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BTC Diamond FormationMost everything is in the chart for now and anyone knows if BTC will push down 1 more time before a big rally or go up straight. we can see that we could form a Diamond Figure (Pink) to 0.618fibo i don't show indicators but i can say : Monthly chart show clearly that we are still going down. Weekly chart have indecision on indicators. Daily chart have inverted indicators. we have 3 clear resistances formed by EMAS to breakout : EMA 50 ---- 7200 EMA 100 ---- 7600 EMA 200 ---- 8000 possibilities after breakout : 1. we could fly to 9000 (DIamond Finished + 0.618 FIBO ) 2. we could fly to 8400 possibilities with Rejection : 3. we could retrace one more time to 3700 before a new push. ( Traditional Support ) My advice for now is to wait as spectator and wait for a dip or a breakout. Happy Tr4Ding & Stay Safe !
by thecryer
21
BTC CME GAP- CME and cryptocurrency ETFs are important, but in different ways : - The CME is more influential in terms of institutional trading, price discovery, and market structure, while ETFs play a crucial role in making cryptocurrencies accessible to a broader range of investors and driving market adoption. - Don't focus on ETFs, they are still young and small in BTC/ETH market ( around 5% ). - Chicago Mercantile Exchange are older. - Wealthy investors are in BTC from 2017. - This Gap have to be taken soon or later. PS : the green line is EMA200 Happy Tr4Ding !
CME:BTC1!
by thecryer
Bitcoin | In Satoshi V Trust Gentlemen welcome to BULL MARKET The price of Bitcoin is $28,280 today with a 24hour trading volume of 45 billion dollars This represents a 4% price increase in the last 24 hours and a 40% price increase in the past 7 days When iconic US investment bank Lehman Brothers Holdings Inc. filed for bankruptcy in 2008, it shook people’s faith in banks so much that a new class of asset, which did not have the backing of any formal bank, came into being. Bitcoin, the most popular cryptocurrency, first found a mention in November 2008, about two months after the Lehman crisis. A decade later, cryptocurrencies have become one of the most debated financial assets, globally and in India, in terms of risk and returns. now in 2023 Banks fails even bigger and bitcoin is here to shine Right now all big companies including Amazon, Microsoft, BlackRock, BridgeWater ... got an eye on crypto and buying the dip while the old banking system shows its flaws all indicators sending bullish signal and be ready for 28500, 28700 and 28900$
Long
by moonypto
11
BTC Fibonacci Extensions for Impending Bull RunThe market is breaking the bearish structure on multiple timeframes. This idea is from the Weekly perspective. The Fib Extensions are pulled from the previous cycle high to swing low. These levels will be levels to watch as the macro timeframes start to heat up. The key levels to watch are the .618 extension levels for impulses and the .236-.382 for pullbacks. Weekly RSI is nuetral around 58. RSI has tested and held above its moving average. recent 100-150 simple moving average cross. hold your coinpurse tight, this is a warm up. not financial advice. do your own DD. Thanks for looking at the idea.
BITSTAMP:BTCUSDLong
by BallsOfSteel32
BTC Bitcoin UpdateIf you haven`t bought BTC before the rally: nor sold the top: Now Bitcoin could be positioned for a rally toward $69,000 as U.S. major stock indices hit record levels. Historically, Bitcoin has shown a strong correlation with broader market sentiment, particularly during periods of risk-on trading. With investor confidence growing in the stock market, crypto assets like Bitcoin may also experience increased buying interest. Institutional investment could play a key role in pushing Bitcoin to new heights, especially with the favorable macro environment as GDP - in line with expectations today - and the recent 50bps rate cut.
