Three positive signals achieved on Bitcoin... but when will the launch be? And what is the expected target?

We explained three extremely important technical signals on the#bitcoin , and mentioned that if they are achieved, the likelihood of reaching new peaks is very high. Today, these signals have been achieved; let's analyze them in detail to predict their targets and the expected time to achieve them.


🚀 First signal - Hash Ribbons

One of the strongest signals I have ever seen!

⭐ Signal explanation: Simply put, when a Buy signal comes from Hash Ribbons, it means the market is entering a phase of accumulation and long rise, provided that the close is not below the last low (currently: $76,000)

⭐ Success rate: 14 out of 16 times! (87.5%) and even in failure cases, Bitcoin rose about 50% before failing!

If you want to check the data and chart:
Chart: https://tradingview.com/chart/ZcCnJMrJ
Data: https://docs.google.com/spreadsheets/d/1s3YmMH_JkmzhY5SS7Ayh1XgTD44Gb3pYqG5CRSmIwfA/edit?usp=sharing

🚀 Second signal - the positive zone on the daily time frame

⭐ Signal explanation: RSI entering a positive zone on the daily time frame = beginning of an upward trend!

⭐ Success rate: +70%

⭐ Expected target: Its targets are outlined on the chart but the last target is $131,854, which is very close to the Hash Ribbons target, reinforcing its strength

Note: We cannot determine a precise duration here, but the signal clearly enhances the positive outlook!

🚀 Third signal - the 5 Exponential Moving Average

⭐ Signal explanation: Weekly close above the 5 Exponential Moving Average = an upward trend officially starts

⭐ Success rate: Over 70% in election years for a U.S. president (and increased due to two consecutive failures this year!)

⭐ Expected target: Between $101,000 and $120,000

This signal is one of the simplest signals, but we notice that any upward trend in Bitcoin started after this signal as the close of the$BTC above the 5EMA is usually a strong signal, especially after two negative closes!

If you want to check the data and chart:
Chart: https://tradingview.com/chart/1RZEXpnZ/
Data: https://docs.google.com/spreadsheets/d/1aCIP1N01lC3REoOuOaivi8DwlgcMx0EvjhZXbudgQeo/edit?gid=1021404717#gid=1021404717


🧧What is the expected timing for the peak?

These three signals are considered the most important three signals for me to support the strong upward probability, as each signal has a success rate of no less than 70%, but the problem remains when we expect the peak?

Depending on the Hash Ribbons signal and another signal we also explained, which is the Death Cross

We notice that if the "Death Cross" signal is merely corrective, the return of the Golden Cross will typically be around May or June, and three months after that, Bitcoin usually reaches its peak, which is around August or September


💥Potential failure point:

All these positive analyses become invalid if Bitcoin closes weekly below the $76,000 level. In that case, I will shift to a strong negative outlook, and I might anticipate a drop to $60,000 or perhaps much lower.

🔥 Summary:

#البتكوين Currently very positive with three main signals:

Hash Ribbons
Daily positive zone
Weekly 5EMA

And the targets currently range between $120,000 and $145,000 as an initial target, with the expected peak in August or September.

But be careful… Breaking $76,000 with a weekly close = complete failure and my outlook will shift strongly negative!

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