BITCOIN ( UNDER TURNING LEVEL ) ( 4H )BITCOIN
HELLO TRADER S
Tendency the price trade below turning level at 56,752 , indicates is under bearish pressure
TURNING LEVEL : a blue line between resistance and support level around 56,752 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a black line around 59,383 , indicates selling have already increase this level , so if the price breaking turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 54,488 , indicates buying have already increase this level , so if the price stable below turning level reach this level
PRICE MOVEMENT : first the price will trying to rising a turning level around 56,752 , after dropping to the support level around 54,488 , then stable below this level reach 52,454 , if the price breaking turning level reach a resistance level by 59,383 , then stabilizing above this level reach a 63,383
TARGET LEVEL :
RESISTANCE LEVEL : 59,383 , 63,383
SUPPORT LEVEL : 54,488 , 52,454
Bitcoinpreis
🌟 Exploring Bitcoin's Future Through Logarithmic Regression 🌟I've been delving into the fascinating world of Bitcoin's price trends and came across some compelling insights that I thought were worth sharing. Here's what I found about using logarithmic regression to understand and predict Bitcoin's market movements:
The Power of Logarithmic Regression: This method is really intriguing for Bitcoin analysis. It shows us how each cycle tends to bring diminishing returns compared to the explosive gains in Bitcoin's early days.
Peering into Future Peaks: Based on this approach, it seems that the next significant peak of Bitcoin could be lower than many expect, considering its current price around $45,000 and historical trends.
A Glimpse into 2025: Projections suggest that by late 2025, Bitcoin might reach just over $100,000. However, this might not align with a cycle peak, indicating a more gradual growth trajectory.
Understanding Market Cycles: The patterns of Bitcoin's rallies and downturns, along with its interactions with other assets like equities, offer a fascinating glimpse into its market behavior.
Altcoins in the Bitcoin Universe: In scenarios where Bitcoin experiences a major rally, it could significantly impact altcoin values. There's also a possibility of a 'double bottom' occurring in the current Bitcoin cycle.
The Significance of Regression Lines: Changes in regression lines can lead to notable shifts in Bitcoin's price. This concept was particularly evident in the 2018 cycle.
Current Price Considerations: Analyzing the current price in relation to trendlines indicates potential highs and lows. Reaching a $100,000 mark seems plausible, but going as high as $300,000 in the current cycle could be more challenging.
Bitcoin's Market Dominance: Despite potential fluctuations, Bitcoin's dominance in the market seems poised to continue its upward trend, offering a level of stability in the volatile crypto world.
To Uranus after the Moon (Bitcoin Chart-Art)Venturing through the labyrinthine tapestry of blockchain architecture with a symphony of algorithmic dexterity, our lunar conquest effortlessly transitioned into a transcendental odyssey to Uranus
(Bitcoin Chart-Art)
BTCUSD 1D poss. price action projection into the futureThis is the result of my analysis about the 1D chart possible price action develepement. Just an idea, nothing seriouse. Worth to monitor ;) Pls leave a like when it worked out
Das ist das Ergebnis meiner Analyse über den 1D Chart mögliche Preisentwicklung. Nur eine idee, nichts gravierendes. Wert, im Auge zu behalten ;) Bitte liken wenn es gefällt
Good Risk to Reward for Going Long on Bitcoin based on DXY pivotYou can see that last two movements of bitcoin in the broadening ascending wedge is very similar to DXY movement's timing. Look at Green Boxes on both charts: DXY moved from midline to the bottom and bitcoin moved from bottom to top. Then look at Red Boxes: DXY moved from bottom to TOP , 2x previous price action but BTC came to the bottom line (ALMOST) the same much! I consider this as another good sign for BTC bulls.
Now, if DXY can break down 103 then BTC can go up to 24300$ with 22500$ as the stoploss.
Bitcoin Bitcoin MARKET UPDATE
Bitcoin support levels - $16,000 and $15,600 strong Support
(Buyers available at this position )
Bitcoin resistance - $16,600 and $17,000 strong resistance
(Sellers available at this position)
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Analysis -
BTC support is at $16,000 and next support is at $15,600. Resistance is at $16,600 and $17,000. Trade carefully and manage your risk according to mentioned support and resistance levels. BTC closed its daily candle red at $16,280.
Total crypto marketcap is at $804 billion down by 3.89%. BTC dominance is at 38.8%.
Prediction: BITCOIN Will Reach 15,000 USD Before April!!Dear Crypto-Family!
D4rkEnergY, everyone's favorite Top TA Author, is back again with one of his bold predictions! D4 is aware of there are lot of risk involved, making controversial Bitcoin-forecast like this. But do you think that D4 is afraid of anything? He is not! He is different. He is one of a kind. He is unique!
So let's jump in. We are here taking a look at the 4H BTCUSD Chart. First of all I want to say that the 55 % scenario was ridiculous spot on all the time, until now. We just had a minor Sub-wave failure, where the 4th sub-wave retraced more than 50 % and down in the 1st sub-wave price territory.
But guys, that is part of being a trader. Every day, every hour, every minute, every second we will get new data, and if you want to become a good trader you must be prepared to adjust to new circumstances.
So this prediction is based on historical data, Elliott Wave Theory and Fibonacci ratio Relationship. As you can see I've used Trendbased Fibonacci extension tool to determine our targets!
In purple we have our EW Subwaves, and are right now in the middle of an C-down correction. At this moment we have so far had a 38,2 % retracement of the EW Subwave Cycle. Usually we want more. And we might go down to a 50 % retrace, where we also have support from EMA200, which is equal to 10,5k.
In this scenario we will hereafter be on EW3 (Primary) and we will easily go up again and test the inverse HS Pattern and get through. Due to the new trust in the market, we will hereafter go to 13,5k (maybe higher), and have a 38,2 % retracement back down to 12,5k. We might have a bigger correction to 12k, if we only have a 38,2 % retrace on the 2nd primary EW.
And then.... Next stop: 15,000 USD!
See you on the moon, guys!
D4 loves you <3
PS. I would be glad if you gave me a BIG LIKE! Please also follow for more. Thx in advance <3