Long
by TopgOptions
Quickpost:Doge Bitcoin Flagpole over 600% gainsIts a pretty simple idea. DogeBTC has found support on the 100 month Simple moving average and is currently nailing in a higher low. Not by much though. A zoom in also shows a downtrend resistance line has been broken and after a wee pull back of a couple of weeks price is resuming upward. This creates a W pattern that gives DOGEBTC the structure to get out of the 3 year falling wedge it has been in since May 2021. The MACD is crossing the signal line in a bullish manner. Not as bullish if this cross was above zero, but I will take what I can get. The chart shows the first two flagpole targets. This is a quick post so I am not looking to throw every indicator on and do 10 sub-charts. I'll just throw one in because its charming. Here is DogeUSD. We can see that the gaussian channel contains price action in a bear market and mostly price consolidates around the midline. It takas a bit of effort but eventually price creates a lot of white space between it and the GC. Both black boxes shows where the Log MACD sags a bit as price struggles at the gaussian channel before breaking out. I expect to see some very expansive moves for Doge here shortly.
Long
by This_Guhy
9
Cue ball sets an example for the marketThe probability of an increase in bull activity is maturing in the market again, let's consider the situation. First of all, the cue ball headed for a 75k retest with a likely overshoot, but a parallel increase in dominance, as I warned in previous reviews. The reaction on the viola should be expected after the cue ball is fixed in the trend and later when taking the level at 75k. In this regard, the first wave of alt activity is likely at the change of the month. I would like to draw your attention to the fact that when the first monthly candle closes in the bullish quarter, the probability of continued growth of the cue ball will increase until the middle of the quarter. According to the cue ball, the second half of the month opened above 65k, which gives a signal for a slow continuation of growth and increases the probability of closing the month with a bullish candle. After consolidating the current weekly bullish trend, which is almost guaranteed, the prospects for the end of the month will become obvious and there is a high probability of tightening the altos to the current cue ball pattern. In this regard, as we approach the end of the month and the growth of the cue ball stabilizes, the probability of viola breakouts increases. Against the background of the positive cue ball, first of all, we can expect an increase in purchases on alt over the weekend with a reversal of weekly candles in bullish and purchases in the second half of next week already for a reversal of monthly candles in bullish. Strong pressure on alcohols is also exerted by the strongly growing dollar, against which the cue ball is trying to grow. This situation is fraught with a breakdown of the cue ball trend, which slows down investments in riskier altos. The same confidence is given to the altos at the end of the month by ether, which opened the second half of the month above 2600, which gives a signal for the test of 2750 and in the case of opening a new month above the level, a breakdown to 3250-3500 can be expected. Until the growth is finally fixed, I am not in a hurry to take new coins to work. I still hold large positions primarily on troy vib and ast, which are in the most oversold position on the binance and do not have a monitoring tag. This weekend and next week, there is a chance of overshooting past impulses with an increase of up to 70-100% from current levels. I also use gft to save funds in the medium term due to high liquidity and derivatives. Among the coins with much larger goals for growth, but also the risk due to the monitoring tag, oax ooki is the most interesting. For security reasons, these coins can be taken in the second half of the week, since delistings most often take place in the first, and as reliably as possible on weekends. Last weekend, oax took a nice walk due to the presence of a pair to btc and more liquidity, ooki did not have enough liquidity for significant growth. This weekend, given the last bullish candle, oax has a chance to try to go to the test of the target range 0.25-35. At the end of next week, this probability will increase further. Ooki also has a growth potential of up to 100%+, however, due to low liquidity, it should be counted on last, already in the case of a large wave of growth in oax.
