Elon Musk turns on the laser eye mode and saves $BTC from correction after Biden withdrew from the presidential race, which spoiled Trump’s chances of winning. It was not yet clear whether it was a political action or the announcement of his participation in a bitcoin conference in Nashville together with Donald 🕑
Based on this positive news, BTC exceeded $68k, after what it returned to the original range. At 1H timeframe, we see readiness for local correction. So we need to stay focused 😏
I have started to book short term positions on bitcoin and will continue on its way up💰
You can try to re-enter at $62k if you missed this trade. We may go to the middle of the channel before continuation of uptrend 🤷
Guys I have already told you that bitcoin should pass the resistance level at around top of the channel.
However, buyers couldn’t manage to pass this levels🤷
Based on that we should expect some decrease in bitcoin price up to the levels of mid of the channel (~$63000) or even to it’s bottom levels (~$56000)📉
Correction could possibly continue to the middle of the June. Approximately at the end of the June we may expect another uptrend and another try to break the resistance at top of the channel.
What do you expect from bitcoin these days? Kindly share your thoughts in the comments below 👇🏻
Guys I have already told you that bitcoin should pass the resistance level at around top of the channel.
However, buyers couldn’t manage to pass this levels🤷
Based on that we should expect some decrease in bitcoin price up to the levels of mid of the channel (~$63000) or even to it’s bottom levels (~$56000)📉
Correction could possibly continue to the middle of the June. Approximately at the end of the June we may expect another uptrend and another try to break the resistance at top of the channel.
What do you expect from bitcoin these days? Kindly share your thoughts in the comments below 👇🏻
Guys I have already told you that bitcoin should pass the resistance level at around top of the channel.
However, buyers couldn’t manage to pass this levels🤷
Based on that we should expect some decrease in bitcoin price up to the levels of mid of the channel (~$63000) or even to it’s bottom levels (~$56000)📉
Correction could possibly continue to the middle of the June. Approximately at the end of the June we may expect another uptrend and another try to break the resistance at top of the channel.
What do you expect from bitcoin these days? Kindly share your thoughts in the comments below 👇🏻
Congratulations to all who have listened to my advice. Now it’s time to book some profit because we are sitting at resistance level and already have +12%😏
Soon the SEC decision on spot ETH ETFs 👀
23 May — VanEck 24 May — Ark Invest/21Shares 9 August — BlackRock
Maybe we will not have approvals in May, but let’s see 🤔
If we have approval in May, then we will have huge bull run on altcoins🚨
Let’s now just wait 🍿 and book what we have already earned💰
Am I the only one who can see this huge bullish pattern on $BNB ?!😏
🔸On a daily timeframe we can now observe ascending triangle that has started to form in March 2024. It took almost three months to create this pattern 😎
🔸Now as volumes drops and RSI is at around 60 we can expect breakout and continuation of uptrend 📈
🔸Please have a look at the second picture. You can find some interesting and useful chart patterns there🤓
Am I the only one who can see this huge bullish pattern on $BNB ?!😏
🔸On a daily timeframe we can now observe ascending triangle that has started to form in March 2024. It took almost three months to create this pattern 😎
🔸Now as volumes drops and RSI is at around 60 we can expect breakout and continuation of uptrend 📈
🔸Please have a look at the second picture. You can find some interesting and useful chart patterns there🤓
Congratulations to all who have listened to my advice. Now it’s time to book some profit because we are sitting at resistance level and already have +12%😏
Soon the SEC decision on spot ETH ETFs 👀
23 May — VanEck 24 May — Ark Invest/21Shares 9 August — BlackRock
Maybe we will not have approvals in May, but let’s see 🤔
If we have approval in May, then we will have huge bull run on altcoins🚨
Let’s now just wait 🍿 and book what we have already earned💰
As you can see falling wedge from previous post worked pretty fine😎
Now as we look on a daily timeframe we can observe that bitcoin is trading at the middle of the channel. There is great possibility to break resistance level and go to the top of this channel😏
On top of that, on RSI we are now also about to break resistance dynamic level🤝🏼
Based on that I am expecting this week to be bullish for bitcoin and top alts👊
What are you trading this week? Share in the comments below 👇🏻
“A bull flag pattern is a bullish chart pattern that occurs when a stock is in a strong uptrend. It is called a flag pattern because when you see it on a chart the large green candle of the initial move looks like a flag pole, and the sideways consolidation near the highs looks like a flag or a pennant.”
