I've often wondered about the reality of these 1mil predictions for BTC.
Personally i find it highly unlikely until we see some major real world use cases put into practice for it. could Blackrock and the like pump the hell out of it sure, but seems unsustainable unless they can continue to bring in new investors. to buy it back off them.
I was playing with this...
CRYPTOCAP:BTC VIP Analysis
APRIL 24, 2024
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BIAS:
Mid-Term: BULLISH
Short-Term: BULLISH
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The price action on the H1 timeframe level has successfully bounced back from its Horizontal Support level which was marked between the $63,640 to $62,950 level.
The price action broke out the neckline of the pattern level has squeezed out the BSL which was marked between...
Bitcoin has been ranging between 60,000$ and 72,000$ for a month, in the next three months we have two scenarios.
1- if the 60,000$ resistance is broken, it will fall to at least $40,000 to $44000.
2 if the $73,000 support line is crossed, it will rise to $100,000
Currently, the best price to enter is $60,000 to $63500 and in case of breaking the resistance line...
In this video I speak on current Price Action, what is Price doing right now? & I have the answer... Just Tune In & witness Greatness at it's finest! Naked Chart Reading!!!!
_SnipeGoat_
_TheeCandleReadingGURU_
#Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #DayTrader #SwingTrader...
You're looking at my Log scale analysis featuring a Linear scale opposing trend an industry 1st!
If the Linear Golden Zone .618 - .65 at $50,264 (.65 for slippage) holds, then we're going back down to mid $20,000's before heading up to $136,200. (FOLLOW RED LINE)
The .50 - .618 Extension at $37,725 - $36,239 needs to hold as a last stand to continue up but...
btc vave 1 95% 144 days
btc vave i 85% 89 days
currently in vave ii
next is vave iii minimum 200%, probably around 300%, 55 days???
target between 200K - 290K
nfa
y axis only
for entertainment purposes aka sit back and watch a inflationary reserve currency managed by a bunch of cannibal paedophiles luciferian turdmasons get demolished by a deflationary crypto
im working in previous trends line by long time, and the previous line are working like i wait, but, are only limite for trends up or down when the previous line work like resistance and the price when reach any line, or crash or back
Bitcoin miners see rewards cut, Dorsey jumps in: Bitcoin miners collected more than $100 million in revenue for the halving on April 20, the highest total ever recorded in a single day. But now miners face a drop in mining rewards that could reshape the industry. And one familiar name is jumping in.
Speculators hopeful upcoming Fed meeting will leave rates...
Weekly timeframe
- Bullish market structure
- Rejection candle on the 61.80 fib level
- Bullish fib active
- Previous resistance acting as support
- Natural M
Daily timeframe
- Bullish M with the fake-out (outer structure respected)
4H timeframe
- Inverse head and shoulders
This chart, utilizing Fibonacci retracements on a 3-month timeframe starting from the October 2022 low, suggests a potential final target of $271,498 for the current bull market.
Additionally, the chart indicates that a 3-month close below $65,495 could signal a potential decline in Bitcoin's price.
Therefore, caution is advised in this price zone.
#BTC/USDT has been rejected by both the Ichimoku cloud and the 100 moving average, indicating resistance🔻
Price is currently moving towards a horizontal support zone👀
Bulls need to defend this horizontal support to maintain bullish momentum☝️
Rising Wedge's are one of my favorite setups. I think with the recent volatility, halving news, there might be a good short play on CRYPTOCAP:BTC / related stocks... Sell the news?...
Bitcoin has been in Distribution, and it may have formed a Lower Peak within this consolidation.
The idea is to short Bitcoin to the major Demand Zone below.
1. Enter - around $63500
2. Stop - above Lower Peak
3. Target - Demand Zone
4. RR = 3
