DOGE x100 Trade In Play: x25 Profits Left. DOGE Update 🚀: After entering at $0.1, we’re now at $0.4, but there’s even bigger news beyond the price movement.
DOGE isn’t just a meme coin anymore—it's officially part of U.S. politics! President-elect Donald Trump announced the formation of the US Department of Government Efficiency, aka "D.O.G.E." with none other than Elon Musk set to lead it alongside former candidate Vivek Ramaswamy.
Their mission? Slash government waste, post spending reports, and let citizens vote on “insanely dumb” budget items. Following the announcement, Dogecoin spiked 20% before cooling off, reminding us that the DOGE rollercoaster is far from over. Even with the hype dips, DOGE has gained 300% since Trump’s election win.
With my $10 target in sight, there’s still a 25x potential from current levels.
Previous DOGE charts:
Stay tuned!
Arshevelev
Ethereum's Path to $4,200: Rising Channel Signals Big MovesHello, fellow traders! I'm excited to share my latest insights on Ethereum. Let's dive into the long-term trends and what they might mean for us in the upcoming months.
Current Market Structure
Ethereum's price is developing within a long-term rising channel, showcasing a series of higher lows and higher highs since 2022. This pattern indicates a sustained bullish momentum.
Key Support Level: $2,000
This level is crucial. Holding above $2,000 suggests Ethereum may continue to rise within the channel.
A breakdown below could signal a potential shift in the trend.
Potential Price Movements
Upside Potential:
If Ethereum remains in the rising channel, there's a strong chance we could see a move up to the previous all-time high (ATH) around $4,200.
Breaking above $4,200 might pave the way for new ATHs.
Resistance and Reversal Risks:
The previous ATH at $4,200 could act as a significant resistance point.
There's a possibility of a pullback from this level, potentially leading to a "stop-loss hunt" scenario that might drag prices down to the $3,400–$3,200 area.
My Outlook
I'm anticipating movement within the rising channel towards $4,200 in the coming months. At this key level, caution is essential. Considering taking profits or adjusting positions could be a wise strategy.
What do you think about Ethereum's current setup? Are you observing similar patterns or have a different perspective? I'd love to hear your thoughts!
If you found this analysis helpful, please give it a like and follow for more crypto insights. Best of luck to all the hodlers and traders out there!
Bitcoin's Next Move: Bullish Continuation or Bearish Reversal?Hey, traders! Artem here with another Bitcoin update. Let's dive into the 4-hour chart and explore the recent price action to see what’s been happening since last week.
Bitcoin has broken through key levels , hitting a new high of $66,566 last Friday , and this could signal a potential uptrend . But is it all bullish, or should we watch out for a reversal?
On the chart, we’ve got a fresh Higher High (HH) at $66,566 and a Higher Low (HL) at $52,400 , which typically suggests bullish momentum. However, there's a Rising Wedge pattern forming , which is often a bearish signal . Bitcoin has broken out of the wedge, moving down from $66,000 and is now trading around $63,570 , near a key support level at $62,800 (marked in blue).
If this support holds, we could see some sideways movement followed by an upward continuation. But if the selling pressure continues and $62,800 fails, we might see a further decline toward $60,848 , with $61,824 (marked in red) as a critical level to watch.
What’s your take on Bitcoin this week? Are we going long or short? Share your opinion in the comments – I’d love to hear your strategy!
If you found this analysis helpful, don’t forget to like and follow for more market updates. Let's see where Bitcoin takes us next!
How to Adam & Eve PatternEver wondered about Adam and Eve in trading? It's a straightforward and powerful pattern.
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Picture Adam as the first market peak or dip, and Eve as the second, forming a U-shape. This pattern highlights a robust price level, suggesting a potential market shift.
How to Utilize It?
In a downtrend, spot Adam and Eve as double bottoms. When Eve follows Adam, indicating a strong support level, consider entering trades. Trade when the price breaks above resistance line, with a stop loss set at the neckline level.
Pay attention to trading volumes. They confirm buying or selling strength, offering a clear signal for a trend reversal.
