Bitcoin Blueprint 2024Unpopular opinion: I don't think BTC is going straight to new ATH.
A good shakeout remains ahead. A combination of price and time capitulation.
After great introspection, I believe that Bitcoin will range till September this year and will begin it's parabolic expansion in that month.
Previous ATH should be tested in the month of Nov/Dec, if this manifests.
Halving in April will get a lot of attention but price doesn't move until 2-3 months later.
Don't get liquidated trading the chop. Find new narratives and play select alts.
God Speed.
1-BTCUSD
BITCOIN :- Resistance, Testing, and short Key Points:
Bitcoin currently hovers around $40,900, sitting on the lower edge of a sideways trading channel.
A confirmed channel break with strong volume could lead to a retest of $30,391 (previous breakout level).
Wait for price action to consolidate and confirm support at $30,400 before considering long positions.
Technical Analysis:
The price resides at the channel's support zone, testing its validity.
A breakdown through $40,900 with increasing volume signifies bearish continuation.
The RSI remains neutral, offering inconclusive momentum signals.
Strategy:
Neutral:
Observe price action at $40,900.
If a clean break with volume occurs, wait for confirmation of support at $30,400 before entering long positions.
Alternatively, a bounce off $40,900 with rising volume could indicate a potential trend reversal, warranting further observation.
Risk Management:
Prioritize risk management with well-placed stop-loss orders.
Adjust your strategy based on confirmed price action and volume patterns.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice.
Conduct your own thorough research before making any investment decisions
LONG ON BTC- from 40687, Due to accumulation of H&S PatternWe are looking to Buy BTC/USD from 40687 for a target of 44167 in a medium term range for a Leg Up Completion. Gold is also bearish, this will help market put more demand on Cryptos. Stops should be below 39500. Wish you a best of luck and happy Monday
Before $300,000 - $500,000 Bitcoin Hits $20,000 to $11,300...It has come to my attention that some of the new readers and beginners are a bit confused... This is normal, do not worry...
I am here for you.
I reply to all comments and take care of everybody.
Those positive, those negative and those in between.
Now, to start, just keep in mind that it is normal to be confused if you are just getting started or haven't been around long enough.
What I do here is read charts, I share my opinion of what is going on with the charts.
Below you have everything in a nutshell.
Bitcoin LONG-TERM VIEW
We believe that Bitcoin will hit $300,000 to $500,00 within 3-5 years.
Before Bitcoin hits $300/$500K, it will hit a new low first around $20,000 to $11,300.
That's all, pretty simple.
Now, this is only our view and it can be right or wrong...
What happens if I am wrong?
Nothing really, life goes on.
What happens if I am right?
Nothing really, just no surprise.
This is just my view, you can easily share yours.
We have here on Trading View over 30,000,000 traders according to the statistics on the front page, I am just one (1) of those.
You can browse around, there will be many opinions...
Who will you trust?
Me, the trolls, other traders?
I say you trust yourself.
Do your own research.
Practice, study and only decide based on your results.
If you have doubts or still feel confused, just leave a comment and I will do my best to lend my support...
We focus on the Altcoins though.
Now, the low can happen in a few days or a few weeks or a few months....
We are not predicting the time, we are sharing our general long-term view.
Is this clear enough for you?
I really hope so...
Thanks again for your time and reading.
Remember that you can always leave a comment with your questions...
I am here for you.
Thanks a lot for the continued support.
Namaste.
Today BTC will be Bearish or Bullish After 42900 and 42600Today BTC will be Bearish or Bullish After 42900 and 42600 because see the chart market making a channel with taking so much time of weekend and it all work after when new year party will be end and trading volume is coming to btc so market so in a single direction.........#btc
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Precisely predicted $43,145 support test, bearish engulfing on 1D and 4H from Sat played out as expected. Currently struggling to gain string support at $43,145. RSI on 4h and 1d looks fine. $43,868-$44,174 resistance area to watch for breakout, $42,070 next key support
Bitcoin/ Btc USDT Swing Long Setup - Bitcoin is currently trading at a crucial supply
- Bitcoin if this continues where we eq highs and higher lows we can soon expect a huge leap
- I still stick to my target of BTC mitigating 48k first post that we might see a retracement
- Support 40,800$-41,500$
- Resistance - 44,000-45,000$
Ethereum (#Ethereum) tests its long-term trendline support When Ethereum (#Ethereum) tests its long-term trendline support, it often sparks a significant upward market movement, known as a bull rally.
#Pattern_Recognition: Ethereum (#Ethereum) has shown a recurring pattern where testing its long-term trendline support has resulted in substantial bull rallies.
#Historical_Timing: Notably, each of these support tests has historically occurred in the month of January.
#Projection_for_2024: If the historical trend continues, there's a possibility of witnessing a similar upward market movement or bull rally in January 2024, following the long-term trendline support test.
The Bitcoin Charts Of 2020 And 2023Crypto Analyst Reveals Uncanny Similarities In The Bitcoin Charts Of 2020 And 2023
A crypto analyst has revealed what seems to be one of the most uncanny similarities in two separate Bitcoin charts. The two charts taken from 2020 and 2023 show a very similar price trend, and the most important part is what happens if Bitcoin continues to follow this trend.
What Happens If This Trend Continues?
If the historical performance of Bitcoin back in 2020 is repeating itself once more, then it is very bullish for the price. This is because 2020 is actually the year the last bull run began. From December 2020, going into the year 2021, the Bitcoin price would rise continuously to beat its previous all-time high set in 2018.