For a week that has the Greyscale Bitcoin dark cloud looming over its head, Bitcoin, out of a sudden turn of events, has managed to come back from the grave and is currently forcing its way back above what I believe to be significant areas of support/resistance. And although it is premature at the moment to say, Bitcoin is in my opinion confirming a buy signal IF...
This chart has kept me up many days and nights, but i think i've finally figured it out.
We are in Wave 4.
Currently in Wave B (AKA the suckers rally)
Don't get pulled into the hype, instead buy the real dip with the rest of the smart money.
I have Wave B topping out between 49~50k
Followed by a drop down to at the bare minimum of 27k to finish Wave C
The most bullish Bitcoin scenario is still alive but a push above the grey indicator is key.
Please see the text provided on the chart for an example of how this bullish scenario may unfold.
You have to visualize how the second group of indicators need to move to synchronize trajectory with the red and green stepline channels.
Last seen May of 2019. Not much else to talk about. This one is for the books. (As if the Inverted head and shoulders wasn't enough.)
Enjoy this ride, there's too many bears out there for all the wrong reasons.
This is probably my final analysis for awhile on Bitcoin. Happy Stacking Sats.
Hello and Thank you for taking the time to view my channel.
I'm not a licensed professional so I hope that you do not misconstrue this information I'm providing your as Investment Advice.
It's not, I'm simply sharing my observations as an offering of education information. Let's jump into the Analysis.
There's currently a very bullish sentiment in the...
I know lots of people don't care about gaps, but I saw this BIG gap recently and thought "Could it ?..."
... We all know what happened next.
I'm just saving this just in case... Could go searching this 2900 gap aswell.
This is my first post, if the lines aren't correctly placed, don't mind it too much, but please correct me if I am wrong.
This is not a trade analysis, but a closer look at how bitcoin has been moving in a larger time line and the possibilities of where
it may go within the next 10 years using the support lines since it's bull run back in 2018
Correction to invalid Btc idea that is linked.
Depends on if you value EW and at which pink vertical line wave 5 ends. If at first line, then we’re in a new wave up. If at second line, then we’re beginning wave C or Y down.
Want to turn 10 BTC into 100 BTC?? Is your goal to be a millionaire? Billionaire ? What we are here for is to accumulate BTC. We dont calculate dollar value here as much as BTC and we earn no matter which way it goes up or down or even side ways like in wedges and flags where market stays tight for periods before breakouts, typically called " No trade zones ". We...