Bitcoin (BTCUSD) just completed the final consolidation phase (red Rectangle) that as per the price action of past Cycles, is the final stage before the 1-year rally to the new Top. As you can see alt coin market (black trend-line) tends to bottom after Bitcoin's rally has already started and when it turns sideways again for a few weeks. Technically alts make...
BTC production cost doubled during the halving. This is part of why I think it will be very difficult for price to be suppressed for very long. Smart miners simply would not allow any additional supply to be released far below this price. The best miners have cash and BTC reserves as well. This wedge should break to the upside soon, if not the cycle will go MUCH...
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...
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...
Greetings Traders, I wish to update you on my stance regarding BTC. Kindly refer to the attached video for insights into my current perspective on BTC and my forthcoming price projection. Please be reminded that trading crypto carries inherent risks, and this information does not constitute financial advice. Best regards, Lord Medz
...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.
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As I mentioned a few days ago, BITSTAMP:BTCUSD has broken above the descending resistance level of its downward channel. This breakout could signal the end of the recent correction. Following the initial climb to the critical horizontal level at 65k, Bitcoin experienced another drop, testing the previously broken resistance level, which this time acted as...
BTC is trending on a downward chanel. The bottom of chanel is at $50K. Not a financial advice.
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...
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...
Bitcoin is an invention designed to grow forever as long as we live. If you see the same vision, don't forget to support the analysis. I'm releasing UPDATE2 earlier than planned because today the channel reached *666* followers. The analysis is set for long-term updating. It doesn't matter if the price is 70k or 50k as long as you see the big picture. The world...
█ Adapting to the New Norm: How Traders Can Thrive in Evolving Markets The world of trading is perpetually dynamic, with strategies that once dominated the market becoming less effective as both investors and technology evolve. A recent comprehensive study titled "How exactly do markets adapt? Evidence from the moving average rule in three developed markets" ...
Structure has broken the wedge and now trending downward within the channel. So we see a decrease in transactional volume. It seems that a historical pattern is repeating itself from a previous cycle, mostly due to monetary policy involving an interest rate cut. if a similar scenario plays out, we might witness Bitcoin dropping to a low of 52000 "Thank you...
Bitcoin Price Hits a Month's High, Breaking Key Resistance Yesterday's release of CPI figures suggests that inflation is slowing down and a rate cut could be on the horizon. This weakened the dollar and boosted the value of assets priced in dollars, including BTC/USD. As a result, the price of Bitcoin hit a May high. Meanwhile, there is sustained demand in the...
3 possible price ranges. I won’t say if price will actually get there: this will most likely be a BULL TRAP. View red trend-lines created by smart money manipulation: realize they move according to the red trend-lines. They have disregarded their ORDER BLOCKS and pattens. Thats because of the BEAR 2MO TF. Please, I will not expect miracles. GETTEX:59K is...
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...
Bitcoin (BTCUSD) is trading within the Rally Channel (green) with the price having already reached its bottom, making the 2nd Higher Low of the pattern. This is the very same pattern that emerged in the previous Cycle after the Growth Channel Up and took BTC to its new All Time High (ATH) at the time. Both Growth Channels had a crash event below them, the...