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Rocketbombbtc

Is it realistic? Or too pessimistic?👀 Hello, dear friends! I hope You're having a great weekend!🫶 Today it happened! The halving has occurred. The price hasn't reacted yet. And that means that significant movement awaits us ahead! How are You feeling? Will bulls or bears dominate the market? I wanna share with You one of the possible scenarios for price behavior in the near future. What do You say? Is it realistic? Or am I too pessimistic? I want to preempt trolls - that's just one of the possible scenarios! There's no need for negativity in the comments, it's better to skip the post and move on! And for those who agree - press 🚀, let's see how many of us anticipate a price decrease. 😊 Thanks Your attention🩷 Sincerely Yours Kateryna💙💛
BINANCE:BTCUSD
by RocketBomb
6
Quick BTC Update📊Hey, friends! Here's a quick Bitcoin update just for You!😊 What do we see?👀 On the two-hour chart 📊, I've identified a forming descending triangle. The price has tested the main descending trendline several times, but it has failed to break above it. This indicates, that the price is more likely to continue declining, ultimately completing the formation of the pattern. With minor pullbacks, we can expect the price to reach the level of 60,000, and then it's worth observing the subsequent formation. What do you think, friends? Are You feeling bullish or bearish?🧐 Is the rise postponed, or will it sneak up on us? Share Your thoughts in the comments! Thanks for Your attention,🫶 Sincerely Yours, Kateryna💙💛
Short
by RocketBomb
5
BTC: Everything points to $ 58,000🔻Hello, dear friends! 😊I've been closely watching the Bitcoin chart and trying to find the answer to the question: what awaits us next? 🧐 I intentionally replaced the usual Japanese candlesticks with lines on the chart for clarity, so that no noise would interfere with us seeing what I want to show you. And that's t he triple top pattern .📊 I know many of you wouldn't want to see further decline in Bitcoin, as it will take more time for the price to recover, but still - the importance of technical analysis patterns cannot be underestimated.🤷🏽‍♀️ A Triple Top is a chart pattern that consists of three equal highs followed by a break below support. The chart pattern is categorized as a bearish reversal pattern . ⚪️ All three highs should be reasonably equal, well-spaced, and mark clear turning points to establish resistance. ⚪️ The highs do not all have to exactly the same level but should be “close enough”. ⚪️ The Triple Top pattern is similar in appearance to the Head and Shoulders pattern, in that it is represented by a series of three high highs and lows. ⚪️ The difference is that all three highs of the Triple Top will be around the same height, while in the Head and Shoulders pattern, the second high is higher than the first and third high. ⚪️ The appearance of the Triple Top indicates the existence of an uptrend, which is currently in the process of reversing into a downtrend. Buying pressure is declining so the uptrend is running out of steam. ⚪️ While the Triple Top is developing, it can look like other chart patterns. For example, before the third high forms, the pattern may look like a Double Top.Three equal highs can also be found in an Ascending Triangle or Rectangle. ⚪️ With a Triple Top, the support level can be identified by drawing a line at the base level of the lows, which forms a “Neckline“. Preceding trend intensity is also important. A Triple Top emerging after a steep uptrend might be expected to result in a steeper decline. It can be concluded that there's a high probability of seeing the price at the level of $58,000 soon. 🔻Whether the price will go even lower is hard to say at the moment. Let's keep watching.👀 Thanks for Your attention🫶 Always Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
10
Quick BTC update💥Hello, dear friends!😊 As promised, I'm updating the Bitcoin chart for the short-term perspective🤫 After breaking the triangle downwards🔻, the price dropped below the $62,000 mark. We see, that further on, the price tested the lower trendline of the triangle (rising to over $66,000), and now there is a high probability that the price will again drop to the levels around $63,000 (possibly slightly lower) to retest the support line, which was formed. I've also highlighted it on the chart for clarity!📊 🧐What will happen next? It's very interesting, and I'll continue to monitor closely and try to update the charts promptly for You.🩷 Stay tuned, Your Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
