the one that goes up, the one that goes sideways, the one that goes down, okay?
MuhammadXai
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$BTC According to my studies Bitcoin has now three options. As per the studies and 27 years experience BTC will follow three dynamic strategies. 1. It will follow the blue tube. 2. It will follow the red channel. 3. it will remain in the yellow corridor So take risk accordingly.
I say it rose too much and they will look to lower the price by 50% to clean the new ones that are there and then if they accumulate I see it at 60k it is convenient for them to create chaos to clean
Bitcoin Abi
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Do you think it will go to $$BTC 120,000 or will it correct?
Bitcoin price is poised for a decline as it closes below the $100K support level
Bitcoin price reached a new all-time high of $108,353 on Tuesday and declined 7.8% in the next two days, closing below the $100K support level. At the time of writing on Friday, it hovers around $97,500.
If BTC continues its correction, it could extend the decline to retest the $90,000 support level.
The Relative Strength Index (RSI) on the daily chart reads 49 below its neutral level of 50 and points downwards, indicating bearish momentum. The Moving Average Convergence Divergence (MACD) indicator also showed a bearish crossover on Wednesday, suggesting a downward trend.
However, If BTC recovers and closes above $100,000, it could extend the rally to retest its all-time high (ATH) of $108,353.
greetings thanks for the info. where do you see it falling
Bit_Tiger
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Bearish
$BTC ‼️Don't be Left holding the bags! Guys hodling is great but don't miss out on selling the tops and buying the dips on the way. This can significantly boost your portfolio.
Focus on Larger time frames such as the weekly charts, because these are more accurate, and do not try to micro predict using smaller time frames like daily or hourly charts as these can be misleading.
Bitcoin is currently overvalued, this can be seen in the weekly candlesticks charts, as it's above the top band of the Bolinger (see the picture below)
And looking at het MACD, the momentum has started to fall, which indicates that he price is going further fall till the downward momentum ends or weakens.
As always, I have sold the top, and suggest that you should sell too, this gives us liquidity to buy the Dip, when the time comes.
I preferred to change everything to dollars and stay still and assume losses. every day I had less money hoping it would go up
ElixEnix
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Bearish
Ok, it's been a while since I last wrote, but I have to comment.
The situation we are going through has been hard for some, with very difficult losses. But for others (myself included), it's a good time to meditate and reflect.
I have seen the comments that are being made, and I find them very misguided.
The true strategy at this moment is patience. For now, do not invest; the best thing is to keep a cool head.
Do not stay glued to the monitor waiting to see how your money disappears from your hands.
Keep your money in your pockets, wait for all this to stabilize, and make your best choice once everything is safe.
greetings I left btc 0.77(97k) that I had for the altcoin and one of them theta returned nothing the money from 3.10$ to 1.80$ it turned into 0.39btc
ElixEnix
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Bearish
Ok, it's been a while since I last wrote, but I have to comment.
The situation we are going through has been hard for some, with very difficult losses. But for others (myself included), it's a good time to meditate and reflect.
I have seen the comments that are being made, and I find them very misguided.
The true strategy at this moment is patience. For now, do not invest; the best thing is to keep a cool head.
Do not stay glued to the monitor waiting to see how your money disappears from your hands.
Keep your money in your pockets, wait for all this to stabilize, and make your best choice once everything is safe.
Brother, I would step out and take the losses rather than lose more; the market moves with emotions, and the sentiment has shifted to fear. They have been hitting half the world for a while now.
Lawrence Chesley hO8x
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Are altcoins looking to rise again or is it just me? God bless a green light for these cryptos, I can't stand losing money anymore
the alt season isn't near and believe me if you think that some coins who reached ath will reach their ath again , you might probably be mistaking. please act carefully. dca and form a proper exit tp strategy else you will be left empty handed.
greetings Ricardo I am invested in theta 100% I got out of btc at 98k to make a leap but I caught theta high and got trapped I entered at 3.10$ . rather I am in the negative.
RICARDO07
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friends do not rush this correction is completely healthy. blessings 😀