The ability to tell who knows what they're talking about and who is just spewing non-sense will determine a lot of your success in life. You need to know who to listen to and who not to.
Last time
#bitcoin
was like this on marketcipher B was right before the pandemic dump. Split rsis plus red dot on the 3 day. Could be an ugly february.
#marketcipher
4hr vwap coming down and moneyflow curving down on 15 min. Might be a good short for
#btc
soon. Although the daily still looks good. Be careful out there. These are rough waters.
I'm thinking sideways bullish action for
#bitcoin
in the short term. I like what I'm seeing on daily, 4hr and 15 min on
#marketcipher
. As always, be careful on the weekends guys.
2 most likely senarios for crypto: 1. Sideways btc for the next week or two and continuation of alt season, then pullback for crypto in mid september. 2. Pullback of btc and alts for the next week or two, then recovery starting around mid september.
The crypto bears really need to open their eyes right now. Inflation is starting to hit hard. Every cycle has been longer than the last. Obviously anything can happen, but I really think this is the time to buy.
I am definitely more bearish on
#bitcoin
right now, but I'm not confident enough to add to any positions currently. Patience is key to being a successful trader.
I took some additional profits on my
#btc
short at 42k even. My intuition tells me that we wont come much lower, but a big dump is definitely still in the cards. As long as the moneyflow on the daily remains in the green, I don't see us crashing down. Just my 2 satoshis.
I think the most likely scenario right now is a sideways action
#bitcoin
and a continuation of alt season for the next week or so. When
#marketcipher
has a lot of conflicting info, this is typically what happens.
Putting in a small
#btc
long here. I like the 4hr vwap and 15 min money flow into the green. Pretty risky tho. I think we might come up to the spiderline.
The bearish scenario is a rejection off this spiderline. Always a great place to take partial profits and set stop loss to entry point.
#bitcoin
#marketcipher
The main bullish case for
#bitcoin
right now can be made with the potential wvap crossover on the 4hr on
#marketcipher
. If this occurs and I like what I see on the smaller time frames, I will add to my long position.
One of the reasons I'm starting to think more and more that 15k was the bottom for
#Bitcoin
is that if you factor in inflation and buying power, bitcoin's price already went down over 80% in the bear market.
I like the vwap coming up the 10hr on
#marketcipher
for
#bitcoin
. I’d say its more likely than not well bust thru this spiderline. Letting the swing long continue to ride!
This could be the calm before the storm on
#bitcoin
.
#Marketcipher
4hr looks very bearish. If you are long be careful guys. I am hunting a short position! Waiting to see what happens with this vwap.
In order for an asset to perform extraordinarily well, there needs to be fear. The more risk and accountability you take on, the more you can be rewarded.
Good place to take some more partial profits if you’re long on
#btc
. Money is still coming in on lower timeframes however, however 4hr vwap is getting close to the zero line.
@Bitboy_Crypto
No one who's wealthy, or who will be wealthy is really interested in being a hater on twitter. They have much better things to do with their time.
Scenario that makes the most people bored with crypto: bottom in mid to late this year. Bitcoin continues to outperform most alts until early to mid 2024. Is this outcome likely, or am I just too bearish?
Pro tip: If you find yourself staying up all night and sleeping all day. Try to spend at least 10 minutes out in the sun between noon-1pm. It really helps reset your circadian rhythm.
Things are looking very good for
#bitcoin
on the daily. The real test is if we break through the .5 fib level at around 46,893. Its been a VERY hard line of resistance so far.
4 yellow Xs on 30 min for
#bitcoin
and nice bounce off bull market support band. Could be a bottom for a bit. Let’s hope the blood diamonds on daily and 2day dont confirm.
I'm kinda feeling like the general trajectory for crypto in the next 5 months will be pretty similar to July 2019-Dec. 2019. A gradual bleed down to new lows and max apathy among retail. Those who still have money left at the end will be rewarded.
Well see if
#btc
can break above 51-52k today. By the looks of the 4hr. I seems like well go sideways or get rejected from these levels and alts will continue to run for now. Good place to take partial profits if you’ve made a killing with alts like I have.
I’m thinking once this bearish div confirms in 10 hours, it will mark the end of this rally. But, we can pump before then and it may not confirm on this bar. 25.6k-26k is still in the cards.
How bad do you guys think crypto and stocks will drop if its a surprise 50 basis points hike instead of 25? I have a feeling it will be 50. The general consensus is overdue to be wrong.
Unless we are able to pump up to and push through 25k pretty soon, I think theres a lot more downside potential. Really nothing on the macro timeframes looks good at the moment. The likelihood that this was a nasty bull trap is VERY high at the moment.
Marrying an alt-coin usually ends badly. Most of time she takes all your money, time, and energy. You leave the relationship feeling older than before, but slightly more knowledgable, and experienced. Some may try again, and others will not. Those will become bitcoin maxis.
Gratitute is one of the biggest secrets of life. I don’t care where you are in life, there is something you can be grateful for and this will help you accomplish amazing things.