Crypto holders should use caution and buckle up as bitcoin just made a crucial move on the bitcoin daily chart. What this means for crypto could be short term volatile and mid term bullish, but what happens next with btc price could be pivotal on the macro charts.

    Intro 00:00
    Earnings headlines are kicking in 00:50
    Bitcoin weekly macro crypto cycle 1:20
    Bitcoin daily pullback approaching 3:00
    Caution 4:00
    Bitcoin daily new data points 5:30
    The hidden macro bullish signal 9:35

    https://www.cnbc.com/2023/01/16/stock-futures-tick-lower-as-investors-look-to-corporate-earnings.html

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    37 Comments

    1. I fully agree with you Dan, and if you consider the possibility of a cup and handle pattern being formed here, a retest of the 0.786 – 0.618 fib levels to confirm them as support would in fact be the completion of the handle part of the pattern. If completed we would be looking at a measured move target of approx $28k. Let me know your thoughts here. As always keep up the great work! πŸ‘

    2. I would agree that if the markets were like ones before. Plus bitcoin dropped below a previous all time high, never happened before, that is extremely worrisome.

    3. The way I've been viewing it is that there are one of two things that will happen. Either the MAs cross and there will be a jump up to about $30k, in which case I will just happily hold my crypto and watch the value go up, or (more likely) we will see a consolidation back down to pretty similar levels we saw in the previous months in which case I can continue buying for a few more months

    4. I agree, my personal risk strategy is to bet both sides of the fence and then let it rip.. Find the middle ground n the chart (long Term) then do a buy and sell order,, then sit bask and draw down on. one thing though, you must have enough float to cover off on the negative side. draw off profits. I have used this on the Natural gas. now on the down side run..Fingers crossed

    5. There is no such thing as bullish sign in the bear market Dan!
      This is so wrong that peoples think Bitcoin going up and up in the bear market.
      Be careful guy we will see a new lower low.

    6. Draw a trend line on RSI between the two lows that formed a bullish divergence on the weekly and buy when it hits that trend line the third time

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    8. Great content you have always have amazing content on this page I hope everyone is good and I hope you all are getting ready for the great opportunities that would present it self this year, I have been paying a lot of attention which has been been of great benefit to me, I meet an amazing expert few months ago who has helped me monitor my moves Florina Steven gave me a different perspective on how to maneuver the market and I’ve got a huge bump in my finances i became a millionaire with her impact my advise to everyone is to keep an eye out for opportunities in this current economic situation.

    9. My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US

    10. Please am new to this Bitcoin or crypto of a thing. I need a proper guidance on a good Trader to start investing with Any one to help with any recommendations..

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