Bitcoin projection for this bull runLooking for short positions at the upper limit , that is when i usually enter short.
Around the 91k region there is a resistance.
I expect a 25-30% correction from that region. After that bull run will resume its run and stop at around 115k .
It can go higher ,nobody knows how high it can go but this is what trendlines are telling us.
Bearrun
Bitcoin - Weekly chart Update - Bears will lose#BTC/USDT #Analysis
Description
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+ Bitcoin has bounced back with a 15% recovery from the recent market low, a positive sign indicating resilience. The price is currently holding above a critical support level, which is crucial for maintaining bullish momentum.
+ While the price is trading above support, a major drop below this level would be concerning for Bitcoin’s long-term outlook. The next significant support is at $45K, a crucial trend line. A break below $45K could signal the onset of a bear market.
+ Despite the recent recovery, August and September are expected to be challenging months for Bitcoin. The market is likely to range with multiple spikes and drops, potentially leading to liquidations for both bulls and bears. This period of volatility requires careful risk management.
+ I remain optimistic that Bitcoin will hold above the $50K level, with a gradual recovery likely from this area. Maintaining support above $50K is essential for avoiding a deeper downturn and sustaining the long-term bullish trend.
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Bitcoin :what is next?Btc is still in a range of 50k-70k.
We might see a push to the downside at 55k level maybe a wickfish into 50k zone but i think it will reverse immediately from that dump.
In the other side alts are still suffering , and this will continue until dominance reaches 60-69% it depends on the PA of Btc .
Some alts might bleed a little bit more but overall things are looking spicy in the cryptocurrency market . IF we are lucky enough to witness a bigger dump ,that would be a gift for us .
Lets PaaaaamP it.....
US30 START OF A BEARISH MELTDOWN?Short positions on US30 appear compelling this week. We've observed significant bearish momentum lately, leading to a shift in character towards the downside, hinting at a potential trend reversal. Despite not having breached major structural levels yet, two robust supply zones remain, from which we can expect a bearish response.
The slowdown in price movement suggests distribution on higher time frames and hints at an impending reversal. Moreover, there's considerable liquidity to the downside, attracting price action, potentially resulting in a sweep of those equal lows.
Confluences for US30 Sells are as follows:
- Price has changed character on the 4-hourly time frame to the downside.
- Lots if liquidity to the downside in the form of equal lows.
- Two good supply zones in which we can expect a major bearish reaction to take place.
- Price has been heavily bullish and its due for a retracement.
- On the higher time frame price has slowed down momentum, good sign for a reversal.
P.S. However, on the higher time frames, the price remains notably bullish, with equal highs recently established at the latest swing high. These highs represent significant liquidity points, and it wouldn't be surprising if the price retraces to take them out.
FOMC news this Wednesday, trade safe and have a great week!
BTC time to switch ?As things stand BTC will more likely break the ATH , been wrong past 6 months trying to catch a reversal , but i was playing also both sides.Half of my capital currently is invested.
I am still sitting on cash with more than 50% of my portofolio in usdt.
If we start breaking ATH first target is 86k based on fibonacci but also when looking at 2 previous highs there is a trendline that extends and it correlates with fib extension .
First fib extension is 86k , second one is 106k.
I still think a 30-40% drop has to occur.
If that happens ,buy the dip mode will be ON.
Dent Projection for the next 18 monthsNo one gives this info for free, Enjoy it and get rich ,even if u have 10 cents to invest make it happen.
46x on the cards boy, shall this happen we get rich as duck.
A push down in to that zone 0.000650 to 0.000370 is likely to occur.
Then we drop the guns and wait ..... like a ticking time bomb.
Bitcoin could go as low as 10800$.Based on fibonacci sequence and trendlines it shows that btc could reach at 10800$ region in 2024 just before the halving and in August 2024 where the cross is located it indicates that from that moment btc could get its volume back and start rallying to the upside.
No breakdown.. XRP is very bullishSooo the breakout didn’t happen but what I saw is an uptrend line still intact and the support where it’s at right now are very strong..
Might expect the history repeats even if the support still 0.4000 area are still strong should be able to go upwards during that resistance zone and in a key.
If this plays well … Welp please buy go all in and hold it. If this doesn’t hold then drop down to 0.250 area or 0.1660 area. Let’s see what happens but this damn felt bullish
Let’s see who’s the strongest the bulls or the resistance zone
Understanding market structure MatrixV1st High: Price makes new high
1st Low: Price rejected on the 0.5/0,618 Fibonacci Zone
Higher High/HH: Price reaches 1.618/1.85 Fibonacci Zone, rejected at trendline
Higher Low/HL: Price rejected to 1st High (0.5 Fibonacci Zone of the whole structure)
Lower High/LW: Price failed to make a new high, rejected at trendline => Break of trend, confirmation for trendreversal
Same Low/L: Price makes consolidation => Orderblock Zone/Banks will enter in this zone for sell
Lower High 2/LW 2: Price rejected at 0.5 (1.309) Fibonacci Zone
Bankmovement: Sellpresure triggered orderblock, price goes to 1st Low
GG Ez MatrixV
USDJPY 300 Pips sell MatrixVIdk what this last bullrun was, but the market went as I predicted (watch for the zones)
When we break the white zone, USDJPY will go doooooooooooown = most important zone (Overbought In weekly chart)
Watch at my last post about USDJPY, where I predicted the bearrun.
GG Ez MatrixV
BTC projection until after halving 2024.Waiting for9k region and cme gap to close at that level . Then later we should see a mini bull run up to 36k where there is another gap .All of this to happen in the first quarter of 2023 and then we should see another bear run where btc from 36k to fall up to 9k again before the halving event occurs.
After the halving i expect btc to go and hit 100k which is another psychological level , and you can see there is a resistance starting from 20k and 60k which continues and it shows that there is a possibility that btc touches 100k in 2025.