Would you rather SHORT or go LONG?
It is interesting, I felt the impulse to go call it short at support but I stopped myself. I was thinking, "If I didn't sell at $120,000 or higher why would I sell at $110,000?" And it results that $110,000 is the market bottom.
Instead, I said, "I prefer to go LONG." Sell at resistance, buy at support.
$110,000 is a strong support and the signals coming from the altcoins market are only building up, that is, Bitcoin is bullish because the bullish bias across the market remains intact even with a $15,000 drop on Bitcoin, which means that the demand for Crypto is just too strong.
We know this, we know... We buy and we hold. We continue buying and wait for the retrace to end to go LONG again. But, we will start to SHORT corrections and retraces based on the short-term. A more advanced game.
We continue bullish on Bitcoin because of obvious reasons. The price is what gives it away. If you look at the chart, a very obvious and strong rising trend.
I don't care what the television or the news guy is saying. I don't care how fast or far prices go. If the action is happening above $110,000, I am super bullish and calling for a reversal unless this support level fails. Since $110,000 continues to hold, I continue to say Bitcoin is going up.
If $110,000 breaks, Bitcoin continues bullish long-term above $100,000.
We are going up. We have three days red and still no drop. Low bearish volume and Ethereum looking strong.
Bitcoin is not going down, this is called consolidation before additional growth. Going down is a move or trend, lower highs and lower lows. The only thing low is the size of the drop. Bitcoin is not dropping anywhere near to what it used to do in the past and that's ok. The market continues to evolve, Bitcoin becomes stronger, it becomes more stable; it drops less but also grows slower but it also leans toward growing long-term.
Bitcoin will continue to grow. The bull market is not over. The best is yet to come.
Namaste.
It is interesting, I felt the impulse to go call it short at support but I stopped myself. I was thinking, "If I didn't sell at $120,000 or higher why would I sell at $110,000?" And it results that $110,000 is the market bottom.
Instead, I said, "I prefer to go LONG." Sell at resistance, buy at support.
$110,000 is a strong support and the signals coming from the altcoins market are only building up, that is, Bitcoin is bullish because the bullish bias across the market remains intact even with a $15,000 drop on Bitcoin, which means that the demand for Crypto is just too strong.
We know this, we know... We buy and we hold. We continue buying and wait for the retrace to end to go LONG again. But, we will start to SHORT corrections and retraces based on the short-term. A more advanced game.
We continue bullish on Bitcoin because of obvious reasons. The price is what gives it away. If you look at the chart, a very obvious and strong rising trend.
I don't care what the television or the news guy is saying. I don't care how fast or far prices go. If the action is happening above $110,000, I am super bullish and calling for a reversal unless this support level fails. Since $110,000 continues to hold, I continue to say Bitcoin is going up.
If $110,000 breaks, Bitcoin continues bullish long-term above $100,000.
We are going up. We have three days red and still no drop. Low bearish volume and Ethereum looking strong.
Bitcoin is not going down, this is called consolidation before additional growth. Going down is a move or trend, lower highs and lower lows. The only thing low is the size of the drop. Bitcoin is not dropping anywhere near to what it used to do in the past and that's ok. The market continues to evolve, Bitcoin becomes stronger, it becomes more stable; it drops less but also grows slower but it also leans toward growing long-term.
Bitcoin will continue to grow. The bull market is not over. The best is yet to come.
Namaste.
Trade active
Bitcoin Update · Higher LowBitcoin is now producing a higher low on the daily timeframe. This can mean the end of the retrace if we have a positive close today.
Volume is pretty standard and the retrace was already strong enough. The altcoins are starting to recover and Ether looks really strong.
The altcoins market is bullish. If the altcoins are growing is because Bitcoin is about to grow. If the altcoins are growing is because Bitcoin is growing, even if short-term there is a drop.
Zoom-out. Focus on the bigger picture.
Think long-term.
As soon as Bitcoin hit $120,000, the 2025 bull market was confirmed. It is not over. This is only the start.
Namaste.
Note
Bitcoin UpdateHere I am looking at the 4H timeframe and Bitcoin is doing better and better, it seems we get to keep or high risk LONGs. The chart is looking good.
Bitcoin is now trading at $111,500+ which is at the top of the session, always a great signal specially when we are close to the close. Closing at the top is extremely bullish and you know we have this nice higher low. It doesn't get any better; the next advance will be so strong. The altcoins will match Bitcoin and do 10X what Bitcoin does, it will be awesome.
We see rising bull volume. When the lowest point was hit bearish volume was low, not the highest ever and this is always a revealing signal. It is a subtle one and for this reason I mention it often but important.
So Bitcoin is rising now above EMA8 on the 4H timeframe. The price is good and continue to build up bullish strength.
When I saw NMRUSDT breaking up more than 50% I was so convinced I knew Crypto was going up. This is a strong project, solid project and it cannot produce such a breakout if the market is not going up. So seeing this one chart helped me decide to go LONG. Me, you and all of us and we get to see prices go up.
Thanks a lot for your continued support.
Namaste.
Note
Bullish Divergence · Bitcoin's 4H Falling Wedge, MACD & ReversalThe falling wedge is a bullish reversal pattern. It comes up on a downtrend or bearish move and ends with prices converging into one single point and then comes the breakout. It is the most common pattern in the Crypto market to produce a bottom. This is the first reversal signal.
Bitcoin produced a lower low recently. When the trading pair produces a lower low but the indicator deviates and instead produces a higher low, we have a classic bullish divergence. Below you can see the charts.
Bitcoin 4H: Lower low with break above EMA8
MACD 4H: Higher low with bullish cross
The bullish cross on the MACD coming from a low point is a strong reversal signal. The higher low on the MACD on itself is also a bullish signal and supports a reversal.
This is a good combination of signals. Even if prices stop rising briefly, you know the market supports additional growth in so many ways. Whatever happens, hold strong; Bitcoin is going up.
Namaste.
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🚨 LIFETIME (Pay for 7, get 1)
lamatrades.com —Since 2017
🚨 Results
ETH +2150%
CRO +1272%
AAVE +1134%
XRP +749%
DOGS +868%
SOL +687%
BTC +580%
t.me/anandatrades/1350
🚨 Analyses & Results
t.me/masteranandatrades/6681
lamatrades.com —Since 2017
🚨 Results
ETH +2150%
CRO +1272%
AAVE +1134%
XRP +749%
DOGS +868%
SOL +687%
BTC +580%
t.me/anandatrades/1350
🚨 Analyses & Results
t.me/masteranandatrades/6681
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.