BTC Decision time - Move to 3446 then 3162 or 4419 then 4934

[hieunguyen1912]

A decision will be made to move to 3446 then 3162 or head to 4419 then 4934.

Many of the ALTs are showing this similar setup and BTC has to make its move out of this green triangle. .

Normally for a bullish move to occur the CMF has to be moving up and pointing upwards and it also has to be above its mid-line - But in BTC's current case the CMF has slipped below the mid-line and is trending and sloping Downwards , .

However looking closely at BTCs current CMF move it appears to be a deceiving move as when a trend line is drawn against the CMF ( the green arrow ) The CMF trend is actually not moving downwards but the CMF is actually sloping and moving upwards which can be interpreted as BTC remaining bullish .

Another hint is the KVO remains above the mid-line indicating the asset remains buliish. Price usually follows the KVO Hence if the KVO remains above its mid-line I suspect BTC will make a move to the 200MA zone which reaches up to the 4940 area,
As alwatys a good stop-loss is recommended and Im setting a stop loss at 3740 for safety just in case things go south.

u can see more in here : https://coinwhalenews.com/news/n/btc-news-btc-decision-time-move-to-3446-then-3162-or-4419

[barota]

You should not think so. If your analysis is not correct. You will buy expensive
Everyone agrees that prices under 4,000 are rare chances

with the new news about cboe , you should expect more rise in prices bitcoin

[talkbitcoin]

A decision will be made to move to 3446 then 3162 or head to 4419 then 4934.

the choices are not only these two! you are naive if you think otherwise.
the most possible choice is that we will continue seeing the same price for a much longer time.

Many of the ALTs are showing this similar setup and BTC has to make its move out of this green triangle. .

Wrong.
many of the altcoins (specially those that are not among top coins) have been showing a lot of profit as they have been getting huge pumps. and that is only because bitcoin is stable! otherwise they would have been dumping hard.

u can see more in here : https://coinwhalenews.com/news/n/btc-news-btc-decision-time-move-to-3446-then-3162-or-4419

no, thank you. i am tired of all these new sites that you guys keep creating and then advertising here.

[Slow death]

Name: hieunguyen1912
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[...]

You came to advertise your site, I hope you continue to post here in the forum. about your analysis I have nothing to add

[Clark05]

You should not think so. If your analysis is not correct. You will buy expensive
Everyone agrees that prices under 4,000 are rare chances

with the new news about cboe , you should expect more rise in prices bitcoin

Yes the price of the price of the bitcoin now expevcing to up because the movement of the market is doing great again.
Price of $4000 is good to see again so if you have time to buy and extra money use it to buy bitcoin lower than $4000 value because you're lucky if you are someone also who buy bitcoin under that value because price will experience again huge pump which is possible to happen this month.

[1Referee]

Everyone agrees that prices under 4,000 are rare chances

I don't agree with that, so it's not everyone.

If you're completely honest to yourself, and look at the market from a neutral point of view and not from an 'I want my bags to pump hopium view', you'll acknowledge that our long stay below the $4000 level is very much indicative of how people don't think buying at these levels is a rare opportunity.

In fact, most people expect even lower levels. On the other hand, people expecting lower levels tend to be wrong more frequently than right, so based on that, you could even consider this to be a bullish signal. Last year people were overly bullish, down we went. This year people are overly bearish, and now it's waiting for the next big move.

We're due for a massive break in the coming 15-20 days, so we'll see what we get. I hope it's green, but I'm prepared for red too.

[magneto]

I'm still expecting the majority of price action to be sideways movement.

I think that currently, bitcoin is not posed to be necessarily entering into a bull market. The sentiment within the market is still bearish and there is still a bit of fear and uncertainty in terms of the psychology of the investors, which is honestly very normal given what had happened last year.

But I do think that prices have already bottomed at this point. The chances of bitcoin prices going under $3k is still there, albeit a very small one in my opinion, because of the strong institutional demand that will be present below that zone. But short term wise, if bitcoin does break the $4k resistance there will be a short term rally, while if it dips further I don't think it will create a new bottom. As a result, this is a good time to start dollar cost averaging if you haven't already (which you should have done ever since BTC was under $4k, imho).

[Oilacris]

~snip~

I do appreciate someones Technical analysis but most likely I don't really tend to follow anytime nor hardly believe that they would able to push through as predicted.Im only using Moving averages and Support $ Resistance lines which is already enough for me to make some presumptions.

For now we are stabilizing on 3800-3900+ price.We wont know the next move either breaking those resistance and go through 4.9 price.

[neonshium]

Yeah, bitcoin as built a resistance in the $3000 range so it will not be a surprise if the price drop to $3400, the only thing that will be of surprise to me is if the price drop below $3000 which I really doubt because it should have happened already if it is supposed to be so. I know and I believe strongly that this is a great year for crypto HODLERS because we a going to see a bull run in price.

[exstasie]

A decision will be made to move to 3446 then 3162 or head to 4419 then 4934.

Many of the ALTs are showing this similar setup and BTC has to make its move out of this green triangle. .

Normally for a bullish move to occur the CMF has to be moving up and pointing upwards and it also has to be above its mid-line - But in BTC's current case the CMF has slipped below the mid-line and is trending and sloping Downwards , .

However looking closely at BTCs current CMF move it appears to be a deceiving move as when a trend line is drawn against the CMF ( the green arrow ) The CMF trend is actually not moving downwards but the CMF is actually sloping and moving upwards which can be interpreted as BTC remaining bullish.

Oscillators are unreliable for determining breakout direction. In fact I avoid oscillators entirely. They lend themselves to curve fitting and people tend to ignore more important signals, like actual price action and S/R breakouts. I'm also wary of drawing trend lines on oscillators, especially multi-faceted oscillators like CMF since they become so far removed from real price data. I tested these methods years ago because other people seem to use them but they just don't seem to perform well.

Better just to wait and see, then trade the breakout. There's quite a lot of gas in the tank once we break $3,650 or $4,200.