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BTC ride to 350k in 2024The idea is quite simple. BTC is currently building huge intermediary support structures which will serve as buttresses for the future tower reaching as high up as 350k in 2024. Remember, this is crypto, it's gotta end up with a blow off top, which we haven't yet had. The bigger the counterforts (and the ones BTC is currently building are massive. never before seen in its history), the higher the tower. You will recognize each buttress by the fact that it's increasingly steep and leaning towards the body of the next rally. The lower the current correction goes and the longer it will sideways range thereafter, the more time and space it will give the Pi Cycle indicator to reload in order to slingshot the chart to astronomic prices.
BTC RECOVERY - Battle of the bears and bullsThe next few days, weeks even will be very interesting in the crypto space. It will be important for BTC to hold it's support if we want to see an immediate v shape recovery and onwards with the bull run. If it fails to keep this level of support then we may consolidate for a few months before get going.
Reaching Cycle Top (Total-Daily)Looks like this cycles getting close to the top.. will it break the resistance trend? Maybe but I doubt it.
Looks like its going for correction, multiple coins are over extended and overpriced without support.
(I'd buy the dip, Not Financial Advice)
What do you guys think?
CAD/JPY Possible reverse?!The pair is forming a nice double top pattern, after a long and strong positive run. Price is getting its correction, so a negative movement is about to happen. Take your profits at the level of 88.50, or even risk it further to 87.50, which are very strong support/resistance lines
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Good Luck and Good Trades
Broadening Formation?The market is currently bullish, and it continues to be bullish until the market says otherwise.
This idea is not to try to be a fortune teller, telling the market what to do,
but a possible scenario that could happen so if the market is deciding to act on it, we will have it in our mind and follow its bidding to the downside.
The trend is your friend, so keep listening to it...
Ethereum - Looks like topping out 3000 USDHello Traders,
Here we see the 4 hour chart of Etherum. As often, a picture say more than a thoussand words.
We are in the top of the trend channel and the target of 3000 USD is almost reached.
I now expect a pullback because we are on the top of the trend channel, we have the formation of a rising wedge and we see declining volume during the rise.
If the price breaks trough the top of the channel then this should happen with good volume. Again long if best on a retest of the upper trend channel line.