MACRO VIEW of BTC uptrend!!!Macro view of BTC market in uptrend. We can see 4th dump of this bullrun on 1W time frame.
Actually Bears do not have big Volume , this is average Volume against big May dump.
It looks like ending of the up trend, maybe big Correction, BUT! MACD made a Red - Cross.
Next days and weeks will show, how market mean it.
BTCEUR trade ideas
Bearish 5 Drives harmonic This is big bearish think, personally Im waiting for more signals and price action to update prediction.
The most important thing is where BTC will make next spike.
In this case retracement from B to C will break MA 200 D and 221 D down, next retracement from C to D will confirm D as a resistance (S/R reversal is in game).
Rough Bull/Bear Targets in Wyckoff scenarioBased on previous thoughts on the alleged Wyckoff distribution pattern seen during spring bull run, I copied the bars from that time to check for correlation. No arithmetic valuation for this as of yet, might do in the next days. Measuring what seems to be the pattern's entry point, I expect a market top of 78500 EUR (90000 $ today), after Wyckoff characteristic ups and downs. Followed by a drop to 43700 EUR (50100 $ today), with minor bull traps. No current arithmetic valuation of this model's accuracy ( below 70%), might do in the next few days.
FOMO"YES BEARISH I CAN BUY MORE BTC"
*BTC BULLISH MOVE*
"I'M ALREADY IN PROFIT !!"
*BTC HUGE BEARISH MOVE*
"I HATE THIS!!"
This move is just to take out the most emotional people. Those people just bought BTC, ETH & Altcoins just because most youtubers or social media people are saying: "at the end of the year BTC will always rise" Those people get FOMO. I think there will be lot of buy orders ready on this level.
Expanding bullish triangle pt.2Now We can see 2 trend resistance lines which BTC must break up and retest for retracement to ATH and beyond (4H chart).
Bearish movement is in chart too.
Remember, BTC can do everything like other markets, which are tradable.
Stay focus to swings/where BTC will make next high/low.
Bulish BTC price analysisHi all,
Publishing my first idea here, chose a bulish price analisys prediction on BTC for th next 6 months
Let me know what the experts think. Be kind please, I have been trying to evolve my analytical skills over the last few months with mixed results, but remember its my first time publishing.I appreciate all the contructive criticism and maybe some not so constructive :) Thank you.
Looking at the trend channel initiated around March 2020, which has been somehow respected, i found similarities in price action to the moment we're currently on.
IF history were to repeat itself, I wouldn't be surprised if a strong pullback to the area in the low €40k, repeating the pullback in NOV2020 (both highlighted in yellow) which took the price from 15k to 11k and then rallied up until MAR2021.
This would happen in the coming days, priming things up for a great rally, running until MAR 2022, which would bring BTC's price to around ~€180k(~200k USD), as exemplified by bars pattern.
A more conservative, but bulish approach is projected by the dark blue bars, wich would still bring prices up to the ~€75k area, $86k by Christmas.
Once again, I'd appreciate any feedback, from the community.
Regards,
O
Short term prediction of Bitcoin price movement €127K or US$149KCurrent projection of the price movement in Bitcoin.
If the pattern repeats the 2103,2017 pattern it could make a target of around €127K or $149K
This is not financial advise just my opinion .Yous should do your own research before investing your funds