BTCUSD: Bitcoin Prepares for New All-Time High Near $99.4KBy or during Spring 2024, Bitcoin should be near its next destination within the expected price itinerary ($99.4K). After taking a Beary Bad beatdown over the past 8 months, the gloomy sentiment of further capitulation has settled within the minds of many retail traders. Making the timing ripe for the market to feast.
According to the waves we've witnessed from June until now, I on the other hand think that Bitcoin has instead taken all the abuse it will allow from the Bears, for now.
With a 73% reduction in value from its current all-time high at $70K, price action has seemingly formed a vey sharp zig-zag wave downward. Based on my personal wave count from Bitcoin's very first all-time low candle, I think the macro pattern spells out a pending pump for the Digital King.
Forming what I believe to be a Leading Diagonal from June's bottom price at $17.6K and ultimately pushing up to the range of $25K, the Digital Surf Gang and I were totally expecting a deep dive back to the range of $18-$20K for a major test and a likely level of discovered macro support. If I had to be more specific on the expected support level, I'd guess that it comes near $20.1K, in a matter of hours from now. With an apparent Leading Diagonal in Wave 1 (of a hypothetical Wave A), I expect Wave 3 of said Wave A to become extended in form. This extension would likely get Bitcoin back above $40K by October of this year (2022).
Looking beyond the nearest term pump, I believe that Bitcoin will reach the $99.4K mark by Spring of 2024 . As you can see on my chart, though I'm confident that a new all-time high comes, it'll likely only be a big trap as the ascending move would be due to come in corrective form, instead of impulsive. Not too long from now, many traders and investors will better understand why it is better to 🏄 than to #hodl (if they haven't already).
Topanalyst
SAM: Boston Beer CompanyLooking to follow his family’s passion for brewing, Jim brewed the recipe in his kitchen with the hopes of challenging the status quo in the American beer industry. He started by introducing American drinkers to craft-brewed beers that were full-flavored, balanced, and complex, and brewed with quality ingredients. Pleased with his brew, Jim started The Boston Beer Company with his co-founder and first employee, Rhonda Kallman. In those first months, Jim walked bar-to-bar with a briefcase full of beer that he called Samuel Adams Boston Lager, in recognition of one of our nation's great founding fathers, a revolutionary man of independent mind and spirit. Boston Lager soon became a catalyst of the American craft beer revolution, making its public debut in Boston on Patriot's Day in April 1985. Six weeks after its introduction, Boston Lager was selected as "The Best Beer in America" in The Great American Beer Festival's Consumer Preference Poll, which became an award Samuel Adams Boston Lager went on to win an unprecedented four times.
If you're unfamiliar as to what beverages are made by SAM, think Samuel Adams (of course), Angry Orchard, Twisted Tea, Truly (seltzer) among others. While you may not be hip to 'Boston Brewing Company', if you enjoy alcoholic beverages, chances are you've indulged in at least one of their products.
More fascinating to me than the number of household brands this company supports is the wave structure of its all-time price action. If one didn't believe in the power of an extended 3rd wave before now, feast your eyes on its magically vertical increase in price, practically since inception! For what its worth, I have no stock or positions with SAM however, as an Elliott Wave fanatic, I'm excited to show the power of such a move.
To get ahead of the wave and find potential moves like these (or avoid the downfall that comes after a completed wave cycle), join us on the waves.
Bitcoin Whales following chart of Apple 2009 - Will it play out?As you can see on these 2 charts how similar they are, even the moving averages are similar.
On the left is weekly Apple stock market from 2008/2009.
On the right is the daily Bitcoin crypto market as of today.
Are the whales just following this chart? Looks like it to me.
Unfortunately Trading View isn't able to publish how I wanted it to look. Please just have the chart for each full screen without RSI and LMACD, it looks much better.
Give us a like and a follow if this interests you.
Happy trading legends!
HTBB
Take a look at my other charts and analysis below to see my unbelievable correct analysis record. If this kind of analysis interests you and you want more than just 1 or 2 correct chart analyses every month or so, check out my website and become a paid member.
How to short Bitcoin in a bull market using these indicatorsFirst things first, Happy Easter everyone! Here is my Easter surprise for you all. I was going to make this analysis private but figured given the current climate around the world, some festive spirit was required, so here is an analysis you must follow.
Click the like button and give us a follow if this interests you. Comment below and let me know what your thoughts are.
If I get 500 likes I will unveil my BTC price and date forecast for the ending of this bull run which I privately posted elsewhere 6 weeks ago.
As you can see on this 4hour chart of BTC, I use several indicators to show how when these indicators are used together you can sell or short bitcoin at a success rate of 92.98% (what else did you expect from the most accurate crypto analyst on the planet with a chart analysis success rate of over 90%?, this includes the many extra trades privately published elsewhere).
The trick is to know when to take profit and not be a greedy little pig. Use a stop loss or monitor your trades is my advice.
Indicators used are:
Bollinger Bands
EMA 233
EMA 300
MA 200
RSI
If you zoom in on the chart you will see small green circles whenever the candle pierced above the Bollinger Band (yellow band). There is also 4 purple circles on the chart where the candle pierced the band but kept increasing in price. The grey price ranges shown are those times when BTC price increased as per the purple circles.
