I am looking at this unfolding. An A,B,C wave up. Most of the people commenting we are going down are trolls or uneducated. Just look at where we came from not to long ago at 13k so how is 40k a bear run, LOL. It is important to understand that reading different time charts is required to understand where we are going with price action. to find out where we are...
Right now we are watching a W formation one the 4 hour , Next we should see two 5 waves up to about 65k. As of time of this post I do not thing the pull back is done. I would like to see 41.2K as a bottom before the right side of W finish. Then we know we will have a strong bull bun, anything less and the bull run might not be as fast as some are saying.
With in 15 hours we need to see a good pull back to 41k area, then a nice 5 steps up for a strong bull run. News on fed rate will not affect price IMO. Everything is pointing to a good start to the bull run. 65K to 75K mid summer 2024 and 89K by end of November 2024. is my bull run perdition. If we do not pull back to 41k then the bull run may get delayed as that...
I think we have a 3rd move up to $37k, Looking at the 4-hour chart, you can see 2 almost identical legs up, I think we on now on a 3rd and final leg up to $37k, I then think MM will pull down to retest support at 35K to as low as 30K before going back up to HKEX:40 in the fall and then flat. January rally to soon to see as we officially enter the 4-year bull run...
Bull Flag made and pins started, need to see one more pin to confirm this, Then I see 45K as a top of this run before a support confirmation later, If we do not see the 3rd pin form then this could be traping more longs and then down we go. BTC has been all over the place so we have to keep our eyes on the news and charts every 4 hours, I Love seeing the...
I think the pattern speaks for itself, I do think we retest support at about 27800-2800, and then up we go, the next support will be 30k ish, We should see 40K to 45k in the next coming months.
I have my support lv in to see what direction BTC will go, will we dip to 25k or pump to 30k 35k? Time will tell and it looks like it's heading down, but this could be a fake move. Smart money waist for it and yet scared money can't make profits sitting stable. I am going to wait to see what support holds or fails. God speed.
In yellow I have put what I think BTC will follow, my prediction of the 55 EMA Last week of April up to $28500 then down to FWB:25K for support, then rally to $35k by mid-end June, then a flat week to follow into July, anything past that is luck but I see the bull run starting this summer, BTC Halving events at end of 2023 and 4-year cycles are all in play to...
What this MM move today, fake move Monday for a bounce to 27900-31000
Do not fall for the trap of Market makers, BTC short trap will form in the midst of a double bottom before we head up. NO, we should not fall to 26500, I see some YT people saying that but it's fake news, it will be a MM massive fail if we do and could send people into a very dangerous second sell-off due to lack of trust and they do not want that, but that's so...
I think we are still on target Like I said, Monday it will bounce as we see the W form for the bull run up to $45k+ this summer. I do think by year-end we see 70k-80k mostly due to world markets crashing, housing markets crashing soon, and the economics of the world pushing uncertainty making BTC a safe haven for money as more and more of the world jumps on board...
I am predicting a bounce at 5am NY USA time for BTC, on Monday the 24th. This is not financial advice. just my thoughts. Be safe and never invest more than you can afford to lose. Monday I will add a few BTC, God speed everyone.
support line $27900 to $28500, then next 60 days hits $40k regardless, $50k is max by end June, correction in July to $35K then Moon shot to $70K by DEC 2023- Jan 2024.
If you follow trading light, you can see the orders placed and we know BTC will go down to 28000 and some good orders in the $27900 range, so Market Maker will go pick them up, but then I think we get a week or two sideways before up to $40k this summer. I see the finish of the head of head and shoulder pattern. Time will tell not much news this week to go off of,...