BTC Monthly - Charting: The Market's anticipation

1 paź 2023

I choose Long because overall I do expect such a run up to and over 100k in the future as most traders do also.
Maybe right now it is not exactly the time to long, IMO I still see reasons in the indicators that suggest more downward PA push.

This chart represents what the Market, social media, traders and speculation as of the time of publishing is generally expecting to happen, a bullish parabolic Price pulse(s) upwards to 135k -165k.

I placed the time line expectation for it as a relevance to matching with the last Bull Push to 68K. This next parabolic could happen about a soon as I have it currently plotted, and I would be surprised it follows that early time line, however it might.

Watch the trends, it (price action) could take a lot longer than plotted on this chart.

This mini picture included is how i followed a logical layout for this "Run Chart".

1 paź 2023

Uwaga

In relationship to the existing run chart, an expanded time pulse might look sometime added in like this.

30 paź 2023

Uwaga

This has a span of about 4 years as a weekly chart, against this posted monthly chart, looking at a chunk of forecasting PA from coping existing PA action in solid orange arrow, and a dashed orange line representing extreme PA and a proposed bordering area for complete breakout confirmation. Basically if PA breaks-out past my proposed dashed line, PA is on a different path and further new PA considerations should be made.

30 paź 2023

Uwaga

This is a closer zoom'd in view of expected normal indicator Price action future movement.

25 lut 2024

Uwaga

That ETF approval really boosted the price. I am sure the ETF for ETH will boost prices as well. Be alert for halving. All long term indicators (monthly, weekly, daily) are suggesting a continued BULL strength price action movement, for many weeks ahead is my best read.
Near-term Bearish conditions are unlikely, if the 4-hour has a steep breakdown this will breakdown the daily and possibly start a short-term bearish condition.
What we should all be aware of is that there will be "ga-zillions" ( exaggeration ) of new investment "dollars" entering into the market. This alone will continue to drive up the price of TOP 5 cryptos for years to come, until the market decides otherwise from reasons I could not fathom to think of.

11 lis 2024

Zlecenie aktywne

It is Nov 2024 now, and the surge of crypto has begun. New ATH's are resurfacing and pushing this market further along. The next cycle on this chart would be the 2nd green arcing checkmark line projecting towards the umbrella of 135k-165k. Figure when the surge starts the targeting ceiling of pause is relative between 100k - 125k.

Somewhere on this journey, and watching higher time-frame indicators, eventually expect a normally occurring price drop of 50%-75%. This drop could trigger at that 100k-125k surge or at the 135k-165k umbrella area.

Lastly ... 196k - 303K would be the next following natural price trading range... ahhh this is a few years away. Market capitalization and actual monies to permanently back up that pricing (or the pricing at lower levels not yet obtained) along with all the other coins/tokens out there.. well think about it? That is a lot of the "World's" money.