Bitcoin still is in a Bear cycle and we will continue to be during 2023. Yes, there's going to be rallies but they won't last much. As you can see in the graph, the current situation for Bitcoin in an Elliott Wave count is on a corrective pattern consisting of a A,B,C,D,E (5 wave) bearish diagonal. We'll see how it creates that pattern during this year, in...
Today our main goal is to inspire you with positive thinking, because there is too much negativity in the market. Therefore, immediately a spoiler: "who will not give up and stay in the cryptocurrency market, they will be happy in the future" To begin with, the current fall of the cryptocurrency market is directly linked to the possible bankruptcy of FTX. But...
TOP ACHIEVED We are now about to witness a flurry of bad-news up 'til March (the final bad news) to end the space's bear trend. Volume of trades will define the market, don't put your eyes on the price.
I originally posted this back in June, it looks like we're following the green line pretty closely. The next time the pi cycle top indicator goes off I expect us to go into a serious bear market. Be ready.
Our BTC priority scenario again led to the previously stated $17,513 targets. There is every reason to believe that the upward wave b is over. The next move in Bitcoin is a down wave c that could take Bitcoin prices below $15,000. We’ll not make hasty conclusions, but wait until the $17028 level is broken. In this case, it will be possible to consider that the...
Hello, my friends! The largest Bitcoin bear is here. Today I found the Elliott wave formation which gave me the high confidence that BTC will dump hardly next couple on days. Let’s take a look at the 1h time frame of the WHITEBIT:BTCUSDT chart. Here I am going to show you the local sub wave 3. It consists of the 5 waves. Wave 2 was represented as the triangle...
In this update we review the recent price action in BTCUSD and identify high probability trade locations and price objectives to target
Bitcoin has broken above the neckline resistance of the small double bottom. Next target could be 18k with a break here exposing 21k resistance
Chart is self explanatory. Price has historically taken off months after each halving
BTC Bitcoin tends to follow the stock market in price movement. U.S. stocks tend to rise during the Santa Claus rally period. The Santa Rally is considered the last five trading sessions of the year and first two of the new year. Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%. My price target...
In this graph I explained if Bitcoin cheap or expensive for long term investment (5-10 Years).
Bitcoin /USD trading in Descending Channel pattern. According to chart pattern analysis we might see upside in Bitcoin/USD towards resistance level of channel pattern at 17950. long trade can taken with stop loss as shown in chart. trade with stop loss and own capital risk management. views/opinions are welcome to discuss
Our priority scenario in BTC is the completion of wave (c). The uptrend is over or almost over. $17513 is the next possible reversal target. If the price of Bitcoin falls below $17028, we can consider that the downward wave (c) has begun, and we can determine short-term targets in BTC.
The chart is pretty straight forward. Presuming we dip down in price due largely in part to the anticipation of CPI results; I'm of the mind that we will tap bottom of the current local ascending wedge , and then build a strong momentum upwards out of the current local trend and at least to the first point ive marked tp1. I am assuming in this scenario, that the...
This week I predict another selloff in the stock and crypto market after the CPI report on January 12. My price targets for Bitcoin BTC are: BTC/USDT short Entry Range: $17100 - 17300 Price Target 1: $16400 Price Target 2: $15990 Price Target 3: $14990 Stop Loss: $18550
Using this 3day candle chart: For years now many people only use the NVT Indicator as a buy for Bitcoin and today we have a confirmation that it has turned bullish since November 2022. If we close like this or higher on the weekly the NVT will be bullish too and this is just another indicator of the bottom being in on top of the 7 mentioned last week. Read my...
Hello Traders, Hope you all are doing good!! I expect BTC to go Down after finishing the 4H correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
Interesting chart showing potential new up-trending channel for Bitcoin. To me, it looks and 'feels' like the bottom is in, coupled with an Alt-coin rally, as the AltPerp Index is showing clear signs up trending up. Also ETH.D is holding the line in it's uptrend that started back in Nov of 2019, and USDT.D which is inversely correlated to crypto prices, is...