Man of Bitcoin

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Man of Bitcoin

Man of Bitcoin

@Manofbitcoin

Crypto/Bitcoin analyst and investor. Using top indicators for accurate predictions for the coming Bullrun. Funny memes to keep it fun.

Katılım Ağustos 2023
36 Takip Edilen9.3K Takipçiler
Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC price has reached my support area for a potential wave-2 low. There’s still a possibility we see a larger ABC correction before wave-3 begins. A break above $77,878 would confirm that wave-3 is already underway.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC: The price reversed to the downside from our ideal zone for a local top. I have defined a support area for a potential 1-2 setup. Support is between $76,431 - $74,943.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC price came back into our wave-(4) support region and held support. We can now observe a clear 5-wave pattern, which is the first degree confirmation that the price has formed a low. It has already reached the 50% Fib level. Next target: $78,042.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC held support above $75,811. If the price remains above the last swing low, ideally the price reaches $91,000+.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC breaks above descending trendline, early sign momentum may be shifting. Price structure hints at a possible 5-wave move, but still unconfirmed. Key level: $74,163. Holding above it strengthens bullish reversal case.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC: So far, this looks like only a 3-wave move on the micro level. A decisive break above the descending trendline, followed by a clean 5-wave impulsive move higher, would be the first signal that the trend is shifting back to the upside.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
A real US–Iran deal could become a massive macro catalyst for crypto.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC price has broken below the key level to keep the direct roadmap to the upside alive. A deeper retracement appears likely at this stage. Support is between $73,357 - $68,433.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC: It is a quiet week so far, with price continuing to move sideways. The key level to keep the orange roadmap intact remains $74,917. A break above $78,601 would be the first sign that the bulls are starting to regain control.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC: Bulls are trying to keep the orange roadmap intact. The next objective is a break above $78,600. So far, the upside move still looks corrective rather than impulsive, which makes it hard to trust.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC: As long as BTC remains below $78,600, downside pressure remains strong.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC price is attempting to reverse higher from our support region. The key level to maintain the orange roadmap remains $74,917. A breakout above $78,600 would be the first indication that bulls are regaining control.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC: The reaction from the 78.6% Fib retracement remains weak, suggesting another move lower is still likely. Key support sits at $74,917. A breakdown below this level would likely open the door for a move into the orange support zone.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC is retesting the W-pattern breakout from above. If this level holds as support, the next leg could send price toward $90K+.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$ETH: While $BTC is still trading within its channel, $ETH has already broken below it, suggesting relative weakness in this chart. That said, as long as price remains above $1,947, the broader trend still favors the upside.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC: As you can see, price is respecting the Fibonacci levels on the downside. The current move still appears corrective, suggesting a potential continuation to the upside. Key level to watch: $74,917.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC: The reaction from the 61.8% Fib retracement level remains weak, suggesting another leg lower is likely at this stage. Ideally, price holds above $74,917 to keep the orange roadmap intact. A break below this level would indicate that price has opted for a deeper pullback.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC (weekly chart) The 50-week MA is currently located at $85,547. As long as the Stochastic RSI remains above the 80 level, bullish momentum should remain intact, keeping $85k+ as the next upside target.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC (two week chart) Indicator: Stochastic RSI The price has reached my first target, the 100% Fib extension at $82,477. However, Stochastic RSI still suggests bullish momentum remains intact, indicating there may be room for further upside before momentum exhaustion sets in.
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Man of Bitcoin
Man of Bitcoin@Manofbitcoin·
$BTC price has reached the 61.8% Fib retracement level in wave-y of (2). The price should remain above $74,917 to keep the orange roadmap intact.
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