Bitcoin, the pioneering cryptocurrency, continues to redefine the landscape of finance in the digital age. Since its inception in 2009, Bitcoin has sparked a global phenomenon, challenging traditional banking systems and offering a decentralized alternative to fiat currencies. At its core, Bitcoin operates on a peer-to-peer network, utilizing blockchain...
Bitcoin went to the Moon with Dec '17 top. Then it corrected 88.6% on the Fibonacci Retracement with Dec '18 bottom. After that it went to Mars and hit the tops again in Nov '21. It was a 2000% gain. What can you tell from this? Percentage-wise, Correction is lower than the gain. So, the Dominant Trend for BTCUSD is UP! OK, back to Earth. Let's gather fuel and...
If A, then B (if A is true, then B must be true) A implies B, B implies C
Sometimes I add a bit to what I have thought. Technical Section: Wave 5 has two different relationships: 1- If wave 3 is less than 161.8% of wave 1 -----> the 5th Wave overextends itself. 2- If Wave 3 is greater than 161.8% of wave 1 -----> Wave 5 = 100% , 161.8% or 262% of wave 1 As shown on this chart, wave 3 is less than 161.8% of wave 1, as a result,...
As 25k has held, we can be more optimistic to see a pretty good uptrend from now on. Good luck everybody and I will miss you all for a while. October 2023
I have came to conclusion that 16k was the turning point of the market. The trend would be up until around April I suppose.
BTC - INVERSE H&S PATTERN (FEB 2024) BTC appears to be developing an inverse head and shoulders pattern. In the event of a breakout, which is likely, BTC has the potential to experience an upward movement.
BTC - POSSIBLE PATTERN (FEB 2024) This represents a potential pattern scenario that I believe can develop for BTC, with the possibility of reaching its peak (indicated by the red dot) towards the end of 2025.
Those who are entering the crypto market, you may have no idea how lucky you are. And those who will enter in 2025, you also have no idea what the real pain is.
Many of us experienced the bloody bear market. It was more than a year we went almost down deeply. The feeling is undescribable. The mixture of feeling of extreme dissapointment, fear, anger (you name it) but if you are still in the market (even with losing a big amount of money) and didnt give up then congrats. Because I believe the bear market has been finished....
It has always been difficult to nail the bottom but we still have time to buy near the bottom. The best gifts in the world are behind the fear door.
I posted something similar to this one in 2021 illustrating the movement of BTC with some photos of TITANIC (that post has been deleted due to unknown reasons). At that post, I indicated that the bottom would be in 2023. Anyway, now its time. 2023 has come, so jump in.
As a result, you have to be ahead of the game and you need to know this before you play! Reuters 6 Jan 2024 : What happens if bitcoin ETF is approved? Technical Section: Bulls are lurking in the market (this is a Bullish scenario for Bitcoin)! Wave-three is related to Wave-one by one of the following: Wave 3 = either 1.62 x (length of Wave 1) or 2.62...
SEC says spot bitcoin ETF filings not clear and comprehensive. Interpretation: According to my understanding, the news tends to lag the market but this doesn't really change anything (something else forms the patterns)! We'll see
Our mid term BTC targets. Take your risk, make some profit.
Chance favors the prepared mind (Louis Pasteur). Are You Ready? Technical section: Correct Counting:
" The bear market is officially over " Technical Section:
🔹Bitcoin's number of 500-day journeys has been four since the data was posted on the chart. Although the information about the first journey is incomplete, I tried to complete the candles of the first journey by using valid charts. 🔸In general, Bitcoin's 500-day journeys start when Bitcoin has experienced a new All Time High(ATH) before Halving and then started...