BTC is currently testing the All time High.
Will BTC just plough through the resistance because of the ETF's or is there any other scenario possible? There is an interesting correlation and there are also key differences between the 2017 Bull Market Cycle and the current timeframe if we analyse the weekly and monthly timeframe.
Historic Cycle 2017
OIH is on its way toward our green Target Zone (between $$321.09 and $339.97), nearing the last local high from the end of January. We expect the ETF to arrive in said Target Zone during the orange wave ii before the orange five-wave downward structure should continue, ultimately concluding below the support at $277.30 (but still above $250.69). Still, there is a...
This coin is in strong bullish trend and moving in ascending channel
market is consistently printing HH's and HL's.
The price is reacting well the support and resistance of channel.
If the market successfully sustain this bullish confluence the next leg high could go for new HH.
Using Fib Time Zones combined with Fib Channels (both starting at the beginning of this range) I'm projecting Bitcoin's top to come March 2025 in the range of $132,000 - $144,000 .
Personally, I believe this may be THE top. Time will tell, but with the advancement of AI, the Bitcoin ETF's gaining control of a considerable amount of the BTC supply and the...
This INDEX:BTCUSD Bitcoin ETF is over-speculated at this time and heading toward resistance at the M top highs of 2021. Interesting that smaller funds have been dumping recently. Best to wait for a correction if this is something you are interested in for long term.
Bitcoin is currently exhibiting a short-term bullish sentiment as it approaches the 45661 order block. The recent price action suggests a potential move upward, aligning with the prevailing market sentiment.
Resistance at 45661: The upcoming order block at 45661 is a critical level to watch. A breakout above this level could...
SPDR® Dow Jones Industrial Avrg ETF Tr (DIA, $381.37) RSI Indicator left the overbought zone on January 31, 2024
This is a signal that DIA's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. A.I.dvisor looked back and found 43 similar cases where DIA's RSI Indicator left the overbought zone,...
BTC is doing some crazy stuff. ETF price seemed to be factored into price already. As much as i wanna be bullish on BTC, Im still being cautious. This level is still being tested as resistance and we can see the consolidation under it 32k looks to be untested as support.
Feel free to coment or leave your thoughts
With less than 100 days remaining until the next halving, BTC has followed the projected trajectory. Given the buzz surrounding ETFs and the current market conditions, a pullback seems probable. The initial support rests at 36k, with the subsequent support at 32k. The initial support will probably uphold the price, so I'd suggest a 65/35 liquidity split between...
The BTC market has undergone multiple retests of the support zone, breaking and subsequently retesting it. Price rejection has occurred multiple times within the zone, indicating a bullish sentiment at present. The approval of ETFs is also a positive factor, contributing to the potential for sustained prices above the zone. If Bitcoin continues to exhibit...
Anything tied to crypto is all looking bullish. This ETF from Fidelity Is coming around very nicely. Nice curve with consolidation on support. With Bitcoin sliding its way up Im i would expect theses to follow Im looking for a target around 25 for the short term. Im not all the way sold on a bullish BTC yet but these etfs are a nice way to benefit from...
Looks like Q1 2024 is going to be a pivot point. Looking at the weekly tf, The price action curve has stayed consistent over the years. Im not a big fan of alot of indicators but we can see the bullish pressure building and bump and run pattern forming, Measured move from prior LL to Prior HH giving us a target of 700. Also 127 fib ext.
I would love...
Stop Loss: 1.09700
Wait to enter the trade! Be careful!
Don`t forget to look at the economic calendar!
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