Lit Looks Ready For 300%+ Bullish Rally Seems Like Lit Ready for Massive Bullish Rally Formed Text Book Symmetrical Triangle In 3 Days Timeframe Expecting Massive Breakout Soon Incase Of successful breakout expecting 300%+ bullish Rally Keep Eyes On for Confirmed Breakout
Btc-usdt
🔥 Bitcoin Stochastic RSI Signal +838% Average Gain? Bullish!If you enjoy this analysis, please give it a like and a follow.
The month has not closed yet, but it appears that the slow Stochastic RSI (orange line) will close above the 80 line for the first time since November 2021. I've made several bearish analyses over the last few weeks, but this one is a more bullish one (on average!).
Historically, once the orange line from the Stochastic RSI closes above the orange line it means that a pump is coming. 3/4 times a very decent move has occurred from the moment it went over 80, till it crossed below 80. On average, a +838% move has followed.
We can say with quite some certainty that a +838% move is out of the question. Still, the market has historically performed well.
Personally, I'm anticipating a move like in 2019, where the orange line reached above 80 and moved below it in the following month.
Is this bullish to you? Share your thoughts in the comments 🙏
Bitcoin outlook: BullishUpon conducting a comprehensive long-term analysis, it becomes evident that Bitcoin's current valuation persists below its median threshold. Nonetheless, an intriguing potential for a more pronounced bullish trajectory remains, poised to unfold before any significant bearish tendencies take hold. At the heart of this analysis lies a median value of 36094.0, an anchoring point that draws attention to a desired cyclic range spanning from 29507.2 to 42680.8. It's important to note that the attainment of this extensive range remains speculative, given the multifaceted uncertainties prevailing within the western markets, with a focal point on the United States where legal ambiguities cast their shadow.
The unique strength that propels Bitcoin forward is inherently rooted in the foundational tenets of the proof-of-work principle, which serves as the bedrock of its decentralized structure. This decentralization stands as a critical linchpin for Bitcoin's sustenance and endurance amidst an ever-evolving landscape. Operating on a proof-of-work consensus mechanism, Bitcoin orchestrates a global network of miners whose collective endeavor validates transactions and reinforces the network's integrity. Through an intricate dance of computational prowess, these miners solve intricate mathematical enigmas, fortifying the very foundations upon which the blockchain rests. This intricate tapestry of decentralized participants meticulously thwarts any attempts at monopolization, shielding the system against undue manipulation, censorship, and the peril of consolidated authority.
In stark contrast, a transition of Bitcoin to the proof-of-stake paradigm would inevitably usher in a shift toward centralization, undermining the robust decentralization that stands as its hallmark. Such a transition would confer decision-making power to those holding the largest coin stakes, thereby disturbing the democratic equilibrium that defines the present landscape. This transition threatens to erode the resolute strength of the proof-of-work mechanism and elevates the susceptibility to centralized control, presenting a potential vulnerability to the very ethos that has propelled Bitcoin to the forefront of digital currency innovation.
Inextricably linked to this discourse is the onset of a bear market, which emerged on November 14th, 2021, an event that can be construed as a requisite course correction following a period characterized by an unhealthy and excessively bullish market upswing. My conviction is rooted in the belief that for Bitcoin to chart a sustainable growth trajectory, it must adopt a cyclically balanced approach, steering clear of the tendencies that lead to over-reliance and unchecked growth. Notably, the ongoing reliance on Bitcoin as a reference currency paradoxically impedes its untapped growth potential, raising pertinent questions about the need for diversification in its utilization.
BTCUSDTThis is a 1D frame analysis for BTCUSDT As expected, after bouncing off the support line, the price encountered the first resistance line and started to move upwards. As per our previous analysis, we expect it to reach the desired line and then, after demand, to move powerfully towards the resistance lines. Keep in mind that after the price bounces off the demand line of Bitcoin, it will stabilize above it and keep an eye out for the consolidation patterns that may provide support and cause the price to slowly go up after a short spike. We can then take advantage of this by making a ladder buy. Investors should definitely adhere to this and make ladder buys.
🔥 Bitcoin's Most Boring Bullish Phase Ever? 💤If you enjoy this analysis, please give it a like and a follow.
Since the start of 2023, Bitcoin has been in a bullish phase after 14 months of selling. Personally, this is the most boring bullish phase that I can remember.
As seen on the chart, this whole mini bull-run has been the result of 12 big green days. We're now 217 days into 2023. What generally happens is that we get a couple of green days where the magic happens, followed by weeks of slow bleeding.
Surprisingly enough, the overall market structure still looks bullish to me. Bulls are in control as long as we're above the dotted support line. However, volume has dried up, which is rarely bullish.
Like I mentioned in yesterday's analysis; Bitcoin is at a crossroads. We're either going to see a big pump in the near future (a few big green candles, followed by weeks of bleeding), or we're going to break below the dotted support.
Seeing that volatility is at historical lows, it's more than likely that we're going to get some big price action in the near future to end this boring market. Furthermore, this is just a phase that we have to get through before the 'real' bull-run will start somewhere after the 2024 halving.
BTC TRADING IDEAHey Trader,
Check this trade out on BTCUSDT.
