Bitcoin - Crash to 57k, then 100k! (must see)
Updated
The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC!
It's also important to take a look at the long term trendline (October 2023 -> January 2024). We have 2 touches, and the 3rd touch is inevitable sooner rather than later! It will be good if you buy Bitcoin at this trendline. Trading is easy if you have the right information. After we hit the trendline, we can continue in the bull market (100k+). Do not forget that prices are usually very volatile around the halving event.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
It's also important to take a look at the long term trendline (October 2023 -> January 2024). We have 2 touches, and the 3rd touch is inevitable sooner rather than later! It will be good if you buy Bitcoin at this trendline. Trading is easy if you have the right information. After we hit the trendline, we can continue in the bull market (100k+). Do not forget that prices are usually very volatile around the halving event.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Comment
The major trendline must be tested! Set an alert on this trendline on TradingView.Comment
Waiting for the bullish flag to form! Buy at the bottom of the flag for maximum gains!Comment
Middle line of the range is a strong resistance!Comment
Do not fall for this fake pump, it was expected to force you buy.Comment
I was right about my previous analysis:
Trade active
Time to sell/shortComment
Do not FOMO, do not buy. Wait for it, patience is the key!Comment
My new post: Bitcoin 2025 Target + Bull market map (must see)
Comment
This analysis is still valid and I am expecting a crash soon!Comment
Whales need liquidity, and there is tons of it below the previous swing lows. It's almost guaranteed that the price of Bitcoin will drop below these lows, so whales can use your selling orders to their advantage.Comment
Bitcoin is crashing, no signs of a trend reversal. Stay bearish.Trade closed: target reached
Bitcoin reached 57k ! It's almost time to buy it.Comment
Bullish flag + trendline is a fantastic buying opportunity!Comment
I will stop updating this analysis, but make sure you take a look at my new ETH Idea (main indicator for BTC).
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Hope you caught the bottom on BTC and ETH! The bull market can start.Comment
This is my last update on this idea, please look at my new analysis:
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