Get started

Btc-usdt

Volume chart BTC 05/11/2020-01/11/2022This chart show the wake top BTC made late 2021 and early Summer (69k$-64.8k$). I have the belief that BTC top on Friday the 08/01/2021 at a round price of 41950$. This in is line with GBTC start the continued selling of there BTC supply. The time in between 08/01/2021 and the most recent bottom of 17622$ on the 18/06/2022. Has bin an inverted bear market. This because of the famous market patterns BTC/USDT formed in this period. Being a Wyckoff Market Cycle. Forming a quad top from 02/2021-06/2021 and a double top in 11/2021 above the 41950$ markt top. Following a cycle of downside from 26/11/2021 to the end for the trend 18/06/2022. Leave a comment down below with thoughts if you have questions about this Wyckoff market Cycle. After the worldwide panic that was this downside cycle BTC top again at 25211$. Just above what is now a volume RES zone range of 45% of all volume that happened since the 05/11/2021 14093$ The zone 45% range low is 18393$ and mid range is 19.2k$. Any price action below the mid range or range low should be a instant BUY for the next 3-5 year. Targeting 100k$+ / 332k$ (--->1m$+) If this LVL is broken again for a longer time I see the 15k$-14k$ range come in to play And because of recent high relative volume coming mainly from the US zone and EURO zone. Can result in mass panic!!! And a likely V shape bounce. Think 03/2020 or 11/2018-05/2019. PLS NOTE: At last this is post is the result of a 4 HOUR NIGHT of thinking AND IS NOT ADVICE. ONLY TO BE USED as new way of thinking about BTC and current life. With 1,75 year experience 05/2021 to my name as of writing this.
Long
by SPACEMEN99
BTCUSDT → Strong consolidation. What is BTC preparing for?Bitcoin has been in a strong consolidation for two weeks, which is starting to form a pre-breakdown formation. The next retest of the 28650 level will be able to implement the buyers' plan. What is going on and what to expect from the price? The flagship is in the stage of realization of the fifth wave. It is worth paying attention to the consolidation. 1. strong consolidation near the resistance level 2. no pullback after the false breakdown of the level 28654 3. many repeated tests of the resistance level 4. the local trend is ascending. Proceeding from these nuances, we can conclude that the price is about to exit the upside range, break through the resistance level 28654 and go up to 30000, and then to the fibo level 1.618 at 31290 (preliminary target for the 5th wave). There were no strong fundamentals this week, but there are a number of nuances worth paying attention to: 1. Vitalik Buterin: "there will be no more explosive growth of BTC". 2. Santiment: all major bitcoin transactions this year were made in March, and the nature of the transactions indicates "profit taking". 3. Bitcoin miners' earnings rose to a 10-month high 4. WhaleMap expects volatility to rise on the back of $5 billion worth of whale transactions at current levels. (Recall that the price is in consolidation - gaining energy to move further in one direction or the other) 5. Santiment notes bitcoin's strong dominance on social media among the crowd. Regards, R. Linda!
Long
by RLinda
22