BTCUSD to $75,300Not a difficult call to make given current fundamentals and price action.
$75,300 is the 1.618 Fib extension of the corrective move we saw to the $60,000 (marked as "a" and "b"). No real view on time to target level. Its 50/50 whether price action during the move will be direct or choppy.
Any retracements greater than 50% negate the above.
Fibonacci Extension
SHIBUSDT | 1-2-3 Wave projection - Pullback Position +75%A possible pullback for a long position at the key falling wedge breakout the price also now at the key weekly support EMA50W with bullish pinbar.
If successfully takes out the previous high at fibonacci 100% extension, the next target 1-2-3 pattern at 161.8% and 261.8% level +75% and +130%+
weekly MACD: doubled bullish divergence at the pivot point, golden crossed and above baseline supporting the uptrend continuation when retesting the baseline.
Fibonacci extension levels BTC predictionIn my chart, I've utilized Fibonacci extension levels to identify possible support and resistance areas, with key ratios like 1, 1.618, and 2.272 providing insights into future price movements.
I'm predicting the end of the current Bitcoin cycle around the 222K level, suggesting that it could be a significant peak. Furthermore, I'm projecting the next cycle to initiate from approximately 50K correction, aiming for a lofty goal of over 2M. This is a speculative projection based on my analysis. Let's see if this idea will come to fruition.
Fibonacci extension levels BTC prediction - detailedDetailed prediction to previous publication....
I'm predicting the end of the current Bitcoin cycle around the 222K level, suggesting that it could be a significant peak. Furthermore, I'm projecting the next cycle to initiate from approximately 50K correction, aiming for a lofty goal of over 2M. This is a speculative projection based on my analysis. Let's see if this idea will come to fruition.
Bitcoin: Bull Run Targets through FibonacciLet me explain. These are all Fibonacci Extensions. The Market Maker is officially done imo so I am very comfortable posting these finished schematics. Many Extensions reach the exact ATH at 69k as you can clearly see...
The Schematics are numbered Chronologically.
#1-#8 are placed in the order they were created.
#3 are the SUPPORT Schematics that are highlighted in RED.
#1 and #2 are monthlies because they are considered longer term.
HOWEVER, every single schematic can affect any timeframe so there is zero bias.
--For anyone thinking, "well theres lines everywhere so whats the point?"
--All of these 'lines' are mathematically perfect so there is no arguing with them because they are all perfect and unique in placement.
The linked idea is my old one... so this new idea is the revamped one. (better)
VRA/USDT Bullish Higher Timeframe Targets #VRA #VRAUSDTHere we see our VRA Weekly chart and you can see it's showing strength now . VRA is pushing up over that dark blue 200MA line and that's very Bullish in my opinion . Altseason seems to be upon us as Bitcoin is right below its' previous ATH . If VRA can get back to it's previous ATH price near
.088 cents then targets above there could be the following fib levels -
1.618 fib extension near .14 cents
2. fib extension near .175 cents
2.618 fib extension near .22 cents
NFA DYOR but VRA is known to have a strong community and possible good news with tokenomics this year
Fibonacci retracements and extensions Fibonacci retracements and extensions are popular tools used in technical analysis to identify potential support, resistance, and reversal levels in GBP/USD (British Pound/US Dollar) trading. Here's how traders can utilize Fibonacci retracements and extensions effectively:
**Fibonacci Retracements:**
1. **Identify the Trend:** Before applying Fibonacci retracements, identify the prevailing trend in GBP/USD. Fibonacci retracements are typically applied during trending markets to identify potential retracement levels within the trend.
2. **Select Swing Points:** Identify significant swing points on the GBP/USD chart, such as recent highs and lows. These swing points are used to anchor the Fibonacci retracement levels.
3. **Apply Fibonacci Levels:** Draw Fibonacci retracement levels by connecting a swing high to a swing low (in an uptrend) or a swing low to a swing high (in a downtrend). Common retracement levels include 23.6%, 38.2%, 50%, 61.8%, and 78.6%.
