If we reject off of all time highs we will form a MASSIVE cup and handle. The target will be 250k. This also lines up nicely with the all time trend lines! Not hopium just analysis and confluence.
My viewpoint, everything is only for fun.
Based on previous cycle and fundamentals. Simple as a rock: 1 year accumulation in 2019, halving in ~ 2020 May, bull run starts. Peak top around 300k$, then pop and elevator down to 60-30k$. Rinse and repeat. Chart is printed and hanging on my wall. ;)
Bitcoin very narrowly missed its previous all-time high of 2021 tonight. It subsequently fell back a little. However, it has recovered in the last few hours and is working on fresh gains. We have added a green, fresh zone extending from $58 259 to $46 753. This zone should mark the end of the imminent wave 4 interim correction before further rises in wave 5. From...
The complexity of the Bitcoin chart makes it a challenging subject for analysis, contrary to some claims of simplicity. We are considering two potential scenarios. Notably, we are not immediate proponents of the all-time high theory, given the critical level observed on the daily chart. Here, we entertain the alternative scenario that Wave (3) may have been...
BTCUSD has surged unexpectedly, hitting its highest point where it was a year and a half ago. Consensus suggests that BTCUSD is poised to establish a new record shortly. However, there is speculation that a price correction might precede the continuation of the bullish trend. Notably, the demand observed on the weekly chart below appears to present an excellent...
BTC rejects all-time-high with conviction. A dragonfly doji is formed with a very long tail to the downside. Like many flags, we could easily see a complete reversal to the top of the flag again here. I will note that price action is more likely to do this out of standard trading hours for stocks as the ETF cannot react afterhours. Is this the correction I have...
BTC - Esoteric View - Chart 2
Besides 9-11 code, here is 2nd reason why it stopped there.
So, Second Reason is - BTC has reached 69K
69 (96) is Specific Code.
69 is Yin and Yang demolish and harmony energy in one...
We have on both coordinates 9-11 and 69
.............
69 = 15/6
This is a number of occult significance, of magic and mystery, but as a rule, it does...
The Bitcoin is at the monthly support area, if it is broken, the price will drop to the level of 16600
As for the rise If breaks out of the descending trend line
Reaches the levels drawn in the green
Bitcoin has been in all bull market due to various reasons as ETF, HALVING
Although it seems overbought, BUY signal from early February still on
Comment below ATH or NO ATH
Bitcoin came within a hair’s breadth of a fresh all time high something that unthinkable a few months (weeks?) ago. Absolutely astounding price action.
When you zoom out to the monthly chart, it looks even more insane, like a v shaped correction.
There will be bumps in the road, it could take a while to hit a new all time high or it could happen today. I have...
A potential for starting next fractal which would be a wave 3 of 3. It is more often than not a very strong move in this part of the Elliott wave structure. The equality level points close to 36300 while the larger 3=1 is around 49000.
With the rise of cryptocurrency exchange-traded funds (ETFs), investing in Bitcoin has become more accessible. Despite lingering reservations due to historical volatility, Bitcoin offers compelling reasons for investment. This article explores Bitcoin's remarkable performance, its potential as a hedge against inflation, and its similarities to gold, presenting a...
On crude oil, it's nice to see a strong buying reaction at the price of 63780.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The strong S/R zone...