10
Halving History Repeats? 👀🚀 Attention Crypto Traders! 🚀 Did you know that history might be repeating itself in the lead-up to Bitcoin's halving event? 📉 Last year, just one day before the halving, Bitcoin's price plummeted by a staggering 19%! And guess what? This year, we're seeing similar corrections as we approach the halving once again. 📉 It's a pattern worth paying attention to! In the past few days, Bitcoin's price has been experiencing some turbulence, possibly foreshadowing what's to come. 📉📈 In the midst of this uncertainty, analysts are closely eyeing the charts, with some predicting that we could see a potential drop to the $58,000 mark before the halving kicks in. 📉💰 But hey, don't panic just yet! 🚨 Remember, volatility is par for the course in the world of crypto. And while corrections may be unnerving, they also present potential buying opportunities for savvy investors. 📈💸 So keep a close watch on the markets, stay informed, and make strategic decisions that align with your investment goals. 💡💰 What are your thoughts on the current market situation? Are you prepared for potential price fluctuations leading up to the halving? Share your insights in the comments below! 👇💬 And don't forget to hit the like button and share this post to spread the word! Let's navigate these market waves together! 🌊🚀 Thanks for Your attention,🫶 Always sincerely with You, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
45
Bitcoin's Steep Decline: Is $58K Inevitable?🫨 Hello, friends! 👋🏻Today, let's dive into the world of Bitcoin trading and explore some key insights from the daily chart. ⚡️ Today, let's take a look at the daily Bitcoin chart, where I've highlighted the time frame from the decline in 2021 to our current days in 2024 with a white ⚪️ bowl-shaped area. Starting from November 2022 until the beginning of 2023, the price was in the accumulation zone (highlighted in green 🟢 on the chart), after which we finally bid farewell to the downtrend, and the bears gave way to the bulls.💪 💡I've also added the Moving Average indicator, which is one of the simplest for novice traders and one of the most widely used indicators for trend and momentum determination: it's suitable for traders working in any style and on any time frame. And what can we see?🧐 That each correction starting from the beginning of the uptrend touches this moving average line! 💥 It can cautiously be assumed that this time will be no different: the price may drop to levels of $62,000 - $60,000 - $58,000. You can see a strong support level on the chart: the price shouldn't fall below it, as we are still in a bullish trend.📈 I've highlighted the direction of price movement with orange 🟠 circles. By the way, the correction occurred immediately after the price broke the previous highs, as it has happened many times before, and this time was no exception!🤷🏽‍♀️ I wonder, what do you think, will the price drop to $58,000? or will the correction not be so deep? Write in the comments, let's make some noise!💥 Subscribe to stay updated!🫶 Thanks for Your attention💋 Sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
5
BTC on 3h chart🔻Hello, dear friends! 😊Let's quickly take a look at the 3-hour Bitcoin chart.👀 We see a sharp decline in price, I have updated the boundaries of the triangle, and now it looks like we are moving towards the level of 64,000.💥 If we hold this level, there is a chance to stay afloat, but if the drop is more serious, the scenario I mentioned earlier may occur.👇 What do You think? How deep can Bitcoin fall? Will there be a deep correction? Write Your thoughts in the comments! Thanks for Your attention Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
15
Bitcoin on 1h chart by RB🚀Hello, dear friends! 😍The halving is approaching, and anything could happen in the market, that no one can predict. 🔴Don't enter trades with large capital!! ❌It's better not to trade at all, than to be caught off guard by a huge fake candle!👎 Remember that the market could experience a significant drop before the halving or unexpectedly skyrocket to the heavens. 💥At the moment, it's evident that the breakout from the triangle was fake. ⭐Most likely, we will test the lower boundary of the triangle, and the price could reach 67,000 or even lower.📌 In any case, these are just my assumptions, and You should only enter trades, that You are confident in, and now is definitely not that time!⚠ Stay tuned, and I'll try to provide timely updates on the situation ✉ I want to remind You a few of my previous charts, that still have the potential to play out: Take them not as a call to action🙅‍♀️, but as one of the possible scenarios! Thanks for Your attention😊 Yours sincerely, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
