bitcoin to 70-75k(sorry for my english french guy ) for what i can see bitcoin is stuck in a ascending channel since january 2021! after we had a nice falling wedge break out in the 45k area! a new all time high was made 62k! a rejection close to are top resistance trend line of the channel bring us to around 50k ! For now i see bitcoin forming a bull flag and respecting it as well ! Nice bounce on the 50 daily ema who was acting also in support in the past , a bounce on the support bull flag trend lend and a bullish engulfing on the 0.382 fib level !! a nice break out of the 57-58k zone can bring us to are next fib level (1.618)who is also the top resistance of the ascending channel !
ATH
We have a SOLID break out!We are back into the BULL CHANNEL and are testing higher. If we can break the descending triangle we have been in since MARCH 13th we WILL be on our way to new ATH VERY SOON!!! WATCH THE 57800 ZONE!! IF WE BREAK OUT WE ARE LOOKING AT A MEASURE MOVE AT LEAST UP TO 63.5-64k where we will test another break out! GET READY!!
NEO ATH TestGood day Traders. Neo the hidden gem with a diamond bottom will test ATH within the next month or so, Its busy gearing up for a big move. Not financial advice, just my thoughts right now. Please leave a like if you agree. Or let me have your thoughts below. Cheers for now.
BTC ELON MUSK + FUTURES BREAKOUT: new ATH coming!BTC EMERGENCY UPDATE: BTC was on its way to the low 50s untill a certain guy called Elon Musk tweeted you can buy Tesla's with BTC ; starting today. More importantly, the bitcoin that they will get from selling cars will be stored in their treasury and will NOT be converted into fiat! This means the ABC correction is now completed and we are about to breakout of a HUGE triangle.
BTC FUTURES EXPIRATION: More importantly; the futures are set to expire on Friday; with a high BTC price a lot of people will buy their option; meaning they will buy BTC; which will make the price go up even more!
USA WAKING UP NOW: also one important factor: most of the USA is still asleep and they wake up (now) to a Musk tweet and BTC pumping. They will most definitely fomo in, so Im quite sure we will push back into the 58K area today.... with more to come this week. (ps: sorry for my messy chart, wanted to do emergency update :)
TARGETS: 63K, 66K, 68K // yes this is a crazy bull run, I love it!
IMPORTANT: this is not financial advice, trade or invest at your own risk and research. Good luck!
ATH potential long opportunity with good risk to reward ratioHad a gap breakout to all-time on the 8th of March
Retested minor support and formed a pivot low on the 11th of March
Had a mini-breakdown failure from consolidation at minor support on the 19th of March
Had a wide range igniting bar on the 22nd of March and an inside bar on the 23rd of March
Good long entry if it takes out high of wide range bar with potential to make new highs
Finally in the zone of interestFrom overbought ATH around 61780 price fell down to oversold and showing us bullish divergence on 4H RSI. When we consider strong support FIBO zone around 52.4K we get great probability for trade with minimal risk. Longs positions are starting stabilize too. (green line above charts). After all of that I will still opening only a small position of my account to leave room for further maneuvering :D Because the price CAN have many obstacles upwards (56500,59300,60000 and ATH.)
15% of account i long at market price.
Comment below where you will buy or maybe where you will short: D
And if you agree like.
I will update this idea in close future so if you want, follow me.
ROAD TO 60K and beyond ?After the uptrend breakdown and retest, BTC is back to the support area at 53300. On its third shot, BTC might break above 58200 to finally reach a new ATH!!
Looking for that bat pattern to get filled.
Daily chart: Ascending channel, price corrects at 0.5 fib level, filling orders set at support area to form a new impulse!
XLM Next Moves?I have been shouting from the street corners "Doom, Dooom, Doooooom" for the past 2 weeks, and some, or many of you are probably thinking "Well if you scream correction everyday, eventually you're going to be correct." The issue is that I have been correct about corrections occurring, but woefully incorrect as to their actual targets. It took several days, and actually a couple weeks to see that .32 is only now coming into proximity, and that the weeks before were normal, consistent bounces that are expected from a Peak.
Dumping to .315 and then rocketing to .47 in a matter of days is expected. Retracing to .38, bouncing to .43 and trading sideways are all normal. The amount of time was unexpected, but the actual behavior, especially if converted to percentages is very expected. My problem, I recognize now of course, is that i expected things to happen at an accelerated rate because that has been the practice for the past few spikes in price. However, what wasn't anticipated was BTC's continuous rise, and subsequent bounce to slightly higher ATH. Now that BTC is firmly in it's channel it makes more sense that XLM would behave the way it has. That being said, BTC and XLM have been trading sideways, and with BTC failing to hit the top of the channel this last time, indicates a retracement to some degree, or at the very least a retest of the diagonal bottom of the channel. That potential is the move we have been waiting for with XLM, and we can reasonably expect the journey to .32 has officially begun.
There are more reasons for this. We just hit .438, then .425 and are retracing as we speak following the larger downward triangle trend. That trend has not broken in the past month, and will continue to remain true until we hit a double bottom. Will there be more bounces? Likely, is it a straight shot to .32? No. But the evidence is pointing to a double bottom before continuation, and this holds true for XLM as it does for BTC.
I think in the short term, even if we spike to .47 that would not invalidate this assessment. Crypto follows it's own set of rules, and although I do not pretend to know them, some truths have never been broken and the double bottom of Alt Coins is one of them!
TL:DR Our trajectory to .32 is locked.
Newb prediction: €60k Euros ATH within two weeks.Is there a trend in the correction? During the two previous events where BTC hovered at a support level, both events lasted approximately 7 days and then BTC took off for another run, if there is a pattern we may see one more day with BTC struggling to get past the resistance level of €50k euros but by the 23rd March with luck BTC may return to recent velocity and potentially hitting a new world breaking ATH of €60k euros before mid April.
OM/USDT Update: Fully reached our >100% Target, Binance listingOM got Binance listed and therefore has seen a big pump.
We even crusehd the previous ATH and are currently within a pullback.
Looking for a new entry we see two possibilities shown by the box areas.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.