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Btcusdforecast

BTC Swing Long After 85% Bear MarketBTC Bear Markets typically will take us down -85% before the start of the next cycle. We aren't quite there yet, but we would be if we reached the macro GP pulled from the previous bear market low to our current ATH. It also coincides with the last down candle/order block that broke bearish structure and caused the last macro impulsive move/bull run. This idea has us dropping into the depths for a real capitulation, shaking out all of the weak hands and making everyone lose hope before finally putting in a bottom right before the BTC halving. We should see a real bottom in December of 2023 if this is the case.
INDEX:BTCUSD
by DigiLex_LLC
BTCUSD 4June2023BTC medium term looks bullish. currently it could still be in the wave 2 period. although last week BTC managed to get out of the sideway area, but the range for prices to make corrections is still very wide. looking at the fibo retracement area, there is a SnD area right at the 0.236 level (the price has dropped 76% from the last bullish swing) in my opinion this area is quite dominant, although in the medium term BTC looks bullish but it is likely that wave 2 is still not complete and it could be that the price is heading towards the SnD area.
BITSTAMP:BTCUSD
by Hokusai_FX
2
Time To Take Profit (BTC/USD)Crypto moves in cycles. For example: Bitcoin happens to find a top each 4 years, meaning a complete Bitcoin cycle contains of roughly 208 weeks. In those 208 Bitcoin goes up and down, creating smaller daily cycles. Bitcoins daily cycle consists of approximately 65 days. In the bull market, which I believe we are, The tops of those daily cycles are found past the halfway point of the daily cycle. This means that a top is liklely after 34 days of climbing. We saw this in the previous cycle too. The cycle lasted for 70 days, on which the top was found at day 54. That cycle was right translated. The current cycle is at day 38. We saw a shooting star candle at day 35. Meaning that it is likely that a short term top is in. In case Bitcoin goes higher, it is unlikely it will break all the resistances above so taking the risk for more gains on the short term does not make lots of sense. Right now im short term bearish on Bitcoin. Note that the last green candle is an estimate of when a bottom can be found, not at what price.
BITSTAMP:BTCUSDShort
by FetchTeam