Hey everyone! Appreciate a like and follow if this analysis helps! Bitcoin has successfully broken out from a symmetrical triangle in the 4-hour timeframe. However, a retest of the broken resistance level is likely. Avoid impulsive buying (FOMO) and wait for a potential pullback. Anticipated Timeline: Sideways Movement: Expect Bitcoin to trade sideways for...
Hello everyone, We have had a bearish weekly bias and have continued downward today crossing an important level. As shared previously, I have been watching these levels in case we get a new low for October, surpassing the earlier one, signaling the seasonal low for Q4. We are very close to breaking that level. Rarely do you come this close to an important level...
We definitely saw a reaction after tapping into that daily FVG above. I expected a retrace after that. now we have to see if it finishes this as a small retracement or puts in a surprise new low for seasonality. Price could retrace to and bounce off those FVG's or go past the last two lowest lows for a surprise. We will know more after today and Monday. these are...
Last weeks high: $28351.8 Last weeks low: $27165.3 Midpoint: $25978.9 As September and with that Q3 comes to a close BTC saw a late price rally of 4.4% in a single hourly candle to finish the month strong. Going into Q4 I still expect a sell off and revisit of the yearly open. With credit card debt at levels comparable to that of the 2008 financial crisis, as...
The fed hiked rates today by 0.75%. They have also moved to meeting by meeting data dependency. Since they've done both in one meeting there is the possibility that if inflation continues higher for a few months they will be unable or unwilling to cut rates to save the economy from the earrings recession likely on the way. In short the supply side situation is...
End of this misery in Q4 around October possibly. Should expect some support around the 2017 top ~19k. Buying opportunities below towards end of descending triangle. Will need to consolidate for a while.
Yes, it seems like the bulls are getting ready to attack! IF the silver price overcomes the 23.6 % Fib level and 50's MA with a sustained close around 23.30 USD, it would be time to fasten your seat belts. IF XAG/USD doesn't overpower this critical resistance area and is making a move to the south, I would take another short trade into consideration. But this...
Price has been following an uptrend forming higher highs & lows. Price has been in the corrective phase & is now approaching a key area of structure support, which aligns with the daily ascending trend line. I am anticipating a reversal from this region for price to look to resume the uptrend for a new potential higher high next towards $85,000 next!
Predicted trend in the final sprint of q4. I'll use this to sell, buy and re-buy these comings weeks.
With Fed. Chair Jerome Powell being confirmed once again, its all but confirmed that the rampant money printing and destabilization of the dollar will also continue. As inflation continues to become more and more unmanageable, people will continue to pile into fixed supply assets that will historically beat inflation. $SPX continues to show how overheated equities...
A #cryptocurrency wallet containing 2,207 Bitcoins (roughly $150 million at current prices) has become active for the first time in over eight years, according to blockchain tracker bot @Whale_alert . The wallet transferred $129 million worth of #Bitcoin.
#USDT Dominance against Bullish and Bearish Thresholds We just entered the Very Bullish Trend Phase of the Market
The US dollar has been in a frenzy for the past 30+ days. With the recent FED meeting it can be speculated that the end may be near for our beloved dollar. FED has stated it will start withdrawing its EMERGENCY funds. The inflation in talks is simply the corp finance worlds inability to recook an already cooked balance sheet. The word of the month is...
NAS HAS BEEN ALL GAS NO BREAKS FOR THE LAST 30 DAYS (Q4 BULL RUN) Tech is at an all time high world wide with WFH continuing as well as vaccine mandates that have citizens returning to office. The recent crypto run can be said to be a fuel to the NAS fire. TESLA going to 1K+ is another great indicator of a healthy nas bullish trend. I would love to see a slight...
Doge has been in consolidation since late august with the last .35 test. Once it failed the .35 test it dipped to its support level of .20 to regather momentum for this Q4 rally. While all other ALTS are somewhat pumping DOGE has seemed to stall out as of recent. we are not out of consolidation until we successfully close ABOVE .31 (looking to shoot thru my...
Looks like we are forming bullish pennant pattern. 75% of the time this pattern is playing out to the upside, i think we can see atleast $95k this month and $135k december.
#Bitcoin #BTC Similarities between the current Correction & the previous one The Bull Run to be resumed soon Next Target is 80K to 85K, 20-30 NOV
Every four years bitcoin experiences a bull run. Typically, in Q4, BTC will shoot up in price equal to half the percentage increase from the previous bull run. This last quarter is looking to be around 150-200%. I am expecting BTC to hit around 113-130k. The gap is from taking data from other charts along with my own. Once BTC hits the price target, the correction...