The_Mummy

The_Mummy

Very easy. Nothing complicated. Bitcoin broke out of the downward trend resistance and has now broken the W pattern for multiple days. 78k might give some resistance. But maybe not, and fomo goes directly to 120k

The_Mummy

Does this Look like a reversal pattern to you? This is packs G gold against bitcoin. Typically does the exact opposite of what bitcoin is doing so if this is going down because he’s going up US dollar does this look like it’s about to reverse to you?

The_Mummy

Many Traders have attempted to to compare previous halving cycles with the current Halving cycle coming up in April this year. considering that there as only been three previous halvings - the first one back in 2012 which does not give us any very useful data or information, so then there’s really only two Halvings that give us any useful information, the last...

The_Mummy

Hmmmm... So here we can see declining volume across all exchanges, AND bullish divergence on the RSI so are we having peanuts for dinner or mushrooms? Oh and massive OTC buying increasing every day from ETF purchaes. I predict lowest we will see is 38k maybe not even that and massive short squeeze of all the short lunatics.

The_Mummy

Everyone is so bearish even though the ETF companies are buying tens of thousands of bitcoin daily. Now there is a small hope of bullish divergence on 4hr We wait to see if 40k breaks If not then bitcoin may trade sideways for some time

The_Mummy

If Bitcoin sees an ETF approval pump to 50k, the price could then have a sell off down to previous important support around 42k. The would then form a massive weekly cup & handle, which if broken to the upside would point to 80k. Enjoy 2024, peace and love to all the OG Bitcoiners.

The_Mummy

Looking at the general bullishness and the big W formation. The target is 46.7k Enjoy. You to Mr. peanut brain.

The_Mummy

Bitcoin flaggin it up again. If we break, it points to 39k. My previous target of 37k is based on fibs and previous cup handle on my previous posts. So lets see, 37k first and consolidation or direct to 39k.? What do YOU think.....?

The_Mummy

Our analysis indicated that RSI may well continue up beyond the 80 levels (weekly rsi) If this happens, most likely Bitcoin will go back up "the way it came down", i.e. the last high before the bear phase began was the 46k level. So does bitcoin continue up to 46k before a major pullback?.... what do you think?

The_Mummy

It looks like Bitcoin is about to break upwards out of this triangle. The target is around 33k. This is also the same target from the huge multi month cup and handle marked in yellow.

The_Mummy

The RSI back in Nov 2022, dropped to sub 30. After re-testing the 50 level it was rejected. After bouncing from support the next time it crossed 50 there was a massive pump. Enjoy. leave a comment

The_Mummy

The classic phrase “price goes back up the way it went down” appear to be playing out. Also a massive cup and extended handle. All point to 47k I am the only analyst who tells the truth. Enjoy.

The_Mummy

Everyone is bearish right now for bitcoin, even though th reality is that there is very strong support at the 26k to 25k level. Also bullish divergence is appearing in the daily rsi. Most probably the price will go sideways creating stronger bullish divergence until mid September when break upwards will happen. Dollar weakness will probably initiate this.

The_Mummy

We can see here back on the 16th of June, GBTC strongly broke upwards out of the descending pattern. BTCUSD followed over the next days. Could this current strong breakout of the descending trendline for GBTC, be a leading indicator of another big move upwards for BTCUSD ? What do you think?

The_Mummy

After a pullback PEPE looks bullish again. How high can it go? Meme coins can get massive FOMO pumps in the holiday season- so could June/July give PEPE. a blow off top? Maybe… We think massive upside possible

The_Mummy

Bitcoin has clearly bounced hard from the long term sloping resistance coming from the ATH. Also the 200 day MA. And 200 week MA. Now we are about to close the highest daily candle during the bear market making a very clear higher high. Enjoy 40k. Maybe the bank run is to buy bitcoin.

The_Mummy

We all know that Elon has a peanut sized brain. But even he owns some bitcoin. Of course he sold most of it at crazy low prices to fund his toy car business. Bitcoin will have the most epic face melting rally at some point. The 100th monkey effect: After 100 monkeys in one group learned a new behaviour - suddenly ALL the monkey on a separate island began to show...

The_Mummy

All indications imply another leg up for Bitcoin. 25k, 28k and 30k are all very possible before a major pullback. Let’s see. Again I remind folks that Bitcoin has ZERO correlation to any stocks. Any correlation is merely coincidence. Bitcoin is the first publicly owned financial network.