They say the trend is your friend. However, the price action is very bearish at the present time. I have been bearish since this move down to the current level. I believe that price is likely to break the current consolidation and move to the downside. A move below $59,000 would continue to $47,000 and then potentially much lower as I have already outlined in my...
- crypto hype at its peak (euphoria) - F&G index in extreme greed - new ATH announced in mainstream media - too many winners in the market for months - vertical price rise since 40K - momentum indicators in overbought zone for weeks - several bearish divergences in TF4h - downward trend in recent days - the price action has broken its bullish oblique - the renewed...
Just observing the fractal from the previous bull run. Be prepared to be shaken out both ways
🔸Hello traders, today let's review weekly price chart for BTCUSD . going into BTC halving event later in April bulls still maintain control, having said that, we are closing on on the danger zone, which is defined by 75 000 - 100 000 usd, so let's review the primary scenarios for bitcoin prices going forward. No nonsense overview, no dinosaurs, NFTs, super mario...
I've been waiting and waiting but price has not dipped and has been consolidating as the monthly close approaches. In my opinion, and what I will share publicly, is that price is unlikely to dip and give a discount below $50,500 before it at least touches $90,000. I believe that it if $90,000 is touched, it is likely to continue its move to $130,000. I am...
After a violation of a key daily horizontal resistance, Bitcoin retested that yesterday. I see a cup and handle pattern on an hourly time frame, and a bullish violation of its neckline. I think that the market may reach 0.7157 level soon with a potential continuation to ATH. ❤️Please, support my work with like, thank you!❤️
During public euphoria, bitcoin needs a sustainable high to maintain it's trend.
Bitcoin successfully broke and closed above a key horizontal resistance yesterday. Look like bullish rally continues and the price will most likely retest ATH soon. After a test of ATH, wait for its breakout. It will push the prices to new highs. ❤️Please, support my work with like, thank you!❤️
I haven't updated in a while. I'd like to remind you this is a market controlled by greedy players with lots of money and control over futures contract. Yes the holy Bitcoin event is coming up, but wouldn't it be a great business idea for players with big money to nuke the price, show that there is demand below, and send the price flying back up? It's the hit 'em...
Detailed price action analysis for Bitcoin. Important key levels. Potential scenarios. Trading plan. ❤️Please, support my work with like, thank you!❤️
I see the pattern do you? Big Bear + Big Bull Small Bear + Small Bull Big Bear + ( most likely if history does not change big Bull). Its only when you're halfway through the bull market does the sentiment actually shift and people start to become bullish and the leverage starts. My guess as I'm also putting money on this is we should see around 73K...
Bitcoin formed an ascending triangle formation on a 4h time frame. We see a confirmed violation of its neckline. It is a strong bullish trend-following signal. We may expect a bullish continuation to 74000 now. ❤️Please, support my work with like, thank you!❤️
Keeping an ear to the ground for contagion as we enter into buyers territory. Expect FTX noise to reach extreme levels. They are getting exactly what they were due in my books, you can keep it going as long as you have confidence and liquidity available. They were not trying to build the decentralised world - they were trying to get rich, and then when not...
Not 100% sure if Bitcoin regains support line immediately. Initial rejection can look like this^
Bitcoin broke and closed above a key daily horizontal resistance, setting a new higher high higher close. Here are the next historical resistances based on a price action of 2021: Resistance 1: 58900 - 61000 area Resistance 2: 62300 - 64200 area Resistance 3: 65500 - 66300 area Resistance 4: 67500 - 69000 area The next goal for buyers will be Resistance...
🔹Bitcoin's number of 500-day journeys has been four since the data was posted on the chart. Although the information about the first journey is incomplete, I tried to complete the candles of the first journey by using valid charts. 🔸In general, Bitcoin's 500-day journeys start when Bitcoin has experienced a new All Time High(ATH) before Halving and then started...
Hi, everyone👋. Today I want to tell you the secrets of 350-Daily Moving Average(350-DMA) in the monthly time frame. By reading this post, you might find an approximate target for Bitcoin before the 2024 Halving. First of all, I suggest you read the following two posts, and maybe our strategy puzzles will be completed before the 2024 Halving.🧩 ...
What do you think? This is my trend-based model. I am not a trader nor a professional in trades.