Bitcoin closed below the resistance point.
The current market conditions are nothing but bullish and because of that, we expect to see the third week trying to close above the resistance.
Even though we’re currently in bullish market conditions, due to different reasons, especially the US election we can see moves in either direction.
As long as we are not closing below the green box, the market is not bearish.
Currently, in our Premium channel, we have an active trade. If you want to join, message @CryptoSignalsAdmin.
The current market conditions are nothing but bullish and because of that, we expect to see the third week trying to close above the resistance.
Even though we’re currently in bullish market conditions, due to different reasons, especially the US election we can see moves in either direction.
As long as we are not closing below the green box, the market is not bearish.
Currently, in our Premium channel, we have an active trade. If you want to join, message @CryptoSignalsAdmin.
Forgot to mention that we have special discount for next 4 members in our Premium channel 🔥
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Do you regret ever buying altcoins?
anonymous poll
Yes! – 170
👍👍👍👍👍👍👍 63%
No! – 101
👍👍👍👍 37%
👥 271 people voted so far.
anonymous poll
Yes! – 170
👍👍👍👍👍👍👍 63%
No! – 101
👍👍👍👍 37%
👥 271 people voted so far.
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Where Bitcoin is heading next?
anonymous poll
Parabolic move towards $15k – 140
👍👍👍👍👍👍👍 55%
Towards green support area – 115
👍👍👍👍👍👍 45%
👥 255 people voted so far.
anonymous poll
Parabolic move towards $15k – 140
👍👍👍👍👍👍👍 55%
Towards green support area – 115
👍👍👍👍👍👍 45%
👥 255 people voted so far.
Bitcoin breaking towards $15 000 🚀
Now we either see $15k by end of this or tomorrow’s day or we back into the $13k area.
If this weekly closes above $14k, get ready for real FOMO to kicks in.
This is the first time we are at these levels without that much euphoria.
Back in December 2017, at these levels people were selling everything they had, getting loans just to buy Bitcoin.
I don’t see that happening now.
Always look at the higher timeframe perspective. Being bullish doesn't mean the price will reach a new all-time high tomorrow. With this price action, I'm really excited for December and especially Q1 2021.
Now we either see $15k by end of this or tomorrow’s day or we back into the $13k area.
If this weekly closes above $14k, get ready for real FOMO to kicks in.
This is the first time we are at these levels without that much euphoria.
Back in December 2017, at these levels people were selling everything they had, getting loans just to buy Bitcoin.
I don’t see that happening now.
Always look at the higher timeframe perspective. Being bullish doesn't mean the price will reach a new all-time high tomorrow. With this price action, I'm really excited for December and especially Q1 2021.
The number of #Bitcoin addresses holding at least one Bitcoin has reached an all-time high, according to data from metrics and analytics site #Glassnode.
As of today, there are 824,193 Bitcoin addresses holding at least one Bitcoin, the equivalent to $14,096. This surpasses the previous all-time high of 824,160, observed on September 17.
The number of addresses holding at least one Bitcoin has been steadily climbing ever since Bitcoin’s inception in 2008—even though the price of Bitcoin has vastly increased since then.
Keep hodling 💪
As of today, there are 824,193 Bitcoin addresses holding at least one Bitcoin, the equivalent to $14,096. This surpasses the previous all-time high of 824,160, observed on September 17.
The number of addresses holding at least one Bitcoin has been steadily climbing ever since Bitcoin’s inception in 2008—even though the price of Bitcoin has vastly increased since then.
Keep hodling 💪
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Only 1 spot left in our Premium channel at the 50% discount 🔥
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Bitcoin Has Been Above $10K for 100 Days - Will Its Price Ever Drop Below $10K Again?
anonymous poll
Yes! – 146
👍👍👍👍👍👍👍 54%
No! – 125
👍👍👍👍👍👍 46%
👥 271 people voted so far.
anonymous poll
Yes! – 146
👍👍👍👍👍👍👍 54%
No! – 125
👍👍👍👍👍👍 46%
👥 271 people voted so far.
Finally altcoin capitulation.
This shit can go on for much longer than you think.
Prices can go down much further than you think.
Most coins will go to zero.
Many people will lose it all.
Capitulation = Last step before either
1) Bottoming
2) Going to zero
That said if you buy early capitulation and capitulation takes the coin down 70%, you're still fucked when it bounces huge so entries have to be timed well.
Good luck.
This shit can go on for much longer than you think.
Prices can go down much further than you think.
Most coins will go to zero.
Many people will lose it all.
Capitulation = Last step before either
1) Bottoming
2) Going to zero
That said if you buy early capitulation and capitulation takes the coin down 70%, you're still fucked when it bounces huge so entries have to be timed well.
Good luck.
Bitcoin reached $16 000 ✅🤩
FOMO is definitely kicking in 🚀
Update is coming in less than 2 hours
FOMO is definitely kicking in 🚀
Update is coming in less than 2 hours
If you’re curious why FOMO is kicking in, this chart may give you some ideas.
Look what’s left on the chart. We have only 2 higher weekly closes before the new all-time high, we are way above the highest monthly close.