Bitcoin's Triangle Dilemma! 📈📉 Hey traders! 😊Ever felt the thrill of a breakout looming? Today, we're diving deep into Bitcoin's current triangle situation. Let's navigate through potential scenarios and craft our strategy for the upcoming ride! Bitcoin's stuck a little bit. Will it break out upward or downward? The suspense is killing us!No fear! We've got a plan for both outcomes. 🔍 Spotting False Alarms False breakouts are possible.🤨 Learn how to sniff them out like a pro!Haha😎 We'll wait for clear signals before diving into action. Patience pays off, my friends. 📈 Up We Go: Riding the Bull Wave If Bitcoin decides to break out to the upside, we'll be ready. But not without confirmation! We'll wait around $71K, to confirm the breakout before riding the bullish wave up to $77,500.😆 📉 Downward Bound: Surfing the Bear Trend But hey, what if it's a bear's world out there? No worries! We'll watch for that crucial confirmation around $63K before shorting our way down to $58,900. Bears, you're not scaring us today!Boooo🐻 🚀 Halving Hype: Brace for Impact! 💡Don't forget, traders! The halving event is on the horizon, and it's bound to shake things up. Get ready for some serious movement as the halving draws near. Exciting times ahead!💪 Get ready, friends The breakout is coming, and we're prepared for whatever the market throws our way. Share your thoughts and join the conversation in the comments! Subscribe to stay updated!🫶 Thanks for Your attention💋 Sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
16
Solana 🔻Hello, fellow traders! ☺️Today, let's delve into the world of Solana on the hourly chart to determine the short-term perspective!💪 It seems that the price has started forming a descending channel. If that's the case, then a few hours ago, the price bounced off the upper resistance and will move towards the support, which is the lower part of the channel, at levels $166 - 162.🔻 😌If you're keen to learn something new about channel trading strategy, I'll leave the link below for you to explore further. Subscribe to stay updated!🫶 Thanks for Your attention💋 Sincerely yours, Kateryna💙💛
Short
by RocketBomb
8
BTC on the way down to $62 000?Hello, dear friends!😊 Many of Yo are wondering if the Bitcoin correction is over. In my opinion - no, the correction could be deeper! ⚡️BUT! This is not a reason for concern; on the contrary, the price will take a breather for further growth.🚀 People are panicking, saying "Should I sell?😱" If you're not a short-term trader, selling now doesn't make any sense. If you want to make a medium-term trade, you should be buying the entire correction, as this way you will average out your purchase price! I think the price could drop all the way down to $62,400, and then we'll see how the price forms!💡 On today's chart, I provided an example of Bitcoin price behavior as various fractals, which often repeat!🔥 I would love to hear Your thoughts. 🫶How is Your trading going right now? What trades are You more interested in (short-term or medium-term)? 😊Let's get to know each other better! There are so many new faces, and we don't know each other at all :) You can always ask me any question; I'm always happy to answer, whether it's trading-related or not.😉 Thanks for Your attention,🫶 Always sincerely with You, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
15
Bitcoin and Triple Top Pattern 💥Hi, friends!😊 A few days ago, Bitcoin's price action strongly resembled a double top, but today it looks more like a triple top. It sounds like a joke, but no, let's discuss what the triple top pattern is.🧐 Triple Top Pattern is a popular chart pattern used in technical analysis to identify potential trend reversals in financial markets. By the end, you will have a solid understanding of this chart pattern and be equipped to make informed trading decisions. Spotting The Triple Top Pattern 🔺🔺🔺 Spotting the Triple Top Pattern requires carefully observing price action and chart patterns. Traders often use technical tools like trendlines, support, resistance levels, and oscillators to identify this pattern. The following steps outline a fundamental approach to spotting the Triple Top Pattern: Identify an extended uptrend in the price chart. Look for three consecutive peaks that are relatively equal in height and form a horizontal or slightly downward-sloping resistance