The cryptocurrency analyst behind the handle X @rektcapital has evaluated the Bitcoin price trend and predicts that BTC could return to the $45,000 level before the fourth halving event, expected to occur in April 2024. The analyst notes repetitive trends in the past three cycles and anticipates a pullback to the $42,000 level after BTC reaches $45,000. The...
BTC created a move to the upside. Now it's just in a simple uptrend and until it breaks, I have no intention to predict the tops - leaving it to everyone else.
Thanks for your time, trade well!
THE SIGNS FOR BITCOIN CORRECTIONS:
- RSI Weekly Overbought: DONE
- Reaching GOLDEN RATIO Zone: DONE
- Wykoff Distribution: IN PROGRESS
- Creating RSI Bearish Divergence: IN PROGRESS
MY GAME PLAN:
- Soon, it's gonna be a correction of Bitcoin => Altcoins panic sells
- BTC recovers => Altcoins flying high again
NFA
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- on the back of ETF spot approval speculation, BTC has had a very impressive rally so far
- however, with weekly volatility only now expanding and weekly RSI displaying an inverse head and shoulders formation, it is very likely this move has only just begun
- personally looking for targets between 46 - 54k
- do note that until Bitcoin is trading above the 0.786...
🌍 Timeline of this week's big important events (12/4-12/10):
📌 This week's macro has US unemployment data, all major asset classes are currently adjusting their pricing for the impending end of the rate hike cycle, and cryptocurrencies continue to see inflows. With fewer crypto events of late, mainly money driven, it is more critical to keep an eye on the inflows...
December saw a rise beyond expectations, bitcoin broke through $41,000, ethereum broke through $2,200, and continued to rise almost without retracement.
The giant whale once again showed a sense of smell before the market, from last week to re-add positions in the block call, with the current uptrend, 50,000 and 2,400 are obviously not out of reach.
The main block...
Here is a strategy on when to know when smart money begins to manipulate. Pay close attention.
When on an uptrend, volume must be going in the same direction as the candles. Same goes on a downtrend. It’s also important to see the size on both volume column and candle.
If the candle is smaller and the volume column is larger then a dip comes along with it. Size...
Run till 47500
Sell off to 33k - sync with mini alt run
Recovery through 47500 & previous ATH around halving/Q4 24.
Rocky road to new ATH in 2025, target 130k-170k
I have been in the market for 8 years & have not been right once.
Don't follow this setup.
There will be loads of you who have followed me for a while. Maybe you think I've been wrong?
I know that I didn't start buying till 32k, and I DCA'd down to 21.
For the record, I have NEVER shorted Bitcoin.
On the way up I sold 28 and 32, so I am long half my BTC allocation from 23 on average. I'm happy with that. Now what? I could sell now for 60% profit...
Hi there,
Fundamentals : The struggle of Bitcoin to actually break above the 39,000 level continues despite increased capital inflow from institutional investors. There has been a surge in demand for digital assets, with positive inflows to the market for nine consecutive weeks. The anticipation of a spot Bitcoin ETF and the halving event next year contribute to...
- A basic way to understand how BTC legs up are working.
- BTC Shorts go up.
- BTC price just retrace a bit or just slide. ( kind of divergence )
- it means Shorts are growing but running on a slice of butter.
Then :
- SHORTS Rekt.
- BTC makes his next leg up.
- it looks simple but actions and big legs up or down are acting pretty fast and most of the time at...
The price of Bitcoin (BTC) is approaching the psychological level of $40,000 and could erase it before undergoing a correction. Several bullish indicators, including the Relative Strength Index (RSI), have strengthened the prospects for further price increase. The RSI, a momentum indicator, indicates increasing momentum with its position at 68, suggesting there...
Morning folks,
let's keep up with our BTC analysis. So, our Thu suggestion was correct once again - BTC has jumped, breaking 4H wedge pattern in opposite direction. Now we suggest you to think on two objects.
First is - is it really ETF topic that pushing BTC higher? So, the gold is raising also because of ETF?
Second is, despite how strong the BTC pace is,...
It has been quite a while since we are enjoying a bullish trend in crypto. now it is time to give it a rest and cool down for a few months. in upcoming months halving will take place but the real bulls will be back after a few months of halving.
Just under 42K in BTCUSD is the 50% Fib of the entire drop from record highs to the 2022 low. It is also the objective from the recent triangle breakout.
Note: this is very counter momentum - which are usually works out pretty quickly - either in profit or loss! Also - the triangle is probably part of a bull pennant in which case the upside objective is more like 49K.
The hype over BTC ETH continues to be quite strong on the crypto market. In addition to it, Fed Chair Powell's speech during the previous week only supported market expectations that the Fed is finished with further rate hikes and that rate cut could be expected within the course of 2024. Although it is interesting that Powell did not mention any sort of rate...