Finding Your Target:
Identify the pattern's height from the neckline to the peak of Eve. Project this distance downward from the breakout point for a bullish pattern or upward for a bearish one. This gives you a potential target for your trade.
Here is an example of Adam & Eve pattern play on Bitcoin chart:
Master the Adam and Eve pattern to make confident trading decisions. It's an intuitive way to identify market change in trend and make strategic moves. 📈✨
What Experienced Traders SayHey! In this post, I would like to share seven unexpected tips that can transform your trading approach and mindset.
These insights, collected from various sources and trader experiences, challenge conventional wisdom. Implementing these principles can significantly enhance your trading performance and decision-making .
7 UNEXPECTED TIPS
1️⃣ Trading More or Longer is Not Better: Quality over quantity should be your mantra; focus on high-value trades rather than increasing volume. Trade proven setups.
2️⃣ Trading is Not About the Market; It's About You: Your mindset, discipline, and emotional control play a pivotal role in your success. Don't gamble!
3️⃣ The Focus is Not on Winning; It's on Not Losing: Risk only what you can afford to lose. Protecting your capital should be your primary goal — profits will naturally follow.
4️⃣ Demanding Certainty is Not Productive: Think probabilistically. Embrace the uncertainty of the markets; flexibility is key to adapting your strategies.
5️⃣ A Trader Does Not Need to Be a Genius: Successful trading is about consistency and learning, not innate talent. Get smart.
6️⃣ The Harder You Try To Make Money, The Harder It Becomes:
LET IT GO! Sometimes, letting go of the need for immediate profits can lead to better results.
7️⃣ How Often You Win is Less Important Than You Think: Focus on your overall strategy and risk management rather than just win rates. You can be PROFITABLE with 33% win rate!
What do you think about these unexpected tips? Have you experienced any of these insights in your trading? I’d love to hear your thoughts and experiences — drop a comment below!
If you found these tips valuable, please give this post a like and follow for more insights!
Why ARTYFACT Token Is Poised for Growth!Hey, TradingView community! I'm excited to share my analysis of the ARTYFACT token, which appears to be on the verge of a significant breakout.
In this post, we’ll dive into the price action of the ARTYFACT token , which seems to be bottoming out. This distinctive formation resembles a Falling Wedges , signaling a potential bullish overtaking of the bears. The price is flattening out and may soon exit from accumulation zone around the $0.40 range.
Currently, the price is breaking out from resistance and aiming for targets between $0.60 and $0.75 . If momentum continues, we could see movement towards $1.00 and even $2.00 in the long term. However, it’s crucial to exercise caution, practice good risk management, and always trade with a stop loss.
Several factors in the ARTYFACT ecosystem support a bullish outlook:
Market Valuation: With a market cap of just around $8 million, appears significantly undervalued, offering ample growth potential as the GameFi sector expands.
Exchange Listings: Already available on major exchanges such as OKX, Bybit, and KuCoin, could see further price increases if it secures a listing on Binance.
Beta Launch: The upcoming ARTYFACT Beta launch, along with other planned events, is expected to positively influence the price.
Chart Patterns: Technical analysis of the price chart suggests the token may have already hit its bottom, indicating a potential upward trend.
What do you think about the current setup for ARTYUSDT? Have you noticed similar patterns in your analyses? Drop your thoughts in the comments below — I’d love to hear your perspective!
If you found this analysis helpful, please give it a like and follow me for more insights.
Stay tuned for more updates, and let me know if you have any other assets you’d like me to analyze!
BITCOIN ULTIMATE PARABOLIC CURVE CHART | Insane $181,267 Target!🟢 Hello, fellow traders! I’m excited to share an update on Bitcoin price prediction and the potential implications of the Parabolic Curve pattern we witnessing at the moment!
Today, let’s dive into the Parabolic Curve as Bitcoin approached the end point of Base 4. Understanding this pattern can help us evaluate future trading opportunities.
The Parabolic Curve often surfaces near the culmination of major market surges, marking the end result of multiple base formation breaks. This pattern is typically seen in growth assets with innovative technology or visionary leadership — Bitcoin is a prime example.