BITSTAMP:ETHUSDLong
by Strateg_
BTCUSDT KEY LEVEL📌 Trading Instrument: BTC/USDT 🔶 Key Levels and Scenarios 🔶 📝 Market Overview: BTC is currently in a critical zone where it could either continue its bullish momentum or see a breakdown from the current trend. The market remains bullish until it breaks below 67.6k, which is the key diagonal trendline marking the end of the impulsive movement from the bottom of the channel. On the 4H timeframe, there is a bearish divergence between wave 3 and wave 5, which signals potential weakness. However, this does not mean the market can't go higher. In fact, unless the oscillator (RSI) makes a higher high (HH), this divergence remains valid. If the RSI pushes higher than 77, the bearish divergence will be invalidated, and we could see BTC continue its bullish trend. 🎯 What to Do Now? No current position? It's advisable to stay out and wait for a clear breakdown or breakout to confirm direction. Breakdown Scenario Key Breakdown Level: 67.6k If this level breaks, it will mark the end of the current bullish momentum. In that case, expect targets at: 65k 63.8k 62.6k (aligns with Fibonacci levels 0.382 - 0.5) Further Downside: The 0.61 Fibonacci retracement is likely to be the final target in a breakdown scenario, aligning with target 3 on the chart. Breakout Scenario Key Breakout Level: 73k A breakout above 73k will invalidate the bearish case and could lead to an explosive move toward: 100k – 110k. Divergence Invalidation To invalidate the current bearish divergence, the RSI needs to rise above 77, confirming higher prices. Otherwise, the market could reverse at any time. 🚨 Strategy: Stay cautious. If you're not in a position, it’s best to wait for either a confirmed breakdown below 67.6k or a breakout above 73k. Both scenarios offer clarity on the next major move. 🔶 Important Note: 🔶 Based on the rejection and the market's movement in the coming period, we will be able to determine whether the market is heading towards a new All-Time High (ATH) of 100-110k, or if we are in for a deeper correction with potential targets of: 58k 48k 44k 40k The market reaction at these critical levels will guide us in identifying the next major trend shift. 🚨 Disclaimer:🚨 This is not financial advice. Always conduct your own research and trade responsibly. Markets are highly volatile, and you should only invest money you are prepared to lose.
by RhinoAkaBear
Ready to correct with a stop loss limit trail in BTCAs mentioned in the previous analysis, as long as we are in the bullish time frame of 4 hours, we can look for a long position in the direction of the bullish market structure, and from the declared area, the long trade is active, and at 68500, half of the profit saving trade volume and the stop loss limit have been trailed, which is expected The price is going to be able to reach the high of the channel that overlaps with the weekly unmitigated wick midline, which has to be seen if the main fall can start from this area or if the high of 70,000 is going to be hit. If the high of 70,000 is reached, we will see an opportunity to buy every action up to the area of ​​61,000 as we specified in the weekly analysis, but if the price cannot reach the ceiling of 70,000, we can have deep falls even up to 49,000.
by MrHunterTradeInsight
2
BITCOIN - Price can make correction and then continue to riseHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to wedge, where it at once declined from resistance line to support line. Also, it broke $58900 level, but later BTC backed up and broke this level one more time, after which made a correction. Then price in a short time rose to $65800 level, and even entered to support area, but then bounced down. Price exited from wedge and then started to trades inside triangle, where it fell to support line first. After this movement, BTC started to grow and soon reached $65800 level, broke it, and now trades close support line. Possible, price can exit from triangle, fall to support area, and then bounce up to $71500 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
BTC: Facing Resistance at $67,500, Potential Downside to $65,700hello guys. Resistance at $68,400 (Top Line): Bitcoin is testing a strong resistance at $68,400, having failed to break above this level multiple times. Engulfed Area: The engulfing pattern visible below $67,000 signals a potential bearish sentiment that could drive prices lower if it fails to hold the current resistance. Potential Drop: The chart suggests a possible drop towards the $65,700 support level, which is a critical area of demand. Support Zone: The blue-dashed line around $65,700 indicates a key support level where buyers could potentially step in. Bearish Short-Term: If the top resistance continues to hold, the price is likely to head toward the lower support, suggesting short-term downside potential. if the $67500 breaks down we can expect this scenario to happen!