4. **Analyze Potential Reversal Zones:** Traders look for GBP/USD price to pull back to one of the Fibonacci retracement levels after a significant move in the direction of the trend. These levels may act as potential support or resistance zones, where traders anticipate a reversal or continuation of the trend.
5. **Confirm with Other Indicators:** Confirm Fibonacci retracement levels with other technical indicators, such as moving averages, trendlines, or candlestick patterns, to increase the probability of successful trades.
**Fibonacci Extensions:**
1. **Identify the Trend:** Fibonacci extensions are applied to identify potential price targets in the direction of the prevailing trend. They are often used in conjunction with Fibonacci retracements to identify both retracement levels and extension targets.
2. **Select Swing Points:** Similar to Fibonacci retracements, select significant swing points to anchor the Fibonacci extension levels. These swing points should represent the initial impulse move in the direction of the trend.
3. **Apply Fibonacci Levels:** Draw Fibonacci extension levels by connecting a swing low to a swing high (in an uptrend) or a swing high to a swing low (in a downtrend). Common extension levels include 127.2%, 161.8%, 200%, and 261.8%.
4. **Identify Potential Price Targets:** Traders use Fibonacci extension levels to identify potential price targets where GBP/USD may encounter resistance or support as the trend progresses. These levels act as potential areas for taking profits or setting price targets for trades.
5. **Combine with Other Analysis Tools:** Combine Fibonacci extensions with other technical analysis tools, such as trendlines, chart patterns, or momentum oscillators, to confirm potential price targets and strengthen trading signals.
By incorporating Fibonacci retracements and extensions into their GBP/USD trading strategy, traders can identify key support, resistance, and price target levels, helping them make more informed trading decisions and manage risk effectively.
Basic Technical and COT Analysis on AUDUSD ShortAUDUSD Short Late/Re-entry
Price has come back down to the last swing low/base made before what was essentially a two week bull run. We have broken past this area and come back to retest it.
When price came back to retest this key zone, we saw it touch the 61.8% fib retracement level.
Non-Commercial traders, as can be seen through COT filings, are a majority short AUDUSD.
128,816 short positions are currently held by Non-Coms vs 49,640 longs.
Latest COT filings do show a slight increase in Net Positions (Longs-Shorts) compared to the previous. Possibly due to profit taking by Non-Commercials.
Commercial Traders, who are in most cases contrarian to price, are a majority long.
Commercials have 129,292 long positions open vs 39,515 shorts.
My original entry was around 0.65491 on the 21st of Feb close. My SL was at 0.66249, just above what was then the swing high, but have now moved to 0.66008, just above the latest swing high.
BTC 10-year rough estimate EW & FibAnything's possible when you're working with a finite asset in a world where:
Inflation is constantly rising and multiple fiat currencies continue to fail.
New sources for rare earth elements and precious metals are constantly being discovered.
The overall output of society continues to rise.
This is a (very) rough estimate based on Elliot Wave Principle and Fibonacci (price & time) retracements/extensions.
GTAI - Buy now for another 100% profit in a weekTechnical analysis
In the previous analysis on GTAI 7 days ago, I recommended buying GTAI at around 2.2 USDT per coin. The current price is 4.0 USDT, which is a great profit. Can this coin go to 8.0 USDT in 1 week or 2 weeks? I think this is definitely very possible. This is my new, fresh analysis of GTAI.
As you can see on the chart, the price broke out above the ascending parallel channel, which is a huge sign of strength. Usually, what you want to do is buy a retest of the channel. Retest is already happening, so it's probably the best time to buy GTAI for another 100% profit in the short term. From the Elliott Wave perspective, wave (3)(3) is still in progress, so we are in the middle of a very strong bull market.
You can also trade this coin on an intraday basis if you want to make some profit, but make sure you trade it on futures with "longs only" strategies. I do not recommend shorting this coin.
GTAI coin is in the top 10 best gainers of the week, which is a huge success. GTAI is very popular among retail traders. It has around 352,000 followers on the X platform and a huge fan base.
What is GT Protocol?
The GT Protocol's robust ecosystem merges an investment protocol for decentralized Web3 funds management with Blockchain AI Execution Technology, both accessible through the GT API SDK.
