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BTCUSD what's going on??Bitcoin regression chart (Long-term) tips: 1- If the lowest price of bitcoin in this cycle consider about $ 14,000, there is a chance to reach this price until (Nov-Dec) 2022. So, do not rush to buy. 2- The maximum time for the downtrend of bitcoin, will be around March 2023. 3- Based on personal experience and past chart of Bitcoin, the probability of reaching the price of $ 14,000 is low and we will probably see an increase in buys at $ 17-20 k. 4- If a person buys bitcoin at a price below $ 25,000, it will most likely be in profit at 4th Halwing. 5- If you look at the previous ATHs, it is clear that after each cycle, the bitcoin ATH has decreased by one level. it is because of logarithmic price. its mean that the higher price, makes the lower growth rate anyways in the last cycle, ATH of bitcoin has decreased to the third line. So, we have to search the next bitcoin ATH in the fourth line level. 6- We can consider the whole history of Bitcoin (the last 12 years) as a major wave 1. So, we are now in wave 2 that there is no example of this correction in the past. Therefore, in this downtrend, holding altcoins will be so much risky than holding bitcoin. 7- To better understanding of this downtrend, it is recommended to refer to the Nasdaq Index ( NDX ) in 2000. The rich invest in time, the poor invest in money Pooya Bahaeepoor
BITSTAMP:BTCUSD
by mr_forexbull
5
BTC sell or buy???After today's correction in Bitcoin, a new update is needed for the previous analysis: This analysis is for clarification only. Today, the price of Bitcoin had a correction. This correction is completely temporary and can continue for the next two weeks. But the important point is that the 'W' wave, according to the chart, is finished. So we're in the "X" correction wave, which can be flat, and go up to $ 70- $ 80,000. The Alt season continues until bitcoin reaches the specified range and breakout (X). But after that, holding bitcoin will be more better than holding altcoins (watch the Bitcoin dominance chart). Since pumps and dumps in crypto are usually beyond our expectations, I expect ATH Bitcoin to reach prices above $ 100,000 at the end of this bull run. Remember risk management will be the most important factor in your final return. Good luck
BITSTAMP:BTCUSDLong
by mr_forexbull
3
ethusdETH is completing a temporary correction structure to reach much higher targets. At the moment we can consider the price of $ 1100 as a strong support area for the return of the price. So, we do not expect the price to going down in this area right now. After passing the previous ATH, the uptrend accelerated and I expect the price to reach above $ 2,000 without any correction. targets marked on chart. This is a low risk setup for your investment. but, don't forget about your SL good luck
BITFINEX:ETHUSDLong
by mr_forexbull
5