BTC/SPX broke-out of a weekly supply zone at 8.65 this beautiful monday morning!
Short term, this will at-least go to the next weekly station 30% higher.
Suppose that coincides with SPX to ATH at the YE or in Q1, that would mean a BTC price around 55 to 60, or a 50% upside from here.
Long your longs gentlemen. This is the time to YOLO!
Caution: Convincing...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
2023 JAN
This was my view on bitcoin when 2023 started
and base on the view price do support my anaylasis
also u can see a 100 percent fbi retracement
plus this is my theroy
okay to be honest their would be an election in 2024
so and u all know why btc is used
okay just an theroy
and indeed price do behave according to my view
and price jump from 14L...
#Bitcoin hourly Chart Analysis
MIL:BTC has been moving on #WedgePattern since last one week, after break-out New All Time High of 2023 on 24 Nov. at $38k for the first time.
#BTC now completed the previous pattern on #BroadeningWedge Pattern and Retested again $38k for the second time on 29 Nov. and now started movement on #FallingWedge Pattern.
Which...
turning my prespective to bullish count till the level 36800 is broken which will be the stoploss with a minimum momentum upto the daily high also possible it will for sure break the 38500 level also
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
BTC showing bearishness in Day time frame, now btc creating rising wedge pattern, so iam expecting some bearishness in coming days. expecting it will retest in 31700 level
good risk to rewward prresent in this trade, lets see what happens, short trade in a uptrend price is less probable but huge reward for less risk is present
BTCUSD has bearish wolfewawve and a swap zone above confirming a faleout. Previously it reacted from Small FL and gave 7% fall. now its trap time and will take our alll long buddies out from race.
Target is very huge so it will make few pullback before coming to its final target. evvery FL (BOX will act as support and resistance.
Just have a look what a upside move i am sure most of the trader take after break of box consolidation hope so if yes then you get good move it look like a strength candle most possibly it will go by 40000 in this week
Namaste!
Bitcoin is currently in a medium-term downtrend in weekly charts. Bitcoin has faked-out many bullish people in this daily candle. If 29240 level is broken here, then there will be a massive sell-off, according to my analysis. There is also a news supporting this, "CBDCs could 'kill' case for private cryptocurrencies, says RBI Deputy Governor".
I...
