BTC always ends bull run between fib 2.272 and 2.382. Also double top always occurs on RSI (yellow line = first peak resistance; red line = second peak resistance).
4 stages of growth in a single cycle:
1st: breakthrough resistance of previous ATH
2nd: stop at 1.414 fib
3rd: stop at 1.618 fib
4th: reach ATH of current cycle
i love analysis and love bitcoin more as a technology this is my analysis for next 10 years as new deca cycle has begin and this is what i think it will move
This is an update for my last Bitcoin Analysis in this link :
Bitcoin can reach these targets and green zones are important zones for reversal. Also, trend lines are important. I think Bitcoin can pass 200k during 3-6 next months. So the last green box is the most important zone.
I posted this earlier, and I'm going to repost it again, now everything is clearly pointing towards this correction, and I suspect a small push to the upside to trap longs, 57k btc perhaps and then we dildo downwards to that 45.5-45.8k range for one last time, and that will be your last chance to capitalize on such an opportunit. BTC 230K EOY.
BTC Bears last stand is when price is back at the scene of crime! (the trend line from H&S which played out back in May).
This weekly close can trigger a big volatility on BTC price from 11th Oct onward, be ready!
Hi All,
My TA and previous TA shared with my channel subscribers.
The video explains it all.
All the best,
S.SAri
Yesterdays stream
www.tradingview.com
The next 48 hours is critical for bitcoin to decide on cycle direction.
Option1: break from the triangle and RSI trend line and show HH => Very high chance we go to the moon in Nov/Dec 2021.
Option2: Get rejected from the trendline and downtrend to 200 week MA starts, which actually its a very good accumulation opportunity and getting rich in 2024!
Before today's super bullish BTC sentiment, many people, including me believed there would be another leg down to complete an A-B-C correction to finish the 4th wave, and we were all targeting around $20,000 area. We believed in that not only because the overall bearish view on the stock market/global economy, but also the 5-3-5 golden rule in Elliot Wave, where...
Expected Bitcoin price movement in the coming days
If the bitcoin price drops significantly on any date from 10/12 to 10/18, it will be an excellent buying opportunity
Major trendline resistance was broken recently at 51k level.
We may be in a mid-cycle peak on to the way up to 180k-200k until ~Aug 2022.
Would still remain cautious atm as the traditional markets are undergoing a major 100 year-cycle correction that could drag $BTC with it.
But, there is a chance that every asset on the traditional market will get tokenized,...
As Bitcoin sat a new higher high breaching 55k so far, bears are burning like a moth into a flame.
This signals a confirmation for the bull trend that re-started in July, as the retest of the 21W EMA & 20W SMA successfully done.
Keep an eye on the following:
1) Bitcoin is battling right now the 0.702 level, expect high volatility before the PA subsides.
2) a...
it seams the BTC is building up a correction, atleast short term, how it goes will we see based on the Momentum and the RSI Divergence. I suggest a tight Stop Loss!
BITSTAMP:BTCUSD is painting a nice inner cup&handle, i am expecting to add to my position when the breakout threshold is maintained in the inner cup, overall this is what i am looking in the coming weeks for profit taking or leaving the position run to cup&handle targets.
Our last entry at 42800 has given us a nice profit so far.
Bitcoin is now at the median level between two Gann levels. We can count 5 waves to the upside (green count), assuming that wave v is coming to an end. That would complete wave (iii) of a larger degree (blue count).
Sun squares natal Sun on 6 OCT, an important and potentially problematic aspect.
An...
KRAKEN:DAIUSDT There are numerous ideas and some real facts of and continuing act of regulators hammering some of the pioneer Stable coin companies LIKE Circle, Blockfi, Celsius for different reasons; all sums up that centralized issue USDCs are looked upon as bonds that does not back 100% USD for one USDC and on top of that, Blockfi celsius service include...
