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$BTC is about to close its ATH monthly candle in 13 hours (previous ATH monthly close was ~$61,300 in Oct/Nov '22). The ETFs have ramped up inflows the past two days, with the last 2 days having the biggest volume since launch. I expect the inflows to only accelerate from here as the recent price action netted lot of early buyers in profit - which further compounds the network effect of sideliners wanting exposure to BTC. Weekly and daily RSIs remain in the bullish control zone with a fresh cross >70 on the monthly. No sell order blocks >500 on any exchange orderbooks and liquidation heatmaps are empty above current price as nobody wants to short these bullish conditions. The next level for BTC to test is the wick ATH at $69,000 and it's a high probability we'll get there in March/before the halving. #BTC #ETH #TrendingTopic #altcoins #Write2Earn‬

$BTC is about to close its ATH monthly candle in 13 hours (previous ATH monthly close was ~$61,300 in Oct/Nov '22).

The ETFs have ramped up inflows the past two days, with the last 2 days having the biggest volume since launch. I expect the inflows to only accelerate from here as the recent price action netted lot of early buyers in profit - which further compounds the network effect of sideliners wanting exposure to BTC.

Weekly and daily RSIs remain in the bullish control zone with a fresh cross >70 on the monthly. No sell order blocks >500 on any exchange orderbooks and liquidation heatmaps are empty above current price as nobody wants to short these bullish conditions.

The next level for BTC to test is the wick ATH at $69,000 and it's a high probability we'll get there in March/before the halving.

#BTC #ETH #TrendingTopic #altcoins #Write2Earn‬

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$BTC Are we witnessing a break of the 4-Year Cycles? There's considerable debate regarding Bitcoin's 4-year cycle and its outcomes. This brief delves into the technical aspects of these cycles, emphasizing the importance of understanding the patterns for different probablistic outcomes. 4-Year Cycle Pattern: Bitcoin has consistently exhibited a 4-year cycle pattern since its inception, characterized by precise intervals between its peaks and troughs: 2013 peak to 2017 peak = 1477 days 2015 trough to 2018 trough = 1428 days 2017 peak to 2021 peak = 1435 days 2018 trough to 2022 trough = 1428 days On average, significant points in Bitcoin's cycle occur roughly every ~1400 days. Projecting this pattern suggests the next peak in Q4 2025 and the following trough in Q4 2026. However, emerging trends indicate a deviation from this projection. Halving as a Bullish Catalyst: Bitcoin's halving events historically trigger a parabolic phase, though their impact is diminishing due to the high percentage (>90%) of Bitcoin already in circulation. Notably, Bitcoin has breached the 0.618 Fibonacci level in the current cycle, a departure from past patterns. Left-Translated Cycle Dynamics: A left-translated cycle indicates a peak occurring before the cycle's midpoint, suggesting a shorter cycle if the ATH is surpassed before October/November 2024. Despite rising global liquidity, a prolonged bull market extending to late 2025 is deemed unlikely, given institutional investors' profit-taking strategies. Conclusion: Market patterns, once recognized, tend to be preempted by traders. Current indicators suggest a left-translated cycle, urging an adaptation to market dynamics. High Time Frame (HTF) analyses remain bullish for Bitcoin and altcoins. The recommended strategy is straightforward: buy spot, ride the trend, prepare for dips, avoid leverage without expertise, and exercise patience. #BTC #TrendingTopic #Write2Earn‬ #altcoins #ETH
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