Bitcoin chart analysis 5.4.24?

This is roughly what my chart analysis looks like today on the lower timeframe (30 minutes). I'm still waiting for confirmation, but my current view is that the price will rise to 68,150 or 69,270. However, I will only open my position after the price has successfully bounced off the yellow resistance. What are your current expectations?

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Funship
1 year ago

I expect volatility to continue until a stable level is reached, from which breakouts in either direction are always possible. Until the 40-day redundancy is reached, I would stay away from moving averages. When the Fibonacci tracing crosses the peak flow, unexpected changes may occur. But they don't have to, as a stabilizing gap could also open at any time. Make haste slowly and howl with the wolves. Furthermore, I believe Carthage must be destroyed.

TheOrangePill
1 year ago

My expectations:

  • 1 new block every 10 minutes
  • Never more than 21 million.
  • A halving every 210,000 blocks
  • Central banks can kiss my ass
  • Anyone who trades Bitcoin or buys it just to get more money has no understanding of Bitcoin.

https://www.youtube.com/watch?v=fWWjEecQkrA

TheOrangePill
1 year ago
Reply to  Hakuji

Nochmal bei Bitcoin geht es nicht darum am Ende mehr Euro zu haben….

TheOrangePill
1 year ago
Reply to  Hakuji

Betrifft self hosted Wallets aber nicht nur die Börsen und Custodials…

TheOrangePill
1 year ago

Yes, but this refers to service providers like exchanges or custodial wallets where you don't hold the keys yourself. Self-hosted wallets aren't included, and they can't be banned, nor can peer-to-peer trading. P2P exchanges have also long existed, and they can't be banned or regulated.