A rather drastic drop just occurred for BTC with potential (probable) drops to continue (after possible short-term retracement). The long-term linear trend just took a rather harsh hit as the price dipped below the support around 58K and subsequently plummeted to around 51.5K USD. However, this doesn't look like the bull market is done just yet.
Whenever I see a...
Technical analysis regarding the price of ONTOLOGY in relation of dollar Tether for the next scenarios, based on weekly movement.
On a logarithmic scale, the asset reduces the representation to a scale that is easier to view and analyze. The distance between one point and another is% of the total. That is, the distance between 1 and 2 is 100%, which will be the...
Here we can see the PI cycle top flashed early much like 2013
In 2013 it was April fools day when BTC started its correction
BTC reached the Center point of logarithmic regression around July 1
This correction was only 3 months in length
I do see a similar pattern here, If this plays out like the super cycle in 2013
then my personal targets are:
As you can see, there is a pattern of tops and bottoms on BTC if we look on the logarithmic scale with fibonacci settings also on log. If this patterns continues we gonna have the next top on 200.000 area and the next bottom to 60.000 area. We have no reason to believe this pattern is broken so let’s see if and when we go there.
Log Chart of AAVE, with curved/parabola trend lines and potential paths.
The fib levels indicate points of resistance.
Current Strong Resistance: 0.236 Fib, EMA20, EMA50 - wow!
Support from EMA 100 - pretty cool to see this all line up.
Breaking through this resistance area could rocket the price up to previous highs, possibly further.
We also have the...
We have a new high above the rim and a handle in process.
We are are above the Axis of the Logarithmic Channel that describes BTC's Bull Run from Hell.
We are above the Support of the price with the most volume during this Cup formation.
The only thing is we have ATH as a resistance above.
Otherwise there is nothing stopping BTC reaching the Textbook target...
BTCUSDT Perp Futures
BTC plain to see has been going parabolic within a log channel. New high cup rims to new scallop ATHs. Temp shorting is the only recommendation and only for pros. A long heavy account is what the top traders are running and it is wise you do the same !
Ride the whales to economic freedom
Go BTC go you good thing !
Many have plotted similar log charts but I think this is the most accurate representation. I believe the middle trendline is important and we have already had the retest below so I lean towards the next large 40% pullback coming from much higher up.
My Initial price range estimates are between $200-$280K but my lowest conservative estimates are $150-$200K, just...
These are the monthly camarilla pivot points. and the white lines are btc logametric growth curves. At first glance on the pivots it looks like 80k 70k or 80k might be next. However I do want to pount out this daily channel which has been respected for some time. As well as we have a daily pivot developing tomorrow 2k+ lower and a weekly pivot developing 4k lower...
Disclaimer : I am not Your financial adviser this is not financial advice ... Never invest more than you are willing to loose ...
Quote: History does not necessarily repeat but at times it sure does like to rime
My intentions : I would like to get exposure for a pattern or perspective I have on Bitcoin and its price action in relation to its halving...
Consider taking some profits in the coming summer.. there will be bear year after this run.
Also possible altcoin fluctuation, maybe possible to make gains after bitcoin has reached its peak.
But everything will fall drastically after semester.
Sorry strange english, my native finnish brains make Ralli-finglish sentences.
Check this logarithmic monthly view for BTCUSD.
Correction middle of this channel: 300-400$
Correction middle of this channel: 6200$ (monthly EMA 50, 200, and bollinger too there)
Peak: 100.000$ ?
Correction middle of this channel: 44.000$ ?
Bottom of the channel approx...:...