Bitcoin towards forming a LH before the big crash! 💥

2024年1月29日

Hi guys,
Events after spot ETFs approval and what I think next for BTC .

As always, this is not a financial advice and please do your own research.

Goodluck

2024年1月30日

註釋

Successfully crossed the 50 Daily MA

2024年1月30日

註釋

Twice hitting 44k-45k resistance around 43800 and failed both times.

2024年1月31日

註釋

3rd hit with 44k-45k resistance around 43800 and failure again. BTC then bounced back to retest the 42k-42.5k support.

2024年2月1日

註釋

BTC fell below 42k and we saw good support at 41.5k. A retest of the 41.5k support will be available if BTC fails to break above 42.5k.

2024年2月2日

註釋

Successfully crossed 42.5k and reached 43k. Now we have to wait again for Bitcoin attacks to 44k-45k resistance.

2024年2月7日

註釋

Finally, Bitcoin above 44k and still below 45k.

2024年2月8日

註釋

After hitting the 44k-45k resistance several times and failing to break through this range, BTC turned back down to retest the 40k-40.5k support range and managed to create a new support in the 41.5k-42k range. Where liquidity was provided to re-attack the 44k-45k range. And today BTC finally managed to break through the tough resistance of 44k-45k. So we successfully passed the first phase and entered the second phase between the levels of 44k-45k to 49k-50k. At this stage, before reaching the level of 49k-50k, BTC will have a resistance range of 46k-47k ahead.

2024年2月9日

註釋

BTC easily passed the resistance of 46k-47k and reached 48k. If we imagine Bitcoin as a human being, double top is closer to BTC than the jugular vein from now on!!

2024年2月12日

註釋

After reaching above the 49k level, BTC attacked 50k twice today and failed both times. It's time for a big decision for Bitcoin...!

2024年2月14日

註釋

BTC broke the resistance of 49k-50k level and climbed above 50k and even 52k. So far whales and bitcoiners have been able to make good profits from the bitcoins they accumulated below the 40k level.

As usual, now it's time to profit from altcoins. As long as BTC fluctuates above the 50k level, altcoins can also have a relative growth.

Considering that the resistance of the uptrend line of BTC is located in the range of 54k-55k, I set the upper limit of Bitcoin's rise in the current uptrend cycle at 54k-55k, unless something special happens.

So, I maintain this scenario and what I think for BTC after crossing the level of 49k-50k is to rise to the threshold of the level of 54k-55k at most and then fall to the main support at the level of 28k-30k.

But if BTC crosses the level of 55k and reaches above 60k, then the uptrend of the market will continue and the current ATH at the level of 69k-70k will be the last resistance of BTC and the last point of hope for the bears to lower the price.

Goodluck