BTC / USDT The last 4 months in crypto was very boring and very tough for altcoins market “classic crypto summer” What can expect next ? 1- Bounce from 61-63k areas to resistance zone of descending channel (already touched 63k) 2- Another massive sell off to early 50k In the first scenario …BTC is still copying the gold pattern before major breakout …Check...
Bitcoin reached the Resistance zone($68,000-$66,170) again. Will Bitcoin succeed in breaking this zone or not❗️❓ According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 5 ; the structure of the main wave 5 can be Expanding Ending Diagonal . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect...
Consider the journey of Bitcoin: from its humble beginnings valued at mere pennies to surpassing $60,000 over the past fifteen years. While many foresee Bitcoin's continued ascent over the next decade and a half, what about its trajectory in the near future? Let's delve into some speculation about where Bitcoin might be headed by 2025. Despite its notorious...
Take a look at the chart above. I am keeping this fully transparent: I am not a perma bear, nor am I a perma bull or moon boi. I am just analyzing what I see. If I am right, that would mean that we have bottomed for the time being and the next phase of Bitcoin is preparing. I inverted the chart to make the TA make sense to me because the right side up was just too...
I don't think that BTC will keep going up again. Of course i can be wrong, that's why i set my stoploss just above local highs. I expect a retracement till $64.500, next i will post an updates
After reaching the $68k mark, Bitcoin headed for a correction. Within the channel there was a decline to the lower boundary The 4th wave basically always comes in the range of the 4th wave of a smaller degree The correction in the 4th wave mostly occurs within the 61.8% Fibonacci range According to the wave theory, all the necessary conditions for correction have...
Bitcoin is currently trading at transition prices. I am sharing a chart that highlights key price levels and potential scenarios for both short and long positions. I will provide daily updates on BTCUSD. Key Price Levels: Using the Fibonacci series: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, we derive the following levels: 0.5*(55+89)=72 72−55=17 0.5*17=8.5 Thus,...
Bitcoin (BTCUSDT) is showing a classic bearish head and shoulders pattern, signaling a potential trend reversal. This technical formation, considered one of the most reliable trend reversal indicators, suggests that the current bullish trend may be nearing its end. The pattern consists of three peaks, with the middle peak (the head) being the highest, flanked by...
Bullish flag in the making. If upper resistance @ 255 can be broken, then 345 will become a target. Watch the $68k level break from Bitcoin. NASDAQ:COIN shows come correlation with the CRYPTOCAP:BTC price.
Either way, I expect Bitcoin to still recover in the long term. In the short, it may seem bearish but people are failing to zoom out. Study the monthly, weekly, and daily and you will see that the top hasn't formed yet and this bull run might be the most massive so far. I know it sounds farfetched but with Wall Street money and mass adoption pre-government. This...
- This is an update to the Jul 18 post/idea - Following an enthusiastic rally, the market has finally taken a breather, dipping to the ascending support level currently at of $64000. There's even more substantial support at the $61,800 level, where we can expect more buyers to jump in if prices dip that low. Looking at the bigger picture, the bullflag pattern...
If you have read my previous chart idea, I am sure you were ready for this. Now, there is nothing to see in the hourly chart, we have to move towards the daily chart. Here you can see we have touched the Major Support Zone, this is a very crucial barrier for BTC. All the MAs are sitting below it one by one. MACD shows the decrease in bull power. Under this...
Today I made a video for Youtube showing how Bitcoin can get to $100K in 2024. We need to break through $74K before Labor Day to have the best chance. Then comes FWB:88K around Halloween. Once we break through FWB:88K we will have a substantial rally that takes us north of $100K pretty quickly but it shouldn't last more than $108-116K before pulling back...
Bitcoin (BTC) is on the cusp of a critical test as it approaches a trendline resistance that proved formidable in May. Concurrently, a surge in Bitcoin mining hashrate, a bullish indicator, is adding fuel to the rally. The benchmark cryptocurrency has been on a consistent upward trajectory, fueled by a combination of factors including increased institutional...
The cryptocurrency market is a volatile landscape, marked by sudden shifts in investor sentiment and regulatory uncertainty. Amidst this turbulence, XRP has emerged as a standout performer, outpacing both Bitcoin and Ethereum. This exceptional performance can be attributed to several key factors, including its unique value proposition, technological advancements,...
The final sell-off of the German government's BTC reserves has calmed down to the point of the big bad olf being gone. Mt Gox is still in the back of everyone's mind which is why the fear greed index still sits below 45 but I truly belive that we have bottomed already and BTC is preparing for a massive explosion in Q4 of this year.
#Bitcoin Dominance 1D chart; The white trendline starts from January 2015 and continues to the present day with a peak in January 2021. It managed to rise above the trendline with strong momentum. A decline will surely come, but it is too early for that. So why not now? In order for the decline to begin, the necessary infrastructures must first be formed. One...
#bitcoin #btc price must breakout this ichimoku span to be bullish otherwise declinations will cause forming bearish shoulder head pattern and i gave this pattern' s target in the chart.