Firstly, before we begin into my personal analysis. Let me disclose to you, this is not financial advise, and I am not providing you with this information for the purpose of profit/gain, trade calling or anything or the sort. We're not friends, and we're certainly not ever doing business so don't DM me. I appreciate the follows though. :-) Let's jump into the...
We have broken above our daily 3-point bearish trend resistance (in green) and sustained price action above it. We have done so after testing a bounce off the long-term weekly trend POC (in red). Together these observations indicate to me a greater than 70% chance that we see continued bullish price-action, after creating our first local higher-low on the...
Bullish as I think there will be a blow off top at 100-115K this cycle. We seem to be in a wave 4 correction pattern. It looks like we have one leg lower to test the trendline of the weekly RSI. My guess is we are going to have a running flat correction where 60K will be tested one more time after we rally to 73K. I am guessing we start breaking ATH again some...
A nice rebound from the 57-57k area, but the more we visit the current support on the upper trendline the less credible it becomes. An important level indeed.
We have been following the dotted line downward for 34 days and although in the last few it seemed like it was going to break it and go test the upper part of the larger triangle formation, it did not and instead we have just gone back under the dotted line in an even slower pace. If we take a look at the BTCUSDT liquidation heatmap from Coinglass with the lowest...
just leave this here looks like BTC's still under selling pressure it will continue to consolidate if not drop, followed up by big bounces on the weekend.
The market would also have the option to experience a MIL:1M + movement if there were a sell-off in US Treasury bonds. For example, if the Bank of Japan were to raise rates to combat Yen depreciation, they might inadvertently initiate a spiral that forces them to sell US Treasuries, potentially leading to market collapse. In this scenario, what would be the only...
There has been a few enquires on how much further price action will fall. I don’t know. However I'm a data scientist and that means I like looking for patterns. There’s a lot interesting confluence at the moment at the same time most of tradingview.com is publishing “short” ideas and yet from a quick scan of the ideas shared I've not seen many ask the...
My bullish count has completed impulse (1) off low of 15473.78, completed regular flat wave (2) from high of 73757.39. The flat is within the green ellipse, and the C wave of the flat is not my favorite; however, I think the possibility of a diagonal for lower lows has been eliminated at this point. Price moved above 65000 and has moved back down towards the...
After accurately predicting the upward movement of bitcoin from the previous year ( link ), I envision this corrective path for it, and after that I see the continuation of the upward movement and high targets for it. If the correction reaches the range of 49,000 to 50,000, we will reach oversold in weekly time and we are ready to start an upward movement. But...
Simple trading - Heads and shoulder BTCUSD is dropping below the 1hr heads and shoulder pattern. 2 things will play out here, 1. BTC will continue to drop to target @60k or retest the previous resistance @62k then drop to the 60k level. 2. BTC will reject the head and shoulders pattern and regain bullish strength back up to 64k **If BTC fails to remain...
bitcoin is trapped under some strong resistive forces giving us the probability for the return to support in the channel, which continues to trend lower. It will meet support zones at on the way down and if we can set a higher low trend we will look for a breakout on the upside, otherwise we are on this bulls back for the ride, and riding bulls can be dangerous...
The volume is decreasing in the flag pattern, according to the previous analysis, if the price goes above 73, higher targets are available.
This is a 4-hour BTC 2023-03 forecast with: BTC dominance & USDT dominance at the base of the chart. Further below are the top largest four crypto TOTAL market caps.
Hello friends, according to the structure of the parabolic pattern, the price can touch higher targets
Based on the technical structure of bitcoin, I do not think the bottom is yet for bitcoin (wave 4). There is a major trendline that I believe we will retrace and retest before the bottom is in, which seems to be around the 55K area. This trendline has dictated a key area between the bull market and bear market in the last cycle. The RSI on the weekly timeframe has...
CRYPTOCAP:BTC is about to drop here is why !! i think bitcoin is about to nuke because we are about to start the last down wave of the correction WXYXZ be safe and don't short the market here, NFA