Btcdollar
Short TheKing ?
- ADX was always a strong indicator about Trends movements and strength, so read carefully the graph, this is a 2 Week view, in comments i will post 1 Month view.
- Just Check ADX Overbought Zone and you will understand, for now, i can tell you that 82% of retailers are shorting TheKing and believe it will crash.
- That said i can tell you that 86% of institutional investors and assets managers are Long on BTC.
- So what i want to explain clearly is :
- Whales are just waiting for a big dip to buy your Bitcoins, they always cumulate BTC, they move them out from exchanges and keep in their wallets. no matter if BTC falls to 1000$, they will buy more.
- TheKing is still Alive because Whales never dropped their BTC, they dropped a bit for living, but this new nerd generation understood about the meaning of freedom in the "Satoshi Whitepaper".
- Most of the Whales are not driving a Lambo but drive a small car, they fly coach, they visit the planet, and they go supermarket like you and me.
- Retailers try to win money in the Both Ways because they are just greedy, Long and Short BTC, the problem is when you Short BTC you don't have your coins... you have your "Short Contract" (x2 at least).
- When you are shorting a disinflation technology, it means you are fighting with something made for a best future, less poverty, more equitability, better world for your family.
- When you are shorting BTC you are taking the risk that the exchange you are using close or get a hack, you cannot move a contract in an hardcore Wallet, but if you buy BTC, you can move coins in your Ledger.
- When you are shorting BTC, you own nothing. Not your coins. Not your Key. just the wind.
- i hope this makes some people's open eyes about a greedy financial system.
- Believe in TheKing!
Happy Tr4ding !
BITCOIN ANALYSIS My analysis on btcUsd 30-minute chart Shows a potential corrective structure since we recognize an A-B-C structure that forms the first leg of double zig zag correction wave(w) and another A-B-C structure that makes up the last leg of the double combo.
Also, there is a descending parallel channel supporting the corrective strucre, I expect the corrective wave should terminate any time soon and then wait for a bullish confirmation signal to prepare for the next bullish move.
The last BTC flight to ( Max = 82/000$) Before the historic fallHello friends
My words have been repeated
I have told a history before due to some news of restrictions from China and users' fear of further price drops
The ascent to 41 was delayed
But little by little we will return to the market rising again
But I repeat this will be the last climb
False and designed ascent
For maximum whales profit
And after that, we will see the historic fall of Bitcoin to last year's price
This crash happens once every 4 years
And the time has c ome
Last flight Bitcoin Max 82/000 Before the historic fallIt is being formed according to the
Wyckoff Method
And the Bitcoin accumulation model. The price of Bitcoin now should be 79,000, but it is at the price of 34/800
It will soon reach its historical peak
Min = 72/000
Max = 82/000
Plan A
It is anticipated
And in the worst case scenario B
In any case, the ascent to 42 occurs
Last Flight to (72-78) Before the final fall -8/000B: is the last point of the ascent (64/000)
As you can see in the figure
Money triangle abc
Composed
1-1: But the larger triangle 1-1 to 1-3 has not yet been formed
1.2.3
1: The first wing of the bat
2: The letter w is the body of the bat
3: The second wing of the bat
To form the previous large triangle
No. 1 wing letter w
Which is known as the bat formed here
But the second wing, number 2, is taking shape
Which will come up to 42 and then open its wings to 72
💡Don't miss the great buy opportunity in BTCUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (54580).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 57600
TP2= @ 59445
TP3= @ 61760
TP4= @ 65000
TP5= @ 67700
SL= Break below S2
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💡Don't miss the great buy opportunity in BTCUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (54580).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 57600
TP2= @ 59445
TP3= @ 61760
TP4= @ 65000
TP5= @ 67700
SL= Break below S2
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💡Don't miss the great buy opportunity in BTCUSD@Bitcoin". There is a possibility of temporary retracement to suggested support line (48280. 40 ).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 52640.00
TP2= @ 55018.00
TP3= @ 56600.00
TP4= @ 58400.00
TP5= @ 61100.00
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️
BTCUSD Update: Profit=340900 SL=78800 Reward/Risk > 4.3:1Trade Setup summary:
Profit targets=340900 pip (28000 + 56500 + 91400 + 165000)
Stop Loss =78800 pip
Reward/Risk > 4.3 : 1
Current Status:
Total Profit: 177537 pip
Closed trade(s): 100337 pip Profit
Open trade(s): 77200 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 11367.21 based on 'previous Forecast' at 2020.07.31 :
Closed Profit:
TP1 @ 11420.0 touched at 2020.08.01 with 5279 pip Profit.
TP2 @ 11700.0 touched at 2020.08.01 with 33279 pip Profit.
TP3 @ 11985.0 touched at 2020.08.01 with 61779 pip Profit.
5279 + 33279 + 61779 = 100337
Open Profit:
Profit for one trade is 1153.21(current price) - 11367.21(open price) = 38600 pip
2 trade(s) still open, therefore total profit for open trade(s) is 38600 x 2 = 77200 pip
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (11420.0) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP2= @ 11700.0
TP3= @ 11985.0
TP4= @ 12334.0
TP5= @ 13070.0
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Trade well, ❤️
ForecastCity English Support Team ❤️