Dotcom Burst vs Tech Burst- i wanted to make this chart for long but i had to wait some confirmations, because i took an higher TF.
- Right now is really interesting to compare the dot-com bubble burst in 2000 versus the actual situation.
- like always i won't talk too much about FA because everything can happen in our world :
- Aliens destroy us.
- Putin push the red button.
- Meteorite hits earth.
- Jerome H. Powell printers no more electricity.
- let's back to the chart and i will try to make it simple :
- This chart is based on a 3 Months Timeframe, so 1 columns = 3 months.
- This graph is based purely on MACD and his Death Cross ( i will call it "DC" to short it)
The Dotcom Burst :
1/ in 2000, Nasdaq took a violent dip before MACD DC. ( 12 Months before ) ( Red Vertical Line )
2/ after that MACD DC, Nasdaq continued his downtrend but the dip started to be lighter for 15 Months. (Orange Vertical Line)
3/ The Storm was over in 2002 and Nasdaq started a consolidation to prepare his next parabolic move. ( Green Vertical Line )
The Tech Burst :
1/ The real dip happened already 12 months from now (Before MACD DC). ( Red Vertical Line )
2/ The MACD DC happened already 3+ months ago from now. ( Orange Vertical Line )
3 / We are still in a downtrend and not yet entered a recovery phase.
- What we can conclude is simple :
- When MACD Death Cross. The big dip is already behind us.
- Right now nothing is really different from 2000 in matter of TA, only the big numbers are different.
- " Mastering trading is anticipating movements, following the flow in real time means you are already late ".
Happy Tr4Ding !
PS : There's also something different in matter of time if u compare those charts. if you find it.. i will congratulate you !
1-BTC
Bitcoin Needs Correction!!!As I had expected in the ✅ previous post ✅, Bitcoin started to pump after a Bear Trap .
Bitcoin is currently moving in the Resistance zone($63,470-$62,340) and near the upper line of the Descending Channel , and 200_SMA(Daily) .
I expect Bitcoin to drop to at least the Support zone($61,840-$61,450) .
⚠️Note: The probability of forming a Bull Trap and breaking fake the descending channel.⚠️
⚠️If Bitcoin can break the Descending Channel and 200_SMA(Daily), we can expect Bitcoin to rise again to at least $66,000.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
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BITCOIN Channel Up starting the new Bullish Leg!Four months ago (June 07, see chart below) we published a post on Bitcoin (BTCUSD) calling it an 'Unpopular opinion' as despite a on ongoing rebound in May, we signaled a correction as, based on the long-term Channel Up since November 2022, it was technically possible to see a pull-back below the 1D MA50 (blue trend-line) and then extended consolidation until a potential bottom on the 1D MA100 (green trend-line):
Even though the Channel Up had to be readjusted, the price action delivered the exact pattern of the previous 6-month (April 11 - October 16 2023) consolidation and almost tested the 1D MA100, forming a bottom on August 04 2024.
The similarities between those two fractals are more evident on their 1D RSI sequences. This shows that right now we could be before a break-out similar on the October 16 2023 candle. Regardless of that, it appears that the new Bullish Leg of the 2-year Channel Up is accelerating and a new High above 66500 would confirm it.
We have had 3 major Bullish Legs so far, more or less around the same levels (+92.27% to +101.57%). So a bad case scenario would be to see a +92.27% rally from the August 04 Low, which would still give us a $94500 Target.
So what do you think? Is the Channel Up just heating up and can the new Bullish Leg reach 94.5k? Feel free to let us know in the comments section below!
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$BTC Daily update - LONGCRYPTOCAP:BTC #BTC Turned given resistance at $61,953 into a support, Previous daily close looks amazing, possible upside likely towards $65,789 resistance test as bullish engulfing forms on current Daily, previous weekly close also with dragonfly doji with positive volume, tons of great signs that #Bitcoin is looking great, $64,344 currently resisting, $63,544 support not yet tested so $62,580 is current and possibly a key support moving forward.
BTC/USDT Long Update
Bitcoin's price action continues to develop within the descending broadening wedge pattern, highlighting a potential bearish trend as it faces resistance at the upper levels. As indicated in the chart, the repeated rejections suggest that the price might move downward toward the support levels.
Bitcoin has faced multiple rejections at the top of the wedge, each time leading to a significant downward move.
