Bitcoin (BTCUSD)

BTC has reached the projection zone that goes from 119.250 ~ 125.500

I'm currently with 2 longs ep with the TP at 125k, which i believe is a symbolic value for bearish interest to emerge, but the price alone is insufficient for me. I'll keep an eye on PVSRA for significant clues to believe in a daily/weekly pullback. At the opening, ill add the breakeven, TP or SL i'll look for shorts after close my EPs.

Keep on eye...

Near 121,141 level test. Now testimg uptrend support

A closer look

bulls still holding uptrend after testing SL

Testing Fib level some bears here

Do not grow a brain people. Be calm, this is an easy trade.

Daily & Monthly ATR targets hit.

Pending weekly which sits around 128k. Hmm. Could hit 130k as psychological level.

Target for CUP & HANDLE not far fetched. Almost there.

Congratulation all guys the Bitcoin price is touch 1 lakh 22000

Finally made some decent profit in this new ATH to recover that big loss. +3.62% (relative to initial deposit amount). And without big risks.

The next challenge is to avoid a long losing streak and lose it all again.

But at least I learned something. And I am near breaking even this month now.

Is Bitcoin finally crashing? Is it safe to buy? Is it safe to sell? Will it drop more or it already fell enough?

Today's drop, the biggest volumes in M1 came always in the VWAP SD, this is a pattern when MMs is buying, and we also see an accumulation below the 100EMA (Could be bullish) But we never know what the MMs will do. I removed my BE and add more longs but use your due diligence, i've been wrong other times, this is just my idea.

Yesterday the pattern was different, the biggest volumes were coming from Upward VWAP SD and we saw the drop that happened, so it's just my idea...

As the mayority, I'm very bullish on $BTC, just to remind guys, don´t sell everything, in the past years the ATH was $1000, now that is less of 1%, in the future ones, $120,000 will be a fraction of the price, you will regret selling everything.

Just got a successful textbook 1:3 risk reward short trade in current dip. What a lucky entry!

Profited +1.40% in this trade.

And it repeated later near the same price:

This is the kind of opportunity you have to learn to spot.
But I did not trade the second, I was sleeping. And I am not sure if I would, but given the risk, it is doable.

Price is being defended above the Dragon, keeping a bullish bias on 4H. The last high was made on Climax Volume (Blue candle) maybe a distribution by MMs. PA currently in an accumulation phase with decreasing volume, typical MM behavior waiting for more liquidity.
As long as the price stays above the Dragon, favors the bullish side.
If PA break 120k with increasing volume, starts a new Mark up. If lose the Dragon with a strong candle and climax sell volume, possible pullback for EMAs (112k~110k).
Rising volume is a key to confirm direction. Im still in long postion waiting.

Will Bitcoin finally break through this resistance? Or will it fall again?

It seems the time has come.