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.
Long into post-Halving breakout coming out of oversold condition on Daily/Weekly timescale
trend continuation signals on 4h and 1D timeframe via hidden divergences 9:1 R/R with 45% TP / 5% SL
Short from $68.7 with tight stop above $70k Interest rates are not getting cut as everybody expected. Now first cut telegraphed earliest in June. Fed is keeping it's powder dry to be able to cut after a crash.
An ending diagonal occurs primarily in the fifth wave position at times when the preceding move has gone “too far too fast,” as Elliott put it. They are found at the termination points of larger patterns, indicating exhaustion of the larger movement.
Hidden bearish divergence on the 1-4h RSI inside a developing 3-day downtrend from a new ATH
trying high R/R short with stop above last ATH with target mid 40s
Short BTC here at last ATH as it's unlikely to make new highs without interest rate cuts from the FED. Price should correct to mid 40s
Momentum Long with 6% Stop-Loss and target at 100k
Price hit resistance at last ATH and is likely to correct and retest last support levels
Macro: No high inflation likely during next 4 years of Republican term. No reason for Bitcoin to breakout to new ATHs yet. If it's not going up, it's probably going to retest the lows instead of being stable (to push for max pain). Technical: ETFs provided exit liquidity for smart money
Rally to continue up to 60k psychological level before a full retracement back to 43k
mean-reversion type short to correct back to slower underlying uptrend
Price still hasn't broken through the smart money sell zone (0.786 retracement level of 2022 downtrend) despite bitcoin ETF inflows. Indicating smart money selling. Target 20k
Entering Short at 42,900 for a 15% dip down to 36,170
entering long at 41.8 after substantial wick sub 40.0 on a now green weekly candle.
The halving in April 2024 will serve as catalyst to trigger the active hidden bullish divergence in RSI vs. the all-time monthly log chart resulting in a 2-year rally up to $750,000 by end of year 2025
Entering short into bounce and hidden bearish divergence on 4H RSI