The large red arrows in the chart indicate the potential risk of further downward pressure if the price fails to break above the resistance levels.
If the price fails to break out to the upside, a drop towards the lower trendline of the wedge could be expected.
Waiting for a confirmed breakout above the descending wedge is crucial to enter a long position.
Implement a stop-loss below the lower boundary of the wedge to manage risk.
If a breakout happens, monitor the key resistance zones around the $66,000 to $70,000 range for possible profit-taking.
Monitoring Bitcoin's movement around these critical levels will provide insights into the potential bullish or bearish breakout. Let me know if you need a more detailed analysis!
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
BTC Daily Time Frame H&S Price Target ~54,500I see a head and shoulders pattern has formed on the daily and 12 hour time frames with a down side target around 54,500 USD. This is a short term Bearish outlook that I believe could play out over the next 24-48 hours or less. There are potential moves to the upside, but I’m leaning toward this playing out. There are many longs that could be taken out, while the shorts flip providing major upside moves. Not financial advice. DYOR.
Forget everything after studying the chart
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
The key is whether it can rise along the trend line (2).
When a new candle is created, it is necessary to check whether the StochRSI indicator enters the overbought zone.
The zone marked with a circle corresponds to the important support and resistance zone.
-
(BTCUSDT.P 1D chart)
When the Mid (50) line is created, whether there is support near it is the key.
The Mid (50) line is a position conversion line, so the trend is likely to be formed depending on whether the price is maintained above or below the Mid (50) line.
-------------------------------------------
When I learned about patterns while studying charts, I was amazed and thought I could stop studying charts.
However, as I traded, I realized that patterns are just the past appearances of charts.
You should forget all the studies you have done on charts after you finish studying them.
Otherwise, if you try to apply what you have studied to the current chart, you will likely end up analyzing charts or trading incorrectly.
So why should you study charts?
I think it is the same as studying in school as we grow up.
It is not necessary when you are living in real life, but it is the same reason you should study them.
Therefore, if you have studied and understood the arrangement or patterns of candles, forget them all.
If you are stuck in the framework of knowledge gained from studying charts, you may try to fit the pattern rather than respond to real-time movements.
Then, it may become a trade that you regret.
- How well you indicate support and resistance points,
- How much you trust those points,
- How much you can create a response strategy for those points are the things that remain after studying charts.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will start after rising above 29K.
The section expected to touch in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Bitcoin: Sell Signal Watch For 58K.Bitcoin continues to respect the support/resistance levels within the broader consolidation. These price areas have been relevant for months and will continue to be relevant UNTIL the market proves otherwise. To navigate this environment effectively requires the ability to anticipate price behavior at these key levels, confirm a reversal AND quantify the risk associated with the time frame you intend to operate within.
With this in mind, 64K is a CLEAR resistance and it is within reason to anticipate bearish activity across higher and lower time frames. As of now the low of an inside bar has been broken (see arrow). This CONFIRMS a sell signal off the 64K key resistance which means this is NOT the time to be long (swing trades) and aggressive shorts are reasonable for smaller time frame (day trade) strategies.
The illustration on the chart refers to the scenario that I believe has a greater probability to unfold compared to a narrow range of scenarios over the coming week (see previous articles for outcomes of previous illustrations). While this can change at any time, the point here is to recognize the next probability location (58K AREA) for a swing trade long. IF Bitcoin presents such a test, the pattern to watch for is a bullish pin bar or inside bar between 56 and 58K. Such an outcome can be characterized as a failed low formation which is very typical within price consolidations.
If you are interested in the short side potential, following the illustration is most effective on smaller time frames and using a tool like my Trade Scanner Pro in trend mode. This setting is specifically for momentum continuation patterns which are likely to unfold in price regions that are not in close proximity to key levels (like 62L to 60K for example.) The idea is to follow the momentum on the smaller time frame while also accounting for the smaller magnitude profit objective and risk.
Playing the price action game totally relies on a strong grasp of HOW price moves, NOT WHY. One of the biggest obstacles for retail traders is the relentless amount of misinformation that is then mixed with personal emotional baggage. Yet, even though I repeat this often, it is no match for the power the drives human nature. People would rather react to and put their trust into an exciting story rather than a bunch of seemingly abstract lines on a chart.
