BTC/USDT has so far succeeded in hitting the target at 67K and the bullish crossing of the KST indicator is in accordance with previous analysis, yes, even though it did not succeed in forming an inverted head & shoulder pattern, the target of 67K has been hit as expected.
Next to 70K? We'll see, but because it's a psychological level, there might be small rejection.
GLTA💪🏻 ~R~ $BTC
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RPK_585
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Bullish
BTC/USDT Daily Chart, according to previous expectations, is likely to form an inverted head and shoulders pattern.
Coupled with the KST indicator which gives a bullish signal, in the next few days BTC will likely continue to push above 60K, if the head and shoulders pattern completes forming then it will confirm the movement to 67K.
The fear & greed index has also improved, currently at 52 vs 27 in my previous post.
BTC/USDT Daily Chart, according to previous expectations, is likely to form an inverted head and shoulders pattern.
Coupled with the KST indicator which gives a bullish signal, in the next few days BTC will likely continue to push above 60K, if the head and shoulders pattern completes forming then it will confirm the movement to 67K.
The fear & greed index has also improved, currently at 52 vs 27 in my previous post.
GLTA💪🏻 ~R~ $BTC
LIVE
RPK_585
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Bullish
BTC/USDT Daily Chart.
The KST indicator on the daily chart shows that a reversal will soon occur for BTC. The last time the indicator gave a bearish crossing signal was at the beginning of last June, and now the indicator will reverse to give a bullish signal.
If BTC manages to penetrate 62K and then forms an HL in the 60K area, and then continues to spike to penetrate the price of 62K again, then more or less BTC will create an inverted head and shoulders pattern, which will confirm the continuation to 67K.
If this happens in the near future, it could mean that currently BTC has reached the bottom, plus the fear and greed index currently states "fear" at number 27 which indicates fatigue and capitulation of market players, and BTC is in the Greed 70+ area at the beginning of last June, which is when the KST indicator started giving a bearish crossing signal.
Currently the daily KST indicator has given a reversal signal, no one knows when that will happen, but historically the BTC or Crypto market at large experienced a "Summer lull" where prices moved down or sideways from early June to August/September, and It is possible that because we have experienced a dump since June until now, the market may move sideways or there will be a slight increase until the end of August.
Thanks for reading✨ Stay strong & HODL💪🏻 GLTA💪🏻 ~R~
The KST indicator on the daily chart shows that a reversal will soon occur for BTC. The last time the indicator gave a bearish crossing signal was at the beginning of last June, and now the indicator will reverse to give a bullish signal.
If BTC manages to penetrate 62K and then forms an HL in the 60K area, and then continues to spike to penetrate the price of 62K again, then more or less BTC will create an inverted head and shoulders pattern, which will confirm the continuation to 67K.
If this happens in the near future, it could mean that currently BTC has reached the bottom, plus the fear and greed index currently states "fear" at number 27 which indicates fatigue and capitulation of market players, and BTC is in the Greed 70+ area at the beginning of last June, which is when the KST indicator started giving a bearish crossing signal.
Currently the daily KST indicator has given a reversal signal, no one knows when that will happen, but historically the BTC or Crypto market at large experienced a "Summer lull" where prices moved down or sideways from early June to August/September, and It is possible that because we have experienced a dump since June until now, the market may move sideways or there will be a slight increase until the end of August.
Thanks for reading✨ Stay strong & HODL💪🏻 GLTA💪🏻 ~R~
Buy the dip, keep DCA to BTC or alts that you believe in, this is a normal market phase, and many say it is similar to summer 2020.
Remember, the market cannot continue to rise, and likewise the market will not continue to fall, there must be a change in direction and our job is just to wait and see.
"The time to buy is when there's blood on the streets"
Sell when other people start to get greedy and think "oh the market will continue to rise unlimitedly".
When people are afraid and say "Aaaaa the end is over, it's all over... there's no hope anymore", that's actually a good time for accumulation.
Time to time, the mood of the market will always be like that, especially because the participants are unstable but tend to act like they know and only get enthusiastic about buying when they are already caught up in the bull run rally😂
The last test before the 2025 bull run, we must keep up our spirits!!
That's all, just a little message to increase your sanity, may God Almighty always give us health and wealth, AMEN.
BNB daily & weekly chart sharp spike up is also similar to ETH.
Need to break resistance at the $635 level to be able to continue to $650 and $700+, maybe one more spike could be possible in one hit to the $650 level, hahaha.
If a new support level is successfully formed in the $650~ area then BNB will easily be able to shoot to $700.
Hopefully in the near future it will be available soon🎯 we'll see.
If Ethereum manages to break through the resistance at $4083, then it is very likely that Ethereum will continue its spike, perhaps up to $5K, but maybe ETH will experience a small correction when it hits the psychological level at $4K.
ETH will probably look for the HL level in the $4K price range to create new support in that price range.
But if ETH's bullish momentum is very strong, it's not impossible that Ether will immediately hit the $4K+ level, and maybe the next HL level will form in the $4.5K price range.
The daily & weekly ETH candles both show sharp spikes, very nice!!
Will ICP reach the $18 level first or even the $9.5 level??
