So many people have tried to short this bull run its appalling use Alt + i It helps to see things in a way that's beneficial. Psychologically it also helps.
When downtrend is broken that only means one thing. It's a recovery for the next bull cycle. I'm selling at the end of 2023.
Be patient. Selling Q3 or Q4 of 2025. Until then just wait or buy and hold. The cycle is normal and everything is normal.
Jan 2024 was rough, and it closed a Red? doji. I mean it closed green but shortly would became red if we waited 4 hours later. Err... not a good sign for bulls. The weather might be changing... Would be a time to exit now.. or even end of Feb if it closed actual RED.
The RSI circled in white suggests we've hit the bottom. It follows the same idea way back then. The yellow circles suggest we'll have to wait for 4 to 12 weeks before we make any significant moves up. So in the meantime, its all sideways from here until we hit the moon. Find a good buy entry... UNTIL THEN !
We had a good year last year, this means the mainstream will become confident and start getting in thinking once more "this time it'll be different". Target = Anything above 100k but I'll have to wait and see whether we'll get a deep retracement first before deciding its time to go. Its contingent. Don't sweat the small movements, overall trend is bullish.
Are you ready for another whole month of INDECISION?!
Chill out boyos and recognize this is just normal behavior. Those who flip bear never seen a double top and are likely to get rekt tryna short.
Crypto market is recovering. Hodl hard and by June we'll be ramping bigly into the stratosphere. If you are shoring. Hope its only for short term or scalps. Ignore all the market noise. Turn off the fud machine and just let nature do its thing.
In bull markets. Ascending wedges break upwards. Don't ask why. it happens. we going to 50k.
The long term support of bulls is dead. This obviously means we are in a bear market. We're going to zero you guys. Look at the chart. It is SO BEARISH RIGHT NOW.
I'm only buying at the support levels. Just know that BTC can retrace over 80% (or even around 90%) and it often does in a big bear market. So yeah... hold off for a bit. I got orders around the 6700 for now.
I think there's at least more more leg down. 9700 should hold and finally end the bear run. Just relax, go out do something and come back in a few months
ABC Wave correction inbound. Finding the top of Wave B should'nt be too hard if my Fib strategy works. Wave C is going to hit as hard as Wave A so i'm willing to hold shorts on it for a bit.
For testing only. To see if market moves price into the fibonacci structure to get good short entries.
BTC + Alts is undergoing huge correction atm. But I think BTC may have a play at going up another few legs. Apart from the market noise I think the golden fib at around 8960ish is still a good place to get some buys going. Coincidentally it's also the trend line of the IHNS at the beginning of 2020. I will wait for price to come to me. Target is 10400 to double...
BTC has fallen thru its bullish channel. I think alts will also soon follow suit. Time to short local resistance and I anticipate lower highs and lower lows. But watch out for that support target. We might bounce off it. For a possible small long entry and reshorts later.
I'm going to keep an eye out on EOS for a bit. From what I think i know. Channel breaks more or less confirm or solidify trend reversal. We'll probably get a repeat of what happened in 2019 if we get a bear flag outside the bullish channel.