It's been roughly a bear market for a while now, and where will be the bottom is a hot topic these days. In my opinion, BTC has still room to drop until the real capitulation happens; therefore I can imagine a classic 80% Drop from its all-time high which is arguably in confluence with some powerful levels, including two long time frame Fib levels. Of course, in...
Hey, tested now a couple of times below $30k, their is now doubt that we can argue a bear trend (market) - looking at the past two years, in the search for potential bottom options you can clearly see that the next level of "strong" past fair interest was the $20K mark - but what is if the real chaos starts below $25K and massive sell-off brings us sub $20K? In...
Good Evening Everyone! 😃 I want to give you two different options for a Bitcoin bottom. It's all in the chart, to the upside 📈 and downside 📉! The moving averages used are: Black 200 week SMA, Orange 100 week SMA, White 50 week SMA . I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor...
Trade setup: Entry Price: 38000 USD Target Price: 40000 USD Target Price 2: 42000 USD We can see in the price chart that the price of Bitcoin seen to have bottomed out, and this movement can also be seen in all three measured indicators. The RSI hit its perceived bottom at 22 and the MACD also seemed to have the same bottom formation as the signal line and the...
What's up Everyone! 😃 Another week, and another weekly Bitcoin video 🎬 update and as always I kept it simple for you guys. This time I wanted to focus on some of the different options that Bitcoin has for a bottom before we see a bullish reversal. Have we seen the bottom or are we going even lower? Click play ▶ and hear my opinion! Charts from the Video: ...
Bitcoin is testing the bottom of the Keltner Channel which has historically resulted in 35%+ recovery or more. - Notice every time Bitcoin has tested the bottom of the Keltner Channel (2019-2022) - Every low has resulted in a parabolic advance upwards - Bitcoin bottoming slightly past this channel usually signals a bottom/prime buying opportunity - Bitcoin is...
( PLEASE SEE RELATED POST LINKED BELOW FOR CONTEXT) On November 26th, I gave two possible scenarios for BTC bottom to play out by mid-December. Either 47-48k ( red line) or 43-44k (blue line) would be bottom considering previous supports. They both hit. BTC wicked slightly below 44k but closed its 1 hour over 47. This happened faster than I expected due to...
Hello to all, been tinkering with this idea for a bit now to how it might play out. Looking to top out on the rising channel at 51850 ish where it intersects with purple line (expanding wedge) get rejection, break down out of rising channel with measured move to 3937i ish, bounce up to resistance line at 43968 ish, create the right shoulder, then down to the...
Current BTC corrective structure is very similar to what we have seen with XRP in August-September. In both cases,we see a 7 wave corrective structure and major fall happens right after rejection from 0.702 retracement rally and then forming a base on the 5th wave within wave 5 and a small push up taking it near wave 4 of 5th wave in wave 6 before the...
a better picture of 2018 bottom, took around 427 days till the bottom was in and over 1099 days to take out ATH and included a 84% dip, if we had the same dip now this would take us to around $10,000
Could 28k be the bottom? I mean, china usually bans BTC and then it pumps after that There is a lot of FUD and many people are expecting a 20k btc. Is it possible that china and the whales have already started buying btc back up? Now to TA: A lot of short term bullish indicators We broke out of a falling broadening wedge which was caused by an inverse head &...
On 1 hours chart Bitcoin printed a beautiful Hammer candle, which is bullish. Let's see if $34,970 holds during a possible retest.
A short signal just printed on chart on D1 timeframe, with KEANU REEVES swing trading indicator. I tend to believe this signal, why? We closed daily below the yearly resistance 10.5k Pretty big volume on the move, confirming a direction. Dollar bouncing, all markets going down, i think we going for a correction. Covid pump was not susteinable at all.
As I have pointed out before we're coming closer and closer to a possible bull cycle. Probability of BTC not going to a Bull cycle is unlikely. Considering the oscillators showing at oversold levels and Elliott Wave Count which we're also currently at 61.8 golden ratio. It's still possible this is not yet the bottom. But the maximum for me is by the end of 1st...
#Bitcoin mid-term prediction Trend is still re-setting from $14k pump. I'm using recent price action > old price action - therefore $6xxx levels are mostly ignored. CME price inefficiency in these levels adds confluence to this view. $5100s is the definitive bottom for me. Ton of confluence packed into one level: - Double monthly VWAP - Price inefficiency...
Sorry,i was gone for aproximative 3 weeks but now i m back with a BTCUSD analysis. In my opinion BTCUSD was bottomed because: -We are above 200MA support AND the sell pressure is going down(we can touch without any problem this line once again and stand there a bit 3160-3200$ -Stochastic RSI it s still oversold -RSI we are above 40 which means we are into a bull...
Here it is $2542 USD. Bottom of that fib, everything lines up SO WELLLLLL with the other fib levels. We'll hit this figure before the end of Feb. This will be the biggest countertrade of your LIFE. You aint got the ballsssss, nah maybe you do. BTW, I am from the future. Anyways, its been fun for a little bit. Keen for what happens in August ;) CYA cicadas
What's coin on guys? Today I had a weird feeling. A lot of people expecting BTC to drop more. 65% are expecting the drop lower than this. If majority of people are expecting big drop, I fear that we are about to be suprised. Some bad news were trying to test the market, but FUD failed. So now, I have a feeling that whales will pump the market up. Check out the...