BITCOIN Is 150k by August realistic?Bitcoin (BTCUSD) started to rise again, which is very natural as it almost completed a -25% correction (normal during Bull Cycles) and closed yesterday above the 1D MA50 after two straight rejections.
The situation couldn't look better on the long-term charts as well, namely on 1W where it is at a cyclical stage (ellipse on the chart) where during past Cycles it started its most aggressive rally.
As you can see, BTC rebounded on the EMA Ribbon, after making a new All Time High (ATH) while also recovering the Mayer Multiple SD1 from above (grey trend-line). When those parameters got met in the past, Bitcoin always touched at least the MMB SD2 from above (orange trend-line).
Based on that, the next Target on this run is $150000. Do you think that would be realistic as early as the end of August? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Bitcoinsignals
Bitcoin Fail in the ⚔️Third Attack⚔️ on the Resistance zone⚠️First, I must say that the Consumer Price Index(CPI) rates will be published today ( so be careful about your positions when they are published ).
🏃♂️ Bitcoin is currently moving in the 🔴 Resistance zone($63,440-$62,690) 🔴 (this is the third time it has attacked this zone).
🌊According to Elliott wave theory , Bitcoin seems to be in corrective waves . ( If the 🔴Resistance zone🔴 breaks, the scenario will change again) .
🔔I expect Bitcoin to start going down after the completion of main wave B to complete main wave C and at least fall to the Support line .
❗️⚠️Note⚠️❗️: if Bitcoin can break the 🔴 Resistance zone($63,440-$62,690) 🔴, the scenario will be changed.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN starting a mega rally. See when alts will follow.Bitcoin (BTCUSD) just completed the final consolidation phase (red Rectangle) that as per the price action of past Cycles, is the final stage before the 1-year rally to the new Top. As you can see alt coin market (black trend-line) tends to bottom after Bitcoin's rally has already started and when it turns sideways again for a few weeks.
Technically alts make that 2nd major Higher Low on their Cycle and rebound when BTC investors take some profits and direct a certain portion of capital to the riskier but more generous in terms of returns, altcoin market.
So if you're wondering what to do next, be bullish on BTC and as the new rally extends, start taking profits towards August and make sure you're invested in alts. The lower their dominance is by then, the better.
Do you agree with this approach? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BITCOIN Another 1D MA50 rejection. More bleeding ahead?Bitcoin (BTCUSD) broke again below the 1D MA100 (green trend-line) after the 3rd rejection on the 1D MA50 (blue trend-line) in almost 1 month (since the April 13 bearish break-out). If it stays unbroken, it is a far from ideal development as the 1-year price action has shown us that such a pattern risks making a Lower Low.
The technical structure since April 08 is a Channel Down nonetheless, so such feat is certainly possible on the short-term. As you can see from past 1D MA50 bearish break-outs, BTC tends to get more than 2 rejections and excluding January 2024, it has stayed below the 1D MA100 for longer.
What's interesting is that if that Lower Low is made, it wouldn't just make a 1D MA200 (orange trend-line) test, but would also almost complete a -30% decline from the recent All Time High. Something that during Bull Cycle rallies is perfectly natural for Bitcoin.
SO do you think the market will go for it?? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Bitcoin- Bullish Engulfing on retestAs I mentioned a few days ago, BITSTAMP:BTCUSD has broken above the descending resistance level of its downward channel. This breakout could signal the end of the recent correction.
Following the initial climb to the critical horizontal level at 65k, Bitcoin experienced another drop, testing the previously broken resistance level, which this time acted as support. Yesterday, we observed a strong bullish engulfing pattern at this level.
These are positive indicators for bulls, suggesting potential further upward movement in price. The key level to monitor is 65k, and a breakout above this level could pave the way for a new all-time high in the near future.
My outlook remains bullish.
✈️Bitcoin is Ready to Go Up✈️🏃♂️ Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($61,800-$60,900) 🟡 and 100_SMA(Daily) and Support lines .
🌊According to Elliott's wave theory , Bitcoin is completing corrective waves , most likely a Zigzag(ABC) corrective wave structure.
💡We can consider corrective waves in the form of a pullback to the upper line of the descending channel .
📈According to Classical Technical Analysis , Bitcoin seems to have formed a Falling Wedge pattern . ( Of course, it is not very standard ).
🔔I expect Bitcoin to start rising from the 🟡 PRZ 🟡 and at least rise to the 🔴 Resistance zone($65,650-$64,200) 🔴.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN Nothing to stop this Channel reaching 100k.Bitcoin (BTCUSD) is trading within the Rally Channel (green) with the price having already reached its bottom, making the 2nd Higher Low of the pattern. This is the very same pattern that emerged in the previous Cycle after the Growth Channel Up and took BTC to its new All Time High (ATH) at the time.