Short
by melikatrader94
4
10/17 Give us a healthy pull back. Overview: The AMEX:SPY continues its upward trajectory, hitting new all-time highs. The bullish momentum is supported by more companies exceeding earnings expectations this week. Despite rising unemployment and persistent inflation, corporations are posting record profits. It’s a reminder that the stock market and the economy don’t always move in sync. The NASDAQ:QQQ , representing big tech, is hovering near its all-time high but struggling to break through. The Federal Reserve reported fewer initial jobless claims at 241k, a decrease from last week, but still higher than the average over the last three years. The CME Watch Tool now indicates a 9.3% chance of no rate cut in the next meeting on November 7th, influenced by these labor market figures. Meanwhile, a surge in BTC ETF purchases has been observed throughout the week. Yesterday, BlackRock acquired $309 million worth, nearly tripling its average of $117.4 million. This marks their fourth consecutive day of buying. Even Grayscale joined the action. Altogether, $1.854 billion flowed into BTC ETFs this week. This could either mark the peak of the sixth bullish wave or set up a breakout from the year-long bullish flag pattern. BTC saw an 8% rise this week, making it one of the top five best-performing weeks of the year, including February's pump following BTC ETF approval. However, the volume remains lower than expected. For a full trend confirmation, we need institutional whales to join in. If we are indeed breaking out of the bullish flag, the volume should match levels seen at the beginning of the bull run in October and November 2023, when weekly volumes were 80-100% higher than this week. BTC Technical Analysis: W: On the weekly chart, BINANCE:BTCUSDT candle wick has reached July's open and close but hasn't tested its highs around $70k. A close above $68.2k this week would be a bullish signal. We still have Friday, but the weekend isn’t likely to bring much action. D: BTC has been at the upper Bollinger Band for four consecutive days without any correction or pullback. The candles are reminiscent of the week of September 3rd, which saw an 8.5% pump, followed by a fake breakout and an additional 4.54% rise before a sharp decline wiped out all gains within ten days. A healthy pullback could target the $64-68k range—but of course, the bullish sentiment says, "No pullbacks on the way to the moon!" 4h: The current pump started at the key 2024 level of $62.7k, rising in three waves. The third push had lower volume, signaling a price-volume divergence. RSI has exceeded 70 twice and is now trending down, showing divergence with the price. On-Balance Volume (OBV) and Cumulative Volume Delta (CVD) also indicate divergence. Without a clear shooting star candle with high volume, nothing is confirmed yet. We might see some sideways action over the weekend before a possible breakout on Sunday evening. 1h: Bearish. Alts Relative to BTC: ETH, SOL, and NEAR are showing weakness. None have reached their July peaks like BTC, and they have all pulled back after this week’s pump. Quick question: Does MKR have a bottom? Bull Case: If we continue breaking out of the bull flag, the pump could extend into next week, with potential gains of another 6-8%. If Trump wins and crypto rallies, rates could be cut in November and December, bringing them down to 4.25-4.50%. Bear Case: We could continue oscillating within the $58-70k range, and we are currently at the upper end. Fear and Greed Index: Currently at 58, still Neutral, but it touched the Greed level of 60 yesterday.
COINBASE:BTCUSD
by EvgenCapital
BTC TreysBTC to 33k for various reasons. 1. Since the beginning of Bitcoin, historical data shows BTC does yearly ATH and ATL's. What's interesting the pattern; every year since 2011 we have seen a correction of 60%-80% retracement from the ATH (followed by exponential gains) with the exception of 2024 which we have only seen a 20% retracement. 60-80% retracement for 2024 should put us at (BTC) 15k-30k. 2. Supreme Court grants US Government permission to sell (auction) 69k worth of BTC from Silk Road Case after legal win. Even if they do not sell, this will create a panic and fear and cause others to short therefore helping the price reach our target. 3. Monthly timeframe: we can see ineverted head and shoulder pattern at the bottom between 2022 and 2024 never retested. This is the key to our target as it is slightly above the 60% retracement from last ATH. BTC falling is also supported by the rejection/resistance on the Monthly supply zone which never broke and actually held pretty well. Pattern wise I can see a double top pretty much formed, closing above neckline and retesting the high (bull trap) so in my books this is ready for a sell. Candle wise we had a bearish engulfing followed by the retest of the high I just spoke about. However price failed to close above; still bearish. 4. Weekly timeframe: Pattern - clear bearish pattern anyway you want to look at it; triple top, head and shoulder or double top. Candle - beautiful price action, same as monthly with a bearish engulfing and retest of the high eventually closing under the neckline of bearish engulfing pattern. SPOILER:
