BITCOIN new ATH in 2023

2022年5月3日

BTCUSDT

I'll post a few ideas about BTC on regular chart and log chart.

First one is - Impulse (since 2020) sideways, impulse. Second impulse usually have a less power than first one, but on a chart we are going higher.
Since 2020 to the top we made around 1600% pump. Then from May 2021 we are walk in sideways.
Usually when we beat previews high it just a sign for continuation trend, like signal for big whales the real direction. But panic sellers gonna sell when we will touch 34 and all people will be bearish!
- White one channel, shows to us we came in to channel bellow and we entered the channel from below
- On this indicator you see how we usually bounced from Green line - now its a 35K
- We should test it after FRS meeting and increasing the rate in May.
- USA printed tons of money during COVID period, and they should cut the balance, but they sent billions to support Ukraine, so probably they won't cut it. The problem with printed money is solved.
- From top 69K we got a fib, and 34420 (Elon loves the number 420 =) its a -0.27 level by fib, what is usually investments zone for long term
- I think the war in Ukraine will end this summer and whole world gonna celebrate it with euphoria on a market, World Cup Championship in Qatar this summer its a huge investments so investors wanna see profit from tourism and this event.
- World remove Russia from economy map with all this sanctions. And countries start import oil and gas from UAE and other countries
- Markets growth only when we see some incredible positive news.
- Top will be around 1.618 fib 84-94K (maybe 113K 2.618 fib) this is 2 ways
- 100K is psychology trigger for retail investors to buy BTC even if it will be around 80K or 90K the crowd 100% believe we will hit 100K but its possible won't happen, cuz at 85-94 whales start selling
- Opposite way, when we break 100K everyone will be in FOMO cuz when people gonna see 101-105K they start thinking about mass adoption and we are still early to hit 200K so at 113 whales can cash out and dump market.
- On screen you can see histogram, from May 2021, we are in sideways and whales sale but on histogram we going up, it means we can see last drop to 34K or even 30K and everyone will be bearish and waiting 25 or even 20K and in this moment we are start move up on positive news what I've mention above.
- Altcoins already almost drop 90% form May 2021
- DXY is on 20 years ATH (always when DXY hit new ATH it goes in to correction and crypto start pumping)



Ill make a second post about BTC and show to you log chart and why do I think we won't drop lower than 30-34 now