BitcoinLong
Yes, it is actually the start of the bull!
Aktualisiert
Hello traders,
hello hodlers,
my last chart analysis got the title:
"Finally the end of the bear, start of the bull?"
And now, we can say for sure - it is the start of something big! :)
But, don´t get me wrong... Even in this bull market, which easy can take 12 - 18 month from now, we will see major rejections and downswings of 30 or even 40%.
Those times will be perfect to re-enter, if you want to.
The next few weeks, what i see in the chart and market sentiment:
- we are a little over extended, look at the RSI
- we are currently 38% above the 21 week EMA
- we are near the old ATH, just a few more percent (around 15%)
- we changed the massive resistance level of 14k to support - which is enormes good!
Iám not a trader, but if i had to choose the next good point to sell, i would wait until the weekly resistance of the ATH (red dotted).
And after that, i would buy at the next 21 week ema (yellow line, always rising) touch. This could be around 13,800 USD depending on how long it will take, until we see the next down move.
But yeah ... "buy the dip" :)
I´am will only buy. I will not sell, just for the simple reason, that there is no guarantee for a cheap re-entry.
I will not risk my position!
------------
This is no financial advice, iám not your financial advisor. Only my opinion, my thoughts.
Take your own risks, on your own choices.
hello hodlers,
my last chart analysis got the title:
"Finally the end of the bear, start of the bull?"
And now, we can say for sure - it is the start of something big! :)
But, don´t get me wrong... Even in this bull market, which easy can take 12 - 18 month from now, we will see major rejections and downswings of 30 or even 40%.
Those times will be perfect to re-enter, if you want to.
The next few weeks, what i see in the chart and market sentiment:
- we are a little over extended, look at the RSI
- we are currently 38% above the 21 week EMA
- we are near the old ATH, just a few more percent (around 15%)
- we changed the massive resistance level of 14k to support - which is enormes good!
Iám not a trader, but if i had to choose the next good point to sell, i would wait until the weekly resistance of the ATH (red dotted).
And after that, i would buy at the next 21 week ema (yellow line, always rising) touch. This could be around 13,800 USD depending on how long it will take, until we see the next down move.
But yeah ... "buy the dip" :)
I´am will only buy. I will not sell, just for the simple reason, that there is no guarantee for a cheap re-entry.
I will not risk my position!
------------
This is no financial advice, iám not your financial advisor. Only my opinion, my thoughts.
Take your own risks, on your own choices.
Anmerkung
For those of you, which wanted to sell some Bitcoin.It´is obvious not safe, that we will see 18,960 USD before we got a correction.
So i would sell in steps.
But again - iám just buying only the dips. Iám not selling at those levels at all.
Anmerkung
No retest until now... should we expect bitcoin to just going up forever?Naaaa, wait for it!
Anmerkung
On the 4h chart i see a SHS forming.Target could be around the last ATH between 18 - 22,000 USD.
Timespan 1 - 3 weeks.
If this will work, i will increase my bitcoin holdings!
If not, iám also fine just waiting for the next move up :)
Anmerkung
Today we hit the fibo 2.618 level @ around 46,600 USD.Also i see some divergences on weekly & daily charts.
News hype is very strong at this moment. But we could see a little more sideways action or even a fast drop.
We can´t go up forever without a bigger correction (time or price).
Anmerkung
Retest of the 2.618 fibo levelAnmerkung
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