A little layman's idea, when we can face with the peak after the upcoming halving.
I am happy to hold a long position and I think it is wisest to look for long trades. Two consecutive higher hourly closes above the all time high of $73054 could be a good entry signals
$BTC:1D I'm using the standard (non-log) chart setting for display purposes. A bounce back to the VWAP off highest high (69.2K) with a possible 'wick ' over the line appears to be highly probable but not necessary. A 'close' over highest high VWAP would not invalidate my thesis but would require a fairly expedient price drop, within a few bars, for thesis...
We currently broke below structure yesterday, i would expect a continuation to 6250.
will continue to way a little bit candles and will pumppp it
$BTC:2D The above linear regression channel is illustrative of 2 standard deviations up and down off the linear mean. Price has again failed to breakout above the 2nd standard deviation line. Pearson’s R^2 is remains relatively strong at 0.87, indicating a high tendency for price to centralize around the linear mean (LM) price point of 38k. Bearish price to RSI...
I believe bitcoin is going to dip under 10k to complete the bullish bat harmonic. My thoughts are that Bitcoin will consolidate for a couple of months before chopping back up and dropping again before the halving. There is a catalyst with litecoin in 2023 that could give BTC a good bump up, however, I feel that Bitcoin will hit 250k by 2025.
$BTC:1D (1 year look-back period) CRYPTOCAP:BTC currently hovering around its linear mean price point of 45.6K in anticipation of SEC approval or delay tomorrow. Current linear range at standard deviation up and down is roughly 50.9K to 40.5K. Pearson’s R^2 is extremely high at 0.96, implying a high tendency for price to centralize around the linear mean....
$BTC:1D Bearish price to RSI divergence continues to play out with price hanging in the bottom half of the above regression trend. Maintaining the current trend trajectory would require an upward mean reversion to the 46.5K level. OBV remains constructive but seems to be weakening in strength. Sustained price action below the -3SD (39.5K) level would begin to...
I think this is very plausible, markets do what most dont expect. What do you think (My conservative approach to the Crypto Bull run)
USD is strong currently, market patterm formed so we know what that means. Reversal! Price already showed us this with the head and shoulders. Get your short entries in NOW while price is in this area. -Sosa 'TheForexTeller'
After the recent correction,the previous idea about this cup and handle (which I will link below) which described this pattern as purely speculative because we had not yet started to form a legitimate handle,is now no longer speculative as we have retraced enough and for enough daily candles to consider the current price action a handle even if it breaks above...
Bitcoin is consolidating between support and resistance levels. The market is likely to retest the resistance level and possibly break through the channel border. We expect a retest of the resistance level following divergence or a sideways move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
BTC successfully retesting April 14 2021 high (real cycle top) April 14 2021 also COIN IPO date and Madoff date of death (real simulation top as programmed) 80K this week AND 100K+ before halving
Waiting for one more confirmation before my $78k Target.
An expected decline in Bitcoin To 66200$ down to 66K this next dAY
Technical Analysis and Outlook: Bitcoin has reached our target, the Inner Coin Rally 72500. It has since dropped significantly and is now hovering around the newly established Mean Sup of 65900. The upcoming retest of the Mean Sup of 65900 will serve as a crucial point for continuing the ongoing bull run, which aims to achieve two more targets: the Inner Coin...
In the following days, it is possible that the price will go up to the area of 70000-71000 and from there it will go down