BitcoinLong
Btc: Are bulls ready for 10k?
Up by 46% since mid-december, are we going to retrace at some point or just continue goin up..
Let's do a backtrack of the previous moves (From 2019 - 2020):
1. First impulse, we see a pump from 3 750 to 13 750 in 5 months! (January - June)
2. Then we saw a downtrend channel formed, we retraced in that period from 13 750 to
6 500 which is a 56% retrace! (June - January)
3. On January 13 we confirmed a breakout from the pattern and started a reversal.
4. Now we are just about to start February, what's next?
Is February a good month for Bitcoin?
Here's the results of the previous years (From 2015 - 2020):
2015: 18.5%
2016: 20.1%
2017: 23.1%
2018: 0.5 %
2019: 11.4%
2020: ?
So does it mean that we should FOMO in, because Btc will likely go up like in the past?
Well my anwser is no, i don't think Btc will go up just because of theses kind of comparaison, but i do think that Btc will go up for sure, here's why:
- Break on January 13 of that big downtrend channel;
- Perfect re-test which confirms the start of the reversal;
- First break of a big resistance (9 150) on today's 3d close. (In 2h30)
So what to expect next?
Retrace to 9 050 - 9 180 to confirm the break, the drop we had today is not the one i'm talking about here since the 3d close wasn't done yet.
I do expect another drop, but be ready it will be probably bought up quickly so my orders will be pre-set!
From there we should see again new highs, 10k will be my tp and 10.9k my target for the next 1 - 4 months.
Long: 9 050 - 9 160
Sl: 8 920
Tp: 10 000
Target: 10 950
I won't short here, it's really risky and with that monthly close around the corner i don't want to risk really.. might try a little one for fun but it will be with like 0.01% of the portfolio for fun lol!
Indicators are flipping bullish on 1m and 1w so i hope you are hype, the bull season is ready for this next part!
If you want to see my personnal play feel free to click on the link below, you'll be re-directed to my privates group.
Let's do a backtrack of the previous moves (From 2019 - 2020):
1. First impulse, we see a pump from 3 750 to 13 750 in 5 months! (January - June)
2. Then we saw a downtrend channel formed, we retraced in that period from 13 750 to
6 500 which is a 56% retrace! (June - January)
3. On January 13 we confirmed a breakout from the pattern and started a reversal.
4. Now we are just about to start February, what's next?
Is February a good month for Bitcoin?
Here's the results of the previous years (From 2015 - 2020):
2015: 18.5%
2016: 20.1%
2017: 23.1%
2018: 0.5 %
2019: 11.4%
2020: ?
So does it mean that we should FOMO in, because Btc will likely go up like in the past?
Well my anwser is no, i don't think Btc will go up just because of theses kind of comparaison, but i do think that Btc will go up for sure, here's why:
- Break on January 13 of that big downtrend channel;
- Perfect re-test which confirms the start of the reversal;
- First break of a big resistance (9 150) on today's 3d close. (In 2h30)
So what to expect next?
Retrace to 9 050 - 9 180 to confirm the break, the drop we had today is not the one i'm talking about here since the 3d close wasn't done yet.
I do expect another drop, but be ready it will be probably bought up quickly so my orders will be pre-set!
From there we should see again new highs, 10k will be my tp and 10.9k my target for the next 1 - 4 months.
Long: 9 050 - 9 160
Sl: 8 920
Tp: 10 000
Target: 10 950
I won't short here, it's really risky and with that monthly close around the corner i don't want to risk really.. might try a little one for fun but it will be with like 0.01% of the portfolio for fun lol!
Indicators are flipping bullish on 1m and 1w so i hope you are hype, the bull season is ready for this next part!
If you want to see my personnal play feel free to click on the link below, you'll be re-directed to my privates group.
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