#Bitcoin 3-wave on Keltner Channels 📈

As you can see, we did not spill below 52k even with such a negative background. (As I indicated in the last post)

💡Now the market is positive and it is rather a rebound, I do not expect an exit from this channel (56-70k) but rather a continuation of the movement in it.

But in 2 months, this sideways movement will end with an upward movement↗️

$PEPE has grown by about 50% in the last 3 days🚀 after testing the yellow zone🟨

Thanks to buying in the green zone🟢 + fear🟦 and selling in the orange zone🟠 + extreme greed🟥 we've achieved profits of x12 and x16🤑

It's important to understand that meme coins are risky alts.

Will the pressure on the order book from Mt. Gox investors be stronger than from the sale of the Germans?🤔

In short - No

And now more about my thoughts. Approximate calculations, the Germans sold 50k bitcoins since July. What lowered the price from 65 to 52k

📝Now we have volumes of 140k+, of which the average sale will be, in the worst case, half, which is 70k, and unlike the Germans, most of this will rather be limit orders. And also take into account that our sales time will be more blurred than 2 weeks. Therefore, in the worst-case scenario, if we do not have a new negative, we will repeat the German scenario from Mt Gox.

And therefore there will be no drop below 52k. And if they actively buy out, the situation will be even more positive↗️

$XRP has risen about 50% in the last week🚀

For over two years, the coin has been trading between the green🟩 and yellow zones🟨 However, after testing the yellow zone a few times, according to technical analysis, we know that each subsequent test of a zone reduces its strength

$BTC Minimum width on Bollinger bands 🤔, What does it mean?

Of course, like last summer, seasonality has played a big role - volatility has fallen.

📝We have tested the lower part of the channel and are now testing the middle line. With a breakthrough, we have an open path to the upper part of ~72k.

💡Whether it will be a breakthrough the first time depends on the selling power of Mt. Gox investors. In my opinion, it is only a matter of time and in a few weeks, we will test the channel's top and go even higher↗️

$ALICE doubled in value over 2 weeks🤑 following a buy signal🟢

As we can see, after initially exiting the green zone🟩 the asset attempted to break the yellow zone🟨 three times, then tested 🟩 again, and is now rising towards 🟨 to try breaking through it once more.

#Bitcoin /#Nasdaq Сorrelation 👀

Last summer I already showed a similar discorrelation.

Now we have a completely repeated situation: the technology index has run higher, and Bitcoin is consolidating.

In the summer of 2020, after the halving, we also had something similar. Mostly, the correlation returns in October. Which is equally positive for both assets.

$HIGH has fallen 80%☠️ since it reached the orange zone🟠

By buying in the green zone🟩 + fear🟦 and selling in the orange zone🟠 + greed🟥 we achieved x5 and x8 profits💰

Currently, the asset has exited the green zone.

Weak Dollar = Strong #Bitcoin

The impact of the dollar on BTC is clearly visible, as soon as the dollar weakens, it often has a positive effect on the growth of bitcoin. Moments when 2 assets are correlated are circled below.

What awaits the dollar index?💵

The main fall of the dollar is expected when the Fed starts to lower the rate, and then the turquoise line will begin to grow (since the DXY is inverted on the chart), which will positively affect the growth of the price of bitcoin🚀

$AR fell by 50% since we published that the coin had reached 🟠+🟥

By buying on the buy signal🟢 and selling in the orange zone🟠 + extreme greed🟥 we made an 11x profit😎 Are you still looking for a profitable tool to make money?

#Bitcoin ATH hasn't happened yet ⁉️

If you don't count in fiat currency, we haven't seen the 2021 high exceeded yet (In relation to the stock market)

📝Everything is going according to plan, and by the end of this year, we will see a real ATH.

💡Also, it is clearly visible on the RSI that we will have a 3-wave cycle according to my 3-wave model, which I already talked about a long time ago.

$BNX has tested the yellow zone🟨 since our last post about it.

After the #altcoin provided a 9x profit💰 and tested 🟨 it is now attempting to reach the orange zone🟧 again. Currently, we see a lack of greed🟥 indicating that the asset has a good chance of reaching 🟧

#Ethereum Keltner Channel 👀

The ETH returns to the red channel again. This channel will likely serve as its main movement area until the peak in 2025.

I expect turbulence in the coming days. But the start of ETF trading is, of course, a very positive event for adopting the 2nd cryptocurrency.

💡But in the medium and long term, everything is going well for us, and we expect ATH to be beaten already in the fall.

$ENS rose by about 20% today🚀

The asset continues to struggle with its previous local ATH and the yellow zone🟨 If it closes above this level, there will be good chances for the asset to reach the orange zone🟧

$COTI has fallen 74%📉 since reaching the orange zone🟠 + greed🟥

As you can see from the chart, taking a profit💸 in this zone was a good idea, as we advised, thereby protecting you from the drop.

Since the publication of $SOL, a lot of time has passed, during which we showed how it reached the orange zone🟠

Now we can observe how #Solana is trying to break through the yellow zone🟨 As we mentioned, taking profit💰 in that zone was an excellent opportunity✅

🗣: Yesterday we received a buy signal on Hash Ribbons and today we fell, why ⁉️

Answer: The Hash Ribbon is primarily an indicator of the $BTC hashrate, it is 2 moving averages, and when after the capitulation of the miners (after the halving), we reached the plateau at least a little and began to recover, MA turned to the bullish side, which triggered the signal.

📝So it's simple - the hashrate has recovered.

💡Of course, considering other metrics, we have a fairly positive long-term picture and hashrate is a fairly powerful fundamental metric, the growth of which is positive for the reliability of the #Bitcoin network. But too much attention to only one signal is not productive.

$JASMY has reached the orange zone🟠 for the second time, bringing a 13x profit🤯

Thanks to the buy signal🟢 we had an ideal opportunity to enter the asset. Historically, the orange zone is a good opportunity for taking profit💰

$UMA fell by 74% after reaching the take profit zone.

From the green zone🟩 + fear🟦 to the orange zone🟠 + greed🟥 we gained almost 5x profit💰 After the second signal🟢 the asset has already grown by 50%.

$WIF brought a 16x and 22x profit💰 by reaching the red zone🔴

Following the same rule as always: buying when undervalued and selling when overvalued, we made a good profit and also protected ourselves from a 60% drop📉

$BTC Now everyone is drawing a cup and handle and saying that ATH is coming soon, why is it not quite so?

📝Let's talk about the pattern first, the cup handle pattern when the asset has a deep drop, after which it recovers and tries to break past highs. Of course, when the price consolidates near resistance and forms a so-called handle, this is a positive signal. After all, the longer the consolidation in front of the resistance zone, the more likely this resistance will not hold.

💡Most take the depth of the cup and say that this will be the growth (300k+), which is not right at all. Here, in the case of #bitcoin, you need to remember that the figures of the technical analysis do not matter much and you need to look at the fundamental analysis and also take into account seasonality.

I expect a break through the resistance not now, but in the coming weeks and definitely a break above 80k in October↗️