our target zone.
I expect this to be a rather sharp move down and up again (V).
Like a hot knife through butter.
Bye bye, shorts.
Bitcoin is continuing it's first leg of the bull market!!!
#Bitcoin
like a hot knife through butter... ๐ก๏ธ๐ง
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