Bitcoin Post 4th Halving Price Prediction for 2024Hello my friends!
I am back after a long break. Bitcoin has just experienced it's 4th halving event.
I took it upon myself to look into past Bitcoin price movement patterns, looking into how Bitcoin's price reacted immediately after Bitcoin experienced a halving event. I'm primarily using a historical time-based analysis approach.
Here are my findings:
- Bitcoin's prices seem to hold for about 60 days, and then either pump or dump.
- Bitcoin appears to experience its constant bullish price movements (bull run) 60 days immediately after each halving event.
- Bitcoin appears to reach its final top 133 to 525 days after each halving event (average is 329 days).
- Bitcoin appears to reach its top every 1162 to 1449 days each time it touches the upper trend line.
- Bitcoin is currently in a major Cup and Handle pattern spanning from 8th of November 2021. We are currently in the 'Handle' phase.
My Predictions:
- I predict that Bitcoin will go down to 52000, and hover around 53K and 54K for the next 2 months (29th of April 2024, until the 4th of July 2024).
- I believe we will promptly head back to 70K at around the 11th of July 2024 (± 5 days).
- I predict that there will be a FOMO event once we break all-time-high (73K), and a major psychological FOMO event once we reach 100K as everyone tries to get their hands on some Bitcoin before it's price gains another significant figure for the first time since November 29th 2017 (9999 -> 10000).
Entry and Exit Strategies:
- I believe we will reach tops of anywhere between 160K to 185K sometime in December 2024, which will be the most ideal time to exit one's Bitcoin position.
- Possible entry options are 52-58K , and 78K-88K (once we exist the Cup and Handle).
- The least riskiest entry option is approximately 62 days from the 4th halving event, just as it's breaking upward past 57500.
Don't forget, Patience is Paramount.
Happy trading :)
Btclong
!BTC/USDT 4HOUR CHART UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Today's BTC update will be concise. Observing the 4-hour chart, it appears that BTC's 21-day moving average has been breached. Consequently, BTC might experience a surge today, potentially influencing its associated legacy markets.
However, failure to breach the 21-day moving average on the 4-hour closing could lead to a notable decline in BTC, which may also impact ALTcoins negatively.
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BTC/USDT 4HOUR CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
#BTC/USDT Update: Bitcoin sees massive selloff
I have been keeping you updated on the recent movements of BTC and the result is clear.
Over the past few days, we have seen a massive dumping of Bitcoin, resulting in a significant drop in its price.
Despite ongoing efforts to monitor and analyze the market, selling pressure has intensified, causing a significant decline in the value of BTC.
It is important to remain cautious in such times of volatility and uncertainty. Although the current situation may seem challenging, it also presents opportunities for those who are prepared to operate effectively in the market.
As always, I will continue to provide updates and insights to help you stay informed and make informed decisions in your trading journey.
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Bitcoin swing trade 10RRPotential 10RR swing trade BINANCE:BTCUSDT.P
Possible Targets and explanation idea
➡️Watch the logic of entry! Not a 100% so we will sweep 5 march low but looks logical
➡️On a screen just a local range PWH will be like a target for take profit
➡️PDL and sweep March low will be the logic for entry with stop loss
➡️Mark your own leverage and count own stop loss properly
➡️PDH will be also like a first target to fix %
➡️Trade on indicator yesterday we got buy signal with small +3% bounce
➡️30 April yesterday we saw the money inflow by Money Power indicator
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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My BTC buying Zone V.2.0This is simply an improvement to my last chart. It shows where I am most willing to buy BTC and where I am not.
What is DCA? Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the asset's price and at regular intervals.
BTC/USDT 1DAY CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BTC continues to oscillate within the $60K to $70K range, unable to decisively breach either level. The Relative Strength Index (RSI) has also stabilized around the 50% mark, indicating a balance in momentum.
Currently, BTC appears to be retracing towards the $60K support zone. Should this level fail to hold, a significant breakdown could occur, potentially leading to a substantial decline towards the 52K region.
Conversely, if the market manages to surpass the $70K threshold, it would likely pave the way for a new all-time high. As such, traders are closely monitoring these key levels for potential breakout or breakdown scenarios.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade.
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BTC/USDT 4HOUR UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update.
BTC is presently exhibiting a symmetrical triangle pattern, with resistance from the Ichimoku cloud and the 100-day moving average. Moreover, the MACD crossover suggests a potential shift toward bullish momentum. Thus, it is prudent to exercise patience and await a clear breakout or breakdown of the triangle for confirmation of the upcoming direction.
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BITCOIN 4 HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
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#BTC/USDT There is no difference in the updates of BTC, for this, I have been continuously updating you guys for a few days and the result is in front of you.
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We are fulfilling the bullish "Megaphone Pattern"! $85,000 soon?We have been building a bullish megaphone formation for over 3 years now and looking at the 1T timeline, we are getting closer to breaking it.
What is Megaphone Pattern
This formation consists of 5 swings, i.e. at least two higher highs and two lower lows. It is relatively rare compared to other triangles or flags. Typically, this pattern is visible when the market is at a top or bottom. The longer the time frame, the better, the pattern will work, also considering that it is on a weekly chart and currently lasts about 1190 days, increases its probability.
