Bitcoin has been consolidating around the 20 moving average leading up to it's halving. Yesterday, there was a minor shakeout from a high of 71,266 to a low of 65,110. I would expect the probability is for Bitcoin to continue to consolidate around it's 20 moving average. With a likely possibility of a breakout peaking during it's halving scheduled on 4/19/24 at 15:27 UTC. My speculation is because of this once in 4 years catalyst, Bitcoin will go parabolic before it's halving and then reverse with a selloff afterwards. I'm posting this as a short term long.
TTCATR levels:
ATR5 = 82,437
ATR3 = 77,045
VWMA20 = 68,958
-ATR3 = 60,871
-ATR5 = 55,479
piRSI lines:
fast stoch = white
mid stoch = blue
slow stoch = purple
Total = orange
MFI = blue
Average = red / green gradient
Accumulation/Distribution = brown
TTCATR levels:
ATR5 = 82,437
ATR3 = 77,045
VWMA20 = 68,958
-ATR3 = 60,871
-ATR5 = 55,479
piRSI lines:
fast stoch = white
mid stoch = blue
slow stoch = purple
Total = orange
MFI = blue
Average = red / green gradient
Accumulation/Distribution = brown
Comment:
Good long dca entry now
Comment:
update showing all Bitcoin ATR lines:
Comment:
Comment:
Comment:
There's still potential for another -ATR leg down
Comment:
zoom in 15 minute chart
Comment:
Comment:
Comment:
Comment:
4/19/24 update
Bitcoin halving will be completed in 2hrs:
20 April 2024, 00:07 UTC
I would exit all long positions at 65k beforehand
A drop to 52k is possible within a week
Goodluck
Bitcoin halving will be completed in 2hrs:
20 April 2024, 00:07 UTC
I would exit all long positions at 65k beforehand
A drop to 52k is possible within a week
Goodluck
Comment:
Bitcoin halving is completed.
Comment:
Bitcoin monthly chart. April 2024 candlestick prints in 10 hours. Obviously, It's not bullish.
Trading indicators:
www.tradingview.com/u/Options360/
www.tradingview.com/u/Options360/