What the typical trader fails to realize is that a chart is a historical record of human behavior expressed in the form of buy/sell orders. The problem we are trying to solve (where is price going next?) is a BEHAVIORAL one, and nothing more (even in the age of algos). One of the universal truths that make technical analysis worthwhile is that "history repeats itself". Why else do you think support/resistance levels have any future opportunity value?
Thanks you for considering my analysis and perspective.
Bitcoin 1 000 000$ ❚ Livermore cylinder📣 Hello everyone!
I bring to your attention my, I’m not afraid of this word, GLOBAL trading idea for Bitcoin for the decade ahead!
☝️ Now let me, as briefly but informatively as possible, explain to you how, step by step, Bitcoin will most likely come to $1,000,000 dollars, as well as what the two most serious risk factors are today ⚡️
In 1929, Jesse Livermore published this hypothetical chart (bottom right) showing “The Most Important Thing Happening to the Price of A Stock.” At the beginning of this pattern there is an expanding accumulation wedge, an upward “megaphone” (“horn”) formed from two sloping trend support/resistance lines. In the original, according to Livermore, it is necessary to take into account the volume when forming a pattern, but in my opinion, in relation to Bitcoin, it is better to take into account the spread; I removed this turkey from the final chart for the aesthetic reasons of the trading idea, so let’s study it on our own.
Having spent quite a lot of time on multiple technical and fundamental analysis of BTC, as well as taking into account trends in the macroeconomics of the United States and the world economy as a whole, I came to the conclusion that a very strong bullish pattern is forming on the Bitcoin chart - the EXPANDING WEDGE OF LIVERMORE ACCUMULATION!
This means that from the birth of Bitcoin until 2024, all these bullish and bearish microcycles are a period of accumulation of the asset!
🔹 Now briefly on key points according to the pattern:
1️⃣ All-time Low (ATL) - the minimum price of Bitcoin in its entire history, the birth of an asset!
2️⃣ ATH 2017 – First serious takeoff 🚀 Maximum of the bullish rally that ended in 2017 in the 19-20 k$ zone
3️⃣ Low 2018 – minimum correction after ATN 2017
4️⃣ ATH 2021 – a new absolute historical maximum in the area of 69k$, which only a few spoke about in 2019, including me with my trading idea Bitcoin $55 k$
5️⃣ Correction completed - low 15.4 k$ - Correction to growth to $69,000 completed in November 2022
6️⃣ The end of the bullish rally 2022-2025 - Bitcoin price 115-150 k$
- According to the graphical pattern I am considering, the long-term upward trend will most likely be limited in growth, taking into account the error on the monthly frame, by the zone of 115 - 150 k$ - At the moment, Bitcoin is consolidating above 60 k$.
The second inflation wave will force the Fed to return to tightening monetary policy after the US elections, probably closer to the second half of 2025 or even by the end of this year! Bitcoin will set a new ATH before this time and a long-term bearish trend will begin.
7️⃣ In 2027 - low correction ≈ 30 k$, the Fed is forced to give up, the war against inflation is lost. The start of an unprecedented QE... FED Money printer - brrrrr.....
- In 2027, the Fed will be forced to surrender, the war against inflation is lost. The United States will solve all its problems in the only possible way - launching a printing press and unprecedented QE. 2027 marks the start of the dollar's descent into hyperinflation.
The Bitcoin correction will end at 30 k$ +-10%, this will be the last opportunity to buy before the bull market of the century, the realization of an exit from almost 20 years of accumulation!
8️⃣ The most powerful and fastest bull rally in history! The first wave after exiting
accumulation. Hyperinflation in the USA...
- The most powerful and fastest increase in the price of Bitcoin in history! The first wave of the bullrun after exiting accumulation, within 1-2 years the mark of 500 k$ per coin will be reached. The United States is plunging into hyperinflation, the dollar is leaving the world stage, and the yuan is taking its place. Digital assets and commodity markets are growing.
9️⃣ ATH is coming soon... The second wave of the bull rally!
- Soon there will be ATH in pairs with the dollar... The second wave of the bullish rally! Hyperinflation is growing, the Fed can do nothing more - the phrase “dollar collapse” will sparkle with new colors among skeptics.
1️⃣0️⃣ Bitcoin $1,000,000 + "Bubble Peak"
– Bitcoin has crossed the $1,000,000 mark, the peak of the dollar bubble. In 2030-2035, the dollar may cease to exist as a currency in general; trading against the dollar may simply be stopped.
