Alien (alieno)
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🗒️Which majors coins held the previous range lows during $BTC drop ?? $ETH $BNB $XRP $XMR $LTC $TRX $FTM $SUI $SEI $APT $INJ $TON $TAO ➡️These coins & few others will see a strong bounce in short term when #Bitcoin makes a relief rally.
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#Bitcoin $BTC Bounce failed and price closed last night below 92K which triggers the downside move !! The correction against August 2024 will have all 3 different type of targets all coming around the same area where price is most likely to bounce : ➡️ Fib Ret from the 8/5/2024 ➡️ Fib Ext from January Peak ➡️ Double Top from December & January peaks All targets ranging from $86426 to $72186 and you don't need to peak the next bottom. Just allow the market to create the reversal then it will be easier take the next leg higher.
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#Bitcoin Weekly Volatility Index New Signal 🚨 🗒️Every time the volatility index drops below 1 the market reacts strongly in the following weeks !! In the last 12 Months, it gave 4 Different Important Signals so let's break it down 👇 🟢 January 2024 dropped below 1 then it was followed by the rally in March into All time Highs. 🔴 It Dropped below 1 in May, marked the Bottom in June around 0.5 leading into the August 2024 Dump. 🟢 Reached 1 In September, Marked the bottom in October around 0.7 then price rallied into November. 🟢 Reached 1 Late December then price rallied in second half of January 📊The new signal is currently in progress as it dropped again below 1 this month " February " so in the coming weeks we could see bottom followed by strong volatility in the price of $BTC Up 🔼 or Down 🔽 ?
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GOLD vs Bitcoin 📊In the recent 12 Months, every time the correlation between them got into the negative -0.5 then turned positive again, the following 20 days ( average ) saw at least 20% rally in $BTC ↗️If a similar price action takes place in the coming weeks then it would push Bitcoin into new ATH above 115K next month !!
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