My Argument: 1. wave 4 is over 2. Hit the support i try to make fibonacci overlay to get safety area target
BTC has finally broken out the descending wedge. I told you this was the bottom. I know I previously called 55500 as bottom, and I still think it was if the COVID fud wouldn't have hit the news. Nevertheless, catching the bottom with a 2- 3% margin error is still minuscular considering the possible move ahead. Now going for degrees... Stop loss is below 53K, even...
Here is a simple chart. These are the leverage and non-leverage short positions on Bitfinex. On-chain analysis suggest that the leverage position is at an ATH, however, there is no way to know whether are long positions or short position. considering - fear and greed index extreme fear (21-30) in the market - whales accumulated 2.36 billion in the last 2 weeks -...
Sometime between 9th and 22th of December 2021 we will break this descending wedge to the upside. It will trigger the biggest disbelief rally since October 2020. Sometime between 15th of April and 27th of May 2022 we will get the Bitcoin cycle top. I would say April 30th. Next best time to buy Bitcoin February 2023 at 50k, next Bull market cycle start would be...
Hello everybody, If you haven't watched it yet, I suggest you watch the stream I have released 4 h ago on BTC and the market condition. This is a quick recap. Since my video yesterday explaining why I thought this was the bottom, BTC had a great reaction to the 5-month uptrend support. I know some of you may be salty because I was calling the bottom between 55500...
My last analysis on Bitcoin was the chart on the left, where I talked about the important of the Underlying Pivot line. As you see, despite the rise during the weekend, the price got rejected today exactly on the Underlying Pivot, displaying once more why it is critical to the trend. Today however I want to bring forward the critical role that the MACD is playing...
Even though there is pullback but bitcoin not yet safe to take position cause bitcoin still trying to retest EMA 50 TF1D and EMA 300 TF4H. Wait until break out it will be good sign. The decision is yours.
I am thinking of a possible scenario that could play out with Bitcoin and in my eyes it's the most likely scenario. I have been in this postilion plenty of times before when Bitcoin creates a nice support structure with two reaction points (yellow dotted line) and everyone is now waiting for price to come back down to the support line so they can place there...
Hello everyone, I hope you had a relaxing weekend and you haven't panicked too much on the last flash crush. Here are my thoughts on Bitcoin and what will happen next. I tried to keep the TA as straightforward as possible. I will release a more in-depth TA soon. FOLLOW ME, SHARE, LIKE AND COMMENT
Why BTC $53722 LEVEL is important to HOLD????? IN-DEPTH ANALYSIS It’s a LONG term FIB 0.236 level. It’s a SHORT term FIB 0.382 level. It’s a FAST DPC EMA level. What if $53722 LEVEL gets BROKEN????? Next MAJOR level to watch = $44148 It’s a LONG term FIB 0.382 level. It’s a SHORT term GOLDEN FIB level. It’s a SLOW DPC EMA level. NOTE : a lot of LIQUIDATIONS...
This will probably be one of the most simple charts I released. I know you are panicking, and I felt it a bit as well this morning. The technical picture was great yesterday. Unfortunately, the new variant Covid news has created the catalyst for bears to take advantage and squeeze the longs. Also, algos using AI have liquidated their position based on news dumping...
The scene is familiar. Bitcoin drops and there is panic in the crypto market. This time the catalyst being used is the new COVID variant which is feared to be spreading across Europe. This shouldn't divert you from your goal and make you lose sight of the bigger picture, which is an uptrend since July's lows. Before I start, I want to point out that today's study...
I told you it was the bottom. The descending channel has now been violated with a target of 64k. Also, IHnS on the hourly has been confirmed with 60 as a target. There is still a small possibility of a slippage down to 56 after the channel breakout. If that's the case, it is a blessing that I won't miss out. Not much to say here. We are likely finally out of the...
Since the triangle "real-breakout", we have made about half the measured move, only to retrace to previous resistance (R1). If we can hold R1 this week, there is a strong potential to complete the measured move at $78K. However, according to the Squeeze Momentum indicator, there is a bearish thrust that could last a few months. As this is a weekly...
This is Bitcoin on the 1W time-frame. I am using this long-term chart today because I found a unique formation occurrence that I want to share with you. As you see BTC is currently pulling back within a Channel Up that started after the July 2021 market bottom. The 1W MA50 (blue trend-line) is currently in support around $46500. The exact same Channel Up was last...
Hello Everyone. I find it funny how people are concerned with timelines, "they said it was hitting 98k by the end of November", "they said it was going to be 130k by December", and so on. However, if they had studied the past price actions of BTC around the last two tops in 2013 and 2017, they would have realised that in 2013 it took 11 days to reach the top from...
Are you ready? This is a breakdown of all the subsequent waves I believe BTC will print. It is messy because I have recorded 3 different 5 waves cycles. This was only a forecasting exercise. Constantly improve your skills by using your knowledge.
This is the Stochastic RSI and RSI readings at present in different timeframes (labelled). Focus on these indicators... Are you buying or selling? Explain in the comments if you like.