Hello Traders, Bitcoin will do this in one weekly candle sooner or later to fill the CME gap. Everyone is expecting lower prices, but not like this, and Bitcoin loves to surprise people. Please hit the boost button and follow me for more ideas. Thanks.
In my last post , I made the case of Bitcoin going to 21k. In this analysis, I want to question that theory. TLDR: I am questiong my last analyses of Bitcoin going to 21k, based on the current price action. After the breakout of the support/resistance zone, I was certain 21k was confirmed. However, the next day, an engulfing bullish candle was formed. This...
Imagine a world, where The Crypto Weather Channel had its own bank. That bank stored a large amount of its capital reserves in Bitcoin at the start of the Bull Market. This is what that would look like. #Long Take Profit: $66,442 (5th Halving Price) Entry: $26,976 (CAT 1 Price) Stop Loss: $15,473 (Market Cycle Low)
Aggressive count, which could give great results if playing out. For the time being I do not have any specific reason on why to be bearish as the wave counts suggests further upside. These are not trading recommendation, Trade Safe!
In this video we examine what happens after a Bitcoin bull market fully matures and stabilizes. We also explore the relationship between the timing of bull market maturity and the future halving price, and how this relationship may affect the price action moving forward. Thanks for watching!
I have officially decided to update our long-term price projection for Bitcoin. A major key change is the elimination of the mini-bull market. Instead we are expecting the current bull market to develop into a major bull market. There is also a very high likelihood that this will be the only bull market for the 4th cycle. In this video we partially stepped outside...
Hello Traders, BITSTAMP:BTCUSD Is facing a lot of bearish pressure. If you look at the chart the 'last pattern on weekly chart that can give us filtered information is a head & shoulders with neckline test pointing towards the blank box in the 6200-3600 area that could give a push for strong buying. Thank you all , please leave a comment with your chart and...
According to Vix cheat sheet indicator we are headed down to 18,590 by September 5th.
In this trend analysis, I show that Bitcoin is gearing up for a huge move towards the upside. Don't get left behind. the price targets are shown by the orange horizontal lines.
It seems a bit unethical that BTC is falling during the Russia-Ukraine war. Cryptocurrencies history says it might be supported during crises like USD because there is a similar movement we found before like USD. But this time, the BTC isn't getting benefits like USD. But very soon, we may see a big buy as Russia to Regulate Crypto, Dispelling Fears of Ban. The...
I want to touch on the topic of bitcoin's cost production value. This is a rather important matter as it gives a better understanding of its price's cost bottom. Many miners talk about 15-20 thousand USD as its cost production value. They are right! When it comes to individual mining, then this is most likely to be the case. However, based on the above evaluation,...
The last 2 weeks of flat had both bulls and bears sliced and diced. MM having a blast while deposits get liquidated. Where is the market heading to? The price did make its new ATM yesterday. MM got their SLs from shortists. This may seem like a continuation of a bullish trend no doubt. However, the price is at the top of an ascending wedge on 1D. RSI...
Hello All, Bitcoin is seeing some very bearish signs on the weekly chart. We had just seen 3 white soldiers pattern end with an ATH blow off top and grave stone doji. Historically this has marked the end of a run up. Will it be the same this time? In my opinion, I believe so. We are seeing a lot of bearish divergence on MACD/RSI. As well as bearish price action...
Hello Everyone, Quick post for today. After a 20x gain over an entire year, I believe Bitcoin is confirming the next bear market cycle. Here are the technicals: 1. Rejection of the Hull Moving Average: The hull moving average has been a consistent determination in whether we remain in cycle or not. In both previous cycles, we see Bitcoin lose the hull moving...
It looks like we broke the parabola. Parabolas usually retrace 50% and up to 78.6%. Key levels to watch are the circled FIB levels. I don't think that we will go lower than 31.5k.
Hello Everyone, Bitcoin has seen pain these last few weeks. There are traders that think bitcoin is still in a bull market and traders that have turned to the bear side. Here are my thoughts with analysis: Bitcoin has done a perfect wyckoff distribution that resulted in a massive head and shoulders pattern forming then being confirmed. Hence why price dropped...
Hello Everyone, With all of the dumpage that happened, I have been searching for a potential bullish set up. It is looking like there is an inverted head and shoulders forming on the 1 - 6 hour chart. This pattern generally plays out and is very bullish. It also indicates a reversal. Here are the technicals: 1. Inverted Head and shoulders forming on the 1...
Hello Everyone, As alt coins are exploding, Bitcoin is starting to look not so great. There is a head and shoulders pattern forming on the daily chart which indicates a trend reversal in the short to mid term if confirmed. The neckline is around $52,500 and breaking it would confirm this pattern which would then lead to a movement to the downside. There are...