Bitcoin - Not A Prediction
An interesting comparison to the price action that took place in Nov 2020 (post May 2020 halving)
On one serious note, it reinforces just how important the 21 Day Moving Average is. If lost, we can expect at minimum ST pull back.
#bitcoin CRYPTOCAP:BTC
We're now formalizing consolidation triangle which is mostly telling us about to continue of the trend, means that we're expecting to continue to grow. So by growing we're reaching the resistance of ATH, I think after that we are going for correction, or we're going for correction after breaking ATH.
You thoughts guys?
I anticipate two scenarios for BTC, both dependent on market sentiment. In one scenario, if the sentiment becomes overwhelmingly bullish, BTC may break through the main resistance level, potentially triggering a significant pullback unrelated to the prevailing market trend. Conversely, in the alternative scenario, if market sentiment remains cautious, BTC is...
Because nobody knows anything about anything it doesn't matter what I write here. All that matters is if I'm more or less right or not when you click play in July or so.
Let's take a look at Bitcoin from a different perspective, where we are comparing the current chart to "Wallstreet Cheat Sheet: Psychology of a Market Cycle.". The beginning of 2024 has been very interesting for the crypto market, where we have been expanding the markets massively while in pre-halving time. Now, as you all know, we are looking for bitcoin to have...
Bitcoin (BTC) is recognised as the world’s first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...
Hello Everyone,
BTCUSD has surpassed all projections, reaching a one-year peak at 64,074.75. However, it's anticipated that fluctuations will occur at this juncture. The key focus lies on how the daily Pivot Point (PP) will either bolster or rebuff the price movement. Presently, the trend exhibits robust bullish momentum, suggesting a probable continuation of...
BTC looks to be printing an atypical bullflag here with heavily contracting price action after the most recent run. I have been expecting a correction for a while and it just has not come, maybe we really do bust to 75k before, this would make a correction here a much higher price point.
Using a 30% correction we will note the following.
Correct here (62k) =...
Bitcoin is forming another Bullish Pennant and could be about to break soon with a potential target of $76,000 this is about 70% of the times that breaks to the upside to continue the uptrend and if this happen we could see an all time high next week, this never happened before the halving in History but it is very possible for this to happen, so be ready, also...
ignoring the saturday and sunday priceaction on bitcoin its pretty clear to enter like on nasdaq if PERCENT R indicator is below -67
above 200 sma
and exit with a trailing stop below prior days low
On the 1HR, we can see Bitcoin getting squeezed here in a symmetrical triangle pattern. Eventually, the price is going to break from this pattern, and a relatively big move will follow. To the upside or downside, no one can say. Symmetrical triangles are more likely to break upwards. Pair that with Bitcoin's increasing positive sentiment, and we may see another...
while looking at the rsi , it really looks like its time to bring a visit to the good old 200 sma ,
test our previous 57500 resistance , and make it support.
it is also the golden pocket zone of the recent uptrend , a retest of that zone is likely.
if , and only if , on the other hand,
the trend continues, we could be looking at making new all time...
Bitcoin trading now above value for Feb, with high volatility expected for the entirety of 2024. Given monthly VPOC ahead at 57464, there's 20% in this trade, with a stop inside of value for the month, r/r >3
