Bitcoin Chart in my expectation: - The pattern of cup and handle: The cup and handle pattern is a bullish continuation pattern often seen in price charts. It consists of a rounded bottom (the cup) followed by a smaller consolidation period (the handle) before a breakout to the upside. The target for the cup and handle pattern is typically measured by adding...
I wanted to quickly highlight my biases over time for BTC. It does seem like I cannot accurately predict the tops and am pretty much a permabull. However recently I have gotten better at predicting local tops. I was bearish at 70k, but held onto my bullish bias because I was long from 38-44k and thought price would revert back to bullishness much earlier than at...
if someone tell you BTC is overbought. show him that monthly chart.. and this target is very conservative. Happy Tr4Ding ! Special made for Babitos Koksalitos !
The price confirms that it has reversed the bear market of 2022. We already knew this thanks to the analyzes of the lower time frames. With the engulfing bear not yet confirmed, the price draws a new price structure above the previous ath on a monthly timeframe, I know this is something we have already seen, but now we have the full picture and it is not something...
Overview of previous macro cycles. Repeatedly going from all time high to golden ratio 1.618 of previous cycle peak, and peaked around 2.272 in the new cycle. Now finding support at 1.618.
#Bitcoin Log Regression 👀 The orange line, as in the previous cycle, offers strong resistance. 💡I think CRYPTOCAP:BTC will stay at the current mark for another month. After that, we go to the correction, most likely it will not be a deep correction, but rather a consolidation. This is indicated by overbought and seasonality. ⛏️ And also the capitulation of...
Hi All Been a long 2 years. Can we have few more months for "stacking" before the substantial move upwards? What do you think? Thnx jad
If BTC makes a corrective move up and re-tests this region as support - this is what we think could happen. The tops/bottoms are never 100% accurate and change as market dynamics change - but this should give us a rough idea.
To show you how an 5th wave extension looks like we need to look back to the bullrun of 2015 Bitcoin started the move in 2015 with an impulsive move into wave 1 Then a sideways flat correction ABC into wave 2 This created the Base Channel, when the price breaks out of it, wave 3 has started Once wave 3 ended we corrected and held support on the Base channel in...
This is about an authentic Bitcoin halving index. We place the prices between the halving dates at a common starting point. But what makes this index more credible? I’ve seen many similar indexes, but none of them were properly constructed. Satoshi Nakamoto mined the genesis block on January 3, 2009. This date marks the beginning of the Bitcoin network....
Current highest probability scenario for BTC. In this sequence I believe that Bitcoin is more likely to push for a liquidity sweep above the ATH till September, before plunging to the 5k-8k target (currently estimated to be reached in 2025) In general, this is not a bull market move, but a higher order corrective structure. As before, I continue to anticipate...
See my TA on BTC for the next few months. Nice opportunities coming if you trade correctly.
based on uptrend length since 2022 bottom we are at a point comparable to the 2016 dip coming out of the 2015 bottom. Price might wick to 50k and bounce back to 60k fast so I would bid around 51 now.
Hey Tradingview. As my posts have really become sparse, I tend to only write when something pretty significant occurs. Right now, Bitcoin has made it all the way from $15.5k, back up close to its all-time-high from 2021. That's a pretty substantial feat. What it proves is that if a thing exists that can make money, people will buy it. Even if I write a...
I Will Sell When BTC Touches 2YMA (Black Lines) And The PI-Cycle-Indicator Marks The Cycle-Top. Pi-Cycle-Top Will Trigger When The Red Line Crosses The Blue Blue. Is It That Simple? Why Not?
(originally written October 2023) Bitcoin has dominated headlines iover the last decade+. From a logically defying concept crafted by Satoshi Nakamoto, to a collectively embraced path towards the future, the world’s first cryptocurrency is undeniable. Unless you’re Warren Buffet — or Horus. From humble beginnings at $0.01, at its fairly recent all-time high near...
Disclaimer: It's been really hard to count the waves since the start of 2023, not helped by erratic political and geopolitical movements. These counts are based on super-basic Elliot Wave rules: - 5 wave movements (3 impulses, 2 correctives) - Wave 2 is never a triangle, often retraces 61.8% - Wave 3 is never the shortest, often the longest - Wave 4 is opp in...
Hello, everyone! Lately, the crypto world has been buzzing with events, and you've probably heard about the latest news from dozens of Telegram channels. Against this backdrop, I've decided to refresh my idea regarding cycles based on the Bitcoin halving principle. In my opinion, we've completed the distribution phase and are entering a new phase that everyone...