If I was asked to display the long term price action on a chart as simple as possible this is what I would show them. Using the fractals from rock bottoms of 2015 & 2018 to the tippy tops of 2017 & 2021. This would give us a projection of the price between 200K - 1 million and a top at the end of 2025.
If you believe in Bitcoin Cycles and Fibonacci Sequence then your first opportunity to buy altcoins would be this September 2023 in the pre halving year. Currently Bitcoin will outperform most altcoins, but this might change soon.
I don't think we'll be going lower than 24K. Previous resistance around 24-25K should hold as support and give us a prolonged sideways movement into the last quarter of the year, trending upwards. If this does fail then there is a good chance we revisit previous lows from 2022 around 15K. Of course there is always the case of a positive scenario and we hold the...
It was just fed up of constantly seeing charts being created based on the halving with such a small sample size, as if this is set in stone. So I came up with the total reversed super halving. You are more than welcome to use this chart in your next meme... have fun, stay calm, drink tea Hugs
BTC broke out of the 7 month falling wedge to the upside, breaking above the top of the distribution at 25K will be conformation for more upside. Fractal taken from the end of the 2018-19 bull market.
Possible correction to the upside at the bottom of the Vitalik Boner Wedge. Bottom where he needs to bring it up is around 1300 level. Target could raise it above previous base and spurt even higher into the 2000 range.
Cup and handle forming on the DXY with a target above 113. This would mean more downside for indices and crypto.
Maybe I got it wrong and there is still one more leg down, taking us to the previous support around 19.000.
Just one opinion of many. Every time it breaks one of those imaginary support lines, Fib levels the more likely it's going to retrace all the way back down into the 1000 area. If it manages to get above the 0.5 Fib and then above the crucial 1700 level then sunny skies. If it stays below then more gloom and doom towards the 3 digit price levels.
Keep an eye on this huge Head and Shoulders now breaking out on BNB. Target should lead into the lower 200 USD
It very much looks like this Wyckoff pattern has completed, although there's still a good chance it goes lower. Straight from the Wyckoff textbook: After a significant down-move, climactic action may signal the beginning of a re-distribution TR or of accumulation.
Had to slightly adjust this due to the weekend side wards movement. This is on an idea/theory until proven, so don't bet the family farm on it. Target is 21425.
This is my first attempt at identifying a Wyckhoff, so be gentle and nothing you should bet money on.
Here's an example of how the bottom formation looks like overlaid on the current bottom. We see a high volume bottom wick followed by a lower low of approx. 10% and choppy sideways movement for more than 120 days.
Did the bottom last less than a few minutes, or can we expect a retest, or maybe a lower low? Historically bottoms have lasted several months and they have always made a lower low after the high volume peak.
Fractal from 2018 after the last pump going into a few months in the doldrums, before the last dump into the mid 20K. This is just a theoretical possibility and past performance does not guarantee a future result. We manage to claw back to the 0.38 Fib from the ATH staying inside the channel that we are now breaking. There are still a few support areas, but in the...
We're on the tail end of a choppy wave 4. Above 63270 we get a buy signal. The derivatives side of the market (perpetual futures) are leveraged to the upside. These need to be slowly pushed out before we can start heading higher. Of course there are other factors that play a role too. Profit taking that needs to be bought up on the spot market, ... ect Medium 2...
We're on the 5th and last wave of this bull run, that could lead us into the 100k by year end. First we need to break 64k for a confirmation and then continue to make new ATH's. It can go higher/lower and it can come sooner/later. The faster it climbs the harder it will crash ;-) Towards the end of this bull run, sentiment in social and mainstream media will go...