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Bitcoin Price Prediction: Will BTC Surge to $110-120k Soon?

Very likely within the next 6 to 9 months. This concept stems from the discussion: "Is Bitcoin on the brink of dropping to $20k?" released in December. You can find it at tinyurl.com/35bp2xc8. Initially, the $20k target was centered around a wave 4 Elliot wave correction, signifying a strong sell signal on the weekly chart. However, the current scenario has reversed. There's a high probability of a Wave 5 rally with a robust buy signal. Remarkably, this is the first 'remarkable buy' signal I've observed on a Bitcoin weekly chart, regardless of the exchange. Anticipated objections may be: "This isn't just a wave...

By NovaX
Updated 2 days ago
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Unveiling a Lucrative Buying Opportunity for Solana (SOLUSD) Investors

Post #2 for the week is here! This time, I want to share insights on different markets apart from the FX markets I usually focus on. Solana, a trending cryptocurrency, has been showing significant upside potential lately. In mid-May, its price surged from $140 to over $185 per coin, indicating a notable increase in demand. Exploring lower timeframes, a robust demand level at around $151 per coin, where the last bull run originated, can be observed. Additionally, there is a technical confluence with the Fibonacci 78.6% discount level aligning with the overall demand, further reinforcing the positive outlook. In summary, Solana stands...

By NovaX
Updated 3 weeks ago
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SOLUSD Price Prediction: Rebounding to $210 with 70.70% Likelihood

SOLUSD has been generating significant buzz in the cryptocurrency community lately due to its recent integration with PYPL. Here's a technical analysis breakdown: Based on my Free Probability Indicator, there is a 70.00% likelihood that SOLUSD could surge back above $210 and potentially even higher, presenting an optimistic outlook. For those considering trading SOLUSD, it is advisable to wait for clear indications of an upward price movement. Once the trend reversal is confirmed, it might be a good opportunity to enter the market, with a focus on monitoring the 8H Equilibrium for strategic positioning. Implementing a "trailing stop-loss" can be a prudent risk...

By NovaX
Updated 3 weeks ago
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Navigating ETHUSD Overextension: When To Stay Away

Jumping into trades too late or bailing out too early. In this top-down we'll focus on how you can potentially avoid trading in a consolidated market and help you determine whether you should or should not be trading a market by utilizing multiple timeframes. I'll walk you through on how using multiple timeframes can help you spot when the market is stuck in a rut and when it's best to sit tight and stay away from trading a market. This way, you'll have a better grasp on when to make a move and when to hold back, helping you to minimize those pesky...

By NovaX
Updated 2 months ago
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The Ultimate Guide to Ethereum: Latest Updates and Expert Insights

I am increasingly drawn to Ethereum over Bitcoin, mainly due to Ethereum's price performance. The current price action is breaking a significant lower-high on the weekly chart, coinciding with the key lower-high on the monthly chart. A bullish close above these levels by the end of the week could signal a bullish turn. Typically, price would encounter a previous key level before a retracement phase; my outlook is for a bull run towards the ATH and $5000 price level, followed by a correction to around $2400, my area of interest (AOI). As a spectator, I am monitoring for bearish market...

By NovaX
Updated 2 months ago
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The Ultimate Guide to Bitcoin: Latest Updates and Expert Insights

I would like to share an updated perspective on Bitcoin from a weekly standpoint. Bitcoin's price has been trading within a range since June, as observed on the H4 & Daily time frames, indicating a bullish trend. However, the longevity of this trend remains uncertain due to significant barriers ahead. Despite the ongoing consolidation, I anticipate a bullish breakout and a continuation of the upward momentum. I am keeping a close eye on the potential re-entry of bears into the market once it reaches my Area of Interest (A.O.I). By analyzing multiple time frames, three out of four indicate a...

By NovaX
Updated 2 months ago
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