Comparing those 2 patterns I knew that this looked familiar, didn want to post it first because its not that obvious, but when you look at the date...well the left one was BTCUSD exactly one year ago ! This said, the whole figure makes so much sense. ALSO, didn put the picture but this pattern was there 2 years ago (from november to january 2022) and resulted on...
Not the first time I show up this one, So, we're still following this mega structure but with tinier scales - Green ellipse : We can start this fractal from the approval of the BTC ETF that happened the 10th January then BTC went ~20% down, followed by a ~100% move till the 10th March, 2 months ride The same happened end august 2020, btc went ~20% down,...
Lows & Highs are not necessarily showed well here This chart just explaining : red till wednesday super green after (?)
I think we will be pretty chill now for at least the next 6 months, based of the precedent moves in 2020 & 2016 took some profits (again) and will refill for each fib time for some sun and vacations now here in northern hemisphere ;)
I said 2 things earlier but I changed my mind a bit - the first thing was that I wanted to wait on Monday to do a new post because of the geopolitical situation and the halving, what happened last night convinced me that the floor was here (of course I can be 100% wrong) - second thing is that from my last post, I said we could chill some months because nothing...
Previously attempt has failed so im gonna try this one in a bigger picture we are currently sitting on the daily 100 MA and an Inv H&S is in the making, if we go above 63K I think it will be in play target same as before ATH+++ if we break 100 MA Daily, 60k if we break 60K, 55555 for the fun then prob 50k cheers and good luck
The precedent forecast has worked like a charm even if I almost lost faith with that bear trap Inv H&S With left shoulders ~129 days Head is 84 days (150% is 126 days so kinda harmonic lol) All that delimited buy touching 200 MA 1H ! there is a downward momentum at the moment on BTC, If we take another 129 days like shown on the graph, from early May, 200MA 1H...
I like how sometimes it feels like coincidences are not really coincidences and I like the way I'm making forecasts based on those details BTC broke daily 100 MA on the 16th of October 2023, 99 Days later it touched it and bounced for another wave up, on the 23rd of January 2024. We are at day 98 from 23rd January and it looks like BTC will touch again daily...
not sure about this one but as always im giving it a try, I think we gonna reach 55k then take a long break till fall/winter 2024 I decided to do a bit different and to put the 0.236 fib at 25k, from ~15k5 to find this 55k high Also same pattern as early 2023, following the pattern, BTC might do a pullback to ~46k5 Sry if the chart looks a bit messy Cheers ~
I'm now following the 20% "rules" BTC was doing past years (red circles) and will refill a lot each time BTC drop 20%, ~36K for this one, around 0.786 fib Arrows are not related with time Cheers
Pattern recognition already worked a lot on that asset. so, as already mentioned on my BTC analysis I think we will see more lows According to this chart dump should start tomorrow, a Monday, its also on that day that XRP started to dump early November, and we could see 0.5 this week I can be totally wrong but I give it a try TP: O.5 any invalidation of this...
TP1 from our last idea reached, TP2 soon ? Higher high etc etc we want to be sure that that grey rectangle is now a strong support I updated my fibonacci but im not totally sure the wave is totally finished
TP1: 35K TP2: 40K I'll just follow the arrows and fibs Arrows are not related with time We want to avoid H&S formation
3 lil shorts opened - TP at 0.786 fib - TP at 200 daily MA - TP at 0.618 fib I'm still bullish for Long term, but we need some weeks/months of rest Check July/august 2015 and 2019 for an idea on what can happen Check the first part of this analysis I posted 1 month ago
BTC did a very nice rebound from this 0.618 fib - breaking 200MA 4H - making a higher high those 25K constitues a great support also because of the double top that happened before at this level. Whats next ? - I don't expect BTC to go under this fib for the next weeks, maybe a retest of 200MA 1D tho - My theory since several posts is that we pass this blue...
3 days ago BTC hit 200 weekly MA @ 25k I'm concentrating now my view on the 31k mark, which represents the 1.618 fib of this precedent move AND a big support zone from the retracement from May-July 2021 From here we can see 2 possible ways : - A breakout of the weekly 200 MA (25K) and a move up as fast as the precedent one to 31k, to maybe meets the line of the...
Exactly as the last time, im going to refill at the fibo retracement lines (already did for the 0.786) - watch out for the weekly 200MA at ~25800 - watch out for the daily 200MA at 0.382 fibo ~21400, note that the last time, BTC went up from those numbers (10th March) - IMO we're not gonna see 31K again before crossing this upper channel line, the purple area Cheers
Very nice bounce from daily 200 MA What I expect : - A test of the 31k EOY/early 2024 (but things are getting pretty fast to be honest) - at some point, the upper line of the channel we are in will be tested, probably at the 25k, where the circle is, I expect a break out of this line - I expect BTC to stay between 19k (I would like 18 for a good refill) and 25k...