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Bitcoin is so bullishBitcoin appears to have entered a bull market phase, which is characterized by an upward trend in prices over an extended period. While some traders may be focused on short-term gains, it is important to remember that in bull markets, the best strategy is often to hold onto your investments for the long term. Short-term trading can be tempting, but it can also be risky. In a bull market, prices can be volatile and unpredictable, making it difficult to accurately time trades and exit at the right moment. Additionally, short-term traders are more susceptible to market fluctuations and can be easily shaken out of their positions by sudden drops in price. On the other hand, investors who hold onto their Bitcoin for the long term are more likely to see consistent gains over time. While there may be some fluctuations in price, these are generally smoothed out over the long term, allowing investors to benefit from the overall upward trend in the market. Of course, this does not mean that long-term investors should simply hold onto their Bitcoin without paying attention to market conditions. It is still important to monitor the market and make informed decisions about when to buy or sell. However, the focus should be on the long-term trends rather than short-term gains. In conclusion, it is my belief that Bitcoin has entered a bull market and that investors who hold onto their investments for the long term are likely to see consistent gains over time. While short-term trading can be tempting, it is important to remember that in bull markets, the best strategy is often to hold onto your investments and ride out any fluctuations in price. As always, investors should carefully monitor market conditions and make informed decisions based on their own risk tolerance and investment goals.
BNC:BLXLong
by MRPOLITICS
🔥 BTC Potential Massive Reversal NOWAs of today's sell-off, Bitcoin has reached the bottom of the bullish channel in which it has been trading since the summer. Today's sell-off in the market was triggered by fresh COVID news. A new variant has been discovered which is even more dangerous than the current Delta variant. Several countries and regions banned flights from the southern African region, which spooked the market and triggered a sell-off. News is always scary since conventional TA is much less usable. However, more COVID bad news = more economic stimulus = good news for assets. So I'm expecting this news to blow over and that Bitcoin will hold the channel's support. Before entering a trade, wait for a strong larger time frame candle to confirm the bounce. Risk loving traders might want to step in already now. Where do you think that BTC will be going? Happy trading!
by FieryTrading
26
BTC - D1 - PRIMARY DOWNTREND LINE RESISTANCE BROKEN ... BUT !Good morning to all my followers and others as well :-) Today, we are going to carefully looking at the daily time frame where for the first time the primary downtrend line resistance has been broken on a daily closing ! This should be seen as a positive signal but should also be considered cautiously for the time being !!! Why ? 1) There are potential bearish divergences in progress on several indicators; 2) Lagging line has not broken the clouds resistance zone and is still in the clouds (neutral); 3) There is also a potential double top in progress. Therefore, following the breakout above mentioned, it will not be surprising to see a pullback price action toward the former downtrend resistance line, currently around 40'500; interesting to note that this level also coincides with the TS or conversion line @ 40'630 . Today's closing level should already give some additional clues for the upcoming session (s). Watch also carefully price action on shorter time frames which are already showing bearish divergences... Should my expectation be wrong, next resistance level to look at will be on a weekly basis at : 1) 43'813 (MBB) - intraday high so far 43'960 2) 46'747 (KS) ONLY A WEEKLY CLOSING ABOVE 46'747 WOULD NEUTRALISE THE ONGOING DOWNSIDE RISK IN OPENING THE DOOR FOR FURTHER UPSIDE TOWARDS 50'000 AND HIGHER LEVELS AHEAD OF THE HH @ 64'895 If you find my analysis value added for you please do not forget to like it and if you do not follow me yet, please, also add Ironman8848 in your following list. Many thanks in advance. Have a great weekend, have fun and take care, all the best and may your long goes up and your short goes down :-) Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
2
No, it wasn't Elon Musk. Bitcoin was exhaustedHello Everyone, I've been seeing a lot of tweets and posts suggesting this drop and the few more to come are a result of Elon Musk's tweet about Tesla no longer accepting bitcoin. How can you blame one man's tweet, that even states "Tesla will not sell it's Bitcoin" for the drop in price? Here's the truth: Bitcoin has been far over extended since the first move to $60,000 in the middle of March. On top of that, Bearish divergence has been building on MACD, RSI, and price action. Let's look at volume, as the price kept moving up, volume kept moving down. This is class A bearish price action. This drop was very obvious from the final move to $65,000 then the retest (right shoulder of the HS) of $60,000. Elon Musk may have thrown a match into a pit of gasoline, but so many other factors were doing the same. This market needs to cool off to gain more investor interest to make higher highs. Bitcoin has finally tested its 20 weekly MA after 5 months of not being anywhere close. Are we in a bear market? No, we are still far from a bear market. My guess is that we see a similar move to the chart on the right. There was a valid HS, Bitcoin dipped 10%, then it consolidated. After consolidation, it was moon time. I imagine something similar will happen. This head and shoulders is to reset the market for another large move upwards. I hope this helps clear the air. Price action, in my opinion, is the best way to indicate the health of a market move. Exhaustion was inevitable. As always, be patient, have risk management, and good luck trading!
BITSTAMP:BTCUSDLong
by RomanXIV
3
🔥 AVAX Channel Break-OutAVAX has been trading in a bearish channel since it hit its all time high a week ago. Today, it confidently broke out of said channel, following Bitcoin's bullish move. At the moment, Bitcoin is experiencing a small bearish correction. AVAX, on the other hand, appears to be unaffected by said correction. This leads me to believe that this break-out will continue to produce bullish price action in the coming days. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence. Happy trading!
