🔥 Bitcoin Volatility Lows: Massive Move GUARANTEED 🚨If you enjoy this analysis, please give it a like and a follow.
I've made several analyses on Bitcoin's extremely low volatility over the last couple of weeks. In this analysis, I want to take a look at yet another metric that measures volatility: BVOL7D, on the daily chart.
On the top chart, white, you find Bitcoin's historical volatility. On the bottom chart, orange, you find BTC's price on the log scale.
Once BTC volatility reaches the yellow area, it indicates that volatility is extremely low. Historically, this has ALWAYS correctly predicted that a huge move was coming. Furthermore, 3 of the 4 previous moves were bullish.
Keep in mind we can continue to trade sideways for some time. But, I can guarantee you that a big >20% move is coming in the next few weeks. The million dollar question will be whether we're going to pump or to dump. I've made multiple analyses on either potential direction recently, but my bias is to the bearish side. Happy to be proven wrong!
Do you think we're going to see a big move soon? Which direction are you trading? Share your thoughts in the comments below 🙏
Dump
Wow BTC really dump, pump, dumpthat is a rising wedge on a daily TF
we see instance of price surging thereby creating a liquidity void which of course will be filled at some point; only a matter of when.
Also there is a Balance Price range ay 21400 - 22k, so note that price might revisit there.
I see BTC filling up the currently liquidity created and then launching all the way to 38k before we have the dump during halving then we can have a real bullrun to wherever the next target will be after 65k.
I will update you as it goes; But take note of this.
Bitcoin's Second Bottom Before Halving: A Potential Trap When Bitcoin undergoes a significant price decline and subsequently forms another bottom before the halving, some traders might interpret this as an attractive entry point to buy Bitcoin at a seemingly discounted price. The expectation is that the halving will trigger a supply shortage and, in turn, drive up the price.
However, financial markets are inherently uncertain and influenced by various factors, both within and outside the cryptocurrency space. While historical patterns and past halvings may provide insights, they do not guarantee future outcomes. The second bottom could be a "bear trap," luring traders into buying, only for the price to continue declining or remaining stagnant, resulting in losses for those who entered the market with high expectations.
It is essential for traders and investors to exercise caution and avoid making decisions solely based on historical patterns or event speculation. Conducting thorough research, staying informed about market developments, and employing proper risk management strategies are crucial when participating in the volatile and unpredictable world of cryptocurrencies like Bitcoin. Additionally, seeking advice from financial experts can help in making informed investment choices.
🔥 Stablecoins Predicting Bitcoin DUMP🚨 100% Accurate Signal!If you enjoy this analysis, please give it a like and a follow.
In this analysis We're going to take a look at the stablecoin marketcap, USDT and USDC to be precise.
As seen on the chart, the stablecoin marketcap is trading in a well-defined bullish channel.
Consequently, every single time that this metric has touched the bottom support, Bitcoin dumped. I'm aware that there's only a couple years of history, but a 3/3 hit-rate is still impressive and deserves your attention.
To further strengthen the bearish narrative, BTC's volatility is currently at historical lows and the stock markets are seeing terrible results after the US downgrade from AAA to AA+.
Do you think a dump is imminent? Or are we going back up? Share your thoughts below🙏
Doji, Hammer, Pinbar and 7 Divergences ; Right after anotherSeems like there is a short-term dump incoming;
Weekly timeframe RSI divergence made exactly
under the '"May 2022"' resistance and the 0.5% Fib level ,
And there is 3 confirmative candles. Pinbar candle had made last week ,
a Hammer and a Doji candle had made 2 and 3 weeks ago.
If we make a daily candle closed under 30K ,
28K would be the next major support for BTC ,Even 25K after that . (my opinion)
Also all of the 3day ,daily ,12H ,8h ,6H ,even 4H had made RSI divergence.
I'm Bearish on BTC
🔥 Bitcoin Weekly MACD Signaling DUMP: Bears Want This!The weekly MACD is about to cross, where the fast blue line crosses the slow orange line from above. The last 3 times this has happened, a large correction happened and a bearish longer term trend has been established.
At the moment, the MACD is about to cross. While we're not there yet, a drop of a few percent will most likely cause the lines to cross. Also, remember to wait for the candle close.
If the cross will happen this week, we should be prepared for a longer term trend reversal, potentially even targeting 20k or below. On the other hand, it will be a very bullish indication if the correction remains small.
Do you think we're going to dump? Is the 2023 top in? Share your thoughts below 🙏
🔥 Ethereum: Patiently Waiting For A DumpCrypto has been trading rather bearish over the last couple of weeks. Ethereum is currently not looking favorable for bullish investors in the short-term, but that might change in the future.
If we continue to fall, I'm eagerly waiting for ETH to reach the dotted support line on the chart. This support line holding is the best near-term case for the bulls.
A fall through said support means that the long-term trading direction has shifted to bearish. But, as long as we're above this support we are in a long-term uptrend.
Keep in mind that we don't necessarily have to go down to the diagonal support and that we can also pump from the current price. But IF we go down, THEN the support will likely cause some kind of bounce.
BTC WEEKEND PLAN! A QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. Currently, BTC is trading around the $26.8k level. It is forming a descending channel in 1hr time frame.
If we look at the higher time frame then it breaks below the important support of $26.8k which is a bearish sign for me. Now, the next important support area is around $24k- FWB:25K
Now, if we look at the lower time frame then there is a possibility that we see a quick bounce on Sunday to trap more retailers and dump again next week.
Observe the chart carefully to know more.
Invalidation:- If we got a weekly close above $27.2k
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Also, share your views in the comment section.
Thank You!