The ecosystem includes the GT APP, a Web3 investment platform, which has already amassed 70,000 registered users and has achieved notable milestones, including becoming an official broker of the Binance exchange and securing a partnership with the TRON blockchain.
Blockchain AI Execution Technology: Simplifies crypto transactions, portfolio management and offers comprehensive AI-driven trading and investment tools through an AI conversational interface for both novice and experienced users.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
IMX - Time to buy for a quick 157% profitIMX looks good. The price is inside this bullish parallel channel, and we have a falling wedge pattern that is currently breaking out. It can also be a bullish flag, which is even better if it's true. IMX has strong fundamentals, and the whales are buying. They accumulated IMX at much lower prices, and now they want to send it to the moon to make huge gains. We, as traders, can take advantage of the high volatility and trade it for the short term. A 157% profit is pretty good if you buy this coin on the spot market. Take a profit at the top of the parallel channel. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Is Immutable (IMX)?
Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security. To achieve that, Immutable is built with STARK zk-rollups, a technology that Vitalik Buterin considers Ethereum to be “all-in on.”
Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Mask - ready to start an inrcedible uptrendMask is ready to start an incredible uptrend; at least, this is what my analysis suggests. We can see that the downtrend ended with the descending parallel channel, and now the whales are accumulating contracts in this rectangle pattern. You can either wait for a breakout or buy a small correction. 471% profit is the minimum you want, but I believe we are going to go much higher than that. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Mask Network is a protocol that allows its users to send encrypted messages over Twitter and Facebook. It essentially acts as a bridge between the internet and a decentralized network running on top.
Mask Network was initially launched in July 2019, with its first use case of allowing Facebook and Twitter users to encrypt posts on the social media platforms. It then raised $2 million in a funding round in November 2020, co-led by HashKey and Hash Global, and a further $3 million funding round in February 2021 with participation from Digital Currency Group and Fundamental Labs.
Now, Mask Network offers the ability to fund Gitcoin grant campaigns directly from Twitter, as well as plans to offer peer-to-peer payments and decentralized storage functionality. It is a decentralized portal that also allows users to use DApps like crypto payments, decentralized finance, decentralized storage, e-commerce (digital goods/NFTs) and decentralized organizations (DAO) over the top of existing social networks without migrating, creating what is referred to as a decentralized Applet (DApplet) ecosystem. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Gold Gartley 222, AB=CD from 78% retracementThe pin bar was a reaction from the 78% Fib retracement and also an equal 1 to 1 AB=CD, but now let's see whether there will be a follow-up and price confirmation for long. This level is also a 61% retracement of the bigger swing up so a confluence point. For now, I don't see a definite entry signal unless I want to buy the level which I often do at the higher timeframes.
The risk to reward shown is what will be the target if you pick the 161% extension for a target.
Picking the TopThe Daily chart showed that price started below the 9EMA for this week and gapped up above the 9EMA on Thursday and closed the week well above it. Gap fill is at 497.37 and Support is at 503.50 which was a previous daily high. There is a Double Bearish Divergence on the RSI from a high of 74.77 to 72.56 and closed the week on a bearish candle that closed +0.07% with a 68.53 RSI.
Based on a Fibonacci Retracement (380.65 -> 459.44 bounced off the 0.382 Fib at 410.75) and Extension (2.0 at 538.23), if price holds 508.13 (1.618) it can run to 521.37 (1.786).
TX Swap Attempting Tweezer Bottom at 1.618 Fibonacci ExtensionTX Swap after breaking out of a Falling Wedge pattern now finds itself attempting to confirm a Tweezer Bottom Break-Hook-Go with Bullish Divergence at the 1.618 Fibonacci Extension with elevated volume. If this turns around from here, I think the upside move could be quite dramatic.
BTC/USDT 1HInterval Chart ReviewHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will mark the local sideways trend channel with blue lines, but here inside the channel we can see a strong downward trend line.
It is worth turning on the EMA Cross 10 and 30 indicator at this point, where you can see the place where the red ema cross 10 line crossed the green ema cross 30 line from above, which confirmed the local downward trend.
