2024-02-04 17:12:19
#Bitcoin - whats next ?
The big Sunday report, all you need to know:
TA/ LCA/ Psychological Analysis: Last week when Bitcoin was between 40-42k I told you that Market changed and I notified you that BTC indeed managed to breakout above MA100, EMA50, and recently MA50 daily. Indeed, those breakouts cant be ignored and I told you that bulls are back, I told you bulls leading the way and only few listened, many kept shorting and saying it will go lower. Indeed they were proven wrong
So what is next?
Iam expecting sooner or later a pump towards the region of $44.000, the target Iam speaking about the last 7 days and its loading no matter what. The big thing is: After hitting 44k region we need to watch BTC reaction. Maybe small downside correction from 44k region, just to continue going up again, or, it will smash 44k and keep going up without any correction. In other words, I would not dare to short in these days. Up only and my final target in this cycle is 50k which is expected in the next weeks.
My plan is very easy to understand, I see MA100 as mother of support in this cycle, and we are far away from our support which is a good sign for bullish continuation, especially after regaining MA50 daily and EMA50, so there is no reason to panic for all those that are scared and panic selling each dip, indeed those people are gambling and have no plan to follow or market understandings
For those that read the Sunday report from 7th January and placed their longs in the mentioned region are already in big profits. (https://x.com/DrProfitCrypto/status/1743977610139291999?s=20) I will add more longs between $41.350 - $40.980 if market allows to visit. This doesnt mean market will 100% visit those targets, but if sudden FUD happens or a flash crash, Iam more than happy to long in these regions, otherwise I will just keep the 38.5k longs open
The first target is 44k region, and you will see it happening, afterwards its a matter of time when seeing 50k region, its either full explosion to the upside or 44k and small correction before going up again, market is extreme bullish and people have no idea. Summary: 44k next, we watch BTC reaction, either sideway and small correction before continue going up, or full explosion going up with next target of 48k, and afterwards 50k region in mid - end of Q1
In terms of Calendar its a very calm week. Jerome Powell will have a speak on Monday which can cause some volatility, all in all, a very calm week
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