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Btcanalysis

BTCUSDT's Epic Showdown: Weekly EMA Battle for SupremacyHello Traders! :) In this week's analysis, we witnessed an intriguing battle at the weekly EMA level for BTC. Unfortunately, this level held firm, and we are currently seeing accumulation around the lower boundary of the weekly Market Profile. At this level, we can observe the development of the weekly Market Profile's point of control, signifying a significant equilibrium point. My plan for this week is to make another attempt to break above the weekly EMA level. Currently, a LONG signal has been generated on the Multi-timeframe MACD, indicating a green light for seeking long positions at this juncture. I will initiate the trade after the LONG signal is confirmed by a Heikin Ashi candle. My initial take profit target is set upon reaching the level of the weekly EMA line, with potential for holding the position longer depending on price behavior. I will exit the trade if the price falls below the weekly Market Profile, canceling out potential further losses. Additionally, I will consider exiting the trade if the weekly EMA level is rejected, securing any generated profits. If the price successfully breaches the EMA level and holds, I will consider continuing the trade. Good luck with your trades!
Long
by Vezzeris
7
BTC Bottom & New ATH..... when ?!!! Hello Guys There are some notes of BTC weekly Chart: 1. We have a new ATH every 4 years ( 1428-1477 ) days.. 2. After the ATH we take about ( 52-59 ) weeks to make a new bottom then we go up a little ... 3. Every time we reach a new ATH we drop down in a same angle (-55) before the new bull run starting .... look at my chart ( Red angles and curves ): ****** We dropped from ATH 2013 to Bottom 2015 by an angle ( -55 ) . ****** We dropped from ATH 2017 to Bottom 2018 by an angle ( -55 ) . ****** Same (24 July 2019) we dropped from local top to the local bottom by Angle ( -56 ) . ****** Will we drop from ATH 2021 to Bottom (2022 - 2023) by the same angle ( -55 or -56 )?? 4. In my opinion , I expect we will reach the final bottom between ( 26 December 2022 : 6 march 2023 ). 5. I don't care what will be the price of BTC then , but I care only for when will be the possible bottom !!. But if we can try to expect the price it will be in a range of ( 11900 : 9000$) ... Note:( 10K - 10500$) is very very strong demand area for BTC . ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Finally , I think the new ATH will not be before Nov 2025 ( 150k $ ). It is not a financial advice , I am only share my thoughts with u :) Thank u and good luck.
BITSTAMP:BTCUSD
by KarimMohsen
8