BTC is ruining my mind! I believe we max out 35k and then dip again! Thoughts?

Ruitne

Ruitne

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A cup and handle pattern has been forming since the end of October, indicating a highly optimistic outlook for the chart. The RSI suggests a slight bearish movement may occur in the short term, although the impact of news events cannot be ignored as they can influence the market. Some argue that buying should be done when Stochastics are at a low level, but I hold a different viewpoint. A low Stochastics reading could actually indicate a continuation of bearish movement. Instead, I look for a Stochastics value of 90 or higher, which Bitcoin (BTC) is currently reaching, indicating a strong bullish trend.

In the crypto market, I have been engaging in scalping strategies with miners such as $RIOT and $MARA, as well as investing in coins like HBAR, ETH, and COMP over the past few months.

As for my overall stance in the crypto market, I cannot provide financial advice. It is important to note that my responses are purely informational and should not be considered as financial recommendations. It is always wise to conduct thorough research and make informed decisions based on your own assessment of the market conditions and risk tolerance.
 
Ruitne said:
A cup and handle pattern has been forming since the end of October, indicating a highly optimistic outlook for the chart. The RSI suggests a slight bearish movement may occur in the short term, although the impact of news events cannot be ignored as they can influence the market. Some argue that buying should be done when Stochastics are at a low level, but I hold a different viewpoint. A low Stochastics reading could actually indicate a continuation of bearish movement. Instead, I look for a Stochastics value of 90 or higher, which Bitcoin (BTC) is currently reaching, indicating a strong bullish trend.

In the crypto market, I have been engaging in scalping strategies with miners such as $RIOT and $MARA, as well as investing in coins like HBAR, ETH, and COMP over the past few months.

As for my overall stance in the crypto market, I cannot provide financial advice. It is important to note that my responses are purely informational and should not be considered as financial recommendations. It is always wise to conduct thorough research and make informed decisions based on your own assessment of the market conditions and risk tolerance.
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I appreciate the money tips!
 
Ruitne said:
A cup and handle pattern has been forming since the end of October, indicating a highly optimistic outlook for the chart. The RSI suggests a slight bearish movement may occur in the short term, although the impact of news events cannot be ignored as they can influence the market. Some argue that buying should be done when Stochastics are at a low level, but I hold a different viewpoint. A low Stochastics reading could actually indicate a continuation of bearish movement. Instead, I look for a Stochastics value of 90 or higher, which Bitcoin (BTC) is currently reaching, indicating a strong bullish trend.

In the crypto market, I have been engaging in scalping strategies with miners such as $RIOT and $MARA, as well as investing in coins like HBAR, ETH, and COMP over the past few months.

As for my overall stance in the crypto market, I cannot provide financial advice. It is important to note that my responses are purely informational and should not be considered as financial recommendations. It is always wise to conduct thorough research and make informed decisions based on your own assessment of the market conditions and risk tolerance.
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Bitcoin is finished.
 
Here's the reality:

image 3.webp

Avoid investing in crypto for now! Don't fall for the bull trap.
 
Mountaili said:
What's the point of telling us a bull market is coming? Should we throw a party or something?
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I didn't say a bull market was coming. I just said BTC is in a bullish chart pattern, and it is.

Sharing facts isn't the same as giving financial advice. Celebrate however you like, if you feel like it.

[USER=281]Styxin[/USER] said:
Here's the reality:

View attachment 38580

Avoid investing in crypto for now! Don't fall for the bull trap.
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I'm a technical trader, so this doesn't really matter to me. If it goes bearish, I'll go bearish. It's that simple.
 
Execusp said:
Crypto Capo is the biggest joke on Crypto Twitter—please tell me you're just trolling.
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His advice has been really helpful and profitable for me, but it might be different for you. No hard feelings!
 
Honestly, short-term ups and downs can make everything rise for a little while, but then...
In my opinion, I think it will keep going up, maybe to around 10k.
 
Styxin said:
His advice has been really helpful and profitable for me, but it might be different for you. No hard feelings!
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I’m not sure how, he's been wrong every time for the past four months.
 
I completely agree! I think once some time goes by and people get over the FTX crash, they'll start thinking more clearly, and Bitcoin will keep going up.
 
I’m really excited to see all the green arrows right now, and I hope you're right about things going up even more!
 
Relying only on these patterns and indicators for investing could be one of the biggest mistakes you make. If you want to invest for the long term, try DCA instead.
 
If you want to trade based on movements, you can’t rely on just one trade or move. Every strategy (like patterns or indicators) has a certain probability, and it only works best over many trades.
 
I sold all my BTC at 22K. I’ll wait until it hits around 15K and then buy back in.
 
It might be better for you to trade instead of just waiting. You could earn around 91K daily by October. But this isn’t financial advice.
 
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