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💙💛
Rocketbombforecast
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💋
ETH ❗️ Down Hello, Ethereum continues its decline as well! 📉 You can find short-term perspective levels on the chart!❗️
Also, take a look at the daily chart. Honestly, it's not very optimistic. I don't want to scare anyone, but if we fall below $3,000, we can expect a more significant correction!🤷🏽♀️
What do You say? 🧐How deep Ethereum can fall? Share Your thoughts with me in the comments.
Always sincerely yours, Kateryna💙💛
My analysis from yesterday went unnoticed, so don't hesitate, hit the 🚀 let more people see it!
Ada has good potential in 2024🔥Hello, dear friends!☺️
🧐Today, I present to You my chart showcasing the promising potential of the ADA coin (from Cardano). As you all know, Cardano has its own cryptocurrency called ADA, which serves as the primary asset of the platform. They utilize the Proof of Stake (PoS) algorithm to ensure network security and support its decentralization.💻
⚡️It's essential to highlight that the Cardano project adheres to scientific methods in the development and implementation of its technologies, contributing to increased security and stability of the network.
Regarding the price movement of the ADA coin, let's take a look at the chart.👀
In December 2023, the price broke through the resistance line of a parallel channel that had been forming for almost a year (marked in red). The formation of this channel began after a prolonged sharp decline in price following the last bull run. I've labeled this parallel channel as the bottom on the chart!👇
💡It's safe to assume that in the coming months (medium-term perspective), we can expect the price of this coin to rise. By placing several buy orders (orange zone) to catch it at the optimal price, setting the marked levels for selling (take profits) at 0.9, 1.0, and 1.2, and keeping in mind the stop-loss level 🛑 - under 0.38, it could be a very profitable deal!🔥
🚀I believe the potential for this coin is quite good, but significant growth will require more time. So, let's add it to our checklist and keep an eye on it 😉
🧐What do You say, folks? How do You feel about ADA and the Cardano project itself? Do You have any experience trading this coin?
Thanks for Your attention, stay tuned! Subscribe not to miss out. 🫶
Always sincerely yours, Kateryna💋
Is there potential for Litecoin?🧐Hello, dear friends!🫶
The potential of Litecoin, like other cryptocurrencies, depends on various factors including market conditions, technological developments, global adoption, investor interest, and several other factors.
Litecoin, like other cryptocurrencies, may experience significant price fluctuations and volatility in the market.
Some investors and analysts see growth potential in Litecoin due to its fast transaction speed and low fees, making it an attractive means for quick and inexpensive fund transfers. However, like any investment asset, there are risks, and the success of Litecoin will depend on a wide range of factors, including market competition, technical innovations, and external economic factors.🤷🏼
After the last halving, the price surged from $40 to over $300. Note that Litecoin's price against Bitcoin has not risen since 2019, but its potential is no worse than many others that are experiencing significant pumps!🚀
I believe that by the end of this year or early next year, Litecoin will continue to grow. And if the price of Litecoin against Bitcoin also increases, the growth potential could be significant.⚡️
We will continue to monitor Litecoin's price movement, especially the wedge that has formed against Bitcoin! It's very interesting!
How do you feel about Litecoin? Do you prefer "quiet" coins or do you like to chase hype? I'd like to hear from You in the comments!
Thanks for Your attention, subscribe to stay connected!💙💛
Sincerely yours, Kateryna💋
Zilliqa 🚀 by RBHello! 😘Today let's take a look at the Zilliqa coin! There's still a chance to buy it "on the down low"! The chart looks quite promising!
The price has broken a multi-year downtrend and is confidently moving upwards! Currently, Zilliqa is experiencing a pullback, so it's a good time to buy a little!
What is ZIL coin?
Zilliqa is a cryptocurrency aimed at using sharding to solve scalability issues faced by many blockchains. Sharding is the process of dividing the mining network into smaller parts or shards that process transactions in parallel.
Remember, it's crucial not to buy coins that are already overbought! There's a significant risk of losing money! Be cautious and remember the age-old wisdom of the market: buy on rumors, sell on news!
Stay safe!🫶
Thanks for Your attention.
Always sincerely yours,
Kateryna💙💛
♻️ 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💙💛
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
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🫶
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💙💛
LOKA/USD by RB
Greetings, dear crypto enthusiasts!🫶
I wanna draw your attention to the LOKA coin against the dollar! In my opinion, it looks very promising in the medium term!💥
Several wedges have been broken upwards, thus forming a huge wedge, which will soon finish its formation and will break out!
If you prefer to take risks, you can place several buy orders in the orange zone! If you want a safer deal, then wait for the breakout upwards and place buy orders there!
🧐What is your opinion on coins like LOKA?
I'm so interested in your opinion!
