BTC Rally TargetsMy Potential Targets for a Local Top on BTC/Crypto is the 20W SMA for USDT.D and the zone between 4.71 - 4.81.
Confluence with 1D RSI (it should be in bottom zone by 1st, if not 2nd Target.
The zone and MA has acted as Support 3 times previously in 2024:
July 29th, 2024
July 22nd, 2024
June 17th, 2024
I will be watching those areas for a bounce in USDT.D which would correlated with a local top in Crypto/BTC
Btctrendanalysis
BTC Forecast 17-Sep-24Bitcoin Support & Resistance- 17-Sep-24
Further to my post last week 09-Sep-24 & on 03-Sep-24,
BTC: 61000
The supports are working fine as proposed on 03-Sep-24 at 52650-52750 ( Previous Feb 24 high) and Fib Support 51750, further downside 44736 ( Fib support) to watch out.
Supports provided with clear mark up in the chart.
Currently BTC broke the SMA 50 and near 61000. The SMA 200 is at 61400 level and also Fib retracement 0.618 is scheduled at 61400 as shown in chart.
If this resistance is crossed decisively, high likely BTC will inch towards the all time high 73750 levels.
Bitcoin Post 4th Halving Price Prediction for 2024Hello my friends!
I am back after a long break. Bitcoin has just experienced it's 4th halving event.
I took it upon myself to look into past Bitcoin price movement patterns, looking into how Bitcoin's price reacted immediately after Bitcoin experienced a halving event. I'm primarily using a historical time-based analysis approach.
Here are my findings:
- Bitcoin's prices seem to hold for about 60 days, and then either pump or dump.
- Bitcoin appears to experience its constant bullish price movements (bull run) 60 days immediately after each halving event.
- Bitcoin appears to reach its final top 133 to 525 days after each halving event (average is 329 days).
- Bitcoin appears to reach its top every 1162 to 1449 days each time it touches the upper trend line.
- Bitcoin is currently in a major Cup and Handle pattern spanning from 8th of November 2021. We are currently in the 'Handle' phase.
My Predictions:
- I predict that Bitcoin will go down to 52000, and hover around 53K and 54K for the next 2 months (29th of April 2024, until the 4th of July 2024).
- I believe we will promptly head back to 70K at around the 11th of July 2024 (± 5 days).
- I predict that there will be a FOMO event once we break all-time-high (73K), and a major psychological FOMO event once we reach 100K as everyone tries to get their hands on some Bitcoin before it's price gains another significant figure for the first time since November 29th 2017 (9999 -> 10000).
Entry and Exit Strategies:
- I believe we will reach tops of anywhere between 160K to 185K sometime in December 2024, which will be the most ideal time to exit one's Bitcoin position.
- Possible entry options are 52-58K , and 78K-88K (once we exist the Cup and Handle).
- The least riskiest entry option is approximately 62 days from the 4th halving event, just as it's breaking upward past 57500.
Don't forget, Patience is Paramount.
Happy trading :)
Massive Crash Incoming On BTC -Watch This To Not Get TrappedBTC\1H Doing a pennant which is a sign of continuation
With yesterday move performing a SL hunt and start to performing a pennant there which shows us there might be more down side to come.but it could also invalidate it by going up and taking all the liquiditiy around 22900 to 23400.
Todays Events will totally spice things up even more than yesterday
Dxy rising to 105 and holding it is a sign of Market getting weaker
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Details on the video
BTCPERP NEAR FUTURE ANALYSIS (4H Chart)Technical Analysis Summary
BTC /USDT
TREND ANALYSIS
We have 1 Downtrend in red color .
We have 1 Uptrend in Green color .
Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White levels Levels are very tight stop losses that could be used in high leverage future trading.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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BTC forming Falling Wedge Chart PatternBTCUSDT has been forming a falling wedge chart pattern on the 4h timeframe. Theoretically, falling wedge patterns are bullish patterns and price normally breaks out and above the falling wedge pattern however await price breakout either below or above (and out of) the wedge before entering a short or long position. Price will most likely fall some more before breaking out and above the falling wedge pattern (bullish).
Long: Price breaks out and above the wedge
Set an appropriate take-take profit (such as $42200) and a stop loss (such as $35000)
Short: Price breaks out below the wedge
Set an appropriate take-take profit (such as $31000-$29000) and a stop loss (such as $39000)
BTCUSDT IdeaBTC is in a symmetrical triangle right now and there are two possible scenarios-
1. Bitcoin will form an all-time high and the recent move was just a reaction to the US stock market. It all depends on US stock markets.
2. It will fall down to the 40k level hitting the support area on the ascending triangle making a move upwards in June. The recent actions could have been a fakeout.
BTC WXYXZ correctionMost complex correction I have ever seen.
Best case scenario in case Bitcoin ETF is going to launch in April 2022.
This correction pattern seems to be Triple Three correction aka WXYXZ correction and is rarely found.
In most cases these corrections are not deep.
As you can see all impulse waves are 5 wave structures and corrective waves are 3 wave structures since the beginning of the correction.
Last impulse wave is in play now.
I think as per this pattern, 31-32K will be the bottom.
This should not be the 12345 Impulse correction which many professional youtubers and even myself advocated earlier.
You can check my previous TA on BTC by clicking on the link below.
BTC USDT ForecastBTC is struggling hard to get stable.
There are two major supports marked in purple.
RSI still moving down and showing selling pressure.
Money Flow is showing buyer interest on btc and moving up. buyer still interested in purchasing btc.
targets have been marked.
ROI is good.
Good Luck
CoinForecasts