Is BTC Reloading?

Lee-Bax said:
Good morning all. Lets talk about Bitcoin! As we are all aware this week has been crazy for crypto. We have seen the demise of LUNA wiping out many peoples portfolio's and crashing and burning. Bitcoin also dropped quickly during this time. But as we can see from the charts we can clearly see big buying pressure coming into play. The way we look at institutional buying area's on Forex compared to Crypto should be different in my eyes. Its all about price, it's got to be hasn't it? If the big boys are at play why would they drop price right down to the low levels of 10/20K. All that does is presenting opportunity to a lot more every day Joe's to buy full Bitcoin's and giving everyone a lot easier chance to make huge returns. Aren't they trying to do the opposite? I am not sure I am only speculating, as that's what we all only do anyway. I would love to see it come right down as I would buy lot's, but will it?
I can see if we break this area then it does look likely we will visit 20K zone. But currently i see it holding. We did trade at lower prices at 25K . But we had huge rejection. was that your chance at buying in the 20k zones. This level looks to be holding at the moment, and if the weekly and monthly candle wick out then it could turn. Let me know your thoughts below, is it time to stick a buy in? GLIYFView attachment 284630
More...

Really nice idea, itd take the sell side liquidity resting above all them highs too. Its in a precarious position atm im watching closely
 
Hey everyone, markets are open again. I have a few trades open currently. Take a watch on my YouTube channel to see the setup's. Please subscribe if you haven't already would certainly appreciate it. Have a good week
 
Good afternoon all. Bitcoin , what an interesting currency it is proving to be lately. With these cheaper prices it is certainly providing the less fortunate people to buy more to HODL and make big returns, me included. We come to the zone currently trading at. WILL IT HOLD? Or are we continuing and will see 20k? If you follow my YT you'll know I have opened a small buy position to test the water, if we break down I will close and look to re enter at the 20K zone. What's your thoughts, will we hold here or will we tank? GLIYF
Screenshot_1.png
 
Good morning all. Just a small update today on Bitcoin! There is a lot of talk going on currently about what will happen next with the price of BTC . Clearly we have been in a bear market, and the majority of people say it's going to go down further, BUT ISN'T THAT THE OBVIOUS MOVE? To move down further would just be the obvious continuation from a bearish trend . Currently we are moving in this range between 32K + 28.5K. I have bought at this zone as I think we will get that breakout to the upside. Included is a chart for BTC with the illiquid supply and the price of BTC between halving's, Clearly showing divergence between the two. I saw someone post it and thought I was very interesting to see, so thought i would include it in. Aren't we supposed to do the opposite of the obvious? I'm buying and im holding it still. What's your take on wether we are at the current bottom. GLIYF
Screenshot_2.png
Screenshot_1.png
 
Good afternoon everyone hope you're all having a good weekend. Back again today to report our position on Bitcoin has hit SL, only 0.5% loss so it's all good. The bearish trend continues and we have broken out of this small range we have been trading in. It now look's highly likely that we may be visiting the next demand zone down at 24K. Perfect for all of us that want to DCA into BTC . If we get a retest of this break then I may look to take a sell down to that zone below. If not then we will look to buy further down if we visit that demand zone . sit on our hands time for now. GLIYF
Screenshot_1.png
 
You must log in or register to reply here.
Back
Top