As we expected Bullish Flag is confirmed on a daily timeframe. You were informed about this beforehand and I hope you have managed to use this information properly and didn’t get liquidated🤝🏼
On the chart we can see that we are still above dynamic level of support. On top of that, we have tested twice support level at around $61k🤝🏼
During last three days were liquidated around $1.7B of long traders positions🤷 Which is a good sign for overall continuation of uptrend 🤔
Based on all this info we can expect that bitcoin will comeback soon. I believe it will happen after halving which is about to happen in less than 4 days😎
What are your thoughts on this??? Share in the comments below 👇🏻
Based on analysis of previous years and back testing we can find something very interesting🧐
As you can see on the chart Bitcoin was at the local bottom approximately 500 days prior halving and at ATH zone approximately 500 days after that😎
It’s almost 8 days left to the next halving and we are ready to everything Bitcoin can bring us during this bullish cycle 😏
So when to expect new historical ATH?? Let’s look at the chart 📈 I have estimated each previous cycle and compared it to each other. So that, according to my estimation we can expect new ATH to happen approximately from April 2025 and up to December 2025⏳
We have plenty of time to become rich 🤑 Just stay focused and don’t get distracted 🤝🏼
What do you think about new ATH? What price do expect from bitcoin in 2025? Share your thoughts in the comments below 👇🏻
Rising wedge worked perfect as it was expected👊 We can now see that bitcoin is decreasing and trading at around $69k.
It was the 7th green month in a row for bitcoin. That’s happening for the first time in a history of bitcoin. You know that bitcoin can not grow without corrections. That’s why we are here and looking at this charts 📈
Everything is going according to the plan. We already observe re-accumulation😏 Soon we’ll see continuation of uptrend.
I do believe that April is going to be very successful month in terms of profitability. So let’s stay prepared for this😎
Soon I will post my detailed trading plan for this month. Stay tuned 🤝🏼
Rising wedge worked perfect as it was expected👊 We can now see that bitcoin is decreasing and trading at around $69k.
It was the 7th green month in a row for bitcoin. That’s happening for the first time in a history of bitcoin. You know that bitcoin can not grow without corrections. That’s why we are here and looking at this charts 📈
Everything is going according to the plan. We already observe re-accumulation😏 Soon we’ll see continuation of uptrend.
I do believe that April is going to be very successful month in terms of profitability. So let’s stay prepared for this😎
Soon I will post my detailed trading plan for this month. Stay tuned 🤝🏼
“The pattern appears as an upward-sloping price chart featuring two converging trendlines. It is usually accompanied by decreasing trading volume. Wedges can either form in the rising or falling direction. A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside”
According to that, can you spot the bearish rising wedge on a 4H chart???🤫
Moreover, the volume is also decreasing🤔
I believe we can go a bit lower soon, for some re- accumulation and continuation of uptrend 😎
What do you guys think??? Tell me in the comments below 👇🏻
“The pattern appears as an upward-sloping price chart featuring two converging trendlines. It is usually accompanied by decreasing trading volume. Wedges can either form in the rising or falling direction. A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside”
According to that, can you spot the bearish rising wedge on a 4H chart???🤫
Moreover, the volume is also decreasing🤔
I believe we can go a bit lower soon, for some re- accumulation and continuation of uptrend 😎
What do you guys think??? Tell me in the comments below 👇🏻