BITSTAMP:BTCUSDShort
by TrueGoatTrading
1
BITCOIN 'Angle Theory' unlocking this Cycle. Is $140k the top?Exactly 1 year ago (October 02 2023, see chart below), we published a renewed approach on Bitcoin (BTCUSD) historic Cycles, using the 'Angles Theory' on the logarithmic curve to make a more accurate roadmap of the current Cycle: Back then, the price was 'just' $28000 and a few months later it catapulted to almost $74000. Below we present again the basics of that analysis, in order to refresh your memory. ** Cycle Peaks and angles ** BTC's Cycle peaks in historical order have been $32, $1250, $19800, $69800. They all made contact with the Logarithmic top Growth Curve, a historic pattern that is holding since BTC's inception. Every peak-to-peak measurement appears to be roughly half of the previous peak. The automatic angle measurements on the (red) dotted lines may differ based on the screen's display and how the horizontal/ vertical axis move but on ours (and the screenshot of the idea) goes like this: 42°, 22°, 11°. We estimate a 7° angle for the new Cycle peak on the log Growth Curve. ** Next Cycle peak? ** If we take all previous Cycles and apply them to fit the new price action towards the top of the Log Growth Curve, that 7° line gives a projected Cycle peak within $140000 - 160000 (slightly updated from our study a year ago). It is also interesting to apply the same angle principle to the Cycle bottoms. We can see that those (green dotted lines) can also roughly be half of what the previous bottom was (though the variations are higher). The new bottom is estimated to be on a 8° angle. Remarkably the angles of the tops and bottoms of each Cycle have approximately the same measurements, indicating that despite being logarithmic within a curve, they can be viewed separately in Channels. ** Last year compared to now ** So how has this Theory worked out compared to last year? Well beyond doubt, the Cycle was much more aggressive that the previous two (blue and orange) due to mainly the Bitcoin ETF launch, and is certainly more similar to the first Cycle (black). That suggests that it will top by January 2025 but the Sine Waves Tops, which have caught Bitcoin's cyclical peaks with incredible accuracy, indicate it will be around November 2025. As you can see, this is exactly where the projection of the blue and orange fractals show. But what do you think? Will the current Cycle peak at the end of 2025 and if show will it be at a minimum of $140000 and a maximum of $1600000, as the 7° angle on the Log Curve suggests? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2
EIGEN COIN LONG OPPORTUNITY - ALTCOIN MARKET EIGEN is one of my favorite coins due to its strong fundamentals. Fundamental Analysis: EIGEN has over $11 billion locked on its platform, making it the 3rd highest in total locked value in the entire crypto market. Additionally, it’s the first and best restaking platform on Ethereum. Technical Analysis: EIGEN bounced off the daily demand zone, and the 4H structure has confirmed that the price is seeking upside liquidity/expansion. I expect it to reach these two targets and potentially much higher, possibly even new all-time highs during the next altseason. I believe we’ve hit the bottom for this coin, and I’ve opened a position.
Long
by UA_CAPITAL
FET COIN SWING LONG OPPORTUNITY - AI CRYPTO MARKETAI technology is booming alongside the semiconductor industry, as we saw with massive new all-time highs yesterday (17/10/24). I believe the AI sector within the crypto market will quickly benefit from this trend. FET recently broke its diagonal structure and is currently sitting within the weekly demand zone. I believe we are ready for a takeoff, aiming for a swing trade that could bring us to new all-time highs. Both the daily and weekly demand zones are currently supporting the price. I received LTF (lower time frame) confirmations and have bought a spot position as well as opened a swing long position.
Long
by UA_CAPITAL
Title: Key Support Levels for Short and Long Positions: CriticalIt seems we have experienced enough upward momentum, and now, with the support level at 66,842, a short position can be considered. However, since this position goes against the main trend, it’s crucial to set a tight stop-loss to manage risk and ensure an early exit with a favorable risk-reward ratio. The next support level for this strategy could be 65,359.8. On the other hand, if you're planning to open a long position, you might consider entering at 67,898.7, but be cautious with the stop-loss placement. A wider stop-loss would be advisable, possibly below 66,687.4, to allow room for market fluctuations.
