ביטקויןלונג
Bitcoin BTC/USD Analysis
מעודכן
BTC has bounced of 100 DMA (at approx. 
54K) / 21 W-EMA (at approx. 53k) quite well which is a bullish sign for the short & intermediate term.
It looks like a completed wave 4 correction and that wave 5 has just started.
However, some oscillators on higher time-frames (1W, 2W and 3W) still show bullish momentum exhaustion.
If BTC can mange to close above $60850 with a daily candle then the outlook is very good for making new ATHs, otherwise downside risk increases.
Statistically there is a high probability (~70%) hat BTC prices go up until the end of the year or even until 20th March (Seasonality Halloween Effect), whereby
the median return is 38.7% between 31st Oct. - 31st Dec. and 41.8% return between 31st Dec - 20th March!
Keep in mind that also the stock market needs to be considered. Currently it does not look good for the overvalued stock market.
If we get a Dow sell signal also cryptos will suffer from the crashing stock market!
Bitcoin needs to be very strong that it goes up despite a bearish stock market because usually there is a positive correlation.
Anyway, I will buy more Bitcoin as well as Silver, Gold and Uranium stocks.
Everyone should own these assets in current uncertain times, because prices of Bitcoin, Silver, Gold and Uranium will go up considerable in the long-term!
Disclaimer!
I´m not a financial adviser. For educational purpose only!
You can use the information from the post to make your own trading decisions.
Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
54K) / 21 W-EMA (at approx. 53k) quite well which is a bullish sign for the short & intermediate term. It looks like a completed wave 4 correction and that wave 5 has just started.
However, some oscillators on higher time-frames (1W, 2W and 3W) still show bullish momentum exhaustion.
If BTC can mange to close above $60850 with a daily candle then the outlook is very good for making new ATHs, otherwise downside risk increases.
Statistically there is a high probability (~70%) hat BTC prices go up until the end of the year or even until 20th March (Seasonality Halloween Effect), whereby
the median return is 38.7% between 31st Oct. - 31st Dec. and 41.8% return between 31st Dec - 20th March!
Keep in mind that also the stock market needs to be considered. Currently it does not look good for the overvalued stock market.
If we get a Dow sell signal also cryptos will suffer from the crashing stock market!
Bitcoin needs to be very strong that it goes up despite a bearish stock market because usually there is a positive correlation.
Anyway, I will buy more Bitcoin as well as Silver, Gold and Uranium stocks.
Everyone should own these assets in current uncertain times, because prices of Bitcoin, Silver, Gold and Uranium will go up considerable in the long-term!
Disclaimer!
I´m not a financial adviser. For educational purpose only!
You can use the information from the post to make your own trading decisions.
Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
הערה
Due to bullish momentum exhaustion on higher time frames (1W, 2W and 3W) the 21 EMA as well as the upwards trending support line (not shown on the chart above) got broken yesterday about which we warned in our AEME Telegram group. We might get a temporary relief rally, but the correction is probably not over yet. Accumulation zone (LVN blocks): $40700 - $32000.
Downside risk for crypto increases with a bearish stock market!
הערה
Crypto Fear & Greed Index reached "extreme fear" (25)! If Bitcoin closes above 200 DMA or 350 DMA ($46300 - 46600) today, then this could be a great buying opportunity.
Scale in with small positions sizes because BTC price could crash much lower if 200/350 DMA gets broken.
הערה
BTC found support on the 200 DMA and 34 weekly EMA. Time to go long again!
Crypto and blockchain enthusiast
investingcrypto.online
investingcrypto.online
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