Im seeing people on X calling top on this and NASDAQ:MSTR and its honestly laughable. Suffice to say when i was about a year or two into trading i too called a top on bitcoin due to a daily rsi bearish divergence on a daily, clear as day; and guess what happened, blow off top to 60k. There were bears at 11k too. But this is an onlu up situation especially from...
These are areas of liquidity for a pullback from our current levels. Anything below our first green box is free fall territory imho.
We could easily reach up and touch 106 as well before we see any type of double digit percent move down. Just going to be trading the 10k jumps.
Measured move is seen from cyan blue vert line with labeled red price note- which is also the long term .786 fib extension from wave 1, will link that below
We must be aware of both sides of the coin, though bitcoin seems like were in an only up scenario we must keep track of the liquidity trail we leave behind.
flashcrash warning, good buying opportunity if presented though. long closed at 73. levels are created through the pvsra volume strategy/ theory of orderbook instability
orderbook has instability in level in 15 min tf see chart below
Fibonacci extension from an impulse wave (red). Areas of interest price marked. Expect the top levels to be reached (150k)
Forecasting a pullback to 50k, as i expect the out of the ordinary volume on 08/05/24- 15min, hourly, 4hr, & daily, to gravitate price back towards it; high volume candles are very likely to get backfilled due to orderbook instability- see yellow fib lines for source and measurement. This is not bearish. This is important for bitcoin to conquer this level as she...
The chart illustrates how five key economic indicators—Inflation, 2-Year Bond Yield, Federal Funds Rate, Unemployment Rate, and Recessions—compare across different time periods or economic conditions. 1. Inflation: This line or bar typically shows the rate at which prices for goods and services rise, leading to a decrease in purchasing power. Inflation is crucial...
Chart speaks for itself. Each ticker follow different accumulation distribution cycles. Fib time helps. Wyckoff helps.
A 5th wave up here means sure death. It wont have the legs to move past 100. But never say never so there is a very small chance we can touch 150. Selling in may seems to be the right idea here. Check back in around june for the spring to 150k around election time. Check for elliott wave below
We see rounding capitulation, possibly signalling the first 1/3rd of a cup and handle. If we look in the bottom volume pane we see the point of engulphment; see X (circled blue) STATEMENTS// *DISNEY 1Q REV. $23.55B, EST. $23.8B ( MISS ❌ ) *DISNEY 1Q ADJ EPS $1.22, EST. 99C ( BEAT ✅ ) *DISNEY 1Q DISNEY+ SUBSCRIBERS 149.6M, EST. 151.2M ( MISS ❌ ) *DISNEY SEES...
Sideways with no bounce until spring, then 150k; or heavy whipsaw volatility to kickstart bullrun to 150k? Either way i see BTC at a 6 figure price point later this year. The setup though, is unknown, given my 2 speculations above. Although there was a scare this past wk, btc creen bollinger bands on the weekly have remained in the heavy upward pressure...
Congrats bitcoin holders. Time is the hardest thing to predict, though election time is when i see peak BTC price unfolding. As we break into the bull triangle, we are in a bull parabolic move. Buckle up. See my past charts on btc for a broader view.
As we entered the bull cycle after exiting the red bubble, the clock started. We have measured each bull market gains since the beginning of bitcoin, and the factor is 1.618. Formula is as follows; To find the next number in the pattern, let's examine the relationships between the given numbers: 297 ÷ 183 = 1.626 51.8 ÷ 30.8 = 1.678 10 ÷ 6 = 1.667 1.4 ÷ 0.8...
How is the bull market treating everyone? Not as fast as you might like? I feel you My creentrend pressure script which is free and open source on my page has printed (x) and held that stance for multiple weeks now, making bitcoin have that upward wave. The creen trend pressure signals are (in one part) the relation of price to the upper and lower bollinger...
Do you really think a boeing plane falls apart every day like twitter tells you? Dont you think a company that makes as much as they do would have a trillion dollar r&d team? They are purposfully tanking their own stock. Watch insiders, watch buybacks. Try and get in before them though. Lowest price it'll ever be is now. PVSRA volume bullish engulf on 2...