The orange down arrows show where on the RSI it went above the red horizontal line and every time it did this you made money shorting BTC also.
The blue up arrows show where on the RSI it hit the green horizontal line. This is where you long or spot buy BTC.
The light blue horizontal line on the chart is major support for BTC.
The EMA 233 and 300 along with the MA 200 shows how these moving averages are used as a support for BTC in the bull market.
Happy trading legends!
HTBB
Check out my analysis below to confirm my strike rate.
Most correct analyst on Trading View, oh........ and earth!
How to buy Bitcoin in a bull market using these indicatorsFirst things first, click the like button and give us a follow if this interests you. Comment below and let me know what your thoughts are.
This is similar to my last BTC analysis where I showed how to short or sell BTC at a success rate of 92.98%. This time I am not using the Bollinger Bands as the success rate was under 90% which isn't up to my standards.
As you can see on this 4hour chart of BTC , I use several indicators to show how when these indicators are used together you can buy or long bitcoin at a success rate of 100% (what else did you expect from the most accurate crypto analyst on the planet with a chart analysis success rate of over 90%?, this includes the many extra trades privately published elsewhere).
The trick is to know when to take profit and not be a greedy little pig. Use a stop loss or monitor your trades is my advice.
Indicators used are:
MA 144 (white moving average line)
MA 200 (dark blue moving average line)
EMA 300 (light blue moving average line)
EMA 55 (yellow moving average line)
RSI
If you zoom in on the chart you will see green circles whenever a candle pierced below the MA 144 (white moving average line). There is also 1 purple circle on the chart where the current price action is today.
The orange down arrows show where on the chart BTC moved below the EMA 55 (yellow moving average line) after trading above it.
The pink down arrows show where on the chart we have not had a set of 6 orange arrows as yet (see pink note on chart). As you can see though BTC has entered the purple circle trading under the MA 144 which previously is a buy zone (green circles). This is where you long or spot buy BTC.
The EMA 300 and MA 200 blue moving average lines show how these moving averages are used as a support for BTC in the bull market.
The lime green trend lines on the chart are support and resistance currently for BTC .
The blue down arrows show where on the RSI it went below the red horizontal line and every time it did this you made money longing BTC. This also coincides with my green circle buy zones.
Happy trading legends!
HTBB
Check out my analysis below to confirm my strike rate.
Most correct analyst on Trading View, oh........ and earth!
Is Bitcoin Bull Run Finished? Has the Bear Market started?So, previous analysis was privately published and indicated the top was near and that April or May we would see BTC drop in price. This all coincides with my big picture of BTC which I outlined over 12 months ago what the path forward until Dec 2022 would look like. So far I have been correct except the last month's drop was more than expected.
This chart is explained in explicit detail here: www.youtube.com along with many other charts and graphs to show the path forward for the next 3 to 6 months.
If you were privy to the private analysis you would of sold near the top and waited for the drop or shorted it like a pro. If you got rekt from having long positions open, I suggest you dust yourself off and move on, what's done is done. The thing you need to take from being rekt is experience and to not allow it to happen again.
How will you stop yourself from being rekt next time though? Follow the same free analysts on TV that are permabulls and operate at 30% accuracy?
Or get a 90%+ analyst to guide you along your journey?
Happy trading legends!
HTBB
Take a look at my other charts and analysis below to see my unbelievable correct analysis record. If this kind of analysis interests you and you want more than just 1 or 2 correct chart analyses every month or so, check out my website and become a member.
Is Dogecoin about to crash or go to 70 cents? Dogecoin analysisOn the weekly log chart we see here I explain in detail about Dogecoin and all the indicators you need to know when to buy and sell this altcoin.
Will Dogecoin crash to 20cents?
Is Dogecoin one of the most bullish coins in the market for the last 5 years?
This chart is explained in explicit detail here: www.youtube.com along with many other charts and extras to show the path forward for Dogecoin.
Happy trading legends!
HTBB
Take a look at my other charts and analysis below to see my unbelievable correct analysis record. If this kind of analysis interests you and you want more than just 1 or 2 correct chart analyses every month or so, check out my website and become a member.
MISSION ALERT:TELL BITCOIN PUT THE MONEY IN THE BAG💰🏧Im not giving out any financial advice in this video, I am posting to track my progress and to make sure any new traders could scroll past my post and learn something new instead of being told to buy signals or follow another persons trades without actually understanding whats going on for themselves.I used to struggle as a new trader and never had any real idea of what was going on,so here you go.
Banks are clearly the biggest manipulators of the market so i believe it is best to swim with the whales rather than get eaten by a shark(a.k.a. Elon Musk)😂 The concepts i trade with work in all markets and on every time frame, my only job is to be patient and the objective is to take profit!Like and comment if you agree with my post, Give me feedback so i can create better content for you guys!
ETC leading major alts parabolic rise. All these alts yet to go.First things first, click the like button and give us a follow if this interests you. Comment below and let me know what your thoughts are.
