700K BitcoinAn idea for BTCUSD showing curved channel periods using arcs.
I am suggesting another period like the one we saw in 2017, with the middle in orange being a less bullish period.
700K aligns diagonally with the 2017 top, it also aligns with 2.618 fib of the recent bear market.
Linking relevant charts below.
Btctrend
BTC going Bearish?BTC already broke the 297xx and is now trying to break past 286xx resistance which is now I'm looking as my support. If it breaks it then it is possible we face another sideways market for days in range of 265xx support and 286xx resistance. Once the said 265xx It could mean we are possibly going to experience a more downside momentum.
This is not a financial advice, please always do your own research.
BTC D Simple Analysis - Altseason StartBasically, bitcoin's dominance was rejected at a historic high, this could perfectly mean the beginning of another altseason, the ideal was from now on for bitcoin to remain at the same levels or rise while its dominance goes down, I fully believe that dominance may reach 40-41% again, and that many altcoins will rise in the coming weeks.
DXY Dropping... Crypto Rally To Continue?On this DXY chart or 'map' I've outlined where the corresponding Bitcoin and crypto price movements should go with the DXY rising or falling.
Weakness in the dollar, and the specter of losing it as the world reserve currency, and more countries joining the BRICS nations, the DXY is under heavy pressure.
In this graph we can see that the BRICS GDP has now surpassed the G7 GDP, and we can see that there is a clear change in trend.
i.redd.it (Not my chart)
Based on this, a continuation of the DXY falling here should correspond with a rally in BTC, ETH, and crypto as a whole.
A break of the DXY below 100, and we're into the 'Crypto Super Pump Rally Zone' and I see Bitcoin shooting up to the FWB:48K - HKEX:52 Golden Pocket retracement zone.
What do you think?? :)
Predicting Bitcoin tops and bottoms using halving dates.I thought I will share with you what I found out. Apparently by measuring time from the halving you can more or less guess the bitcoin tops and bottoms and/or correction or dead cat bounce to safely sell what you got. This is not going to show you perfectly where to sell and where to buy but it is not for that, this is to help long term traders when to scale in and scale out of the market, regardless of the price. It can be hard, as you know everyone at the top screams for higher targets and at the bottom for lower. I hope this will help you out. And feel free to do a different measure of your own, Just put halving dates and start from there. Thanks!
BTC/USDTThe current trend is upward, but we have three situations ahead of us
1- Orange channel: because it has hit the of top the channel, it is likely to correct and continue to the bottom of the channel, which can move to the range of 27k and then to 32.5k, which according to the head and shoulder pattern in RSI, this movement can be considered probable.
2- It can break the top of the channel and move towards higher targets (if it breaks the resistance of 32.5k, it can go up to 34.5k or if it cannot break the resistance of 32.5k and correct it)
3- It can descend from here and break the bottom of the channel and move towards 20k.
But in case of decline, it will definitely be supported by ma100.
And a very important point:
At the moment, the dominance of Bitcoin has reached the top of its channel, if it goes down, it is in favor of altcoins, if it goes up, it is against them.
My prediction is that Dominance will rise and Bitcoin will range so that altcoins will not suffer too much, in which case we will see an alt season similar to 2020 in the future after Dominance falls from the upper limits.
BTC/USDT BinanceBTC/USDT Binance
4H hollow candlesticks
After a +30% gains, a consolidation movement follows.
It seems that an asymmetrical triangle has been formed.
The rule says, that since the price entered from the bottom of the triangle, the breakout will be occurred upwards.
The extension of the golden ratio of the Fibonacci retracement, indicates the main support area and the corresponding resistance level as well.
It's only a matter of time before the price breaks HKEX:30 ,000, thus continuing the next Bull Run.
Bitcoin (BTC) = HKEX:28 ,443.78 +1.81%
= 15.23 ETH +0.96%
Market Cap: HKEX:1 ,191,552,450,944
24h Vol: HKEX:29 ,279,433,343
Dominance: BTC: 46.2%
ETH: 18.9%
Good Luck
#CryptoHellas Team
Bitcoin trend predictionHello to all,
First of all, the market does not have a specific trend and we are definitely facing two possible market trends in the short term.
The first path: increase in price to 28,850$ and then reach the price of 32,000$ and return to 28,850$ and then rise to 36,500$.
The second path: price drop to 25,285.
The important issue is that if any of these two paths are followed, eventually the market will move in the price range of 36,500$ to 25,285$ and this trend will continue until Monday, June 19.
Market support will be 22,000$ if the price falls.
Be happy and trade wisely! 😊
$BTC broke outside of GC Channel 35-40K$BTC has successfully broken from 5D Gaussian Channel and its heading towards upside , while there can be dips and corrections , we may be heading to 36-40K for a relief rally and a big short squeeze , once people start calling for 100K again $BTC will strongly pullback creating a base and taking liquidity for next bull run! Take advantages of this frends and be cautious use tight stop losses in your trades 2-3%.
BTCUSD: Market manipulated?Overanalyzing is not always required as sometimes the simplest things can yield the desired outcome. As the economy becomes more stable, gold loses its appeal as a safe haven, and bitcoin loses its attractiveness as a lucrative investment option.
Anticipating a potentially significant drop in the value of bitcoin!
BTCUSDT - will there be a breakdown of the 30000 level?A strong seller sat above the level of $28,470, and for 14 days it has not been able to gain a foothold with a single bar above this level. Local rollback from replay is very likely. To continue the growth, it is necessary to fix the higher level, but after 45% growth without corrections, it will not be easy to do this.
Before lowering the price below, in my opinion, there should be a test of this level of $30,000-30,900
Despite the fact that we have a strong seller holding the price, I believe that this should happen, since there are a lot of Stop Losses collected at these price levels
Not least important is that always
before an aggressive drop, which is expected in the near future, there is usually a false pump, which removes liquidity to buy and rebalances the price - these are opportunities for opening short positions.
Now I am considering two scenarios for the price development to $24,000:
1. After updating the short-term low ($27,500);
2. After updating the high of the previous month ($30,250);