Possible targets. BTC might be managed between the contraction value line by BANKS & FINANCIAL INSTITUTIONS. ADR value reading is between $61k to GETTEX:64K zone.
1- FIRST : For BTC İf we regard September-October2023 and From 28500 Dolar beginning To March 2024 Peak 73500 Dolar Level, we increased 45000 Dolar. normally %50 fibonacci retracement level works and its normal to decline 22500 Dolar from 73500 peak, that is 51000 Dolar. But in an uptrend usually Fibo 0.382 I mean % 38.2 retracement rule works. On the...
The nearest support zone is in the green box, which can help to change the trend. If there is no support, the following numbers will be activated again.
Hi everyone, This is the chart that I am following. I found it while walking home yesterday. I don't know, but it seems like it's correct. What say you?
Bitcoin (BTCUSD) has successfully tested and held the Mayer Multiple (MM) Mean (red trend-line) and is now consolidating. As you can see by the green arrows, this is the point where historically the most aggressive part of the Bull Cycle begins, as even in the occasions where the MM Mean broke marginally (July 2013), the rebound that followed was even more...
I have seen enough to determine that we are headed to a new all time high just like the stock market will see a new high before we head lower. If you haven't seen my idea on the SPX (see the link below). Looking at the BTC on the monthly chart, we can see that it looks like we are doing an expanded flat. As we can see the top in October 2021 was not the "real" top...
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...
The current optimal buy zone for BTCUSD is at $62,357.00. This suggests an opportune moment for investors to enter the market and capitalize on potential gains. Additionally, setting take-profit levels at $64,138.00, $64,750.00, and $65,480.00 can help maximize profits by strategically selling as the price rises. It's important to mitigate risk by implementing...
In a previous post I showed how the correlation of BTC up moves and the halving may be an illusion since it's simple to look at pretty much anything that's up trended over a 10 yr period, mark in the dates of the halving and they're about as accurate as the correlation with BTC. BTC has generally up trended over 10 years. To say an event is significant because...
Welcome, fellow Bitcoin bulls! If you're eyeing the charts this week, you'll notice a strong bullish trend in play. But here's the kicker: while the daily time frame might show a downward trend, don't let that sway you. Instead, see it as a golden opportunity to snag some Bitcoin at wholesale prices! Understanding the Play: Picture this: Bitcoin's current price...
Bottom red trend line is my new pi cycle which is aligned from RENCO candidates (but not aligned with Kagi very well) which I’ve converted to Kagi and all works with RED MA pi cycle value price dip in case BTC was to fall. Above green trend line has a gap between candles and the trend line, that’s because I used Renco wick for alignment and that space leaves...
...the latest action always takes priority. We didn't get the low volume weak retrace to 60-61k. Smells more like a spring than a lpsy. If true, then it was accumulation after all, as hard as it is for me to believe. It is what it is. The next retrace will be quite telling, aka the test. If its a weak dump, then it's worth a long.
I like how sometimes it feels like coincidences are not really coincidences and I like the way I'm making forecasts based on those details BTC broke daily 100 MA on the 16th of October 2023, 99 Days later it touched it and bounced for another wave up, on the 23rd of January 2024. We are at day 98 from 23rd January and it looks like BTC will touch again daily...
Hong Kong spot ETF - they are the major buyer of GOLD in the world right now. Will they treat Bitcoin the same? I recall a time when they did treat Bitcoin as monetary flight asset in early 2010's. Multiple consecutive red weeklies in a row Weekly closes below supply zones and MA's have FUDDED a lot of traders out of the BTC market Most expect deeper...
CRYPTOCAP:BTC recently completed its initial reaction to the reversal zone of the bullish crab pattern. As per the author of harmonics trading strategy, for type 1 reactions (Bounce), the target would be around 0.382-0.618 of point A-D within 1-6 candles. Bitcoin bounced according to this rule by the book. The price then reversed to retest the reversal zone...
The recent dip in Bitcoin has sent shivers down the spines of traders, with many wondering if Bitcoin has finally hit rock bottom. One key price point has emerged as a potential beacon of hope: $61,970 . Historically, this level has acted as a springboard for Bitcoin, leading to rebounds in February, March, and April. But will this time be different? Technical...
wheen we look on the weekly CHART ... WE CAN SEE that nice candle with long tail.... end we can see good reactions from the buyer's on the daily chat ... I think btc ll move to this levels in this days... down to :61840 up until:72470 ===================== good luck
Bitcoin Price prediction after halving: After the halving, Bitcoin's price typically moved sideways or exhibited a slight bearish trend for 1-3 months in the past three cycles. We can anticipate a similar sideways movement for the next 1-2 months before a significant upward surge. Once the sideways movement concludes, we can expect a robust bull run. In the past...