Bitcoin Liquid IndexMis à jour Immediate & Longterm Gameplan for $BTC
This will be less educational - and more of my interpretation. To address any questions on the Indicators use, its heikin ashi candles, with Kelt-Bollinger Combo (KBC) & Market God Indicator. Each the KBC and Market God 5.3 can be found for free in the public library by searching the respective terms.
My bias: Bullish
I will also include levels of support in the event of a dump (immediate support levels) - you are insane if you think Bitcoin is going to 1.5k. Theres a LOT of nutheads like me that will buy the hell out of it if so.
TLDR: I think we go straight to 8k from where we are, without retesting lows. That said, be prepared incase we see 2015 similar dump to re-test those lows and a clear accumulation pattern.
Immediate support below 5k is 4.8k, 4.1k. Any breach of the 4.8k and I see a retest of mid-low 3's
Immediate Resistances above 5.2k is $5,7k 6.8k & 8k above that.
By the halving in 2020, I expect Bitcoin to be well above 10k and on its way to an ATH breakout. I will do a post later as to why that is but just know historically, BTC is on its way to a new ATH by the demand generated from the halvings.
In the event I'm wrong, Support levels below current lows are strong all the way through 2k region. In a bullish scenario, I see EOY price near 8k and in uptrend. Bear situation, I see low 3k down to high 2k range.
Regardless, keep track of market dominance as alts will want to fly at somepoint, in the non-BTC maximalists situation.
My bias: Bullish
I will also include levels of support in the event of a dump (immediate support levels) - you are insane if you think Bitcoin is going to 1.5k. Theres a LOT of nutheads like me that will buy the hell out of it if so.
TLDR: I think we go straight to 8k from where we are, without retesting lows. That said, be prepared incase we see 2015 similar dump to re-test those lows and a clear accumulation pattern.
Immediate support below 5k is 4.8k, 4.1k. Any breach of the 4.8k and I see a retest of mid-low 3's
Immediate Resistances above 5.2k is $5,7k 6.8k & 8k above that.
By the halving in 2020, I expect Bitcoin to be well above 10k and on its way to an ATH breakout. I will do a post later as to why that is but just know historically, BTC is on its way to a new ATH by the demand generated from the halvings.
In the event I'm wrong, Support levels below current lows are strong all the way through 2k region. In a bullish scenario, I see EOY price near 8k and in uptrend. Bear situation, I see low 3k down to high 2k range.
Regardless, keep track of market dominance as alts will want to fly at somepoint, in the non-BTC maximalists situation.
Trade fermée: cible de profit atteinte
$8,350 touched on CB
Eric Thies
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Eric Thies
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.