I'm just trying to win some USDC, so here is my expectation regarding BTC today.
BTC will be bullish by the end of the day, because there is a cup-and-handle @15m that hasn't worked out so the price should go down or stay within the range, and also there is an inverse head-and-shoulders @30m being formed and everybody will expect it to go up and will buy, while it will be a good opportnity for the whales to earn on us. But whales are not likely to keep it low for almost half a day, because low price means you can by at a low price and catch the last train because all of us want it to be bullish, and our consolidaed wish will pull it forward, so it will be gradually going up and the end ofthe day will be higher than the beginning...
BTC shortterm: now, if I apply a Modified Schiff Pitchfork onto the handle of the big daily cup, I can see how the price moves from one side to another.
I can see, that it has already reached the upper limit line of the pitchfork, so if the trend continues, it is likely just to go down towards the lower limit line.
It takes the price about 5-7 days to move from the lower limit to the upper limit or vice versa.
Meanwhile, there is a harmonic pattern in 4h format being fromed and a ready dragon signal, so the price has some upwards potential.
I means that we need to watch closely now: if the price goes outsides the pitchfork upper limit, it will probably go upwards to the dragon tail level (or to the D-point of our harmonic pattern); if it doesn't - it will just go down towards the lowest line of the pitchfork within the next 6-7 days.
Many popular altcoins generally follow the trend of BTC (though they react in different ways to the movements of BTC inside smaller time periods), so I take the above mentioned considerations into account when analysing their trends.
When I look at BTC 1D, I can see that the handle of the big cup now is forming a butterfly, crab, or bat harmonic pattern.
Here, AC is close to 0.886, so XD is likely to reach 1.27 or 1.618.
It means that I may expect a significant drop in the price of BTC down to 30384 USDT or even lower within the next half a year.
This signal corresponds with the lowest level the handle of the cup can reach, which is almost 2/3 of the depth of the cup.
There will be 2 strong levels in the downward movement, both match with the level of the expected D point of our harmonic patterns. The price may revert at either of them.
Or, I can consider this part to be a dragon pattern turned upside down. In this case, we have a head, and two legs, the last one at a lower level, and the price having crossed the head-to-spine line, which indicates at the downward movement.
So, I can see 2 signals here indicating at a longterm downward movement - the cup handle and an incomplete harmonic pattern which has already formed a completed dragon.
Bitcoin has a large bowl in the monthly format, now a handle has begun to form. it could go down to 30,000.
Although, there is hope that this Friday crash was associated with the world day of boycott and refusal to buy in connection with the policies of the United States and the West in Palestine...
Hi all. As part of #HalvingHorizons! I want to make my prediction 57429.58 USD on April 20th.
I donât know how Halving will affect the rate, but I see a bowl in a weekly format that is only missing a handle. It also looks like the handle has started to build. But there is only a week left until April 20, during which time the handle will not form, but in the weekly format I see candles going down. Therefore, I roughly took the middle of the candle that will form if this trend continues. However, again, I donât know how Halving will affect it.
I'm waiting for your comments, I don't have much experience here yet.
#MyFirstSquarePost Hello, Binance Square! as part of participation in #HalvingHorizons! I forecast that Binance will be 57429.58 USD on April 20-th.
I base my judgement on the fact that it has almost formed a cup #in weekly timeframe, and only handle is left. And I also took into account the bearish trend that has just started and the approximate height of weekly candles.
But I'm new here and may be wrong, so I would like to hear your thoughts on it.
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