$BTC $QQQ -As I predicted 2 months ago, we are marching up towards $91K. That will very likely be the top and we will head right back down. Monthly closes above $84K and certainly $91K would negate that. Otherwise, down we go...
$BTC $QQQ- #Bitcoin road to $45K over the next few months ๐ฎ. Everyone is getting mega bullish here already, but I think we see a double bottom to close the quarter near $62K-$64K. Then we will see the right shoulder form where everyone is getting mega-bullish again while we go up to near $90K. This will be a back test of the monthly MAs that BTC has lost. Then BTC will plummet by 50% and hopefully we hold $48K on monthly closes or it's going to get a lot worse. It has been pre-determined - prepare accordingly ๐ฏ
$NVDA $SOXL - The symmetry is amazing, looks like it can be a perfect double top on the monthly timeframe. If it holds, I'd look for a monthly close around $208. Then - a 6 to 7 month march downwards towards $95.
$QQQ - I suspect we are getting close to a reversal in equities. Not coincidently, $OIL looks ready for a rebound as well. If we get a small spike, I'd look for the $26,160 area - closing above that area on daily / weekly basis would invalidate the reversal and would likely mean higher. Otherwise, it's a question of a long, protracted reversal down versus a crash. I'm guessing the long protracted version but let's see what we get.
$QQQ - I suspect we are getting close to a reversal in equities. Not coincidently, $OIL looks ready for a rebound as well. If we get a small spike, I'd look for the $26,160 area - closing above that area on daily / weekly basis would invalidate the reversal and would likely mean higher. Otherwise, it's a question of a long, protracted reversal down versus a crash. I'm guessing the long protracted version but let's see what we get.
Reminder that usually the first move at the beginning of the week is the false move. Price is retesting last week's highs, back testing lost levels of support, retesting resistance levels that weren't broken in the previous period etc. Not always the case of course, but very often is.
$BTC As predicted in my post 2.5 weeks ago, we got the double bottom. Importantly, #Bitcoin closed the month above the bottom line of that channel. I think we see a rebound all the way back up to $85K with wicks that could go as high as $91K. Everyone and their mother will be claiming a new bull cycle but ignore all of that unless you see weekly or monthly closes above $85K.
With near certainty, this will just be the right shoulder forming and it will crash all the way back down and through $64K to the channel below. Look for a weekly close tomorrow above $68.1K as the first sign for a temporary surge back upwards.
$BTC As predicted in my post 2.5 weeks ago, we got the double bottom. Importantly, #Bitcoin closed the month above the bottom line of that channel. I think we see a rebound all the way back up to $85K with wicks that could go as high as $91K. Everyone and their mother will be claiming a new bull cycle but ignore all of that unless you see weekly or monthly closes above $85K.
With near certainty, this will just be the right shoulder forming and it will crash all the way back down and through $64K to the channel below. Look for a weekly close tomorrow above $68.1K as the first sign for a temporary surge back upwards.
$BTC $QQQ- #Bitcoin road to $45K over the next few months ๐ฎ. Everyone is getting mega bullish here already, but I think we see a double bottom to close the quarter near $62K-$64K. Then we will see the right shoulder form where everyone is getting mega-bullish again while we go up to near $90K. This will be a back test of the monthly MAs that BTC has lost. Then BTC will plummet by 50% and hopefully we hold $48K on monthly closes or it's going to get a lot worse. It has been pre-determined - prepare accordingly ๐ฏ
@BITCOINFUNDMGR Curious how you reconcile your equities short term pump with a BTC continual dump? It is very unlikely they go in opposite directions, so one of the predictions seems incorrect right? Starts of months usually pump to back test lost supports, so Iโm leaning short-term pump.
@HarmonyFlame@TheBTCTherapist Youโre completely right. Prices just move randomly up and down on the screen haphazardly and with no predictable movements. Instead, the short, medium, and long term direction of any price depends on if countries are buying or selling. Good luck with following your hard analysis.
@Micro2Macr0 Bitcoin has never existed outside of one of the greatest market bull runs in history. Advice like this is what will lose people half of their money. Sure, if you are going to hold for 30 more years you will be fine. But $BTC could easily go down by 60% more from this level.
$BTC - As I said 2 weeks ago ๐ฎ - #Bitcoin March close of $62K looking like a good bet with 5 days to go in the month. Let's see what we get. I am not a buyer here, I think we see much lower over the coming years.