Cryptocurrency
Bitcoin Corrects Over 84% From Major Bullish WavesThe title says it all...
Since many people are saying that the correction is already over or that whatever number is the "for sure" or "confirmed" low...
Let me share with you this chart.
We don't know exactly how far down it can or will go, we just know how Bitcoin behaves after each bullish top.
Over 84% right after 2013 and 2017.
So far we have seen -58% from the last top.
Just saying... There can be more.
Namaste.
BTCUSDT - Next possible move (Bullish Pattern)BTCUSDT is making reverse head and shoulder pattern in daily chart which means if you are hodling BTC can now have huge profit as this pattern is bullish pattern. Albeit, Market is being highly volatile and making unexpected moves in shorter time frames but in long term BTC is still bullish W.R.T. Russia- Ukraine war crisis calms down.
Bitcoin Enters Consolidation Phase (Short-Term 4H TA)We have a bearish bias developing once more short-term.
We have a strong rejection at the ~$45.5K resistance level on 10-Feb.
What follows is a lower high and a break below EMA10.
EMA50 is now being challenged as support and very likely to break.
If the resistance continues to hold, we will see Bitcoin next move to around $40,000 followed by $38K.
You can find additional support levels on the chart.
Namaste.
Weekly BTC-USD(14th February)After two weeks of the continuous rally, BTC took a nosedive in the latter part of the last week and declined by ~1%. On the weekly TF, BTC formed an Inverse Hammer candlestick pattern, which indicates that the market is again in control of bears. As the overall trend is still bearish, the recent positive rally can be considered as a pullback. At the time of writing, BTC is trading slightly above $42,500.
On the Daily TF, BTC has given a breakout from its Descending channel formation and is currently hovering above its major resistance of $40,000 from the last 7-8 days, which mildly depicts that momentum can be shifting towards the bull’s side in the coming days.
On the higher side, BTC is facing stiff resistance in the range of $45,000-$45,500 as it tried to breach this range thrice in the last week but was unsuccessful. However, if we get a decisive breakout from this range in the coming days, the next major hurdle is placed at $47,500 followed by $49,500-%50,000.
On the downside, BTC is witnessing buying strength in the range of $41,500-$42,000 as none of the last 3 daily candles have not closed below $42,000 which is a positive signal, however, if this support range is broken again, BTC can again take a nosedive to the levels of $40,000 followed by $38,500.
Bitcoin vs Cardano, Ethereum, Solana, SPX, NDX & DJI + Altcoins I've been looking at the major US indexes (SPX, DJI & NDX), as well as some of the TOP Altcoins within the cryptocurrency market (Ethereum, Cardano, Solana, Polkador), they are all bearish right now on the major/weekly timeframe.
This week we saw mentions in the "news" about Bitcoin and the S&P 500 Index detaching... Sounds fishy.
Maybe detach over the weekend so we get a surprise dump on Monday...
We have a strong downtrend with Bitcoin since November 10 and we were expecting a bounce and the bounce took place.
Bitcoin set the low at $32,950 and bounced to $45,850, that's 39%, really strong.
This same level where we are seeing a rejection now matches EMA50 and EMA10 (around $44/$45,000).
The weekly candle hasn't close though, it closes in 6 hours from now but the bears are getting the upper hand on this chart.
There is some potential to see the Altcoins growing, the smaller ones, while Bitcoin and the major ones correct but, there is always an initial strong reaction if the big ones drop where everything drops... We just wait, it recovers in a few days.
Stay calm.
Keep a calm mind.
As spring comes (March) everything moves ahead (UP/GREEN!).
Thank you for reading.
Hit LIKE to show your support.
Namaste.
Bitcoin Weekly vs Altcoins, Potential Scenarios, Bottom, New ATHToday is Saturday and we approach the weekly candle close, we can look at multiple scenarios with the highest potential for Bitcoin in the coming days based on what we have today.
Let's get started.
(Read until the end and reply in the comments section with your potential scenarios or future predictions for Bitcoin and the Altcoins market)
Bitcoin Weekly vs Altcoins & More
We have the current candle (-1), and we have 3 candles before this one squared in light blue.
The (-2) candle from 24-Jan. gives us a hammer.
The hammer is a bullish candlestick and here it comes up right at the bottom of a trend, which is perfect because that's when the hammer is most effective.
The next candle (+1) we have a full green candle which confirms the signal given by the hammer; a reversal signal and later with this candle Bitcoin grows.
The current candle is good but the week is yet to close.
If this weekly candle closes above EMA10 ($44,210), we are looking really good and we can say probability favors that Bitcoin will go straight up.
But, if instead this candle closes below EMA10, there can be a drop that can take us to the next low or just a lower high for the bounce to fully show up.
We have many bullish Altcoins and if Bitcoin goes strong bearish they cannot grow.
Maybe we are going to be seeing Bitcoin going straight up or sideways, if it drops but ends at a higher low before growing this would support the Altcoins in their bullish move.
Once Bitcoin reaches the high for the bounce, then everything drops and we get the last low... With this new development in place, from the bottom, we can have some long-term growth...
We have several scenarios to consider but let me leave you with this one... Once spring comes, everything goes up.
It is the season.
Market cycles...
Only after we have a confirmed bottom, I will tell you about the next bullish run.
You are BIG!
YOU DESERVE THE BEST!
You are precious.
You are LIFE itself.
Value yourself...
Love yourself...
Choose to win.
And have some fun.
Namaste.
Bitcoin Cup & Handle Pattern + Name Your Altcoins (TOP 3!)Beautiful weekend my beloved cryptocurrency trader, that is what I seeing these days...
We have the classic Cup & Handle pattern in the Bitcoin chart (BTCUSD 4H) which is considered bullish and comes up after a correction/near support.
With this pattern in place and many Altcoins preparing to go up... We can expect Bitcoin to also jump if we stay above MA200 (now at $40,270).
You can find additional details on the chart.
Visit the "Related ideas" below for many Altcoins that are showing great potential.
Name Your TOP 3 Altcoins
Feel free to leave a comment & hit LIKE, now with your TOP 3/favorite altcoin pairs for me to look at in the coming days.
Thanks for your continued support.
Namaste.
BTC/USD NEOWAVE FORECAST| BITCOINCOINBASE:BTCUSD
Hi Everyone
This is an BTC/usd FORECAST, in our last forecast we predicted a 5th wave and than after that an correction will start.
We said that correction will come in form of ABC and we currently in last wave. Let see where it finishes.
After it and B wave will come. If you want to play correction i will say play one A,C and E wave for good results
Also check out my previous forecast and please share my charts with others, As this will be helpfull for them if they do trading.
Thank You.
Wave Forecast
Bitcoin- Head and Shoulder Patternhi ,
As per weekly chart , bitcoin makes Head and Shoulder pattern and its takes support and Ready to breakout ,
lets see what happen within 15 days we know full picture
Buy - above 51500
SL - 46676
target - 60000
Its a eductional video so try on your risk and comment if u agree and share what u think about that idea ???
Your opinion is also helpful for us .
Voxel BNB under bearish ControlVoxel keeps on falling after it touches BNB(0.0056) in Feb 6 2022. Bear took control after booking the profit at 0.0056 BNB. Now it breaks 1 st support which comes at 0.0043BNB. And after such a huge fall, its in the stage of accumulation,2nd support comes at 0.0039 BNB. If this support also breaks then next support comes at 0.0036BNB.
Voxel game updates: They announced new updates release.