Bitcoin reached its all time high of $73,800 before experiencing a decline to the support range of $57,739-$56,132. However, it later increased by over 15%. The price is currently following a downward channel with no breakout yet. If it can break out and close above the channel resistance, it may reach the resistance level of $74,000 again. If the trend...
Hello, dear friends! Much has been said about Bitcoin cycles, and you've seen many charts, including mine! But today, I'll summarize everything that has been said before: briefly and clearly!So... What Defines the Bitcoin Market Cycle? The Bitcoin market cycle signifies the repetitive trend of price movements within the Bitcoin market, marked by alternating...
Bitcoin (BTCUSD) has seen a major buy signal getting triggered at the end of last month, that few are aware of. Our dominant circulating liquidity + High Yield corporate bonds formula (black trend-line) made a bottom and is rebounding, while BTC has been consolidating/ marginally pulling back. Every time this combination took place in the past (green circles),...
Hello, traders and investors!🫶 I'm glad to welcome You to my page! Today I wanna share with You a possible key to understanding Bitcoin's movements. In the world of finance, there are often questions about why asset prices behave the way they do. Some seem chaotic and unpredictable, but there is always a certain logic behind them, the main thing is to want to see...
It's Really this simple...targets could be higher but this should cover our next impulse leg which I assume will take a few months...If $56,499 breaks I'm wrong.
Chart displays the continuous Wyckoff Accumulation and Distribution cycles chained together. Any trader can check the levels and will agree. If this trend continues, then BTC may see 50k to 52k levels by the end of May 2024. No trading advice, but the pattern has been going on since the beginning of March actually. Accumulation and Distribution.... again and...
"Immersive deep dive into an ocean of quantum bubbles, an endless stream of potential universes, which could seem it stretches to infinity, simulated by a quantum computer, a gift from an ancient alien civilization that has survived not one, but 3 black holes." Simple project, with all elements being potential support and resistance zones for the intraday hungry...
According to the weekly close, the expected trend for this week is bullish. Look at my previous analysis and you will see the roadmap. But currently, if you lose the area we are in, the next point to look for purchases is the marked area. I already warned that it was advisable to get out of the lengths.
...the latest action always takes priority. We didn't get the low volume weak retrace to 60-61k. Smells more like a spring than a lpsy. If true, then it was accumulation after all, as hard as it is for me to believe. It is what it is. The next retrace will be quite telling, aka the test. If its a weak dump, then it's worth a long.
BTC is trending on a downward chanel. The bottom of chanel is at $50K. Not a financial advice.
Hello. As you can see, Bitcoin failed to break the Ascending triangle in its last attempt, and now it is making a fourth downward wave based on Elliott , and than we have to wait for Bitcoin's rise. 👀To motivate me ,Like ❤️ & Share 🌐 this post with your friends ! Thanks for your support ♥️ ⚠️Things can change... The markets are always changing and even with all...
Of course, here is the translation: In the monthly chart of the Bitcoin cycle, there has been a correction of approximately 30% at the first touch of each black average, and we are currently experiencing this correction. For the continuation of the bull market, it will be sufficient not to close the month below the green average. The green line is the support...
It seems that big push to 65500 was just a trap, as expected. We are still on track with my previous idea forecasting BTC to consolidate around 52000 to 54000 for the next 2 months, until July. As you can see on the 2H chart, we experienced a failed inverse head and shoulder pattern. Price target is 53500 cents within the next 7 days. Remember, patience is paramount.
Everything makes sense to me again. This has been distribution all along. Institutions are not going to let retail long and make money this easily, its always the other way around. This idea that resonates with me the most. I've tried numerous attempts to paint a long picture but each time something feels a little off. But zooming out to the daily and labelling a...
BTCUSD is neutral on its 1D technical outlook (RSI = 49.966, MACD = -901.100, ADX = 24.861) as it is trading inside the 1D MA50 and 1D MA100. This squeeze is taking place while the Inverse H&S is forming its Right Shoulder. The 1D RSI is trading over the MA level, which is the same price action as the Inverse H&S of January. If it crosses over the 1D MA50...
Hello. As you can see, Bitcoin failed to break the Ascending triangle in its last attempt, and now it is making a fourth downward wave based on Elliott , and than we have to wait for Bitcoin's rise. 👀To motivate me ,Like ❤️ & Share 🌐 this post with your friends ! Thanks for your support ♥️ ⚠️Things can change... The markets are always changing and even with...
Hey guys and girls, Here is an updated chart from my (Nov 12, 2023) post As you can see, this is only half of the battle! Further targets: $ 74k, $ 84k, and $ 100k Appendix: Structure: 5-3-5 (Inverted) Bitcoin halving countdown: 49 Days Technical Section: Wave 5 has two different relationships: 1- If wave 3 is less than 161.8% of wave 1 -----> the...
The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band. Bitcoins entire history has been on the upper band of this log and in...