Bitcoin to skyrocket in 2024

[LiveInTorontoPartyInMontreal]

It was like a $ 5,000 swing, just imagine all the long and short positions liquidated this a.m. Yike !

 

[JuanGoodman]

Bitcoin is in a daily downtrend

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

 

[sprite09]

Bitcoin is in a daily downtrend

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 off

but, this cycle looks accelerated so maybe sooner

accumulation period right now and whales just chop leveraged traders to fill their bags

 

[JuanGoodman]

it's gonna chop for awhile like it normally does after the halving (2-3 months)....then blast off

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

 

[stinkynuts]

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.

 

[sprite09]

price has to change the daily trend from down to up first for the blast off

key resistance levels $66900 and $73754

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

 

[sprite09]

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.

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

 

[JuanGoodman]

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.

it's only April that the price has been moving sideways

Feb and Mar had huge gains

 

[sprite09]

it's only April that the price has been moving sideways

Feb and Mar had huge gains

lol i just checked..it's been like 37 days in this channel ...people have no patience lol

 

[JuanGoodman]

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

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

 

[JuanGoodman]

lol i just checked..it's been like 37 days in this channel ...people have no patience lol

BITSTAMP:BTCUSD Chart Image by WonderingBear

www.tradingview.com

monthly chart

BITSTAMP:BTCUSD Chart Image by WonderingBear

www.tradingview.com

 

[sprite09]

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

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

 

[stinkynuts]

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

 

[sprite09]

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

 

[JuanGoodman]

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

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

 

[JuanGoodman]

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 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

 

[JuanGoodman]

I'm just learning about bitcoin. Not interested in investing in a bitcoin ETF at the moment, but just interested in learning about it!!

Bitcoin

Bitcoin USD price, real-time (live) charts, news and videos. Learn about BTC value, bitcoin cryptocurrency, crypto trading, and more.

www.coindesk.com

if you like to learn about investing or trading not just Bitcoin but anything else from stocks, futures, currencies and commodities

then I would suggest starting with learning about technical analysis of price and volume using charts

there are so many resources to learn available to us with access to the internet that there never was a better time to learn like right now

YouTube and trend are your friends

Technical Analysis: What It Is and How to Use It in Investing

Technical analysis analyzes price and volume data gathered from trading activity to identify potential investments as well as trade entry and exit points.

www.investopedia.com

ask if you have any questions

 

[JuanGoodman]

Thank you very much!! I'll post in this thread if I have any questions!! Much appreciated!!

you are very welcome

here is a great way to start, one of the best content makers on YouTube, in my opinion

 

[sprite09]

in a bull run, you're better off just dollar-cost averaging in then dollar-cost averaging out

 

[stinkynuts]

Bitcoin crashing again, looks like nothing is going to happen until interest rates drop