czupryn888

czupryn888

This is an optimistic scenario. Bitcoin has broken through another key level, the $48,000 zone. This means it has the potential to reach the $61,000-$62,000 levels. That's where the real distribution of Bitcoin began and the altcoin rally in 2021. It signifies that this is a critical level from which a correction could start. There's also a trend line extending...

czupryn888

It seems to me that we currently have a growing flag pattern, which, according to the patterns, could result in a rise equal to the one before reaching the flag. There is a clear divergence that should lead to a strong rebound, but it has yet to reach the trendline. Perhaps it will happen around $60,000, although that seems like an absurd price at the moment....

czupryn888

It seems to me that we have an upward wedge and the situation is similar to that around November 2020. I'm speculating, this isn't analysis - it's just a feeling. We had accumulation at the levels of $16,000 - $24,000, re-accumulation at the levels of $24,000-$31,000. Now should be the time to grow. We are definitely in the zone between $48,000-$38,000. A break...

czupryn888

I think we currently have part 6, which is what happened around August 2020. A sudden increase, limited by resistance from around July 2019. Here we have a very strong resistance around $38,000 - $40,000, which will be offset by a decline to return to the level around the current support level of $28,000 - $30,000. July - August 2024 will be the moment to exit the...

czupryn888

In the previous analysis from April 13th, I stated that the price would drop from $30,000 to $25,000. It turned out to be correct. It seems to me that this is a moment of re-accumulation. In the meantime, there has been a lot of FUD (Fear, Uncertainty, and Doubt) related to suspicions of money laundering by Binance. Despite this, the price did not react...

czupryn888

After the accumulation that took place from June 2022 to March 2023, it is now time to test the breakout from the accumulation. There is a strong resistance zone at the $28000 - $30000 USD level that will be difficult to break through. However, breaking through it should lead to a fast move towards the next zone at $37500 - $40000 (where bitcoin distribution...

czupryn888

It seems that at this point, the SPX500 may fall to around TSE:3600 levels. After that, the game will continue in the HKEX:3800 - TSE:4100 range. A solid breakout above the TSE:4100 levels could lead the price to ATH levels. However, after a long distribution consolidation, a drop below TSE:3600 could mean a bear market in global markets. According to the...

czupryn888

It seems to me that we are dealing with the last wave of distribution, which has given rise to a feedback divergence. Levels around TADAWUL:2100 are very significant. There may be a fake breakout there, suggesting a continuation of the uptrend. It should be remembered that after several years of growth in gold, there should be a distribution and a return to...

czupryn888

Hello, i think its the best moment for bounce up for bitcoin. Its look like last spring before new ride. I suspect ~ 40-60k before June 2023, even 150k before 2024.

czupryn888

Bitcoin - Spring in spring - accumulation. This is a similar diagram I found on the web. Accumulation continues at the present levels

czupryn888

We probably left the accumulation zone. This is how a formation called "Bump & Run Reversal Bottom" was formed. The valid level is around 48,000. Below this level, it may break out of this formation. The 46,000 line is the most important - it supports the entire uptrend. 52,000 is a strong resistance, so at 52-53k there should be a consolidation. At the 53,500...

czupryn888

We are dealing with a consolidation at the level of 48-50k. It is possible that we will still reach the level of 46500. If there is a very quick return with the wick, we will go up quickly.

czupryn888

We went back to the wedge. Retailers have been capitulated. There is a spike volume which means a strong accumulation. It is difficult to say whether we will continue to consolidate at around 46-50k or whether the purchasing pressure among whales will pull us up quickly. If the wedge is played, we should quickly return to 63k. Many retailers consider a drop below...

czupryn888

I think we have an accumulation. There was strong resistance at 58,800 (you can see selling pressure at the wick). There was also a strong support at 56,000 as well as an average volume level of 57,100. This makes us stuck in the consolidation. I think there is still spring ahead of us. There I will try to enter long. The top exit will take us to 64,000, the...

czupryn888

I think we might have a wedge being played. There are several supports at 51k: trend from July, 0.62 fibo and wedge support. In my experience, you can expect a fake breakout too. The decline to 51k will also mean a triple divergence of the RSI. The target is 64k.

czupryn888

55200 is the key level. To stay below it is rather a continuation of declines. I have a short now with 55100 - after the weekend we should definitely drop to 54000 (cme gap). However, I think we have an accumulation of 54k and I expect a bottom exit to around 53k and a comeback. I even see the possibility of returning to the area of 64k. But now you have to watch...

czupryn888

Bitcoin - ABC Correction -> Target 64k We are with 56k strong support. After these declines, we need a rebound and it seems that this is a good time to return to the 64k zone. There is also a CME gap there.

czupryn888

Bitcoin - consolidation for this weekend (symmetrical triangle). Bitcoin has dropped below the SOW level. According to the distribution scheme of the Wyckoff, we have the LPSY level. As the price usually consolidates on weekends, I predict a certain formation. Moreover, there is no recovery from the recent declines. At 1h, you can also see that there is a...