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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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-kytz-
post Mar 28 2024, 07:26 PM

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QUOTE(-kytz- @ Mar 26 2024, 10:11 AM)
- Dips for buying and pumps are for buying also ✅
- Always expect retracements to be shallower than deeper ✅

Think the correction is over... 18% retracement very consistent multiple previous retracements.

IMO 68-70k is key level for BTC to reclaim and flip previous resistance to support for higher upside.

user posted image

user posted image
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68-70k support held for now ✅

Think BTC will likely see further upside..

4H: BTC flips previous resistance (68-70k) into support. Seems to be breaking out of a bull flag which is a continuation pattern.
user posted image

1D: Today's daily is forming a bullish engulfing candle. Yesterday's daily close didn't seem like a convincing bearish candle, seems indecisive.
user posted image

This post has been edited by -kytz-: Mar 28 2024, 07:28 PM
-kytz-
post Nov 21 2024, 02:57 PM

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QUOTE(mois @ Nov 19 2024, 09:27 PM)
user posted image

Rising wedge on total market cap. Careful
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In a bull market, I'd rather look for bullish patterns and for trading, I'm looking for long setups.

QUOTE(-kytz- @ Mar 16 2024, 11:31 AM)
How to position mentally in a bull market as an investor? Just my 2 cents:

- Dips for buying and pumps are for buying also
- Always expect retracements to be shallower than deeper
- Trade less, hodl longer
- Throw away bear mentality, big green candles show strength in momentum and not an opportunity to sell
- (For traders) High RSI levels and high greed index is absolutely normal in a bullish environment. In fact this only shows strong buying momentum
- Expect bearish patterns (HNS) or bearish divergences to fail more often than not
- Stop looking for bearish patterns and start looking for bullish patterns.
- Stop rotating your majors/alts unless you know what you are doing.
- Lastly, RESPECT THE PUMP
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This post has been edited by -kytz-: Nov 21 2024, 03:00 PM
-kytz-
post Nov 21 2024, 04:14 PM

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QUOTE(mois @ Nov 21 2024, 03:29 PM)
Found any setup for long so far? Im abit chicken to go long. Only hold spot
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I'm holding spot too, waiting to sell in Q2-Q3 2025 brows.gif

But it is going to be hard to find long setups with good R:R as prices have pumped quite a lot.

At the same time, waiting for prices to retrace low enough to your buy prices is risky too. You may never get it.

Maybe shib has an ok long setup. TP target not as high as that la.
user posted image

This post has been edited by -kytz-: Nov 21 2024, 04:15 PM
-kytz-
post Dec 8 2024, 09:38 PM

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QUOTE(brokenbomb @ Dec 7 2024, 09:11 AM)
all chart pattern worked during a bull run

just open a monthly chart and macd or rsi and check for overbought signal
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Nice find on the monthly chart:

Monthly RSI levels:
Current: 77
2021 peak: 92
2017 peak: 95-97
2013 peaks: 97

There's still a lot more gas in the bull market based on the above brows.gif rclxm9.gif

Also, might be safe to say, start taking profits once monthly RSI hits 90
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-kytz-
post Jan 2 2025, 06:58 PM

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Why bearish at support?

user posted image
-kytz-
post Jan 6 2025, 11:32 PM

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Trend is your friend. Zoom out.

$108k all time high is the next target but might possibly just range between $91k and $108k until Trump's inauguration on 20th Jan.

user posted image

BTC's 4-year cycle intact unless proven otherwise. 3 years bull, 1 year bear for the past 3 cycles.

If history repeats, we will see BTC topping somewhere Q3-Q4 2025. Kinda lines up with https://www.vaneck.com/us/en/blogs/digital-...tions-for-2025/



QUOTE(-kytz- @ Jan 2 2025, 06:58 PM)
Why bearish at support?

user posted image


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-kytz-
post Jan 23 2025, 05:28 PM

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Bro mois, don't let your PTSD get in the way of making $$. Your analysis is clearly biased the moment you sold off your bags.

Take a step back, zoom out and see the bigger picture. HTF > LTF

And as an analyst posting charts in a public forum, we also need to have a level of accountability in whatever we are posting. Quality > Quantity

Also notice that the audience here mostly do not understand the difference between a 4-hour chart vs a 1D/1W higher time frame chart

QUOTE(-kytz- @ Mar 16 2024, 11:31 AM)
How to position mentally in a bull market as an investor? Just my 2 cents:

- Dips for buying and pumps are for buying also
- Always expect retracements to be shallower than deeper
- Trade less, hodl longer
- Throw away bear mentality, big green candles show strength in momentum and not an opportunity to sell
- (For traders) High RSI levels and high greed index is absolutely normal in a bullish environment. In fact this only shows strong buying momentum
- Expect bearish patterns (HNS) or bearish divergences to fail more often than not
- Stop looking for bearish patterns and start looking for bullish patterns.
- Stop rotating your majors/alts unless you know what you are doing.
- Lastly, RESPECT THE PUMP
*
-kytz-
post Jan 24 2025, 03:05 PM

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$SOL showing some bullishness on the 1D/1W charts after bouncing off HTF support.

Would love to see 0.003 SOL/BTC broken cleanly to the upside, this is where it will start taking off brows.gif


-kytz-
post Feb 3 2025, 05:46 PM

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Judging by the comments here and on Crypto Twitter, I honestly thought it is doomsday but it is only a 16% drawdown on BTC.

As mentioned in my previous post, all BTC have been doing ranging the whole time and this time is no different. Price rejected range high at $109k and right now is finding support at range low around $91k

1-day chart:
user posted image

1-week chart:
user posted image

QUOTE(-kytz- @ Jan 6 2025, 11:32 PM)
Trend is your friend. Zoom out.

$108k all time high is the next target but might possibly just range between $91k and $108k until Trump's inauguration on 20th Jan.

user posted image

BTC's 4-year cycle intact unless proven otherwise. 3 years bull, 1 year bear for the past 3 cycles.

If history repeats, we will see BTC topping somewhere Q3-Q4 2025. Kinda lines up with https://www.vaneck.com/us/en/blogs/digital-...tions-for-2025/

» Click to show Spoiler - click again to hide... «

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QUOTE(-kytz- @ Jan 2 2025, 06:58 PM)
Why bearish at support?

» Click to show Spoiler - click again to hide... «

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This post has been edited by -kytz-: Feb 3 2025, 05:48 PM
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