I think there might be another chance for a last fakeout down to the 37-36k region. BTC bounced off the POC of the ascending traingle.There is still too much fud going around with the Ukraine Situation, to be expecting a big jump to the upside. So a small drop would be most likely. I expect a strong support at the green box. And maybe the final push to break the...
Here I present to you, my idea of the potential bottom for BTC which would be around the $29,000 mark. On the weekly timeframe log chart, Bitcoin is still in its uptrend. It tested the 0,618 fib level already, and might go for another retest. This would be in confluence with the upward sloping trend line and the 200W EMA. This could lead us into a bear market till...
Hey guys! Despite the bearish sentiment I think Bitcoin's small correction is just the 4th wave of the Elliot Wave cycle. Notice BTC has still a little bit more to correct, possibly to the 0.618 Fib Level, which is perfectly in alignment with the upward sloping support. Also, it seems like BTC is in this falling wedge, with a price target of approximately 70-...
Hi guys, I have found something crazy in the Bitcoin history. As you can see there is a strong resistance line, which is holding for more than 10 years. The resistance line meets on the ATH of 2011, 2013, 2017 and 2021. But as you can see everytime we hit the resistance line Bitcoin got rejected and had a massiv correction. What you also see is that everytime we...
Expecting Breakout to the Upside, notice falling Volume + falling Wedge pattern.