Gain-Keeper
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In this phase, don't short anymore. No matter how strong the resistance is, do not short. Just wait for a good entry and then buy.
Hey, can you give me some advice? Should I cut it or add more? It’s about 500$ in the end.
BTC's Next Trend on the D1 Chart:
Looking at the chart, #Bitcoin may undergo a short-term correction before continuing its long-term uptrend.
Head and Shoulders Pattern:
If you look at the chart, you’ll see multiple head and shoulders formations, which are typically a bearish signal. After each high, the price tends to fall to lower lows, suggesting that $BTC might drop toward the $60,300 zone.
Strong Support at $60,300:
The $60,300 level could serve as a strong support area where $BTC previously found a foothold. If the price r
Head and Shoulders Pattern:
If you look at the chart, you’ll see multiple head and shoulders formations, which are typically a bearish signal. After each high, the price tends to fall to lower lows, suggesting that $BTC might drop toward the $60,300 zone.
Strong Support at $60,300:
The $60,300 level could serve as a strong support area where $BTC previously found a foothold. If the price r
Strong Resistance Around $62,000
The chart shows that BTC is struggling to break above a descending trendline (purple), which has acted as resistance since early July. Each time the price touches this line, it gets pushed back down, forming lower highs over time, indicating that the bearish trend remains intact.
Double Top Pattern:
A potential double top formation is evident around the $62,000 region, a classic bearish reversal signal. This pattern typically suggests that after failing to break the resistance, the price is like
Double Top Pattern:
A potential double top formation is evident around the $62,000 region, a classic bearish reversal signal. This pattern typically suggests that after failing to break the resistance, the price is like
BTC Popularity Might Not Be So Good
While there are several reasons to be optimistic about Bitcoin following BlackRock's approval of its Bitcoin Options ETF, it’s worth considering some counterarguments to the key points presented.
Increased Institutional Participation:
While having more institutions involved in Bitcoin could boost its legitimacy, it's not always great for its price. Institutions tend to have short-term profit goals and use complex hedging strategies, which can increase volatility instead of stabilizing the marke
Increased Institutional Participation:
While having more institutions involved in Bitcoin could boost its legitimacy, it's not always great for its price. Institutions tend to have short-term profit goals and use complex hedging strategies, which can increase volatility instead of stabilizing the marke
Talking about $BTC today is like watching the Titanic heading straight for an iceberg. Everyone’s hoping it’ll steer away, but let’s be real... Bitcoin is sinking faster than a kid letting go of a balloon in the wind.
Sure, the price of Bitcoin is hovering around $64,000. Sounds decent, right? Don’t get too excited. It’s just a pretty number masking the chaos underneath. Analysts are still clinging to optimism, predicting it could hit $68,000 or, if you’re really dreaming, $86,000. But reality? Every time BTC hits resistance like a superhero facing a villain, it bounces back under $60,000, dragging wallets down with it. Over $43 million in short positions liquidated, only to set up the next batch of long traders for a trip to the ICU.
If you’re waiting for Bitcoin to skyrocket and change your life, well… proceed with caution. Sometimes, Bitcoin is like a gambler in Vegas: "Big win today, bankruptcy tomorrow." These rapid gains might just be the teaser before it nosedives back to the $50,000 zone like a rollercoaster.
So, if you’re all in on $BTC, better prepare yourself to watch your account turn green before it flashes red like a fall leaf. And if by some miracle you hold on until the end of the year,
congrats, you might see it climb. But remember, the Bitcoin ocean is always ready to swallow those who lack patience!
#bitcoin☀️ #BTC #etherreum #HODL
Sure, the price of Bitcoin is hovering around $64,000. Sounds decent, right? Don’t get too excited. It’s just a pretty number masking the chaos underneath. Analysts are still clinging to optimism, predicting it could hit $68,000 or, if you’re really dreaming, $86,000. But reality? Every time BTC hits resistance like a superhero facing a villain, it bounces back under $60,000, dragging wallets down with it. Over $43 million in short positions liquidated, only to set up the next batch of long traders for a trip to the ICU.
If you’re waiting for Bitcoin to skyrocket and change your life, well… proceed with caution. Sometimes, Bitcoin is like a gambler in Vegas: "Big win today, bankruptcy tomorrow." These rapid gains might just be the teaser before it nosedives back to the $50,000 zone like a rollercoaster.
So, if you’re all in on $BTC, better prepare yourself to watch your account turn green before it flashes red like a fall leaf. And if by some miracle you hold on until the end of the year,
congrats, you might see it climb. But remember, the Bitcoin ocean is always ready to swallow those who lack patience!
#bitcoin☀️ #BTC #etherreum #HODL
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