The value of BTC will already be measured, for example, against gold in the BTC/GOLD pair, or the Chinese yuan BTC/CNY.
_____________________________________
⚠️ This could have been the end, so to speak, to put an end to this trading idea. Further points make sense only if the dollar still exists, which is unlikely from my point of view. I just don't know what should happen. But I still outlined further points on the original Livermore pattern in this trading idea.
________________________________________
1️⃣1️⃣ BTC first major sale
– the first major sale of Bitcoin, since there is no such thing as eternal growth! Sooner or later there will always be people willing to sell; former bulls begin to sell short!
1️⃣2️⃣ Test 1 000 000$ before selling short!
– A round psychological level of one million dollars will be like the 10 k$ level for Bitcoin at one time; the price will interact with it more than once. 1 000 000$ test, followed by a powerful dump.
1️⃣3️⃣ Long-term correction near strong support 500 k$,1M timeframe
- Long-term correction - strong support 500 k$, timeframe 1 month.
1️⃣4️⃣ Flat correction – Another flat correction in a bear market, or any other.
1️⃣5️⃣ Strong support 100 k$ - Strong support in the area of 100 k$ - the formation of the bottom before a new growth cycle, it will probably already be >10 000 000$ (assuming the dollar exists at all!)
🔹 I note two global risk factors that could make significant adjustments to this global trading idea:
1️⃣ This is the government's fight against Bitcoin. I believe that in 2025-2027 Bitcoin will come under pressure from the US government, when it is already clear that Bitcoin poses a real threat to the dollar. Ultimately, Bitcoin will emerge victorious from this situation and there will be growth. The main trigger for the future bear market phase from my point of view!
2️⃣ The second threat is more significant. Bitcoin depends on electricity and miners in particular. Planet Earth is entering a cycle of natural disasters that will increase exponentially every year. Many areas in the world will become uninhabitable. Sooner or later, large miners will come under attack, what geolocations they will be and who will suffer first - I don’t know for sure! The network may not die completely, provided that the life of humanity and technology on Earth is preserved. But it is impossible to predict what damage will happen to the price of Bitcoin in this case.
⚠️ That's all for today, I wish you good luck in making independent trading decisions and profit. Please analyze the information received from me, always think only with your own head!
Goodbye! ✊
#SEI Scalp Short Idea - ALTCOINWe hit to 4H supply zone and rejected there.
Scalp short only. I am bullish overall.
I will be managing real time and i may close manually if i see something odd.
Nothing i share is financial advice. Education purposes only.
#Altcoins #Crypto #altcoin #AltSeason2024 #Bitcoin #Ethereum #ETH #ETHUSD #ETHUSDT #SEIUSDT #SEI #SEINETWORK #BTC
#ETH Salp Short Idea#ETH scalp short idea. Shorted from the supply. Expecting to retrace till purple line.
It is scalp, i am overall bullish. If we dont hit the target till monday evening (NY local time-EST) i will consider to close trade manually.
Nothing i share is financial advice. Education purposes only.
#Altcoins #Crypto #altcoin #AltSeason2024 #Bitcoin #Ethereum #ETH #ETHUSD #ETHUSDT
BITCOIN - Price can bounce down from wedge to $59000 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price declined to support line and at once bounced up to $60900 level and soon broke it.
Then, price made retest and continued to move up to resistance line, after which it turned around and declined to support line.
Next, price rose to resistance line, but soon started to decline inside wedge, breaking $64300 level at once.
After this, price fell to support line of wedge and then bounced up to resistance line, after which started to fall.
In a short time, BTC fell to support line of wedge, but recently it rose higher than $60900 level, breaking it.
Now, I think that price can rise slightly and then bounce to $59000, breaking support level and exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BITCOIN → Bullish Pressure !!!
As I mentioned in my previous analysis, Bitcoin experienced a good rise after breaking out of the wedge and is now near the top of the megaphone. Currently, it is in an ascending triangle, but we can't be sure about it yet. Additionally, on the MACD, we have a hidden bullish divergence, which alone is a bullish signal.
previous analysis
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Gold and BTC correlationWe can compare many charts trying to find what we want to see!
