Which way bitcoin? Be careful of a wick down to prior low around 61.5-62k. Could be setting up similar pattern to last summer. If 61 doesnt hold, I think the sentiment shifts bearish.
Does it get filled? My guess is not yet. May be a historical bottom tho in March 2023.
Moment of truth. Otherwise, we hit 100 and I think you go all in.
Lets clean this up and move forward/sideways. 2025 will be fun.
Looks pretty good here. Bullish Divergence on Daily and 3 day RSI. Setting up similar patter to the start of the Bull run in late 2019. We shall see. PT still 334k
Let me know your thoughts. Looks ready to run if it can break the descending channel. Lot of historical confluence at 4.66-4.7 which could be strong resistance.
If you look back to the 2018 bear market, you will see a very similar pattern to what we are seeing now. Clear bottoming formation, break of downward sloping resistance, strong Williams Alligator turning bullish, RSI increasing. BUT was turned back twice by the 200 MA! While there is no doubt the PA has been bullish and the chart looks good I just cant flip...
Chart speaks for itself. Still long. We break this channel and we got to 80k very quickly. But obviously a lot of room to fall in this channel.
Not much to say but this structure needs to hold. MACD in jeopardy of a bearish cross but could be a nice BTD opportunity. Still very bullish IMO but the blue sky breakout failed....
Not much to say here. Close to hitting next fib target of macro chart. Safe trading.
This cycle is mirroring the 2016-17 run pretty eerily. If peak to peak is measured (1640 ish bars) we could hit this target EOY. ** Be mindful and greedy if chart decides to try and connect with the 21 weekly EMA, which it did time and time again in the prior bull market.** No one wants to think about it but it makes sense from a TA perspective. RSI is...
Could still see a drop to 25K if the triangle breaks but for now the bulls have held strong. Bullish hidden divergence on the 4hr. Volume analysis is bullish. 50k target. If that breaks on volume next stop is 63k. Happy trading all
Break of the top channel send this to 500-600.
Hidden bullish divergence on RSI 4hr. Last time there was bearish. Could be a bull trap only to retrace to 41-42k area but... hard to find a reason to take bearish stance. Happy trading.
With the double bottom W able to break up and form new higher highs it seems the ABC correction "could be over" (highly probable it is not). Catalysts could be PAYPAL earnings today AMC and the Microstrategy CEO summit on Bitcoin could propel this much higher. Above is my mid term targets if this rally sees a continuation to the upside. Its hard to bet against...
Its in a multi year cup and handle. When its time comes it will be a strong move. All about earnings. It keeps allowing time to accumulate. ** Note hidden bullish divergence on the 4hr and 1day.**