ImThour

ImThour Updated 

Hey Everyone, So I found something (I am sure most of you already know) that everytime BTC went below 1 Week 50 MA, it retested the 1W 200 MA. What are your thoughts about this? Will this year be an exception? Let me know in the comments! Cheers.

ImThour

Yesterday, I posted this idea where I told that BTC retests 200MA every time it goes below 50MA. I didn't took Time into consideration for the fall and price target was $19k. After adding time consideration, the price target comes to $24k. In short, the more time it takes, the higher the price target will be.

ImThour

Once this (c) part is executed properly, we will see a huge rally in Bitcoin price till 2024 where there is BTC halving. I think this is going to be the next big part in the history of BTC. I am not a bull, nor a bear however I can see Elliot Wave being executed on the charts since 2011.

ImThour

BTC recently completed it's 5th move on the Elliot Wave. The next thing that is coming for BTC is the sharp down trend A,B,C before another rally. Share your thoughts on this. Cheers!

ImThour

Since 2011, BTC never closed below it's major support even after retesting it. I know it's still 6 days and 12 hours left for it to close but I am thinking about the consequence of this. :) Let's see how it goes, I am bearish.

ImThour

This is how the Psychology of Market works every single time. I expect this is being played on ETH in the crypto market. Let's see if I am wrong or right :)

ImThour

Two Realistic Scenarios for BTC (By @ImThour) 1. (Green) - Retest Support Trendline at $20k - Move towards the Resistance Trendline at $160k 2. (Red) - Retest Support Trendline at $20k - Fall back Towards Previous Resistance Trendline at $6k Let's see how it plays out. Good Luck!

ImThour

Using the Multitime Frame Stoch, you can see how it plays between the Monthly and Weekly time frames. It has to come down to the $10k levels before going up. I strongly believe BTC will cross above $100k but not before going back to $10k. Let's see how it executes in the upcoming months.

ImThour

ETH Repeating History (By @ImThour) Case 1 (1st Jan 2018-1st Dec 2018) 1. ETH falls 94% down from ATH 2. Stochastic Starts Falling Down 3. Retested 20 EMA Before Falling Case 2 (1st Nov 2021) 1. ETH falls 52% down from ATH 2. Stochastic Starts Falling Down 3. Retested 20 EMA Before Falling

ImThour

Case 1 (01/12/17-01/12/18) 1. BTC falls 84% down from ATH 2. Stochastic Starts Falling Down 3. Last Green Candle on Histogram 4. MACD Crossover Case 2 (01/04/21) 1. Everything is exactly similar to previous case. 2. Stochastic Starts Falling Down 3. Last Green Candle on Histogram 4. MACD Crossover Good Luck.

ImThour

0.382 on a Fib retracement is a really cool levels to expect a price reversal. ETH Price reversal is bound to happen at the same levels and the price at that time will be $2100 which is 25% down from current price. Let's see how it plays out. Take care.

ImThour

0.382 on a Fib retracement is a really cool levels to expect a price reversal. BTC Price reversal is bound to happen at the same levels and the price at that time will be $31k which is 11% down from current price. Let's see how it plays out. Take care.

ImThour

This is the best spot to Long/Buy ETH. 1. 0.382 is a reversal zone 2. Stochastic in red (oversold) 3. Way below 100 EMA Good Luck! :D

ImThour

This is what is going to happen with ETH in the next coming weeks. My target: $6000+ Good Luck!

ImThour

You can clearly see there is a similar pattern in BTC chart. Green box works as a support, Red works as a resistance. And it will always make a Higher low. Next Target: $80k.

ImThour

BTC is currently on the support level which it had to come before going up or down. I think we might go below the support line towards 34k before going back to 60ks. Let's see how it plays.

ImThour

I have spotted Hidden Bullish Divergence on Weekly of LINK. That means, we can target LINK to previous ATH. Let's see how it plays.

ImThour

Hey, A quick BTC prediction for upcoming months. I have set two trend lines and If BTC doesn't respect the first, we can see Scenario 2 happening really soon. However, If it does, we will bounce back to our Scenario 1 of ATH at $69-$72k. Let me know what do you think about it. You can follow for more Predictions and analysis.