Last year, at the pivotal point of Base 3 , indicated by the "X" on the chart at $25,700 , Bitcoin doubled in a remarkably short timeframe.
The hallmark of this pattern was its staircase-like formation, where the price created short-term bases before catapulting to new highs, repeating this cycle multiple times during its ascent.
In my analysis using Fibonacci tools and Elliott Waves , I've observed that:
Base 4 in the range between the $72,759 resistance and $55,257 support , with lowest spike at $49,000 .
The anticipated sell zone for the parabolic move was positioned between $149,175 and $181,267 .
This parabolic curve, reminiscent of a rocket's trajectory, has demonstrated significant persistence. However, as we saw, caution is a key as this pattern near completion; rapid upward momentum can conclude abruptly, resulting in price declines that outpace previous gains.
What are your thoughts on Bitcoin's recent movements? Did you spot the Parabolic Curve unfolding as anticipated? Share your insights in the comments below — I’d love to hear your perspective!
Your support means the world to me, so if you found this analysis valuable, please smash that like button and follow for more insights!
Bitcoin Eyes $64,928: Will the Double Bottom Confirm?Hello, fellow traders! Today, I’m diving into Bitcoin’s recent price action following the Fed's rate cut decision.
Bitcoin has been stuck in a range for some time, and the recent -50bps rate cut has triggered a positive market reaction. Let's break down what this could mean for Bitcoin's next move, with a focus on the developing Double Bottom pattern.
Current Situation: After the Fed's decision on September 18th, Bitcoin is showing signs of upward momentum. However, it's still forming a Double Bottom pattern, which needs to move up to the neckline at $64,928 to confirm a potential breakout.
What to Watch: The key target level for a bullish continuation is $69,607 . Currently, we only have a Higher Low established on September 7th, which hints at a possible shift in market sentiment.
Risks: The invalidation level is around $53,968 . If Bitcoin drops below this, it would form a Lower Low, potentially signaling a bearish trend.
What do you think, traders? Will Bitcoin break through the neckline, or are we in for another pullback? Share your thoughts in the comments – I'd love to hear your perspective on this pattern!
If you found this analysis helpful, please give it a like and follow for more insights. Let’s keep an eye on Bitcoin’s next moves together! Feel free to ask any questions or request an analysis of another asset in the comments.
Ethereum Price ConsiderationsHey there, Ethereum enthusiasts!
If you like my graphics, send some 💙💛
Gather 'round because we've got something to talk about.
Picture this: a pattern that blending elements of a Double Bottom and an Adam and Eve formation. This kind of pattern often signals a big turnaround.
Now, let's dive into the nitty-gritty. The chart's telling us that Ethereum is probably not going to dip below $1500, and honestly, it's looking quite sturdy around this range . Of course, just to be safe, let’s consider a scenario where Ethereum sees a little dip, but hey, let's keep our fingers crossed that it doesn’t tumble below $800.
But here’s where it gets interesting: the sweet spot is right around $2000.
If Ethereum manages to break through this level, we might just be on the road to reclaiming its all-time high of nearly $4840, a number that still echoes in our minds from the crazy days of 2021.
Now, here’s the exciting part: my optimistic side sees Ethereum soaring to a fantastic $14000, but remember, the crypto loves to surprise us.
Prices could skyrocket beyond our dreams or settle around $8000.
The road ahead is full of twists and turns, but hey, that's what makes this journey so thrilling, right?
CRYPTO MARKET CAP NEARS 200W MA! PRE-CRASH VIBES?Hello, fellow traders! Today, I'd like to share an intriguing analysis of the Crypto Total Market Cap chart, highlighting potential areas of reversal and target zones that could shape the market's direction in the coming months.
By examining different timeframes, I've discovered an interesting scenario unfolding on the weekly chart. The price action in 2024 appears to be forming a downward channel , reminiscent of a pattern we saw back in 2019 . This analysis could provide valuable insights for anticipating future market movements and identifying trading opportunities.
