Bitcoin / BTCUSD is rising aggressively yet again, only 2 days before the SEC's decision over the ETF approval.
Technically the market is just coming off a Bullish Cross between the 1week MA50 and 1week MA100.
The last time this happened (December 2019) Bitcoin had just started the 2nd rally of the Bull Cycle (disregard the March 2020 COVID crash).
The 1week...
Chart says everything.
All the possible outcomes to be looked at, the trends Times are not entirely tailored, so it may be not well fit for the time of the events.
As I just had a kid, couldn't tailor the multiverse approach as regularly. Deal with it.
Here's my revised "Potential Path To $150k+" chart, adding in 3 new factors that further point to the higher Fibonacci targets on this chart and potentially hitting $220k Bitcoin.
As the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)...
The same scenario could play out for the 2024 bull cycle, with each of...
#BitcoinETFs #BTC #Bitcoin market capitalization is seeing a higher high, meanwhile the price, so far, isn't seeing a higher high (from around March 27 2022 timeframe) -- I suppose this is because more coins have been mined since then? Guess I'll ask jeeves.
Feel free to chime in and explain this! Love a good chat. lol.
using measured move, consolidation trendline etc. this looks really bullish for bitcoin next 2 years. maybe revisit to 30k? or 15k? who knows but this is the whole picture. long term prediction.
Regardless of the news on the probable bitcoin ETF approval, stay on the BTC macro chart..
I will keep repeating it ..in fact i have to circle the key price action area of interest so that you can understand.
Yes! ETF greenlight might be what will speed up the price action sooner than expected but BTC is progressing beautifully into its bullish period for the...
After that target, we should see a cool down phase.
Perfect would be 30-32k, but its to early to tell.
More infos?
Why 46-48k?
Look at my older charts.
I think next year FED might cut interest rates and stop QT so in my opinion that could be a bullish signal for crypto world, with BTC probably leading a new bullrun
Bitcoin is possibly forming a continuation Bull Flag pattern. Target ~40200
Price is respecting nicely 12H 9EMA as we can see from the chart (same with Total marketcap).
If we break the 9EMA support I think we will go test the Daily 9EMA and Flags bottom level where probably some buyers would show up. (Picture below)
This price action is quite fascinating and...
The Wyckoff Distribution Schematic is the most feared pattern among the bulls.
Volume confirms the bearish price action.
Everyone is in full greed mode with pending Bitcoin ETF approvals and the whales see this opportunity to "buy the rumor, sell the news."
The adage "buy the rumor and sell the news" might apply to Bitcoin with BlackRock and Fidelity’s potential Bitcoin ETF approval on the horizon.
In the event that the SEC denies the ETFs, market participants might eye downside targets below $41,500 and $41,250 if we get a wild swing to the downside.
Conversely, approval from the SEC may pave the way for an...
A massive cypher pattern may be completed at the D also you may look in lower time frame for the entry point at the Potential Reversal Zone (PRZ)
Have a good trading
In this video, I will be sharing my BTCUSD trading strategy by providing my complete technical and on-chain analysis so you can watch it to possibly improve your crypto trading skillset.
