Btc_usd
Bitcoin - another failed Head and Shoulders in play?Potential bullish case for Bitcoin based on 2 key factors:
1) Very similar price action to the last year, mainly referring to the Head and shoulder formation which preceded the run to ATHs. Yes a Head and Shoulders pattern does indicated a bearish reversal, so the important factor hear is that bitcoin rejects the pattern at/around the neckline once again;
2) Taking the fractal that followed the rejection of last years head and shoulder pattern, and using this a rough basis for future price action should the H&S pattern get rejected once more, we would go on to hit a 1.618 fib extension, and the price would also react at key retracement levels (pull back at 0.702, support at 0.5, ATH the fall back to find support at 0.786/0.702/0.618).
Load you bags BTC is ready for NEW ATHHey 👋 as i expected that BTC will go to 42 - 40k and it took little time it's here as we see previous year graph it similar and now i think BTC Just got it's fule ready for new ATH I expect 4-5 month for new ATH and it's can easy goes to 80-85k+
Key points :-
If its break under 41-40k then i will consider its a total 🐻 bear trend and then it will take to recover
Although hope you guys have loaded your bag don't be panic stay clam and HODL
Bitcoin Lengthening Cycle Theory [March 2022 top] [2013-2014]Was very skeptical of the "Lengthening Cycle Theory" with more data now at the end of 2021 its looking like a 2013 - 2014 repeat.
Both having a gigantic symmetrical triangle pattern where virtually nothing happens for an entire year.
January will deicide is this plays out or something entirely new happens - short term this is a human psychology chart not a Bitcoin price prediction chart.
2013-2014 Case (Dismissing the wicks out of the range due to the Mt.Gox hack
2021 - 2022 Case
Previous moves without lengthening applied with an average of %1356 gain.
BTCUSDT/BTC alert 2023 ✔👌👍🎁Our analysis today is for a few months until the end of 2023.
From my point of view and the analysis I did, the bitcoin trend is down until the end of January, and the price will go up again from 38711 to 58148, then the bitcoin will start to go down to the price of 19793, whether you like it or not.
Negative news will start these days because I do not believe in fundamental and any news starts before technical.
We will see positive news on the price of 38711 as much as Delton wants, until the price of 58148, exactly on that date, all countries will make a revolution against Bitcoin and Cryptocurrency.
At the price of 19793, we will gradually see the support of digital currency.
Dear friends, 2022 to 2023 is the year of getting shorts for futurists.
Your friend Manouchehr Azar and Mehran Omarzadeh
#BTC big move coming January 2nd or 3rd! High Time FrameMoving Averages:
- Using the 400D EMA as support, which was held during the June/July 2021 markdown. By held I mean that we have not closed below it on the weekly TF since March 2020.
Patterns:
- Markdown structure is almost identical to last year's at a slightly smaller scale. Bitcoin will recover when most of the retail traders will (at least psychologically) capitulate as most of the support classic patterns and geometrical shapes will have been broken.
Fibonacci:
- Fib levels self explanatory (July 2020 bottom to ATH) we might ultimately hit the 0.702 level on full retracement or maybe below it at yearly RVL
Volume profile for the yearly range:
- Value area low could be touched in theory without breaking the ultimate support (39k). This is the REAL DEMAND zone, a zone where people will buy like there's no tomorrow.
We're just under yearly POC (48000) which is not great as it acts as massive resistance.
Black Magic:
- if you believe in moonphases.... there will be a New moon on the second of January. (It' annoyingly accurate for major moves)
If we break 39k....30k is the next support well... and see you in a few years. Don't forget to DCA.
Meanwhile we trade up and down.
BTC UPDATE BTC /USDT
BTC still playing with descending broadening wedge pattern
Scenario 1: (breakout retest)
Going up from current prices
Scenario 2: more sideway around 40k before any bullish movement
With current price action ..The above scenarios are considered an early scenarios which need to be updated in next few days
Note: The Monthly and yearly candles are about to close ,I will watch them before next update - stay tuned