This is still nothing what’s actually coming. We can see some flash crashes of even 2-3k. This move up is not only supported by spot buyers but also overleveraged long positions that can be easily squeezed so always have a tight stop loss in place otherwise one flash crash can hurt you a lot.
Look what’s left on the chart. We have only 2 higher weekly closes before the new all-time high, we are way above the highest monthly close.
This is still nothing what’s actually coming. We can see some flash crashes of even 2-3k. This move up is not only supported by spot buyers but also overleveraged long positions that can be easily squeezed so always have a tight stop loss in place otherwise one flash crash can hurt you a lot.
Bitcoin update
On a macro view, as long as Bitcoin stays above $11500, we are in preparation for setting up the new all-time high.
In the meantime, we can see any sort of price action.
The same way Bitcoin didn’t set a new all-time high back in December 2017 by going in a straight line up.
At that time leverage trading was not that popular and even without leverage trading, we saw flash crashes. Now, when we have an over-leveraged market, it's not the question of if it’s going to happen but when!
On a macro view, as long as Bitcoin stays above $11500, we are in preparation for setting up the new all-time high.
In the meantime, we can see any sort of price action.
The same way Bitcoin didn’t set a new all-time high back in December 2017 by going in a straight line up.
At that time leverage trading was not that popular and even without leverage trading, we saw flash crashes. Now, when we have an over-leveraged market, it's not the question of if it’s going to happen but when!
A new all-time high can be reached in a few weeks or half a year. From a macro perspective, it doesn't make big difference but for you as a trader that wants to make some money on the way up, it makes a huge difference.
You cannot hold a position for that long because contracts usually last for 3 months and also ridiculously high funding fees that would eat up all your potential profit.
Because of that, focus on profitable setups with tight stop loss and high risk-reward. I would rather miss a trade than enter the one that's not in my favor.
You cannot hold a position for that long because contracts usually last for 3 months and also ridiculously high funding fees that would eat up all your potential profit.
Because of that, focus on profitable setups with tight stop loss and high risk-reward. I would rather miss a trade than enter the one that's not in my favor.
Observing the market from a neutral point of view, the current FOMO is nowhere close to the FOMO we saw in the last quarter of 2017.
I didn’t find a way to express my opinion through some real stats that would be used as proof until I came across this data.
Bitcoin Relative Unrealized Profit
- Previous global tops were hit at around 0.8
- Last year's local top at $13k was hit at 0.64
- Now we're at around $15k and the current level is only 0.53
Still plenty of room to grow, this is bullish.
I didn’t find a way to express my opinion through some real stats that would be used as proof until I came across this data.
Bitcoin Relative Unrealized Profit
- Previous global tops were hit at around 0.8
- Last year's local top at $13k was hit at 0.64
- Now we're at around $15k and the current level is only 0.53
Still plenty of room to grow, this is bullish.
Bitcoin Fear & Greed Index
I see many people using this and making wrong assumptions.
This index is not used for you to time your entry and exits.
When it’s too high like it’s right now, it doesn’t mean sell your coins, it actually means this is not the best moment for buying cause there should be a better moment sooner or later.
Same worth when it’s too low. At that moment, you should use it as a sign that you should probably wait a little bit for selling because there should be some kind of correction and you will have an opportunity for a higher exit.
Don’t put random things like this Fear & Greed Index in your analysis just as a tool to justify your trading/investing decisions…
Winning an argument is nothing if you will lose money because of being too egoistic and not wanting to accept the other side of the story.
I see many people using this and making wrong assumptions.
This index is not used for you to time your entry and exits.
When it’s too high like it’s right now, it doesn’t mean sell your coins, it actually means this is not the best moment for buying cause there should be a better moment sooner or later.
Same worth when it’s too low. At that moment, you should use it as a sign that you should probably wait a little bit for selling because there should be some kind of correction and you will have an opportunity for a higher exit.
Don’t put random things like this Fear & Greed Index in your analysis just as a tool to justify your trading/investing decisions…
Winning an argument is nothing if you will lose money because of being too egoistic and not wanting to accept the other side of the story.
S&P 500 has just reached a new all-time high.
In all the chaos around the election, the most popular US index fund is reaching a new all-time high.
If I can state my opinion, I don’t see this as an indicator of a strong economy.
IMO, this is a clear sign of the weakness behind the US dollar and very likely new money that’s going to be printed to support the economy.
The second reason for this is that huge tech conglomerates are getting bigger and bigger market share and becoming stronger and stronger.
Amazon, Apple, Microsoft are reaching the highest prices ever but it doesn’t mean the economy is strong.
It’s clear where the money is going and why rich people get even richer. u.
In all the chaos around the election, the most popular US index fund is reaching a new all-time high.
If I can state my opinion, I don’t see this as an indicator of a strong economy.
IMO, this is a clear sign of the weakness behind the US dollar and very likely new money that’s going to be printed to support the economy.
The second reason for this is that huge tech conglomerates are getting bigger and bigger market share and becoming stronger and stronger.
Amazon, Apple, Microsoft are reaching the highest prices ever but it doesn’t mean the economy is strong.
It’s clear where the money is going and why rich people get even richer. u.