Long

Will Bitcoin ever break above it's old trend line again ?

Updated

The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band.

Bitcoins entire history has been on the upper band of this log and in the recent crash of this year it has broken below. It did break this upper band support once before it the covid crash of 2020 marked with the orange circle. Price action broke through but as we can see it quickly recovered and held as support into the eventual bull run. This sequence of events seems to have left us a couple of clues, being the first time there was a substantial breach of the bottom and the bull run not hitting the top. I think yes, it could telling us that Bitcoin is now transitioning {reset} to the lower part of the band and it's most likely could be the new trending range. To confirm this theory we need two touches, one on top and one on the bottom.

In my opinion the only questions that remains is which line will be touched first and what will be the path. I do believe the top of this lower band could be the top of Bitcoins next bull run and the bottom of could be the bear market, of course only time will tell. I do not believe we ever go to top of the band ever again and could possible be the new resistance point for future bull market tops.

Just purely on looking at this lower band and assuming that we have a new bull market that tops in March of 2025, price point is showing a possible of just over 200k top.

My speculation is bitcoin moves towards the top first and then touch the lower part of the band later next year at relatively the same price point as now which would mark a double bottom that ultimately sparks the new bull run. There is only one thing for sure, Bitcoin will surprise everyone.

Keys to look at is the stochastic RSI. this will show which way momentum is going.

This is not financial advice and should not be taken as such. it's an observation.

Thanks for looking and leave comments below.

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The next 6 months will most likely show witch side gets hit first, I'm still expecting a rejection off the top of the channel.

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Another look with a different indicator showing confluence.

Will Bitcoin ever break above it's old trend line? #2

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Hi fellow Bitcoin investors,

I have a major update that is both good and bad depending your views.
The good news is I don't think we have much lower to go, the bad news is the bear market could last much longer. I am not basing this on any news but pure chart analysis which I will share with you. So from the latest analysis, I now see us touching the bottom line first around march of next year. So if your a diligent stacker that's good news (more time to stack). It also puts the next potential top way out into 2027, yes you read that right 2027.
Here is a link to the new analysis. Check it out, I think you'll find it interesting.

Please support with shares, likes and thoughts with comments and let me know what you think. I spent quite a bit of time making this.

Thank you
WeAreSat0shi

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What to look for over the next 6 months

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Bitcoin has never been more over sold on the monthly, and that's a fact

Is something wrong? The halving come early?

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The stock to flow is doing something interesting, check it out!
tradingview.com/chart/TFEVmHRg/

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Is it sideways price movement with bullish moves and rejections at 23-25k and until a touch and bounce off the bottom of the Fib Log in late May or June coming? I think this is the likely scenario now. Stay tuned to fined out. Happy stacking!!

Trade active

Will bitcoin find footing at the bottom of the Fib log in 2023?

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This is more and more looking like a touch on the bottom of the NEW fib level by late second quarter or early third quarter of this year is likely. It would not be bad if it does IMO as a bigger base for a few more months would very good for future growth. Sideways doesn't mean a move to 25k or even 30k is not possible.

Still just following this chart and waiting for the interaction when it comes.

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The "EXPERTS" are wrong! The bull run is upon us!

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Bitcoin broke above a fib level on this regression chart today. Closing above 29850 is what it needs to stay above. The next level is at 35.5k, remember this does slowly move up with time. Holding this 29.8k to 29.9k level could mean a move to 35.5k fairly soon.

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Looks like it could take a lot longer to get a touch point from the BTC rainbow log. BTC Seems to be content in climbing up right in the middle of it. As crazy as this might sound to most, Bitcoin seems to be getting less volatile, more "stable" and methodical with it's movement through it's growth.

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Are there any bear left?

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The charts point to September 15th for the beginning of something big. Possible yearly high in October, 44k target.

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The break above 32 k should come in September. Mid September is an area of interest for a major move into October. 38k will be first resistance, conquering 38 will to a max of 47k for this years high.

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This correction has changed nothing. Bitcoin is still above major support and on pace for higher highs for the year. Getting above 28.3k and staying out of the weekly Gaussian is key to this. If Bitcoin closes a weekly candle under this area then it could be hinting to more disasters to come and it would most likely end this bull rally.

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NEVER SELL under fear, NEVER BUY under euphoria!

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SOMETHING BIG IS COMING!!
DATES OF INTREST SEPT 15,23,25,27.
The market is not looking good if this market is to turn around, some BIG news should come, if not it looks like a more downside pressure is to come, however no such signal is showing yet.