Now we can move on to marking support areas in the event of a correction. And here, first of all, you can see the support zone from $51,128 to $50,614, which is located right at the lower border of the channel and in the place of the current price. However, if we fall below this zone, we could see a quick downward move towards the support level of $49,165.
Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. First, resistance is visible at $52,095, and then we have a very strong resistance zone from $52,494 to $52,994, which is located at the upper border of the channel.
If we look at the RSI indicator, we can see a downward trend from which the indicator is bouncing, while the STOCH indicator shows a movement near the lower limit, which brings the price to a lower level, but here it may result in a trend reversal.
UNI/USDT - Long and Short PlaysNot really sure about this one, as I'm expecting BTC to do a fat ABC retrace after the Elliott Wave that recently finished playing-out (see last two posts) - If BTC does retrace, ALTs should follow.
Ignoring all timings. I'm only focusing on the Elliott Wave counts and any confluence.
For UNI/USDT, I've got 3 x Elliott Waves to give me short, medium and long terms plays in both long and short directions.
Red EW- Long term (1D).
Blue EW - Medium term (4h).
White EW - Short term (1h).
Short term - White EW
Assuming we've already bounced off the white wave-4, I'm now looking for price to tap wave-5 @ 2.618. However, if wave-4 hasn't hit yet, price could first come down as low as the white wave-1 peak.
Medium term - Blue EW
After the blue wave-3 gets tapped @ 1.618, we should retrace to create wave-4. This could be as low as the blue wave-1 peak.
Once wave-4 is complete, we should head up to wave-5 @ 2.618.
Blue wave-5 also aligns with the Point of Control (POC) on my Volume Profile.
Long term - Red EW
After we retrace from Red wave-1 to wave-2, price should back head up to the red wave-3 range @ 1.618.
I think UNI will top at the red wave-5 range @ 2.618.
Red wave-5 also aligns with the Value Area High (VAH) on my Volume Profile.
I put a fib extension on my Volume Profile:
Red wave-3 taps the Volume Profile's 1.618.
Red wave-5 taps the Volume Profile's 2.618.
Let's see...
After a 300% Run Mind has Retested and Gearing for More!First caught my attention by the scanner
🔎 *Symbol*: `MIND/USDT`
📈 *Signal*: `Long`
💲 *Current Price*: `0.005523`
🛑 *Stop-Loss*: `0.0029251700000000004`
💰 *Market Cap*: `0`
🚪 *Entry Prices*:
📥 Entry Price 1: `0.00422966`
📥 Entry Price 2: `0.00476767`
📥 Entry Price 3: `0.0052025000000000005`
📥 Entry Price 4: `0.005637329999999999`
🏁 *Exit Prices*:
📤 Exit Price 1: `0.00845267`
📤 Exit Price 2: `0.00932233`
📤 Exit Price 3: `0.01073`
📤 Exit Price 4: `0.01213767`
i realized this coin doesn't have an extensively long history, in fact it's very brief. But Recently We had a 300% Run. After that we Retested heading all the way down close to where a stop loss would be considerable at the bottom Fib Channel. On the other hand after a 300% a Correction is not only expected it's required.
Here are the the multiple reasons we'll Consider
MIND
a Continuation
We Have a Huge Breakout and the Swing Low Following Stayed above .213 Fib on Extension
Shortly After the Moving Average Providing Support Moved up through the Fib Channel it was Wicking toward during Correction
When ADX bottomed and turned around, the MACD Failed to break the signal line and signaled a buy now showing Strength
XRP - Best time to buy is right now, here is whyXRP is currently sitting on the main support of the ascending parallel channel. This is definitely a great opportunity to buy cheap XRP. We have a leading diagonal wedge as wave (1) followed by a sharp correction wave (2). Wave (3) should be in progress. You can be sure that XRP is a big deal for huge institutions such as banks. They are already investing a lot of money into implementation of this cryptocurrency. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Unlike Bitcoin or Ethereum, the XRPL uses a unique Federated Consensus mechanism as its method of validating transactions. Transactions are confirmed on the XRPL through a consensus protocol, in which designated independent servers called validators come to an agreement on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed right away. All transactions are public and transparent, and anyone can operate a validator. There are currently over 150 validators on the ledger, operated by universities, exchanges, businesses, and individuals around the world.
