One of many possible uncertain outcomes that we may face is the path of a "longer bottom". However, after the bottom has greater confirmation ("measure in weeks"), then we may likely see the increase around 2023-01 to 2025-01. Significant variables that arise over the next 29 months can rapidly shift the markets; both up and down unexpectedly (the known unknown...
I draw like shit but here it still is, green is patter from 2018 cycle, black is prognosed btc price movement in the coming years, same pattern as 2021 cycle
Currently my prediction for the last 6months has been fairly close with the price movements, we fell into the accumulation zone and now I will be predicting the price movement until march. My predictions are off historical movement, not doing wyckoff, elliot wave, etc.. anymore as I have found that they are meaningless in the economic state of the world. 10-12k...
This will appear like a bullish double bottom formation, but neckline around 27500 - 27950 wont break. Yes it will pump a bit more. Traders will end up trapped longing this BTC Pump. But the probability speaks against going above 28k range again. Bitcoin will do back down after it wont be able to break mid/upper 27k region.
As i think we are entering the final and harsh phase of the bear market i expect very active days in the coming months. Volatility can be broken up hard. * What i share here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you may lose all your money.
BITMEX:XBT has been touching the area of 25'980 USD, for a couple of days showing a huge support around that area. However, in theory with each touch on the area its gonna be debilitated. In sum, I think it's a matter of days when we broke again to the downside having an opportunity for a short (if you are not already or in cash). The move it's gonna be...
BITMEX:XBT has touched three times the support at 28,855 USD on the Daily. This pattern represents a short for me. I placed a short position yesterday to hedge my long placed since the bottom on the FTX crash on november 2022. I don't have a target, yet. I will update my ideas on this trade.
Bitcoin has dropped to historically low levels of volatility. Typically this means a very large move in either direction is going to happen relatively soon. How soon exactly is not clear, maybe 1-4 weeks. This also doesn't indicate which direction the market will move, just that a breakout is likely coming soon. Take your pick on which direction it is going to go,...
YOU CAN SEE THAT WE DRAW THREE AREAS OF SUPPORT (THIS IS WHERE WE HAVE DISTRIBUTED OURS BUY ORDERS), JUST IN CASE BTC KEEP FALLING. WE THINK WE HAVE 80 PERCENT CHANCE TO GO UP THIS SECOND HALF OF THE JANUARY 2021. ALSO THE FUNDING RATE ON BITMEX LOOK POSITIVE BUT NOT OVER EXTENDED, THIS INDICATES WE HAVE MORE ROOM FOR THE UPSIDE. HOWEVER WE WILL KEEP OUR SHORT...
This is on a weekly timeframe, no more 1h or 4h timeframes... This is the REAL DEAL. The low 29k zone is an area where lot of people get burned. Please be careful here with long positions my friends. While I think that there is some steam to go up from previously confirmed patterns, the huge XXXL Rising Wedge raises immense concerns... My opinion is that we will...
#Bitcoin is consolidating right below 30k with two failed breakout attempts. I think there is still steam up from the previously confirmed broken falling wedge and on the next attempt 30k shall break. A possible Gartley Pattern adds to the bullishness. Observing if the 1h candle will close as hammer. Still bullish overall but cautious here to make sure this is not...
A whipsaw chart pattern is a type of price action that occurs when a security's price moves sharply in one direction, then quickly reverses and moves in the opposite direction. This can be a frustrating pattern for traders, as it can lead to losses if they enter or exit a trade at the wrong time. Whipsaw patterns are most common in volatile markets, where prices...
If you enjoy this analysis, please give it a like and a follow. I've made several analyses on Bitcoin's extremely low volatility over the last couple of weeks. In this analysis, I want to take a look at yet another metric that measures volatility: BVOL7D, on the daily chart. On the top chart, white, you find Bitcoin's historical volatility. On the bottom chart,...
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Several bullish patterns! Slowly showing what patterns are in play here. Difficult to trade if you are new, but starting to make sense for someone who has been trading for several years. This will likely rip up as previously stated. That Batman pattern is not my imagination but an actual pattern traders use It is similar to a Head and Shoulders pattern except that...
- CRYPTOCAP:BTC continues trading within a Tight Range of 2K, dancing tango with range's bottom and ceiling, until it doesn't. 40.000$+ per #Bitcoin is not as far fetched from here, all Bitcoin gots to do is break current range to the upside before resuming higher. Besides that, the awaiting Feds Rate Hike decision will impact direction of CRYPTOCAP:BTC and...