Investratiques

BTC is currently approaching a strong resistance area in the weekly timeframe that could potentially decide where it will go in the next couple of months. Although we know that the bull market is just around the corner, the right question to ask now is "When will it start?". For me, it is still for the market to decide. But historically speaking, back in Feb 2020, the same pattern happened in BTC after a descending triangle breakout, in the 2nd week of Feb 2020, from 10.7k it crashed back to 3.7k before the bullish trend was totally locked in. This is more than -60% drop before the bull market officially started. At the moment, the lowest pull back in the price of BTC since the inception of the uptrend late of 2023 is just around -30% drop, which gives me the doubt if its really ready to push hard to the upside. Although there are fundamental factors that might be affecting the current trend, I will opt to watch a little bit more and wait for a confirmation before an All-in call. The next bull market can be a life changer, stay ready.

I'm very bullish here. In my 7 years of trading experience, I've seen the same pattern as LRC many times, and this could be another time to enter and wait. Thank me later.

HalvingCorrection RateDowntrend days Distance from Halving Start of Recovery1st Halving -42%70 days 105 days before 35 days before2nd Halving-40%49 days 28 days before 21 days after49 days after3rd Halving-63%28 days 91 days before 63 Days before4th Halving -41%42 days 42 days 35 Days afterShort position price targets: 44,000.00 1st Target 36,000.00 2nd Target 32,000.00 3rd Target***********Based on history, there is always a massive price correction on BTC before or after the halving event. At least -40% price drop has been consistent since the inception of the halving event, and it has become consistent throughout the life of Bitcoin. Presented with these facts, we can assume that the market is still headed for a further price drop to complete the bullish pattern in the coming months. BTC is currently priced at 63k as of today, which is equivalent to a -15% price drop from the previously locked in ATH, the bullish momentum was put on halt after having a clear doji candle in the weekly timeframe which is set to turn into an evening star candle sticks pattern in the upcoming weekly close.Downtrend is expected to continue in the coming weeks as the halving event gets nearer. But there could also be a scenario, where BTC will bounce back 2 weeks from now after a -30% price drop. We'll have to see how things turn in the next few weeks. Caveat!

BTC's highly anticipated Bitcoin Halving might create the same pattern during the 2nd halving. Meaning, we might expect an exhaustion from it's current price of 42k down to 37k area or can even go lower to 31k area to touch the previous resistance area. This pattern was the same pattern after the 2nd halving where BTC exhausted around -38% from it's previous high before the halving occurred and soared high up around 4,000% right after the massive holder's elimination. If the same scenario will happen and BTC touches the 31k area, almost the same downside percentage will occur which is around -35%. Based on my 7 yrs of trading experience, hard pumps usually comes from hard dumps, so there's a high probability that this scenario will happen again this time creating a long candle wick in the weekly candle. However, since there is already this ETF's at play, institutions might be willing to push the price up without completing these expected downturns to create massive returns for their investors. No one is really 100% certain of what's going to happen in the coming weeks before and after the highly anticipated halving, but one this is for sure, BTC and the overall crypto market will enter the bull market this year until next year. THIS IS MY BOLD CRYPTO PREDICTION AND I SHALL STAND FULLY RESPONSIBLE OF THIS!Caveat! For Mentorship and Trading Tutorials you can Message me thru commenting on this post.

A hard close above 0.17 in the weekly timeframe could confirm a huge incoming uptrend. At the moment, it is continuously creating higher lows that signifies strength by the bulls. Watch out for OGN!

Weekly and Monthly chart looks very promising with a potential upside up to more or less $300. Double bottom with a cup and handle pattern in the weekly chart is a huge indicator that NEO is ready to make a huge move in the coming days. 300 is high likely the target if crypto bull market get's intact in the coming weeks/months. The best time to enter and wait for NEO is NOW! Caveat.

There's a high probability that TRB is bound to create another high after continuous creation of higher lows in the 4 hr timeframe and showing possible downtrend reversal in the Daily timeframe. Both MACD and Stochastic RSI indicators says that the pullback might be over and reversal may come soon. We're just waiting for that trigger long green candle to make this thing blow up again.

Based on the fractals of BLZ with the same pattern, a confirmation in the daily timeframe has already took place yesterday. We can expect to see a pullback up to the previous resistance area which is around .21.

Weekly Stochastic and MACD have already made its initial trigger signal supported with a daily candle breakout in the outside upper Bollinger Band . There's a high chance this thing breaks out anytime in October. Otherwise, downtrend shall continue. Caveat!

The consolidation phase of the market as of this writing simply shows that the market is just waiting for a trigger for $NASDAQ:ASTR to blow up as a reaction in the upcoming announcement by Astar Network on the 13th of September. "SUPERNOVA" they it, might make the difference. We don't know the details yet, but one thing is for sure- they won't hype it if its nothing. The normal trend is to sell on news, but if the news is very material- the market might become unstoppable.https://twitter.com/AstarNetwork/status/1696885597749592551?s=20Caveat.