🚩#Bitcoin Quick Update‼️ $68,500
👉 Well, I think it was necessary to show that we can still make 100% Technical Analyses with historical price data, patterns, price structure, and reliable technical indicators to identify trends, and evaluate potential predictions... but not like the daily parade of those financial clowns invited in media, predicting "the one who gets the biggest one".
It is unfortunate that experts, media and influencers have now adopted the “absurd standard” that they must always find a reason to explain any movement in the BTC's price structure, being inevitably correlated with Spot Bitcoin ETFs, which is a huge stupidity and shows a real lack of knowledge.
@AlainBKK 9/3/2024
👉 Well, I think it was necessary to show that we can still make 100% Technical Analyses with historical price data, patterns, price structure, and reliable technical indicators to identify trends, and evaluate potential predictions... but not like the daily parade of those financial clowns invited in media, predicting "the one who gets the biggest one".
It is unfortunate that experts, media and influencers have now adopted the “absurd standard” that they must always find a reason to explain any movement in the BTC's price structure, being inevitably correlated with Spot Bitcoin ETFs, which is a huge stupidity and shows a real lack of knowledge.
@AlainBKK 9/3/2024
🚩#Bitcoin Quick Update‼️ $69,300
👉 Media likes drama story... $BTC is still above its ATH level broken, so a pullback from there should confirm its bullish trend
👉 Media likes drama story... $BTC is still above its ATH level broken, so a pullback from there should confirm its bullish trend
🚩#Bitcoin Quick Update‼️ $67,800
👉 Analyzing an asset in an ATH zone without history and a single reliable technical indicator is like a balancing act! Fortunately, no one dies from it on X cos we can see the worst stupidities, which are now always correlated to their new "Holy Father", Blackrock. 🤡
🛠To break its 855-day-ATH, $BTC launched a 1st impulse wave to test it but that was rejected, before a 2nd successful attempt with its price hit $74k, the new $BTC ATH increased by $5,900...
...followed by (1) a CORRECTION as announced by almost all media, experts... or (2) perhaps a PULLBACK??? 😕
I won't explain again the difference, but a "correction" on a,b,c indicates a reversal trend (here,bullish to bearish) as opposed to the "pullback" which confirms the current trend (here, bullish). Easy!
So next time when an expert sells you a "correction" for a "pullback", you'll know he’s not an expert ...and If it's from a crypto training seller, just ask him for a refund! 😅
👉 Analyzing an asset in an ATH zone without history and a single reliable technical indicator is like a balancing act! Fortunately, no one dies from it on X cos we can see the worst stupidities, which are now always correlated to their new "Holy Father", Blackrock. 🤡
🛠To break its 855-day-ATH, $BTC launched a 1st impulse wave to test it but that was rejected, before a 2nd successful attempt with its price hit $74k, the new $BTC ATH increased by $5,900...
...followed by (1) a CORRECTION as announced by almost all media, experts... or (2) perhaps a PULLBACK??? 😕
I won't explain again the difference, but a "correction" on a,b,c indicates a reversal trend (here,bullish to bearish) as opposed to the "pullback" which confirms the current trend (here, bullish). Easy!
So next time when an expert sells you a "correction" for a "pullback", you'll know he’s not an expert ...and If it's from a crypto training seller, just ask him for a refund! 😅
🚩#Bitcoin Quick Update‼️ $70,200
👉 Sorry for all the experts and analysts who saw in this 17% drop a correction phase and therefore a reversal from bullish to bearish trend... whereas as announced here it was the opposite with a perfect pullback which clearly confirms the current upward trend.
I still think $BTC will settle down in an accumulation range for a while...
👉 Sorry for all the experts and analysts who saw in this 17% drop a correction phase and therefore a reversal from bullish to bearish trend... whereas as announced here it was the opposite with a perfect pullback which clearly confirms the current upward trend.
I still think $BTC will settle down in an accumulation range for a while...