Based on the 1W chart, ICP shows that there is a demand zone in the price range of $10.5 to $9.5, which in short means that the best buy area is there. If you look at it from a bullish perspective, ICP needs to break the price of $18.78 and make an HL in that price range so that it can continue its uptrend towards the price of $24 and explode to above $50 and so on... but I wonder which level ICP will reach. first??
Now is a very good time for accumulation, DCA slowly, the exit target starts to sell a little bit so the price will reach $100 to the estimated $200.
If, for example, the price falls below $10 now/in the near future, that means that is the best buying opportunity that most likely will not come again.
Ethereum, the psychological level of 3K has been touched, there is a retrace again, maybe because of profit taking and there is still not enough energy to maintain this psychological level, wait and see... if 3K is successfully beaten until it reaches 3.1K we will see Ethereum will reach level 3 .5K, and 3K will be the new HL levels.
The Ethereum ETF news in May is expected, maybe as long as the Ether price is below 3K, this is really a really good buy.
My personal estimate is that Ether will peak at 10K to 12K in this bull run, but it's possible that Ether will exceed my estimates in the future, we'll see.
Routine DCA is the right decision.
Do your own research, this is not financial advice, if you are older you should be able to make your own decisions without being influenced by any posts, hahaha.
If the HL support at the @2.9 level is successfully maintained then there is a big possibility that MANTA/USDT will rebound and form a new HL in the @3.7 area
If a new HL is formed at the price @ 3.7 and the price can stay there, we will see price movement towards @ 5.0 but there will be a psychological reaction first at the price @ 4.0
At the beginning of November 2023, I posted about BTC price action, there I wrote that if for example BTC managed to hold the HL at the price @ 34,450 then BTC would fly to @ 36,000 to create a new HL at that level, then after forming the HL at @ 36,000 it would confirm continued towards @37,000 to continue the upward trend... and 2 months later it became a reality, there I also wrote that there was little chance of BTC dropping below @30,000, hahaha.
Approximately +30% since November.
Next I will post about the BTC forecast at the end of the year/ahead of the bull run.
Maybe it could be that the pessimistic news about the rejection of ETFs is just a way to scare retail into panic selling and after it goes down they can just keep quiet, hahaha
Oh yes, corrections are healthy because the market basically won't continue to rise without stopping... you have to take a break for a moment to gather your energy, the important thing is we don't get "paper handed tf out" just because it fell a few percent, buy the dip as usual and always HODL. 🙌💎
BTC = 100,000 to 150,000 USD ETH = 10,000 to 12,000 USD BNB = 700 to 1,500 USD
DCA every month is better than the timing of waiting for prices to drop low. If prices are really going down, just buy more, because the current price is definitely cheaper than it will be during the 2025 harvest season.
Choosing blue chip assets is the best choice + so you don't get headaches, and besides because the track record is more proven than gambling on other alts with low market cap.
Personally (this is not advice or financial advice, OK~), these 3 assets are the main composition of my portfolio, I wish very well for those of you who hold this too, we're in this together, and we will surely succeed!! 💪
Be patient, because later we will reap what we sow now!!
God protects us all.
🌟Our Future is Bright!! 🌟
----- Everything I write is based on my own thoughts, NFA & DYOR always.
BTC/USDT H4, so far has consistently formed a new HL, and is expected to form a new HL again at the price @ 34,450, if BTC is able to hold/form the HL pattern at the price @ 34,450 then there is a possibility that it will fly to the price @ 36,000 and form an HL new at that level, which means there is a continuation to level @ 37,000
If on the contrary, there is a possibility that BTC will fall to the price @ 34,000 which (could) indicate a reversal, and could fall even further if the level @ 33,600 is successfully reached.
Worst case scenario (or best if you want to withdraw more), BTC could return to the price @ 30,000 but it is unlikely that it will continue to fall to levels below that.
Always consider macroeconomic factors and what is happening in the world, because they can definitely influence the crypto market.
The FED has not announced rate cuts, usually risky assets like crypto cannot (too) thrive during the high interest rate season, but I am optimistic that in 2025 BTC @ 100,000 is very possible.
Everything I write is based on my own thoughts, NFA & DYOR always.
There's maybe a room for error so take it with a grain of salt, and remember to do your own due diligence instead of taking my words fully as a "bulletproof advice".
It is estimated that the USD will reach the level @ 16,000 to @ 16,500/USD in 2024, at the end of 2023 the USD will no longer be able to reach the level @ 15,500, especially since the FED is still hawkish about suppressing inflation which has not yet reached the 2% target according to Mr. JPow's wishes, rate cuts are estimated in mid 2024, we'll see... But I doubt that even the FED cut rate will be able to make the Rupiah regain its @15,500 level again.
And over the past decade, the USD has still been a very good safe haven when compared to the Rupiah.
On average, the Dollar has strengthened against the Rupiah by 7.36%/year since 2011 (a period of 12 years), meaning that the USD could be a very good hedge against inflation compared to saving Rupiah, and (perhaps) could be another option besides holding gold/silver.
If the same trend continues, it is estimated that the Rupiah will reach the level @ 30,010/USD in 2036, but again "Past performance is not indicative of future results", so it might not reach that level or it might even be worse...
On the other hand, maybe this is good news for those of us who hold assets in the form of USD on external exchanges like Binance.
TL;DR = USD forecast to touch/above 16 thousand in 2024, Dollar is a good hedge against local inflation.