ChatGPT Bitcoin is encountering key resistance areas, possibly topping out between $70k and $80k. I'm leaning towards a more "bearish" view, expecting a climb to $70k with a correction thereafter. Using Fibonacci retracements from $60k to $70k, the .618 level illustrates short-term support. Wedge breakdowns often lead to double bottoms or worse, as they're...
BTC - Big Target! Marked by Arrow Mark! Not too soon but overall BTC should reach it!
trend following see the market create higher highs and respect higher lows
Besides using the Fibonacci retracements in charting, the particular days that fall on the actual fibonacci day itself appear to be very good for catching big swing moves for entering and exiting on trades as marked for example. The 3rd 8th and 13th have shown to be entries and exits on the same day even.
BTC often follows the technology sector of the stock market. Below you can see the Spearman-rank correlation, which better shows us the moments when two assets start to move in different direction What now? Now the NASDAQ is starting to slip because the market is overestimating interest rate expectations, after talks that there will be no lowering this year....
Bitcoin's long term chart retains a very bullish posture. Currently, I have the BTC chart having completed, or about to complete the first upward subdivision within a long-term cycle wave III, that could top the $1Million area per Bitcoin. Nonetheless, in the short term we are correctively retracing, and retain the ability to eck-out one more high, before...
Wave 5 can be an absolute unexpected beast of an extended move. But if everything goes well even from this point in time, 130k would be a nice spot according to the current chart The show must go on
Previous highs are supporting the BTC price. Toghether with the lower highs it's forming a symmetrical triangle
Price has taken the liquidity and sucked in break-out sellers. It was rejected from the daily gap and closed above the height that created the low. In my opinion, 73K is in play now. I'm longterm bullish on Bitcoin, but I think it will take time until we will see the halving effect.
Another on point prediction. You should be getting used to that by now ;) We can do this on any time frame...just as a reminder lol For those waiting on the still image charts, I have stopped those as the 'glancers' become trolls as this miss the context behind the forecarts. So only video market updates from now on. Also, I will make further announcements as...
☕Good Morning Traders☕ We see the formation of a lovely bullish flag on the daily charts of BTC/USD, this bullish flag has a massive flag pole indicating that this can be the move to see Bitcoin reach $100,000 finally. As you can see by my analysis, we expect to see a pump in the price of Bitcoin by the middle of May leading into June. However, the $70,500 -...
I see a retracement to $52100 before long trend continuation that will give us a beautiful inverse H&S pattern if plays out according to plan. Should close the year around $120k if all is well.
After the Halving happen on 19-4-2024, Bitcoin making a recover from the 60000 level. However, Price history showing the shorterm effect of the Halving making price drop in the first 30 day www.proshares.com Technical 50% retracement level from the swing from 25000 to 70000 is at 50.000 . This level combine with the 200day moving average on Daily...
Invhs lol 63450 Indicator 4hr Trend:Pennant Possible upshot, rapid to historic ALT
btc. This accumulation is expected to push the price of Bitcoin higher. However, there are likely significant sell orders placed at higher price levels, which could temporarily halt this upward momentum as sellers look to offload their Bitcoin holdings. The strategy proposed involves targeting these sellers, potentially driving the price higher to surpass these...
This week we need to close above last weekly candle for bullish momentum, if not this week than next week must close above this weekly candle wick. We will updated soon
i think this is how i should see this chart only, from now on