Through the Federated Consensus mechanism, all verified transactions can be processed without a single point of failure as no single participant makes a decision independently. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Bitcoin - 17% crash is starting! Buy again here:Technical analysis:
Bitcoin is pumping, but be very careful because the price is currently at the strongest resistance ever. TOP of the parallel channel and 1.618 FIB Extension are definitely extremely strong levels. You do not want to go against it; rather, you want more confirmation. I recommend buying Bitcoin at the middle line of the ascending parallel channel on the log scale chart. On the chart, you can see my Elliott Wave count, and in my opinion, we are in wave (3) of the whole bull market. Are you ready for a crash or not? Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Fundamentals:
How Is the Bitcoin Network Secured?
Bitcoin is secured with the SHA-256 algorithm, which belongs to the SHA-2 family of hashing algorithms, which is also used by its fork Bitcoin Cash (BCH), as well as several other cryptocurrencies.
How Is Bitcoin’s Technology Upgraded?
A hard fork is a radical change to the protocol that makes previously invalid blocks/transactions valid, and therefore requires all users to upgrade. For example, if users A and B are disagreeing on whether an incoming transaction is valid, a hard fork could make the transaction valid to users A and B, but not to user C.
A hard fork is a protocol upgrade that is not backward compatible. This means every node (computer connected to the Bitcoin network using a client that performs the task of validating and relaying transactions) needs to upgrade before the new blockchain with the hard fork activates and rejects any blocks or transactions from the old blockchain. The old blockchain will continue to exist and will continue to accept transactions, although it may be incompatible with other newer Bitcoin clients.
A soft fork is a change to the Bitcoin protocol wherein only previously valid blocks/transactions are made invalid. Since old nodes will recognise the new blocks as valid, a soft fork is backward-compatible. This kind of fork requires only a majority of the miners upgrading to enforce the new rules.
Some examples of prominent cryptocurrencies that have undergone hard forks are the following: Bitcoin’s hard fork that resulted in Bitcoin Cash, Ethereum’s hard fork that resulted in Ethereum Classic.
Bitcoin Cash has been hard forked since its original forking, with the creation of Bitcoin SV. Read more about the difference between Bitcoin, Bitcoin Cash and Bitcoin SV here.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
GTAI is ready! 200% profit in the short-termTechnical analysis
GTAI coin is probably ready for an explosive move as the price broke out of the symmetrical triangle on the 4H chart. If you are still hesitating, it may be your last chance to buy GTAI at the current price of 2.23 USDT. The price makes higher lows, which is essential for every bull market. 204% profit in the short term is definitely very likely, but if you hold this coin for the long-term, you can get a 10x or 100x profit in 2024 or 2025. From the Elliott Wave perspective, we have a strong bullish nest (1,2,1,2,1,2), and every Elliott Wave trader can confirm that this is pretty much a dream setup. Once wave 3 starts, it can be huge. Where to take profit in the short term? If you are an intraday trader or a swing trader, you can take profit at the 1.618 FIB extension or 1:1 FIB extension and buy GTAI again at a lower price. If you are a hodler, keep holding.
Fundamental analysis
GTAI is very popular among retail traders. It has around 352,000 followers on the X platform and a huge fan base. It's always important for every coin to have a lot of users, as the users are what truly matter when it comes to adoption. It's also important for GTAI to get into popular exchanges so people can buy it. GTAI is awaiting several listings on another popular exchanges:
$GTAI is utility token which allows:
Fee Discounts: Offering discounts on profit and trading fees
Vendor Fees for API SDK: Charging fees for API SDK installation, subscription, and transactional operations
Web3 Fund Creation and Listing Fees:Implementing fees for creating Web3 funds and listing them in the marketplace
Cashback Payouts: Cashback payouts in $GTAPP tokens when using AI shopping assistance
Eligibility for DAO Voting: Granting eligibility to participate in DAO votings
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Unveiling Bitcoin's Golden Bull Run | Masters Edition | Remix
Bitcoin, the flagship of cryptocurrencies, has once again surged into the spotlight, signaling a potential golden bull run on the horizon. This comprehensive analysis leverages Fibonacci levels, trendline analysis, moving averages, and now, an exploration into long-term candlestick formations and their interplay with horizontal support and resistance levels. Let's delve deeper into the technical indicators forecasting Bitcoin's luminous path ahead.
