Bitcoin is clearly breaking up from this Bullish Pennant in this 4 hours chart, it is less than two weeks so the measurement will be from the flag pole bottom to the top, if this was longer than 3 weeks it would has been considered a Symmetrical triangle but is not, so the target here would be $48,726, hope is not a fake out, good luck!
Continuation pattern triggered in BITSTAMP:BTCUSD here, brace yourselves as it anticipates that we can get a new ATH by May or sooner...
If price has follow through here, we can expect 53k to 68k targets to be reached by April.
Best of luck!
Cheers,
Ivan Labrie.
#BTCUSDT.. well guys market bounced back from his support,
actually market retest of 45k was pending and now market retest is complete.
so keep close that area because if it is market retrace then it should hold 45000 around and drop again.
focus on that area and manage accodengly.
good luck ..
trade wisely
BTC has been ranging since a week. In chart is the range and levels that I'm looking at.
My main hypothesis is that we are in a small distribution area between $42000-$43500. Let's see if this scenario will materialize the next days.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
When considering Bitcoin's mid-term trajectory, a potential target I am observing is approximately $48,000. It's crucial to note that this projection represents a plausible scenario based on current market trends and analysis. However, it's equally important to maintain a proactive stance, closely monitoring the market's response as Bitcoin approaches this price...
I love bitcoin, triangles, and long walks on the beach. Bitcoin here really played out very well from my previous observation. Lets give it to big chad bitcoin everyone! Drop me a follow
Btc buy expected
think we are most likely to see a bullish breakout above this triangle, which could send the price higher to reach the next resistance level at $47,507
If this breakout happens later today with a strongly bullish candlestick, it could be an interesting signal at which is enter a new long trade.
This is not a trade! I only buy and hold. Anyways, I think we are in for a ride soon but don't expect anything big until after the halving in april. Unless there is a catalyst I think we chop around these levels until summer months. Price targets? Anyhere from 2x to 10x in the next couple years. Zoom out. You will not outperform this bullmarket buy trying to out...
Shown here is the same fib series in three different timeframes.
Left chart shows its "Genesis" (birth) and the growth rings since.
Right side charts show the same fibs but in smaller timeframes.
The fib at 42,789.57 (on coinbase) is actually a "minor" ratio.
But it of the most important Fibonacci sequence of BTC's life.
The "Genesis Sequence" has caught all...
We need to check out the followings:
- What fuels growth? (Fiat Currencies)
- How much is the Total Available Global Fiat by country? And, how much is the per-capita?
- How much more the US Treasury is going to coin new bucks?
- Are Crypto-specific Ecosystem Dynamics denoting a boost or a downturn?
By the way, Quantum Computing can decrypt what is regarded as...
Bitcoin (BTCUSD) is about to flash one of the strongest cyclical bull signals it can give as the 1M (monthly) RSI is attempting to break and close above the 62.50 level. What's so important about it? Every time that level broke with the price deep into the Bull Cycle, BTC started its most aggressive phase, the Parabolic Rally that ended on the Cycle's new (All...
