Juvssss

Juvssss

Hi everyone, Thank you for considering reading my idea. Please note that this is just my opinion and is just a rough pattern. It can be invalidated easily. This chart assumes 64K as the peak on April 2021 even though we created a new ATH at $69k. Please see related idea why I think that. In the chart, there are 3 colors highlighted: 1. Stop (Red) - After a...

Juvssss Updated 

This is the real photo in scale. The chart when posting the idea made the bar patterns all skewed. Hi everyone, Thank you for considering reading my idea. Please note that this is just my opinion. I think the reason why Bitcoin didn't get a blow off top (IF April was supposed to be the peak) just like what happened in 2013 and 2017 peaks is because we had a...

Juvssss

Hi everyone, Thank you for considering reading my idea. Please note that this is just my opinion, and I'm not saying that this is going to happen. These are the data from the chart using Bitcoin Logarithmic Growth Curves: Peak 1: $31.91 Peak 2: $1,242.00 after 903 days (65 bars) Peak 3: $19,804.25 after 1,470 days (105 bars) Peak 4: Around $280,000 after 2,023...

Juvssss

Hi everyone, Thank you for considering reading my idea. Please note that this is just my opinion, and I'm not saying that this is going to happen. These are the data from the chart: -- Cycle 1 -- High: $31.91 Low: $1.99 Fib Retracement Level for the Peak: 32 at $959.43 Actual Peak: $1,242 Margin: 29.45% Duration: 903 days -- Cycle 2 -- High: $1,242 Low:...

Juvssss Updated 

Hi everyone, Thank you for considering reading my idea. This is the 4 hourly chart of Bitcoin during March 2018-July 2018 and today. Looks like we are currently in the green circle below the 50 week moving average (yellow line). We have been waiting what's going to happen if we reach the 50 week moving average again. See related ideas below why. Thank you for...

Juvssss Updated 

Hi everyone, Thank you for considering reading my idea. As Bitcoin consolidates between $43k-45K, it is potential forming an ascending triangle with a target of $46.3K Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR. Cheers, Juvs

Juvssss

Hi everyone, Thank you for considering reading my idea. Please note that this is just my opinion, and I'm not saying that this is going to happen. Note that I'm mid-term bearish on Bitcoin but long-term bullish . See related ideas below. My down candle is color green while the up candle is color red. Trend lines are subjective. Some people considers a...

Juvssss

Hi everyone, Thank you for considering reading my idea. Please note that this is just my opinion, and I'm not saying that this is going to happen. Note that I'm mid-term bearish on Bitcoin but long-term bullish. See related ideas below. My down candle is color green while the up candle is color red . Who wants to see a shooting star? Well, just last...

Juvssss

Hi everyone, Thank you for considering reading my idea. People seems to be hyped up that we have a green heikin ashi candle after months of down trend. This is just to give you another perspective what could happen when Bitcoin breaks down the 50 week moving average (yellow line) and getting the first green heikin ashi candle. You should also see that we have a...

Juvssss Updated 

Hi everyone, Thank you for considering reading my idea. In the past cycles, whenever we close below at 50 Week Moving Average (yellow line), we tend to dump down to the 200 Week Moving Average (green line). It seems like closing below 50 week MA indicates the start of the bear market except of course back in March 2020 which is the COVID black swan event. This...

Juvssss Updated 

Hi everyone, Thank you for considering reading my idea. Disclaimer: The chart shown is not an exact prediction of what's going to happen on the prices. Instead, it is a pattern that could play out. ------------- Sooner or later, Bitcoin will get this relief rally and people would be optimistic. But ever since we broke down the 50 week moving average (yellow...

Juvssss Updated 

Hi everyone, Thank you for considering reading my idea. This is just an out of the blue prediction and does not mean it will happen 100%. The idea is we get a final dump, probably in the next 2 weeks to 30-31k before we reverse the trend. We should also see the RSI higher than the previous RSI which is at 20.30 to confirm an RSI Bullish Divergence. What...

Juvssss Updated 

Hi everyone, Thank you for considering reading my idea. I think we are forming a bear flag with two potential targets. Target 1: If we break down the lower line of the flag, target could be at $29,000. Target 2: If we get supported and break R1 but get rejected on R2, target could be at $30,800. Let's see if this pattern will get invalidated. Thank you for...

Juvssss Updated 

Hi everyone, Thank you for considering reading my idea. Looks like we are forming a rising wedge which is a bearish pattern. Target could be at $36,100 if we broke down the lower line of the wedge. Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR. Follow me on my Twitter as well linked below. Cheers, Juvs

Juvssss Updated 

Hi everyone, Thank you for considering reading my idea. Another Bear Flag that is related to my previous bear flag linked in the Related Ideas below. We decisively closed below the flag. Drawing a Fibonacci Retracement from 32923.45 low to 39200 high, the 2 targets almost exact or near the 0.786 and 1.272 levels. Target size are based from the previous downwards...

Juvssss

Hi everyone, Thank you for considering reading my idea. As the title says. Resistance may be also at $3,000 due to the 50 week moving average (yellow) and our previous support back in January 8-10, 2022. Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR. Follow me on my Twitter as well linked below. Cheers, Juvs

Juvssss

Hi everyone, Thank you for considering reading my idea. Before this, I had a lot of bullish analyses last year when we were at 69K but turns out to be a huge RSI bearish divergence. Please note that this is not a prediction that's going to happen in the next 6 months. Zooming out of the charts to monthly timeframe, we can see that the MACD has reversed after...

Juvssss Updated 

Hi everyone, Thank you for considering reading my idea. Using a simple support & resistance method, we can see that these two lines: SR1 and SR2 are important for Bitcoin's price action. We recently broke down the SR1. To confirm this breakdown, we need to test SR1 as resistance. The next support is at SR2. This support is also near the target area for our...