RhinoAkaBear

RhinoAkaBear

After 70 days since reaching the highest price in the last 38 years and a sharp rejection, the market continued to exhibit a strong bearish trend. However, we are beginning to see early signs of a potential reversal, and the daily bullish divergence supports the idea of a pullback and possible recovery. Nevertheless, key levels need to be broken for this scenario...

RhinoAkaBear

Gold is currently in the peak phase of a major impulsive wave within this cycle, showing no signs of weakness in the short term. The price continues to exhibit a strong upward trend, moving within a clear technical structure. It is important to note that this analysis does not focus on the specific time period but rather on the trend and cycle. This approach...

RhinoAkaBear

The chart highlights Bitcoin's movement within a well-defined channel that has been in place since March 14th, lasting 166 days. The market is approaching critical levels that could dictate the next major move. Bullish Breakout: A confirmed breakout above the green resistance line, with a sustained price above $69,690 for two to three daily closes, could lead...

RhinoAkaBear

38.4k or 41.4k Should be top Retest: 31.3-28.6k ( Support,Fib level,Trendline) So strong bounce from there TO THE ALL TIME HIGH!!!!

RhinoAkaBear

First resistance is 12.69 and last resistance and confirmation for new high is 16.7 or something around that. Lets see how it will goo. I prefer to see this kind of structure after masive pump usually we get corrective down with 3 legs and once we break that 3 legs diagonal resistance usually we made another small corrective moves of that breakout of trendline...

RhinoAkaBear

This scenario for me maybe make most the sense in the current market condition. Short term probably we are around the top and 28.5-29k we should get rejection and then to reach something between 25-24k and from there to start final pump to 39-41.5k and from there to make the new low.

RhinoAkaBear

This is case if we lose 15.5k and final target would be between 11.5k - 9k

RhinoAkaBear

This is mega bullish scenario in the case if hold 25k and just fly upwards. Also possible to reach 29k and then to retest 24k and then fly to 40k+ Or directly push upwards to 33-35k and then some triangle or some kind of range and then to 40k. Whatever something like this is what i will expect if the market is that Mega bullish.

RhinoAkaBear

Good Area for looking to long or buy on the spot would be something between 18500-17500 21600 TP 1 Biggest resistance for me 28000 TP 2 29500 TP 3 31470 TP 4

RhinoAkaBear

Invalidation for this scenario: Once we reach 18k zone and bounce back above 21.8k that would be confirmation for that this count is invalided. Final target for this count is something around 8k

RhinoAkaBear

Till btc holding above 23k that would be bullish for me. If we lose 23k its heading sub 22k and that would be just first strike of main top. But lets focus on bullish count as we are still holding 23k I expect in next 24-36h to see some explosion in any direction for me personaly it have more chance for pump. So in next 36h i expect to see atleast 1-2k pump from...

RhinoAkaBear

Till btc holding above 23k that would be bullish for me. If we lose 23k its heading sub 22k and that would be just first strike of main top. But lets focus on bullish count as we are still holding 23k I expect in next 24-36h to see some explosion in any direction for me personaly it have more chance for pump. So in next 36h i expect to see atleast 1-2k pump...

RhinoAkaBear

Slowly road into 30k area. Now in progress first big implusive movment from the bottom. This movment we waited for long time. Finnaly get it.

RhinoAkaBear

Algousdt: Description: It made small breakout but without any confirmation about it. We just got 2 candlestick clsoed above it which is not enought and also there is some diagonal resistance trendline from which one we got rejection and rejected down to retest breakout level. For now i can't say anything with ambitions about algo. If we hold this level next...

RhinoAkaBear

Update for Market Statment: Bearish Confirmation: 45.5k Bearish Invalidation: 52130$ Bullish Confirmation: 52130$ Bullish Invalidation: 45.5k For me market structure is still showing weakness and there is not yet any clean bullish breakout.In that case untill we don't break 52130$ i will looking for pullback to catch short entry. For me crucial zone would be...

RhinoAkaBear

Subwave 4 in progress. Mini subwave B should start and bounce around 93.5-94 area after that we can expect another leg down into 81.5$ and then another push/pump upwards into 108$ area.

RhinoAkaBear

Capitulation or big pump that is question of 1milion dollar..i will give the market time to make it little cleaner so after that i will take decision should i jump into long or short.

RhinoAkaBear

Only Bearish scenario from this area would be if btc breakdown below 45.5k in that case that would be confirmation this pump was sub wave 2 of wave 2 from last wave 5 down. That would be road to 38050 - 35.5k Confirmation for bears: 45.5k Invalidation level: 55.6k First crucial take profit level for bulls: 50.5k 2nd take profit level for bulls: 53.8k