taking another look at the charts, and it's clear as day that we've completed 5 waves up. i'm counting these 5 waves up as a wave (1) wave 2 target sits somewhere in the 40k region. 0.618 sits at 40k. Max pain on December 31st sits at 46k for cme futures. ----- i think we'll see price move down into my green box for another phase of wyckoff...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin may have found support near Fib 0.5 level -We can see the price reacted to this region and a bounce is happening -If we plot a descending channel, the price could test the resistance at 60k dollars -And if a bullish breakout of this channel, we could expect much higher price targets -If we see a good move above,...
i did a little video update this morning talking about two potential scenarios, continuing to observe price action, and it looks like btc is poised for a breakout or a break down. which one is it going to be? breakout would take us to about 60k break down would be at about 53k
good evening, i think btc has begun a mean retracement after the completion of a 5 wave move. during this time, i dont expect any parabolic moves for btc, just a slow grind up before further downside. alts can perform very well during this time, but be careful with them. i do think we've entered into a larger bearish phase just based of everything that i've...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin may have reacted bullishly just above the Fib 0.5 level -This zone is a confluence of mini S/R flip last October 13 trading -I have plotted a potential descending channel coming from the swing top -If BTC forms any bullish reversal pattern within this bullish Fib area -In the coming days or weeks, we can expect...
good morning ~ I have a feeling btc isn't quite done correcting yet. The overnight spike in shorts, and the multiple touches of our local support, I'm not sure that it can hold much longer. We'll either have to start moving up right now, or we see another leg down. potential targets = 100% extension = 54,155 123.60% extension = 52,853 trade safe!
morning, looking at btc miners, and the current wave setup + taking into account the cme futures max pain on december 31st which sits at 46k, i'm going to conclude my theory of this expanded flat scenario into the primary wave 4 going down to the low 30k's into jan \ february to fill the cme gap before we see any new highs on btc. i'm bearish until we get there,...
When will the top come, 2021 or 2022? This is a copy of the previous chart called "Is the Bitcoin top in?" I have added the HTF LOG CURVES OSCILLATOR to it as another confirmation of top is still yet to be found. I do think we are in for a ride the next couple months. Give me your thoughts bellow!!
So here we have what is essentially a naked chart of the BLX on the weekly with only the BEAM BANDS & STEVES HEATWORM for indicators. I'm not sure if the Bitcoin will hit the top of the beam bands but I don't think the top is in. I will add the longer the bull run lasts, the better the chance for the top of the beam bands to be hit. If you notice a sell...
Same model but in the daily, I've developed this model using indicators, technical analysis and bitcoin 4 year cycle theory
💎Technical Analysis Summary💎 BTC/USD -Bitcoin failed to hold the immediate support area at 63k dollars -After a sharp drop down to 58k dollar, the next potential support range -This fast move by Bitcoin suffered most of Altcoins and I got stopped of my trade -The market is not good recently so I didn't put heavy on this position -BTC is technically bearish in...
- A lot of people think that the end of the cycle will be in December 2021. - In my opinion, its not true. - As per my parallel channel on the monthly scale, we can hit 400 000 USD (in April or later 2022). - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ ...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin is rejected near the 70k dollar psychological level -An ugly -9% move hitting my swing trades stop-loss location -Most altcoins are affected with this move recently invalidating some bullish structures of altcoins -But looking at price structure, BTC reacted at previous local resistance at 63k dollars -This level...
Hello. Another analysis of Bitcoin follows, this time using geometric graphical patterns and three blockchain indicators. Price analysis Over the longer term, we can see that we are below a bullish yellow channel. This has been happening since December/2018. Since then, the price has tried to break through 2 times. If we continue with the current trend (which...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin respected the EMA 23 and Fib 0.236 from my last update -A strong entry by the bulls and the price is back above 66k dollars -If BTC breaks into new ATH, the Fib extension are the potential targets -But if a failure to break 67k dollars, a test of 63k dollar support is likely -The price action is bullish again and...
On July 27th I posed the chart below and it has happened. And we will get more. Fun times ahead! Peace, Love, & Crypto, B166ER
💎Technical Analysis Summary💎 BTC/USD -Not much update today, Bitcoin is retesting its local support around 60k dollars -As long as the bulls can maintain above this region with the confluence of Fib 0.236 and EMA23 -The chances to form a bullish pattern is still in play in the coming days -Regarding the Altcoin space, I have opened new positions since my...