Long
by FieryTrading
18
🔥 BEL/USDT Strong Daily Price Action: Channel AnalysisBEL/USDT has been showing an increase in volume and volatility over the last couple of days. With yesterday's 30% candle, I think there is more room for short term gains for this pair. I'd advise waiting until the price has corrected a bit. The $2 area seems like an excellent buying opportunity. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs/lows and round numbers. Do your own due diligence. Happy trading!
Long
by FieryTrading
12
Bitcoin 4hr analysis 1-9-2021Good morning fellow bulls and welcome to the Bitcoin show. Today I have the 4hr time frame pulled up believe it or not and I can see 40k is still a reality. I keep expecting to wake up to a dip but nothing has materialized yet so color me optimistic. As family and friends start to notice Bitcoin (finally) I worry that this could indicate a sell signal. LOL. I remember back in 2017 when the run was in full swing. When noobs started taking notice the rug was pulled and we dipped. I am not convinced that is going to play out this pump but you better believe I am preparing for one just in case... This run feels different to me that 2017. I will explain myself in the coming paragraphs. So pull up a bean bag and grab a cold one. Lets get this party started. I have a trend I drew on the chart recently and its still active. As long as we remain inside the borders of said trend up is the likely direction of the candles path. Ive said it before and Ill mention it now, the weekend can be boring and we may finally see that now that the holidays are over and everyone is getting back to a normal 9-5 life. But if you look at the last 2 or 3 weekends you would not think the weekend was a period of calm. Quite the opposite in fact. We saw major gains the last few weekends and this weekend may very well be more of the same. Only time will tell for sure, but I know after filling the gap last Monday (3500 dollar gap) in a matter of hours I will be watching for that gap to form this weekend. Now the trend on the chart is ascending in nature. That means it will likely end in a break down. Thats the way these things work. We climb the trend until the bulls had their fill and the trend support breaks and we fall to former resistance which is now support. I drew a few areas that I am looking for support in the event of a drop. We have been in the current trend for around 5 days at this point and there are multiple instances of the candles respecting the trend. The earlier you identify a trend like this the more likely you are to profit off the knowledge. Identifying trends early is the key. Just remember the trend is your friend. They dont just say that for their health. I know that when we were knocking on 20k's door a few weeks ago I expected us to break 20k. Mission accomplished. But I will be the first to admit 40k was way off my radar. Call me a pessimist or whatever but I assumed 25k would be an accomplishment. 40k is just insane. If you would have told me 40k was in play a month ago I would have scratched my head. Most of this run could not really be charted due to factors outside of traders control. Things like a pandemic, stimulus payments and unemployment all played a factor in this run. Not to mention the things we can see on the chart that caused the run i question (halving, breaking 2.5 year resistance, broke 20k.. .etc) Like I mentioned many times already it was the perfect storm. This perfect storm of bullish goodness took us far above 25k. I guess the lesson here is dont underestimate the bulls... So its January 9th and we have not seen a dip. I was on the fence about a possible dip as tax season is around the corner and anyone that took profit last year is likely to owe a pretty satoshi this year. At least if you are in the US this is the case. The thing about this is 2021 is kind of strange as stimulus money has been flowing into many Americans bank accounts. This has almost certainly effected BTC's rise IMO. The stimulus has been a double boon for BTC. You see the stimulus money being dumped into peoples banks resulted in disposable income. Income that ultimately ended up in Bitcoin. Not all of it obviously but even if .5% of that stimulus money ended up in the BTC market cap that likely caused a decent rise. That coupled with fomo make BTC unstoppable. People getting stimulus money has also stopped people from cashing BTC out at this time. They would rather keep that BTC in a bull market and use the USD they received in the stimulus to pay their tax obligations. Anyways I just thought I would drop my 2 sats on the current market. We have far surpassed my expectations and I would love to see more bull candles. I would love to see 50k and its certainly within our reach. I wont count my BTC before they are mined but I will tell you that Im not betting against the bulls at this point. They have shown they are for real this run... Can this bull run extend into mid January? I mean every second we stay above 40k in 2021 is a win IMO. I was not sure if the dip would happen in the new year or not and things look good so far. Stocks remain strong at the moment as well along with many alts. They seem to waking from their 3 year old slumber. Maybe the bag of telcoin I bought nearly 3 years ago is worth something now? LOL. Either way I hope you all enjoy your weekend my friends. Please be smart on the chart. Make good smart choices. And always remember WTFDIK??? TLDR: If you have loads of Bitcoin and you need cash now... Call JG Wentworth... 877 Cash Now!!! 877 Cash Now... 877 Cash now!!!
by UnknownUnicorn4304403
1
XVG entry opportunityPlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support. -------------------------------------------------------------------- XVG or Verge has - like many others - been through a several month period of consolidation. The yellow box goes all the way back to the beginning of Juli 2019. So that's almost twelve months of rangebound "action". This meant that XVG was overdue for a breakout. It wasn't as fierce as the one we saw on Zilliqa or Cardano. But fortunately this puts Verge on my "to watch"-list. - Breakout of 45% - Descending wedge/channel = bullish - Found resistance at the weekly level (101 sats) - Had a healthy retracement - Volume is declining I'll be looking for a further continuation down towards the weekly support level around 66 sats, which is also the top of the range Verge broke out of. Targets: - 77 sats (16%) highly probable - 82 sats (23%) highly probable - 101 sats (52%) ambitious *No financial advice, just my own perception
XLong
by Coinathlon
1