#BTC/USDT #Analysis Description --------------------------------------------------------------- + BTC has experienced a significant correction from the 70k range. + Currently, the price is within its well-tested support range around 60K-63K. This support range has been tested three times, with each instance resulting in a successful rebound to its local high. + I...
Start of the bull cycle a new model comes out from "experts" who haven't been here for long. Power Law Model promoting a top of $230,000 is exactly at the point where my research shows retail will capitulate / sell trying to find a top that fuels a rebuy mania. There is no "Power Law" in Bitcoin, the slowed "diminishing returns" is due to the fact BTC has had...
During public euphoria, bitcoin needs a sustainable high to maintain it's trend.
As you can see in the chart BTC is currently forming a channel pattern and price is currently bouncing back from the support line. We can expect the price bounce back to continue till 66-67K range and then we can expect the reversal. This reversal can continue until the support rang of 60K for BTC. Let's see how it plays out. Stay tuned for more...
Unlike the previous cycle, I expect a new bullish cycle with a single peak. This is the result of a predictive model that I have been using successfully for several months (see my previous analyzes in TradingView).
#BITCOIN Rising Wedge in Weekly RSI Chart If Break down Then Ready for $45,000 Level. Keep an eye on CRYPTOCAP:BTC Move
#BTC/USDT #Analysis Description --------------------------------------------------------------- + BTC is about to breakout from it's support zone, this breakout will push the price of the bitcoin further down. + This will be a good opportunity for us to enter a short trade and make some profits. --------------------------------------------------------------- ...
Bitcoin is presently trading around its previous resistance level and has already surpassed its previous all-time high. This consolidation around the resistance zone is crucial for Bitcoin to gather enough energy to break out from the resistance. Once the price breaks out, I expect it to easily reach $75,000, then retrace back to support (the previous resistance...
Amazing price action lately for bitcoin as it is now breaking up from a bullflag with a full measured move target from the flag of $64808. We can also see that if the current candle closes similar to the shape its in now that we would have a 3 green soldier candlestick pattern on our hands which most often s signals a bullish continuation. Of course there can...
Bitcoin is facing historical supply zone and RSI about to enter overbought territory. Local top seems near and price may retrace down to 50MA, mid-term. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Short) Leverage: Isolated (5.0X) Amount: 5.5% Current Price: 51926.9 Entry Targets: 1) 52197.8 Take-Profit Targets: 1) 40814.3 Stop...
Not 100% sure if Bitcoin regains support line immediately. Initial rejection can look like this^
besides bullish divergence on the weekly and numerous other indications like hashrate, aproaching halving etc. the probability that we have bottomed out is in my opinion quite high from what i see and feel. so here i drew some trendlines and a fib circle the Ellipses are equal size (copy/paste) they seem dancing around the following fib circles coloured...
overlap blablabla, that's gonna be my entry anyway
In the previous cycles 2013, 2017, 2020 we saw the same major consolidating trend trend line that continues on for longer than people expect (it gets boring). The RSI (LTF) confirms this development enters a parabolic phase once the 70 RSI level is tested. (Not you should only trust these indicators on a very long time frame). Diminishing returns is not...
In this comprehensive analysis, we delve into Bitcoin's current market trajectory, highlighting a potential end to its recent uptrend. Based on the Elliott Wave Theory, we are currently observing a pivotal transition that could redefine Bitcoin's market value in the near term. Our analysis suggests that Bitcoin, currently hovering around the $42,000 - $43,000...
zones above zones below. we have just tagged my main bitcoin target at the gp pullback, 3M orderblock and value area high of the ath consolidation. i have several deep zones below and i think we may see a pullback as deep as 25k, if there is overshoot then we could tag the lower ones sub 20k again but it would require significant economical factors to get...
Here's an update of my previous ideas. Reminder of bullish factors: - bullish pattern - golden cross - bullish divergences - end of the big falling wedge (throwback completed) - historical technical supports (Price, MACD , Disparity Index , RSI ) - blue pill (Hash Ribbons indicator) - bottom found (Puell Multiple indicator) - reversal signal (Network Value to...
The upward structure of the price, begun in January, accelerated sharply this week due to a validation of spot Bitcoin ETFs probably at the beginning of 2024. A throwback to the major pivot zone of 31K is expected before continuing the rise.