ETC is leading the rise of these 8 alt coins.
These other 7 alts have yet to go on a parabolic rise.
Other major alts like ETH and ETC have already gone above their previous AllTimeHigh, as you can see these 7 have not gone anywhere near their previous ATH.
Targets on each chart are the yellow horizontal lines on way to previous ATH.
Will they all do what every other altcoin has done and go parabolic to it's previous ATH and/or above?
Happy trading legends!
HTBB
Check out my analysis below to confirm my strike rate.
Most correct crypto analyst on Trading View, oh........ and earth!
LUNA - good areas to buy on it's way to $26First things first, click the like button and give us a follow if this interests you. Comment below and let me know what your thoughts are.
As you can see on this daily chart LUNA has hit the bottom of a long term trend on the RSI indicated by the light blue up arrow. My buy area is between the yellow and green line on the RSI.
The red horizontal lines on the RSI show the overbought zones.
On the LMACD the orange down arrow shows where LUNA crossed over the light blue horizontal line and has not dropped below it since.
On the chart the light grey date ranges show the time for LUNA to retrace last time and will it be the same this time?
The lime green rectangular box is where LUNA could trade along before it's next move up to $26. This is my buy area between $15 and $16.45
Last retrace the price reacted off the EMA 34 (pinkish moving average line).
Happy trading legends!
HTBB
Check out my analysis below to confirm my strike rate.
Most correct analyst on Trading View, oh........ and earth!
TradingView's best analyst launches website How To Buy BitcoinQ: What's this you say? You are tradingview's best analyst, how is this possible, I've never heard of you?
A: You are welcome to view my analysis which is currently at an 87.5% strike rate of being correct by viewing my publicly published analysis. You can then go view the top analysts you have heard of or already follow on tradingview and check their strike rate.
Q: How did you get this good and where have you come from?
A: You can view my about me page on my website to see why I am a genius at crypto trading and where I got my experience.You may not have seen me on tradingview as I have posted every analysis so far as a non paying site member with the most basic of trading tools, yet I still have that strike rate!
Q: Why don't I just wait for your next free analysis you post on tradingview?
A: You sure can as this is what the free 1 month trial members get, but as always in life, you get what you pay for. The higher level members get other analysis etc not posted publicly here.
Q: Why is there only 5 spots for Platinum level membership?
A: These members will be treated like my own children. It's like having your own children, I think 5 is more than enough in one tight nit family.
Q: What type of trader are you and what can I expect from you?
A: I am more of a mid and long term trader as shown by the publicly posted charts however I do day trade also when I see markets move how I want them. I usually wait for confirmation on trades and get the 'meat' of the trade most times but can also hit tops and bottoms as well with high accuracy as shown by several posted analysis.
Q: What sort of gains can I expect if I join your site?
A: Nothing is guaranteed in trading crypto as it is a highly unregulated and manipulated market that whales control, it is knowing how the whales think and work that is the key to the crypto market until regulations stop insider trading this will always be the case. It is also knowing who the whales are and where they trade that helps knowing what is coming before it happens.
So ladies and gents, come join me on my website where we can experience trading together and trade at a strike rate currently at 87.5%. Imagine that? You have never experienced that on this website as not one analyst here has this record. Personally I am not satisfied with that rate and feel there is a need to improve it to over 90%. We could build a great community of knowledgeable traders and with knowledge comes power, the power to execute without fear. As I always say, if you fail to plan you plan to fail.
On a side note, as per my last analysis BTC did exactly what I said after it rejected the 4 hour Ichimoku Cloud. Where to next for BTC? Could we see 24k or 49k?
Stay tuned on my website members area for my next tradingview analysis as it will be privately published not public.
Happy trading legends!
HTBB
Bitcoin - Learn how to see the signs!Your only winning bet at this point is to load up on high performing alts and keep waiting with more cash on hand to see if BTC will drop more(which more than likely will.) To be clear; NO ONE knows what will happen in the future but what I do know is how to read the warning signs of what is most likely to happen. If we look at BTC on the 12H it shows that we've gone under the very important 200MA. This is a sign of weakness and may send us below the green trendline which may lead to a drop to the $9300 - $9400 hundred area. So the 12H is saying that the likelihood of going down is very real and that a big down move is coming soon. Now let's go onto the next timeframe for more warning signs to read.
The 1D timeframe shows us that for far too long BTC's price has been riding under the 50MA and getting rejected, not to mention that we are running out of room in the triangle which is going to force a decision soon -- to go down (very likely) or range sideways (which is also likely.) The one thing this timeframe is not telling us is that we may go up. Going up is not in the cards.
The 3D shows us more independent info as well. We see that we are at the top of the triangle's downtrend line which has proven impossible to penetrate (not good if you want to go up.) Also, the magnetism of the 50MA is calling BTC down to the $9300 - $9400 area.
So for now in some of the most important timeframes, BTC is telling you that it is not done going down.
THE TREND: Going down still.
THE OUTLOOK: Unsafe to buy BTC but safe to buy top 10 marketcap alts.
Be safe and follow me to stay ahead of the curve.