BTC should reject off the mid line of this channel and possibly bounce back up to 55. This would be the "bull trap zone" rally we should be entering and then a drop to the bottom around 8k in November 2022
Chart based off of previous cycles. I am predicting that BTC goes into a bull trap before a massive drop in November 2022.
Bitcoin is bullish here. It is sitting at the bottom of the descending wedge and ready for a rally. BTC longs on the bitmex chart is the largest i have ever seen. Bitcoin has hit its measured move from that head and shoulders with that wick it had around 26k. RSI at the bottom rounding upwards and plenty of wiggle room to move on the Trend Breaker indicator.
Solana stuck in a descending wedge. Elliott wave shows a description on where it is at. possible drop to the bottom around 85
Nice descending wedge break on Monero. I expect a 100% run on this move upwards
I am still bullish on XRP. I see an elliot wave structure in place and following it for a parabolic run.
BTC going to break this trend line and catch that CME gap at 33k
HUGE trend break down. Crypto com coin might get a massive drop.
Was bullish until this 4th hit on the trend line. Have not confirmed bearish just yet but I have braced myself.
I found that my Hiekin RSI indicator has a break to the down side and its been pretty trustworthy in the passed. I see a possible measured move down to .50. waiting for the break of this symmetrical triangle
Eth broke that bearish pennant and is headed down to the 1800 area. measured move gets it to 1400. The RSI Hiekin indicator shows a confirmed break down as well
Comparing the correlation between BTC and the Dollar Index (which trades opposite of BTC) so I took a bars pattern and inverted it on top of the BTC Logarithmic chart. Its very coincidental that Russia invaded Ukraine again right here at this price point. Major break up on the DXY so the dollar will gain value and the BTC should go down into it's bear market and...
The DXY chart just broke a HUGE trend line following the Elliott (running triangle) structure which means to me, that this confirms Bitcoin is going into a severe bear market and the bottom should hit November of 2022 and the next bull top will be November of 2025. (DXY trades the opposite ways as Bitcoin) compare all the bitcoin cycles. they run in 4 year...
I have charted the history of BTC on top of the DOLLAR INDEX DXY broke UP!!! @here this is huge... confirmation that the dollar is gaining value, than means BTC DROPS!!! 7k incoming 1234 times a break on the DXY and its in a symmetrical triangle Looking at the HISTORY of BTC on the LOG chart, you can compare that it had a top bull cycle in DECEMBER 2013, 2017,...
ALGO has completed Elliot leg 1 with that 5 leg structure to the upside, now we are in a corrective impulse 5 legs back down to the 1.17 area. Fibs align up nicely and everything is moving as it should. After ALGO gets a reversal at 1.17 then i see a massive move to the upside creating new all time highs. KRJcrypto
dollar is in a descending wedge and should have a decent move tword the upside. When DXY goes up, BTC goes down so I expect a dump down to the last CME gap that was not filled on the futures BTC1! chart. BTC is screaming overbought on multiple indicators and DXY is oversold.. New president now is the perfect time for a major move!