As expected, Bitcoin with ticker BTCUSD is breaking higher and we can see strong rise now, with some sharp extensions to 40k level. Notice that we see price in fifth wave, about we talked in our past updates when we were tracking fourth wave consolidation. Well, bitcoin is now moving out of that fourth wave now, with a strong and sharp reaction, so fifth wave can...
Cryptocurrencies are in uptrend for the last few weeks, a move that even accelerated at the end of October and start of November when US yields turned down, which is supported for the cryptocurrencies as the dollar turned down. In fact, US yields are looking toppy after the latest US CPI data, meaning more weakness can be bearish for USD and supportive for the...
Bitcoin (BTCUSD) broke above the psychological 40000 mark, trading now even above 41k. Those are levels that we haven't seen since the week of April 18 2022! And we don't know yet where this euphoric (on Fed, ETF anticipation) candle will stop.
Technically, the next Resistance level is the 48220 High that was the first Lower High made after the November 2021 All...
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...