Thanks for your attention💋
Sincerely yours, Kateryna💙💛
Matic Network💥Hello friends! Have you heard about Matic?
💻 Matic Network, now known as Polygon, is a layer 2 scaling solution for Ethereum that aims to address the scalability and usability issues of the Ethereum blockchain. It enables faster and cheaper transactions by leveraging sidechains, plasma frameworks, and the Proof of Stake (PoS) consensus mechanism.
💡 The Matic Network coin (MATIC) is the native cryptocurrency of the Matic Network. It is used for various purposes within the network, including paying for transaction fees, participating in staking, and securing the network through consensus mechanisms.
🧰 Overall, Matic Network aims to improve the scalability, security, and user experience of decentralized applications (dApps) and Ethereum-based projects by providing a scalable and efficient platform for building and deploying them.
💰 now, I see a good opportunity for mid-term investment! It may have a decent price increase! You can find entry and take-profit levels on the chart!
Confess, which coins are currently in your portfolio? I would be happy to discuss a few of them, so write in the comments!📊
Thanks for Your attention🫶
Sincerely yours Kateryna💙💛
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💙💛
WING/USD by RB💥
Hello, dear friends! Today, I'm introducing a very interesting token called WING!
If you're a fan of memecoins or hyped-up tokens, you're unlikely to find coins on my page that are at their peak!
I'm always looking for "quiet buys"! When a coin is being hyped up everywhere, and the whole Twitter is buzzing with "buy now!" - that's actually the best time to take profits. And if You don't have such coins, just say "thank goodness!"
What is Wing Finance cryptocurrency?
Wing Finance is a decentralized finance (DeFi) platform created by the team behind Ontology, supporting cross-chain interactions between different protocols. The Wing team has developed an innovative credit evaluation method aimed at supporting lending and enhancing transparency.
Regarding buying levels and profit-taking, You can find everything You need on the chart!👇
Remember, "Buy on rumors, sell on news."
Thanks for Your attention💙💛
Always sincerely yours, Kateryna
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💙💛
SXP / USD 💥 mid- term trade 💥Hello, crypto enthusiasts!🫶
I'd like to highlight the potential of the SXP coin against the dollar! In my view, it shows great promise in the medium term!💥
The price is currently forming a significant wedge, which is nearing completion and poised for a breakout!
For those inclined to take risks, consider placing buy orders in the orange zone. For a more conservative approach, wait for an upward breakout before entering buy orders.
🧐What are your thoughts on coins like SXP?
I'm genuinely interested in your perspective!
Thank you for your attention💋
Warm regards, Kateryna💙💛
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💙💛
Loom/BTC by RB
Hello, friends!🫶 Check it out! 🧐The price looks great at the moment! The formation of the wedge is coming to the end.
Previous wedges worked out fantastically! Just take a look!😱
March of 2023 - 🚀 160%
October 0f 2023 - over 1000% 💥
💡So what is a wedge?
The wedge pattern can either be a continuation of an existing pattern or a reversal pattern, depending on the type of wedge and the previous trend. There are 2 types of wedges indicating that the price is consolidating.
1️⃣ The first one is ascending wedges, where the price is contained within two ascending trend lines that converge because the lower trend line is steeper than the upper trend line. In other words: lows are rising faster than highs. These wedges tend to have a tendency for sharp downward movements.
2️⃣ The second type is descending wedges, where the price is contained within two descending trend lines that converge because the upper trend line is steeper than the lower one. In other words: highs are falling faster than lows. These wedges tend to have a tendency for sharp upward movements.
Conservative traders may look for additional confirmation of price continuing in the direction of the breakout. The target can be set using the methodology of measuring the height of the back part of the wedge and extending it in the direction of the breakout. The overall stop level is located beyond the wedge on the opposite side of the breakout.
‼️To be confident in the trade - wait for the price to breakout! This will give you greater confidence!
Thanks for your attention!
Yours, Kateryna💙💛
💥 Investing in Dogecoin: Do it in a right time!Hello, Crypto Enthusiasts! 🚀
Let's dive into the world of Dogecoin (DOGE), one of the most intriguing cryptocurrencies in the market. 🌐
🐕 Origin Story: DOGE started as a meme-inspired coin featuring the Shiba Inu dog from the "Doge" meme.
🌕 Famous Meme: The coin's Shiba Inu logo became widely recognized and beloved in the crypto community.
🤝 Community-Driven: DOGE has a passionate and active community that often engages in charitable initiatives and tipping.
📈 Price Volatility: It's known for its price volatility, making it both exciting and unpredictable for traders.
🏆 Impressive Rallies: DOGE has experienced spectacular price surges driven by celebrity endorsements and social media buzz.
