This diagonal trendline which I keep bringing up and I keep talking about how important it is. As long as we stay above this diagonal trendline it is highly probable we move all the way to about $38,000 for #bitcoin
There could be some pain coming but I like how the 50SMA is crossing the other SMAs...that's front-running golden crosses. Still waiting for a big move on the 3Day chart. I am expecting a pump up to the 200SMA (yellow moving average).
The Pi cycle is how I have often called the top and bottom for bitcoin. If you take a close look at the Pi cycle rainbow you'd see we buy in the green and sell in the red. The indicator shows a high chance that the bottom is in for #bitcoin
Measured move would take us to 37,500. MACD showing lack of bearish momentum. We have falling volume with falling price showing the sellers are nowhere to be found suggests we may get a move to the upside.
This is a prediction, I'm having an epiphany. I'm projecting that #bitcoin gets to 42K and a major sell off to $30,500 then a 'cup n handle' pattern would be built for another massive move to about $62,000 by May of 2024 into the #BTC halving.
$XRP : clean S/R levels and strong move in the short term (FA reasons). Still don't feel this is a clean break yet but just eyeing it. #Ripple #NotaFinancialadvice
Looking at the bigger ideas, still sticking to the idea that we are in this diagonal trend. As long as we stay above it, we can get a move to the upside. But if we lose it, we could bearishly retest it and drop pretty fast
#bitcoin dominance is interesting. Price action on the daily timeframe is still in a flag to the upside. Though we are at a resistance point, could we get a little bit of a relief rally this weekend?? There is a chance!
Usually when price breaks back inside a falling wedge, price breaks down horribly. Does that mean the #dollar is going to dump to 88? Look what I see also, Head and Shoulder with a measured move all the way to 89
There are two measured moves for #bitcoin here. The smaller one brings price to about 31,460 and then the bigger one that takes price all the way to the target at 32,500 area.