Bitcoin developing a giant cup w/ handle. Handle only dipping 20% with volume falling off a cliff in the handle. US & HK Bitcoin ETFs push supply/demand equation heavily in favor of longs. Keep it simple. Measured move is to $300K by 2025
If the premise of a trend reversal is going to come to pass we need to see rejection of the attempt to trade at a new high. The breakout looks much more promising now but when you look at a lot of tops you find many of them have wicks slightly above the high. I believe these are referred to as "One tick traps" (I just call them stop hunts). If the breakout can...
I like simple charts and this one is pretty simple. Lower highs on the RSI and bearish pivot candles seem to point to further consolidation prior to a true ATH breakout and a run later this year. Targets are $60k and if shit gets really ugly, $50k. Hopefully we trade in a nice $15k range for a while and get a great alt season before BTC goes on to the...
We frequently look at the altcoin market and very often look for clues on its dominance and market cap. A historic comparison of alts with Bitcoin's (BTCUSD) Cycles shows that alts bottom after Bitcoin, a lag which is natural considering that BTC is the market leader. Similarly it is possible for alts to rally when Bitcoin is correcting or consolidating. Using...
I mean its crazy to think of selling Bitcoin But think of it its been Pumped to all time new highs investors would likely take profit to enter(buy) at cheaper price
ABC correction finished. Short Elliot Wave reached 300% of fibonacci. Bullishtrend has been progressing. Waiting for the fifth peak of small E.W.
Time to buy. +16% coming. With the FED this afternoon and do to the liquidation of bitcoins, and also the area, very good support. Let´s see. blessings.
#BTCUSD - H1 📣 Upon analyzing the 1-hour timeframe, with the break of the downtrend around 58541, there is an expectation for the price to rise towards the range of 61000. ⛔ Stop Loss: 56400 On the other hand, with the break of the range of 56400, one might anticipate a price decline towards the range of 54000. ⛔ Stop Loss: 58541
Bitcoin worse case IMO Don't get shaken out Continue to accumulate
Hey guys and girls, Here is an updated chart from my (Nov 12, 2023) post As you can see, this is only half of the battle! Further targets: $ 74k, $ 84k, and $ 100k Appendix: Structure: 5-3-5 (Inverted) Bitcoin halving countdown: 49 Days Technical Section: Wave 5 has two different relationships: 1- If wave 3 is less than 161.8% of wave 1 -----> the...
As always, simple and stupid. Think BTC is currently trading at the lows of shown downtrend channel. I won't rule out another stop hunt/bear trap below 54-56k (MAX 52k) BUT if we see a quick recovery above 60k and hold here for a while (max 2-3 days), we should see it breaking out of this channel coming weeks. Stay safe!
I have seen enough to determine that we are headed to a new all time high just like the stock market will see a new high before we head lower. If you haven't seen my idea on the SPX (see the link below). Looking at the BTC on the monthly chart, we can see that it looks like we are doing an expanded flat. As we can see the top in October 2021 was not the "real" top...
Sharing my cheatcode to time markets cycle : BTC has always underperformed the inflation since 2017 We've seen a monthly close above it's main resistance + adoption is growing exponentially, this cycle should send BTC to ~240k Yesterday (17/04) the RSI timed a cycle top BUUUUUUT got canceled this morning If the RSI top signal come back and close =! 100 this...
I said 2 things earlier but I changed my mind a bit - the first thing was that I wanted to wait on Monday to do a new post because of the geopolitical situation and the halving, what happened last night convinced me that the floor was here (of course I can be 100% wrong) - second thing is that from my last post, I said we could chill some months because nothing...
CRYPTOCAP:BTC just printed a "magical" green candle, after a kinda "bearish" upward movement with a lot of divergences. No one was expecting an upward movement like this, and really caught bears and shorters by surprise. The short squeeze here was brutal and a lot of shorters must be in pain. Anyone could be asking themselves, "what the hell just happened?"....
CRYPTOCAP:BTC has formed a rising wedge that it broke down from. What would make the most sense to me here is for BTC to test the top of the rising wedge to confirm resistance and then to break down to the lower support levels between $58k-60k. After that I think we'll then go up to test the top of the range between $76k-78k (which I believe will be the final...
Just a little price prediction for a bit of fun. I think there will be continued sideways movement up until we see the classic "sell the news" price action once the halvening is here but we'll eventually start climbing through the summer
Very important levels 63 and 67K I would more pay attention at 67K level. If #BTC manages to have W close above 67K, that will mean that uptrend continues, and probably we will the PA as on the chart. Keeping an eye and trading according to RM :)