📈 DOGE / USDT 📉
🟢 Entry Levels: 0.05 - 0.06
🔸 Target 1: 0.07 🚀
🔸 Target 2: 0.08 🚀
🔸 Target 3: 0.09 🚀
🔸 Target 4: 0.10 🚀
🔴 Stop Loss: Under 0.045 ⛔️
DOGE is more than just a meme; it's a unique cryptocurrency with a remarkable community and history. Keep an eye on it as it continues to surprise the crypto world!
Stay tuned for more exciting updates on DOGE and other cryptocurrencies.
In the comments, let me know which altcoins you're currently trading! 🚀 Also, please share what you'd like to see in my upcoming posts. Your input is invaluable to me! 💙
Kindly sprinkle some love with a thumbs-up! 🚀❤️
Happy trading🌟
Your Kateryna🫶
Ethereum 1h by RB
Hello, dear friends! How are you?♥️
Today, I wanna draw your attention to the hourly chart of Ethereum! The short-term situation looks very interesting.
Today, the upward trendline was broken down, but the price returned to it, trying to recover and consolidate!
If you're interested in my opinion, there is potential for a slight rise to the levels of 2300 - 2350, and beyond that, it seems like a time for correction to the levels of 2220 - 2200!
At the moment, this is how I see the hourly chart! I would be glad to hear your opinions in the comments for discussion!
I missed You!🫶
Thanks for attention!
Sincerely, Kateryna.
RB Calling for TOP! Comparing Bitcoin's 2019 Rebound with 2023.Hello my dear readers!
Many of us find themselves drawing parallels between past and present, searching for clues about what the future holds for Bitcoin. In this analysis, I will explore the comparison between Bitcoin's market bottom and rebound in 2019 and its current resurgence in 2023.
Can we project a price target of up to $47,000 based on this analysis? Let's dive in.
Resemblance to 2019:
Upon closer examination, it becomes evident that 2023's Bitcoin market rebound shares remarkable similarities with the 2019 scenario. The patterns, trends, and key indicators align in a way that raises intrigue among traders and analysts.
Inverted Wedge Formation:
One compelling aspect is the formation of an inverted wedge pattern. This pattern, which commenced right at the market bottom, is strikingly reminiscent of the conditions observed in 2019. The inverted wedge is a promising sign for traders, as historically, it has often preceded significant upward movements in Bitcoin's price.
Crash Patterns:
Another interesting facet of this comparison is the resemblance in crash patterns. The crash pattern observed in the current cycle shares characteristics with the previous one, yet it appears more condensed and narrow. This contrast becomes especially evident when compared to the flatter pattern that prevailed in 2018-2019.
Projection for Bitcoin's Price:
Based on this analysis, there is a potential projection of Bitcoin's price targeting up to $47,000. This projection aligns with the trends and patterns observed in both 2019 and the current market, offering an exciting prospect to monitor in the coming months.
As we observe the ever-evolving dynamics of the market, this comparison between the events of 2019 and 2023 serves as a captivating reminder of the intriguing possibilities and patterns that have the potential to shape Bitcoin's journey.
While I cannot predict the future with absolute certainty, my mission here is to empower you with my detailed market analysis and insights.
💛 If you've journeyed this far with me, why not show your support by hitting the ' boost 🚀' button and following my page? And if you're already a subscriber, feel free to share your thoughts in the comment section below.
Do you spot a correlation between these two periods, or do you anticipate a different trajectory?
Always Yours Kateryna 💙💛
Bitcoin on 3h chart by RB Hello dear friends! I'm happy to greet you all!😊
Once again, I disappeared from TV for a few months!😔
Gathering my willpower, I am coming back, trying to stay connected, but my psyche, shattered by the war, adds its own adjustments, and I retreat into myself and disappear again!
I get frustrated with myself, take a deep breath, learn to live with all of this, which is why I am trying to come back and continue seeking inspiration here, on TradingView!
For me, this place has always been a refuge and a source of creative inspiration. I poured my soul into every post and found a response in your hearts!
That's why I'm here again, sharing my thoughts with you!
Let's take a look at the 3h Bitcoin chart - it provides a clearer view of the channel, that the price has been forming since the beginning of 2023 (quite a long period)!
In my humble opinion, it's about time for the price to break out of it! Analyzing the situation, it seems to me, that the price movement indicates a downside breakout with a slight pullback to dynamic support (the lower channel line).
So, in the near future, we might witness the price dropping to the level of 27,800 - 27,500, followed by a minor upward correction, and then a decline to around 26,200, with a subsequent price rise to 27,800, and further decline below 25,000.
Whether my forecast comes true will be revealed over time! Meanwhile, I would be interested to know how you are doing? Any success in trading? Feel free to share your predictions! Waiting for your comments!
Always sincerely yours,
Kateryna♥️