Bitcoin price projection

W

wxytrader

Ok well looking like a single correction is forming so back down to 50 ish...and if a double correction then down to 40ish. If Bitcoin doesn't leg up again then this is the pattern I'm expecting. It definitely looks to be weakening on the RSI. So either way the correction is coming just might not be quite done yet.
 
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Which time frame are you using for your projection?
On the daily chart it's still doing well. Unless I
see a major technical broken on the dailies I
stay bullish.

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mikeriley said:
Which time frame are you using for your projection?
On the daily chart it's still doing well. Unless I
see a major technical broken on the dailies I
stay bullish.

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(Weekly/daily/4hr)
I'm expecting some sideways movement and an ABC single correction at least. It could still make its way to 70k + before the correction. Basically if it does not launch to 100k then the correction has begun and could take us down to mid 40k by the end of the year before the major move.

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Although another part of me agrees with the cycle repeat chart. The next few weeks will be very telling.

https://charts.bitbo.io/cycle-repeat/
 
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(Weekly/daily/4hr)
I'm expecting some sideways movement and an ABC single correction at least. It could still make its way to 70k + before the correction. Basically if it does not launch to 100k then the correction has begun and could take us down to mid 40k by the end of the year before the major move.
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Very good, I also agree with your analysis.
 
wxytrader said:
Ok well looking like a single correction is forming so back down to 50 ish...and if a double correction then down to 40ish. If Bitcoin doesn't leg up again then this is the pattern I'm expecting. It definitely looks to be weakening on the RSI. So either way the correction is coming just might not be quite done yet.
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Did you just get done watching a youtube video on trading?

Such a smart man....
 
Tokenz said:
Did you just get done watching a youtube video on trading?

Such a smart man....
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If you want me to dumb it down for you. It's basically a large cup and handle. I was the one calling for this 60k bitcoin push back in the summer and during the FTX scandal while everybody was running for the hills.
 
Another thread on bitcoin price... and the analysis is:

A) it might consolidate
B) it might keep going up another 30%
C) it might correct 30%

In my opinion.... water is wet.
 
100K would be the correct answer

Bitcoin traders are very very indecisive, 2nd guessing themselves, VERY FEAR oriented...very haphazard and WILL SELL AT AN INSTANT...buy again the next Instant and then SELL AGAIN THE NEXT INSTANT

there is no conviction, they have no analytical confidence, they NEVER HOLD ANY REAL GAINS..and then they chase based on fomo

"Diamond Hands" is their biggest Oxymoronic statement in the history of trading
 
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Pricechange said:
100K would be the correct answer

Bitcoin traders are very very indecisive, 2nd guessing themselves, VERY FEAR oriented...very haphazard and WILL SELL AT AN INSTANT...buy again the next Instant and then SELL AGAIN THE NEXT INSTANT

there is no conviction, they have no analytical confidence, they NEVER HOLD ANY REAL GAINS..and then they chase based on fomo

"Diamond Hands" is their biggest Oxymoronic statement in the history of trading
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What exactly are you taking about? Many (most?) Bitcoin holders are the opposite of this… they never sell. Haven’t you seen all the statistics about the amount of coins that haven’t moved in one year plus?
 
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