It's been a long while since I posted one of these so here goes!
This is an updated monthly overview on the idea path for the Halving event, many people have their opinion and they have some great points to where it may or maynot be headed. So here is my entry to where it may likely start the full process for the halving to work it's way to the 120k or 200k range.
Please be respectful in the comments and happy trading.
It took sometime to create the paths for it but here is my thoughts on the event, expect to drop as low as 50k to 45k up until june 1st. that's when the possible buildup for the event will take place. the market has to count all the orders but likely they'll be some great resistance to prevent further bleed-out but likely will fall to the 50k BTC - .00001200 for shib, before suddenly skyrocketing to the 70 - 80k or 90 to 120k as told by the events amount to be expected is 120k.
Note: it will either sit there for a short time before falling back to the 80k - 60k - range while resistance will be present the price correction will be a straight flat line to the lows of possible 20k to 10k BTC levels. this is due to Whales making a "sell all play" on BTC and shib cashing in on the millions obtained, and much of the market will likely do the same, as they see a new type of crypto winter. take over the market until early september 2025.
This is only speculation but this is also from experience with both cryptos the whales will make that sell-off happen and it will be painful to everyone holding come sept 9th this year.
So buy which crypto you want around June or now if you like, hold for the time being and wait for the event to build from the fresh entry it takes about a month or even two months to see results.
The only thing that could delay or derail this - would be if the Federal Reserve Bank decided to do price hikes within the months of June and October 2024, hopefully that won't be the case.
BTC WEEKLY CHART Halving event.
www.tradingview.com/x/YHgySbhw/
I hope this helps answer any of your questions.
This is an updated monthly overview on the idea path for the Halving event, many people have their opinion and they have some great points to where it may or maynot be headed. So here is my entry to where it may likely start the full process for the halving to work it's way to the 120k or 200k range.
Please be respectful in the comments and happy trading.
It took sometime to create the paths for it but here is my thoughts on the event, expect to drop as low as 50k to 45k up until june 1st. that's when the possible buildup for the event will take place. the market has to count all the orders but likely they'll be some great resistance to prevent further bleed-out but likely will fall to the 50k BTC - .00001200 for shib, before suddenly skyrocketing to the 70 - 80k or 90 to 120k as told by the events amount to be expected is 120k.
Note: it will either sit there for a short time before falling back to the 80k - 60k - range while resistance will be present the price correction will be a straight flat line to the lows of possible 20k to 10k BTC levels. this is due to Whales making a "sell all play" on BTC and shib cashing in on the millions obtained, and much of the market will likely do the same, as they see a new type of crypto winter. take over the market until early september 2025.
This is only speculation but this is also from experience with both cryptos the whales will make that sell-off happen and it will be painful to everyone holding come sept 9th this year.
So buy which crypto you want around June or now if you like, hold for the time being and wait for the event to build from the fresh entry it takes about a month or even two months to see results.
The only thing that could delay or derail this - would be if the Federal Reserve Bank decided to do price hikes within the months of June and October 2024, hopefully that won't be the case.
BTC WEEKLY CHART Halving event.
www.tradingview.com/x/YHgySbhw/
I hope this helps answer any of your questions.
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Comment:
Also a closer look at the possible path it might be taking in this coming crash.
BTC 1 month
www.tradingview.com/x/zMkxPXjg/
BTC 1 month
www.tradingview.com/x/zMkxPXjg/
Comment:
Major update.
BTC has finally changed color from red to blue.
This is great news for BTC holders and would be investors indicating resistance and high closing day rates, if BTC can close out on Sunday
4/21/2024 at 64k or better, it will alleviate the crash from falling below 55k in the coming month - we are still currently heading towards that range due to consolidation.
I have mapped out potential spots and
dates for buy-in's but please keep in mind we are still crashing
to the 55k 50k range by May 16, unless the bulls rally the market back
every 60k crossing, it is still a risky buy until the 24 hour chart is clear of the shorters buying zone. Until May 17th and May 30th if resistance fails to hold 55k.
Goodluck and Happy trading.