by saeedalipour93
Bitcoin Analysis Update!!Bitcoin continues to trade within a broad ascending triangle pattern, with its recent price action showing signs of strength as it approaches a crucial resistance area. Bitcoin's moves within this pattern indicate increasing volatility, with higher highs and lows. The price is currently testing a key supply zone acting as resistance. A breakout above this level could indicate strong bullish momentum. For long entries, look for a confirmed breakout above the horizontal supply zone, targeting higher levels in the resistance zone. A stop-loss can be placed below the support of the ascending triangle to protect against false breakouts. Bitcoin's ability to maintain momentum and break key resistance levels will be key to confirming the next major move. Keep an eye on this setup and adjust strategies based on price's reaction to these levels. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
by CryptoSanders9563
The Coin Market is Different from the Stock Market Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The coin market discloses a lot of information compared to the stock market. Among them, it discloses the flow of funds. Most of the funds in the coin market are flowing in through USDT, and it can be said that it currently manages the largest amount of funds. Therefore, unlike the stock market, individual investors can also roughly know the flow of funds. Therefore, you can see that it is more transparent than other investment markets. - USDT continues to update its ATH. You can see that funds are continuously flowing into the coin market through USDT. USDC has been falling since July 22 and has not yet recovered. The important support and resistance level of USDC is 26.525B. Therefore, if it is maintained above 26.525B, I think there is a high possibility that funds will flow in. If you look at the fund size of USDT and USDC, you can see that USDT is more than twice as high. Therefore, it can be said that USDT is the fund that has a big influence on the coin market. USDC is likely to be composed of US funds. Therefore, if more funds flow in through USDC, I think the coin market is likely to develop into a clearer investment market. But it is not all good. This is because the more the coin market develops into a clearer investment market, the more likely it is to be affected by the existing investment market, that is, the watch market. This is because large investment companies are working to link the coin market with the coin market in order to make the coin market an investment product that they can operate. In order for the coin market to be swayed by the coin-related investment product launched in the stock market, more funds must flow into the coin market through USDC. Otherwise, it is highly likely that it will eventually be swayed by the flow of USDT funds. Therefore, USDC is likely to have a short-term influence on the coin market at present. - As mentioned above, the most important thing in the investment market is the flow of funds. The flow of funds in the coin market can be seen as maintaining an upward trend. Therefore, there are more and more people who say that there are signs of a major bear market these days, but their position seems to be judging the situation from a global perspective and political perspective. As mentioned above, the funds that still dominate the coin market are USDT funds, which are an unspecified number of funds. Therefore, I think that the coin market should not be predicted based on global perspectives and political situations. The start of the major bear market in the coin market is when USDT starts to show a gap downtrend. Until then, I dare say that the coin market is likely to maintain its current uptrend. ------------------------------------ (BTCUSDT 1D chart) The StochRSI indicator is approaching its highest point (100), and the uptrend is reaching its peak. Accordingly, the pressure to decline will increase over time. - (1W chart) The StochRSI indicator is also in the overbought zone on the 1W chart. - (1M chart) On the 1M chart, the StochRSI indicator is showing signs of entering the overbought zone, but it is not expected to enter the oversold zone due to the current rise. The movement of the 1M chart should be checked again when a new candle is created. - You can see that the StochRSI indicator on the 1M chart is the most unusual among the three charts above. In the finger area on the 1M chart, the StochRSI indicator was in the overbought zone, but it is currently showing signs of entering the oversold zone. Therefore, you can see that the current movement is different from the past movement. Therefore, I think it is not right to predict the current flow by substituting past dates. ------------------------------------------ I wrote down my thoughts on the recent comments from famous people who say that the coin market will enter a major bear market along with the stock market. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
CRYPTOCAP:USDTEducation
by readCrypto
$BTC update on weeklySo far, all my forecasts have been accurate, and on the weekly timeframe, you can see that we are heading towards a bullish MACD cross. The RSI confirms this with a bullish divergence. It’s logical to expect another pump before the bear market, which will eventually reset the MACD into the lower red zone and the RSI into oversold territory (over the next 1-2 years according to the 1W timeframe). In case of invalidation—if the MACD falls below my yellow line—we could enter the bear market early. While this is a possibility, it’s not the most likely scenario at this point.
by CryptoNikkoid
2