level. Confirm the pattern by observing two minor pullbacks between the peaks. Analyze trading volume during the formation of the pattern. Decreasing volume can indicate a loss of buying interest. Here are a few key points to keep in mind when trading this pattern: Entry Strategy: Traders often wait for the price to break below the support level, confirming the pattern’s completion. This breakdown serves as a signal to enter short positions. Stop-Loss Placement: Placing a stop-loss order above the resistance level can help limit potential losses if the pattern fails and the price rises. Take-Profit Levels: Traders can set take-profit levels by measuring the pattern’s height and projecting it down from the breakout point. Additionally, support levels or previous swing lows can serve as potential targets. In conclusion, the Triple Top Pattern is a powerful tool in technical analysis that helps identify potential trend reversals in financial markets. By understanding its definition, working mechanism, spotting techniques, and trading strategies, traders can gain an edge in their decision-making process. However, combining the Triple Top Pattern with other technical indicators and performing a thorough analysis before making trading decisions is essential. Always manage risk effectively and adapt your approach based on market conditions. If You like what I do for You, support me with a 🚀 , subscribe to the channel, and stay with me! Thanks for Your attention🙏 Always sincerely with You💙💛 Your Kateryna💋
BINANCE:BTCUSDShort
by RocketBomb
3
BITCOIN: double TOP?🧐Hello, friends!😊 Today we talked about double tops and double bottoms. Let's try to apply a double top pattern on the Bitcoin chart!👍 🔺🔺Double tops tend to form when the price reaches a high within a current uptrend and then pulls back. It rallies again to the previous high area before stalling and pulling back, falling below the low of the previous pullback. The reason it's called a double top is because the price peaked at the same area twice and was unable to reach new highs, above previous resistance. Once this popular reversal pattern is confirmed or complete, traders can place a short trade or exit their long positions, of course, once the price drops below the previous swing low. 🔸Target Areas: When determining a potential profit target area, we use the height of the pattern, minus the breakout price point. ⚡️ The most important thing to understand in the current situation is that we definitely need confirmation of the breakout point. Only after this can we place a short position. If you haven't seen my educational post today, I'll attach the link below!👇 If You like what I do for You, support me with a 🚀 , subscribe to the channel, and stay with me!🫶 Thanks for Your attention🙏 Always sincerely with You💙💛 Your Kateryna💋
BINANCE:BTCUSD
by RocketBomb
♻️ The cyclic nature of Bitcoin's price ♻️Hello, dear friends! Much has been said about Bitcoin cycles, and you've seen many charts, including mine! But today, I'll summarize everything that has been said before: briefly and clearly!So... What Defines the Bitcoin Market Cycle? The Bitcoin market cycle signifies the repetitive trend of price movements within the Bitcoin market, marked by alternating phases of appreciation and depreciation. These fluctuations stem from the perceptions and actions of market participants, involving buying and selling, and are influenced by various factors including market sentiment, regulatory shifts, technological advancements, and broader economic conditions. Historically, Bitcoin has adhered to a four-year cycle closely tied to Bitcoin halving events, occurring roughly every four years. A halving event entails a 50% reduction in the Bitcoin reward miners receive for validating transactions; consequently, the rate of Bitcoin supply growth slows down. This often triggers a significant price surge, assuming the demand for Bitcoin either remains constant or increases post-halving. The upcoming halving is slated for April 2024, where the block reward will decrease to 3.125 bitcoins. The chart below illustrates the cyclic nature of Bitcoin's price and its historical patterns. What Constitutes the Phases of the Bitcoin Market Cycle? Phase 1 – Accumulation This phase emerges when prices are low, yet there are early indications of growth. It's a period where buyers accumulate Bitcoin at lower prices, representing a pinnacle of financial opportunity. Typically, bearish sentiment prevails in the market, resulting in low trading volumes and prices fluctuating within