If I drew my charts correctly , BTC's next key resistance is $ 70, 422. Let's see if BTC has enough rally to blow by that level, for starters. Diamond hands !
Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
It was like a $ 5,000 swing, just imagine all the long and short positions liquidated this a.m. Yike ! 
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Bitcoin is in a daily downtrend
chart with pivots marked
www.tradingview.com
this chart without price just pivots, it's easier to see the downtrend, Lower Highs and Lower Lows
www.tradingview.com
for the daily trend to change price has to break the previous high at 66900 marked in green
www.tradingview.com
longer trend is just sideways
www.tradingview.com
more clear on a weekly chart
www.tradingview.com
on the monthly it's an inside candle, chop city
www.tradingview.com
chart with pivots marked
BITSTAMP:BTCUSD Chart Image by WonderingBear
www.tradingview.com
this chart without price just pivots, it's easier to see the downtrend, Lower Highs and Lower Lows
BITSTAMP:BTCUSD Chart Image by WonderingBear
www.tradingview.com
for the daily trend to change price has to break the previous high at 66900 marked in green
BITSTAMP:BTCUSD Chart Image by WonderingBear
www.tradingview.com
longer trend is just sideways
BITSTAMP:BTCUSD Chart Image by WonderingBear
www.tradingview.com
more clear on a weekly chart
BITSTAMP:BTCUSD Chart Image by WonderingBear
www.tradingview.com
on the monthly it's an inside candle, chop city
BITSTAMP:BTCUSD Chart Image by WonderingBear
www.tradingview.com
it's gonna chop for awhile like it normally does after the halving (2-3 months)....then blast offBitcoin is in a daily downtrend
chart with pivots marked
BITSTAMP:BTCUSD Chart Image by WonderingBear
this chart without price just pivots, it's easier to see the downtrend, Lower Highs and Lower Lows
BITSTAMP:BTCUSD Chart Image by WonderingBear
for the daily trend to change price has to break the previous high at 66900 marked in green
BITSTAMP:BTCUSD Chart Image by WonderingBear
longer trend is just sideways
BITSTAMP:BTCUSD Chart Image by WonderingBear
more clear on a weekly chart
BITSTAMP:BTCUSD Chart Image by WonderingBear
on the monthly it's an inside candle, chop city
BITSTAMP:BTCUSD Chart Image by WonderingBear
but, this cycle looks accelerated so maybe sooner
accumulation period right now and whales just chop leveraged traders to fill their bags
price has to change the daily trend from down to up first for the blast off
key resistance levels $66900 and $73754
I don’t have faith anymore. Think this cycle may have already peaked, it’s been so frustrating see it drop and do nothing for months.
the blast off will be sudden, so it won't be a slow grind up...trust me
so this period is to accumulate by dollar-cost averaging, so those sidelined or waiting for a further drop will be left behind without mercy
exactly what happened end of 2022 and q3 of 2023
oh lord , stinky , look at the damn chart
we went up from up 40k to like 74k in 2 months without a major correction ..we were due for a correction just like the stock markets (spy and qqq)
clearly you don't remember 2023 which Bitcoin was just trading sideways except the start and end of that year... it was an accumulation year and then finally we got explosive movement.
the same thing will happen again ...guaranteed
lol i just checked..it's been like 37 days in this channel ...people have no patience lol
that might happen for sure
but regardless how fast the price will still has to move through those levels before going to $100 000.00 and beyond
just trying to establish some kind of trade plan with a good entry level
I want to see it move up first and hopefully I can catch some of it
BITSTAMP:BTCUSD Chart Image by WonderingBear
www.tradingview.com
monthly chart
BITSTAMP:BTCUSD Chart Image by WonderingBear
www.tradingview.com
eh, i think you're better off just buying at the 60-65 range and then wait for the next leg up
tbh buying btc at this point is just a terrible idea ..ROI isn't there unless you plan to leverage but that , too, is a terrible idea
good luck tho
Isn’t 63k still a good time to buy? Btc should go to 100k easy, so return is great
If you're happy with a 60 percent return
i have a different view..if I'm in crypto, I wanna get high and fly into space...a 60 percent gain is not what I'm looking for
I can't buy Bitcoin because I do not have a proper account
but there are US and Canadian ETF's that can move a lot even if Bitcoin price is moving sideways and if Bitcoin price sky rockets so will they
there are also Bitcoin miners stocks that are very volatile and can be profitably traded
I'm just using Technical analysis of Bitcoin price as an example how to set up a trade
I think if you are hoping for the Bitcoin price to sky rocked you will be in it for a long game
some people claim that they will never sell
I'm not a long time investor
I like to swing trade much shorter time frame
like days and weeks instead of months
also like I said before there are much more volatile stocks that are related to Bitcoin that can be traded
without having crypto exchange account
but if Bitcoin is their underlying "asset" then it's good to know at least if the price of Bitcoin is in an uptrend, downtrend or just moving sideways
right now it's moving sideways until it brakes some key levels first
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I'm just learning about bitcoin. Not interested in investing in a bitcoin ETF at the moment, but just interested in learning about it!!
www.coindesk.com
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