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Could the weird BTC pattern be explained by an expanded flat?I am by no means an EW expert, in fact, I am often quite skeptical of it. But sometimes, as with other tools, it proves to be a useful instrument. What if we have misread BTC's behavior the past years? I was thinking how BTC can make such a weird looking structure and how it could fit into the grand scheme of things. Maybe an expanded flat could be the answer: technical.traders.com According to that theory, we are now in the C wave of this corrective structure. Wave C goes lower than wave A, so we should hit below 28.8k, therefore I think we will hit either the MA200 at 22k or in an extreme case the MA290 at 17k. Afterwards, if we are lucky and that pattern holds true, we might see BTC rally, which would certainly come unexpectedly for many. And because it is so weird an unexpected, it would nicely fit Bitcoin's behavior of the past years. This can of course only occurd if DXY starts to fall after BTC has seen the low.
INDEX:BTCUSD
by SebastianofMoon
7
Bitcoin July Target is $37500 ( Read IDEA )#Bitcoin LL-LH Pattern:- #BTC forming LL-LH since Bitcoin All time high. Recent LL is $25500 and the Next LH will be $37500 as per White Line Resistance. After hit LH $37500 again Ready for New LL around $21k As per Chart if hit $37500 then That will be best point to sell out Bitcoin and convert in Fiat. But also keep in mind if White trend line Breakout then This chart will be invalidated and Bitcoin will hit new High. I am Waiting for $37500 in July and this will be Best Point for Sell $BTC. So As per chart we can see $21000 in September october. Please Like and share thank you
FTX:BTCUSDLong
by CryptoPatel
1
DXY V/s Bitcoin ( We are Very near of Bitcoin Bottom )#DXY V/s #Bitcoin Corelation - DXY is Trading in a Bigger S/R Zone so Now High Probability to price down from this level. If Price goes down then We can see upward move in Bitcoin. - Expecting Cup & Handle Pattern in #DXY So Cup Pattern Almost Completed so Now If this Pattern work then Must form handle as well as CUP. So If Handle form then Need to Retracement in DXY so thats Clear Mean Bicoin Upward Sign. - We are Very Near to #BTC Bottom because #DXY RSI almost Overbought so RSI almost Overbought of DXY in high time frame. - If Handle worked as Per My Chart then we can see New ATH in 2024 so We can see Bitcoin New All-time high in 2024. it may be above $200k+ Like and share
TVC:DXYShort
by CryptoPatel
1
Bitcoin | Bullrun 2022 is loading..!! #Bitcoin (Price Analysis) Since 9th November 2021, Bitcoin Bears Have been in Complete Control & till now, Bitcoin Price has Dropped +50% since All time High. Now, Seems like Bitcoin has Bottomed out & Getting Ready for Another Bullrun like Jul-Nov 2021.. Bitcoin RSI is Printing Massive Bullish Divergence (Which is Bullish Sign) in Daily timeframe Chart. Bitcoin Bulls Have been Defending the Crucial Support Are (28-30k) from last few Days & Bitcoin Could Bounce Back anytime so Keep Buying the Dips & Just HODL Bitcoin.. (You'll Thank me Later) BullRun2022 is Loading so Don't sell Your Bitcoin to Whales.. In the Weekly timeframe Chart, Bitcoin Bulls defending the Crucial Support line (29k). In daily timeframe Chart, MACD Just Confirm the Bullish Cross.. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
Long
by Faibik
18
You can't handle the danger zoneWe're on that highway riding the line to the high heavens or down to the depths of goblin town. Choose your own adventure! 1. Nuke the economy and Russia and everybody dies OR 2. Bleed out the criminals that run the government with hard work and sweat and tears and powering through the tough times. Go long, baby. Go. Long. /play; Highway to the Danger Zone.mp3 Revvin' up your engine Listen to her howlin' roar Metal under tension Beggin' you to touch and go Highway to the danger zone Ride into the danger zone Headin' into twilight Spreadin' out her wings tonight She got you jumpin' off the deck And shovin' into overdrive Highway to the danger zone I'll take you Right into the danger zone They never say "Hello" to you Until you get it on the red-line overload You'll never know what you can do Until you get it up as high as you can go Out along the edge Is always where I burn to be The further on the edge The hotter the intensity Highway to the danger zone I'm gonna take you Right into the danger zone Highway to the danger zone Ride into the danger zone Highway to the danger zone I'm gonna take you Right into the danger zone Highway to the danger zone Ride into the danger zone Highway to the danger zone I'm gonna take you Right into the danger zone Highway to the danger zone Ride into the danger zone Highway to the danger zone I'm gonna take you Right into the danger zone
CRYPTOCAP:TOTALLong
by toateotihuacan
3