That's why I don't like patterns and correlations between assets! As we can see in the example of SPX and Bitcoin, sometimes they correlate and sometimes they go in completely different directions! We can't compare the world in 2008 and the world in 2024, there were so many geopolitical, political, natural, medical events and many other things that change the world every year! That's why I'm for analyzing the current situation in the world! I'm more than sure that in 2034 people will try to find some patterns comparing 2034 with 2024 and they will find what they are looking for! Whoever wants to see bearish patterns will find a hundred confirmations for the coming fall, whoever is waiting for growth will find a hundred confirmations for growth! And they will all look logical!
For comparison Gold and Bitcoin monthly charts! 2 times in the entire history of Bitcoin, when gold set its historical maximum and began to correct in 2011, Bitcoin needed 19 months to form a new historical maximum, rising from 4.30 to 1177
The second time this happened in August 2020, gold set a new maximum and went into correction, Bitcoin needed 8 months from August 2020 to set a new historical maximum from 10600 to 64800!
Therefore, if you need to find positive in the market, you will find it, if you sit outside the market and wait for a correction and the price is cheaper, you will find negative! But it is better to just be in the moment
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
---
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BTC potential sideways move?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
BTC started to have indecisive moves and trades in a band (as highlighted).
It could well be the trading band until otherwise broken.. not much bias now if you trading the near term.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Bitcoin(BTC) Near Key Resistance- Breakout or Pullback Ahead ??Bitcoin is approaching a critical resistance level at $65,420. 🚀 If BTC breaks through, we could see a push toward the next major target at $70,037. However, if it gets rejected, we might head back down to the support zones near $60,258 or even lower toward $57,315. 📉
Both bulls and bears should stay on high alert—this is a pivotal moment for BTC! Whether you’re looking for a breakout or preparing for a pullback, this chart is loaded with opportunities. Get ready to make your move! 💥
Trade what you see
MB Trader
HA-High Box Range: 62856.30-65618.80
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
Since this is a chart for trading, there is nothing to analyze.
However, since the chart has been released, I think it is necessary to explain how to actually use it, so I will spend a few more times explaining this chart in the future.
-
(BTCUSDT.P 1D chart)
In this chart, M-Signal indicators for 1M, 1W, and 1D charts have been added to check the trends necessary for chart analysis.
The 5EMA line of the 1D chart has been added for scalping and day trading.
- Basically, the point where you start trading is the BW (0), BW (100) line.
- Mid (50) line is the position conversion line.
- Low (20 UP), HIgh (80 Down) line are split trading points because they indicate the low and high points.
Since the Mid (50) line is showing signs of rising and being created, the key is whether the Mid (50) line can be supported around this area and rise above the High (80 Down) line.
-
(1h chart)
If the price is maintained above the BW (100) line, it is likely to lead to a stepwise uptrend.
If it falls below the BW (0) line, it is likely to lead to a stepwise downtrend.
Since 5EMA on the 1D chart > M-Signal on the 1D chart > M-Signal on the 1W chart, if it is supported near the BW (100) line, it is expected to lead to additional rise.
However, if the StochRSI indicator enters the overbought zone, it is likely to decline over time.
In that case, you should check whether there is support near the High (80 Down) line.
Also, if the Mid (50) line is created near the price, you need to check whether you should switch the position.
------------------------------------------------
(BTCUSDT 1D Renko chart)
You can see that the 63000 point is an important support and resistance point.
-
The point to watch is whether it can rise along the rising trend line (2) and receive support near 63515.05-64538.39.
-
The 62856.30-65618.80 section is the box section of the HA-High indicator on the 1D chart.
Accordingly, if it receives support near 62856.30, it is highly likely that it will attempt to rise to the 64748.70-65618.80 section.
If it falls below 62856.30,
1st: 61099.25
2nd: HA-Low on 1D chart (currently 56204.13)
We need to check for support near the 1st and 2nd above.
The next volatility period is around November 4th.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin after it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
BTC: Two Likely Scenarios I'm WatchingBitcoin hasn't yet been able to break out above the diagonal resistance that formed after the most recent high.
Until we're able to do a bump-and-run ABOVE this trendline, lower lows seem the most likely until we've found a zone with sufficient buying pressure to take us back upwards. Lower lows and lower highs mean short term bearish, unfortunately.
I discuss the reasoning for these two scenarios in a little more detail, here:
However, this doesn't imply that there won't be decent range trades / swing trades in this area - in fact, there's been incredible opportunities whilst Bitcoin chops around. Follow here to make sure you never miss a moment!
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BINANCE:BTCUSDT