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Higherhigh

Bitcoin Possible Bullrun of 2023Hi everyone, Thank you for considering reading my idea. TLDR: - GOAL : Bounce off the 20 week moving average currently at $19.1K (may increase over the next few weeks). This will also form a higher low. - INVALIDATION : Break below 20 week moving average. 4 weeks ago, Bitcoin has finally broken above the 20 week moving average for a year. Bitcoin has also formed a higher high since we broke the previous high of $21.2K. Bitcoin has reached the $24.6K resistance where we last saw back on August of 2022. To have a more bullish structure, Bitcoin has to bounce off the 20 week moving average that is currently at $19.1K and will likely increase over the next few weeks. Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA. TAYOR. DYOR. Cheers, Juvar
BITSTAMP:BTCUSDLong
by Juvssss
Bitcoin Starting Wave III run to ~20,000 with ~16,250 S/LBullish continuation for D1 through W1 on BTCUSD after confirming the higher high on the D1 timeframe from late December. W1 timeframe showing promise to close near the late November weekly high, confirming the higher low from mid November and continuing up towards 20,000 with a stop loss around 16,250. Entry at ~17,000 should have a good Return to Risk ratio of 3:1 but a drop to ~16,650 is possible. Using the same S/L would yield ~9 R/R. I would suggest starting a small position at ~17,000 and adding down to ~16,650 with all stop losses at ~16,250. Targets and Stop Loss are based on fib retracements and expansions and a bit of a fast and loose Elliot Wave, assuming the run from ~15,460 to 18,450 was Wave I. Wave III will target the 20,000 area since Wave IV should be approximately half of Wave II and needs to start above where Wave I ended.
COINBASE:BTCUSDLong
by Cavedrew
1
DXY attempting a double bottom breakout.We just achieved a higher high on the daily time frame with DXy’s price action. Considering how long the history of the chart covers (several decades) the larger weekly and monthly time frames lower high/lower low & higher high/higher low sequences are probably more important for bull and bear trends than the 1 day is. So even with a higher high on DXY’s 1 day chart it will still just be another lower high on the weekly and monthly charts unless price action can get above this top green horizontal at $121. So even if DXY were to trigger this double bottom breakout and hit it’s full target of $117 it would still technically be a lower high on the macro timeframes unless it kept going and made it above $121. The current macro chart has been in a lower high/lower low bear pattern since the 70s if not much earlier. Considering the dollar has lost 97% of its purchasing power over the years and we just printed a ton of money and will likely continue to do so with inflation continuing to fly more and more out of control…it seems more likely that DXY’s price action does not get above $121 and instead forms yet another macro lower high before it turns back around. If we do trigger this double bottom pattern however then crypto will likely continue to see prices drop while it heads toward the double bottom target, since the DXY and crypto seem inversely correlated. *not financial advice*
TVC:DXY
by DrDovetail
Upst is going up?Curious about your opinion. What is you're analysis? What I see: - support on the volume shelf (daily chart) - Volume is rising (daily chart) - support on the moving averages (daily chart) - higher high (daily chart) - moving averages are rolling over - broke the 4 sma on the weekly - support at the all time low on the montly - higher highs, higher lows on the 4 h chart - rising trendline on the 4 h chart - trading at the bottom of the channel that started 26-july, could serve as support - soared 42% over 15 days so it could be an overbought situation What is your opinion? This is no financial advice. NASDAQ:UPST
NASDAQ:UPSTLong
by StijndeVries
3