MR_ElComo

This is the path I expect for bitcoin for the next few weeks

This is the possible path BTC could follow in the new few months. Regarded to my previous analysis which i anticipated bitcoin to rise up to 39K and then back to 15K.This analysis would be invalid if the price goes above 40K.

Is there a new bull run? By the first look, you might be thinking of the btc's chart to be forming the BLACK SCENARIO. But in my opinion, what is gonna most probably happen would be the RED SCENARIO. which means btc could rise up to 39,000$ and afterwards, another drop will come to the scene down to 18,000$. Yes. Definitely i might be wrong and my analysis would be invalid in case the price goes strongly up to 40,000$.

If you check out the monthly TF and the "50 months MA", you see that 21600 is the MA's number at the moment. besides,if u take a look at the weekly TF and the "200weeks MA", you see that app. 23000$ is the MA's number. Then we come back to Daily TF, and see meaningful reactions of the price to this range( 21600 to 23000 )----> this area is shown on the chart.On the other side, the long-term important trend line(the GREEN line) is on the stage. and now the price is stuck between the "moving averages area" AND "the long-term trend line". In case the trend line is lost,we go for 13K and in case 21600 and 23000$ are taken back,we can go up to 26000 as the first and 30,000 as the second target.Personally, as i said in my previous analysis, I'm more BEARISH and guess the trend-line will be lost and we go for 13K. The market should make its decision in the coming days.Would be glad to have your comments and ideas.Respects,ElCo

Hi friends. I'm here with my new analysis for bitcoin. To have a comprehensive look at the chart and determine what could happen for bitcoin,i prefer to use the monthly TF. As u can see on the chart from the very beginning, the momentum of each uptrend has DECREASED compared to the previous ones (The GREEN arrows)On the other hand, each Retracement has gone SHARPER compared to the previous ones (The RED arrows)and finally, the "distance between each low and high" has DECREASED as well. Qua the first leg up has gone for 50,000%. The second leg up has gone for 10,000% and the last leg up, has gone for JUST 2000%.All these three facts coming together, show the "LACK OF STRENGTH" for the long-term uptrend which could lead to lower prices such as 13K and 4K for bitcoin! However it may not happen. But it's totally possible. BUT HOW TO RECOGNIZE if lower prices are likely to show up? you see the green long-term trend line AND the light green 48months MA on the chart which both are probably at the same point. If these two super important and critical supports are lost, then we will easily go down to 13K and in that case, losing the 13k support zone and reaching 4k wouldn't be difficult at all!At last, "in my own opinion", considering the three facts i mentioned above at the beginning of this analysis, i anticipate the price to AT LEAST go down to 13K and on that price, i will check out the conditions again to see if it's possible to hit even 4K or not.Would be glad to hear your kind comments about this analysis. Respects,ElCo

Well,price broke the triangle up. But what do you think about this harmonic pattern and the 48k resistance? I see it as a "reversal point" and as said before, I'm bearish down to 20k, unless price goes above 53K. Currently I have invested about 30% of my money and the rest will be at around 20K or above 53K.

Everything's obvious on the chart... As long as BTC's under 53k, i stay bearish down to 20K.

In my opinion, BTC will move down to app. 20,000$ soon or late. and i have reasons for what i say:1- "MA 120" has crossed down "MA 375" in daily time frame. In the history of btc,every time this event's happened, bit has experienced a sharp move downside, no exceptions! you can check it out. Why MA 120 and MA 375? Every chart has it's own specific MA period of which the chart has shown the best reactions to that.For btc, those are 120 and 375 which you can check it out as well.2- The volume is still low and i think we need much more volume for btc to make a run. 3-In the 6months TF, we have a strong pin bar which could be an alert. This analysis will be invalid in case BTC crosses 53K up.Will be glad to hear your opinions.

As seen on the chart, a long-term trend line(the green line) is on the way and also the 1.5$ support. Therefore ada's gonna seem absorbing to me at 1.5$ for the first purchase and on the green trend line(just in case) for my second step. My first target will be around 1.85$.This analysis is invalid in case the 1.5$ support and the trend line are lost.

ICP is on a very strong support both on the chart(38 to 41$) and the RSI. and a falling wedge on 4h TF. Moreover, ICPBTC is now on the all time low, Guess it's the time for it to show some good moves. The targets will be 52,70,86 dollars.