Btc_usd
Bitcoin LONG NOWWWWWWWWWWWHello traders
Sinnce we are already form a impulse Wave A or suspected wave 1
in the intermediate shorter we should see a higher scale Wave C forming (or wave C) , we will decide after it passes through the previous 25000 high
if we break above successfully, then see you 50K
BTC Macro bottom will be decided by PizzaBitcoin macro bottom may be decided by a macro pizza on RSI indicator.
In my humble opinion for the pizza to work out in the greatest way, BTC should go lower on price but not making new lows on RSI ,thus bullish divergence of a strong variety will occur.
Non financial advises just educational stuff :).
BTC falling wedge breakout BTC / USDT
–BTC made a long wick to hit stoplosses of buyers but never close below major support
–Today we see a breakout from falling wedge mentioned in my previous idea
–Priority in short term for bulls, targeting 21k and 23k
Don’t forget to like and share for more ideas
Smart money accumulates, & dump money pays the billnon-technical indicators:
- BlackRocks Partnership with Coinbase to serve instituional clients
- MicroStrategy is planning to buy more 500mil$ in BTC
- While still under the set production targets, OPEC has managed to lift its production in every month since May 2020, although it has failed to meet its full production
- The FED announced today that it could cut the interest rate in 2023 by 50 basis points. Since the Fed is very cautious with such statements, one could expect with a market improvement, much higher rate cutes
- Increased meaningful regulation and more and more adoption around the globe
- Commodity and oil prices are falling (hot summer is over which usually have higher Oil demand)
- M2 Money supply is still gigantic despite QT and interest hikes
- Wage/price spiral has made many things more expensive in the long term, btc has to follow on some point.
- Amount of fudders using the word recession is getting lower (Google Trend search)
- Amount of crypto search on Google trends is on the same level as july 2021
Technical indictators:
- Last time 50 EMA crossed 100 EMA, bottom was in
- The last 3 bottoms of BTC were all marked by a sideways accumulation phase
- DXY parabolic move has sooner than later come to an end
b]Problematic indicators that remain:
- Europe's recession is still in, while US/Asia is already focusing towards a recovery
- Ukraine war/potential Taiwan war
What I expect: Acumulation next 30-45 days, then recovery towards 25-35k end of this year, then 12 months straight bullrun to december 2023.. Peak around summer 2024.
Disclaimer : The information mentioned in my post should be taken with a grain of salt. They are my personal opinion and do not form facts. They are also not a call or recommendation to open trades, do trades or close positions.
Possible (W) pattern for BTCBTC / USDT
BTC hit my first TP in my last analysis and still moving
Check previous idea here :
What Next ?
With that big green candle at support marked in my chart (possible reversal candle)
We now see a high chance for the price to make a (W) pattern or double bottom pattern toward 25k in next few days
Are you agree ?
Share with us in comment section below ⬇️
BTC USDTIm so excited and very happy keep eye on my analysis please
Respect the chart most of the things i have falling wedge chart almost done the challenge now we have is 24,400 we have resistance there and same time is the breakout area as well
Let’s prepare for it and see the amazing pull market its the time for the alt coins season , im prepared and with all negative news about BTC currently but im looking to the chart in different way maybe im not the best but I believe on study and analysis it’s based on below
- rush time ( history)
- Support and Resistance
- when the purchase is the most and the trading was before
- volume of the market one of the best thing as well
Best of luck to everyone
See you next week ✌️