I got a feeling it may shoot up, way past £6000. We have just had a weekly candle close above the 50 MA. The last bear market candle close above the 50 MA on weekly, BTC continued all the way up through the 100 MA before retracing, (week 2 Nov 15). Funny thing is, when it first closed above the 50 MA (weekly) at that time, the price subsequently went up about 80% within the next two weeks. If that happens again BTC would hit around 10.5/11k.
I am afraid technical analysis only works on Bitcoin when there isn't news too look at. Technical analysis is effective in a narrow time frame one week or lower. It is effective in Forex in the one month time frame when you are trading for wealth. While Fundamentals are good for formulating Entry, Stop and Targets, Fundementals are followed heavily by inexperienced traders which have been driving this market. Lets not forget the advance to 19 K back when was entirely driven by retail buyers. Now we have institutional coming into play, BAKKT, Halving, and tons of positive news coming in. Combine that with FOMO riding on top of moving average ribbons and you have all the makings of the Bull Run.
Still waiting for the volume on the monthly. We must follow through with HUGE VOLUME above 5560 Lol. The only thing that has me a bit concerned is the shorts getting way to high.
The 4hr on bitmex has formed an ascending triangle, which we broke above, and are now bouncing off of as support. You can also see that the current trajectory of the trend started once we started to recover after the tether fud. What do you think, man?
I am absolute pleb for hodling through 2017 till now mostly due to tax. But I started adding more at 3300, on Sami's call. He's killing it big time.
It's time to get GREEDY
do we see 4K again ?
Liverpool vs Tottenham final
Green Dildo Party soon
The term for big candles is "lightsaber" – Coinfucious Say
Shorting at $5995
Lol, Dildo candle? Just call it a Lightsaber Candle
Your link to the VIP won't work! 🙁
Cluedo: Forflies with the dildo in the lorry. Excellent.
James Carter .. many thanks for your info reply .👍✌️
Excellebt analysis
What if 1% pumps in from fidelity
Always good stuff. Thank you. I did hit up @Forflies but the link did not work.
werent you calling for a dump as it failed to get above that 5400 area? Now your stating you expected to break higher?
Nothing to fear about, bitcoin mining is profitable with the right strategy like that of mike harry trading
Woah….buying DMT with BTC then talking to Machine Elves about Bitcoin…..just saying.
Still expecting a huge correction???
what exchange do you use?
You and Crypto Kirby are in cahoots? Your T/A is exactly the same, are you just copying him?
I got a feeling it may shoot up, way past £6000. We have just had a weekly candle close above the 50 MA. The last bear market candle close above the 50 MA on weekly, BTC continued all the way up through the 100 MA before retracing, (week 2 Nov 15). Funny thing is, when it first closed above the 50 MA (weekly) at that time, the price subsequently went up about 80% within the next two weeks. If that happens again BTC would hit around 10.5/11k.
I am afraid technical analysis only works on Bitcoin when there isn't news too look at. Technical analysis is effective in a narrow time frame one week or lower. It is effective in Forex in the one month time frame when you are trading for wealth. While Fundamentals are good for formulating Entry, Stop and Targets, Fundementals are followed heavily by inexperienced traders which have been driving this market. Lets not forget the advance to 19 K back when was entirely driven by retail buyers. Now we have institutional coming into play, BAKKT, Halving, and tons of positive news coming in. Combine that with FOMO riding on top of moving average ribbons and you have all the makings of the Bull Run.
Still waiting for the volume on the monthly. We must follow through with HUGE VOLUME above 5560 Lol. The only thing that has me a bit concerned is the shorts getting way to high.
The 4hr on bitmex has formed an ascending triangle, which we broke above, and are now bouncing off of as support. You can also see that the current trajectory of the trend started once we started to recover after the tether fud. What do you think, man?
Thanks 🇬🇧🤙🏻
Since shorts are piling up doesn't it make a short squeeze more possible which will propel things upward faster?
😂😂 8:45
Haha, yes the watermark is a little bit in the way… Anyway nice to see you still going strong man! Keep it up!
Sam, thx for the video. Can you explain for newbies shorts and longs please?
Why Dont you open a Etoro Account so we can follow you ???
Thanks Sami =D
Short time friends!
Everyone loves a Big Green Girthy Dildo.. LOL