$10800 Bitcoin Bottom Confirmed ???

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CyberHour

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A lovely joke I like it :)
You are forgetting some tiny mini facts.

1st.. Tesla's BTC is at average price of 40k.. so they will be stupidly buying anything that go above 20-25k.
2nd.. MicroStrategy 120k BTC's are with average price of 28k
3rd.. MicroStrategy is literally buying 100k $ worth of BTC in daily basis.
4th... BTC miners are currently in buying mode


There are more and stronger facts which I won't mention because FEDs are Brrrrrrrrrrrrrrrrrrrrrrrwatching us :D
 

im.King

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A lovely joke I like it :)
You are forgetting some tiny mini facts.

1st.. Tesla's BTC is at average price of 40k
2nd.. MicroStrategy 120k BTC's are with average price of 28k
3rd.. MicroStrategy is literally buying 100k $ worth of BTC in daily basis.
4th... BTC miners are currently in buying mode


There are more and stronger facts which I won't mention because FEDs are Brrrrrrrrrrrrrrrrrrrrrrrwatching us :D
Thinking of Bullishness isnot bad at all

But you should also know that When Bitc was 60K and elon sold all and The Market back to 28K or so and they where the Microstrategy gone as of everyone know Micheal has so many So many and he keep buying and Buying but here is the things when market can take Deep dip with one single person sell that whom we trust on this !!!!

Miners, Retailers, Investors or These big Banks , Hedges global like Elon , Micheal , and so
 

CyberHour

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But you should also know that When Bitc was 60K and elon sold all

Tesla never sold ALL its BTC holdings but 10% which basically was the PL difference. You can check their past 2 SEC reports :)

BTW as funny it may sound.. If Tesla investors and board members vote for full sell of BTC .. Musk can't do a sh1t about it :D
 

ashish2112

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When Bitcoin was at 10K have you even think it will goes upto 70K Mark ?

No Right ❌

Think about Vice versa….

When majority of peoples saying same Things is Crypto that Means Whales about to Do opposite and Let every freak out
More money from retailers have flown to crypto due to the bull Run so it can't go back to 10k
Though I think it will be a bear market and BTC can reach 34k
I have been holding few thousand dollars to buy in when it reaches there
 

im.King

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More money from retailers have flown to crypto due to the bull Run so it can't go back to 10k
Though I think it will be a bear market and BTC can reach 34k
I have been holding few thousand dollars to buy in when it reaches there
Everyone right as per their Point of view and as per there Knowledge & All i would say again

“ Cant , Impossible, it will not “

these wont valid in crypto as long we are not Regulated or some sort of Government stuff


#BITCOIN IS LIFE
 

ranga

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OMG !!!

Just Made some analysis long time back and just seen that Trendline is Broken and the Mostly likely bitcoin can touch $10800 which is the Bottom Support of this Trend

I dont know how long its gonna Take but this will surely Gonna happen sooner or later (I’m Patiently waiting for that)

These are the Majot Support need to be broken before we see the $10800+ Support


$42k*
$34K*
$28K*
$23K*
$17K*
$10K*

[Whats your thoughts on cryptos and about this Analysis ]
Don't dabble much in crypto, but this is what I am seeing

BTCUSD_2021-12-09_16-54-16.png


Volume is Declining

Second peak was at lower volume

Volume is starting to increase in downside

(I hope this chart gives correct volume figures, don't know how volume works in crypto)

35-32K is strong support and 50% retracement, if it breaks then its a long road down. Long term trend line is still intact. Only thing looking worrying in the chart is volumes, if volume increases in positive direction from here then it will reverse to the topside.
 

ranga

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TA is astrology for financial sector. You can have the best indicators and predict whatever you want, but Elon Musk might just tweet something or there's a new regulation announced and your predictions are instantly worthless.

This is what I learn't from my experience, when the mood of market is down or market is overstretched on upside, any positive news is ignored and negative news is over amplified. If the mood of market is up or market is overstretched on downside, reverse happens, negative news is ignored and positive news is over amplified.

It like market is going to go UP or DOWN its just waiting for a reason. This is what TA tries to predict.
 

im.King

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Don't dabble much in crypto, but this is what I am seeing

View attachment 194709


Volume is Declining

Second peak was at lower volume

Volume is starting to increase in downside

(I hope this chart gives correct volume figures, don't know how volume works in crypto)

35-32K is strong support and 50% retracement, if it breaks then its a long road down. Long term trend line is still intact. Only thing looking worrying in the chart is volumes, if volume increases in positive direction from here then it will reverse to the topside.
Your TF is 1W

And the Waves touch in W, 1D , 4H , 1H all Time Frame which consider the Bearishness at some point of Touch

Trend lines , Fib level and The Volume all Together Pushed by Marked Player at that time !

Rest we will what happen

as of Now today -3% Bitcoin Lets see

41EE45AD-8D99-48D8-99A4-95B6071EF111.jpeg
 
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