Bitcoin is approaching a pivotal moment: within the next 100 days, it could either enter a parabolic rally or see its bull market come to an end. This forecast stems from an analysis by trader Tony "The Bull" Severino, who highlights the current record tightness in Bitcoin's Bollinger Bands—a classic volatility indicator.
The Bollinger Bands have reached an unprecedented level of compression on weekly timeframes, signaling a potential breakout. Severino notes that such tightness often precedes significant price movements, but warns that the breakout might take more than three months to materialize. He emphasizes that while a breakout above the upper band could signal a new uptrend, there's also the risk of a false breakout or a downward move before any significant rise.
Historically, similar scenarios have resolved within about three months. Severino suggests that Bitcoin's next move could either propel it into a parabolic surge or mark the end of its three-year bull rally.
In summary, Bitcoin's current market conditions are at a crossroads. Investors and traders should remain vigilant, as the coming months could determine the future trajectory of the cryptocurrency.
Bitcoin traders across major exchanges are currently showing a slight preference for long positions over shorts, with the overall long/short ratio at 51.4% longs and 48.6% shorts. Notably, Bybit stands out with 60% of positions being long, while most other exchanges hover close to an even split. WhiteBIT is highly skewed toward shorts at 99.6%. These ratios provide a quick snapshot of market sentiment and can help inform trading strategies for those monitoring BTC price movements�.
This is the first time I’ve actually checked my TWR. Honestly, I didn’t think I was doing that well with my stocks. I work in tech, so I invest in companies that make components I know will stand the test of time. I also put money into companies that make my life harder like gas and oil.
My friends keep asking me for stock advice, and I never thought I was doing anything too crazy. One chart shows the last 3 years, and the other covers the last 3 months. My TSM probably would’ve done better, but Smith & Wesson really set me back.
The internet might call my moves risky, but I feel like I’m making safe bets on companies I actually understand and trust.
Over the past 3 years, I’m up 120%, and I barely touched my portfolio during that time. I just started investing again last month, and in the past few months, I’m up 20%.
✅When it's time to talk about gains, every crypto trader turns into a financial genius with perfect charts. But when the losses come up... suddenly, nobody knows anything! 🤷♂️📈
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