Wave B or maybe 2 Complete Reversal and Soon Dump Target ~$20k
Today, we're comparing the current price chart with the 2015 - 2017 cycle. The cycle of 2015 - 2017 is highlighted in green, juxtaposed with the current cycle. Just observe how the modern price dynamics are mirroring the prices of 2015 - 2017. Our correlation coefficient? A staggering 80% plus. 😮 Without any extra strain, the resemblance in price charts is...
Definitely, the price support of 29,500 Bitcoin is a fake support and will be broken soon. This one-hour bullish correction is only to collect the energy of the next bearish rally at this time. Let's not forget that Bitcoin is still bullish on the daily time frame and targets of $38,000 are available. Not financial advice
Above, you can see that Bitcoin is currently back to 2017 ATH levels when weighted against the S&P 500. In addition, Bitcoin has also sustained a breakdown below both long term trendlines against the index. I can't really be more generous than that. Even if stocks have already hit bottom, I think Bitcoin is unlikely to outperform again, at least for many years. If...
Here on the left, I've shown the BLX chart (Bitcoin index with the longest price history, plus its log curve) and the broken long term uptrend on the Litecoin chart on the right. Why Litecoin? Well, the 2017 bull market was characterized by astronomical gains for Bitcoin alternatives. At that time, it was about which functioned as the best currency. Litecoin and...
it seems bullish to us yet there are total of 3 Take profits if price doesn't break bellow 41000USD Support 3 TP is confirmed if the 2 TP triggers followed by some price correction and Retracements
Bitcoin has one clear level to break, which is the resistance of 30k to 32k. I'm observing that more people are starting to become bullish on Bitcoin, especially now that there is bullish news coming out, regarding the ETF of the biggest crypto today. I do believe that it is too early to celebrate. As we can see on the chart, Bitcoin has already tried to break...
BINANCE:BTCUSDT I really hope that in the near future we will see a rebound in order to take out all the shorts and only then go down. I am deeply convinced of the realism of this picture, I did not think that everything would come so early, I expected such sharp downward movements closer to autumn. Not an investment idea. All profitable trades. Follow me and...
BTC took SL at VAL - time to hit VAH watch a video
It's "this time" again. Bitcoin is dead. I am going to sell everything right now and wait for 10k or lower. Not a financial advice btw.
BTC follows the trend. Here are my 3 trading ideas Watch this update
Double bottom in the Shorts indicates no further downside.
As I've been talking about over the last several weeks, the market SEEMS overdue for some sort of relief rally. Although I believe crypto has begun a longer term downtrend and likely will not see all-time highs in the foreseeable future, it is not unreasonable to expect some hope to be injected into the market before further sustained downside. Of course, the...
After some time, Bitcoin has finally tested the $20k level. All the cryptos I held throughout the bull market are now below the levels where I first de-risked in January, 2021. This means that prices are now below every single one of my sell points. A move like this seemed likely to me, considering the breakdown of the 3-day 200 MA back in April. Prior to that, I...
This is just a quick update on Bitcoin. I will also include the Bitcoin/SPX chart in this post, simply because it continues to appear much weaker than BTC/USD, which I think is fundamentally significant - particularly with waning liquidity in crypto markets and the loss of broader appeal. In the above chart, you can see that Bitcoin is treading water above the...
Flipped fractal from the double top, longer term time frames indicators showing that bearish momentum is slowing. If stocks nuke, probably gets invalidated.
💥 BTCUSD 4H-TIMEFRAME ANALYSIS 💗Hello ladies and gentlemen This is my new idea for 💥 Bitcoin I hope my idea is clear Support me by like and share thank you Stay Safe💯💲💲💲 Good luck💰😍
I know this might be very annoying for the Crypto enthusiasts but Iooking at the long-term monthly chart, I get a feeling that BTC/USD will drop below 10K USD in the next 6-9 months. The big bearish doji candle in the monthly time frame might spell some trouble for the BTC bulls here. What are your opinions?