David_Aus

David_Aus Updated 

Thumbs Up if you agree. Breaking the $20k All Time High so clearly is a psychological barrier that confirms, for the time being, Bitcoin's place in the market and as an appreciating store of value when money printing has deflated cash this year. Bullish confidence is high knowing the value proposition has been confirmed eg buy some Bitcoin today... and against...

David_Aus Updated 

Now that the black swan Feb/Mar Covid-19 crash is behind us, BTC has consolidated and resumed its uptrend finally breaking and holding above the key resistance at 10,500. See my Feb post for a variety of reasons why we are likely to see $12,000, a small bounce, then $13,800 now. Thumbs Up & Constructive comments appreciated.

David_Aus Updated 

Thumbs up & comments appreciated. Sorry for a basic chart without bells at this time. I'm often too busy to share the depth of my research. I'll just say that earlier I published a perfect trade to short Bitcoin down to $6500 - you can check that of course. This year we are seeing all the hallmarks of exceptional bullish momentum and another confirmation in the...

David_Aus Updated 

TL;DR – Many are saying Buy Now for Long positions. I suggest caution. In the short term, there is a high chance BTC will drop to $6500 and either bounce up from there or potentially dip much lower (potentially testing $6000 & $5500). I’m a fan of the BTC technology but have learnt over the Bull & Bear trends not to let ‘hopium’ cloud what we’re seeing in the...

David_Aus

BTCUSD may move lower before entering a bull run. See Dec 2019 post. Market liquidity is low so wicks are occurring but trend is still intact.