Almost all market analysts you know probably believe that BTC must be playing out historically this way where the 2019 market scenario retraces to 0.618 fibonacci ratio and having a big correction right before the popular bull run mark up rally but what really leaves me questioning here is that what if this current golden ratio bounce that recently happened is already enough? we had a different market top structure in 2021 to 2022 anyway. And like I always believe as well, only Bitcoin holders are the ones who are getting rewarded by the bull run. Not the day traders. Whatever is it happening in the nex few days of weeks, I will keep holding for this big ride and I hope you guys too! 🍻
#HODL✊🚀

#Write2Earn #BTC

Trading the obvious will really get you wrecked. That's how you play the game here in crypto space especially in trading. Like I said in my post last few days, there is a 30% probability that BTC price could leave the current supply zone and that can only happen if the supply runs out already. The only big question here is that the big demand zone which is the one highlighted in green is not yet being filled. This way, The market shows us an imbalanced scenario which usually happens in a bull run. If the price jumps to 57k, then we will be testing another supply zone and if it easily breaks through the all time high of 70k, that's already the mark up rally. I remember I told you not to short the market now because of the extreme volatility. #HODL✊🚀 is the key! 🍻

#Write2Earn #BTCAlert

This is simply what I believe will happen to #BTC in the next few weeks or months. Comparing the 2018 and today's scenario is very helpful and here are my observations.

1. There must be a strong resistance from the previous market top region before having another big pump.

2. The 100 moving average plays a big role on a weekly timeframe and is likely to meet btc price again sometime soon before the bull run mark up rally that everyone is waiting for.

3. The RSI would also correct from the pre-bull run pump which is the current overbought scenario now.

Shorting the market could be a good idea but I'm telling you, it's gonna be dangerous because there are liquidations every now and then. It could totally wipe out your money. If you really believe that Bitcoin is going up soon, just #HODL✊🚀

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#Write2Earn

This is why everyone believes that $BTC is going down. Number one reason is that we are currently maximizing the 2022 supply zone, and whenever this kind of scenario happens, the price always tend to correct into the nearest demand zone which is the one shown below. Another reason is that the fibonacci has not yet retraced to any of the important ratios such as 0.5 and 0.618. Follow my account for more updates. 🍻

#Write2Earn