tx512

tx512 Updated 

Price actions of Bitcoin is very similar to 2020. We experienced a sharp correction in March like we did, also in March, in 2020. The month of September we had in 2023 was much more bullish than in 2020. I would not be surprised to see BTC above $100k before the halving in April 2024.

tx512

Drawing from various parallels with the Bitcoin price evolution in 2020, we can observe several noteworthy patterns: The Weekly RSI recently surpassed a resistance that had held for multiple months. There is a notable increase in trading volume. Bitcoin's price has successfully broken a significant resistance level and underwent a retest, confirming its...

tx512 Updated 

Bitcoin is testing a multi-year long support line before, I expect, to go up again.

tx512 Updated 

In Blue, the price of Bitcoin in October 2020 In orange: the price of Bitcoin in October 2023 In 2020, BITSTAMP:BTCUSD continued is an incredible bull trend... This is exactly what I expect this year.

tx512

Bitcoin approaches a strong resistance with a decent strenght a few hours before the US FED updates its monetary policy.

tx512

Like Bitcoin did precisely three years ago, it tests a major support. If confirmed, Bitcoin could soar in a significant way. x10 would not be a surprise but a pleasant outcome.

tx512

Goodbye XRP

tx512 Updated 

Bear flag + decreasing volumes. The low RSI on the 4h timeframe is somehow blocking another drop for now. Once the RSI coma back to a more neutral level I expect another break down.

tx512

Pennant + decreasing volumes. I think we're going down again soon.

tx512 Updated 

BTC might bounce now at 6,350$ but I expect bitcoin to test the 6,800$ resistance level from a lower level.

tx512 Updated 

We may go up to 9500$ first.

tx512 Updated 

The probability that this happens? Low I would say. It is just one of the many possibilities. Wave 2 (in blue) is 1.618 extension of the correction (in purple) What do you think?

tx512 Updated 

BTC is still above its long term up trend and I expect BTC to come back to its logarithme curve. Log Scale ON - Weekly timewrame Log Scale ON: - Daily timeframe Log Scale ON - Daily timeframe Log Scale ON - Daily timeframe Log Scale OFF - Daily timeframe

tx512 Updated 

For a bearish scenario: Charts are showing the same pattern RSI is very high ETF decision is delayed in September The outcome of the last Congress hearing on cryptos is worst then the previous one The article mentioning insiders saying that it is almost certain that ETF will be approved are unknown or even not anymore part of the decision circle (an...

tx512 Updated 

- LTC is highly correlated to BTC. - BTC is rising - Bullish divergence - Very low RSI I'm long with LTC

tx512 Updated 

BTC -0.75% is breaking the red triangle we see in the chart. RSI is high on the 4h timeframe. Last time it was so high (early May), BTC -0.75% felt consequently. First target price: 6200$ Another sign that makes me bearish is the trend of long positions on Bitfinex (see below). It is increasing more than reasonably while the price of BTC -0.75% will not make...

tx512 Updated 

On the Bear side (4h timeframe) We see that every time BTC comes close to the limit of the descending channel drawn on the screenshot below in white BTC falls sharply. On the BTCUSD pair we did not brake the RSI trend (yet) but on the pair XBTEUR on Kraken BTC did already revealing a sell signal. BTCUSD 240 XBTEUR 240 On the Bull side (daily...

tx512 Updated 

I don't short BTC this time because I consider we are too close to a very strong support level but I am bearish on the short term. BTC almost completed the triangle pattern and RSI shows a bearish trend. I think BTC will break the triangle with a down trend move to reach a first step at 5800$ in the coming hours/days.