#btctarburst The MAP HAS NOT LIED YET….?So far the GANN map has been holding it’s ground… The study is pretty accurate for support and resistance. DCA SAFELY This has been an ongoing study for over a year…. Still bull market excitement starts after 30k
Intothecryptoverse
#btcstarburst Opportunities?This could be a big opportunity… The risk is on the table? PIVOT point everyone is waiting for? dCA safely GANN study Support and resistance… zoom out.. Follow up!!
#btcstarburst The Big Dump Incoming?So for months we have had this marked on the map…I have mentioned several times conveniently the bitcoin times the market in multiple’s of 5 to usually crash. On occasions it will take us on a major run…So be prepared to get a discount. You get the money in a bear. DCA safely A Gann study Yes I know it’s a lot of line’s
#btcstarburst Could a Pizza be Right?Like to through in diversity… technical analyst is just study into Gann… So they all lead down the same path. This chart is is interesting… last time using it it timed the the Russian/Ukrainian Bitcoin Crash pretty perfect… Interesting how that worked out. Will it fall below the red I don’t know, the rings are support along with lines… Closing in to the 4 hour you can make a better decision. I am always neutral… Bitcoin is something that will always have value in my opinion so it should be stacked when you can get it at a discount. DCA safely Gold is the consolidation zone( i am guessing, I believe we are gearing up) Staying above the red line is great…
#btcstarburst Chainlink Is Staking the Catalyst?Mentioned The CHAINLINK many times. It has lots going on… What is an oracle? Basically a bridge from the real world to the crypto world/blockchain. (Blockchain oracles are entities that connect blockchains to external systems, thereby enabling smart contracts to execute based upon inputs and outputs from the real world. ). Chainlink is building at a rapid pace and announced STAKING… STAKING… STAKING yes i said that 3 time so regardless of price action now. Long term it will probably be outpace most projects like it… this is just a gan Stud DCA safely
#btcstarburst THE FALSE TOP THEORY??Since I don’t subscribe to any real ideas just a study in a concept… THIS COULD HAPPEN> THIS IS MARKED OUT IN RED. THE LOW IS 7,306 in red. WHY anything is possible. There is more at play than whale buying and selling, politics, faulty algorithms and macro economics. If we are are lucky we may get a discount by because of science. Since I am stupid and i will claim that, thanks. “You could make the argument” as Ben would say. The theory of relativity is always at play with Bitcoin. A fast charging bull came out of the gate ripping bitcoin to new all time highs. The bounce was amazing at 29k but thats all it was bouncing. Momentum is gone….March 2020 was the last time stability existed. If we go lower than 20k we are lucky… DCA safely GANN STUDY. Seems more likely to go hirer
#btcstarburst Is ICP worthless? ReadLet’s see? The token/project came to the market like a beast… Horrible IDEA. This caused people to FOMO in. People lost tons of money. Now for the truth. It is a head of the curve, the compound staking can really pay off. ( In Fact it seems it probably would pay off better that most projects long term) The staking can be a bit confusing this is why it may push most people away. However it can be rewarding since it looks like ICP may have hit a possible bottom or close to it. Could it go lower, the market could go to $0 so there is that. The project itself has many people working night and day in and out developing it. My personal opinion is It may have left a bad taste in peoples mouth. DYOR, look at who is using it, what kind of people are developing on it, who are making the videos? These are not flashy influencers trying to sell a product… DCA safely… TIME WILL TELL. A GANN STUDY
#btcstarburst Up Close VersionTaking a closer look with laser eyes!! This is needed. Heavy lines are key support/resistance. Breaking through will carry the beast. As bitcoin diminishes something has to take its place… Some alts seem to holding some value regarding the dominance. In past cycles Link did well, Dot, ICP and VGX has recently spiked. Link seems way undervalued so there is that, staking will be announced this year and it will probably moon, ICP was a bit overvalued (probably way undervalued now ) and VGX (lots of potential if they get it completely together…should be half the price of FTX/FIT soon) These are just thoughts from a GANN study. BTC may have been in a down trend from a false uptrend since January 24… False price action sometimes stimulates buy orders to create uptrends. When actually we where meant to come down to finish a cycle but instead moved up with FOMO and HOPIUM. However these things are not enough to overcome the downward pressure that actually exist long term. Regardless DCA SAFELY
#btcstarburst Irony Playing Out?So it seem that the low was pegged at 25k… In the green circle, now some people AKA specialist are suggesting that June could be extremely “Bullish”. If you have been following the map since February it would appear that way. However this is just a Gann Study so it could go down. The support/resistance lines shows uptrends as long as we break over the heavy green and close. DCA safely Theory what if we made the low at 29k and rallied to 69k and put in ow lower lower at 25k… Some people suggest April was the start of the bear, alts never really took off… just a study.
