Based off daily charts Looking to catch a reversal in the buy zone. Set up is forming, hopefully I can get an entry
Everything makes sense to me again. This has been distribution all along. Institutions are not going to let retail long and make money this easily, its always the other way around. This idea that resonates with me the most. I've tried numerous attempts to paint a long picture but each time something feels a little off. But zooming out to the daily and labelling a...
BULLISH BITCOIN SHORT TERM BEARISH LONG TERM/INTM TERM Being that the Fed Announcement today was positive in the sense that they are working towards inflation goals, with a balanced hawkish/dovish vibe, we seem to have net net stayed based out as expected. I'm bearish bitcoin after another 70-75k rally as i'm confident we still need a deeper sub 50k dip over...
Update to my ongoing analysis of this bull run. Correction proceeding exactly per plans. We are nearing some key levels to watch. The bottom should be pretty close to here. $ 56,265 - 56,799 is the minimum expected. $ 52,838 - 53,659 is best Guess and Ideal target. $ 48,090 - 48,750 is the Overshoot (backboard). . Previous plots and logic that lead us here...
If BTC/USD remains within the aforementioned range between 73.800 and 60.000. Well it recently dropped to daily lows, with institutions respecting potential support at 60.000. The next possible tie now is the relatively equal high above 71,500. If Bitcoin breaks out of this range significantly, perhaps it could stage another sharp rally on the back of the...
Yes, yes, yes... Bitcoin is forming nicely. All is going according to plan. We are now just playing the waiting game. $56k might have been the bottom, if not - it's GETTEX:48K I promise. Lower than that just doesn't really make sense even if stay in this range for months. sweet spot is 56-62k range for weeks then rally. I'm telling you that I may go down as one...
I have been consistently bullish on Bitcoin from the local bottoms, however I did not correctly predict the monthly trend. Despite that, I am still bullish on Bitcoin at these prices, mostly because there is a very strong level of demand here. Even if price continues to go down further, I still expect a strong correction upwards here, however I suspect a trend...
54K seems to be the most likely support level on the 4-hour chart for Bitcoin/USD. After that 52K . A drop to 48K seems unlikely . But possible. A reminder that this is the 4-Hour Chart. If you zoom out, you will notice that Bitcoin is not yet in a bear market. Technical Analysis tools used: Volume, Ichimoku Clouds, Fibonnaci Retracement, Volume Delta,...
I don't often post BTCUSD outlooks, I usually keep them to myself but I figured I would shake things up this week. This is my 3 month outlook on BTCUSD. Green is what I deem as the most likely, purple is the alternative. Green is the most likely to me just because of the broader market outlook and BTCUSD's strong relationship to NDX and SPX over the past 75...
Further dip and Form that right shoulder! Technical target of around 250k. Confluence with long term resistance! Fingers crossed. Good luck
There being support zone and there being completed Elliott wave 5 on some time frame, a bounce is expected on btcusd in 59-58k zone. The analysis is from a special system called D waves. This is not a financial advice. A system test only.
Bitcoin is fluctuating within the triangle, so two scenarios can be considered
BTC broke a major support zone. Daily candle will close below the support zone. So we might expect a SBR. Fall can be expected. Target 53k and 45k
Simple design with support and resistance target levels with a clear succession in mind for the main scenario. The levels are approximate and flexible with a bigger margin for error, but at the same time the whole blueprint for this main scenario can morph into something else depending of the circumstances and unfolding of events. This scenario takes into...
Expired BTC.USD Weekly outlook. 1st WK MAY 2024 > BULLISH 📈 CORRECT Closed Price: 62,054 Target Price: 64,521 | Strike Price: 64,714 APR30 24' Upper Range: 78,972 Lower Range: 50,071
This has been my trade plan so far. Summer 2024 will give us some interesting buy opportunities for the second leg up with its peak at around nov 2024 to jan 2025.
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
MACD bearish divergence, RSI bearish divergence, Willaims%R double top similar to last cycle. I will save the lecture on sentiment, by simply pointing out a few altcoins. CUMROCKET, PEPE, DOGWIFHAT. Top is likely in, and being that it barely broke all time highs of the prior cycle i will suggest there is literally no reason to buy bitcoin again for "another...