MonkeyPhone

Bitcoin has had quite the run up since 2023 and is currently in an ABC corrective pattern after a 5 wave impulse. The January high was the starting point. The April low was A. Now is the top of B which happens to be 0.618 retracement of the A wave. What follows is a down move for C which should end somewhere between 63k and 53.5k. This will make a bottom and will stay in accumulation until late 2027 early 2028 before shooting to the upside in anticipation of the next halving.

This is what I envision for Bitcoin up until 2030. I believe this current 2 week candle will close as a doji and then the following weeks after the US elections to be bullish. Bitcoin peaks around $93,236 based on fibs. Distribution will take place and price will thenhave a 50% to 60% bear market retracement that takes the chart into 2027 or 2028. That's where the market will bottom at around $45,000. Once renewed enthusiasm comes back into the market there will be a parabolic move skyrocketing Bitcoin to $336,000 where it will consolidate for some time having 40k + and - swings. After redistribution, hyperbitcoinization starts to become a reality around the world with one country after another making it their standard form of payments. At this point, there will be no top, at least not in our lifetimes. Bitcoin will continue to rise as global adoption takes place and by 2140, the year the last Bitcoin will be mined, you will use your Bitcoin to do anything. As Michael Saylor puts it, "There is no second best."

After a large move up on ETF news ether has consolidated over the past couple of weeks. In my opinion that is nearing its end and is about to go higher.I think bitcoin will hold around here for some time and let ether take the wheel.

$ada Cardano ready to breakout of accumulation Any day now ADA will breakout of over a year of accumulation. It is one of the few coins that haven't seen a significant rally as of yet. That is about to change in my opinion. A conservative price target would be $1.05ish where the 77 Vwma currently sits. A 155% gain. A timeframe on this would be about 2 months to target.

On the cusp of a legendary run Looking at the chart you can see we found support at the 200 Ema using 2 week candles at the beginning of this year. Price has more than doubled since then. We've regained the 8 Ema over the 21 and are starting to expand rapidly. Edge to edge cloud trade would put us at $42,500 as a short term target. The only thing that has kept this run in check so far is the 77 Vwma. I believe if we can decisively break that, Bitcoin will start a historic bull run topping out around $336,000 based on a fibonacci plot from a previous move. This is all without taking into the likelihood of a spot Bitcoin ETF slated to be approved by January 10th, 2024. That could be the catalyst to finally push through the 77 Vwma. All dips are for buying for the immediate future in my opinion and will be adjusting my trading strategy accordingly. Best of luck tradingviewers.

We're seeing a bit of relief from the rapid fall from 31000. I expect the upward momentum to continue until 28500 before ultimately breaking down with a target of 25000.

In my opinion we've stalled on the recent uptrend on Bitcoin. I believe we'll have around a 2k price drop in the coming week or two which would sweep the lows at 26400. After that I think we will try to break through the resistance at 32000. The current trend is bullish and until proven otherwise, the march of the bulls is well underway.

It was an interesting start of the new week as traders gathered round in mass and tried to break support. The dip that should have been bought has passed and now we can only buy in higher. But fear not, this is only the beginning of the new run, the lows are in and we can enjoy months of up only. Macro doesn't matter in these times as greed will only fuel the beast. So I ask of you, are you in or will you watch from the sidelines? The time to act is upon us.

I was looking through some of my old trading strategies and ran across my CCI setups. What's interesting about this chart on the 2 week per candle is that we are currently crossing up from -130 and -70 on the CCI. This is the 4th time it's happened in Bitcoins history. Each time it has done so, it has been the beginning of a notable increase in price and has triggered a bull run. Is this time different?

Unfortunately I see Bitcoin retracing this recent move up unless we really are starting the next bull market as the stochastic is approaching the overbought zone. Each time it has hit that since June, we've had a sharp retracement. Macd is turning up from the zero line though and CCI is showing a very strong trend upwards. If we are to get any more upside, I believe it will be capped at 21,700 at cloud resistance. The decending triangle Bitcoin just broke out of, the bottom of that is at 18,400. So if we were to reenter the triangle, I'd expect that to be tested once again 🤔