In 2019 , the crypto market experienced a significant advance in Q1 and Q2 before entering a declining channel. Many of us remember what happened next: Bitcoin started moving upwards, pulling the total market cap out of the channel. This movement coincided with the onset of the COVID-19 outbreak in China, leading to a failed rally . It wasn't until February 2020 that we witnessed signs of a market turning point, followed by a substantial crash during the global lockdown.
Fast forward to today, we're noticing similar patterns:
$2.5 Trillion Level: This level mirrors the failed rally point of 2020 and serves as a critical resistance area. A break above could signal bullish momentum.
$1.0 Trillion Level: This zone might act as a potential "surprise" support level in the event of unexpected market downturns.
Additionally, the 200-week moving average is acting as a significant support line. We might see the price spike below this average briefly during high volatility but expect it to recover above shortly after.
What are your thoughts on this setup? Do you think we're heading towards a failed rally similar to 2019, or are we on the brink of setting new all-time highs? Could external factors influence the market as they did back then? Share your insights and let's discuss!
Remember, the crypto market is highly unpredictable. Protecting your capital through proper risk management is crucial. A fundamental strategy is to risk no more than 1% of your capital per trade.
If you found this analysis helpful, please like and follow for more in-depth market insights. Stay tuned for future posts where we'll explore emerging trends and potential trading strategies. Happy trading!
FIOUSDT Long-Term View:Hey there, crypto traders!
If you like my graphics, send some 💙💛
Today let's discover the chart of BINANCE:FIOUSDT consolidated in the Falling Wedge pattern.
This chart formation suggests a substantial move, potentially revisiting previous support-resistance levels.
Waiting for a confirmed breakout is crucial, guarding against premature moves that might lead to new All-Time Lows.
🎯 Key Resistance Levels:
0.019 - 0.026 - 0.036 - 0.059 - 0.088
Patience is key!
DOGECOIN 2024 — A Massive Breakout Coming?Hello, fellow traders! I'm excited to share an intriguing analysis with you today. Let's explore how Dogecoin DOGEUSD might be following in the footsteps of Stellar's XLMBTC remarkable 2017 bear market and 2018 bull run.
By comparing historical charts of Stellar with the current movements of Dogecoin, we could uncover patterns suggesting a significant breakout for DOGE this year and into the next. This insight might help you spot potential trading opportunities in the market.
Stellar's 2017 Journey
On the top chart, we have Stellar XLMBTC chart from 2017 and 2018:
All-Time High (ATH) of 2017: Stellar reached its ATH, followed by a period of declining lower highs during the summer months.
Accumulation Phase: Mid-autumn brought an accumulation zone, indicating consolidation before the next big move.
Wedge Pattern Formation: A wedge pattern emerged, leading to increased bullish momentum.
Breakout to New Highs: Post-wedge, Stellar entered a phase of higher highs, establishing a new ATH at the beginning of 2018.
Dogecoin's Current Path
Now, let's examine Dogecoin DOGEUSDT on the 3-day timeframe:
ATH in May 2021: DOGE hit its ATH and then began a decline into a lower highs zone.
Accumulation Zone Since Mid-2023: Like Stellar, DOGE was in an accumulation phase that lasted until 2024.
Wedge Pattern Development: In 2024, DOGE formed a wedge pattern, with the price currently residing within this formation.
Moving Averages Alignment: Interestingly, the moving averages on both charts behave almost identically, reinforcing the pattern similarity.
What This Could Mean
The parallels between DOGE and XLM suggest that Dogecoin might be bottoming out and could be on the verge of a significant breakout. While history doesn't always repeat itself, these patterns are worth paying attention to.
What are your thoughts on this comparison? Do you think Dogecoin is set to follow Stellar's past performance? Share your insights or any questions you have in the comments below — I’d love to hear your perspective!
Remember, the crypto market can be unpredictable. It's essential to protect your capital and manage risks appropriately. A fundamental risk management strategy is to use no more than 1% of your capital per trade.