Both Growth Channels had a crash event below them, the previous Cycle even had a bubble event above it (Libra euphoria). But once the 1W MA50 (blue trend-line) turned into a Support after the Halving, the Bitcoin rally never looked back.
The 1W STOCH indicator, which is very similar to the past Cycle as well, shows that we might even be much earlier in the Cycle symmetrically than we think of. In any case the next two Higher Highs for the Rally Channel are $100k and $140k.
But what do you think? Are those Targets even plausible, let alone achievable by the end of Summer? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BITCOIN Mega Global Liquidity Buy Signal triggered!Bitcoin (BTCUSD) has seen a major buy signal getting triggered at the end of last month, that few are aware of. Our dominant circulating liquidity + High Yield corporate bonds formula (black trend-line) made a bottom and is rebounding, while BTC has been consolidating/ marginally pulling back.
Every time this combination took place in the past (green circles), Bitcoin was accumulating and shortly after started the parabolic rally phase (green ellipse). This is basically one of the most consistent long-term buy signals you can get in the market.
Are you really willing to bet against the market on this one?
Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
🚧Bitcoin Needs Correction🚧✅ Bitcoin moved as I expected in the previous post .
💡Currently, Bitcoin has reacted well to the 🔴 Resistance zone($65,650-$64,200) 🔴.
🌊According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
📈According to Classical Technical Analysis , Bitcoin can also form the Head and Shoulders Pattern .
🔔I expect Bitcoin to fall after breaking the Uptrend line , at least to the first 🎯 Target 🎯 I specified on the chart.
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴 Resistance zone($65,650-$64,200) 🔴, the scenario will be changed.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin is Ready to ⚔️Attack⚔️ the Resistance zone🎉Hi guys, I hope that you have a great weekend .
💡Bitcoin failed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and 100_SMA(Daily) and created a 🐻 Bear Trap 🐻, one of the reasons for which was the release of the US employment rate .
🏃♂️ Bitcoin currently seems to have succeeded in breaking the upper line of the descending channe l and is moving in the 🔴 Resistance zone($65,650-$64,200) 🔴.
🔔I expect Bitcoin to rise at least to the upper 🔴 Resistance zone($65,650-$64,200) 🔴 and possibly to the 50_SMA(Daily) .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin steady above support. Are bears done?At the beginning of the month, due to tensions in the Middle East, BITSTAMP:BTCUSD dropped below the crucial 62k technical support level, even dipping below 60k to reach a local low at 57k.
However, this breakdown was short-lived, with BTC spending only 2 days below this significant level before reversing strongly. This reversal confirmed a false break when the price returned above 62k.
Over the weekend, Bitcoin also broke above the falling trend line of the recent downward channel, further bolstering its bullish perspective.
Currently, we are facing resistance at both the technical and psychological level of 65k. Once (or if) we break above this level, the path becomes clear to revisit the old all-time high zone and potentially even move further upward.
As long as 62k remains intact, I maintain a strong bullish stance.
BITCOIN 1st green week after 4 red! Have we finally bottomed??Bitcoin (BTCUSD) closed the first green 1W candle following a streak of 4 red ones, so it has been the first week in almost 1 month. That alone is a strong bullish sign, especially on the very aggressive Channel Up on the 1W time-frame (chart on the left).
As you can see, every consolidation that is formed after a Higher High (red Rectangle) ends and transcends to the new Bullish Leg (green) when then first 1W candle is formed (circles). The previous (2) Higher Highs have been priced around the 2.786 Fibonacci extension, so the Channel's top and the Fib extension give us a projected Target Zone of $100k - $120k by the start of August.
Even on the lower 1D time-frame (chart on the right), we have the strongest possible bullish break-out confirmation as after BTC held the 1W MA20 (red trend-line) and rebounded, its 1D RSI broke above its Lower Highs trend-line and the following day the price itself broke above its own Lower Highs. This creates the probability for an Inverse Head and Shoulders pattern (IH&S), which technically targets the 2.0 Fibonacci extension level ($78000). The only confirmation left to make is to close above the 1D MA50 (blue trend-line), which provided the last strong rejection on April 23.
So what do you think? Is this the start of a new strong rally for Bitcoin and if yes what target are you pursuing yourself? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
🚨Bitcoin is Ready to Go Down again🚨✅ Bitcoin finally managed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and the lower line of the Descending Channel and 100_SMA(Daily) .
