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Thursday, April 27, 2023

From Halving to Halving

From Halving to Halving

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Hello, my dear friends!♥️ I'm glad to welcome You on my page! Thank you very much for your activity, I really appreciate it!๐Ÿ™

Today I decided to make a chart comparing the behavior of the price movement of Bitcoin on a weekly chart to predict the price before the next bull run! Weekly chart - the most convenient to look at a long period of price movement!

That's very important, because right now many traders are confused <<What awaits us next?>>

What can we see on the chart?๐Ÿ‘€


First of all, it's worth noting the beginnings of halvings 2, 3 and 4 - they are marked with vertical lines on the chart - the light green zone - indicates the phase of active growth immediately after the halving!

Immediately after the end of the growth, the price begins to form a triangle, which stretches until the beginning of the next halving - you can see the triangles in yellow!

Of course, triangles are conditional figures - perhaps other traders see something different for themselves!

But, my most attentive readers and watchers ๐Ÿ˜‰ could notice a departure from the so-called big triangle - I have a suggestion - let's ignore it, because it is necessary to connect the price movement precisely by more lines touching, and this zone trying to confuse us!

Let's see some details on the chart! It's important to note that in both triangles you can see similar price behavior - there are clear boundaries - the tops of the triangles - blue circles - the lower part of the large triangle touches the top of the previous - smaller one several times, which proves that before the next halving - re-test 16-15k levels again is more likely! And that's area will be optimal for buying next year!✊
As for the medium term - looking at the chart, we can assume that we have high probability of seeing 35 k!

What conclusion can we draw from what we have seen and read?

Medium-term perspective - 35+_k - fix profit!
Next, we are waiting for the fall to levels 15-16 k and waiting for the halving!

Everything, that you have seen and read is only my judgmental vision of the market situation and Bitcoin price movement!

Waiting for You in the comments for discussion! What are Your plans for the medium term?

Sincerely Yours Kateryna♥️

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