Beware, there is a high risk of Bitcoin dump in the next few days. Of course, I could be wrong, as I'm no soothsayer and I've made mistakes in the past, but I'm relying on a predictive model I've been developing for the past three years, which has become very reliable in recent months. To sum up, my model gives me a cycle top below $100K, a 30 to 40% dump this...
Latest update of my Bitcoin predictive model: in the coming months, BTC will make one last rise followed by a fall to the major pivot.
- crypto hype at its peak (euphoria) - F&G index in extreme greed - new ATH announced in mainstream media - too many winners in the market for months - vertical price rise since 40K - momentum indicators in overbought zone for weeks - several bearish divergences in TF4h - downward trend in recent days - the price action has broken its bullish oblique - the renewed...
In the coming weeks, MicroStrategy will suffer from the trend reversal in the crypto market and the decline in Bitcoin.
In the coming weeks, Galaxy Digital will suffer from the trend reversal in the crypto market and the decline in Bitcoin.
In the coming weeks, Coinbase will suffer from the trend reversal in the crypto market and the decline in Bitcoin.
Strong support (major pivot) and bullish technical indicators.
- huge bullish divergences - golden cross (weekly MA) - double bottom (daily TF)
Unlike the previous cycle, I expect a new bullish cycle with a single peak. This is the result of a predictive model that I have been using successfully for several months (see my previous analyzes in TradingView).
- golden cross between MA50 and MA100 - MACD bullish divergence - end of cryptos bear market
- triple top - death cross (3D MA) - bearish divergences - disparity index resistance
Here's an update of my previous ideas. Reminder of bullish factors: - bullish pattern - golden cross - bullish divergences - end of the big falling wedge (throwback completed) - historical technical supports (Price, MACD , Disparity Index , RSI ) - blue pill (Hash Ribbons indicator) - bottom found (Puell Multiple indicator) - reversal signal (Network Value to...
The upward structure of the price, begun in January, accelerated sharply this week due to a validation of spot Bitcoin ETFs probably at the beginning of 2024. A throwback to the major pivot zone of 31K is expected before continuing the rise.
Last year I announced the bottom of the cycle, this year I give you the next ATH and the next bottom.
- golden cross - increasing volumes - bullish divergences - end of the big falling wedge (throwback completed) - historical technical supports (Price, MACD , Disparity Index , RSI ) - blue pill (Hash Ribbons indicator, not in this chart) - bottom found (Puell Multiple indicator, not in this chart) - reversal signal (Network Value to Transactions ratio, not in this chart)
- strong resistance around 340 - bearish divergences - bearish S&P500 (coming recession)
Bullish backdrop due to lower production and bullish technical factors.
- triple top - death cross (daily MA) - huge bearish divergences - growing competition in this market - Musk's behavior in managing his business