🏃♂️Bitcoin is currently pulling back into the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and moving near the 🟡 Potential Reversal Zone(PRZ) 🟡.
😱The Fear and Greed Index entered the " Fear zone " again after more than 4 months .
🔔I expect Bitcoin to start going down again and at least to the 🟢 Support zone($57,050-$56,550) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN testing the 1W MA20, most consistent Bull Cycle Support!Bitcoin (BTCUSD) dropped on the Fed Rate Decision day near the 1W MA20 (green trend-line), the closest it has been to it since the week of October 16 2023 when it broke above it. This level is of considerable important for BTC as it is probably the most consistent Support historically during Bull Cycles.
On this 1W time-frame analysis, you can see why that is. In the past 3 Cycles, this level broke and had 1W candles closing below it only 3 times. None during the 2015 - 2017 run, twice during 2019 - 2021 (one for correcting the Libra euphoria and the other the COVID flash crash) and one during the current 2023 - 2024 run (August - October).
As a result, this is technically the strongest Support that Bitcoin can meet before the ultimate 1W MA50 that is only closed below when the Bear Cycle starts. On top of the above, you can see the 1W CCI testing the top of its Bull Cycle Support Zone (green circle), resembling the tests of September 07 2020 and March 20 2017, both being the most optimal buy entries before the Parabolic Rallies begun.
But what do you think? Will Bitcoin rebound on this critical 1W MA20 Support or close below it for the 4th time in 11 years?? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BITCOIN Bottom of the 6-month Megaphone. Will it hold?Bitcoin (BTCUSD) almost tested the Higher Lows trend-line that started on the October 12 2023 Low, which is technically the bottom of the 6-month Bullish Megaphone pattern. Having a notable Resistance on the 1D MA50 (red trend-line), which is where BTC last failed to make its bullish break-out, if this level holds, then we can expect a strong Bullish Leg such as those of February - March 2024 and October - December 2023 (blue ellipses).
As you can see, each Higher High on the Megaphone pattern has been proportionally higher, the first hit the 2.0 Fibonacci extension, the second hit the 2.618 Fibonacci extension, which is natural for Megaphones. As a result, if the pattern continues, reaching the all important psychological target of $100000 seems more than plausible as it sits just above the 2.0 Fib extension, where based on the pattern it can even reach the 3.0 Fib (127k).
But what do you think? Will the Megaphone's bottom hold and push BTC to 100k? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Bitcoin is Ready to ⚔️Attack⚔️ to Heavy Support zone🏃♂️ Bitcoin is moving near Support lines .
🌊According to the theory of Elliott waves , Bitcoin seems to have completed microwave 3 of the main wave 3 and is currently completing microwave 4 of the main wave 3 .
🔔I expect Bitcoin to start Going down from the 🔴 Resistance zone($62,940-$62,540) 🔴 and attack the 🟢 Heavy Support zone($61,100-$58,700) 🟢.
❗️⚠️Note⚠️❗️ : The lines of possible waves are hypothetical , and waves can be formed in other ways .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
⚠️Bitcoin Analysis (Mix of Patterns)⚠️👋Hi, everyone. First of all, I apologize for the chart being busy, but I think all the lines and zones are needed to better understand it.
🏃♂️Bitcoin is moving in two descending channels : a ⚫️Black Descending Channel⚫️ and a 🟣Purple Descending Channel🟣 . Also, it is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴and near the Upper line of the descending channel and 50_SMA(Daily) and Time Reversal Zone(TRZ) .
📈If we want to look at the chart from the point of view of the Classical and Harmonic patterns , Bitcoin has succeeded in breaking the lower line of the Symmetrical Triangle Pattern , and it seems that a Bearish 5-0 Harmonic Pattern is forming near the upper line of the 🟣descending channel🟣.
💡Before concluding, let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart.
💡 USDT.D% broke the 🔴 Resistance zone(4.72%-4.53%) 🔴 as I expected and is currently pulling back to this zone, the pullback structure seems to be forming with the Falling Wedge Pattern , I expect USDT.D% to rising again and this It will cause another decline in the cryptocurrency market .👇
🔔I expect Bitcoin to start falling again based on the above explanation.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN Sellers seem fully confident again. TIME TO BUY?Bitcoin (BTCUSD) hit and broke yesterday below the 1D MA100 (red trend-line) for the first time in more than 3 months (since January 23 2024). This is progressively turning the majority of news and traders across the market bearish and in full confidence of shorting to even lower prices. Should long-term investors panic?
