dokdreazy

BTC following an ascending triangle about to break resistance to the upside with next strong resistance around 42k.

All support is weak on this shit coin, and volume is displaying a bearish divergence, expect a big dip soon on cpi data release if its negative, we either pump or dump, a low cpi will indicate that inflation has peak and bull run will resume, however, consensus displays a potential 8.8-10% result.

expecting a play out similiar to this, breakout to the upside of the resistance line and then treating this as support.

here is my analysis of the current 4 hour chart for btc, think we see a big dip here below the 18.5k range

BTC broke a major 7 month trend line, the beginning of a major sell off, many are still calling for 100k eoy but here are my 2 cents. With india rumoured to begin mass regulation of crypto currency, the fed tapering and with the beginning of the omricon variant, i find it extremely hard to be bullish during this time, whilst i am no bear, i do not look at the chart and see a parabolic rally being prepared, mainly because whales do not have the ability to manipulate a 2 trillion dollar market cap in the event that we do see a 100k btc rally, furthermore with the entire market calling for 100k btc we wont have any bag holders around the 70k + range especially if those buying at 80-90-100k know that will be the top for the market. The next few days will remain crucial for btc, with support around the 44k range and a 48k resistance, this must hold or max payne could result in a drop below the 40k range, given the position of the rsi we may be able to rally to 52k which i believe will become our newly placed resistance for at least a few days with a close above for the new year around approximately 52-60k, depending on market sentiment. Long term, i cannot comfortably say whether or not i believe the market has topped for this cycle, as many things are uncertain, from an economic stand point the fed will be fully tapered around approximately June which should show us priced in for a heavy bear market from march onwards. Regardless of the circumstances i will continue to accumulate as i suggest everyone else should, you will never lose through dollar cost averaging. Happy trading and have a good weekend. :)

well well well, where are all the dickheads calling for 100k eoy btc now? interesting after they were done pumping shit coins only shown on poo coin like pussyfluffer3000 they realised they couldnt get enough 15 year olds to pump their bags so tried their hands at shilling btc, well it aint working out too well, hope yall have a resume prepared, mcdonalds is hiring.

another play, time to 2x once again, lets get rich

short term very bearish on bitcoin but long to medium term i am bullish. With new covid strain and scares for the global economies along with india about to start doing mass regulation of crypto and stable coin regulating i think the market is in for a rough few weeks, if we can stay above 50k i will be impressed, either way i will continue to accumulate. NFA

well well well, bond yields go up bitcoin goes down, strong inverse relationship between bond yields and s&p 500 and bitcoin, if fed plans to taper in november, i believe this will be the end of the bull run.

Very interesting charts, I'm no expert just my analysis, BTC bull run appeared to start at the same time the fed started printing at massive amounts around March 2020, halving event takes a lot of effect don't get me wrong but bull run started to the T of when fed started printing, 17-18 bull run also had no halving event which suggests that halving is less significant than people think, (my opinion don't attack me please). Now over the next 1-3 months the fed will begin tapering, significantly. Every man and his dog believe q4 is gonna be insane and we will reach massive all time highs, but who's gonna be left holding the bag? (MY OPINION PLEASE DON'T ATTACK ME)