There is a possibility for BTC to break below the current demand zone (same zone that has once been used as supply.
A break below this zone could mean BTC heading back to $20k or even further down to monthly low of $15k.
Alternatively, if the price break above the roof (upper band of the descending triangle) then a further retest of $30k and $35k is very possible.
Keep a close tab on this.
Burger Coin Breaking Out Of The Channel Looks Juicy For Short Term Formed & Breaking Descending Channel Incase Of Successful Breakout Expecting Massive Bullish Impulse Keep Eyes Lower Timeframes Too Incase Of Successful Breakout Expecting 75 to 80% Bullish Wave
🔥 Bitcoin FOMC Bullish Reaction: Wait For ConfirmationThe FOMC meeting has just concluded, and the FED has raised the interest rates with 25 basis points. Since the initial reaction is bullish, I'd like to explore the idea that we're going to see a strong switch in trend from this point onwards.
The dotted diagonal resistance is currently the main area that BTC has to break through. Be patience for the break out before considering a bullish entry.
Target at the July highs, stop just below the resistance line.
🔥 Bitcoin Extreme Low Volatility: Big Move Coming!In this analysis I want to take a look at Bitcoin's extremely low volatility. I'm using my personal FREE indicator FT Volatility Depth which you can try for yourself over here:
Every time that this indicator flashes green (= low volatility), the market will make a big move in the near future. The market switches between two periods: periods of contraction (now) and periods of expansion (volatility). Put the indicator on your chart and see for yourself!
With next week's FED interest rate announcement, some volatility is to be expected. Maybe the market is preparing for it?
At the moment, the risk is to the downside. Stocks are falling and can potentially drag BTC down. Anyway, as long as the bottom support holds, the long-term trend is bullish.
You think we're going to break down or up? Share your thoughts 🙏
BTCUSDT.4HBitcoin's price trajectory has recently taken it into its weekly supply range, situated between $31,000 and $32,500. The price has responded with volatility within this specific zone, breaking free from the constraints of its preceding one-month range. More specifically, the daily close settled below the psychologically significant level of $30,000, indicating a potential shift in market sentiment and trend direction.
In the event of a price retracement back to the $31,000 region, close attention must be paid to the behavior of sellers. Should we see evidence of increased selling pressure, we could expect a further decline in price, prompting us to align ourselves with this bearish sentiment and consider selling.
Simultaneously, we're observing the emergence of a support range spanning from $28,000 to $28,500. The price appears to be moving towards this zone, triggering expectations of a potential price rebound. Should this scenario unfold, an increase of $1,000 to $1,500 in response to this zone would not be an unlikely outcome.
However, should Bitcoin's price fail to hold this support range, we anticipate the next area of substantial support to be found between $26,300 and $26,700. This region could serve as a crucial line of defense against further price deterioration.
Worth noting is the recent upward momentum exhibited by Bitcoin within its trading channel. This bullish activity, combined with the completion of a previous movement phase, provides a promising backdrop for potential future price advancements. Consequently, should we see a resurgence of demand in the support zones, we would consider buying, with an intermediate-term price target ranging from $35,000 to $36,750. This strategy will be employed in hopes of capitalizing on Bitcoin's potential for recovery and further upside movement.
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!My short-term view on the markets:
Bitcoin is looking bullish long-term. However, with the failure of breaking through 31,000 it becomes more likely for BTC to fall. The bottom dotted support line must hold to keep the long-term bullish trend intact.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
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BTCUSDTThis is a 1D frame analysis for BTCUSDT We first analyze the weekly time frame of the market and then move on to the daily time frame. Currently, with the pressure of selling on the first resistance area and the weekly candle closing, we can consider a star follow-up candle that can give us a corrective market rise at the resistance level. However, until the price is above the yellow support line, we are in a state of flux, and you dear companions know that technical analysis can never see everything and other events can change the market trend. We first analyze the weekly time frame of the market and then move on to the daily time frame. Currently, with the pressure of selling on the first resistance area and the weekly candle closing, we can consider a star follow-up candle that can give us a corrective market rise at the resistance level. However, until the price is above the yellow support line, we are in a state of flux, and you dear companions know that technical analysis can never see everything and other events can change the market trend.
Ooki Breaking Out Falling Wedge Breaking Descending Wedge In 3 Days Timeframe In case Of Successful Breakout Expecting 200 - 220% Bullish Rally✅
For Entries Look At lower tf Breakout
BTC ANALYSIS 15/7/23BYBIT:BTCUSDT.P
Goodmorning people its currently 11:29am here in AUS on a fine Saturday and I've just been looking through all the charts and other things and couldn't help but notice that all Thursday's gains on BTC got eaten up. But for a trader like me we are on the way to our next support SO what to do now? what you need to do now is use your patience and focus on your self-control. Wait for the market to find this support and not just the first wait for a double or triple bttm even. this drop comes from the ripple news after a court hearing. I don't get into news at much, but I do like to know why the market dropped.
Things to take out of today:
*Patience for me comes in now more than ever.
*Emotionally I feel tired after a night shift and a big day of trading and training! so I'll take today off to spend with my beautiful family.
*Keep an eye on that 200EMA for a support (alerts)
Thanks guys.