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BTC TO 45-43K BEFORE MAKING NEW ATH COINBASE:BTCUSD BINANCE:BTCUSDT Hello everyone. Bitcoin is trading in a bearish channel. I have left alot of indicators and other chart things off to keep it clean and show my main points. But remember we are in a wave 4 of 5 and have not hit the retracement target yet. Prices always move back toward equilibrium. As you can see on the chart in purple. This lines up nicely with the 1.618 and 1.786 fib extensions of the swing low to swing high. It also intersects with the base channel which is a typical wave 4 target. Wave 4 typically hits the top or middle base channel. The fib extensions line up nicely with the mid channel. This creates a significant area of interest and a likely spot to land before making a new ath. If you disagree with me please use data and examples and not emotions. Thanks everyone!
COINBASE:BTCUSDShort
by member_berry
2
BTC Let's wait for the breakout at 64-65k range. LOOKING GOOD !First of all, I want to be very clear that all the checkmarks are the predictions we have been making over these past few months. Each checkmark is a confirmation that the price moved on our side. To verify this, you can visit my Trading View page and check my analysis history, which I’ve shared with you every weekend. Now, let's get into the Bitcoin analysis: If we look at the overall structure of BTC, it is simply a descending range, but if we zoom in, the inefficiency zone has always been an important trigger for Bitcoin's structure, even when bearish. What I mean is that every time it touches the inefficiency zone, Bitcoin surges upward strongly. If you look closely, the largest bullish candles appear in the inefficiency zone. It is also where a head-and-shoulders pattern was formed, but when it touched a demand zone, the price shot up like foam, just as we had predicted. It’s simple... If we can see the overall structure, we have a very important 'KEY ENTRY POINT' (KEP) on the bottom left side to consider, and that same 'KEP' is the area Bitcoin has been respecting frequently. So, we can conclude in this analysis that, as Bitcoin has respected the entire bearish sequence of our trend channel 1, 2, 3, and 4, point #5 was key for retesting our 'KEP' at position #6 and then surging strongly to the inefficiency zone, resulting in a small natural pullback to accelerate the price and almost hit our resistance point #7. But what will happen now? NOTE: If there’s no breakout, there’s no party! I’ll present you with two scenarios (Bearish and Bullish) that Bitcoin may follow this week: Bearish Scenario: If there is no breakout, there’s no party! The price will simply validate our point #7, reject it, and continue the bearish sequence of the channel. We can distinguish this based on the volume and the strength of the candle (keep a close eye on that). Bullish Scenario: The price is about to validate point #7. If starting on Monday, we begin to see strong bullish volumes in Bitcoin, you can be certain that Bitcoin will break the channel. Consequently, we could see a new high after the breakout, followed by a pullback that returns to what was the channel's resistance (now support), and from there, a structural breakout or a new high. I call this pattern N3. The simple fact that the price breaks out and the full candle is outside of my channel, I consider it a genuine breakout. So let’s hope it happens this week. Regards, and thanks for supporting my analysis!"
COINBASE:BTCUSDLong
by RocketMike111
GOOGLE THis is what i call SOLID DESICION !! Finally, Google breaks the bearish channel! And we are still at an excellent buying price! If you're in for the long term with Google: This is what we call a SOLID DECISION! Despite the recent bad news Google has faced, like lawsuits and other security issues, fundamentally, Google has always shown strength: 0 debt, solid sales and earnings, and, best of all, it’s an innovative company. With an intrinsic value of $180 per share, it’s definitely a long-term buy. My advice always: forget the news; the numbers speak for themselves! One of the most solid financial statements in the market at a great price. Now, let's move on to the technical analysis of Google: Finally, Google breaks the bearish channel with great strength, after respecting our inflection zone (blue zone). As you can see, the price has respected this zone significantly. I’ve been analyzing Google and its rebounds in this zone for months, and we've been forecasting each movement based on the buyer pressure volume when touching this critical area. In this case, I’ve drawn a vertical line, indicating we're getting closer to Google’s next earnings report. In my opinion, the price will pull back around the $187-$168 range before continuing its bullish trend. Remember, as Google’s earnings report approaches, we’ll likely see a significant price increase. Key point: This earnings report will be crucial for Google to move closer to $191, obviously if the report is favorable, but let’s not get ahead of ourselves. First, we want it to pass the point of interest around $168. Let’s see what Google has in store for us this week... Thank you very much for supporting my analysis!
NASDAQ:GOOGLLong
by RocketMike111