The answer appears to be 'No' and in fact if anything, this is the time to add more quarterly buy positions. The reason is shown on this 1W chart. Compared to the 2014/ 2017 Cycle, Bitcoin has formed the exact Bull Flag that is currently in 5 times until its eventual top. Each time the Flag bottomed after breaking the 1D MA100 but never touched the 1W MA50 (blue trend-line) until the end of the Bull Cycle. Of course the (green) Ichimoku Cloud also supported below all the way to the top.
It is interesting to also notice the 1W RSI sequence between the two Cycles. Both started with a Channel Up, which in the case of 2014/ 2017 it evolved into a Rectangle for the 2nd part of the Bull Cycle, with the price ranging from ovebrought (85.00 - 90.00) to borderline neutral (55.00). Currently the RSI is attempting to breach the Channel Up, thus flashing resemblances with the March 13-20 2017.
But what do you think? Is this the time to buy BTC again on a Bull Cycle basis or the narrative will be broken and it will test the 1W MA50? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BITCOIN First red month after 7 straight green. How bad is it?Bitcoin (BTCUSD) is about to close today (unless the 1M candle closing is above 71500) the first red month after 7 green monthly candles in a row. The last month of losses was last August (2023) and since then we've experienced an unprecedented rally, fueled primarily by the ETF anticipation and then its confirmation. So is this alarming?
Actually not. Sole 1 month red candles is quite common for BTC during its Bull Cycles and as we see on this chart, historically it tends to display mostly single 1M red candles and in some cases 2 straight red. Only once we've had 3 straight red months during a Bull Cycle and that was on September 2019 but it was when Bitcoin was correcting the abnormal very early rise following the Libra euphoria.
More specifically, when Bitcoin got past each Cycle's Halving, which is the position chronologically we're currently at, it has displayed single red candles 5 times and double 2 times. It is easy to understand that these short monthly corrections are a necessary part to Bitcoin's Bull Cycle especially as we get closer to the final and more aggressive part of the Cycle, which is the parabolic rally.
It is more likely that we will experience a green June and if anything a streak of green monthly candles to follow. If June is red too, we should then experience at least 4 straight green months as it happened on December 2016. In any case it appears that buying now on this red monthly closing is as good of a level as any as BTC prepares for the final parabolic rally of the Cycle.
As a sidenote, have a look at the 1M RSI, which after getting highly overbought on March (above 77.00), dived now back below the 70.00 barrier. This pull-back has more in common with RSI pull-backs like September 2020, March 2017, October 2012, than any other red 1M sequences. This confirms that the parabolic rally is just around the corner.
But what do you think? Are you expecting April to be the last red month in a while? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
🗺️Bitcoin Roadmap🗺️⏰(15_minute time frame)⏰🏃♂️ Bitcoin is moving near Potential Reversal Zone and Support lines .
🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing wave 5 .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔 I expect Bitcoin to reach at least the 🎯Target🎯 I specified on the chart.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN Bollinger Squeeze attracting Bulls for 100k and above!Bitcoin (BTCUSD) is about to test the bottom of the Bollinger Bands (BB) on the 3D time-frame for the first time in 3 months (since January 25). Right now the squeeze between the BB basis (blue line) and the bottom (green line) is extremely tight and since the start of 2023 this has been fairly accurate bottom call.
The trend since the November 2022 bottom has been parabolic (green parabola) and thus is most efficiently displayed by the use of the Fibonacci Channel extension levels. After breaking above the 1.0 Fib on the February 12 2024 candle, the recent All Time High (ATH) in mid March 2024 broke even above the 1.5 Fib. Technically on the new Bullish Leg that is about to start after the current squeeze attracts as many buyers as possible, we should reach at least (most likely even break it) the 2.0 Fib.
$110000 is a very realistic target under these conditions and we shouldn't neglect to mention also the BB Width (BBW) consolidating on its bottom, which again is related to high bullish activity and accumulation when performed on the BB green line.
But what do you think? Is this squeeze about to make bulls accumulate and break aggressively to the upside? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
🚀Bitcoin Is Ready to Go Up Again🚀🎉Hi guys, I hope that you have a great weekend .
🏃♂️Bitcoin is moving near the 🟢 Support zone($63,370-$62,790) 🟢. Also, Bitcoin managed to break the Resistance lines and is currently completing the pullback .
🌊According to Elliott's wave theory , Bitcoin seems to have completed wave 3 and is currently completing wave 4 .
🔔I expect Bitcoin to rise to at least the Potential Reversal Zone and upper Resistance line .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰🏃♂️Bitcoin is moving in the 🔴 Resistance zone($65,700-$64,500) 🔴.
🌊According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 4 in the 15-minute time frame .
🔔I expect Bitcoin to Drop again and break the 🟢 Support zone($63,370-$62,790) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.