Bitcoin/USDT - next levels of resistance
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Prediction Summary:
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I think the chart mainly explains itself
Buying @ 94.3K. I consider anything below 100K a good profit, just as before in my last idea. But Bitcoin is eyeing 120K. Selling is a no go for me.
Bitcoin news is mostly good. If Microstrategy buys another gargantuan amount of Bitcoin, I will gladly FOMO in/above the Ichimoku cloud. The volume seems to be picking up again too. I would stay away from Tron backed assets, even for DEX trading.
The part about acorns is a WO insider joke. Maybe.
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Technical Analysis:
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> Inside/above Ichi. cloud - Bullish
> Fib. resistance tested 3x since Jan. 1st - Bullish
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Fundamental Analysis:
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> Coinbase Launches Bitcoin-Backed Loans- bullish development for the Bitcoin economy [1]
> Latest US inflation data shows decrease in the core CPI for the first time since July - Bullish [2]
> Hong Kong courts use blockchain to serve legal notices - Tron proves itself less decentralized than Bitcoin. I would not recommend trading Tron-pegged Bitcoin assets [3]
Tools used:
Fibonacci Retracement
Open PnL
Ichimoku Cloud
Volume
This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions.
sources:
[1] coinmarketcap.com/community/articles/67895f55b0108d2f7651528d/
[2]
coinmarketcap.com/academy/article/bitcoin-briefly-hits-dollar100000-mark-as-cooling-us-inflation-boosts-market-optimism
[3] cryptonewsland.com/hong-kong-courts-serve-tokenized-legal-notices-to-crypto-wallet-owners/
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Thanks for reading!
Context for yellow lines: tradingview.com/u/GoldArti/
Prediction Summary:
----------------------------------------------
I think the chart mainly explains itself
Buying @ 94.3K. I consider anything below 100K a good profit, just as before in my last idea. But Bitcoin is eyeing 120K. Selling is a no go for me.
Bitcoin news is mostly good. If Microstrategy buys another gargantuan amount of Bitcoin, I will gladly FOMO in/above the Ichimoku cloud. The volume seems to be picking up again too. I would stay away from Tron backed assets, even for DEX trading.
The part about acorns is a WO insider joke. Maybe.
----------------------------------------------
Technical Analysis:
----------------------------------------------
> Inside/above Ichi. cloud - Bullish
> Fib. resistance tested 3x since Jan. 1st - Bullish
----------------------------------------------
Fundamental Analysis:
----------------------------------------------
> Coinbase Launches Bitcoin-Backed Loans- bullish development for the Bitcoin economy [1]
> Latest US inflation data shows decrease in the core CPI for the first time since July - Bullish [2]
> Hong Kong courts use blockchain to serve legal notices - Tron proves itself less decentralized than Bitcoin. I would not recommend trading Tron-pegged Bitcoin assets [3]
Tools used:
Fibonacci Retracement
Open PnL
Ichimoku Cloud
Volume
This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions.
sources:
[1] coinmarketcap.com/community/articles/67895f55b0108d2f7651528d/
[2]
coinmarketcap.com/academy/article/bitcoin-briefly-hits-dollar100000-mark-as-cooling-us-inflation-boosts-market-optimism
[3] cryptonewsland.com/hong-kong-courts-serve-tokenized-legal-notices-to-crypto-wallet-owners/
----------------------------------------------
Thanks for reading!
Context for yellow lines: tradingview.com/u/GoldArti/
Not
Mixed up resistance and support. I meant support.
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