Bitcoin Bull Market could be here right now If you want help trading Bitcoin or any other ALT coins hit me up, We will improve your trading MartyBoots here. I have been trading for years and I am here to share my ideas with you to help the Crypto space. 1 day ago · Bitcoin daily chart alert - Normal pause in strong bull market - Dec. Jim Wyckoff Wednesday December 23, Kitco News. Share this article: Kitco News has launched its Outlook, which offers the most comprehensive coverage of precious metals markets in the new year. Trillions of dollars were pumped into financial markets in. Sep 21, · In the short term, some traders are considering both bearish and bullish scenarios for Bitcoin. Several traders say that if Bitcoin loses the $10, support convincingly, it could see a larger.
Bitcoin bull marketTime To Pay Attention: Where The Bitcoin Bull Market Correction Might End
While institutions often take positions for the long-term, lasting as long as five, ten, or twenty years and beyond. This also makes their buy-in price irregardless at current levels given their position sizes and targets five to ten years out, when Bitcoin could be worth millions per coin.
The need for low prices is negligible for investors of this size, but even they are calculated risk-takers and are more likely to enter when the cryptocurrency finally corrects. This could lead to any crashes being bought up extremely fast by hands that will be less likely to sell in the near term future, which means the next impulse will be stronger for it. I'm Tony Spilotro. I pride myself on the fact my content is research-driven, educational, and entertaining, offering the crypto audience an unmatched value.
Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. All Rights Reserved. Advertise Submit a Press Release. Home Technical analysis BTC. Reading Time: 3min read. Reloads and free spins available every day, for every player, in mBitcasino Crypto Autumn Bonanza! Play Now! Tweet Share.
Could you be next big winner? Tony Spilotro I'm Tony Spilotro. Related Posts. Still, when an asset trends this hard, the corrections are just as severe.
The momentum has only just shifted, and given the strength of the move up, the correction is likely to be as dramatic. And with bulls now conditioned to buy every dip , the potential for a squeeze of the last remaining leveraged traders before the next leg up is high. Given all the conditions, it is time to pay attention. The quote is a nod to a commonly used phrase by Bollinger Bands creator John Bollinger.
The technical indicator he created was used to spot the powerful Bitcoin movement upward before it fully began. The structure is looking good, but we need a bit of confirmation first. The tool is a complex one with a moving average and two standard deviations that diverge or contract measuring volatility. But Bollinger Bands can also be used to find support or resistance, and in Bitcoin bull markets, the middle-line appears to be the de facto support level that keeps the uptrend intact.
If bulls want to be successful and knife catch the exact bottom of the correction, then the middle-BB on weekly timeframes is an area to watch. With the all-important middle-BB lining up almost exactly with that steep of a correction, it is most certainly time to pay attention. I'm Tony Spilotro. I pride myself on the fact my content is research-driven, educational, and entertaining, offering the crypto audience an unmatched value.
Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.
All Rights Reserved. Advertise Submit a Press Release. Home Technical analysis BTC.