Disclaimer: I am in the process of learning technical analysis and please feel free to point out flaws that I have with my chart. This is based on my personal observation and is not financial advice. Thank you so much for reading this. I would like to give a credit to my mentor @imnotgoodatall for suggesting everyone look at this pattern in one of his recent...
Bitcoin broke out and reached the next Feb. line as we expected, congrats to all of you who took the long position with me, now we need to pass the 0.5 Feb. dropping level and stay above it to confirm that the drop is over.
Chart says it all. Whaddya think? Comment , Like, and share! :)
same old same old... someone said Deja vu ? same pattern same result (expects)
Currently, Bitcoin has had some weak bull volume with multiple attempts to break out of the upper 40s and 50s. Most, if not all, attempts have met heavy resistance as bears have consistently held those levels. Despite the fundamentals of bitcoin and cryptocurrency being overall positive the news from China tightening their grip on anything related to...
As you can see Bitcoin generated more than 12 000% in both previous cycles after halving. We can observe similarities in the actual pattern and the previous ciyles' pattern. If bitcoin follows the trend and repeats the movement made in the previous cicles, the price should be at least $225 000 by the end of June 2022. In the best case scenario the price could rise...
Hello dear followers, I wanted to share with you my latest analysis. BTC has been trading in an ascending wedge for the last eight years, forming the secular trend. Also, as you can appreciate, I have labelled the macro Elliott wave analysis of the five waves. The red arrows represent the peaks and the end of the impulsive waves, and the green arrow represents the...
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
we're in the accumulation cylinder with a widening mount stage. IMHO we are going to see a sharp increase in the price.
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It looks like BTCUSD may fall up to $37,361 or below this weekend, The volatility in Crypto is not that great which normally being observed during the weekend after the close of stocks and forex markets this Indicates it's consolidating and gathering a huge sell volume. If this happens over the weekend the Scenario of $24k is very much possible in the coming weeks...
Bitcoin dropped briefly below $40,000 for the first time since August. I will looking for buys after bullish confirmation - for me it will be 5-wave + 3-wave structure which will show impulsive bullish formation. This combo will allow us to buy in safe zone with fine stop loss leverage. Yesterday I've took few risky short-term trades DOGE and AVAX which gave...
Prediciton for BTC on the 4HR timeframe. Think it could be down to 42k-40k then we will see what happens from there.
It is Q4. Q4 momentum is the year end momentum. After Bitcoin did the 2nd ATL, we all already know that this Q4 and next year will not the the favour for Bitcoin. We still losing momentum from the China mining market although Europe and US country has already toped up their hashrate to cover the temporary process decline. But it is not enough. We all know that...
Hello everyone, I have already explained yesterday my thoughts about the short term direction. However, today I wanted to zoom out and show you what the medium-term picture has prepared for us. In this chart, you can appreciate that BTC has formed a great Cup and Handle pattern. I had forecast this about a month ago, and we are finishing the handle. Cup n Handle...
Bitcoin is completed or has completed its final correction wave. Volume profile shows $36,000 - $40,000 as a strong support cluster as much demand was filled at these levels before. On-chain data shows signs of accumulation as exchange reserves are at all time lows. Expecting to see a bounce from here. If leverage & greed continues to increase, expect nasty...
Descending Triangle breakout prediction leading into the next few months.
HnS playing beautifully, as expected. The 39k mark has been touched. It was the target from a month ago, so nothing unexpected. BTC is going to retest the broken support turned resistance, the neckline to then possibly do one last dip, touching maybe the 38k. I entered in the wick at 40k, and I plan to load on any of the next dips. Volume and candles are screaming...