Bitcoin Will Continue Consolidating And LiquidatingBitcoin still has liquidity to the both side to take, we could see another sweep to both upside and downside. with this much liquidity we might continue our consolidation untill a decrease in liquidity happens to make a major move.
Thanks for watching
Bitcoinpattern
$Bitcoin - Its all in the charts.As can be seen, BTC is moving in a curve. This curve seems to have found bottom around 16k for this cycle and is right now hugging the bottom trend line.
-Given this curve, will we see 16k again?
-Looking at the historicals, most likely not. But IF the price action breaks the bottom trendline then that will be a first and after that anything can happen.
If everything goes according to plan, and by plan I mean according to history, we should see a cycle top around next year second half, latest by start of 2025 but we may not need that much time.
-What will be the catalyst for a new cycle top?
-No idea. I make my decisions only looking at the chart and not news.
-Can I be wrong?
-Maybe, maybe not.
Only thing we as investors can do, is to DCA our position and wait.
Bitcoin More Bullish Signals For 29.4!Bitcoin yesterday pump cleared weekly high and performed a SL hunt to 28.5, after that NY retraced it all back and In My Opinion we will crawl up today then jump to 29.4 at least. Could go to 26.9 or 26.8 but losing that level will send it down to 25.1.
Thanks for watching
Bitcoin Could have a pullback into a break out to 27.9Bitcoin was rising yesterday despite DXY movement to the upside.that indicates we may see a rise in prise when dxy pulls back down. IF DXY keeps going up and hit specific levels we could see a capitulation candle to the downside instead of a upside for BTC.
Thanks for all your support
BTC Multiple Sell Signals Showing Possible Flood To 23.8KBitcoin sell signals are getting more and more without showing any sign of recovery to the upside.With VIX going up today could be a volatile day for NY market thus BTC could get volatile as well.
SPX made a gap yesterday and went lower.we could see the same thing today if the bearish momentum is strong
Thanks for all the support