The One Bitcoin Chart That You Need For Success In 2024
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- Опубликовано: 26 сен 2023
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In today's episode, we compare the 2019 and 2023 Pre-Halving years and dissect the similarities in their price action. Firstly, both 2019 and 2023 seem to be forming a Macro Range. Secondly, there may be a Higher Low developing as well. But most importantly, these are both Pre-Halving periods and so downside is still possible during such periods as we approach the Halving. The Cheatsheet shows that it's only after the Halving that we could break beyond the key resistance of $31000 and only months after the Halving - a parabolic rally in the Bull Market.
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Where is this chart on Trading View? Please provide the link.
Exciting times ahead RC. Just hoping it all plays out . Will be life changing for me.
Here's hoping! I wish you massive success
Well here we are 5 months later (3/25/24) and nothing like the projected 20% retrace happened. In fact, just the opposite happened just a couple weeks after this was posted. Rekt's a good channel- it just proves you cannot predict even macro trends with BTC.
The price could go up at some point but if it does not go up it might go down first before it goes up like it did in the past but maybe it will go up before it goes down rather than down before it goes up and this is due to factors to do with the halving.
Could you make an updated video about marketcap- Altcoin dominance chart?
Great analysis! Just curious though, considering BTC has changed so much in terms of regulation and ETFs getting approved, isn't it possible the historic trends won't be as influential?
Just considering your opinion, really love the video and analysis, thank you for it :)
your orange box is completely wrong for this current cycle
Orange represents a Pre-Halving period. Saying it's wrong doesn't make any sense whatsoever. The Halving is in April 2024 so obviously we are in a pre-Halving period, right?
We will see how this plays out..... I like this chart I agree with what I think is being conveyed, I don't think it's as much a price target as a time layout
Thanks for the awesome analysis. Could you please do the same for ETH?
My pleasure Ahmad - I already did one for ETH in the Premium newsletter!
@@RektCapitalwhere can i see analysis for ETH?
Yea you keep holding your breath for 26300 BTC.
FTX forced liquidation SOLD 1 Billion in BTC in 2 days and price went from 48K to 39k.
Thanks
Welcome
If BTC ETF will get rejected on Jan 2024... certainly 26000 - 24000 is the final bottom range ...if it get approved then..no way...BTC will cross 50k easily....
ur prediction for now has been right👍
100% your opinion. News driven like they ban BTC or so, end of the year. It will happen!
Who else's opinion would you like me to express? :)
Master Cheatsheet, best explained 👍
Thank you very much!
i agree 😁
:)
i like the channel name
Thanks man
One thing that this graph is not telling you is that the first or second quarter of 2024 there is going to be a 20- 40% correction in the stock market which will negatively affect the crypto Market about the same or more percentage downturn. I personally believe there's going to be a massive price correction in the crypto Market in the first or second quarter of 2024.
Same bro but I have to keep dollar coast averaging. Hoping that we get correction so I can dump heavier later
"the first or second quarter of 2024 there is going to be a 20- 40% correction in the stock market" how do you know?
@@HansTomatoTo me it's do for a correction, but the simple fact US Economy is still going strong the feds not going to cut rates early 2024 and wait until probably mid 2024 and that probably cause a sell off and profit taking from 2023 gains.
looks like ur prediction for now has been right
Look at the pattern forming around Oct 20 prior to each halving. Thank me later.
What happened?
hahaha, L
l repit the datas has than be basead in the news! That going become , what going happen in 2024. Basead then wars or fight economy that will make manipulation on market
Like the video guys!
Thank you man!
Just give up Rekt, i won't go below 25k.
I'm fine with either - it's already been below $25k a long time earlier this cycle so if it does go there, it'll just be a bonus
Same old halving crap known events do not count in the markets everybody knows the halving so very unlikely the same repeats after halving
So what do you think's going to happen then after the having?
@@kendagostino5699 imo looking at markets a big rally going into q1 next year likely topping before halving ath or new highs i cant see this halving narrative playing out its just to easy and everyone is talking about it