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#Bitcoin    Bullish Engulfing Candle!💥 Interesting developments on the daily TF: - #BTC    printed a bullish engulfing candle which is a reliable reversal pattern. - It retested the Tenkan 🔴 and is back not only in the Kumo cloud again but above Kijun 🔵. #Bullish 🚀

#Bitcoin    Bullish Engulfing Candle!💥

Interesting developments on the daily TF:

- #BTC    printed a bullish engulfing candle which is a reliable reversal pattern.

- It retested the Tenkan 🔴 and is back not only in the Kumo cloud again but above Kijun 🔵.

#Bullish 🚀

Жауапкершіліктен бас тарту туралы мәлімдеме: үшінші тараптардың пікірлері бар. Қаржылық кеңес емес. Ішінде жарнамалық контент болуы мүмкін. Шарттар мен талаптарды қараңыз.
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#BTC    2 Phases of The Bitcoin Halving 1. Re-Accumulation (red box) A Re-Accumulation Range develops a few weeks before the Halving and concludes with a breakout from it months after the Halving This Re-Accumulation Range is between ~$60000 and $70000, with wicks to either side of the range The goal now is for Bitcoin to move sideways in preparation for the next phase in the cycle - the Parabolic Phase (green) The Re-Accumulation phase can last a few months, even up to 150 days (i.e 5 months) Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving 2. Parabolic Uptrend (green box) Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green) It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend $BTC #Crypto #Bitcoin   
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#Bitcoin    Dominance Update   BTC dominance have just hit the multi- yearresistance.    In 2017 and 2021, BTC dominance got rejected from that trendline, which ignited the mega altseason.    There could be a fakeout like 2021, when BTC dominance broke this line, but eventually it closed the monthly candle below that.   Once BTC dominance gets rejected from this, alts will start to outperform BTC, and the altseason will start.   Reminder 👇   This is a monthly candle, so it could take 4-6 weeks or more to play out the above scenario.
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#BTC    Bitcoin has been consolidating inside this ReAccumulation Range for three months now And history suggests this could still go on for three months more It shouldn't be surprising therefore if price rejects from the Range High Resistance $BTC #Crypto #Bitcoin   
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#BTC    In March 2024, Bitcoin reached new All Time Highs to confirm an Acceleration in the current cycle by 260 days compared to traditional Halving cycles However, Bitcoin has now been consolidating between ~$60000-$70000 for three months now This has reduced the current cycle acceleration from 260 days to ~170 days $BTC #Crypto #Bitcoin   
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#Bitcoin    Roadmap for next few months 🤝 1) Price breaks out above ATH 2) Price finds support above ATH 3) Price breaks down below ATH 4) Price reclaims the ATH (we are here) 5) Price continues Higher
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