24 hour chart / weekly chart overview
BTC has finally changed color from red to blue.
This is great news for BTC holders and would be investors indicating resistance and high closing day rates, if BTC can close out on Sunday
4/21/2024 at 64k or better, it will alleviate the crash from falling below 55k in the coming month - we are still currently heading towards that range due to consolidation.
I have mapped out potential spots and
dates for buy-in's but please keep in mind we are still crashing
to the 55k 50k range by May 16, unless the bulls rally the market back
every 60k crossing, it is still a risky buy until the 24 hour chart is clear of the shorters buying zone. Until May 17th and May 30th if resistance fails to hold 55k.
Goodluck and Happy trading.
24 hour chart / weekly chart overview
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Hola BTC fans a major update - Today is the speech we've all been dreading by:
The Federal Reserve Chairman - Jerome Powell and as I also predicted in the panel above on May 2, just one day off and the crash came a lot sooner than expected,
If today's speech by the federal reserve chair on interest rates and if the US should see interest rate hikes for the coming year, it will change the course of the 100k run for Bitcoin/BTC, IF and only IF this ends up being bad news from Jerome Powell all around.
If today's speech by the federal reserve chair is good news no price hikes - then the price of BTC will continue to fall until close to May 16, 2024 - possible run back to 60k, but be advised, the monthly chart on BTC is now officially in a downtrend position - so now even that may not be a likely scenario as the month progresses.
Once the decision has been made I can remap the 100k chart as either a possibility to happen or a closed case to not happen this year. As there are serval other factors playing into the downtrend we maybe experiencing and not just because the Halving event has a retracement before the rise. There are a lot of factors currently playing against the crypto market and we may see a harder crash to the lower 20k if today does not pan out well with the Fed speech.
We have another 4 hours before the speech takes place so bear with us for more updates on the situation from The Federal Reserve.
The Federal Reserve Chairman - Jerome Powell and as I also predicted in the panel above on May 2, just one day off and the crash came a lot sooner than expected,
If today's speech by the federal reserve chair on interest rates and if the US should see interest rate hikes for the coming year, it will change the course of the 100k run for Bitcoin/BTC, IF and only IF this ends up being bad news from Jerome Powell all around.
If today's speech by the federal reserve chair is good news no price hikes - then the price of BTC will continue to fall until close to May 16, 2024 - possible run back to 60k, but be advised, the monthly chart on BTC is now officially in a downtrend position - so now even that may not be a likely scenario as the month progresses.
Once the decision has been made I can remap the 100k chart as either a possibility to happen or a closed case to not happen this year. As there are serval other factors playing into the downtrend we maybe experiencing and not just because the Halving event has a retracement before the rise. There are a lot of factors currently playing against the crypto market and we may see a harder crash to the lower 20k if today does not pan out well with the Fed speech.
We have another 4 hours before the speech takes place so bear with us for more updates on the situation from The Federal Reserve.
Comment:
10 minutes left will update you on the next move.
If it is good news of no interest rate hikes be expecting a fast run to the 60k or more within the next hour.
If it is bad news of interest rate hikes be expecting a crash within the next hour or so and a battle between bulls and bears as buyser become sellers and vise versa.
Will update you on map paths and possible changes as the day progresses.
If it is good news of no interest rate hikes be expecting a fast run to the 60k or more within the next hour.
If it is bad news of interest rate hikes be expecting a crash within the next hour or so and a battle between bulls and bears as buyser become sellers and vise versa.
Will update you on map paths and possible changes as the day progresses.
Comment:
Good news no rate hikes at this time, but words of possible cuts come December is on the table, so Dec will be the target date so we stay the course - however I must put December as a factor so give me about 1 hour to formulate the paths I will post them soon. Among other sighting of the 3 month chart But it's good news we stay the on the current path to the 100k
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The path will continue we may see a price run for the 70k on the 17th of May if not sooner, this is good news all around. However we will still be in the process of crashing to the 55k - 50k range prepping for a run to the 80k as originally mapped.
However there are some issues coming around December 2024 - this is located on the 3 month chart and possible large crash is coming around 2024 perhaps early 2025. So hopefully we'll be ready for that coming soon.