1. Fibonacci Retracement: A Dance with the 78.6% Level
Bitcoin's recent price action has been nothing short of a technical analyst's dream. The cryptocurrency has tested the 78.6% Fibonacci retracement level, only to pull back to the 61.8% level, creating a suspenseful build-up. However, Bitcoin's resilience shone through as it catapulted back above the 78.6% level, setting its sights on the all-time high of $69,000. This movement not only demonstrates Bitcoin's strong market sentiment but also underscores the reliability of Fibonacci retracement levels as indicators of significant resistance and support.
2. Fibonacci Extension: Forecasting a Stellar Target
The Fibonacci extension tool, a favorite among traders for its uncanny ability to predict future valuations, has once again provided a glimpse into Bitcoin's potential trajectory. Currently, the tool forecasts an ambitious target of at least $128,000. This prediction is not plucked from thin air but is rooted in the tool's historical accuracy in pinpointing major price milestones for Bitcoin, offering a tantalizing glimpse into what the future might hold.
3. Trendline Analysis: Controversy Turns to Gold
While trendline analysis may spark debate among traders, its success in identifying key levels in Bitcoin's price history cannot be overlooked. Presently, these trendlines suggest the commencement of a golden bull run, pointing towards unprecedented higher levels. This analysis provides a roadmap for traders and investors, indicating significant points of interest and potential strategy adjustments.
4. Weekly MA and EMA: Shifting Sentiments
The weekly Moving Average (MA) and Exponential Moving Average (EMA) are showing a major shift in market sentiment, tilting the scales in favor of the bulls. These indicators, especially when configured with the right periods, can accurately pinpoint market reversals. The alignment of both MA and EMA in a bullish configuration underscores a growing optimism in the cryptocurrency market, suggesting that the current momentum could have the legs to sustain a prolonged upward trajectory.
5. Long-term Candlestick Patterns and Horizontal Support and Resistance
Adding another layer to our analysis, long-term candlestick formations offer invaluable insights into Bitcoin's market behavior. Over the years, these patterns have interacted with major levels of horizontal support and resistance, providing a historical context that underscores the significance of current price movements. These interactions reveal how Bitcoin has responded to previous periods of consolidation and breakout, informing predictions about its future trajectory.
The examination of how Bitcoin has navigated through these levels in the past can help anticipate its future movements. For instance, a break above a long-established resistance level might signal a strong continuation of the current bullish trend, while support levels that have held firm over the years could indicate potential rebound zones during pullbacks.
Conclusion: The Dawn of Bitcoin's Golden Era
The synthesis of Fibonacci retracement and extension levels, trendline analysis, moving averages, and long-term candlestick patterns with horizontal support and resistance provides a robust framework for understanding Bitcoin's potential. As we chart this journey, the anticipation of Bitcoin's next phases grows, with technical indicators aligning in favor of a significant bullish phase.
While the insights derived from these analyses offer a compelling narrative for Bitcoin's future, it's essential to approach investment with caution, recognizing the inherent volatility of the cryptocurrency market. Conducting thorough research and seeking diverse perspectives remain critical for making informed investment decisions.
To Learn More, Check Out Latest Analysis & Educational Publications
Mastering Fibonacci Retracement :Navigating Bitcoin's Volatility
www.tradingview.com
Ethereum's Breakthrough: Navigating the Bull Run and Beyond
Disclaimer: This post is for informational purposes only and not financial advice. The cryptocurrency market is highly volatile and unpredictable. Engage in your research or consult with a financial advisor before making any investment decisions.
