Long term bullish bias on the dollar index.
A daily ICT Fair value gap is revisited at a discount price.
The low on 18/10/22 is swept out.
on a lower time frame at 8:30 (GMT-4) you would look for the same thing to occur, a short term low to be swept, around the 8:30 news, and then anticipate a bullish market structure shift where your entry would be at a discount...
If bitcoin continues to go sideways, as it has for the past 2 weeks, it will eventually hit the trend line (all time high, november 2021). It will bounce off and dump to the -0.382 or the -0.5 level as those were the previous levels in the past.
BINANCE:BTCUSDT
Greetings everyone, do you think that the world's leading cryptocurrency, as you can see from the bear season, can see a big decline in difficult economic conditions, do you think that the bull season is at the door ? , let's watch and see if we can see strong breaks or if the decline will continue.
if we can see a break above the key level, a...
My continued Bitcoin analysis gives me great indication that the Digital King has yet to reach its regional bottom.
$32.7-8 is expected to be a very key range as for resistance.
Based on Elliott Wave Theory and Fibonacci sequencing, $22K-$25K are also expected to be key levels of support.
All indications are based on the science of price action! No other...
Based on recent and continual analysis of Bitcoin, I believe that an upside trip to $32070 is minimally required (based on my perspective of the Elliott Wave count). This will serve as the final resistance level before Bitcoin takes an anticipated dip to $24K. From here, the crypto world will re-enter the "BTC to $100K" mindframe but that may become a troublesome...
Luna Bulls have limited opportunity to defy perceived price action and claim a higher high (above $106). Without a deviation from expected PA, all signs point deeply to the south. If traders find themselves attached to the asset rather than their profits, it could be a very painful journey down to $4 (no typo).
Based on historical and recent Bitcoin analysis, it is yet my expectation that Bitcoin will drop another 25% before Bulls regain lasting momentum.
Barring a clean break above $43.5K* (this level would invalidate downside).
Grab a board. Let's surf.
Based on recent and continued analysis of BTCUSD, I expect that Bullish traders are to delay the drop and force PA up near $43K. The overall expected pattern at play has not changed however it could but only if we break above $45.5K (orange line).
Bearish traders should enjoy yet another sizeable 20%+ retracement, so long as the orange line does not break. This...
Based on my current and recent analysis of the Bitcoin Wavemap, I believe that Bears are finally due to hibernate. Just when the many of the Bulls have turned into Bears.
We surf.
Using historical BTC drawdowns on the weekly charts, I calculate a simple average duration and drawdown percentage based on the starting point of the bearish LMACD cross and again on the first bullish LMACD crossing, and use the historical averages in duration and price drawdown to estimate potential scenarios for a similar drawdown position here.
Alt-season > bear season, that's the plan. When BTC ranges, alts fly. Remember to take profits and reap as much as you can.
a near 6000 USD BTC is possible.
Based on Elliott Wave analysis and what's determined to be the most likely outcome for Wave 4, I suspect that we're currently in the 1st of 3 phases for the total completion of the Wave 4 correction.
Typically, a primary Wave 4 will retrace down towards the zone of the previous sub-wave 4 (aka Wave 4 of primary Wave 3). In Bitcoin's case, Wave 4 of Primary 3 is...
618-65 / previous 382 rejection
Ascending wedge / bear flag
Inside a bearish Descending Triangle
With bearish divergence on RSI
Why are people bullish?
BTC is inarguably in a strong bearish trend ever since the bubble popped at 20k.. we're seeing lower highs and lower lows with no reversal in sight.
We have been bouncing up and down off the descending triangle for the past couple months and I believe a continuation in this trend is highly likely.
My next target on the ride down is ~5700 as that has proved...
Dears,
O Bitcoin depois de ter rompido a LTB e que sem força e voltou abaixo da linha e acabou perdendo força compradora deixando somente um topo duplo. Depois de uma semana de queda forte o preço testou e perdeu suportes importantes encontrando um ponto de suporte proximo a retração de Fibo em 61.8% e acabou por fazer um pequeno "pullback" que acabou devolvendo...
