In this chart i used very basic S/R flip methods to define S/R zones that could play a role in future price action. Generally you want to look to long the green supports (or better retests of it) and short the red zones (or better retests of it). If price breaks a level it flips to the opposite. S to R and R to S. This is a very high time frame view, thus good for swing trading or longterm investments, not for scalping! Have fun with the chart and remove or add levels you like. Have a nice day and dont forget to zoom out ;)
According to Bitcoin's history ,it often crashes to the area where the previous bull market occurred. More goes behind me saying that the bottom is at 1200$, but to simplify it ''History repeats itself''. This is not a financial advice , this is just for entertainment. Do your own due diligence. I am not responsible for any loses.
Listen to the counter trend expert. Bitcoin dumped, bears took a little break, consolidation, then trend continuation. Maybe it will bounce a bit right now, as people get baited as usual. But going higher than 5000 is very unlikely. Even 4500 is meh nah. People are starting to realise they got scammed by an obvious ponzi. Did a child say "the emperor is naked?", once a child says the obvious it propagates like fire. https://www.tradingview.com/x/n9z8KpxU/ The us stock market went up and that doesn't stop this ponzi from going down. Ohwww gawd down 5% while I type this ok I'll post and update later. Imagine if us indices did NOT go up 700 points ? xd TFW it is such a big scam it crashes faster than you can type it. Bitcoin is hanging on 3400$ (3400!) by its little pinky. It was "impossible that 6000$ breaks" just a couple of weeks ago LOL. Will get interested when we panic flash dump below 2000$. Can happen pretty fast so brace yourselves. Be ready. Remember... https://www.tradingview.com/x/pasASc3o/ * Using Kraken? Have orders ready much lower in case of a flash crash (like $1000 $500 $100 etc).