Same situation as 30k.
19.6k was the 2017 peak. Quite close to it. Lose that support, come back this thread 2 years later.

Need to stop thinking btc can hedge against inflation.

Long time no share TA outlook. Basically BTC sitting on 2017 ATH. Big picture, there is a wedge.



18-19k is fibo 0.786 retracement from March 2020

This post has been edited by mois: Sep 6 2022, 08:47 PM

What do you mean growing?

18k support area look quite good. But global economy is in recession, dont think bull market would come soon

Unless somehow stocks rally first, crypto unlikely to lead.

It could mean CZ want to liquidate these longs as well.

Interesting.

My chart is on USDT binance. I dont understand why there is big volume spike since June 2022

This post has been edited by mois: Oct 7 2022, 03:14 PM

Managed to open small short position at 18k yesterday. Slow moving selling market. There is support at 14k.

This post has been edited by mois: Nov 10 2022, 04:39 PM

This is true and Im confused as well. Supposed to drop like crazy, but btc held up well. My guess is retail already long dead. Now is big shark vs big shark

Funny this FTX issue only cause BTC to break 18k to 17k. By right, it should be in the bottom of sea already. Look like diamond hand area.

Sorry

This post has been edited by mois: Dec 30 2024, 01:25 PM

Any moment btc break through 18.5k it is a buy for me.



This post has been edited by mois: Jan 9 2023, 11:04 AM

Nice. Already above 20k

Good entry point. Below 25k cut loss

Oh my. That 32k already broke.

Next resistance around 41-42k

Damn. Most altcoins are in their lowest low. If now isnt the best time to buy, I dont know when is.

Upside room

They bait option trader to open long position after breaking 44k. Then same day wipe these long position. Common strategy for market maker.

Any money earn from long/short position is exchange loss.

This post has been edited by mois: Jan 3 2024, 10:16 PM