Not much to elaborate on here.
The weekly MACD and RSI show we’ve hit bottom or are very near it. The daily MACD and RSI concur telling there will be a significant change in market sentiment in the near future.
We’re apparently bouncing directly off an ascending support for a third time, a support that has only ever been touched immediately prior to every bull...
Not much to elaborate on here.
The weekly MACD & RSI show we’ve either hit bottom or are very near it. Daily MACD & RSI also tell there will be a significant turn in market sentiment in the near future.
We’re apparently bouncing off an ascending support line that has only ever been touched immediately prior to every bull run thats occurred in the past.
Need...
In my last post, I predicted BTC would find support around 42k within this ascending support/resistance range before going long again.
You can see this playing out to the T, and I believe BTC will reach 50k - 52k this coming week. With this playing out, we can expect a slight pull back to 48k before breaking past the ascending resistance line.
Keep in mind BTC...
Ive posted before about the historical significance of the range BTC is currently in. Im still confident the downtrend is over, and what were seeing now is just minor consolidation after such a long spike.
I expect BTC to go no lower than 42k before going long again, and in the worst case, BTC should still remain above 40k. The daily RSI supports this theory....
I posted this chart around a week ago showing a major support line that has only been broken once since Bitcoin was $100.
You can see the price is continuing to fluctuate perfectly within the range between this support and a formed resistance.
I suspect BTC will find support around $44,000 before beginning another spike to the upside. I also believe we will...
Bitcoin has reached a significant support that has only been broken once (when the covid pandemic started) ever since BTC was $100. Even when the support was broken during the covid crash, it rebounded as fast as it dropped.
Every time bitcoin reached this support, it signaled an end to a downtrend and a start to a significant uptrend.
I don’t know how to...
If you’re a big believer that bitcoins past performance can be used as a template for future performance then continue reading. Otherwise, this prediction will be a waste of your time.
You can see BTC hit an all time high end of 2017 and neared it in 2019 after a significant down trend.
Consider the significantly larger adoption now compared to then with...
As you can see on the weekly chart, BTC has reached a major historical support range. Furthermore, BTC can be seen forming a rising channel on the daily chart. Therefore, I expect BTC to remain in an uptrend within the rising channel or possibly breakout to the upside. Let me know what you think!
