BTC Bottom & New ATH..... when ?!!! Hello Guys
There are some notes of BTC weekly Chart:
1. We have a new ATH every 4 years ( 1428-1477 ) days..
2. After the ATH we take about ( 52-59 ) weeks to make a new bottom then we go up a little ...
3. Every time we reach a new ATH we drop down in a same angle (-55) before the new bull run starting .... look at my chart ( Red angles and curves ):
****** We dropped from ATH 2013 to Bottom 2015 by an angle ( -55 ) .
****** We dropped from ATH 2017 to Bottom 2018 by an angle ( -55 ) .
****** Same (24 July 2019) we dropped from local top to the local bottom by Angle ( -56 ) .
****** Will we drop from ATH 2021 to Bottom (2022 - 2023) by the same angle ( -55 or -56 )??
4. In my opinion , I expect we will reach the final bottom between ( 26 December 2022 : 6 march 2023 ).
5. I don't care what will be the price of BTC then , but I care only for when will be the possible bottom !!.
But if we can try to expect the price it will be in a range of ( 11900 : 9000$) ...
Note:( 10K - 10500$) is very very strong demand area for BTC .
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Finally , I think the new ATH will not be before Nov 2025 ( 150k $ ).
It is not a financial advice , I am only share my thoughts with u :)
Thank u and good luck.
Btcanalysis
Bitcoin (BTC) is Turning Up in H4Technical Analysis:
- BTC is doing wave (3) in blue which is part of wave ((1)) in black
- When wave ((1)) is completed, we expect a ABC correction in wave ((2)) in black around at 32,500
- H1 & H4 right side is turning up
Technical Information:
- We only consider the buy opportunity in wave (4) in blue once it's completed
Where will bitcoin go?According to the price action structure on the chart, it seems that Bitcoin will drop to the green range of ob after hitting the red range of supply.
We have sets of ob's that have been mitigated and now it looks like the way is open for a drop to the green range.
This upward movement of the price seems to be the time to collect sell orders
Also, we should not forget that we are under major dynamic resistance.
I have specified the invalidation level. Closing a 4-hour candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTC Bitcoin Technical Analysis and Trade IdeaIt's evident that Bitcoin has faced sustained downward pressure for a considerable period. A close examination of the chart reveals a decisive breach of the existing trading range to the downside, followed by a subsequent retracement. In our discussion, we explore the prospect of a potential entry point, while also carefully analyzing certain adverse indicators that are clearly visible on the chart. It's crucial to emphasize that all insights and analyses are comprehensively explained in the accompanying video and should not be interpreted as financial advice.