frankebizz

frankebizz

We are clearly at the upper boundery of the longtime uptrend channel. We are in wave 3, so an outbreak could happen. Because of the confluence of market sentiment (Trump, btc acceptence, etc) and top3, we could very well have a strong break out soon. It is important to state that bearish divergence is NOT YET set (on D). Be aware of the risk of a fake...

frankebizz

The chart uses a logarithmic scale to better represent the exponential growth and emphasizes the potential for a new top far above the current trendline. Current cycle top aligns with the accelerating trendline. The previous peaks were approximately: $20 in 2011 $1,200 in 2013 $20,000 in 2017 $69,000 in 2021 Following the curve, the next peak could easily...

frankebizz

i rechecked the graphs. Look how 'perfect' the development through time has been. We draw horizontals, trend lines and channels. There has been many psych barriers, 10k ,50k and now 100k. And.... yeah, all these barriers where broken with the same pattern. I use horizontals - a.o. - to set my trades, but I make my final decisions on this unbelievable perfect...

frankebizz Updated 

Although we could see a draw back to arnd 65k support, btc will see ATH's soon. I predict the end of this bullish cycle arnd 105-115k. Cup&handle formed. No advice, just my believe/interpretation. Due to the power of big players we could see manufactured dips, I'll consider these as false.

frankebizz

We see the same pattern again and again; ready to rally again.

frankebizz

Before the end of 2024 we will reach a new ATH @ around 110k. The next months we will rocket! No advice, just my insights. Good luck!

frankebizz

Interesting confluence 2021/2024 / Weak bearish divergence / zig zag to around 40k / BUY in40-41 zone / new ATH in april No advice, just my view

frankebizz

It looks a perfect head and shoulders is to play out. We are at breaking or confriming point. Let's wait and see.

frankebizz Updated 

History doesn't repeat itself always, but sometimes.... There are many similarities, f.i. rsi development. Let's wait and see. No davice, just my idea.

frankebizz

For now there is bearish divergence and I expect the zone around 40-42k to be retested. soon though we will rocket to 75k. To be safe and sound in the upward trend channel BTC has to stay above 43k JUST MY IDEA, NO ADVICE!

frankebizz

At the moment BTC has to break out above 44500, and stay there, to finally get out of the still excisting down trend channel. We will know soon! For now, it looks like upward chances are eminent.

frankebizz

Similarities are there... but differences too, such as low volumes. That could change, the world is just waiting for a clear signal No advice, just an idea :-0

frankebizz

As you can see we are still not clearly out of the downtrend. BTC has to break into the green zone to show strength. No advice... just my thoughts.

frankebizz

It looks like BTC is forming a bottom whether to stay within the consolidating horizontal, but bearish, flag. If no break out follows - probably to lower levels under continuation of the bearish trend - then we will see another (number of) zig zag(s). As long as we are in the horizontal flag it could go both ways... the flag becomes the bottom or the trigger for...

frankebizz

As you can see - and as predicted in earlier comments - we are in a clear downtrend. Compared with the 2017 correction we could expect either a long(er) lasting sideway trend or a 'get things done' last wave to around 20k support. My research makes me opt for the last scenario. As always: the market decides. This is no advice just my opinion.

frankebizz

The continuation pennant could soon form a bearish triangle... let's get rid of this down trend and test back so we have free space to the next all time highs. Good luck to you all ... I start taking position for a ride up to 35k+ little by little as soon as we have seen 30k bounce off. This is not advice, just sharing of my own strategy.

frankebizz

BTC is forming an bearish pennant... I foresee a further breakdown to - ultimately - 20-22k range

frankebizz Updated 

The ABC became faster true than predicted... main question is now, will it turn into a downtrend or recovery... up to the main players in this market (Tesla as 'pusher' and big wallets). Wait and see... at the moment I only scalp short trades... and buy to HODL for the longterm