Don't be surprise to see price of btc drop this week

[Theones]

snip

The chart is very optimistic, but there are no corrections on it. It is possible that the Bitcoin price will remain in an uptrend up to $100k, but there may be a large correction at any time and the period in which the $100k will be achieved will extend to several weeks or months.

[shoreno]

The chart is very optimistic, but there are no corrections on it. It is possible that the Bitcoin price will remain in an uptrend up to $100k,

wow what the heck really ? that can be true that there are no corrections incoming if the chart looks pretty good but on the other hand its also possible that chart is only faking it for us to not suspect for a correction but we are just going to be surprised when it happens .

but there may be a large correction at any time and the period in which the $100k will be achieved will extend to several weeks or months.

this is what im talking to earlier that there could also be a correction that will occur but thats reasonable if our journey to 100k will be delayed because 100k isnt small that it will hit in an instant but it can take lots of struggles

[Theones]

The chart is very optimistic, but there are no corrections on it. It is possible that the Bitcoin price will remain in an uptrend up to $100k,

wow what the heck really ? that can be true that there are no corrections incoming if the chart looks pretty good but on the other hand its also possible that chart is only faking it for us to not suspect for a correction but we are just going to be surprised when it happens .

but there may be a large correction at any time and the period in which the $100k will be achieved will extend to several weeks or months.

this is what im talking to earlier that there could also be a correction that will occur but thats reasonable if our journey to 100k will be delayed because 100k isnt small that it will hit in an instant but it can take lots of struggles

  Do I see well that you split my sentence and made two completely different comments to it? Very creative! 
But I am glad that you confirmed my words at the end of your comment 

So yes, $100k is not a small price and there will be corrections for sure.

[blue_nexus15]

You are waiting for some blind spot to satisfy take profit and buy ) I am afraid that bitcoin price will continue to go up diagonal.  Because what might continue for this support trend has not stopped.  Make sure to make that point of view, I have impact information here.
https://cryptopotato.com/worlds-largest-asset-manager-blackrock-confirms-theyre-looking-into-bitcoin/

https://u.today/worlds-first-bitcoin-etf-just-launched

[justdimin]

Great chart Walt, we never consider the Dollar of 2021 is nothing the same as the Dollar of 2019 and it will alter prices that should be expected for the same value, naturally we do rise over time to compensate for the new dollar supply.   Its a known effect but also usually unaccounted for.
  Price right now is the same peak as on the day of the Tesla buy news and also at the 2 day average, its been sideways since then and so Im not sure if we fall or not.

Dollar devalued like crazy in the past 1.5 years, it wasn't that amazingly strong in 2019 neither actually, we should take a look at around late 2017 and early 2018 and we can say that it wasn't that bad at all, and now about 3 years later or so, it is doing much much worse. This has always been the case whenever there is a big major problem in the nation, this was even global and worldwide and not just in USA neither so it affected even more, remember 2008? Dollar devalued like crazy after that too, and this was horrible too.

Basically since dollar price devalued like hell, the price of bitcoin increased so much easier, when the thing you are pegged to drops that much, there is really to that much you can lose from bitcoin. I believe we are going to see even higher prices on bitcoin when this new set of stimulus takes into full affect in the markets.

[LUCKMCFLY]

Hi guys,

Although a correction is very likely and normal, I think that for now it is a bit far away, I always like to see and analyze the market through tensorcharts.com, because it gives me real-time information on the volume and the green means purchases and the red means sales. , not only represents negotiation, and by observing we can appreciate:



The analysis is at Days to give me a daily idea of the behavior, and the volume is in green, even if at this moment prices are being placed in orders, because to buy it is necessary for another or others to sell, but the volume represents in these Buying moments, and it's not bad, when we see the delta they are currently for sale at around 3852.30BTC, and there are sales orders at $ 54870.3.

If a temporary change is made, more volatile behavior can be seen and with many more sales orders. The buying force is impressive and I think this is very positive.

When looking at the shorts in tradingview, you can see that they are only opening a minimum, that for me means that there is no presence of bears wanting to lower the price.



For now this is how I see the market, it is my personal analysis regarding the issue of expecting a drop.

[Walt Dyer]

Hi guys,

Although a correction is very likely and normal, I think that for now it is a bit far away, I always like to see and analyze the market through tensorcharts.com, because it gives me real-time information on the volume and the green means purchases and the red means sales. , not only represents negotiation, and by observing we can appreciate:



The analysis is at Days to give me a daily idea of the behavior, and the volume is in green, even if at this moment prices are being placed in orders, because to buy it is necessary for another or others to sell, but the volume represents in these Buying moments, and it's not bad, when we see the delta they are currently for sale at around 3852.30BTC, and there are sales orders at $ 54870.3.

If a temporary change is made, more volatile behavior can be seen and with many more sales orders. The buying force is impressive and I think this is very positive.

When looking at the shorts in tradingview, you can see that they are only opening a minimum, that for me means that there is no presence of bears wanting to lower the price.



For now this is how I see the market, it is my personal analysis regarding the issue of expecting a drop.

To me, all this cluster analysis is 50/50.
But if you make money with it and it helps you. I'd be happy to. I spent a lot of time trading with it and lost a lot of money.