Bitcoin Technical Analysis

FTMO Trader Scouting

sebking1986

Well-Known Member
Tough to gauge with the Russia situation at the moment as it is creating a risk off sentiment which obviously isn't so good for crypto as a whole.
 

Jungletrader

Active Member
I imagined it would only bolster investing in Crypto I see some of the Ukrainians fleeing were able to use their Crypto to buy food and services in other countries as their bank accounts were frozen.
Hurra for bitcoin
 

Swiss_cheese

Well-Known Member
Lot's of speculation on both sides of the Russia-Ukraine situation as to whether it has been good for crypto or not.
Looking at the charts from a technical point of view, it doesn't look like a considerable affect either way so far.
 

sebking1986

Well-Known Member
As well as going after Binance. Thing is as a % last year 0.06% of transactions could be attributed to laundering. $8.6bn out of $14tn on centralised exchanges. So the rationale can't be attributed to crime. Just a want to control it and fill their own pockets for tax.
 

LuckyMac

Well-Known Member
As well as going after Binance. Thing is as a % last year 0.06% of transactions could be attributed to laundering. $8.6bn out of $14tn on centralised exchanges. So the rationale can't be attributed to crime. Just a want to control it and fill their own pockets for tax.

So true, its a narrative that suits them and gives them the 'moral' high ground to ban it or regulate it. All predicated on what they want to spin
 

sebking1986

Well-Known Member
Regulate to tax and then make the cost of it higher. Then claim they are doing us a favour by giving us a tax break.
 

LuckyMac

Well-Known Member
If it's anything like everything else so far under Biden it will be slow and drawn out. Unless it's pulling troops out of Afghanistan...

Definitely agree, things seem to take an age with him at the helm. Very frustrating for all involved id say
 

momo3HC

Active Member
BTC26032022.jpg
Hi all.
Long time no see but there’s plenty of reasons for this. First of all there’s no major change in my TA view because I’m looking only in long term BTC perspectives. Secondly I’m really busy. But… these days I’m setting some new hardware, getting it ready for work and while I was looking at the newly added funtionality at TradingView I’ve found something really interesting which I can`t miss to share with you.
Just look at the chart below. It`s a 1D BTC chart with a perfect Elliott Wave (EW) price action. If you don’t know what Elliott Wave is you can see it here -> https://www.liberatedstocktrader.com/elliott-wave-theory-principle-examples-stock-market/. In short - Bitcoin is not in a bear market, neither we saw it`s top for this cycle yet.
The future projection (the blue line) is purely indicative. It’s based on the previous EW cycle which is good starting point for the next one and may be the next ATH.
That’s it for now. Think good about it. Soon I’ll try to look more deeper into charts to see what we can find more there to see more clearly the BTC presumable future moves.
 
FTMO Trader Scouting
Top