a narrow range, often near the bottom. Phase 2 – Continuation (growth) During this phase, the price continues its ascent towards the all-time high. Historically, a halving event occurs here, coinciding with diminishing exchange reserves as buyers stockpile supply in anticipation of surging prices and new record highs. Phase 3 – Parabolic (bubble) As the price surpasses the previous all-time high, it begins to rise exponentially, leading to a new all-time high that significantly exceeds the previous peak. This phase is marked by extreme volatility, with rapid price spikes followed by substantial corrections. Sell volume increases as some investors lock in profits, while others continue buying, believing the bull market has further potential. Consequently, price volatility diminishes as buying and selling volumes begin to balance, amid a backdrop of overconfidence. Many investors may perceive the Fear & Greed Index as signaling Extreme Greed during this phase. Phase 4 – Correction (crash) Following the euphoria of the Parabolic phase, the market undergoes a major downward correction. Previous bear market periods have witnessed approximately 80% drawdowns from the peak, with negative price movements lasting for roughly a year. For instance, the most recent downturn saw Bitcoin's price plummet from an all-time high of $69,000 (November 2021) to $15,476 (November 2022). What maximum price of Bitcoin do you expect this or next year? I hope you found it interesting. If yes, boost this post 🚀 so others can see it too, and subscribe to stay connected. Always sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
4
BTC 2h chart by RB 💥 27/03Hello dear traders and investors! ✨ I hope your trading day is going well and bringing you only positive outcomes! Today, I want to share some interesting observations on 2h chart of BTC! The price is at the top of the ascending channel near the resistance line! It's possible that the price will drop to the lower part of the channel at levels 67-68! It's better to set entry points for long or short positions on breakouts! Currently, the chart looks ambiguous! It's better to wait for a clearer signal! Remember, there are always opportunities in the market for those who are ready to analyze and make informed decisions. However, it's also important to remember proper risk management and maintain discipline in trading. I'm always happy to share my thoughts and strategies with you, dear colleagues! If you have any questions or want to share your opinion, feel free to comment below.🫶 Don't forget to smash that 🚀 button and hit subscribe to stay updated! Remember to save this post so you don't miss out on any valuable insights. Let's grow together and navigate the markets successfully! Wishing you a successful trading day and good luck in your trades! Until next time, guys! Best regards, Always sincerely yours, Kateryna
BITSTAMP:BTCUSD
by RocketBomb
3
Bitcoin on 1d chart by RB💥Hello, dear friends! 💙💛Today, let's examine the daily Bitcoin chart together! We'll look at the behavior of the MACD indicator and forecast the next price action. 💥First of all, let's take a look at the inverted wedge that I drew earlier, the price is currently moving within this pattern. Many traders' opinions are divided: some believe that after a shallow correction, the price will continue to move upwards.🤷🏼 I still believe, as before, that the price may continue the correction and in the coming weeks may reach the levels of 55,000 - 52,000 (you can also review the previous chart). I have also added the MACD indicator, which already has a crossover of two lines, indicating a change in trend!⚡️ 🧐So it will be interesting in the coming weeks! In my opinion, a deeper correction opens up more opportunities! What do you think? What can we expect in the near future? Always sincerely yours, Kateryna🫶
BINANCE:BTCUSD
by RocketBomb
18
Bitcoin on 1h chart by RB🔥Hello, dear friends! 🫶I'm so pleased to welcome You on my page! Bitcoin is currently undergoing a correction, so let's consider the options for how things will develop further!🧐 On the chart, You can see an upward channel - white color 🤍, the price exited it touching the level of $65,500 and then returned to the channel. This could mean two scenarios: 1️⃣ first - a fake breakout, 2️⃣ second - a signal for a deeper correction. I believe that if the price exits the channel again, we can expect a decline to the levels of 65,500 - 64,000, and if these levels are sharply broken, then the drop will be to 59,400. If You want to know my thoughts on this matter, then correction is natural and an excellent way for the price to take a breather, while we put levels for buying! 💡TIP: Keep an eye on the further price behavior in the channel, and make a decision to enter a trade only on a breakout of the channel! Thanks for Your attention🫶 Always sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
