BTC needs to break the red resistance curve to continue its bullrun. Sooner or later this year it will happen. Once we get near the 90.000$ the most people and especially the crypto youtubers will spam their "100k are sooo close"-Videos. Thats when I'm about to sell my BTCs and the bullmarket is about to end.
All you need to do is just to ride the waves. Waves are everywhere and all around us! The time will come for all of us. And we're all gonna make it! Bitcoin is freedom for everyone!
EVERYTIME before BTC starts the REAL bullrun, it retested the weekly LSMA10. BTC will go down, and you cant do nothing about it!
Long term indicators are bullish. I'll buy at ~95€. NFA.
For me BTC is building a bullflag the next weeks. Its just like a pre-halving washout and 49.000$ was the midterm bullmarket top.
I'm gonna short BTC once it has reached ~45.000$ again, based on my previous ideas.
It seems like BTC is reaccumulating right now. The minimun price target would be 43k, the highest ~46k. Then its time for a distribution, followed by a selloff. As long as BTC stays above 31k, the bullmarket is still activ. Have a nice weekend.
If 15500$ was the first bottom of this bear market, then its time to retest the trendline in the chart. You can buy now and sell at the 0,786 fib lvl. This could be an impulsive wave. After that the double bottom will come, how deep will it fall? Well maybe back to 17000$ or even deeper.
Nvidia is clearly in a distribution phase. One fakeout to the top, then it'll drop hard. NFA.
An elliot wave count could predict that this could be the last Wave (5) of BTC. After that you will possibly never see BTC at these high prices ever again, or maybe 10+ years later. This is just an idea and could be completly wrong.
I'll buy some more BTC when it reaches the blue buy zone. Thats cause BTC has not retested the white trendline yet. BTC loves to retest previous trendlines.
The volatility in the markets will rise the coming weeks. Since the annoucement that there will come some interest cuts next year, the dumb money will flow into the market now. Market makers abuse this money to sell high now. Just be ready to see lower prices soon. But for me,and thats the important thing, the bull market has just begun. Have a good time.
So BTC got 2 resistance zones above it. I think the ABC correction wave is in play. Indicators are turning bullish in the weekly/monthly frames. Taking profits in both zones.
BTC is turning bearish, some indicators are showing bearish signs too. VFG zone should be a good zone to buy at lower prices.
BTC needs to stay above 31k. If BTC closes a week below 31k, it could drop down really hard. If BTC never gets a weekly close below 31k we will be fine. The fear & greed index is very high at the moment, just be careful. I would recommand to just hodl and wait.