If you found this analysis helpful, please like this post and follow me for more cryptocurrency insights. Stay tuned for more updates!
A Decade of DOGECOIN Brilliance. x100 Potential Hidden?!🎉 Happy 10th Anniversary, DOGECOIN! 🎉
December 6th, marks the 10th anniversary of DOGECOIN's genesis. Initially created as a light-hearted meme coin, it's become a significant player in the crypto space.
The BINANCE:DOGEUSDT price chart tells an intriguing story. Currently, it's showcasing a repeating pattern – Descending Triangles.
These patterns have historically been precursors to substantial upward movements. Dive into the clear chart representation here:
In the past, these triangles paved the way for remarkable gains, including an x66 surge in 2017 and an astonishing x238 leap in 2021, fueled by none other than Elon Musk.
On the weekly timeframe, this movement resembles a light breath, but in reality, holding onto this for the long term can be a challenging task.
It's crucial to approach it with a solid risk management strategy.
Strap in for the ride and ensure you're equipped for the DOGE rollercoaster!
Bitcoin’s Rounded Top [Wyckoff Distribution]: 5 Phases to KnowHello, Trading Community!
Today, we dive into the fascinating world of the Wyckoff Distribution model as it applies to Bitcoin's current market structure. Please remember that this article is purely for educational purposes and is not intended as trading advice.
While we explore potential scenarios, including the possibility of Bitcoin heading down to $30,000 or even $25,000, these claims are speculative and should be considered hypothetical.
The Wyckoff Distribution Model: A Roadmap for Market Tops
The Wyckoff Distribution model offers a comprehensive framework for understanding how major market players distribute their holdings before a significant downturn. It is divided into several phases:
Phase A: The market begins to show preliminary signs of selling pressure after an extended uptrend. This is the first hint that the balance of power is shifting from buyers to sellers.
Phase B: The market enters a consolidation phase, moving sideways as large investors gradually distribute their positions.
Phase C: A deceptive breakout, known as the Upthrust After Distribution (UTAD), occurs here, often trapping unsuspecting retail traders.
Phase D: The onset of a decline, marked by clear Signs of Weakness (SOW), indicates that the distribution phase is nearing its end.
Phase E: The final phase, where the market confirms the distribution and continues to fall, marking the completion of the process.
Breaking Down Bitcoin's Key Price Points
Let's take a closer look at the crucial price points that have defined Bitcoin's current structure within the Wyckoff Distribution model:
Buying Climax (BC) - $73,660
This is the pinnacle of buying activity, where demand reaches its peak before supply starts to dominate. For Bitcoin, this level marked the highest point in the current cycle before a significant sell-off began.
Automatic Reaction (AR) - $60,795
Following the Buying Climax, the market experienced an Automatic Reaction—a sharp drop as sellers stepped in. This level is critical as it signifies the start of the distribution process.
Upthrust (UT) - $71,180
The Upthrust represents a rally that tests the resistance near the Buying Climax. However, it fails to sustain those levels, hinting that the market's upward momentum is weakening.
Upthrust After Distribution (UTAD) - $71,680
The UTAD often serves as a bull trap, where the price makes a final push above the resistance only to quickly reverse. This move confirms that distribution is taking place.
Sign of Weakness (SOW) - $54,344
After the UTAD, the market drops significantly, signaling a clear Sign of Weakness. This level demonstrates that sellers are gaining control, pushing the price to new lows.
Last Point of Supply 1 (LPSY 1) - $70,040
The first Last Point of Supply (LPSY 1) is a weaker rally that fails to reach previous highs. This is a key indicator that the market's bullish momentum is fading, and distribution is nearing completion.
Last Point of Supply 2 (LPSY 2) - $65,105
Currently, Bitcoin is in Phase E, at the LPSY 2 point. This level is crucial as it typically marks the final confirmation of distribution before a sustained downtrend.
Navigating Phase E: The Final Act of Distribution
As Bitcoin navigates through Phase E, the LPSY 2 level becomes a focal point. This phase is characterized by further price declines as the market confirms the distribution. Here’s what to watch for:
Lower Highs and Lower Lows: Expect the price to continue forming lower highs and lower lows, reinforcing the bearish trend.
