Watching BTC/ETH all morning, I can't believe they are flat on the day and every ALT that I have is in the red. UGH !
Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
There's an important and tough resistance mark at around $ 68,177 and at 10:00 am or so it bounced off 67,972/68,019 ( Bybit/Coinbase resp). It will try and blast thru again any minute from here. Let's hope it turns into support and we hold.
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Something tells me we'ere not going to see the usual two to three month plateau after the halving. This cycle just seems so much more energized, I feel that we're going to skyrocket shortly after the halving. But who knows.
I don't remember the exact dates in the last bull cycle, but when BTC hit $ 69k in mid November, by the last week of Jan 2022, it was about half. The moral of my story is don't be the last BTC holder to run to the exit . . .Run like a George Costanza
If you are/were a true believer in this BTC bull run, around 7 to 8am this morning ( pre CPI data) was the best time to dip buy. I don't know anyone who has the cajones to step in and average down when the market is tanking, but all the dumps in 2023 and up till now, all have recovered , np. But at the time of the dump, if you're watching live, it looks like it's going to be a "God Candle" ( 10k or more ). Yikes !
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Hong Kong will approvet ETFS very soon. Expect a huge price increase.
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 !
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