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Bitcoin holds... The marker to look for is at the 24.7k to 24k area. If this area is lost with a close under 24.7k (not wicks) then break down will likely follow. As long as BTC holds above that price zone it is holding normal market structure and there is nothing to worry about.

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Do not be fooled, major rally is coming!! The altcoins will run strong.

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Something big just came. Surprise!! it's war, not surprised. War in Israel the "Holy Land". This is stocks and crypto positive, just like the charts were pointing too.
Show me the charts, and I'll tell yo the news. - Bernard Baruc

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The Fractal of 2015/2016 that I have been following since June of 2022 that saw the March break out seems to be fizzling out. Looks it is now diverging away from this fractal. So, bitcoin could do what it does best, Punish/surprise the bears and the bulls. It looks like more sideways actions with periodic pumps and dumps for a few more months might be in order.

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here is the link to what I am following.

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I just added 2019/2020 scenario. Check it out!
Black swan in early 2024????

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The cycle is supreme. This weekend saw a big turnaround and continues early week. The same cycle and fractal that saw the March break out is now continuing. This weeks close will be very big.

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2016 Fractal is still intact and playing out. As we can see it was 4 weeks of pumping before a correction. Then 4 weeks after that the altcoins topped respectively.

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The July and August updates stated a breakout was to come as per cycle analysis. The narrative says ETF,ETF. but is it?

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Bitcoin has been rejected by the green line on this BTC RAINBOW LOG. The green line is at 45.3k right now. Will it get rejected at that fib level again, or slice through? WE will find out very soon, could be as soon as next week.

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It's getting very close to the .618 fib level (GREEN LINE0 on the this log. It was rejected on tow previous occasions.

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8 green weeks in row (blue my chart) reversal should be come soon.

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Fear & Greed growth and support.

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No matter where the correction comes from, Bitcoin will retest the 30k level again.

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UPDATE!

Could bitcoin rally to this point?

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The Bitcoin rising wedge.

In this chart we are looking at a rising wedge pattern that bitcoin has been in since early December. Although I have been following this pattern for about 3 weeks now I have not shared it until now. It broke out of the pattern early January and today one day after the ETF has hit the target of 49k. Coincidence? I think not. In fact it's only more suspicious. Add the whole supposed "hacked" debacle and it looks like the picture will get "ugly" soon. Or, will the "ugly be the massive bearish divergence that been playing out for a while now. Narratives matter not, pay attention to the charts only. I do believe the local top is in.

Having said all of that, I still believe there is time for the alts to run over the next few weeks and it's backed by the cycle.

Have a blessed new year
WeAreSat0shi

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Beautiful Pull back as expected!! The bottom should come around the mid point of February whether you are buying back or looking to enter the market. Don't try to time the bottom because you will likely miss it. See you in May above 50K!!!

Blessing to all,
WeAreSat0shi

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I'm going to ask you, is it a good time to buy?

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What the near term future may hold.

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A longer term update and a look a the stock 2 flow, It's going crazy again!!

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Yes, you are right the stock to flow is pointing to 6 Million!!

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This chart point to the Sept - Oct range for the beginning of the final parabola.

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BIG UPDATE!!

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Could bitcoin get one more push to 67k and then surprise everyone with a correction to 42k?

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Bitcoin just reached the 67k target. What next? well, the truth is know one knows. I pull back is definitely due, but to where? There are a few zones we are looking at. It is possible that bitcoin bounces around the 67k and 54k for weeks before it pops through 67k. It could revert to the 50 week moving averages at 44k and rising daily.
Lastly, it could stay parabolic, this I find less likely. One thing I do recommend is not trying to outsmart the market, just hold and enjoy the ride.

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Big Ichimoku Update. The blue line has pivoted and looks to cross the green line which has historically lead to the parabola.

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Bitcoin broke through this GREEN .618 Fib Level with conviction and even retested it.

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Can bitcoin retest the previous support (white line) ? This white line served as support for Bitcoins entire history until it was breached in the last bear market. Very recently in broke back through the GRREN .618 that served as resistance the bear market and part of the bull market. Bitcoin is now above this area and did do a very quick retest. I do believe that now, a retest of the (WHITE BREACH line) is possible. At the moment it resides at aprox 110k. In two to three months it would be aprox 120k. If Bitcoin was to meet this area, in the near future, I would expect a very big rejection and could possibly mark either the top or local top, most likely the top of this bull run. This is also a big "IF"

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Bitcoin is in a correctional phase until the 24th of March. What will exactly happen I'm not sure of. It could just go sideways and consolidate or correct then bounce back up Immediately and continue on in April and May to new highs.

I would not trade this market now, it's very hot and you could get caught out of position. Just hold, higher prices will come.

