Bitcoin has breached my short term target at $13k already. Many are looking at the $14k as resistance, but I don't see any resistance. If price can above the most recent pivot high on the weekly chart, price will get to my next target at $17k.
For the bulls out the as price moved higher, it formed a daily demand at $12,900. That becomes the new floor. Normally, I don't chase price, but chasing Bitcoin is worth it as I have a 5-10 yr horizon as the risk of Bitcoin not retracing back far outweighs getting Bitcoin a $1000 cheaper.
https://cryptobriefing.com/strong-fundamentals-push-bitcoin-new-yearly-high/
https://cointelegraph.com/news/this-is-the-last-major-hurdle-before-bitcoin-price-can-target-20-000
I'm a supply and demand trader and I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:
Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.
▶️ 3Speak
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These mini alt seasons make me so sad. I own btc and want to see it go up but the life changing money would definitely be made if alts could have a sustainable moon period.
I Think I'll need it to hit 15k because I can say moon is here. We had a lot of short term gains in the past that wasn't really sustainable I mean like that of December 2017. Anyways not to be so negative, it's exciting to see these prices.
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It's all good, there will be down days, but more updays moving forward:)
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You're exactly right on that one, cheers
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Great video. Am contemplating already for more than a week to step into BTC with some of my FIAT. I think you brought me a step further in the direction of going for it :) BTW, when did you record the video, since today it seems BTC did pull back to the levels you mentioned, around 12,9k/13k. Guess based on your analyses, BTC can only go up from this point :)
Don't wait any longer, Ed.
If you keep waiting for pull backs, you keep not buying bitcoin. And buying some now would mean that you could buy even more ( cheaper ) when it does go down ;<)
Groetjes uit Portugal!
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hahahaha nice one... did invest before with such approach at some other coins, none of them got out of those dips that happened after I bought... never invested with FIAT though... dont want to go in with that just before a dip (shortterm)... that said, many are claiming its gonna move up, all fundamentals are right and all.... but yea, I'm not a trader at all and tend to make bad decisions hahaha but thanks, also your comment helps me to go for it :)
None of those coins were Bitcoin. There's only one Big Brother.
I mainly invested with FIAT and have hardly any FIAT money these days. I just trust in crypto currency a lot more and then it helps to invest in those coins that only go up in the long term.
Have a nice day!
I'm with you, I'm looking under my couch for coins to buy BTC:)
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That would be a reason for me to go back to my house. I've got a couch there. Thank you for reminding me that I still have some coins left. Just wish we had Bitcoin ATM's around here, instead of me needing to go to a bank and deposit money first ;<)
Any suggestion how to convert my FIAT to Crypto? Exchange with IDEAL I suppose, or IBAN. Which one would you recommend? Which did you use yourself?
Someone told me to use Binance...They support almost all methods to get FIAT in (and out I suppose :))
What country are you located in, I'm in the US, using Coinbase.
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I tried Binance; Went through a whole KYC and all; Hence my TX is pending; Guess someone need to look at my documents during work hours. Am in the Netherlands. At Coinbase they stated I would have my FIAT over there at November 4th, a week from now; Thats way to slow :)
I was about to let you know that I can help you get started. Are you on discord?
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Yes :) edje/edje42/qsounds#3711
Yeah, I'm not a trader either, that's why I didn't care buying at near $14000, but this morning I was able to buy closer to $13,000 when price entered my daily demand zone.
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Saw your analyses; Mixed with all the other message I got and the knowledge that in the end (long term) BTC can only go up; With more interest from the FIAT investors; Paypal enabling BTC; Drove me also to buy some.
My sentiments exactly @vincentnijman.
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I recorded the video last night before heading to bed. For me the question starts to become, do I want to hold fiat or BTC, then the answer slaps me in my face.
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Hahahaha, so you bought?
I have a pending transaction, hopefully executed tomorrow :)
You should have waited, but I know the feeling...
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I got lucky and bought this morning, when the price dropped as the video was made the night before :)
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Great. It might get lower but at least you bought cheaper than the price in the video. It was somehow expected for the price to fall after that much upwards movement.
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It already pulled back ;<)
I get your point though.
I helped a friend getting started with crypto today. He asked me if it was a good time to buy Bitcoin?
I told him it's always a good time to buy bitcoin.
Or, the longer he'd wait, the more he might regret it in the future.
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It all depends on ones time horizon, that should dictate when they buy/sell something.
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me too
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