Bitcoin (BTCUSD)

The pair still holding above 4 hour support now around 45000, a base below will slide it to around 38000
Currently, the best is to wait for monthly and weekly close/open to see the more clear bigger picture.

Sounds hilarious when those BTC hodlers start bragging about BTC reaching new highs.
They didn't wake up yet from their dream to notice that there is no one to cash out with their BTC at such high prices if they wanna exchange it for money at price they wish!
Depending on the country they live in, by the time they maybe find someone or will need many if they have big quantity, price would have crashed to levels non desirable for them to sell at anymore!

There is something in life called conviction. Making 100 200 500% of your initial investment is more than enough to cash out your money, then wait search for better opportunity than hanging on hopes and dreams with a cryptocurrency that have no history and its price can fluctuate and fall hugely in no time!

ChiForex thanx for starting this thread. I don't want to hijack what you started here so I'm gonna create my own Bitcoin thread. Cheers!

Bears seem basing price below 47000 to drive the pair lower on 4 hour toward daily support, currently ranging btw 42000-37000

Will anyways wait for weekly/monthly close/open to decide the next move.

BTC looking to slide down in March, starting to have resistance around 46000, a break is to around 49700, and around 54700 should hold the pair from advancing.
On downside that's favourable, support starts around 40000 and around 37800 is critical level and might prove to be a turning point if price bases below toward 34000 and 29500 should hold the pair from further falling.

An unexpected further weakness will dive the pair to around 23000 that would hold the pair from falling in March and provide a good bounce gradually to the upper said levels.

Set your entries, TP/SL according to the said levels

If this pair violates my said analysis above and price keeps recording new highs, then it would no longer be about technical trading ruling the pair but only random movement controlled by more hodlers blindly buying at any level. In such case, I'll quit trading this pair and delete this thread. Lets see..

A view for today?

Sold 49700 with the said support targets stated before for TPs while SL at a base above 55000 with an option in hand to add another sell at the said 54700 for a retrace back to around 50000 initially.

I don't post daily in general.
My monthly March statement in a post above..mentions the entries/exits you can use.

Sold at 49700 and target is?

Last move was from 43000 to 50300. I think will se a retracement to 50% fib to 46.600.