It's not a rocket science, Bitcoin drops -85% every bear market followed by huge bullrun. So we should expect 82% - 85% drop from last ATH and based on our previous analysis bitcoin must retest 10k-12k . High chances of bottom in Aug - Sept(the usual booth month) because of the MTGOX repayment of 150k bitcoins which would cause massive selloff of BTC. I hope...
It's not a rocket science, Bitcoin drops -85% every bear market followed by huge bullrun. So we should expect 82% - 85% drop from last ATH and based on our previous analysis bitcoin must retest 10k-12k . High chances of bottom in Aug - Sept(the usual booth month) because of the MTGOX repayment of 150k bitcoins which would cause massive selloff of BTC. I hope...
BTC has been in a bear market for a while now, My personal opinion that is BTC did not reach its bottom yet at 17,800 areas. for now we may see the price squeeze for a bit then its going to retest 17,800 "break" it down. the bottom of BTC is going to be around the red area between 13,800-12,200. How ever with everything that happening around the world now we have...
btc usdt diagonal line analysis showing 14-15k as a bottom
This is a very detailed analysis by Dia, I won't post till Q4 2022. - I see believe in 4 year cycles, average bull cycle is 800 days, and average bear market is 400 days, the other 200 I called ''neutral'' days where market switches between them. - Macro economics are very bearish , including stocks, more downside is definitely expected to keep inflation under...
This shows the time frame of how long it took BTC to reach the bottom in both bear markets, right now BTC has reached the same amount of bars as the first bear market and at the same time it has reached the same orange line where both bear markets has reached the bottom.
Bitcoin is looking prepped and ready for a relief rally after the 0.75bps rate hike last week. I expect a test of 200ema on the weekly, which coincides with 50ema (green) on the daily. This is where both sides of the market need the price to go in order to have a good idea of what to side to play next. Bears will be looking for rejections at these levels, and...
Since our last post, the BTCUSD market went through a corrective phase that brought the price to the mid20k level, the lowest price since the onset of the price discovery phase when the prior ATH was left behind with a bang. It is an exceptionally well-behaved market despite the turmoil that many other DeFi projects incl. stable coins have been going through. It...
Bitcoin returned to the previous cycle bottom anchored VWAP...
Building on my previous $BTC logarithmic regression chart, there has now been an almost perfect bounce off of the yellow, dotted, inversion-curve line. This coincides with daily, weekly and monthly RSI's being at extremely oversold levels with the 4hr RSI moving down into oversold territory. Personally, all my limit orders were hit perfectly so it seems I may have...
Building on my previous $BTC logarithmic regression chart, there has now been an almost perfect bounce off of the yellow, dotted, inversion-curve line. This coincides with daily, weekly and monthly RSI's being at extremely oversold levels with the 4hr RSI moving down into oversold territory. Personally, all my limit orders were hit perfectly so it seems I may have...
Bearish and bullish case scenarios are written on the chart.
I'm watching a weekly timefarme. Based on history data every time BTC bottoms at 1.68 Fib level and at the same time when weekly and monthly RSI hits historical low level at 26-28 and 42-44. BTW my bottom signal based on other analysis flashed yesterday, so I think BTC has already bottomed but there is 30% probability that it can dump to 12-14K in coming days or weeks.
Hi Traders, Investors & Gamblers 😃 I hope everyone is doing great this wednesday morning! A quick update after the expected loss of the previous support level for Bitcoin, once again I want to point out a very logical next support level and potential bottom scenario for Bitcoin . The 200 week SMA the most logical target for Bitcoin on a weekly closing...
Welcome Traders, Investors & Gamblers 😃 Daily Charts: Support & Resistance Levels On a quick glance at this chart we would think that there isn't too much support in the area that Bitcoin is currently hangingon to, but down below I will go through all the indicators that lead me to call these current lows for Bitcoin in the beginning of the year already. ...
Welcome Traders, Investors & Gamblers 😃 The 200 week SMA the most logical target for Bitcoin on a weekly closing basis all along. I've been talking about it here on @TradingView since at least February. Now we have perfect alignement with this falling wedge and the 200 week SMA. Im looking for a wick down to about 20k or even aslow as 17-18k (see 78.6...
Good Evening Traders, Investors & Gamblers 😃 The Idea is pretty simple, it took Bitcoin roughly 1000 days on average to get to a new All Time High after the previous one. That would take us to Summer (July/August) 2024 and roughly in line with the next Bitcoin halving! I would like to add that this is only for educational purpose and in no way a guarantee...
bottom of btc green or purple line? You decide and let me know. Considering we had a Covid pandemic (black swan event) when it touched the purple line... I'd assume the green line is a more probably bottom which is now?? Unless we get some crazy news for a wick down in the next 2 months, we are looking at a terrific buy at anything under 30k. Otherwise if you...