Momentum was there and the spot light is shining brighter on Bitcoin every day. A blast from support at 44k brought us just barely to new all time highs. I'm my opinion the world is too afraid to buy at all time highs as strongly as sellers are willing to part. The flash crash on binance is proof that the space is still the wild west, and until there's some sort...
If we consider the close price as the most important price, I believe few people could imagine Bitcoin crashing from 63565.46 on April 13, 2021, to 29786.83 in 98 days..!
On the other hand, crossing above the all times high in 90 days was not easy to predict as well..!
In 6 days, this Bitcoin cycle ends, but let’s see if it works retrospectively?
It seems it...
Basically always long bitcoin, but always looking for the better chances to top up..
Been using this chart to top up anytime we bounce into one of the gaan channels. So far been pretty golden.
BINANCE:BTCUSDT
Targets :
63K BTC Cycle Top is Wave 3 of the MACRO BTC cycle
1.5 - 3 Year bear market
55K .718 retracement of entire bull run.
6.5K Bear Market bottom.
This is a MACRO chart and has many wave configurations in between wave counts so please do not assume what I have laid out will result in immediate movements to those points noted.
Using...
Short 🔴 Price will go Down, Bulls will Buy Loss
SVM (Support Vector Machine) forecasts BTC/USDT dump.
AI predicts traders will try to buy the dip.
A liquidation snowball effect could create a fast & volatile crash.
After the shakeout, the new ATH later this year isn't excluded.
This is insane, 3.26% of Open interest in Bitfinex exchange are shorting bitcoin right now. This is extremely low as you know it is a ratio. It can not go below zero it can just be near zero. This is -in my opinion; an indication of extreme optimisim and will probably result in a powerful long squeez. To get this chart use this...
Go straight up to ext 5 target and ichimoku target, I think we will have correction soon in this zone because degree and target.
We can wait for correction and next massive wave 5 bigger, look this behavior, confident to hold
Last time we saw price action and longs like this was the rally after the covid crash. After a cool off, bitcoin continued to trade wayyy higher. I think that is something similar to what we will see here, unless BTC break ath. I truly dont know how it will play out
A tweezers topping pattern occurs when the highs of two candlesticks occur at almost exactly the same level following an advance.
A tweezers bottom occurs when two candles, back to back, occur with very similar lows.
Like many other candlestick patterns, tweezers occur quite frequently.
Tweezers are more meaningful as part of other trends, especially...
