BTC will go down before it goes up

2024年3月5日

BTC is at ATH levels already without taking a breath on the way up. I believe we will see some heavy sell pressure at these levels which will push the price down for now. Here's some of my reasoning:

• BTC has seen a sharp rise since the beginning of this year with no time for it to breathe.
  
• Cyclically, ATH breakout occurs November of this year which is still 8 months away.
  
• Volume is low
  
• Orderbook has lots of sell orders at 70k.
  

2024年7月15日

註釋

Looking good for October-November breakout

2024年8月5日

註釋

A significant support level has been reached. This is a great spot to go long

2024年8月9日

註釋

Sharp recovery from support

2024年10月14日

註釋

I believe BTC has seen it's last leg of downwards consolidation and we will only see upwards movement from now on into the next parabolic run.

2024年11月20日

交易進行

Breakout. Next resistance 105-110k

2024年12月18日

註釋

BTC could potentially see a sell off here as price approaches 110k. This is a key level as it represents the top of the fib extension. Timing the consolidation periods is tough during a bull market, so price may clear this zone. However, price action has been choppy up to this point so I think the market wants to sell off. regardless, this is a no-trade zone.

3月24日

註釋

BTC has completed its range and will head up higher for its final leg up.

4月14日

註釋

If BTC can clear its local resistance at 88k it's likely the price will start to climb towards 110k+ and push towards new ATH territory.

5月21日

註釋

BTC can begin a breakout in the next couple weeks. Targeting ~130k on initial wave. 150-160k for cycle top.