4
Bitcoin by RB, 1h chart 11/03 💥Hello, how are you? I hope everything is well with you and you're ready to discuss the new Bitcoin price chart with me!🫶 The price has sharply broken new highs and is confidently moving forward.🚀 If we draw several trend lines on the current pricing, we can see that since February, the price has been moving within a rising wedge! Do you see it too?😳 Technical analysis patterns don't always work out perfectly in the cryptocurrency world🤪, but assuming this is the pattern, a rise to $76,000 is possible, and then we'll need to watch closely, as a sharp price drop could occur (even a deep correction), it's important to monitor further pricing movements! ⚡️Tip: If you want to enter a trade, it's worth dividing your buying amount into several parts (for example, three) and placing them at different levels (for example, $70,000 - $71,000 - $72,000), so you can buy Bitcoin at a favorable price without chasing highs! Sale (profit taking) levels can be set using the same principle! 🛑Stop loss below $65,000 (or better yet, watch the pattern; if the price falls out of the wedge, the stop loss can be placed higher!) I hope You found it interesting and informative!🫶 Looking forward to Your feedback Subscribe to stay connected💋 Sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
11
New ATH soon?Hello, friends! It seems Bitcoin has picked up the pace significantly! Are we expecting new highs soon?🧐 In my opinion, the price has formed a Bullish Pennant! And there has already been a breakout. 🚀 Do you agree? 💡How to Trade a Bullish Pennant Pattern There are four steps to trading this pattern successfully: 1️⃣ Step One : Identify the Pattern Formation The first step is to identify the pattern formation. This includes identifying an existing uptrend and the formation of a pennant after that uptrend has begun. 2️⃣ Step Two : Wait for the Breakout Once you have identified the pattern, it is important to wait for the breakout from consolidation before entering a trade. This breakout typically occurs to the upside, signaling a continuation of the uptrend. 3️⃣ Step Three: Enter a Trade Once you have identified the breakout, you can enter a trade by buying the stock on your stock brokerage platform. 4️⃣ Step Four : Exit the Trade The final step is to exit the trade. This can be done by either taking profits at a predetermined level or by using a stop-loss order. 🛑 Stop Loss on Pennant Resistance One way to place a stop loss when trading this pattern is to put it on pennant resistance. This will help you manage your risk and protect your profits in case the breakout does not occur or the market reverses course. Some traders prefer to place their stop losses below the breakout candle. Ultimately, it’s up to you to decide which method works for you. ✅Profit Target The profit target for this trade is up to the trader. Some traders aim for a profit target equal to the height of the uptrend leading into the pennant formation, while others may take a more conservative approach and aim for a smaller profit target. Make sure your target is realistic and in line with your risk management strategy. If you liked the post and found it informative enough, click 🚀, so others can see it too!☺️ It's a shame that many great posts go unnoticed!🥹 Thanks for Your attention😘 Always sincerely yours, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
Daily Bitcoin and correction before halving💥Hello, dear friends!🫶 So, are You all excited about the swift rise of Bitcoin?🚀 It's cool, but regarding further movement, we need to: a) skip; b) trade carefully; c) just observe. (Let's emphasize the appropriate option 😄) But seriously, before the halving, we usually expect a correction, and right now the price is at a very strong resistance level! I don't rule out the possibility of false breakouts, but the market seems quite eager to shake us up 😁 Let's try to maintain composure! I suspect there will be plenty of opportunities soon, so let's not be greedy! On the chart, you can see that I'm expecting a "cold shower" in the coming month. 👍Also, tomorrow I'm resuming my workouts at the gym. This will be my fourth attempt since the beginning of the war 🤪 I hope it goes well! I'll need your support! Do You go to the gym? How do you relieve stress or tension?🧐Let's move forward together!💪 Always sincerely Yours, Kateryna💙💛
