JoshRager

JoshRager

Looking for Bitcoin to go sideways here over the next year until things start to heat up post BTC halving in early 2024. Price likely ranges between $18k to $50k (large range) and then post halving start the next big uptrend to new all-time highs in 2024 and 2025.

JoshRager

Bitcoin historical volatility (HV) nearing 40 $BTC volatility this low has historically led to major price action between 30% to 60% movement in the following weeks From current price: 30% move to the upside is $12,200 30% move to the downside is $6,500 Put your seatbelt on

JoshRager

Price levels to continue watching for Bitcoin

JoshRager

Just two possible scenarios for LINK

JoshRager

Chart is labeled with areas that will likely act as support and resistance for Bitcoin as it continues to move sideways for week.

JoshRager

ETH is at a major support area against BTC It needs to hold here as the next major support is quite the drop Look for a potential bounce but I'm not attracted to catching falling knives, which means if ETH continues to fall, I'd rather be in BTC

JoshRager

Long story short - the average pullback after death cross in the previous uptrend was 24.6% and lasted over 3 weeks until the golden cross happened (where the 50MA crosses above 200 MA) We could see price pullback to $8000 to $8200 with a new uptrend starting in the middle of August if the price action is similar to the 2017 uptrend

JoshRager

See the chart - Close above $11700 and it's mega bullish

JoshRager

Bitcoin is finally consolidating after weeks of blasting resistance areas We're in a ranging pattern to cool off - here are the areas I'm watching for a break above or below to $9k or $6k As of now, we're hanging in a condensing price formation that should lead to some volatility near the CME Bitcoin Futures expiration around May 31st

JoshRager

Bitcoin - % Return & Future Peak High Each market cycles rate of return has been 20% or 1/5 of the previous cycle return from bottom to new peak high With cycle bottom at $3148, this next market cycle could give 2300% returns based on historical data with a Bitcoin high at $78,500

JoshRager

$ALT Season in the making? - Just watch Bitcoin dominance Bitcoin dominance dropped 10% to 14% during the monster altcoin runs in 2018 My strategy for buying altcoins is to watch the charts for BTC dominance % to pullback An alt rally could push BTC % back down near 50%+/-

JoshRager

One possible scenario is Bitcoin continues to make its way up to the peak interest area at $6400+ Lots of historical volume at this level and would create peak fomo This is where people who bought previously at $6k have the opportunity sell to fomo buyers before a retrace After months of uptrend it could be healthy for a pullback -(red lines show...

JoshRager

The guppy is the most beautiful indicator in a traders toolbox. I enjoy watching as this collection of EMAs helps paint a clear picture of uptrends and downtrends. Blue and green supper guppy means that there is a confirmed uptrend while red guppy shows a confirmed downtrend. We haven't seen the guppy flip bullish aka confirmed uptrend since the alt-season of...

JoshRager

Zoom out - the 2019 bear market could be similar if this is accumulation. Bitcoin quickly approaches the 50 Week Moving Average that held down Bitcoin back in 2015. While many call for a $6k retest, this MA along with prior horizontal resistance could hold down Bitcoin for the time being. Will be interested in seeing if the 200 Week MA acts as support if...

JoshRager

Previous bear market held down Bitcoin during accumulation at the 50-Week MA. As Bitcoin moves closer to the $5500-$5600 area resistance, we see that the 50 Week MA is very close by and could add pressure along with horizontal resistance to keep Bitcoin from pushing to $6k at this time.