stavkog

stavkog

Bitcoin is showing weakness on the 4-hour time frame but hasn't completely broken the daily swing low to confirm a mid-term downtrend. The 4-hour chart is bearish, and I'm expecting another small leg up to the premium level (above the 0.5 Fibonacci level). I've marked two potential entry areas with star icons and their targets. Two Great Entries: Short Limit:...

stavkog

I'm forecasting a short-term correction for Bitcoin, with the price potentially dropping to the $30,000 range. After this dip, I anticipate a rebound leading to a rise toward the ATH area and above (270K~~). This movement aligns with historical support and resistance levels and suggests a potential buying opportunity around the lower price point for a move back to...

stavkog

I expect Bitcoin to reach $43,000 soon. From there, I'm planning to go long at around $42,200 up to the 618 Fibonacci Retracement level. After hitting the 618 Fib level, I’ll short down to $33,000, which I believe will be the final leg of this correction. Keep an eye on these levels for potential opportunities! 🚀

stavkog

To truly navigate BTC's complexities, one must first grasp the intricacies of DXY's movements. The U.S. Dollar Index (DXY) is on the brink of completing a double top pattern, possibly reaching a higher high (HH). In September 2022, when DXY last peaked, BTC simultaneously hit a low near $16,000. This historical correlation suggests a strong likelihood that DXY...

stavkog

XRP has been consolidating within a descending channel since early 2021, with the price making lower highs and lower lows. Currently, XRP is testing the upper boundary of this channel. - While XRP has bounced off the $0.42 support, the overall market sentiment and excessive hype on social media indicate a possible pullback. - If XRP fails to break above the...

stavkog

Building upon my previously published concept, it appears that the DXY has staged a false breakdown (took liquidity), while BTC has mimicked an upward surge and took liq as well. Additionally, the minor parabolic movement has been disrupted. If there is another breach of the significant 4-hour swing low, I believe it could result in a rapid decline to around...

stavkog

Bitcoin (BTC) has established a daily higher high (HH). To confirm a swing high, we need to wait for another daily candle, specifically looking for tomorrow's candle to close below today's. Following this, we should anticipate a correction towards the discount zone. Here are two potential scenarios: A. If BTC forms a lower high (LH) after the retracement, it...

stavkog

Analysis Overview: In this analysis, we observe a potential reversal pattern for BTCUSD based on the 4-hour chart. The price is approaching a significant resistance zone, indicating a possible turning point. Key Points: Swing High & Lower High: BTCUSD has formed a recent swing high followed by a lower high, suggesting weakening bullish momentum. Resistance...

stavkog

With 2 following green candles on daily support + possible bullish triangle pattern. In addition DOUBLE BOTTOM on the very same DAILY support (1 Fake Out in between). This can be HUGE. I am STILL BULLISH and thinking out of the BOX.