Bitcoin 4hr analysis 1-3-2021

(The red and green arrows are the Aurox Indicator and they recommend a buy or a sell. Red indicates where you should sell and green indicates a buy zone. Pretty simple indicator but rather effective if I do say so myself.)




Good morning again ladies and gentlemen and welcome to the bull show. Bitcoin is still climbing full steam ahead and shows no sign of relenting. Many speak of opening shorts but with the recent climbs we have witnessed its just not easy to bet against the bulls right now. There is a lot going on with the charts this morning and we have much to discuss so grab a coffee and lets get this show on the road. 




I see that we had a bearish doji last 4hr candle. It happened right after breaking 34750. So we were quite close to 35k. This could be a psychological resistance but we seemingly glided effortlessly through 30k that 35k could be a speed bump for all I know. We literally have hardly any data at these levels and fomo is certainly playing a factor in this pump. But perhaps there is another reason for it...




Stimulus money is being thrown about and people may be dumping that into an already saturated market in hopes of catching the pump. I am guessing there are likely quite a few people that decided buying BTC with their stimulus would make sense. Especially considering the fact that if you invested the original 1200 they handed out in May you would be up nearly 6X. I believe when the first stimulus was handed out BTC was around 6k and now its near 6x to that. So 1200 would be around 7k. Give or take of course. But perhaps the stimulus is what is extending this pump? 




With all this upward momentum on everyones mind I am looking ahead to Monday. There will likely be another giant gap just like last week. These gaps are sure adding up. There is no guarantee they get filled. We have been regularly leaving gaps behind for weeks now. But this could come into play later on. Most gaps tend to fill so I keep an eye on them. This is an extraordinary time though so the gaps mechanics are being ignored mainly due to this incredible pump we have been witnessing. The bears just havent been able to stop it. 




I am still long with a good stop loss set. No need to ignore logic even in a bull run. The bears could strike any minute. I wouldnt short anything at the moment but I would recommend trading with a stop loss. Just in case. I cant tell you when the bulls will relent. Maybe never lol. Maybe tomorrow? Time will tell. Things are a bit crazy outside the Bitcoin market with politics and other factors. Even some alts are suffering from SEC or whatever and people might be exiting their positions in that alt and enter into BTC. Especially the way Bitcoin has been going it would be hard to blame them. But people are asking me daily why this pump wont stop. They just want answers. It was the perfect storm this pump. We had a huge dip in March fueling the start of this bull run, we had the halving in May, Stimulus money in May, broke 2.5 year trend line in July, we broke 20k in Deccember. That is just part of it. Inflation of the USD played a factor as well IMO but that is harder for me to prove. People dont always agree with me but thats just how I look at it. Just enjoy the pump folks. I have a feeling we will see a correction soon enough but in the mean time enjoy this. We deserve every bit of this pump. Have a great day folks and always remember WTFDIK??




TLDR: Cmon 35K! 




https://aurox.app/bt9 




This is a link to the Aurox Telegram that I help moderate. If you want to learn more about TA or just want to learn more about Aurox itself stop on by. I try to participate as much as I can.






Buy Bitcoin and Earn Up to 6.5% Annual Interest from Crypto.com App
Crypto.com Earn allow you to deposit Bitcoin and other crypto to earn interest, this is how it works : https://bit.ly/36HFnmd
Download Crypto.com App and Earn Interest now :
> iOS : https://apple.co/3d6ZjA6
> Android : https://bit.ly/36H7Mc4
Crypto.com App: https://crypto.com/en/wallet.html


Trade Bitcoin and Earn Taker Fee
Crypto.com is now doing a stake-to-take program where you can earn up to 100.1% of taker fee that you paid
Register on Crypto.com Exchange and earn from trading Bitcoin : https://bit.ly/35TlzMv
Want more ? Here are additional incentives for new exchange users
- 2% bonus paid in CRO for any crypto deposits (on-chain)
- Stake CRO for 180 days and earn 20% p.a. daily, paid in CRO
- Buy crypto with up to 50% Off from Crypto.com Syndicate if stake at least 5000 CRO
*All above benefits would have conditions applied, please refer to crypto.com exchange support document : https://bit.ly/3iC3LJ0
** Crypto.com exchange is not yet open for US residents
COMMENT

9

Ogunleye Oluwafemi olawale
03 Jan

Both indicators shows when to buy and when to sell because both indicators work for both increase and increased in bitcoin. So it involves proper stiff monitoring for you to o make profitable returns.

3

Eniola Kehinde Faruq
03 Jan

Thanks for the overview

3

Glory Otams
03 Jan

But like seriously am yet to understand it. Am still trying a way to figure it out. But with this teaching I hope I will put more effort to study it.

2

Muhammad Bilal
04 Jan

Hello sir 

How are you?

How I lear about Bitcoin how it works?

Please guide me in this 

would make sense. Especially considering the fact that if you invested the original 1200 they handed out in May you would be up nearly 6X. I believe when the first stimulus was handed out BTC was around 6k and now its near 6x to that. So 1200 would be around 7k. Give or take of course. But perhaps the stimulus is what is extending this pump? 

With all this upward momentum on everyones mind I am looking ahead to Monday. There will likely be another giant gap just like last week. These gaps are sure adding up. There is no guarantee they get filled. We have been regularly leaving gaps behind for weeks now. But this could come into play later on. Most gaps tend to fill so I keep an eye on them. This is an extraordinary time though so the gaps mechanics are being ignored mainly due to this incredible pump we have been witnessing. The bears just havent been able to stop it.

20

preview not available Betty Ozemoje
04 Jan

Indeed one never know. The bears could set in anytime. Always good to trade with caution 

COMMUNITY DETAILS

Bitcoin

45066

Subscriber

1

Online

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.

RELATED COMMUNITIES

Bitcoin Cash

29133 subscribers

Litecoin

28143 subscribers

Cryptocurrency Mining

27420 subscribers

Trading & TA

24761 subscribers

Zcash

19637 subscribers

Uptrennd Optimization

16595 subscribers

© 2021 UpTrennd.com