The analysis is inn continuity to my previous analysis done on btc price activity, this is calculated on the bases of 50/200 MA fib retracement and Elliot waves theory my price targets are 11200 $ for first base touch in jan 2023 then a retracement to flush out weak hands and then final drop to 8860 target for completion bear market in 2024 if your like my...
::This chart is a sifting & filtering of data from the previous cycles. ::This is a reference guide made from time and percentages and general price movement spanning from the inception of Bitcoin until present day. ::This was made to be a useful reference and by no means should this chart be interpreted to be an accurate prediction of price and time (although I...
If you go back to my previous idea for TOTAL3, you'll see that I had "eye-balled" a pitchfork (downward) to show a channel that I figured we would eventually take. I may not have gotten 100% accuracy on that fork but it was obvious (to me anyway) that we had some serious correction coming. That fork has proven itself after all. So welcome to the next leg of the...
INDEX:BTCUSD 💀💀💀🐻🐻🐻🐻🐻🐻💀💀💀 OK Here it is. . . The BULLISH/BEARISH ZONES. Originally Posted Back in SEPT 2021. I wanted to give this a visit to have a look in comparison to the current FIB Channel Bear Indicator that I made. They are in direct correlation. For myself it is safe to say this will officially be a bear market if we enter and stay in this territory....
From my study, we're looking at a bottom between Oct 15th - November 15th sometime. Likely sooner than later - my current target is around 11k October 15th, but that could change depending on how the price wants to float around within that window. Definitely bottom by end of November in any case. On a linear chart you can see we are about to fall into the bottom...
1. BTC Short Entry : 29300 Sl: 30k Tp: 25k 2. BTC Sell Limit Entry : 33k Sl : 34k Tp : 25k
BTC looks primed for a move down to $32K over the next 2-3 days. That price level may provide a temporary relief bounce, but even then price action could just continue down. This would be a last chance price level before continuing down to my $18K-$20k near term bottom. Watch for a break of this bear flag on the lower time frames, which is just a smaller flag...
Last time btc was this decisively rejected by the weekly ema ribbon was 2017-18 , we had the top set in almost the same time frame as well. December was the top in 2017 and it wasn’t till around April when there was a retrace up and a rejection from the ribbon. Now in 2022 bear market we are about a month ahead of schedule, setting our peak early November and...
2018 bear market vision fractal elongated 2018 bear market vision fractal elongated 2018 bear market vision fractal elongated Credit @CryptoToTheFuture
BTC is currently -50% from ATH, Like from the May correction. We have a last support trend line and red resistance trend line
Looking at history and the old ATH we saw a similar structure forming for the Bitcoin price. A big consolidation range at the 30k area forming demand before marking up and forming a classic Wyckoff Distribution back down to that same area. Things are looking pretty similar now where we had the same consolidation at 40k forming a big demand area for Bitcoin. Looks...
BTC has been dropping in price since testing 40k 10 days ago. Earlier in the week it came down and found support at 28k and has since moved back up within this broadening wedge. To me it seems all but inevitable that we'll be retesting 28k again since BTC just barely hanging on above 30k. I'm not sure if there will be enough buying pressure this time to bring the...
strikingly similar parallel to GOLD's long term chart, $BTC appears to be in the early stages of a corrective phase, With potential lows, as low as $27,000 and $24600 I don't expect the chart to go straight to those targets but in a series of corrections and over time. Time will tell.
I dont think we bottomed at 3K. maybe we will have another lower high with halvening fomo however longterm we are going down below 3K.
This cross on the weekly is extremely powerful in the history of Bitcoin, Obviously last time we had this cross the party is over for now
The chart is self explanatory, in a few words a comparison between how the 2014 - 2015 bear market reached its bottom and the similarity with the price action at hand. Based on that comparison, December's 3150 bottom was a temporary one much like the 278 during 2014 - 2015. A maximum peak at 4600 is to be expected followed by the final blow of -65% for a 1600...
Pattern: Kiss of Death on 1M. Signal: Bearish. Target: 2300. This is a typical bearish pattern. The price falls below the 21EMA and revisits the line from below, "kissing" it and getting rejected. In 2014/2015 it bottomed after a -61.27% fall. The same degree puts the bearish target/ bottom at 2300. The duration of the 2014/2015 pattern until the time it broke...
This is a basic but informative illustration of the Death/ Golden Cross occurrence on BTCUSD. During the last bear cycle (2014/ 2015) the Death Cross occurred just before the cycle'c bottom was made in January 2015. The bottom was made 3 weeks after the Death Cross took place. What followed in the coming months was a year long consolidation period that stopped...