Currently, the most important resistance that we need to stay above is the previous peak of the bull market, i.e. $69,275. If we break this level and stay above it, the next stop should be around $86,000-$90,000, depending on how quickly we get there. The faster you go, the lower this level will be. After the breakout, we should retest the upper wall of the formation, which would confirm another upward swing around $100,000. I would like to emphasize that this is only a formation from technical analysis, which is not 100% effective like any other and there is no guarantee of breaking the upper wall of the formation. Although looking fundamentally in the coming weeks in which we are now (cyclicality, inflows from ETFs, we are after halving, soon ETF on ETH and presidential elections in the USA), I think that the probability of coming out on top is certainly higher than lower 📈
Have a nice day 😉
BTC/USDT 4HOUR UPDATE !Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update.
Looking at the BTC 4-hour chart it seems that BTC should be dumped from here but if BTC breaks $67000 from here then there will be an upside
So this will invalidate my charts and BTC should dump about 10% to 15% from here
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BTC 4 time frame shows a good Bullish DivergenceAgain, the BTC 4 time frame shows a good Bullish Divergence, and if the above trendline breaks with good volume and the price trades above 63049.9$ and closes the candlestick, the price can break above the 64, 66, and 70k mark. Be patient until the RSI rises above the 50 level.
BINANCE:BTCUSDT.P
#BTC/USD WEEKLY CHART UPDATE !!Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
BTC Weekly Update.
As we can see on the weekly time frame chart, the last time BTC broke a triangle pattern followed by an all-time high, and now on the weekly chart, BTC is being seen forming a head and shoulders pattern.
If the weekly chart is going well then BTC may have to take it to $31500 to become the second shoulder of the inverse head and shoulders and once BTC completes the inverse head and shoulders pattern from here we will see the upcoming halving. Before this, we will see a bullish trend in BTC.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
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BTC may face rejection from 66800. 25MA is registered
And yes fell back and $61000 is its support level.
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$EDU looks ready for bounce Sure, here's a concise explanation of demand and supply trading in four points:
1. **Identification of Supply and Demand Zones**: Traders analyze price charts to identify areas where supply and demand imbalances occur. Supply zones are where there's an excess of sellers, causing prices to fall, while demand zones are where there's an excess of buyers, leading to price increases.
2. **Price Action Confirmation**: Traders use price action confirmation techniques to validate the presence of supply or demand zones. This may involve looking for specific candlestick patterns, volume analysis, or other technical indicators that indicate a shift in supply or demand dynamics.
3. **Trade Execution Based on Zones**: Once supply or demand zones are identified and confirmed, traders enter positions based on their trading strategy. They may sell or short at supply zones and buy or go long at demand zones, aiming to capitalize on price movements driven by these imbalances.
4. **Risk Management**: Proper risk management is essential in demand and supply trading. Traders set stop-loss orders to limit potential losses and manage position sizes to protect their capital. By managing risk effectively, traders aim to preserve capital while maximizing profits from successful trades.
BTC/USDT 4HOUR UPDATE. Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update.
Looking at the chart it seems that BTC can reach $67000 from here.
Strong Support for BTC Only $61000, BTC Halving Completed Just a Few Hours Ago
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BTC TWO SETUPS FOR LONG Two setups for long BTC. I'm waiting for the price to be decided so I'll see how I react. Right now, the killing is on both sides and there is no need to be exposed.
The first thing I look at is that there is still space until the end of the c wave, which can also be seen from the Fibonacci pattern. From that point of view, B has gone high, which gives the possibility for C to go down to 57k, where there is also 100DMA - perhaps a safer entry.
The second picture because he currently showed the strength of what the reaction will be from the 65500 and 68000 zones because the halving is going on. Follow what the hourly correction is doing there, because after the halving it can be sell the news
BTC/USDT 4HOUR UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update.
Looking at the chart it seems that BTC may bounce to $63000 from here.
BTC had broken the old support a few hours ago and has come back above it and closed but we cannot understand this strength.
The strong support for BTC is only $52000 and there is also BTC halving in the coming few hours.
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BTC/USDT 4 HOUR CHART UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
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Please share your opinion in the comment section.
BTC can bounce to $ 68,100 from here and yes there is a resistance zone that has to be broken it will not be easy for BTC right now and BTC can break down from here.
This chart will be invalid if BTC closes above $69000.
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Bitcoin crash tunnel (80000 / 12750) |||| ●●●● Alert ●●●●Due to the closing of the Bollinger band between the two black lines, this part of the chart will no longer be scrolled. As a result, if the price enters point A from above, it will leave point B in less than a few minutes, and Bitcoin will crash 100% to 12750 in the next two to three days
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 1-day update.
the past month, the price of Bitcoin has been stuck inside a large symmetrical triangle pattern on the daily time frame.
Nevertheless, it is currently testing the higher range of the pattern, trying to break above the $70K level. If there is a bullish breakout from the triangle, there will be a positive continuation and, after that, a new all-time high potential.
I have tried to bring the best possible results in this chart.
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BTC/USDT 4HOUR CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update.
There is no change in BTC, everything is normal, there is just a resistance above $72700 if it is broken then BTC will go back to its new all-time high.
I have tried to bring the best possible results in this chart.
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