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Looks like were are getting the a very healthy correction that has been an inevitability and needed for higher prices.

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Could this be the Bitcoin future for this year?

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Another pump tomorrow (Friday) Magic number for weeks close is 69k $69058.00 to be more specific. The bull market is not over, the only question that remains is, where is the continuation?

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April 8th to 10th at latest should see a big move. Providing greed holds support it should be upward.

BIG MOVE EARLIEST APRIL 8th to LATEST APRIL 10th!?

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Navigating through the crypto verse can be difficult and challenging. The volatility is very hard to handle for most. That's because they let their emotions rule them. conquer your emotions, rule them, and success will follow.

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The rising wedge has been penetrated, Fear and greed broke through the top support band, the RSI is right at a support level, and the Stochastic has one cross but not the second line. What will happen? We need confirmation, nothing has confirmed yet. This could just be a fake out.

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Is Bitcoin in a bull pennant? Although it has broken support from the rising wedge, it is also in a bull Pennant. What will happen next???

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APRIL 8TH is here!!!!Big MOVE is here!!!!! RIGHT ON TIME!!

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Even thought the breakout is here!!! DO NOT FOMO IN!! This could be a fakeout!!

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2017 fractals. the trend line is key!

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If you were looking for a entry point... IT is a good time to dollar cost average in!

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Two of the moist important trend lines for bitcoin. One has been broken and has seemed to found support. Is the next line resistance?

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Crypto fear and greed holding strong!!

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No surprises here, we expected this. 21 week MA must hold to remain in bull market. If it doesn't, then it could lower for longer.

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Volatility has entered the market. There are lot of bad signs for the medium term. Short term there will be a bounce before some some down side comes back. The longer term still has new highs later this year or even next year. The fear and greed sliced through the up trend , and the support band. Could retest the 32 level later or even sooner. WE ARE STILL IN A BULL MARKET

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Above are the levels of support to look for ^^^^^

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Did Bitcoin just catch support on the 21 week MA, uptrend and the RSI?

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Bull flag break out after a big bounce of the 21 week with a massive wick. This breakout confirms a the end of this week!!

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Here is another look at the phases phases of the bull cycles with the risk tolerance.
According to the historical data, we have yet to top. The top (historically) comes above the top yellow line if it gets there. Having said all that, I do believe there is more to come and by making a measured move from this data it's pointing to late oct for a top, which is much sooner than most are expecting. It can retest the bottom yellow before it does make the final move.

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whether Bitcoin is in it's final phase or not, I 100% believe it's much , much farther along than most think.

The yellow trend line is similar from 2017. when it stopped playing with this line, is when the final parabola came. I do believe it's very similar.

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Im adding future out look possibilities through Wyckoff distribution.

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Sell and go away in May? NO, sell in June come back soon!

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After all this time and and all this movement, Bitcoin still has yet to touch and upper or lower fib band in this chart. Almost2 years in and the suspense is even higher than it originally was.

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Getting some daily closes above the 72k level could lead to a rally!!

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If Bitcoin is to make new highs and the market grow, any day now needs to to see something big. Remember the breach of the 72k level on the daily is big.

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Staying above this level is very good for bitcoin on the monthly. It shows strength that should eventually lead it to the next leg up. Generally it take 90 to 120 days for the consolidation to do so. We are now on day 94.

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Very strong weekly close on the total market cap.

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Have no fear, Elliot is here! WAVE 5 IS NEXT!!

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To make this wave 5 valid, we would need to see bitcoin hold above 61k to 63k preferably the 63k. If it gets rejected from this area, there could be more down before an uptrend is established.

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A Close up on the bull flag Bitcoin is in. The top of the flag sit at 67k

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wow big move today. There i is a lot of resistance at 53 cents next major area is the 60 cent level

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A cautious update. The market could top as soon as September. The next few years could be one big distribution phase.

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Expect a very volatile August with swings in both directions.

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Nailed it!! Now, we should see growth to new high over the next couple months.

Trade closed: target reached

Hey Traders,

It's been a while since I have made an update to this chart as I have been away.

It looks like Bitcoin is exactly where it is supposed to be and working on making it's final move into next year. My Target for now is 122k in January as either a final move or a short term move before another a little higher into March 2025

More updates to come as I will be looking into some old and new charts. XRP is one I will be evaluating a little further first. I also have a old XRP chart I will be updating first.

WeAreSat0sh1

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Possible 10 day pull back coming. It could starting very soon maybe even today or later this week. Be ready for volatility.

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Even though bitcoin is likely going higher in this cycle, the BTC dominance has likely topped.

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WeAreSat0shi

tiktok.com/@wearesat0sh1

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