In the previous cycles 2013, 2017, 2020 we saw the same major consolidating trend trend line that continues on for longer than people expect (it gets boring). The RSI (LTF) confirms this development enters a parabolic phase once the 70 RSI level is tested. (Not you should only trust these indicators on a very long time frame). Diminishing returns is not...
In this comprehensive analysis, we delve into Bitcoin's current market trajectory, highlighting a potential end to its recent uptrend. Based on the Elliott Wave Theory, we are currently observing a pivotal transition that could redefine Bitcoin's market value in the near term. Our analysis suggests that Bitcoin, currently hovering around the $42,000 - $43,000...
zones above zones below. we have just tagged my main bitcoin target at the gp pullback, 3M orderblock and value area high of the ath consolidation. i have several deep zones below and i think we may see a pullback as deep as 25k, if there is overshoot then we could tag the lower ones sub 20k again but it would require significant economical factors to get...
Here's an update of my previous ideas. Reminder of bullish factors: - bullish pattern - golden cross - bullish divergences - end of the big falling wedge (throwback completed) - historical technical supports (Price, MACD , Disparity Index , RSI ) - blue pill (Hash Ribbons indicator) - bottom found (Puell Multiple indicator) - reversal signal (Network Value to...
The upward structure of the price, begun in January, accelerated sharply this week due to a validation of spot Bitcoin ETFs probably at the beginning of 2024. A throwback to the major pivot zone of 31K is expected before continuing the rise.
Today marks a critical point for Bitcoin, as the ETF is set to announce their decision on the Bitcoin ETF. There's a strong likelihood that the ETF will be rejected, a decision that could trigger a substantial market reaction. We're potentially looking at a significant price dump, where Bitcoin could plummet to the $3,000 to $1,000 range, and it might even go...
btcusd is ready for rapidly move up just wait for the confirmation minimum target is 36k
Last year I announced the bottom of the cycle, this year I give you the next ATH and the next bottom.
This is part 2. I am sharing the full numbers with you. Part 1 was the 333% 10X Long from 23-Nov-2022 (See here) . ====== LONG XBTUSD Leverage: 10X Buy-in: $21,000 - $22,222 Targets: 1) $25,150 2) $28,500 3) $31,000 4) $34,800 5) $35,000 6) $37,500 Stop-loss: Close daily below $20,500 Liq. price: $20,174 Potential profits: 730% Capital allocation:...
Bitcoin is retesting local supply zone and printed a death cross + an evening star, looks ready for a retracement down on Low Time-Frame. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (35.0X) Amount: 5.0% Current Price: 43593.7 Entry Targets: 1) 43789.6 Take-Profit Targets: 1) 42287.0 Stop Targets: 1)...
- golden cross - increasing volumes - bullish divergences - end of the big falling wedge (throwback completed) - historical technical supports (Price, MACD , Disparity Index , RSI ) - blue pill (Hash Ribbons indicator, not in this chart) - bottom found (Puell Multiple indicator, not in this chart) - reversal signal (Network Value to Transactions ratio, not in this chart)
In my opinion, if the price fails to sustain a breakout above $48189 while maintaining support at $44100, the 2020 lows between $10,500 and $3782 may get a visit. This trade is not financial advice. I am not a financial advisor of any kind. Please do your own analysis, responsibly manage your risk, and stay safe. I am just a stupid degenerate gambler who is...
COINBASE:BTCUSD chart mapping/analysis for last week of November. TBC further details/write-up via ideas section.
Bitcoin is facing historical supply zone and seems likely to get rejected on it, especially with that overbought RSI. Probably wise to hedge short towards 100EMA support for the months to come. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: ByBit USDT, Binance Futures Signal Type: Regular (Short) Leverage: Isolated (4.0X) Amount: 4.9% Current Price: 33884.4 Entry Zone: 34464.6...
bitcoin up only forever, unless the lower trendline breaks convincingly
capitulation day, could we be seeng $17k bitcoin? the longest of long term trendlines must hold at the 100 monthly moving average. my worry is even if this bounces here we have broken a mid term trendline signifying that this could be a dcb (profitable dcb) - is bitcoin dying?
trade pressure is coming back to neutral from a positive move, this coincides with landing into a support zone it felt weird how bitcoin did not take last years liquidity just above 32k as it currently forms a bull flag/wedge into the support zone we could see some relief and a move up soon the question is whether it is a corrective B wave, or the start of a final...
COINBASE:BTCUSD chart mapping/analysis. Bitcoin continuing to march higher & higher after bouncing back in Nov-Dec 2022 off lower range of ascending parallel channel (light blue).