BrettFogle

03:28

BrettFogle

In the video, I share an article I read today about the Bollinger Bandwidth indicator which is potentially showing a market inflection point and imminent start to the next parabolic run. I also share how I used standard Bollinger Bands differently, with slight modifications to make it very useful as a sell signal at market tops and major inflection points. Let...

BrettFogle

Here I've highlighted all the weekly CME gaps for Bitcion, showing all but One have now filled. Technically, there's still one open just under $10,000 at / around $9750. Unlikely this will ever fill at this point, but as of today Bitcoin filled the recent gap just under $40,000, which clears Bitcoin for runing higher. However I still believe we'll re-test...

BrettFogle Updated 

As I've been saying for months, once Bitcoin broke and closed above $32k price would increase quickly. The Head & Shoulders pattern that was forming was also invalidated, so the new uptrending channel is intact and headed to the Fibonacci Golden Pocket range of FWB:48K -$50k potentially in 2023. We'll likely see profit taking pullback here. But then we're...

BrettFogle

After the ETF hype and $48.5k Golden Pocket selling pressure... The DXY has been consolidating sideways, technically breaking it's downward trending channel. As of today, Bitcoin has lost the $45k support level and heading lower towards $38k - $40k. Fueling the selloff were hotter than expected CPI and inflation data, and the realization that the new approved...

BrettFogle

Here's my revised "Potential Path To $150k+" chart, adding in 3 new factors that further point to the higher Fibonacci targets on this chart and potentially hitting $220k Bitcoin. As the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)... The same scenario could play out for the 2024 bull cycle, with each of...

BrettFogle

Bitcoin's chart shows that it's potentially topping out here and due for a pullback. See my other recent post related to a pullback to the $38k zone to re-test prior resistance. While we could push higher here in the final stage of an exhaustion rally to the Fib Golden Pocket, it's more likely that BTC retraces back down to the $38k - $40k zone before resuming...

BrettFogle

Bitcoin rejected at the $45.5k level as we forecast in prior weeks live classes and we can see the sell order block at this level as well. Right now it looks like BTC is forming a macro cup & handle pattern, which would be a good thing here -- for Bitcoin to retest recent support (the handle) and then bounce off of this. I'm targeting the FWB:48K - $50k level...

BrettFogle

Looking like Bitcoin topping out here and in need of refresh and retest of lower support. Since BTC commonly has 25%-27% pullbacks to support, this is looking more like a 'Sell the News' setup for when the BlackRock ETF likely gets approved in early January. For this rally to sustain and hit our higher projections of $100k, $155k, or even $210k, Bitcoin needs to...

BrettFogle

This is a great looking chart of the DXY on a weekly time frame. We have a huge Bearish engulfing candle forming on the DXY and breaking down below the 103 support level. This is looking very Bullish for Bitcion and the Total Crypto Market Cap. Also notice what happened after the last Bearish engulfing candles in October and November. This is great to see,...

BrettFogle

With Bull-Mania back in play... I was pontificating in my M3 active trader group today, about where the next market top could be, based on the Pi Cycle Top which has been very accurate in the past. When I saw it cross back in 2021, I thought to myself 'If must be wrong because we're going to $100k' but obviously we were all wrong about that. So this time, it's...

BrettFogle

BTC Prediction: New highs by February 1st and holding $70k as support by the April Halving. Possible $100k, $155k, $212K Bitcoin in the cards for this Bull Run. Here are 9 factors (and 2 scenarios) that could get us there much faster than anyone expects... tradingview.com 1. BlackRock & Fidelity ETF's Approval 2. QE Money Printing To Pay Down US Debt 3. Bank...

BrettFogle

Here's my revised "Potential Path To $100k+" chart, adding in new factors that further point to the higher Fibonacci targets. Similarly, the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)... Worth noting - see chart. The following factors show 3 levels for Bitcoin upside in 2024, which I've labeled as 3...

BrettFogle

Bitcoin's monthly chart is looking more and more like a macro Bull-Flag which interestingly puts price to around $50k, the same as the Fibonacci Golden Pocket target. I was waiting to see if we'd see the Bull Flag play our, or a shallow Head and Shoulders / Triple Top pattern. Hard to say, but overall it feels Bullish. BTC has gone up 15% in the last 7 days, so...

BrettFogle

For weeks Bitcoin has been forming this symmetrical wedge pattern, and having trouble breaking above the critical $32k resistance zone. Once BTC can break and close about $32k, I think it's a fast move to the Fib Golden Pocket between FWB:48K -$50k. But for now, this wedge pattern needs a clear directional breakout. While we could still see a weak Head and...

BrettFogle

I posted this chart (slightly revised) months ago, with these levels of where the DXY could take us in terms of overall crypto market direction, especially Bitcoin. It's taken awhile to get here... But today's XRP news, all signals are pointing to an incoming rally for the crypto markets. Granted, the inverse correlation between DXY and Bitcoin / Crypto may...

BrettFogle

With today's price action Bitcoin has come down to test the 25,300 level. This has been a very important resistance level in the past that once it broke above this level, it needed to come back and retest as support. As we can see, there's also an upward trending trading range / trend channel (In Blue) that has held well twice before. Hopefully BTC bounces...

BrettFogle

Bitcoin is breaking the neckline here for the current Head and Shoulders pattern that's been forming the last few weeks. My target for Bitcoin is to come down and re-test the important support zone at / around $25,300 - $25,500 which would be a strong support level to bounce from. Having a reset here and providing a slid launch point would likely push us to the...

BrettFogle

For those who still believe as I do, that we'll see new highs in the crypto markets sooner than later... Here's my purely speculative chart showing the 'Path to $100k Bitcoin' in 2023. It would be the perfect storm of economic forces coming together, and creating an unstoppable move higher. This scenario would be fueled by the following 3 things: 1....