3 month chart potential crash coming around.
However there are some issues coming around December 2024 - this is located on the 3 month chart and possible large crash is coming around 2024 perhaps early 2025. So hopefully we'll be ready for that coming soon.
3 month chart potential crash coming around.
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Update on the status of the 24 hour chart.
May 10, 2024
We are nearing the trendline heading into the downtrend zone of the indicator path, So there are only two options for traders to look out for, here BTC will likely be heading to the lower 50k range as announce on April 21st, currently holding at 60k - we have some good signs on the weekly chart of a possible 3rd run to the 80k range. That is only if the 24 hour chart closes on a green line under the trendline crossing and must have a short couverture indicating heavy resistance that will convert into a bull market run to the 80k/100k.
However; if the line becomes completely white over the trendline crossing it will continue to crash past the 50k range to the lower 45k and holding. We won't know until May 14th which way it may lead, for now resistance is holding will update you on may 13th of any further changes.
24 hour Chart update
May 10, 2024
We are nearing the trendline heading into the downtrend zone of the indicator path, So there are only two options for traders to look out for, here BTC will likely be heading to the lower 50k range as announce on April 21st, currently holding at 60k - we have some good signs on the weekly chart of a possible 3rd run to the 80k range. That is only if the 24 hour chart closes on a green line under the trendline crossing and must have a short couverture indicating heavy resistance that will convert into a bull market run to the 80k/100k.
However; if the line becomes completely white over the trendline crossing it will continue to crash past the 50k range to the lower 45k and holding. We won't know until May 14th which way it may lead, for now resistance is holding will update you on may 13th of any further changes.
24 hour Chart update
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Update, possible bull run to 70k, I'm monitoring the status now, whale pump do to inflation news.
It's questionable if it will remain high, the inflation did pump the price rapidly, there maybe a bull run coming however, on the 4 hour chart, it's showing major signs of pumping action that might give BTC the price jump it needs to turn into a bull run.
However this may not help save the price in the long run after May 17, likely bleed-out back to the 60k if it continues, look out for the time frames of 18:00 est for the next 2 days.
current 4 hour chart
It's questionable if it will remain high, the inflation did pump the price rapidly, there maybe a bull run coming however, on the 4 hour chart, it's showing major signs of pumping action that might give BTC the price jump it needs to turn into a bull run.
However this may not help save the price in the long run after May 17, likely bleed-out back to the 60k if it continues, look out for the time frames of 18:00 est for the next 2 days.
current 4 hour chart
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Comment:
24 Hour chart update
We have crossed the trendline and are now on the green issue is however; the 8 hour chart is showing signs of crashing, but can be reversed with enough closing days on a high of 65k or more, be advised it is in a downtrend position on both the 8 hour and 24 hour, be watching for continued pumping for the next few days then a possible pull back hopefully in a upward trend position on the 24 hour chart, which means a buy call for those waiting for a long buildup.
24 hour chart update
We have crossed the trendline and are now on the green issue is however; the 8 hour chart is showing signs of crashing, but can be reversed with enough closing days on a high of 65k or more, be advised it is in a downtrend position on both the 8 hour and 24 hour, be watching for continued pumping for the next few days then a possible pull back hopefully in a upward trend position on the 24 hour chart, which means a buy call for those waiting for a long buildup.
24 hour chart update
Comment:
Comment:
So signs of early bull run to the 70k - 80k on the 4 hour chart and the 24 hour chart has crossed the trendline indicating we are officially in a downtrend, however; the inflation which did pump the price rapidly, may or may not see a price pull back either today or until the 17th, as it's showing major signs of pumping action that might give BTC the price jump it needs to turn into a bull run around June 1st.
So look out for the time frames of 18:00 est for the next 2 days if it does not remain at the 62k-65k range we will crash to the 55k or lower by the 20th.
Will update you as it progresses.
So look out for the time frames of 18:00 est for the next 2 days if it does not remain at the 62k-65k range we will crash to the 55k or lower by the 20th.
Will update you as it progresses.