MCFractalStudies

The market has experienced a decline over the past few days, leading to the liquidation of leveraged long positions and the introduction of new liquidity. This may represent a healthy correction within the context of the broader market trend, which remains firmly upward. As such, the optimal strategy continues to be to buy on dips.Key levels to monitor include the strong support area around 84,500, with additional support at the 73,000 level. While these support levels may not be reached, it is wise to stay alert for potential buying opportunities if the market approaches them.Take care!

The big bitcoin bull flag pattern, which began in March 2024, has officially come to an end yesterday with the break of the $70,000 level. This development suggests that the market has resumed its uptrend, which can be traced back to January 2023 or even as far as 2009.With the market currently hovering around all-time highs and the bull flag pattern having been completed, we can expect increased volatility on the upside, potentially leading to a breakout of all-time highs.However, it is essential to remain cautious and prepared for potential downturns. Key support levels to watch include:• 67k-68k, which remains an active support area• $62,000, a major support level• $43,000, the whales support, although a decline to this level is considered unlikelyWe'll be dialing back the frequency of our updates, focusing on major market developments and occasional insights from other spaces; take care!

Following up on our previous update, the market found support at the anticipated level, resulting in a double dip, and subsequently rebounded.From a technical perspective, we remain within the confines of the long-term bullish flag pattern. A break above the 70k level would confirm the end of this pattern and potentially trigger a new leg up. Meanwhile, near-term support is expected to be found around the 66k level, IF we get there.To be continued..

Following a strong September rally that lifted the price from the lower boundary of the bull flag, Bitcoin is currently experiencing a retracement, with the price hovering around key support levels. If this support holds, it may set the stage for a potentially bullish October. Investors with a bullish outlook may consider entering the market at current levels, although it is essential to acknowledge the uncertainty surrounding the price movement. The outcome is not guaranteed, and the price may either bounce back or break through the support level. Further updates will be provided as the situation develops.

The current market sentiment appears to be shifting in favor of a bullish trend for Bitcoin. Notably, the cryptocurrency remains within the confines of a bullish flag pattern that began in March 2024. Despite this, bearish momentum seems to be waning, suggesting that a reversal may be imminent.We anticipate a potential breakout to the upside in the near term, with a clear bullish trend resumption likely to occur in the coming weeks. Further updates will be provided as the situation develops. Investors are advised to remain vigilant and prepared for potential market volatility.

- This is an update to the Jul 18 post/idea -Following an enthusiastic rally, the market has finally taken a breather, dipping to the ascending support level currently at of $64000. There's even more substantial support at the $61,800 level, where we can expect more buyers to jump in if prices dip that low.Looking at the bigger picture, the bullflag pattern that started in March seems to be nearing its end. After finding a bottom in early July, we may be ready to continue the upward trend and potentially surpass previous all-time highs. However, it's important to stay cautious as market conditions can change quickly. Our response should be guided by our well-thought-out plans.For those with a taste for calculated risks, the current levels or lower support levels could be attractive entry points. That being said, let's remember that we are still technically within the currently active bullflag/retrace (downwave) that began in March, so it's important to maintain a sense of caution. A clearer bullish signal will emerge once we break out of this range decisively, paving the way for more confident optimism.More to come..

The market has undergone a notable retracement since March 14, spanning five months and encountering a significant number of sellers along the way. Despite this extended period, the market has demonstrated resilience, with dips consistently being purchased.Currently, we have reached the next resistance level, denoted by the red line at approximately $65,100. We may experience a minor retracement within the current upwave, leading to a temporary dip.Eyes on the ascending support level at $62,000, with an additional, stronger support level at $60,000. Technically, we are still within a downwave that commenced on June 7, which is part of an even larger downwave that began on March 13. As such, we have not yet transitioned into bullish territory. However, there are indications that the bears may be losing momentum, warranting cautious optimism and close monitoring of market dynamics.To be continued...

What's going on with bitcoin, it went up to the top with such an hurry only to pause post halving, right now having a retrace.We can see there is a good level of support in the 57k-60k area, as of now it looks like holding the price up well.On the upside we have some (minor?) resistance around the 67k level.Technically speaking we are in a healthy uptrend, this is the first retrace post halving and more importantly post ATH, i would expect the uptrend to resume soon and eventually see new record highs, in fact the real uptrend might be just starting soon.On the down side, should things get bad for any reason and support be broken, we have heavy support at around 35k area, although i doubt we'll get there (i guess 57k-60k area is strong enough to support this retrace, but we can never know).

It's being a bit brutal but we're almost there, expect some good bulls bazooka at around 36k area.The next support level (very big!) is at 30k but i personally doubt we will get there, imo 36k support should give us enough bull power to resume the up trend or anyway have a sort of relief rally and consolidation.Eyes on 36k area, i will post an update when we get there.This dip was not only expected but somehow welcome as every uptrend needs healthy dips, the real bullrun has not even begun yet!

After a strong 2 months wave, btc is now showing signs of small weakness, might this be the beginning of a retrace?Charts shows the upwave started on october is still pretty intact, we have good support at around 40k level (first yellow circle), ready to help the bulls.If such support would fail, the next bigger one can be found on 35k (second yellow circle).Overall momentum is still on the upside we might get a dip in the coming days (might as well not!) but long-term hodlers shouldn't worry too much IMO, as always trade safe and good luck!