Lorenz_Capital

Lorenz_Capital

Here is a simple visualization of the decision time coming up for BTC, where trendline support meets trendline resistance, with decision time around the middle of May. Break to the upside would target $150K, with a break to the downside sending us into $40K panic selling levels. I am leaning more towards the bullish continuation scenario, but we will have to wait...

Lorenz_Capital Updated 

I believe we are nearing the end of this current bear market cycle. I expect to see evidence that we have bottomed by Q2-Q3 of 2023. My bottoming target range is between $9-$15K. Once we can close a weekly candle above the Pi Cycle MA (orange) we should begin to see momentum buyers begin to step in. Best of luck, hit thumbs up

Lorenz_Capital Updated 

The chart is telling me that we could see the next 6-9 months slowly grind lower as the global economy enters recession. This will be a great opportunity to scale into long positions slowly for Bitcoin as we gear up for 2024-2025 bull run. If you can get an average price between FWB:21K - FWB:25K you will be nice and cozy in your position for the next two years....

Lorenz_Capital

Here is my forecast for the bitcoin dominance chart: I think we could see a continued bull run on the BTC.D weekly towards the 70% (overbought) level by the end of this year - so you definitely want to remain overweight BTC until then. The picture also suggests that we may see another "alt season" near the end of 2024, as the crypto market heats up and we enter...

Lorenz_Capital

As we approach the 2024 halving event I can see two potential scenarios playing out: 1. we sell-off 20-30% to see a $50K retest. 2. we see a bull flag and continue the run towards $100-$150K by mid summer. in scenario 1 - I do believe this would represent a good buying opportunity, as we are still likely to see a $100K price minimum by mid 2025. stay classy

Lorenz_Capital

It looks like the weekly chart is showing a hard rejection off of the 61.8% fibonacci retracement level. I do believe we will likely see a pull-back into the FWB:36K level before pushing towards previous all-time highs by the end of 2024. I think 2025 will kick of extremely bullish as we have seen in past cycles, with the exit strategy planned for Q3 2025 around...

Lorenz_Capital

To whom it may concern, I think we are in for a very red Q3 & Q4.. potentially Q1 2024 as well. We will likely come back down to test $20K support, then continue the bull market into mid 2025 as a result of halving cycle + likely fed rate cuts/QE. Best of luck, Hit thumbs up

Lorenz_Capital

I think we will look back on this time and price and see another missed accumulation opportunity for many people. Those who buy now should enjoy big gains by the end of 2024/early 2025. I will be looking to DCA out around Q4 of 2024 (hopefully above $100k) and slowly build a short position to hold for 2026. Best of luck, hit thumbs up.

Lorenz_Capital Updated 

This is the long-term play I see for Bitcoin. Fiat currencies going into negative rates makes cash the biggest hot potato asset on the planet. Scary to think about... but I believe that cash will need to find a home somewhere, and crypto is the speculative bet of choice. I also like gold and gold miners. What you see in white on screen is the previous market...

Lorenz_Capital Updated 

Hi Traders, Hope you enjoy this simple TA pointing to a very nice bullish setup for the new year/decade. This time and price will be legendary. Best of luck hit thumbs up.

Lorenz_Capital Updated 

As bitcoin transaction fees are on the rise again, Litecoin begins to look more attractive from a fundamental perspective. The price action looks good too - rounding out a bottom on this weekly chart with upside targets at $80 and $150.

Lorenz_Capital Updated 

this chart should fill in quite nicely over the years, looking forward to watching it progress, and will be documenting all the way to the top

Lorenz_Capital

The way i see it, there are two scenarios for BTC price action that will result in massive pains or gains this summer 2022. Bearish: 65% probability 1. We are currently in the grips of hard MA resistance as seen in Q4 2018 right before 50% drop into $3K. - this would put us at $20K price tag by June, and would be prime buying opportunity. Bullish: 35%...

Lorenz_Capital

Here we see a textbook cup & handle pattern projecting a $7,500 price tag by year end.

Lorenz_Capital

Big move coming for Bitcoin as we come back down into $40K support levels. Q4 will be huge in determining if we will continue this bull run into 2022, or if we will need to come back down to $25K for a year-end Christmas sell-off... personally I would love to see this bull flag break to the upside and rip into six figures.. but we may have to have our convictions...

Lorenz_Capital

Long MS for risk-adjusted exposure to Bitcoin! We see the fib respect and full Elliot Wave ABC correction pattern. Chart looking good.

Lorenz_Capital

LTC to make the previous ATH test soon.

Lorenz_Capital Updated 

Keep it nice and simple here - all of these extension targets will be good spots to unload your bags at 4X return from current levels, this time next year. Strap in and enjoy the ride. Best of luck, hit thumbs up.