Good evening all. Markets open again soon, so though I would take a look at Bitcoin before I keep more eyes on the forex markets. Price is still moving in a nice bullish trend . We have seen it hit just over 62K at the bottom of the ATH supply zone . what do you all think will se smash through and make a new ALL TIME HIGH soon? I think we will, usually I would take profit when price hit that supply zone but I think we have more bullish movement to come. 8000 pips up on the stacked position and 28,000 if you held from the original entry. Keep holding have a good week and i'll update again soon. GLIYF
Is BTC Reloading?
- Thread starter Lee-Bax
- Start date
Good morning all, nice to report back on Bitcoin on both of our TP's smashed. Obviously you will of already known we made a new ALL TIME HIGH of just over 67K. If you held my original buy position then the TP of 29.2K was smashed through. The second buy stop I gave out also smashed through TP of 12K pips. not a bad haul at all. Well where will BTC go to next? One can only guess if we continue on. Will we see 100k? I'd like to hear your thought's on its next move. Ill take a look and update again next week on my next position. Enjoy those pips for now. GLIYF
Good morning all, I have taken profits on my Bitcoin longs as per the last update. So I am looking at the next buy in place. The demand zone at 61K would be the first place to look to buy in from. The second one at 55K level. We have nothing to aim for as we are at the ATH level so even buying in around this area could potentially easily hit our SL, so first target would be the 70K price which gives us a good R:R of 1:4. Wait for support to form before entering. GLIYF
Good morning all, just thought I would share the latest Bitcoin all time high price incase anyone has managed to miss it. I closed my last positions in profit and was looking to buy back in on the pullback. I drew out the incorrect demand zone and missed the opportunity on that little pullback. But as we can see price has closed above the previous month's ATH and we are currently trading at $67.7K. If you caught that pullback well done. But where to from here. Will we see a big surge now up to 70/80K? Or will we see 100K? Let me know your thoughts below, ill be buying any big pullbacks in price if we get them. GLIYF
Same bloody story in the indices. ATH. Where to go from here? Where and when is the pullback? Oy!
As someone who wants to establish a basic cryptoportfolio for HODLING - I definitely feel the FOMO now. Wait for a pullback or just get on the train?
Good morning all, another look at Bitcoin today, I think this week or next we will see the push through 70K at least. The bullish nature of BTC is still clear to see. We have a primary trend and multiple secondary trend lines . Which give it more chances of staying bullish should the first break. If you were still holding that first buy we took back in June you would of peaked at over 1:9 R:R - 40 ,000 pips profit. 100% on a physical buy and hold too. But where will the top be? Interested to know your out look for the next few months and when the next dip back will be. GLIYF
I'm still a salty no-coiner, but I'm waiting here. Entering @ 65-66K versus 70K doesn't make much of a difference, so I'm patiently seeing if we can get a pullback here.
When BTC have made new ATHs - typically we've seen more of a pullback than the one we just saw, so maybe I can get a better entry. Maybe.
When BTC have made new ATHs - typically we've seen more of a pullback than the one we just saw, so maybe I can get a better entry. Maybe.
I think of btc as a long term savings account. I did not always view it in that way as I was always thinking of fiat equivalency
Once I switched my view, the only thing that matters is long term, say 5 years, 10 years or longer
In this kind of view, imho, 1 btc will be priced $500K or higher in 5 years but even if I'm wrong, what matters most is that 1 btc will be worth more in 5 years versus holding the equivalent $ in today's purchasing power which will be guaranteed to have eroded in value by at least 15%
In the history of btc, there is no period where holding buying and holding btc for longer than 3 years lost value versus the $
If the price of btc gets too high in too short of a time, say $200K in 6 months, I can convert some to $ and "re-deposit" to my btc savings account once I consider the value is low
No matter what, I will not sell all my btc holdings, which I consider long term savings account
I have other crypto assets for speculative and yield generation purposes
My 2 satoshis
