Bitcoin still trading within channel. Macro doesn't look good. Expecting 20500$ bitcoin sooner then expected.
Bitcoin is gonna see first recession. Expecting it to retrace to crucial support of 6900 $ in near time.
Expecting to open long at 26750$. We will see 30500$ this month as short term correction before moving down further to retest 2022 lows
I am trying to correlate current monthly chart of Btc with weekly chart of BTC when BTC was in bear market after touching 1100$ for first time. I see lot of correlation till now between weekly chart of that period with bear cycle monthly chart. 1100$ Bull Cycle - Weekly chart - took 8 months to reach top after starting of bull cycle 69000$ Bull Cycle - Monthly...
Highlighted the current resistance in above chart. 51500 is a clear resistance. Sell it here and wait for buy opportunity once a candle close above this.
Gaussian channel is acting as resistance now. Expecting it to move to middle line and find temporary support. Expecting it to move to 22k soon.
Bitcoin is currently in 4th wave (correction wave) for the larger 5 wave Bull cycle. Expecting it to retrace to 22k-24k before making a final push to 250k bitcoin
Seems to be bull trap. Don't be part of herd. Watch out for area around 47900 - 48200 You can try catching it at 38k for 5 % profit.
Is the same fractal repeating at the top? Price Target - 40000 - 40500
Look for TP1 - 108000$ around Oct-Nov 2021 Look for TP2 - 260000$ around Oct-Nov 2022
XVG looks dead on 4 hours chart. Target price of 0.053$-0.056$ as per inverse head and shoulder
Expecting Bitcoin to make a move 52k in next days. Xvg expected to test 0.054 $ level. Key Resistance for XVG : Target 1 : 0.0385$ Target 2 : 0.046$ Target : 0.054$ Take profit at each level and wait for retest of this resistance to re-enter again.
Bitcoin rally looks to be exhausted. Repetitive pattern from Wave 1 as highlighted. It is better to take profits at around 48500$ level. It might go all the way to 50k also before reversing or it can catch trader on the wrong foot again by reversing from 49k level itself.
Bitcoin currently hanging in a position where clear path is not visible. Trying to find a trend. Target - 48500-49000$
Next target 34500$ before moving upwards again.
Buy - 36 sats Sell - 170 sats
RSI retesting the resistance in days chart. MA 100 is lingering around on 3 days chart. One more touch is expected to MA 100 to give potential push to 50k. Dump to 33 k is expected. 3 days candle closing today. A quick dump might happen before green week ahead.
Bottom is in near at 79-80 sats