CRYPTOCAP:BTC on the daily is creating a white swan pattern.The pattern completes around 42k zone.
For confluence the BTC chart is also creating a NAVARRO 200(1)harmonic pattern that completes around the same zone
To point out there is also a strong support zone around 53k-51k area where BTC might bounce up before continuing with the down trend.
Pump for Bitcoin Spot ETF and Havling in Fall 2023.
Top around March/April 2024.
Failed Halving Pump.
Bad economic climate in 2024.
Liquidity Event.
Recession in Fall 2024.
Crash to sub 10K.
Bottom sometime in Fall 2025.
I had shared my target for BTC’s target CME:BTC1! in the long term. Now, what do I expect after reaching that target? As you can see, I lean towards the idea that BTC will enter a bear market after reaching 100k, so I'm not expecting 140k. However, it could happen if you use a logarithmic chart. This is a non-logarithmic chart. After reaching the PO3 target, the...
5.1.24 I picked Bitcoin as an example of how I look at potential trades as a buyer or a seller using gaps the way I look for gaps and whether or not the market retest those gaps or not. I'm making my trade decisions by looking at bars on the chart not all the ancillary tools that you can put into your chart.... I don't use those tools because they cause conflict...
➖ This is now a high probability trade-setup.
➖ The bearish potential is very strong.
➖ The down-move has a high probability to happen next.
This is the situation we are in now after months and months of being too early but the market conditions will continue to evolve, fluctuate and change.
We have three days red; first time since January.
We are about to enter...
BTC has reached the top around US$ 73700 on March 14, 2024 as it was clearly explained in previous publication.
Since that it's gone around 1 month till now, and no one new high was printed in BTC.
Bulls fade. Robust gain de-established. Upside bubble-alike trend transformed into detrend structure with flat top near US$ 73000 per BTC.
RSI (14) is sluggish...
4.29.24 I think the test was coming to an area where it's running into Sellers.... even though it's a bullish pattern... so I explain my thinking there. There's a little bit of a mixed message between the dollar which is going lower at the time I'm doing this video whether I would take a tradethe gold market. And I looked at the silver market... and I took a...
CME:BTC1!
Possible Bull Flag on CRYPTOCAP:BTC
Measured move approx 96400. Could we get a Fakeout as the ignition for this move.
Post Bitcoin Halving ... markets look just as exciting.
Aggressive entry on candlestick currently printing (not closed on D)
Always have Plan A and Plan B and manage Risk.
Always having Plan A and Plan B scenarios so we can react...
Hello all,
I was quite bullish as of recent however this phase has shown some bearish activity. Stoch RSI has not reset as quickly as I would like to see and a Decending triangle formation is printing. Time will tell.
Bitcoin, the world's most popular cryptocurrency, has been exhibiting some intriguing technical signals lately. The cryptocurrency's volatility indicator, the Bollinger Bands, has narrowed significantly, reaching levels last seen in mid-February 2024. This development has sparked speculation among analysts about a potential price breakout for Bitcoin (BTC) in the...
Bitcoin - continuation pattern or a top?
Determining whether the pattern is a continuation or a top pattern can be challenging. One signifies a bullish trend while the other indicates a bearish trend, and we find ourselves amidst a 4-week range on the bitcoin chart. So, how do you proceed?
To analyse the situation, I typically examine the chart across various...
Geopolitical tensions are on the rise, and it's natural to worry about the impact on your hard-earned investments. While war can be a scary prospect, history offers surprising insights into how traditional assets perform during such conflicts. But what about newer asset classes like cryptocurrency? Let's dive in.
The Stock Market Rollercoaster: Dips, Recoveries,...
