$BTC if bears are wrong and price does not reach 24k, then it will be truly devastating to their long term bitcoin earning potential. The FOMO is real. All bears are nervous. Welcome to the bull run. BTFD.
$BTC the fundamentals do not support the idea of a return of price to the 4yr moving average. There are more new buyers getting involved than ever before. Btc is undervalued for future potential but on par for stock:flow. In 2024 when stock to flow is 100... you will see what happens.
$BTC bitcoin is not in a bubble from a long term perspective. The brief spikes are corrected and consolidated. Bitcoin’s true store of value is in the yearly lows and the halvening guarantee of rising scaricty and average price. Disbelief?
$BTC fib time 5 on the 23rd. Substantial movement around that time would be expected up or down. After the 350x1.6 / 111 death cross, odds are in favor of further downside regardless of the “bullish penant”
$BTC fibs and trend lines appear to preempt moving averages which are the effect and not the cause of btc movements. Looking to prove this but watching the action to sort it out. Need a regression mathematician to sort it out.
$BTC could go all the way to 39.4 without a pullback ... in theory. Thats where diagonal resistance sits. Or we end up testing below the current triangle again. We are confirming breakout at this moment.
$BTC keep in mind... that little green flag has been on my chart for over a year now and those flags represent critical trend line targets that are almost always hit/retested. It could be different this time but don't be betting the farm. 200 on the 1d is still at around 15k. BTFD. BTFD. BTFD.
$BTC traders are wAiting for the max stop losses to be put into play... this could easily test above and below the bull pennant. With the 350x3 overhead, going up more this month is no small task but possible... if tesla can do it...
$BTC here is bitcoin and its monthly pivots. Indecisive but it is the bull market by longer moving averages... watching for a break either way. Volume dropping but it is bitcoin... may not mean anything bearish.
$BTC nearly 30% correction from the top was predicted for cycle 3 bull market of bitcoin and that happened already. People who were saying that more than 10% drop was not possible (due to tutes and billionaires) just don’t know how this system works. never underestimate bitcoin in either direction. Any speculative asset can make 30% moves at the drop of a hat.
$BTC zzz still waiting on the devastation of leveraged longs and stops... they are all sitting under 30k. It is such as easy liquidity target before getting this show on the road. Make it quick and maximally painful. Too many newbies unafraid.