Bitcoin in short-term

Hello friends, If you are interested in technical analysis, take a good look what comes down here. :)

Forecasting bitcoin trends using trend lines:

Descending trend: Pertaining to chart, the descending trend line (red line) forms its initial point at the 10 Nov 2021. The second resistance point forms at the 15 Nov, and the third at 1 Dec.

Wrong Turn: Chart, displays decelerating descending trend line (blue line), which, when broken, signaled a trend change much sooner than the initial descending trend line.

Descending channel: chart demonstrates a descending channel formation, with the support zone represented by black line

Black line (support) still has use? :(

Bitcoin did a retracement above the 0.618 fib (see attached idea). On the other hand, 4 Dec (support, green line, and $ 41800) witnessed strong momentum to the upside and retesting the black line as support once again .

As a result, the price can re-enter the channel once again. Bitcoin looking bullish above 51k (BTC is going to keep going up).

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Peter Schiff @PeterSchiff

Explain how #Bitcoin is a better store of value than #gold. Bitcoin is currently trading 30% below its Nov. high. Gold on the other hand is only 5% below its Nov. high. Now 5% may be a large drop in one month, but at least gold held up better than the #NASDAQ, which is off 7%.

twitter.com/Pet...867606304571392?s=20

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How to benefit from herd mistakes?

Go against the herd!

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Dear traders:

(while BTC>50k) potentially Large pump coming to Bitcoin, but I will update if i change my mind!

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This sort of price movement happens a lot:

if the stop-loss sells your Bitcoins and the price bounces back (in the same trading moment), What happens?

you don’t have a chance to buy back in.

Warren Buffett agrees with buy-and-hold strategy.

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2 * 1,000,000,000 USDT

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,000,000,000 USD) minted at Tether Treasury

whale-alert.io/trans...02d37857feda87b5d23d

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,000,000,000 USD) minted at Tether Treasury

whale-alert.io/trans...dc6b296c6485a9b1f3f4

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🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,000,000,000 #USDT (1,000,000,000 USD) transferred from Tether Treasury to #Binance

whale-alert.io/trans...206e7df6f48d71df675c

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what is next? let's speculate! :)

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