Chart Idea - BTC Potential Bull Market TargetI have rarely seen a cup and handle created on weekly this beautifully. Acc to this cup n handle pattern, the TP is coming around $290K. I personally will start booking profits once the monthly RSI hits around 90. Bearish divergence on weekly will give further confirmation to start selling in big chunks. It doesn't matter what the price would be and what the month in that cycle would be. IMO, it will be around 3rd or 4th quarter in 2025. Let's see
Not a financial advice!!
Btctarget
My BTC top /new ATH in 2023 & 2024-2025 scenarios!!! BTCUSDT Hi dear community and my loyal followers.
I'm leaving here my highly probable 2 scenarios for BTC top/new ATH in 2023 & 2024-2025.
99% in crypto expect new ATH in 2024-2025 after halving and expect history to be repeated but what if they will be wrong and BTC hits new ATH in 2023 and surprises everyone and enters to long & devastating bear market in 2024-2025 and don't satisfy needs of the herd)). I like doing the opposite what majority expects and go against the herd. But I'm ready for both scenarios))).
As you see on the charts I draw my targets and path for BTC in 2023 and in 2024-2025.
My max target for 2023 will; be 72-85K based on my previous analyses I posted earlier/ They are targets I calculated based on Fib levles, Bullish megaphone chart pattern, Elliott waves etc.
And my max target for 2024-2025 after halving event will be 150-180K again based on fib levels, major trendlines, some secret projections, my experience & chart patterns.
But if BTC hits new ATH in 2024-2025, we'll see huge and deep correction at 48-53K zone and dump to 22-25K zone.
We'll come back to this analyses in couple months or in 2 years))) In any case be prepared for both scenarios. Stay safe and be level headed. I'm bullish in 2023.
If you like my ideas and analyses, don't forget to like, comment, share my ideas, and follow please. I"ll appreciate any single follow and any kind of support.
I wish you good trades and huge profits.
BTC Short PostionBTC is Still in DownTrend. And Till Now We dont see any Trend Reversel Confirmation. Based on That Here is My Idea on BTC.
After My Study here is The Price Levels on 3 TimeFrames Analysis. And all The Target What can Touch BTC Before Reverse The Trend.
I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade.
Aprox. All Crypto Currencies are Correlated to BTC . So If There is a Big Dump in BTC . All alt coin go down with it. Without Respecting any Technical Analysis
If You Like My Work Just Come and Join Me.
Not A Financial Advice
BTC/USD: Russia to Regulate Crypto, Dispelling Fears of Ban. It seems a bit unethical that BTC is falling during the Russia-Ukraine war. Cryptocurrencies history says it might be supported during crises like USD because there is a similar movement we found before like USD.
But this time, the BTC isn't getting benefits like USD. But very soon, we may see a big buy as Russia to Regulate Crypto, Dispelling Fears of Ban.
The government's plan to license exchanges and tax large transactions has the central bank's support, which previously wanted to outlaw mining and trading.
As SWIFT bans many Russian banks, there is a chance that Russia may rush to cryptocurrency, especially to the crypto king BTC and Chinese SIIPS.
Mexico already accepts BTC as payment, and El Salvador makes BTC their national currency. Many countries may jump to BTC to avoid economic sanctions seeing Russia.
Technically $37000/34000 is a support zone. So, I am expecting a pullback from the strong and trendline support zone.
$45500/45800 has created a strong resistance zone. Several times BTC was unable to break above the strong resistance zone. So, if BTC pulls back from the support zone, our first target should not be above the $45800 price zone.
We may see a long-term bullish trend only after breaking above the strong resistance level of the $45800/46000 price zone.
BTC analysis 1D time framewhite line: neck line of a valid H&S. we have completed a pull back to it
white box: strong static resistance area + fibo retracement 38% is also in the same area
yellow line: midline of a channel drawn in weekly time frame
green line: ema 200
+ notice that all indicators say that our lovely market is still bearish!!
so, we will drop down... where to next? right to the abyss !!!
Bitcoin Testing a Bottom?Bitcoin is testing the bottom of the Keltner Channel which has historically resulted in 35%+ recovery or more.
