_ Rafi Ullah _
I Don't Believe In Words I Believe In Action
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#Bitcoin - What's Next?
The big Sunday report, all you need to know:
🚩 TA/LCA/Psychological Analysis: In last week's Sunday report, we discussed an anticipated sideways movement in the larger timeframe. As observed, Bitcoin is perfectly moving in this sideways region as mentioned. Some people fail to catch the bigger picture, not realizing that a price fluctuation within a 20% range is quite normal for movements in large market caps, and even beneficial, as BTC is gearing up for its next massive leg up, a leg up that will bring us above 80k and reaching 100k in high speed. In trading terms, we refer to this bullish sideways movement as an accumulation region – a phase where profit-taking money, incoming investment, and undecided money converge, resulting in a consolidation in the mid-term timeframe. As I've mentioned before, this sideways movement is bullish, and we're poised for a significant upward move. In the Sunday report two weeks ago BTC was at 60k and I said its a bullish retest of February 2021 top. The retest is done and 60k is new support. This support will play a key role in future. Now BTC is building up a strong support above the 2021 ATH at $62,500. You need to watch todays monthly close.
Bitcoin hit ATH on chart, but not in real market-dollar based circumastes: Indeed with inflation rising from 2021 top till this day, calculated on current inflation rate BTC needs to surprass 78k to be fully in ATH region. To be more exact, 78k is the same area of $69.000 ATH in 2021 due to inflaiton. If we watch the markets from a bigger perspective ATH vs Dollar was in, but ATH vs Dollar value is still below ATH. What does it mean? Is it good or bad, indeed its very good news as its confirms much more room for growth.
Remember we are currently sitting at the lowest amount of BTC supply on exchanges. We have only 1.7m BTC on exchanges and it is decreasing drasticially which is very bullish as demand remains high and supply goes lower and lower causing a massive supply shock for the coming months espeically with the coming halving in two weeks.
The big Sunday report, all you need to know:
🚩 TA/LCA/Psychological Analysis: In last week's Sunday report, we discussed an anticipated sideways movement in the larger timeframe. As observed, Bitcoin is perfectly moving in this sideways region as mentioned. Some people fail to catch the bigger picture, not realizing that a price fluctuation within a 20% range is quite normal for movements in large market caps, and even beneficial, as BTC is gearing up for its next massive leg up, a leg up that will bring us above 80k and reaching 100k in high speed. In trading terms, we refer to this bullish sideways movement as an accumulation region – a phase where profit-taking money, incoming investment, and undecided money converge, resulting in a consolidation in the mid-term timeframe. As I've mentioned before, this sideways movement is bullish, and we're poised for a significant upward move. In the Sunday report two weeks ago BTC was at 60k and I said its a bullish retest of February 2021 top. The retest is done and 60k is new support. This support will play a key role in future. Now BTC is building up a strong support above the 2021 ATH at $62,500. You need to watch todays monthly close.
Bitcoin hit ATH on chart, but not in real market-dollar based circumastes: Indeed with inflation rising from 2021 top till this day, calculated on current inflation rate BTC needs to surprass 78k to be fully in ATH region. To be more exact, 78k is the same area of $69.000 ATH in 2021 due to inflaiton. If we watch the markets from a bigger perspective ATH vs Dollar was in, but ATH vs Dollar value is still below ATH. What does it mean? Is it good or bad, indeed its very good news as its confirms much more room for growth.
Remember we are currently sitting at the lowest amount of BTC supply on exchanges. We have only 1.7m BTC on exchanges and it is decreasing drasticially which is very bullish as demand remains high and supply goes lower and lower causing a massive supply shock for the coming months espeically with the coming halving in two weeks.
Crypto tip: It's not just about buying and HODLing.
Sometimes, the smart play is to trade the trends.
Keep an eye on the market, adapt your strategy, and stay ahead of the curve.
Sometimes, the smart play is to trade the trends.
Keep an eye on the market, adapt your strategy, and stay ahead of the curve.
#Bitcoin Daily Bollinger Bands slowly tightening
Currently at tightest levels since BTC was at $45k:
Currently at tightest levels since BTC was at $45k:
I believe #Bitcoin has been seen as a big push pre-halving.
The price action is the same, narratives change.
Bitcoin's price went higher pre-halving than previous cycles but is still peaking.
But, I think #Bitcoin can rally to $300,000-600,000 peaking this cycle
The price action is the same, narratives change.
Bitcoin's price went higher pre-halving than previous cycles but is still peaking.
But, I think #Bitcoin can rally to $300,000-600,000 peaking this cycle
Did you guys make any profit during this short term down trend today i just take a one trade and that trade give me a handsome amount ... be ready eth will hit 3000 soon
Pretty decent response from #Bitcoin.
Most downward price action probably being caused by the outflow of Grayscale.
Honestly, if the weekly closes like this, that's positive and could indicate we'll attack $70K in the upcoming week.
Overall, volatility is lower.#HotTrends #BTC #ETH #
Most downward price action probably being caused by the outflow of Grayscale.
Honestly, if the weekly closes like this, that's positive and could indicate we'll attack $70K in the upcoming week.
Overall, volatility is lower.#HotTrends #BTC #ETH #
Hello guys I hope you all are well Today I spent the whole day to see the market There was a lot of up and down in the market today. And according to my analysis today or tomorrow the market will definitely fall. So don't take the trade now You guys wait for a little while when the market goes down then we will buy coins And I see a lot of people talking shit in the community never fall prey to these people #HotTrends #BNBChain #BTC #ETH