This is what we should expect from Ethereum. If we lose the yellow line which is the long-term weekly support, a strong correction is coming down to 1120, which is nothing more than the width of the channel. Conversely, if we break upwards the first descending channel in blue, the first target is 4300; if we break that, it's 6k, and if by some miracle we break upwards the ascending channel in yellow, which I don't believe will happen, we're going to 15k. In my opinion, we will be lucky to reach 6k by mid-year. Currently, we are at the most important support of all, which has been holding since June 2022; if we lose 2500, a crash is coming. Let's hope not. Regards $ETH
I have seen few talk about this and it is something super basic and just as important as technical or fundamental analysis. For the market to rise, there has to be fear. The last lower peak was marked by the collapse in August when the price hit 49k; since then, the price has not stopped rising until greed started to exceed 80 points. Currently, we are at 49, and we would need a few more days of decline and fear for everyone to sell, thus restarting the market for a new rise. In summary, buy in Fear (20 to 30 points) and sell in Greed (+80). You can check the history, and it is something that always repeats. Regards $BTC #BTC
For those who are more scared, I've already read several. Nothing serious has happened, the channel was simply retested to liquidate and fall again. I hope that now it will be up to 88 to 85k to complete the fall after having broken the channel on December 22. We have about 10 days until the madness begins with Trump's assumption and then I expect a good bullish rally to 120k or more if possible. Regards $BTC #BTC100KTrumpEffect #BTC
I'm sorry for the bulls, but until Bitcoin drops to 85k on the daily, we continue to respect the technical analysis by breaking the channel in yellow. Currently, we are retesting it but it has already been lost again in 4 hours. I still think the same, until days before Trump's inauguration we won't see new highs. Regards and happy new year #BTC
The similarity in the December 2023 chart with this current year is incredible. If history repeats, it should be rising by January. I still believe that the next rally to 120k will happen on the same day Trump assumes the presidency. It will be a rise purely due to Fomo, like during the election, but in any case, it should be taken advantage of. Regards #Bitcoin! #bullrun2024📈📈
Reviewing charts, I found an interesting coincidence. On 11/5/2020, the previous halving began, and until 01/21/2021, BTC rose by 390% in 245 days, moments where a correction of 45% began, lasting 2 weeks, taking the price from $42k to $29k. On 04/15/2024, this last halving started, and 246 days later, it rose by 81.5%. That is 4.8 times less than the previous cycle, and continuing with the trend, if it corrects by 4.8 times less than before, we should have a drop of about 10%, taking the price from 108k to around 98k, which is almost the bottom of the ascending channel in which BTC is. And the last coincidence with the previous cycle is seen in the last photo with a white circle. This indicates that when the price reached the maximum of the previous cycle, it took 8 weeks in both cases to start the correction. For me, it's pure coincidence, but I wanted to share it because it caught my attention and also to calm some who are desperate because BTC fell by 5%; you see, in 2021 it fell by 45%, and a few days later it was at 70k. Regards #BTCPricePredictions #bitcoinhalvin $BTC
Hi guys! Would this move be crazy if we entered a medium-term corrective phase? I think the correction will only go up to 86k but you never know. I think the Fomo will return by January 20th when Trump takes office. Regards #BitcoinPrediction $BTC