BTC UPDATE: so lets zoom in to see where we are right now and if the market is healthy or not. I see a lot of posts of people screaming BTC got rejected and will go to 40K... OK, thats fine if you believe so; I happen to see something different and dont scream and jump around... I have to admit I did scream a little at 64K that it would come down but it was a friendly warning...
So for now BTC is looking bullish and we just have scroll back to the February correction to see if this correction is any different. What do you think? Does it look different? Is BTC more bearish now than in February? I do not think so... Yes its a given we are deeper into the bull run and resistance levels are piling up but that doesnt mean the bull run is over... This current correction looks a lot like a shake out with 3bn liquidations of longs and again bullish news on institutional parties dropping BTC on their balance sheet. (Nexon buying 100m of BTC) So, that means we just had a healthy correction and we have now room to grow...
Just look at the similarities between February and now and you can see we are on our way to a new ATH but patience is key; it will not happen this week! I love how the RSI, MACD, FIB- and price levels are matching up! It means we are moving from peak 3 to peak 4 now and we have a long way to go till peak 10. This scenario could be invalidated if we dont have a bullish follow through into May but for now; dont worry, be happy... :)
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
So for now BTC is looking bullish and we just have scroll back to the February correction to see if this correction is any different. What do you think? Does it look different? Is BTC more bearish now than in February? I do not think so... Yes its a given we are deeper into the bull run and resistance levels are piling up but that doesnt mean the bull run is over... This current correction looks a lot like a shake out with 3bn liquidations of longs and again bullish news on institutional parties dropping BTC on their balance sheet. (Nexon buying 100m of BTC) So, that means we just had a healthy correction and we have now room to grow...
Just look at the similarities between February and now and you can see we are on our way to a new ATH but patience is key; it will not happen this week! I love how the RSI, MACD, FIB- and price levels are matching up! It means we are moving from peak 3 to peak 4 now and we have a long way to go till peak 10. This scenario could be invalidated if we dont have a bullish follow through into May but for now; dont worry, be happy... :)
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
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BTC is going to test support at 53300!
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negative reaction to the Facebook news; we stay above 52500 - its ok :)
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BTC UPDATE: all is ok; LONG!
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BTC UPDATE: pump is coming, you had your signal and it EXACTLY did what I said; test 53300 and stay above 52500; it was a beautiful long entry. BTC will be back at 54K today.
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BTC UPDATE: you see? pump is here and everything is ok :)
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BTC AND MARKET UPDATE: looking very healthy! We needed a consolidation before BTC can run up to a new ATH; if you took my entry at 52K theres no need to worry. BTC will at least stay above 54K but I think most of the consolidation is already over and we will continue upwards. You can clearly see its exactly the same as in February but I drew my orange box slightly off for this month. Basically; the green box starts now: we are at the start of of a BTC run up!
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