28K MET - WHEN WILL I SELL MY BITCOIN? - 2023 BTC PRICE PREDICTION - BITCOIN ANALYSIS!
Hello everyone I hope you will this is coins kid just going over to bitcoin because coins keep crew thank you for support okay thank you for liking the blog and your subscription on My Website so right now the cbbi is currently sitting at 23.
it was only last week uh around about Friday wasn't week on Friday uh it was around about 13 I think we got down to and everyone's really really fearful at that time you know everyone was expecting to close below the weekly 20ma as well and I said to you you've got the weekly close ahead of you don't get too bearish you know we've not putting a statement yet of losing a 20-week EMA and you know with the possibilities that we're going to come up and we did come up you know so like I said you always wait for that Weekly close be patient even on the drawbacks it's all about where you're closing above support and resistance right
Now so Bitcoin technically right now is bullish okay we can't ignore that so we just want to see the follow through we just want to see consistent closes above the weekly 20 and 55 EMA so we're going to look at the charts in a minute but one thing I want to show you is that you know a few weeks ago I think around about two months ago I did say that Bitcoins in a Target 28k.
It actually met that yesterday so you know that's come up like a boss so right now we're just looking for the follow-through I'm going to show you a technical Target I think Bitcoin in and obviously the overall macro Target I think Bitcoins in as well you know people are in disbelief but anyway aside from that we're slowly surely going upstairs and like I've always said to you the boys couple stairs and the bears come out the window.
So if we can just slowly but surely see this progression up and down taking out resistance and closing above that and then obviously fall into that resistance of support in the future then it's all good okay so let's take a look at the charts right now for Bitcoin so going forward then on a weekly time frame I think it's a really important time frame for Bitcoin obviously we're keeping on the monthly as well which is coming in hot but right now we have got one week close above the 55 EMA so what I've done I've labeled these yellow zones and red zones okay so I've calculated that the average time spent in an imported move for Bitcoin above the yellow zone which is a 20 week in May is 40 weeks and the average time above the red zone is 46 weeks so right now we've only had one week above the red zone so going forward we just need to see multiple closes above each Zone to remain bullish okay and a potential of another important move to the upside for Bitcoin okay so at the moment with this massive uptick.
That we've gone through for Bitcoin we are literally 140 away from the old time behind now that is not really a big move for Bitcoin to be honest with you but anyway you know at the minute we've got 11 weeks above the yellow zone we've got one week above the red zone and right now the average is 40 weeks over the yellow zone and 46 weeks of Red Zone so you pretty much if you're looking for confirmation statement right now for Bitcoin that is bullish then you've just got one yesterday in the sense that what we've got is the one week above the Red Zone.
okay and you've got another 45 weeks on average to go so again nothing I say is financial advice and the invalidation of this I'll keep you updated if we start to lose these zones it's bearish but at the minute we have to respect the data and we are looking pretty tasty providing we can continue to hold these zones okay and I'll keep you updated as best as I can so let's dive into the weekly chart for Bitcoin so look at Bitcoin on a weekly timeframe.
I think what we've got is a beautiful Black Swan some kind of big big bear trap right there we've got the data driven low right there we're coming up on Black Swan throwback back into the Baton consolidation uh you know price compression into expansion right now we're popping we're breaking so I think that what we've got is a technical Target just there for Bitcoin which is this swing low which is a technical Target of an ascending trial which is what I think Bitcoin was trying to Forge from this data-driven low last year coming up looking to round off at this point here looking to get through the amaze and we broke down with the dxy at the same time with the FTX Fallout so I think that that's a Black Swan some kind of bear trap right now and it should be ignored to be honest with you I think that that is a true data bottom and I've gone through this with you before so right now bitcoin's breaking out and I think you're looking at that technical Target just to have this ascending triangle so again if Bitcoin starts to run into this and falls back that's a sweet spot to enter but if it starts to break this and holds its support and goes you really are taken off here for Bitcoin but in time because of this break of this resistance just says this ascending triangle
I do think you will be looking at that in time so if we do take off here and we start to come back in a big crash then I would anticipate that that neckline just there will be back testing in time okay so I would personally like to see it get back tested relatively soon just to confirm that resistance okay support going forward so keep an eye on it if it is a big crash if there is a big correct correction anytime soon then that for me will be a sweet spot now remember I really bearish statement for Bitcoin will be losing the email Point okay that's bearish not doing it yet so we have to project to the upside so we're looking for the projection to the upside of the ascending triangle this is just some kind of bear trap you've got to throw back back into the resistance you've got the confirmed neckline of the resistance and confirmed trend line of support like I said to you the week There's a resistance you fall back to the neckline support you're confirm and it supports so right now you're in a technical brake Target of an ascending triangle to this Lego resistance just here for Bitcoin okay so where am I looking to sell my Bitcoin if we are indeed bullish okay and the data is true this was your true bottom you come up with your Black Swan you throw back right now you should bear trap okay and that was your data driven bottom which a lot of the altcoins are still ringing true on that data ethereum BMB chain link xrp they're all still ringing true on that particular data driven bottom right now okay so if that is indeed the data driven bottom and this was a Black Swan then where am I looking to sell which is really really simple okay it's data not emotion we can use the Fibonacci to try and guide us but one thing I'm looking at right now is and it's the reason the same reason Hills are projecting that load just there and I'll show you on the five-day time frame uh for Bitcoin you know and this is how I was able to pinpoint that specific day as well the 18th of June remember uh 2022 the 18th of June I was telling you that I think Bitcoin is going to capitulate and that's a good little entry point for you right there okay and so far you know aside from this Black Swan it is actually a good entry point because look where Bitcoin is but aside from that this was something we was anticipating on a channel because it obviously equally what we got is the weekly death cross just there okay we've got the death cross who was looking at capitulation equally on the five-day time frame what we did get as well on the good in Channel and this is something I kept relaying to you and the whole way here got support support I said to you as soon as you close below the gaussian channel on the five day time frame you're looking at capitulation so we was looking at data and any indicators we could find to pinpoint that specific bottom and it was if we take a look at this it was the Bitcoin super cycle an amazing indicator look at that the pinpoint bottom uh so from there it created the cycle top which is what I think the top was is some kind of ABC correction coming back down and then what it's done right now it pinpointed the cycle bottom in my opinion and what we did here we had this sort of throwback back into the pattern of an ascending triangle so right now we really are getting in one with the show and you know we've got this big big monster reversal pattern so all we're going to do is kick back relax let Bitcoin does what it do you know don't get carried away with emotion and people saying this that and the other whatever you know 200k 400k or whatever 4K blah blah blah let's just keep back relaxing relying the data because this particular signal this particular indicator has been absolutely knob on hasn't it look at that top bottom aside from the Black Swan and the bear trap it's been pretty accurate and this is something I was relaying to you it's got the beautiful top just there and the Beautiful bottom just there as well so you know data not emotion so right now what we're looking for is for Bitcoin to just keep coming up keep coming up and then we're looking for a golden cross up there on the certain moving averages of this particular indicator which I will go into detail with you but at that point when we do get that we'll print the cycle top and that's where you get out basically for Bitcoin so all I can say is enjoy the show enjoy the ride thank you for support keep supporting the channel keep you know liking the videos and sharing the videos but that's where I'm looking to sell I'm just going to sell on data okay not a motion uh take everyone back to remember updating Bitcoin stay healthy station stay tuned bye-bye
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