ThousandDollarBitcoin

ThousandDollarBitcoin

Recent price action has been bullish, but we are also "magnetized" to the psychologically significant big even of $60,000. This could result in a high volatility uptrend to break above $65,000 before breaking below $60,000

ThousandDollarBitcoin

Now that we've touched $60,000 I expect price to linger at this level with enough volatility to shake out longs and shorts accumulated at this level by repeatedly breaking the highs and lows, but without getting too far away from $60,000

ThousandDollarBitcoin

I think we will bounce once more on $60,000 to form a bear flag, before dropping to break support levels at $55,555 and $50,000. I'm using a fractal of similar bearish activity, but the last break through $50,000 is likely to take a little longer than the fractal suggests.

ThousandDollarBitcoin

Price has bounced on $60,000, so I think we will oscillate here to form a bear flag, before dropping lower to reach the next demand zone. The bounce from $54,000 should provide a great trade opportunity as it returns to the big even at $60,000, before dropping back down for a retest of $54,000.

ThousandDollarBitcoin

Now that price has returned to the previous range, I expect the limits to be broken down, then up, without breaching the support/resistance zone on the other side. We might then be ready to drop to find support at the next demand zone, providing a bounce to return to the current level, which appears to be an equilibrium point for now.

ThousandDollarBitcoin

This is a minor update to my previous forecast. I'm modeling the arrow path from the blue fractal, which shows a period of high volatility followed by a short squeeze. The fractal is placed with the x axis aligned with the recent drop, and the y axis aligned with a break of 67K after the period of volatility. This indicates that we will return to the mean first,...

ThousandDollarBitcoin

Price has broken to a third LL as we begin the new month. I'm expecting some ranging volatility at this level to shake out the liquidity, before a retest of the previous HH at $66,666.

ThousandDollarBitcoin

The basis of this forecast is my idea that price is likely to break FWB:67K around the end of the month. The prediction then answers when and how. I think we will oscillate within the range first, before gradually climbing to break FWB:67K as September ends.

ThousandDollarBitcoin

I think we're likely to see some liquidity hunting as the market remains undecided approaching the end of the month. We could see multiple breaks above and below the range to access the liquidity pools that have accumulated there. Once we're a few days into the new month we should find support around the middle of the range before continuing the uptrend.

ThousandDollarBitcoin

Price is lingering while being overextended. This could result in a volatile uptrend that posts higher highs and higher lows while also experiencing unusually high volatility.

ThousandDollarBitcoin

Price is lingering at low volume after an impulse wave. That suggests that the market is undecided again, so we could see another megaphone. I think we'll get one more failed breakout attempt before price drops to retest the 50% of the impulse (blue fib). I'm then expecting for a spike to catch out any shorts before dropping down to break the previous LL.

ThousandDollarBitcoin

Price dropped as forecast, but not very far and under low volume, so it looks like there could be room for one last short squeeze. The next liquidity target is the big even above $66,666 at $67,000. We might only see a wick to that level, or we could linger, but I think the drop after that will be steep.

ThousandDollarBitcoin

I'm now deviating from my previous forecasts. I think we may be about to drop straight through the previous range not that we've reached the liquidity above 66K

ThousandDollarBitcoin

Price has broken out and held above the range, which I think has created the conditions for 2 additional higher highs to breach the liquidity pool above $66K. Following the first HH, price should find support at the mid-line of the range. The second HH should then correct to the bottom of the range at the end of the month.

ThousandDollarBitcoin

Price broke higher than I expected, but I'm still seeing a lot of indecision. I think we will retest the bottom of the old range before breaking to a higher high. This will squeeze the range as we head towards the end of the month, eventually resulting in a correction to $61,666 in October

ThousandDollarBitcoin

The lack of volume and failure to break GETTEX:64K on this recent bounce suggest that the range could be ready to break downward. The market is still very undecided so I think we will bounce straight back up to touch the mid point of the range.

ThousandDollarBitcoin Updated 

My last two forecasts have been relatively accurate, it looks like we might be forming a megaphone as expected, but the targets and timing are now slightly different. I think we will continue to oscillate within the range, breaking below and above to squeeze longs and shorts, before settling at about $61,000 at the end of the month

ThousandDollarBitcoin

Yesterday's forecast has been accurate so far, but I'm no longer sure that we will reach a higher high today, but may instead drop to a lower low first. The same principle of tightening leverage above and below the range could cause liquidity hunting in both directions to briefly break below and above the range.