- Notice every time Bitcoin has tested the bottom of the Keltner Channel (2019-2022)
- Every low has resulted in a parabolic advance upwards
- Bitcoin bottoming slightly past this channel usually signals a bottom/prime buying opportunity
- Bitcoin is being strongly defended at 40K support zone
- Highly unlikely Bitcoin moves below $40K as it would shatter the Keltner Channel, severely damage market sentiment/confidence, trigger MORE downside, and the fear & greed index cannot go much lower
- All indicators are flashing "bottom" signals and the Keltner Channel strategy has been very accurate over the past 5 years or so
Not financial advice. Do your own research. NFA!
Good Luck,
- Mr. Bitcoin Baron
Bitcoin Following Projected $100k-300+ Target ChannelYeah I know it sucks for Bitcoin to drop so massively and destroy all short-term hopes for a continued uptrend without "downward disturbances".
I anticipated the drop and predicted it on Jan. 7
Still it caught me off-guard and brings a bit of annoyance and call for patience.
To the chart we go and let's check back with my Bitcoin channel prediction (see related idea).
The prediction analysis can now be tested. The upper Bollinger Band has been breached downwards.
So Bitcoin either is able to close above it or I would expect some more losses to -30% (~$29k) or -40% (~$25k) from the ATH (~$42k)
In case Bitcoin closes above that swings momentum back and gives Bitcoin the opportunity to remain fully bullish the following weak.
Best case scenario would be for Bitcoin to close at or above $38,2k end of this week. Then the 22$ drop was just a short lived "glitch".
The path Bitcoin is taking also will give an indication to what stock-to-flow trend line it is following.
Right now it would appear to be the 100k mid-May, which would indicate a quicker uptrend and a more parabolic move upwards starting mid-February and aiming at $300k.
As we have suffered already a 20% loss in price I remain bullish and consider the current price level a welcome opportunity to average into Bitcoin.
Be aware there is however an additional 20% price loss possible to keep some of your powder dry and make sure to put tight stop-loss orders in.
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BTC BREAKING OUT!!!!!!!!BTC About To Break Out From 1H Bull Flag..If BTC Make A Successful Break Out From Here Then We Have First Resistance At 13950$ & Second Resistance At 14300$..
There Good Support On Small Time Frame At 13650$ & 13470$...
So For Now Its Long Time In Our View If 1H Chart Close Above The Bull Flag Resistance With Target Around 13950$-14200$..
BTCUSD - Update at 5960$, what I expectAs mentioned on the related idea, it's a good time to stay on the sideline, as the overall situation and overall markets are quite unpredictable.
We absolutely need to hold the current level of 5900$ (not close below it in the hourly chart). I know the timeframe is low.
We are in a pretty ugly wedge-situation IMO. If we are lucky, we may have the chance to get a pump to 7700-7900$ in the next 72 hours just to fail in a wedge and some important emas in the next three days.
If we are capable to hold short-term momentum, I would probably try to short the market at the mentioned region. Not financial advise.
Happy trading!
Watch for the reversal - target 19kPossible long entries - 10.4k, 9.9k, 9.4k
I didnt see anything below 9.4k at the moment.
Right now btc is at strong support of 10.4k
If btc goes below 10k ..that will be your last chance to buy @4 digits
Im expecting btc will try to break its ath in this year around late august/early september(possible double top formation)
PS:
Im not a financial advisor
Do your own research before investing
BTCUSD - 1W Chart AnalysisAfter several failed attempts of crossing the 20 days Moving Average and changing the trend from bearish to bullish, we all remember the big drop which happened in November when the total market capitalization has significantly decrease and Bitcoin lost almost 44% from it's value.
Since then, we could see a period in which the price has been moved sideways staying in between the Resistance Level of 4403$ and the Support level of 3238$.
As we have already been accustomed to the market's evolution in the last year, we could see that this periods in which the price is moving sideways are just temporary and are also separating the ones in which the price is moving aggressively in one direction or another so maybe we shouldn't be surprised if the price will accelerate it's movements anytime soon.
From the technical perspective, the indicators are almost showing the same direction as it follows :
* The Stochastic has an "oversold" position but it's "fast" line is still below the "slow" one, meaning that there is no sign for a change in the price direction yet;
* The RSI has the level of 34 but it has been constant for more than one month, meaning that the sideways movements of the price may continue, at least for the short term;
* The MACD is still below the Signal, meaning that the price has big chances to continue it's slight decrease, despite some positive isolated evolution;
* The trading volumes are also decreasing, suggesting that the price has big chances to continue it's drop.
If we consider only the technical analysis, we can say that a reasonable target price for the short term is 3238$, or 2646$ in extension.