An update on my last prediction.
I anticipate the emergence of a Wyckoff pattern in Bitcoin's price dynamics. This pattern, attributed to Richard Wyckoff, suggests distinct accumulation and distribution phases within the market. By identifying these phases, I aim to provide insights into potential buying and selling opportunities for Bitcoin traders. Stay tuned...
Bitcoin up 377.59% since November 2021
As the next halving approaches (April 19 2024), it is time for a retracement before the big pump.
It always happened in all previous pre-hanvings.
If the GETTEX:64K support is broken the next one will be in the $58k/$57 zone.
Next week will be very important for us to really see the extent of the retracement.
Bitcoin (BTC) has experienced a remarkable surge since the speculation surrounding a potential Federal Reserve interest rate cut emerged. Recently, BTC hit an all-time high, reflecting the fervor in the market. However, it's essential to note that assets witnessing substantial increases often require a pullback or correction. Analyzing the daily timeframe from...
I anticipate the emergence of a Wyckoff pattern in Bitcoin's price dynamics. This pattern, attributed to Richard Wyckoff, suggests distinct accumulation and distribution phases within the market. By identifying these phases, I aim to provide insights into potential buying and selling opportunities for Bitcoin traders. Stay tuned for updates as the pattern unfolds.
Guys, this is a crypto bull run, relax
Look at 2016 (Right chart) & look how many steep corrections there was
BUT WE STILL POWERED THRU
Have faith in the 50 MA on the 3 day chart. If that breaks then we have problems... but as of now, THIS IS NORMAL!!!
In addition, when you see the Stochastic RSI have a golden cross & go ABOVE THE 20 LEVEL, PRICE GOES HIGHER...
Bitcoin / BTCUSD pulled back today and tested the bottom of the Channel Up pattern that has been trading in since the start of February.
The first test was successful and the pattern held, so this maintains the bullish trend.
It may very well extend the rise up until the mid April Halving as based on the 1day RSI fractals, we may be replicating the October -...
I have been following the weekly time charts forever now and focusing on the halving schedule as a base line for pretty much every chart I watch. I haven't been publishing which is a shame because on socials I have been spot on for several months leading up to this bull-run. Feels good. Anyway, I personally think the parabolic moves start next week.
Based on 2018-2020 data, 0.786 is a common retracement area for BTC after a bull run.
Near EOY of 2017, when BTC rose to around $19,700, we saw a retracement to $3,100. This area is under 0.786 Retracement of $4330.
In July 2019, when BTC rose to around $13,900 from $3,100, we saw a retracement to $3,850. This area is under 0.786 Retracement of $5420.
Near EOY...
BTC has now started respecting bearish FVGs on the 4h time frame. As such, the next major buy for BTC reversals should be somewhere under 60k for the time being. Happy trading!
Stay updated on our bearish outlook for Bitcoin (BTCUSD) as we anticipate a descent to $51k before any rally above $77k. Explore our analysis of key support and resistance levels, providing insights into potential price movements in the coming weeks.
Last time when I posted "38k is the bottom and you missed it" people called me insane and a moonboi. It seems that a lot of you still have PTSD from the previous bear market. This makes sense but we are no longer in a bear market and you need to get that ideology out of your head or you won't make any money. The bull market started the first moment that BTC passed...
The Bitcoin hit the all-time high, immediately correcting as it did so. There was a flash crash which, in the dollar pair, led to a retracement of ~14%. However, the price found strong support at an daily imbalance with confluence at the 0.5 retracement level, and ended the day closing with a "mere" drop of ~6.66%. This was on the daily time frame.
The price...
BTC price hits new all-time high; surpassing silver’s market cap: Bitcoin (BTC) captured new all-time highs hitting $73.6K this week, making it the eighth largest asset by market capitalization globally. On March 12, spot BTC exchange-traded funds (ETFs) saw a record SEED_TVCODER77_ETHBTCDATA:1B of net inflows; with Blackrock’s IBIT taking in $849Mof...
This chart shows my conservative projection on Bitcoin for the next 12-18 months. Historically BTC at least doubles in price once crossing previous ATH. With the inflow of institutional money I do expect that we can see expansion comparable to XAU after its first ETF in 2004.
