My Experience Trading Bitcoin

Hey everyone, let’s take a look at this BTC daily chart because there’s some serious action happening! Bitcoin is really sticking to this solid ascending channel. We just saw a nice bounce off a major support area around $97,521.40, which lines up perfectly with the lower trendline of the channel. This shows that buyers are really interested at these price levels. Looking at the current price around $112,832, it seems like we’re in a consolidation phase before we make the next move upward. Here’s my plan: it feels like a great time to keep accumulating. If you haven’t jumped in yet, look for buying opportunities on dips within this channel. Our first profit target is the resistance level at $143,542.35, with the potential to go even higher within the channel. Just keep an eye on that support level; if it breaks down, it could change the bullish vibe, but right now, things are looking good! I strongly recommend HOLDING and stacking BTC on Binance. Drop a comment about the altcoin you’re holding, and we’ll take a look at it for you!

This is more of bitcoin speculation than it is bitcoin trading related, and i also advice that you change the topic title since anyone reading this title will think that you want to share your bitcoin trading experience instead of the speculation of the future  market and the best bitcoin entry postion Note that bitcoin market is unpredictable, while you are optimistic that bitcoin price will definitely recover and mark a good market dive that put anyone that bought at the current discounted price at profits, some speculators are currently of the predictions that bitcoin will still witnessed a further  bearish market  sentiment, so for this reason we need to constantly view the risks.

Oh. I see. I thought the link was suspicious. Next time use https://talkimg.com/ to upload the image and share it here. It's shorter than the link you provided above that looks suspicious. About the analysis, that is a long-term perspective. I have an analysis for that, but looking for the dip price below $100k might not happen this month, maybe within 3 months. For now, most traders are focused on current price action in a daily time frame. The price action is currently an uptrend. The drop recently might be just a retracement, and later it will pump again. I monitored the momentum in the NY and London sessions, and it seems there was no high volume except on recent dump under tokyo session.

I've been seeing speculation about Bitcoin reaching 150,000 since the last bitcoin ATH 2021. And since now already break 100K+, it's bringing a positive market sentiment, with market optimism and potential for this to gain momentum.But, you're right not to focus too much on optimism, as the market has its own ways, even a small bad sentiment factor can trigger a significant price change that goes against trader optimism. Stay focused on profit target or hold, no matter the situation. However, it's highly recommended to remain vigilant by setting a stop-loss. This will be safer if market reversal and deep corrections happens.

Bitcoin does not respect lines, if it did, the first line support from the beginning, the price would now be at more than 3m,... But he respects Fibonnaci.  In a matter of storing BTC on an exchange, hmmm.... Wouldn't it be better for you to have a wallet like Bitcoin Core, Electrum, Miscellium...? And then the private keys would be yours and only you can move them, if you don't lose them?

Firstly, you titled your post as your trading journey with bitcoin, which I was really keen to think of learning something new from your journey experience but instead I met speculations on bitcoin price. And then, you ended your post with "we will check it for you! ". Thought you said it's your bitcoin journey, how come the we? Edit: Well, it would be uptober next month and many bitcoin holders are optimistic about that month for bitcoin price to rise to a new ATH and it would really be an opportunity to continue stacking towards that moment. Perhaps it could be the last powerful upsurge we might be getting this year.

Lol, I had the exact same things in my mind after opening and reading the OP. I thought it's another newbie talking about their personal experience of how they came to know about Bitcoin, how they learned everything, and started trading Bitcoin and how it all went, but all I found was some speculation and technical analysis, and then at the end, he even offered me to comment about the altcoin I'm holding and "they" will check it for me.  I believe most people who are buying Bitcoin these days are barely knowledgeable enough to even understand what support and resistance are, but they just look at the market, think it's down right now, and they go ahead and buy some, and they repeat this whenever they see a dip. I know, it's important to have technical understanding and knowledge about such analysis if you are doing short-term trading on Bitcoin, but most people don't do that with Bitcoin, they only buy and hold for as long as they get some profit, and people trade altcoins for short-term gains, mostly.

Optimism about a bullish trend in the Bitcoin market that can trigger price to $150k as many positive analysts are predicting is good but we shouldn't put all hopes up. If you cannot control the market there's no need to peg any guaranteed price that you think Bitcoin can get to. You might predict that we're still in the bull run while in reality it can be a beginning of a bear run. If you're not planing to take profit anytime soon there's no need to worry about short term speculations, just buy any dip if you have the funds. If you're a trader then remember to set stop lose so you can minimize loses if it's coming.

It seems quite easy to read but actually is very difficult to follow in real life. Even professional traders might panic a bit in a bear season. Beginners will mostly make mistakes here. They will chase pumps and might expect prices to meet $150k but in reality, it is going to take a while and markets will wipe a lot of rookie accounts before reaching $150k. These new traders will go for over leverage accounts expecting the prices to bounce back very soon but will end up panic selling once they see markets turning red. Instead of just trusting speculations made by OP, new traders should focus on learning and not quick profits. The levels mentioned by OP seem genuine but for longer timeframes. New traders will not have that much patience so I don't think this analysis is of any help at least to the ones newly starting into crypto trading.

This seems to be one of your analysis. By reading your title, I thought I would see an exciting journey here but what I saw was just another prediction. But anyways, your level of $143k seems reasonable but this will not only break the ATH but will also trigger a bull run. There are surely going to be a few more dumps before we can see $143k. Prices look solid as of now as $122k level is holding as of now but I'll be scared if we crash below $120k as it will create panic situations among a lot of people and we will see blood bath. I'm personally holding still and will continue to hold no matter what happens because I'll be thinking about longer terms here. Even the $143k level mentioned by you seems very difficult to be achieved in shorter time. Even that might take months and if we are lucky, we might see that level by the end of this year.

Surely this is looking like a sure bet. Btc has all the positive vibes to get to even above $150k this year, from various btc etf trading at the US exchanges, to bitcoin strategy reserve and more. So what do you think of ISP? Do you think it has the potential to come back especially as it is not raising with some altcoins like doge etc with the increase of btc.