#btcstarburst Wrong until Right?So this is still a Gann study… Just removed the lines for the people without laser eyes. If you have been following. There have been a suggestion for months that an ATH could be coming sometime in JUNE/JULY ish. So far everything marked on Gann map is playing out. This would put us around 72k ish possibly higher… DCA Strategy Is important… According… It will be interesting, especially now since many people are changing their tunes showing how this could happen… I don’t know one way or another… It looks possible, more realistic then going down. However I did peg lower numbers (not many times though) BTC dominance seems to have a floor… of around 39%. What does this mean for Alts. Strong Projects…that can handle the beating. Projects not listed on centralized exchanges yet, they are safe for now. DYOR, DCA safely. Listen to Ben and other smart people. This is just a study.
#btcstarburst WHEN TO GET RICH, DCA?If you have been following, some traders have been posting this Gann Map around the world… It has now changed. The support/resistance are still the same… I guess i should have made the green circle red…. So we came crashing down to it… If we did hit the bottom, the thick red and yellow should be major support… I am guessing a new chart possibly needed? Currently staying under the THICK blue might be the time when BTC is refueling (this is where I am guessing we might be able to catch alts at lows, but it could be risky too under red and yellow, more blood) DCA SAFELY… GET RICH IN THE BEAR MARKET… STABLE PROJECTS, DO RESEARCH… This is a Gann Study
#btcstarburst Bitcoin on the Rise!!Take away the FUD and News… The asset is going to move regardless. Suppression/control is usually caused by something that instantly has loss. Think of when you go to a casino many people are gambling at the table and machines, if everyone was winning the casinos would be shut down (So we know that ultimately “don’t bet against the casino”) Since there is a lack of regulations Exchanges are the casinos in this case and if they lose too much money they will make it back. Timing is everything in this market, leverage is a dangerous game and the Exchanges have their ways. FUD is the perfect time for manipulation!! If bitcoin was to be truly free from control and manipulation the price would probably be way off the charts by now.. I can only speculate if regulations come in play GLOBALLY that you would see this, regardless of FUD. Currently I can see BTC heading to around 46k possibly 47k pulling back then heading towards 54k this a Gann study
BTC Short term bearish scenario with major recovery in February?While this may be an unpopular perspective, I wanted to present a potential bearish scenario where BTC continues to follow the same path of the May/June 2021 downturn, reaches a point of maxx pain @ US$40k by end of January 2022 and then exacts a strong recovery back to ATH post March 2022.
Reviewing the last time we had a major dip from an ATH in May 2022, and using the same fractal, we could see further choppy price action down towards the 50w EMA, which would turn into support by end of Jan 2022, and this would reach a price of around US$40k as a very worst case (maxx pain) scenario with heavy support, since historically (according to Benjamin Cowen - Into the Cryptoverse analysis) we have never gone below a prior price at which the Bull Market Support Band held, like in September/October 2021.
Expecting a nice bounce from US$40k back to the US$53k level, we would then likely need a few attempts to break the US$53k level, after which US$64-65k would be the next price target (60% increase from the US$40k level) or we may even continue to push through that to a new ATH.
While this is extremely conservative and things are looking quite bullish today, for those who are concerned about continued downside risk, at least this hopefully represents a not too scary maxx pain possible worst case scenario from which, if it plays out, we would make a strong recovery into 2Q 2022.
