Bitcoin Update
(Weekly-TF)
Is bitcoin following 2023 chart?
In 2023,
-Major Supply was 223K-25K, 2 Times rejected from there.
-In Q1, BTC brokeout the Resistance/Supply!
-BTC pumped $16K to $31K. Almost +90% pumped.
-Flipped the supply & tested it 2 times as a support.
-Total '7 Months consolidation : 30K to 25K
-BTC formed a mega bullish ''Flag Pattern''
-Flag brokeout in Q4 (Oct Month)
-Started the 3rd wave bull rally in Q4.
In 2024,
-Major Supply : $63-57k, 2 times rejected from there.
-In Q1, BTC brokeout the Resistance/Supply!
-BTC pumped
39K to $74K. Almost +90% pumped.
-Flipped the supply & tested it 2 times as a support.
-Total 5 Months consolidation till now : $70k to 60k
-BTC forming a mega bullish Flag Pattern!
what next? 🤔
Like 2023,
- btc may consolidate 2 more months of Q3 (Aug-Sep)
- we may see the Flag will breakout in Q4 (Oct Month)
- will start the 5th wave bull rally in Q4
It is just a speculation, there is no guarantee that what happened in the past will happen in the future. #DoYourOwnResearch
If you like the Update, please boost & follow! Thanks.
(Weekly-TF)
Is bitcoin following 2023 chart?
In 2023,
-Major Supply was 223K-25K, 2 Times rejected from there.
-In Q1, BTC brokeout the Resistance/Supply!
-BTC pumped $16K to $31K. Almost +90% pumped.
-Flipped the supply & tested it 2 times as a support.
-Total '7 Months consolidation : 30K to 25K
-BTC formed a mega bullish ''Flag Pattern''
-Flag brokeout in Q4 (Oct Month)
-Started the 3rd wave bull rally in Q4.
In 2024,
-Major Supply : $63-57k, 2 times rejected from there.
-In Q1, BTC brokeout the Resistance/Supply!
-BTC pumped
39K to $74K. Almost +90% pumped. -Flipped the supply & tested it 2 times as a support.
-Total 5 Months consolidation till now : $70k to 60k
-BTC forming a mega bullish Flag Pattern!
what next? 🤔
Like 2023,
- btc may consolidate 2 more months of Q3 (Aug-Sep)
- we may see the Flag will breakout in Q4 (Oct Month)
- will start the 5th wave bull rally in Q4
It is just a speculation, there is no guarantee that what happened in the past will happen in the future. #DoYourOwnResearch
If you like the Update, please boost & follow! Thanks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.