ProfitForecast

Litecoin is a sell with brewing H&S forming in both price action and RSI. Price target $56 weekly demand zone.

Look for price to jump back to 28k supply zone soon. This will act as a base for the coming bull market headed into late 2023..We got nearly all of 2023 price action correct. Let's see if the 2024 prediction holds up!

Expecting a short-term move back to 20.2k. Could play out before the weekend's over. Should we see this play out, Bitcoin's reaction off the $20.2k level could be a telling sign of the broader market sentiment moving into the new trading week.

This analysis derives from a strategy I've put together over the past few months, based mostly on using the Bollinger Bands to generate future key market levels. All support and resistance levels are calculated based on the volatility of a specified time / price range. In this example, the base S&R points used are marked in blue. A video explanation can be provided at some point if there's interest. . it is a relatively simple strategy that has yielded surprisingly accurate key levels, well out into the future. Thanks to anybody who stopped by! Good luck trading!

Short-term bearish activity playing out on the BTC chart Expecting price to re-test today's lows, a break could send price plummeting between $19.3k and $19.5k Support and resistance levels have been calculated by a strategy put together using the Bollinger Bands.Failed to mark the area around 19.8K as a strong demand zone. Market temporarily wicked below, but looks as if it'll play around with the area before making a final decision in the coming hour so.

This BTCUSD analysis derives from a strategy I've put together over the past few months, based mostly on using the Bollinger Bands to generate future key market levels. All support and resistance levels are calculated based on the volatility of a specified time / price range. In this example, the base S&R points used are marked in blue. A video explanation can be provided at some point if there's interest. . it is a relatively simple strategy that has yielded surprisingly accurate key levels, well out into the future. Now, here's my stand on current BTCUSD price: Lots and lot of clear price exhaustion... will likely lead to further downside. There's a huge recessionary cloud above our heads, and it isn't likely to go away. Bitcoin is moving like an unprofitable tech stock, and the near-term future is very dim for names in that category. That said, I have very little faith in the present level $18k-$20k support for BTC. While this is a good area to begin an incremental DCA strategy, I would deter most from flippinh bullish here. My personal risk strategy involves another gradual move to a lower range which will see Bitcoin re-test the 10k - 14k zone. This is a price zone Bitcoin previously zipped through with solely buying volume and almost no sellers. This almost always creates clear areas price will one day re-test, and we may see that time come in the coming weeks to months... This time around, I am expecting to see more price discovery in the range. In other words, not expecting an immediate bounce off these oversold levels. Thanks to anybody who stopped by! Good luck in the future.