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P
Unveiling Bitcoin's Golden Bull Run | Masters EditionUnveiling Bitcoin's Golden Bull Run: A Comprehensive Technical Forecast
Bitcoin, the flagship of cryptocurrencies, has once again surged into the spotlight, signaling a potential golden bull run on the horizon. This comprehensive analysis leverages Fibonacci levels, trendline analysis, moving averages, and now, an exploration into long-term candlestick formations and their interplay with horizontal support and resistance levels. Let's delve deeper into the technical indicators forecasting Bitcoin's luminous path ahead.
1. Fibonacci Retracement: A Dance with the 78.6% Level
Bitcoin's recent price action has been nothing short of a technical analyst's dream. The cryptocurrency has tested the 78.6% Fibonacci retracement level, only to pull back to the 61.8% level, creating a suspenseful build-up. However, Bitcoin's resilience shone through as it catapulted back above the 78.6% level, setting its sights on the all-time high of $69,000. This movement not only demonstrates Bitcoin's strong market sentiment but also underscores the reliability of Fibonacci retracement levels as indicators of significant resistance and support.
2. Fibonacci Extension: Forecasting a Stellar Target
The Fibonacci extension tool, a favorite among traders for its uncanny ability to predict future valuations, has once again provided a glimpse into Bitcoin's potential trajectory. Currently, the tool forecasts an ambitious target of at least $128,000. This prediction is not plucked from thin air but is rooted in the tool's historical accuracy in pinpointing major price milestones for Bitcoin, offering a tantalizing glimpse into what the future might hold.
3. Trendline Analysis: Controversy Turns to Gold
While trendline analysis may spark debate among traders, its success in identifying key levels in Bitcoin's price history cannot be overlooked. Presently, these trendlines suggest the commencement of a golden bull run, pointing towards unprecedented higher levels. This analysis provides a roadmap for traders and investors, indicating significant points of interest and potential strategy adjustments.
4. Weekly MA and EMA: Shifting Sentiments
The weekly Moving Average (MA) and Exponential Moving Average (EMA) are showing a major shift in market sentiment, tilting the scales in favor of the bulls. These indicators, especially when configured with the right periods, can accurately pinpoint market reversals. The alignment of both MA and EMA in a bullish configuration underscores a growing optimism in the cryptocurrency market, suggesting that the current momentum could have the legs to sustain a prolonged upward trajectory.
5. Long-term Candlestick Patterns and Horizontal Support and Resistance
Adding another layer to our analysis, long-term candlestick formations offer invaluable insights into Bitcoin's market behavior. Over the years, these patterns have interacted with major levels of horizontal support and resistance, providing a historical context that underscores the significance of current price movements. These interactions reveal how Bitcoin has responded to previous periods of consolidation and breakout, informing predictions about its future trajectory.
The examination of how Bitcoin has navigated through these levels in the past can help anticipate its future movements. For instance, a break above a long-established resistance level might signal a strong continuation of the current bullish trend, while support levels that have held firm over the years could indicate potential rebound zones during pullbacks.
Conclusion: The Dawn of Bitcoin's Golden Era
The synthesis of Fibonacci retracement and extension levels, trendline analysis, moving averages, and long-term candlestick patterns with horizontal support and resistance provides a robust framework for understanding Bitcoin's potential. As we chart this journey, the anticipation of Bitcoin's next phases grows, with technical indicators aligning in favor of a significant bullish phase.
While the insights derived from these analyses offer a compelling narrative for Bitcoin's future, it's essential to approach investment with caution, recognizing the inherent volatility of the cryptocurrency market. Conducting thorough research and seeking diverse perspectives remain critical for making informed investment decisions.
To Learn More, Check Out Latest Analysis & Educational Publications
Mastering Fibonacci Retracement :Navigating Bitcoin's Volatility
Ethereum's Breakthrough: Navigating the Bull Run and Beyond
Disclaimer: This post is for informational purposes only and not financial advice. The cryptocurrency market is highly volatile and unpredictable. Engage in your research or consult with a financial advisor before making any investment decisions.
BITSTAMP:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD BINANCE:BTCUSDT.P