BTC has 3 CME gaps that have not been filled (the 9500$ gap, 28750$ gap, 35000$ gap) .Based on gaps and also an 85% retracement from ATHs same as in 2018 i think this is how btc will more likely move in to the next year.
Btc is moving in a range for a long time and it has formed the same pattern as in july 2021 right before it climbed up for an 82% move to the upside .
Now looking from a fibonacci perspective we can see that there is a strong resistance at the 30k area , so i think btc is going to visit that region before it goes down at 9k level.
So right now i am waiting for a...
Using Fibonacci Circles the transition to a bullish state can be demonstrated as a change from 2.618 to the next outer fib circle 3.618
We can see a bottom and bounce off the uptrend channel and a continuation to a state that includes a bullflag (in green rectangle)
This is a bullish sign, the middle line of the up channel is the nearest resistance
My thoughts are that we will break this down trend, with just one good piece of good world news.
ETH will gain a lot, alts will gain more. Bitcoin will be the boss: surviving wars and energy deficits.
not financial advice
The market gives us this early signals that the price action will retrace anytime soon. I'm expecting this because we saw an massive upward move recently and in order to sustain the new trend, the price must correct and build a healthy market trend.
My bullish sentiment will be completed when the price fall down to it's gap, that gap must be filled to correct the...
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I still think we have one last push of gas in the tank to start ALTSEASON before any sell off, thinking TOTAL2 and alts pump to new ATHs and then we see a big correction back to the 1.4T range for Total2, or maybe even 1T, can't tell just yet.
Just my personal thoughts, what about you guys?
Thanks for viewing!
Blockchain game & metaverse projects pumped after Facebook's rebrand, and I think they will continue to perform well short-mid term assuming the bull run continues.
Nakamoto Games is still a diamond in the rough - had a big retrace after it's recent pump but seems to have found local support.
Looks about ready to pop again, and a bullish cross on 4HR MACD...
As you can see, a potential bullish leg for BEL/USDT with a +96% profit is coming !
Entry point between 38% and 50% fibo levels, between 2.5$ and 2.75$ ...
Targets are 4.164$ and almost 5$ ...
Do your own analysis, this is not a FA !
Bitcoin Dominance has bounced twice off of its historic ATL support level. If we see a reversal, it will lend credibility to idea of an epic Bitcoin run up many are anticipating and BTC will outperform most (especially large cap) altcoins.
happy trades,
CD
Not gonna go into detail rn, but look into C98 - it's a useful platform with a bullish chart.
We may see some more short term downside from BTC to shake out weak hands, so be careful!
happy trades,
CD
Stoch RSI crossovers have been very telling in the past for BTCD.
A bearish cross usually means alt-snz. The few times that it didn't, stoch rsi crossed back up.
Therefore, I believe that as long as STOCH RSI does NOT have a bullish cross over, alt szn will continue.
In this post, I'll be taking a technical approach to Terra Virtua Kolect .
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Analysis
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