TheCheartBreaker

TheCheartBreaker

The Eth/Btc chart is reaching a critical decision zone with the orange trend line going back 7 years. I confirmed break down could signal severe underperformance by Ethereum relative to Bitcoin silencing the flippening narrative and giving the maxis something to cheer about. I think Bitcoin is a long term hold until things get astronomical. 2024 could see highs...

TheCheartBreaker

Going out on a limb. (GOoAL) Speculating the Bitcoin price 3 decades from now to shift focus on goals of investing longer term. 2023- 2030: Bitcoin price could reach highs of up to $350k. 2030-2040: Factoring in the likelihood of Global Recession bigger than was experienced in the 2000s, which would have a catastrophic impact on Bitcoin, and the first Global...

TheCheartBreaker

An idea to inspire others to see the charts from another lens. This is a overall bullish perspective seeing the potential of Bitcoin forming a large inverse head and shoulders. Upside resistance targets forming a neckline around $54,650 followed by a 2024 pullback to the 0.618 around $28.6k to form the low of a right shoulder. Breaking the neckline after...

TheCheartBreaker

BNB is coming to a close on this descending triangle which is typically seen as a bearish structure. Depending on the price action we see, whether the descending line is broken to the upside for a bullish trade or the horizontal line breaks for a bearish trade, it could signal where the overall market could be heading over the next 12 months given the positive...

TheCheartBreaker

Trying to speculating how bitcoin can feasibly reach 6 figure targets by developing bull structure in the form of a large pennant. This would imply a significant pullback to form new lows targeting 14,525 in 2024. Would need to see signs of weakness around this current price range ideally 45.5k rejection, however price can continue further in which case the...

TheCheartBreaker

Could we be seeing the formation that we saw of the SPX from 2000-2009? If so we could be looking at a dead cat bounce that takes out the 69k high for a swing failure to approx 74k only to then crash to put in a new lower low to around 12k. That would create a large broadening formation for a large bull run into 2030.

TheCheartBreaker

Bull to bear perspective for the next year and a half. 52.3k rejection and an assessment to see if the recent parabolic trend breaks, if so structure needs to be assessed for potential head and shoulder formations. Downside target could be as low as 7.2k. Always assess risk and always be prepared to be wrong. The downside drop is contingent of a bearish...

TheCheartBreaker

Similar to my idea with the Bitcoin bull market, however I expect some initial underperformance from Ethereum relative to Bitcoin with Bitcoin dominance targeting around 60%. 2024 : An upside swing on Bitcoin to $52.3k can drive Ethereum up to $2,450 range but then to pull back more significantly than bitcoin to place a 2024 low around $1160. This may not play...

TheCheartBreaker

The probability of the bull market continuation is evident in the chart with higher highs and higher lows. The path to all time highs isn’t always clear and the demand for a COVID esque capitulation grows but I believe it is possible that we may go higher before we go lower. Upside target resistance around 50-52.1k with a 2024 low boundary around 28.6k range. We...

TheCheartBreaker

Bitcoin bear case is an extremely low probability as it involves betting against the stock market for a recession, and the potential collapse of bitcoin when looking at the monthly chart but nothing more than a healthy correction on the 5 year chart. From a technical standpoint the parabolic green curve line break will signal a red flag of downside targets,...

TheCheartBreaker

Bullish projection. Strategy should be adaptable to changes in the structure or significant fundamentals that speak against upside potential. $2000 is better price than $3000 and $4000, with upside potentials to 38k, approx 4.4 trillion. We may reject around 12.5k, for another bear market so worth reassessing the market then. Considering the roadmap and...

TheCheartBreaker

Scribbling projections and taking them all the way to the bank 🤡

TheCheartBreaker

Speculative forecast for a potential new low around mid-november with a $14,353 target. Seems like a nice enough number to trick the bulls into assuming 15.4k will hold whilst also painfully disappointing the bears who wait for 8-13k. DCA throughout the levels is the safest play. Accurate entries to nail the bottom is anybody's guess.

TheCheartBreaker

See how price ping pongs between the key parabolic lines, blue arrow gives an estimate of potential direction. 21.5k for secondary low then onwards and upwards. Consider a break of the green parabola curve as potential sell.

TheCheartBreaker

Dubious projections and potential swing investment plays. Bull flag preparation for next leg up? DYOR.

TheCheartBreaker

Just having fun drawing lines. Ethereum potential price projections. Long term DCA should pay off.

TheCheartBreaker

Ethereum could be forming a large pennant with an upside target of $6.2k . Path may not be exact, accumulating and staying the course makes sense. Know when the structure is broken and where you could be wrong. We could see a short term pullback to form a cleaner structure of the pennant, with a pennant break out around october november. This is on the...

TheCheartBreaker

A lot of strength in this recent price action considering the following factors - large short squeeze (all funding rates were negative) - on chain metrics indicated a lot of accumulation - B word event highlighting institutional interest and accumulation could result in fomo event. Interestingly since the B word event we made the 30k low and havde been...