Bitcoin is an invention designed to grow forever as long as we live.
If you see the same vision, don't forget to support the analysis.
I'm releasing UPDATE2 earlier than planned because today the channel reached *666* followers. The analysis is set for long-term updating.
It doesn't matter if the price is 70k or 50k as long as you see the big picture.
The world...
Hello dear traders!
Overall, BTCUSD is changing the structure of the market observing a broken bullish technique, which can generally determine the medium-term potential. Price is testing $64.685, aggressively defended by sellers amid a wave of corrections and sell-offs
The bullish momentum in general has been exhausted, the support level of 64,685 USD cannot...
BTCUSD continues to maintain its recovery, holding strong above the $66,000 mark. Currently, this cryptocurrency is still in an uptrend, with new support levels being established.
Looking at the technical analysis chart, the 34 and 89 EMA lines are beginning to converge, suggesting that the next trend could be a continued upward movement. Resistance at $67,690 is...
Buckle up, crypto enthusiasts! The Bitcoin Halving is on the horizon, and the countdown has begun. But here’s the twist - every Bitcoin clock out there is telling a different time for when block 840,000 will hit the scene. It’s like they’re all watching different episodes of the same thrilling show. 🍿
So, what’s the real deal? When will the Bitcoin magic happen?...
Bitcoin (BTCUSD) touched today the bottom of the Channel Down pattern that started a month ago on the March 14 High. Ever since is posted Lower Highs and Lower Lows, dropping under the 1D MA50 (blue trend-line). Since the long-term trend for months has been a parabolic rally, this pattern can be seen just as a big Bull Flag, a necessary short-term pull-back before...
Tomorrow, 25-April, is a very important date astrologically speaking. Certain planetary movements are pointing toward the resumption of forward action.
What would this imply for Bitcoin?
➖ Bitcoin peaked 14-March and has been consolidating since.
➖ Bullish momentum has been going down.
➖ The current bias is bearish based on multiple bearish signals such as: high...
Meanwhile BTC might be indicating a disaster ahead.
Nice running ABC flat may terminate right at the resistance formed by moving averages on different timeframes.
Hey everyone! Curious about the latest trends in BTCUSD?
BTCUSD has wrapped up its recovery streak and has started a smooth correction. Early in today's session, the coin approached the $64,200 mark and is still trending below the EMA 34 and 89, indicating that the sellers are maintaining the upper hand.
Looking ahead, BTCUSD might undergo a deeper correction on...
BTCUSD is currently showing a promising buying opportunity as it opens at $65,746. Consider initiating a long position at this level to capitalize on potential upward movement in the market. It's important to set a stop-loss at $64,580 to limit potential losses in case the market moves against the position.
For profit-taking, consider setting multiple take-profit...
Another on point prediction. You should be getting used to that by now ;)
We can do this on any time frame...just as a reminder lol
For those waiting on the still image charts, I have stopped those as the 'glancers' become trolls as this miss the context behind the forecarts. So only video market updates from now on.
Also, I will make further announcements as...
There's not too much room for interpretation left, which is one of the beauty of Wyckoff. You pick up clues along the way, volume, candle size, etc and you narrow it down. The critical point is towards the end of the range, I think we are pretty close to it now.
Could this go to 73k new ath to clear shorts for the real UTAD? Sure it can. Do I think it's likely?...
Match each colored squares. Same colored squares read same pattern. First whales contraction is the value line. It’s where the whales hold their meetings.
Soon will cross moving above the bullish contraction and will move to $72,462 because it’s what comes next then must reject because it’s a whales contraction and maybe move down to support zone which will then...
This means BIG TIME. It’s TOP WHITE NOT TOP BLACK. yellow trend line are equal body lows from volume.
BULLS shows small decline but still aiming big. As BULLS PUSH UP, this will void out any possible crash and will have a long bottom wick to push above and beyond.
MAKE ROOM FOR THE BULL
If the premise of a trend reversal is going to come to pass we need to see rejection of the attempt to trade at a new high.
The breakout looks much more promising now but when you look at a lot of tops you find many of them have wicks slightly above the high. I believe these are referred to as "One tick traps" (I just call them stop hunts).
If the breakout can...
Bitcoin (BTCUSD) is struggling to break and close above the All Time High (ATH) Resistance having almost completed 6 weeks of sideways consolidation and candle closings below it. On any other occasion, that would be a bearish signal, an inability of the market to find enough willing buyers to push it to a new High. But with BTC's historic cycles this has proved to...
BTCUSD Trading Strategy:
In the short term, we are observing a continued weakening of BTCUSD, with the price dropping nearly $2,000 in the early trading hours of Friday. Despite some recovery for trend adjustment, scrutinized factors on the chart still favor the sellers.
It is advised to continue selling when the price touches and retests the 34 and 89 EMAs once...
Zooming out from the 4 hour to the daily, it appears much more clearer. I may have been too absorbed into the smaller time frames.
It reminds me of one of the earlier charts for sure:
I no longer think it's valid to go down in the short term. It should've been quick and decisive. Instead we should visit at least 72k first and from there, it will be another...
Hello, dear friends! 😊I've been closely watching the Bitcoin chart and trying to find the answer to the question: what awaits us next? 🧐
I intentionally replaced the usual Japanese candlesticks with lines on the chart for clarity, so that no noise would interfere with us seeing what I want to show you. And that's t he triple top pattern .📊
I know many of you...
