electron_ranger

electron_ranger

Spotted a long-term inverted head & shoulders pattern forming over a 7–8 month stretch on Bitcoin — much more reliable than short-term setups. If this bullish structure plays out, we could be looking at a breakout that pushes BTC firmly into price discovery. I’ve included local Fibonacci levels on the chart, though I couldn’t fit the macro one (going from $4k →...

electron_ranger

Spotted a long-term inverted head & shoulders pattern forming over a 7–8 month stretch on Bitcoin — much more reliable than short-term setups. If this bullish structure plays out, we could be looking at a breakout that pushes BTC firmly into price discovery. I’ve included local Fibonacci levels on the chart, though I couldn’t fit the macro one (going from $4k →...

electron_ranger

My prediction: Next action will be a dip to $60170 Then alt season while Bitcoin stabilizes leading up to the halving and for a few weeks after. This summer Bitcoin will hit $87140 Then the target of $118,000 by year end Looks like $184,000 in first half of 2025.

electron_ranger

The 0.618 of the fib speed resistance fan is huge support for BTC. A bounce from this price area would also be a double-bottom at the .382 of the trend-based fib extension. If it bounces here, Bitcoin will retest the 0.618 of the trend-based fib extension. The blue line is just my guesstimate based on the fibs, trendlines, and current positive momentum towards...

electron_ranger Updated 

Notice the fib speed resistance fan which is established by the low of the previous cycle and high of the next cycle. Sometimes price action will respond to these and sometimes it does not. In this case BTC:USDT has reacted to the fan often and so the price could be headed for the .618 line again. It would find huge support there. I've also added a trend-based...

electron_ranger

Chart says it all. Good luck!

electron_ranger

Potential path for BITCOIN to continue its uptrend.

electron_ranger

Did I make this right? any feedback appreciated!