I do believe that the trend line we are currently on, eventually will break, but when? We are currently testing it with this drop in June of 2022. In my opinion if we break this trend line in the near future (RED) then we will obviously drop much lower possibly even breaking 10k. If not, I see either a retracement (BLUE) then dump and go lower. Or, hit new highs...
So here we have The CM ultimate Moving average MFA on the 2 week time frame with the PI Cycle Bottom. On the bottom we have the Stochastic RSI. Combining these three indicators is showing a very powerful case for the bottom being in and that we will in the next few weeks flip bullish. The interactions of these indicators go back all the way to 2011. The PI cycle...
Bull theory – Bottom is already in for Bitcoin INDEX:BTCUSD There are severeal technical indicators and measurements that suggest it could be. Firstly, the 50-week MA already crossed the 100-week MA. Each time this occured, the bottom was already in, both times as the weekly RSI dipped into oversold conditions. The price behavior has also been similar to the...
The time to build mountains in the landscape has come again. Looks like clear skies could be ahead for the next few months into the summer. This is not meant to be financial advice. The work has already been done. When climbing mountains... First look, then leap Also marked is the finish line (top) and start line (bottom) On the bottom is (Steve's NVT/HV...
BTC looks like it's ready for it's final leg higher to retest the structure it originally broke down from. The final target should be somewhere between FWB:42K -44k. I do not buy into the bull market narrative, this is a bear market bounce. So just be cautious when people call for new highs as we approach those levels. Alts can have 5-10x moves if this move...
Bitcoin's price movement is meticulously adhering to the contours of a Fibonacci Rising Channel, illuminating potential future resistance zones and critical levels. Here's a detailed breakdown of the current outlook: As of now, Bitcoin is poised for a significant move, targeting the key psychological level of $50,000. The Fibonacci Rising Channel provides a...
Hi Traders, Investors and Speculators📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. When it comes to Technical Indicators, speculators have many options to choose from. Do you prefer to keep it simple? If your answer is YES, the...
📰 Double Whammy: Bittrex Shutdown and CZ's Legal Woes Unsettle Crypto Markets! 🚨 Bittrex Shutdown Impact: Despite the looming closure of Bittrex Exchange on Dec. 4, BTCUSD on the platform soared to $46,000, creating a buzz in the crypto sphere. Explore the chart: 🔒 Binance's Legal Turmoil: Adding to the turmoil, former Binance CEO Changpeng Zhao (CZ) faces...
Hey folks. Today, I'll unveil my secret trading roadmap for 2024-2025 🗓. This roadmap will be your trustworthy guide, helping you multiply your initial investments throughout this crypto cycle 🚀. Many traders and investors understand that financial markets are cyclical, and the cryptocurrency market is no exception. This cyclicality implies that price patterns...
i believe profit taking and fear will cause us tohave another dramatic drop here, for liquidity , as we continue to trend up longer term loking for these prices as targts for shorts. looking for a pullback to 42k
Just like Arthur Hayes of BitMEX in Autumn 2020, Changpeng Zhao (CZ) of Binance is facing similar legal challenges in Autumn 2023. Both incidents coincide with Bitcoin's Autumn price rising, from $10,000 in case of BitMEX and from $35,000 in case of Binance. Legal experts predict CZ's potential prison time to be around a year or less, drawing parallels...
Today we will try to summarize the results of 2022 and look a little into the future. What can we say, We think few people will deny that 2022 is one of the worst years that we have seen and consciously felt. Painful both separately for the participants of the crypto world and in general in the context of the economic, military and geopolitical situation in the...
Upon scrutinizing the 4-hour timeframe, Bitcoin's chart reveals a compelling bullish scenario. The support line, characterized by a noticeable upward slope, is forming significant higher lows, indicating a strengthening upward trend. Notably, a flat resistance level at 37,900 is proving to be a formidable barrier, temporarily halting further upward movement....
- One simple old trick to know when we are bullish or bearish. - Use Ichimoku Kinko Hyo 1W-TF. - Only use senkun span (SSA). - Wait for BTC trend cross the Span. - Jump in/Jump out. - Always follow the river while trading. - Don't waste your energy trying to counter Naturals movements. Happy Tr4Ding !
- Making TA as a trader is like reading a magical ball but some major unpredictable events are out of control. - i usually accurate most of the time but i should be a fool to think i am always right, it's impossible to make TA in that markets conditions. - So this post is not to make some kind of predictions but to warn peoples on what's going on right now. - i...
- i am posting this new chart like i did in 2018. ( i will link olders charts at the end of this post ). - it's always more easy to predict a long term chart ( 1 Week TF ) Than a shorter timeframe ( 1 Day TF ), just because cryptos are hyper volatiles markets. - Everything is in chart and very simple to read, this is imo the worthless scenario we could see. -...
Hey crypto enthusiasts! Today, let's unravel an intriguing aspect – how Bitcoin seems to be tracing its own financial history, akin to a monetary déjà vu. We're shedding light on the patterns from 2020 and how they're mirroring the charts in November 2023. 📈 Identifying Patterns: ABCD and Rising Channels Ever engaged in detective work with Bitcoin charts?...
Since its inception, Bitcoin has displayed a consistent price action pattern across cycles. During bear markets, prices adhere to a singular trendline. When breaching it, Bitcoin enters a parabolic trajectory. Historical trends underscore this pattern: from 2012-2014, then 2015-2017. The 2019-2021 cycle deviated slightly due to the "COVID-puncture," altering...