CryptosGallery - Bitcoin & Altcoin Analysis
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📩 Admin: @cryptosgalleryadmin We always try to give the best analysis based on charts and upcoming events. Always do your own research and consult your financial advisors. Educational Purpose only.
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#BITCOIN is trading at around 97k, way above our support level.
1. At 108k we shared a bearish setup -link
✅It dumped
2. Warned you about 20% dump -link
✅It dumped 30%
3. Shared a strong support level (potential bottom) at 81k -link
✅It bounced
Unlike most channels, we did not change our bias every other week. We shared bearish setups from 100k warning about a big drop. Additionally, we shared a SINGLE SUPPORT zone for longs.
Everything played out perfectly🎯
👉What's next?
Imp fib time is coming up: 14th May.
Our prediction is that the bullish trend will continue until then, followed by a boring sideways movement for a few weeks, and finally, the final move towards our final target: 130k
#BTC.D (bitcoin dominance) is at resistance👀
Alt season ⏳
Repost from N/a
Keep an eye on our support level👀 expecting a bounce from here. We could bottom out here📈
#BITCOIN bearish setup shared right before the dump👀
10% drop on BTC but altcoins have dumped 30%-40% in the last 24 hours.
Same plan on #BITCOIN.
Last week we stayed inside the zone, right now it looks like we are about to get a daily candle close below this level 👀
We are trading above 104.6k, bullish if this level holds📈
Looking at Top Traders Long% Positions in #BITCOIN on a higher timeframe reveals:
~ Since the start of 2024, instances of Whale Long% exceeding 65% (green highlight) have been rare.
Usually, such a high long% has led to a bullish momentum in the past.
The market usually moves where there's more liquidity.
Right now, there’s more liquidity on the downside compared to the upside.
#BITCOIN 2024 yearly candle closes today!🕯
Volatility ⏳
#BITCOIN could peak somewhere between May 2025 and Aug 2025
📚Elliott wave theory Part 2: Motive wave (Impluse)
-link
📚What is Elliott wave theory?
Part 2: Motive wave (Impluse)
-link
