I called previous Bitcoin bottom and top. Likely bottom here.

Check out the ideas where I called the Bitcoin top and bottom in the related ideas section.

Currently price is being supported by heavy buy walls, and we on the 200 week moving average, which should be defended. At the very least, the weekly candle should not close below.

It seems like whales want to save Bitcoin, and there is accumulation going on.

Therefore, we join their trade. 3250 should be the best possible price to buy Bitcoin. I am unsure if this is the bottom, but there is definitely accumulation in this area. if you buy at any price currently, you will be buying near the lows, possibly like buying 3.2k before the final drop to 3.1k. It always looks bad before it gets better.

I am certain price will bounce. I would like to see Bitcoin hit 3250 and bounce, but there is a chance we close lower. Either way, there should be a bounce at some point near this current price.

Thanks for viewing!

Komentar:

Personally I would scale in long slowly and add if price does move up convincingly.

Do not have a stop loss since you will be averaging your position lower.

Get out if price closes below 3250, not just a wick.

Komentar:

I feel like this could drop.

Komentar:

It dumped as I suspected. This idea is still valid however. I was long from 3.2k before it dropped to 3.1k. This could be similar.

I still believe 3250 to be the best place to buy.

Trading ditutup: target tercapai:

Hahahaha it pumped hard.

Awesome!

Trading ditutup: target tercapai:

For now I have closed my long and have filled a 1x short as a hedge.

This will probably go much higher, but on the smaller timeframe we will probably retrace.