Golden_Pharaoh

Golden_Pharaoh

It seems that when viewing on chain metrics, stable coin demand can be used as an indicator to determine when there is strong stable coin demand signaling a potential top forming, the opposite is true when there is low stable coin demand it signals a potential bottom forming. When measuring the price action between these tops and bottoms it is evident that this...

Golden_Pharaoh

Bitcoin has been trading between $60-70k region since March 1st. This is the 3rd time we are bouncing off of support (green shaded area) near $60k. As long as we don't break below the $61k support zone, BTC should pump from here back towards the $70k resistance region (red shaded area). If we close above the ATH BTC will likely pump to the $80k region pretty...

Golden_Pharaoh

Bitcoin has been trading between $60-70k region since March 1st. This is the 3rd time we are bouncing off of support (green shaded area) near $60k. As long as we don't break below the $61k support zone, BTC should pump from here back towards the $70k resistance region (red shaded area). If we close above the ATH BTC will likely pump to the $80k region pretty...

Golden_Pharaoh

Bitcoin has been trading between $60-70k region since March 1st. This is the 3rd time we are bouncing off of support near $60k. As long as we don't break below the $61k support zone, BTC should pump from here back to $70k resistance region. If we close above the ATH BTC will likely pump to the $80k region pretty quickly. If we fall below $61k, BTC will probably...

Golden_Pharaoh

Based on previous years bull runs the average gain was over 1100% and took about 700 days from cycle low to high. This can predict the current run can take us as high as $246,000 by end of the year/early 2025.

Golden_Pharaoh

In the 6 months of October 2020 through April 2021 BTC saw a massive 500%+ climb from around $11,000 to $60,000 to achieve an ATH. We saw a strong performance in October of 2023, is it possible we will see a re-occurrence of 2020 and achieve a new ATH by April 2024? We would only have to go 220% from today's price to hit $80k BTC. What do you think?

Golden_Pharaoh

Using TOTAL Market cap to predict market cycles. JAN 17, 2022: Expect the markets to bottom out and reverse direction on or around Jan 17th. ($1.5-$2T TOTAL) This will represent the completion of a 70 day downtrend -50% from previous top of $3T. MAY 19, 2022: Expect markets to rally over the next 4 months until we reach a market top on or around May 9th of...

Golden_Pharaoh

Will BTC break support and enter a downtrend or will we bounce higher and continue the uptrend?

Golden_Pharaoh

Bottom formation confirmed on 10/27 - long play in action, currently up 6% with a price target representing a 13% gain.

Golden_Pharaoh

Watch formation for a nice entrypoint to ride the next leg higher

Golden_Pharaoh

Looks like after consolidating in the $48-55 range the price has broken out above resistance, look for bullish confirmation candlestick pattern before investing.