BINANCE:BTCUSD
by RocketBomb
6
Bitcoin $60 000 - $62 000 soon💥Hello friends!♥️ Yesterday Bitcoin sharply surged and Breakout an upward channel, that was formed since last July! This ascending channel is typically traded by breakout, which occurred! The price target for the breakout is measured by the width of the channel - I've indicated it with dashed arrows! But there's a catch! Yesterday, I posted a chart, IMHO, it's essential for you to read it and carefully consider it! On this chart, I've overlaid the same wedge in orange as in the previous post; I believe it holds significant importance for Bitcoin's future price action! The upper boundary of the wedge is resistance, which may not be immediately broken, and the price in that area may undergo a correction! It's crucial to monitor these levels! I anticipate a rise to levels around 60-62 thousand, and then we need to observe further! What do you say? What's your forecast? Share in the comments! Thank you for your attention! Always sincerely with You🫶 Your Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
4
All halvings on one chart💥Hello, crypto enthusiasts!🫶 The next Bitcoin halving is expected in April 2024. It's difficult to predict the exact date as it depends on the block height. Since halving occurs every 210,000 blocks, the next Bitcoin halving is expected in April 2024 when the block height reaches 840,000. Positive sentiments surrounding the Bitcoin halving have historically been associated with price fluctuations, as some investors anticipate price increases after the halving. Although historically Bitcoin prices have tended to increase after halving, it's important to consider that this trend is not guaranteed, and we cannot predict future price dynamics. Price trends will depend on circumstances in 2024 related to the Bitcoin halving event, including further adoption and other demand-related factors. Below are the price jumps in BTC after the halving.👇 Long before the halving, the price formed a wedge (I deliberately colored it in violet for comparison with this period in 2020). On the day of the halving, the price of Bitcoin was approximately $12. Forty-one days later, the price significantly increased to approximately $130, demonstrating significant growth. Immediately after the halving, the price formed a small wedge, resembling an accumulation zone, and after it, there was a significant price increase. For a long time from 2013 to 2015, the price formed a wedge (I deliberately colored it in green for comparison with the upcoming 2024 halving). In 2015, the price remained in a consolidation zone for some time and began to form a inverted wedge (orange color). On the day of the halving, the price of Bitcoin was approximately $660. By January 9, 2017, the price had increased to approximately $900, indicating significant growth in value over six months. Immediately after the halving, the price formed a small wedge, resembling an accumulation zone, and after that, there was a significant price increase. Long before the halving, the price formed a wedge (I deliberately colored it in violet for comparison with the 2012 period). The price of Bitcoin was approximately $8,600 on the day of the halving, and six months later, around November 11, 2020, it had risen to more than $15,700. Immediately after the halving, the price formed a small wedge, resembling an accumulation zone, and after that, there was a significant price increase. For a long time from 2021 to 2022, the price formed a wedge (I deliberately colored it in green for comparison with the upcoming 2016 halving). In 2022, the price remained in a consolidation zone for some time and began to form an inverted wedge (orange color). On the day of the halving (which will take place in April of this year), the price of Bitcoin is likely to be within the boundaries of the orange wedge. Immediately after the halving, the price will form a small wedge, resembling an accumulation zone, and after that, there will likely be a significant price increase. Why am I making such a forecast? Because every previous time it happened just like this! This halving is more similar to the one in 2016 based on price movements! Hey guys, I'm really curious about your opinion! Did you like my post? I put a lot of effort into it, and I'd be glad to see your engagement! Always sincere with You, Your Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
5