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 👇🏻
On a weekly timeframe, we can now see a shooting star pattern. It's a sign of weakness among buyers 🤷
If Bitcoin closes this week with this pattern, then we will likely see further downtrend movement.
I have opened limit orders starting from $61k and below on Bitcoin. Additionally, I have also opened orders for top altcoins 😏
While we might not experience such a deep correction, I will closely monitor Bitcoin's performance next week. It's crucial to buy at this dip before the halving 😑
We should be prepared and focused for whatever comes next 💪🏼
Remember to do your own research and pay close attention to your risk management. It's wise not to use more than 10% of your bank in a single position.
On a weekly timeframe, we can now see a shooting star pattern. It's a sign of weakness among buyers 🤷
If Bitcoin closes this week with this pattern, then we will likely see further downtrend movement.
I have opened limit orders starting from $61k and below on Bitcoin. Additionally, I have also opened orders for top altcoins 😏
While we might not experience such a deep correction, I will closely monitor Bitcoin's performance next week. It's crucial to buy at this dip before the halving 😑
We should be prepared and focused for whatever comes next 💪🏼
Remember to do your own research and pay close attention to your risk management. It's wise not to use more than 10% of your bank in a single position.
Is it the perfect time for a correction? Bitcoin has entered the all-time high (ATH) zone and is still trading above the previous ATH. However, let’s take a step back and look at the bigger picture using a weekly timeframe.
🔸On the RSI, Bitcoin is significantly overbought, reminiscent of the situation in December 2020 when a 30% correction ensued. The bearish wedge on the RSI suggests that the peak might be near.
🔸Moreover, we still have ample time before the halving to experience a slight decline before a potential rocket launch.
So, what's the best course of action?
I've already opened several orders ranging from around $60k to $50k. Additionally, I believe the real altseason will commence during this $BTC correction, possibly in the second half of March.
We'll soon find out, but I'm hopeful for an opportunity to buy more BTC before the halving.
What are your thoughts on this? Share in the comments below.
🔸The upcoming Bitcoin halving, scheduled for mid-April, is a highly anticipated event with profound implications for the cryptocurrency space. This event, built into Bitcoin's code, slashes the reward miners receive for validating transactions by 50%, a move aimed at curbing inflation and ensuring Bitcoin's long-term scarcity, akin to precious metals like gold.
🔸Historically, Bitcoin halvings have triggered significant price hikes. The drop in the rate of new Bitcoin issuance typically spurs demand, driving prices up as the asset becomes scarcer. This pattern, combined with a fixed supply, has historically led to substantial price surges in the months following a halving event.
🔸As the next halving approaches, optimism abounds in the crypto community. Analysts predict that the dwindling supply of new Bitcoins could cause a supply shock, sending prices soaring. Moreover, halving events often attract heightened media attention and interest from institutional investors, further bolstering bullish sentiment.
While the precise impact of the halving remains uncertain, it is generally seen as a bullish catalyst for Bitcoin and the broader crypto market. With mid-April fast approaching, all eyes are on Bitcoin as the crypto world eagerly awaits the outcome of this momentous event. Exciting times lie ahead!
What are you guys expecting from halving??? Tell me in the comments below 👇🏻
Is it the perfect time for a correction? Bitcoin has entered the all-time high (ATH) zone and is still trading above the previous ATH. However, let’s take a step back and look at the bigger picture using a weekly timeframe.
🔸On the RSI, Bitcoin is significantly overbought, reminiscent of the situation in December 2020 when a 30% correction ensued. The bearish wedge on the RSI suggests that the peak might be near.
🔸Moreover, we still have ample time before the halving to experience a slight decline before a potential rocket launch.
So, what's the best course of action?
I've already opened several orders ranging from around $60k to $50k. Additionally, I believe the real altseason will commence during this $BTC correction, possibly in the second half of March.
We'll soon find out, but I'm hopeful for an opportunity to buy more BTC before the halving.
What are your thoughts on this? Share in the comments below.
In February, bitcoin showed a record increase in dollar equivalent and rose by $18,550. The body of the candle on the monthly chart was larger only in May 2021, when bitcoin adjusted by $20,443.
In February, the first cryptocurrency rose in price by 43.5% and $ETH - by 46.2%🚀
March is historically one of the pleasant months for $BTC , but not as good as February. I think it could be the month of altcoins🤷
So what can we expect from bitcoin in March?! I believe we will see some re-accumulation and uptrend continuation up to the ATH zone📈
Not sure whether we could manage to break ATH before halving which is about to happen in April🤔
But April surely will be very hot month 😏
What do you expect from Bitcoin in March? Share your thoughts below 👇🏻
In February, bitcoin showed a record increase in dollar equivalent and rose by $18,550. The body of the candle on the monthly chart was larger only in May 2021, when bitcoin adjusted by $20,443.
In February, the first cryptocurrency rose in price by 43.5% and $ETH - by 46.2%🚀
March is historically one of the pleasant months for $BTC , but not as good as February. I think it could be the month of altcoins🤷
So what can we expect from bitcoin in March?! I believe we will see some re-accumulation and uptrend continuation up to the ATH zone📈
Not sure whether we could manage to break ATH before halving which is about to happen in April🤔
But April surely will be very hot month 😏
What do you expect from Bitcoin in March? Share your thoughts below 👇🏻
Bitcoin is rising rapidly 🚀 But please stay away from the market if you didn’t manage to enter earlier this move, because now it’s a bit overpriced on RSI😎
Do not fall in FOMO. It’s better now to look for some underpriced altcoins. I have already mentioned some in my previous post, but pay close atteattention to $ATOM 👀
Bitcoin is rising rapidly 🚀 But please stay away from the market if you didn’t manage to enter earlier this move, because now it’s a bit overpriced on RSI😎
Do not fall in FOMO. It’s better now to look for some underpriced altcoins. I have already mentioned some in my previous post, but pay close atteattention to $ATOM 👀
I have promised you that I will create educational post about major support and resistance levels and other tricks and tips in trading.
So let’s dive in 😎
🔸Support (green on pic1) is the point at which demand prevents a stock from declining further. Each time the price reaches this level, it struggles to drop below it, as buyers become more interested in purchasing while sellers are less willing to sell.
🔸Resistance (red on pic1), on the other hand, is where supply halts a stock from rising further. When the price reaches this level, it faces difficulty moving higher, as sellers become more inclined to sell and buyers are less eager to buy.
🔸A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support.
🔸How trade? You can trade breakouts of support and resistance levels with help of traded volumes:
1. Identify resistance. 2. Check volume (higher volume = more reliable breakout). 3. Enter trade when price breaks resistance and there's high volume. 4. Set stop-loss below breakout level and take-profit target at a higher resistance level. 5. Monitor trade and adjust stop-loss and take-profit levels if needed.
That’s all folks😎
Write in the comments how you trade support/resistance levels? 👇🏻👇🏻👇🏻