This cycle we will see a similar double top pattern like 2021. Price weill have to cool down before a next possible ATH
If break on bullish then text high achive high provility all information given on chart
I see a possible Head and shoulders on the hour time frame.
please check previous analysis Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin drops to 56k touch the biggest support before making some good movement in the next few weeks.
use it, dont, trend, indicators are tipping below the Fib, but since we spent time above the 2017 breakthrough, we were in new ground, but most times the Fib and the pitchfork, mixed with MA's is generally good
As Bitcoin's price continues its upward trend, we anticipate a response in the form of encountering an upper supply zone. Conversely, we have a daily higher low beneath us on the downside. Please refer to the video for a more detailed explanation of my perspective. FOLLOW FOR MORE
We do have a bull trend coming from 13 october 2023 also tested at 2024 february. This trend line if it hold if we still in a bull market BTC will bounce around 52.000. Also trendbased Fib retracement from previous bull market suggest there is a strong support at 52k. Timing can be challaning but, probably we will see another red candle mounth at may. Afterwards...
Another compression pattern at bottom of range. I am anticipating this range to end mid May. l am targeting 140k and then 200k. 140k because it's a typical move after bitcoin breaks all time highs. 100% return within a 4 week period.
Bitcoin has a potential PO3 formation in the medium term. A LONG position can be taken after price manipulation occurs. Take your risk, make your profit !
If, contrary to what I said in the previous analysis, after seeing the price of 59k, Bitcoin doesn't go back up immediately and doesn't give us a sign of buying, then we will make a move and continue to move strongly up to the range of 50k. In my opinion, the first scenario is much more likely.
Hello Friends, I am waiting to confirm my preferred scenario after Edit and Extend Orange (X), not Red and I added its comment to my previous post from more than 2 hrs I hope this candle that is running now in 2hr timeframe to close as a red candle. It will be an indication of a huge Bearish Orange wave (Y) and retest this Liquidity several times and if there...
As soon as the price moves above 62800, the price can cross the previous ceiling
Phase distribution from Wyckoff. I am waiting for the area to react
1. "Bitcoin is a technological tour de force." - Bill Gates 2. "Bitcoin is the currency of resistance." - Max Keiser 3. "Bitcoin is a remarkable cryptographic achievement." - Eric Schmidt 4. "Bitcoin is a very exciting development, it might lead to a world currency." - Milton Friedman 5. "Bitcoin is a tool for freeing humanity from oligarchs and tyrants." - Roger...
Guys if High volume break on this range develop we needs one more small confirmation range to go for sell
Updated Bitcoin scenario - mapped with new, extended timeframe. It's a scenario pattern that's undoubtedly familiar - everyone's favorite, the Wyckoff distribution trend. Several elements support this structure are worth noting: - The distribution phase is occurring just above the previous all-time high (ATH). - This potential top is showing a monthly bearish...