what is happening to BTC right now ?!
🐺 "Hello, KIUCOIN family . I hope you're doing well. 🐺
In this analysis, I've decided to explain what's likely to happen to the BTC price in the immediate short term and the long term. Be sure to stay tuned with me until the end, as it's going to be mind-blowing." 🤯
"First of all, let's examine the monthly chart. In my opinion, this is one of the best timeframes, especially for this analysis, because it reveals extraordinary price targets. Let's dive into it :
https://www.tradingview.com/x/i5TLsPif/
As you can see on the monthly chart, BTC is between two uptrend curves that have acted as support and resistance since 2015. These curves are fairly strong, justifying their classification as strong support and resistance lines on the monthly timeframe.
As you may already know, the higher the timeframe we examine, the more accurate results we can achieve. Therefore, the patterns on the monthly timeframe are much more accurate than those formed on the daily or even the weekly timeframe. In this case, we have a clear and perfect bullish flag pattern. This is a bullish pattern, and its main target, which aligns with our resistance line, is around $165,000. 🔥🐺🚀
So let's reveals more details for you dear 🐺KIUCOIN🐺 family :
https://www.tradingview.com/x/NriMjmpT/
In the chart above, on the weekly timeframe, we have a clear AB=CD pattern. This is a well-known pattern in harmonic trading and, in my opinion, is quite accurate. Seven out of ten times, these patterns reach their targets, making them a valuable tool for traders .
So I think there is another secret reason for us to pay attention to it :
BTC.D
https://www.tradingview.com/x/5f0MErTm/
As you can see in the chart above, BTC.D is currently within a symmetrical triangle, which could also be considered an ascending triangle in this case. It appears to be on the verge of breaking out. In my opinion, if BTC.D breaks through this resistance level, it could be incredibly beneficial for the BTC price, potentially leading to a significant rally up to $165,000. However, this could also be challenging for altcoins and ETH. While they might also experience pumps alongside BTC, these pumps are likely to be less substantial. After such a BTC-led rally, we could expect a massive altcoin and ETH season. So, stay tuned with me until that time, as we could potentially make life-changing money together during this market cycle.
Now finally it's time to take look at the lower time frame :
https://www.tradingview.com/x/kaZIyBOX/
As you can see on the daily timeframe, if BTC breaks through the orange resistance line, we could consider entering a long position with a target of the previous all-time high. You could also take some profits at a predetermined level and set your stop at the entry point to protect your initial investment. The remaining position could then potentially continue to generate profits, leading to a higher target of $165,000.
I hope you enjoy this idea dear KIUCOIN family , also always remember :
🐺 Discipline is rarely enjoyable , But almost always profitable 🐺
In this analysis, I've decided to explain what's likely to happen to the BTC price in the immediate short term and the long term. Be sure to stay tuned with me until the end, as it's going to be mind-blowing." 🤯
"First of all, let's examine the monthly chart. In my opinion, this is one of the best timeframes, especially for this analysis, because it reveals extraordinary price targets. Let's dive into it :
https://www.tradingview.com/x/i5TLsPif/
As you can see on the monthly chart, BTC is between two uptrend curves that have acted as support and resistance since 2015. These curves are fairly strong, justifying their classification as strong support and resistance lines on the monthly timeframe.
As you may already know, the higher the timeframe we examine, the more accurate results we can achieve. Therefore, the patterns on the monthly timeframe are much more accurate than those formed on the daily or even the weekly timeframe. In this case, we have a clear and perfect bullish flag pattern. This is a bullish pattern, and its main target, which aligns with our resistance line, is around $165,000. 🔥🐺🚀
So let's reveals more details for you dear 🐺KIUCOIN🐺 family :
https://www.tradingview.com/x/NriMjmpT/
In the chart above, on the weekly timeframe, we have a clear AB=CD pattern. This is a well-known pattern in harmonic trading and, in my opinion, is quite accurate. Seven out of ten times, these patterns reach their targets, making them a valuable tool for traders .
So I think there is another secret reason for us to pay attention to it :
BTC.D
https://www.tradingview.com/x/5f0MErTm/
As you can see in the chart above, BTC.D is currently within a symmetrical triangle, which could also be considered an ascending triangle in this case. It appears to be on the verge of breaking out. In my opinion, if BTC.D breaks through this resistance level, it could be incredibly beneficial for the BTC price, potentially leading to a significant rally up to $165,000. However, this could also be challenging for altcoins and ETH. While they might also experience pumps alongside BTC, these pumps are likely to be less substantial. After such a BTC-led rally, we could expect a massive altcoin and ETH season. So, stay tuned with me until that time, as we could potentially make life-changing money together during this market cycle.
Now finally it's time to take look at the lower time frame :
https://www.tradingview.com/x/kaZIyBOX/
As you can see on the daily timeframe, if BTC breaks through the orange resistance line, we could consider entering a long position with a target of the previous all-time high. You could also take some profits at a predetermined level and set your stop at the entry point to protect your initial investment. The remaining position could then potentially continue to generate profits, leading to a higher target of $165,000.
I hope you enjoy this idea dear KIUCOIN family , also always remember :
🐺 Discipline is rarely enjoyable , But almost always profitable 🐺
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