Volume Patterns: During this phase, volume analysis becomes critical. Look for decreasing volume on upswings and increasing volume on downswings, which confirms the presence of distribution.
Final Thoughts
The Wyckoff Distribution model provides a structured way to understand how markets transition from bullish to bearish trends. With Bitcoin currently exhibiting a Rounded Top structure and sitting at LPSY 2 in Phase E, the evidence suggests that we may be on the cusp of further declines. By staying vigilant and analyzing key price levels and volume patterns, traders can better position themselves to navigate this challenging market environment.
In this complex market phase, understanding the underlying forces at play can be the difference between protecting your capital and being caught off guard by the next big move.
Stay tuned for more!
BITCOIN'S ULTIMATE PARABOLIC CURVE — EYEING $181,267.00The Parabolic Curve often emerges near the culmination of a major market surge, marking the end result of numerous base formation breaks.
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The Parabolic Curve patterns are commonly observed in growth stocks with innovative products, groundbreaking technology, novel business models, or visionary leadership. Typically, these assets represent market leaders — like Bitcoin for crypto.
💡 At the pivotal point of Base 3, symbolized by the "X" on the chart and situated at $25,700, Bitcoin is poised for a potential doubling in the shortest timeframe.
This pattern's hallmark is its staircase-like formation, creating short-term price range bases before catapulting to new highs, repeating the cycle multiple times in its ascent.
I've conducted a detailed analysis using Fibonacci tools and Elliott Waves, projecting Base 4's estimated range between the $60,000 resistance and $46,700 support.
Additionally, considering Fibonacci extensions and channels, the SELL POINT for the parabolic move is anticipated at range between $149,175 and $181,267.00
This parabolic curve, reminiscent of a rocket's trajectory, can endure for weeks or even months. However, caution is warranted as the pattern nears completion. The culmination of the rapid upward momentum often concludes abruptly, plunging in price even faster than its ascent.
Bitcoin: BBW Squeeze ReturnBitcoin experiencing its tightest Weekly Bollinger Band Width squeeze since 2012.
But before we dive into this, let's take a moment to get to know Bollinger Bands , which are a common tool in trading. These were created by John Bollinger back in the early 1980s to help us understand price volatility better.
So, what makes up Bollinger Bands?
If you'd like a visual, check this out:
- The Middle Band: Typically, it's a 20-period simple moving average (SMA).
- The Upper Band: This one is calculated by adding twice the 20-period SMA's standard deviation to the middle band.
- The Lower Band: And the lower band is found by subtracting twice the 20-period SMA's standard deviation from the middle band.
Now, let's talk about the Bollinger Band Width.
You can see it here:
This Width essentially measures the gap between the upper and lower Bollinger Bands. If it's narrow, it means low volatility, and if it's wider, it suggests higher volatility.
Okay, back to Bitcoin and its Weekly Bollinger Band Width Squeeze.
This recent phenomenon means that Bitcoin's weekly price volatility has tightened, reaching levels not seen since 2015-2016
So, what does this tightening mean? It implies that Bitcoin's price movements are getting more constrained, which might indicate that significant price swings are on the horizon. The last time Bitcoin went through such a squeeze was almost a decade ago, and it resulted in prices skyrocketing from $750 all the way up to $19,900.
For traders and investors, low volatility might seem uneventful, but it often comes just before big market shifts. Keep a close eye on things as those Bollinger Bands start to widen out; Bitcoin could be gearing up for some noteworthy price action.
To sum it up, Bitcoin's tightest Weekly Bollinger Band Width squeeze since 2012 hints at potential price increases. As traders gear up for what's next, it's a reminder that these calm periods can often lead to some pretty exciting opportunities.
An In-depth Look at the Bitcoin Halving History and 2024 A Brief Overview of Previous Bitcoin Halving & Its Effects on the Market
Bitcoin halving is an event that occurs every four years and halves the reward for miners who successfully mine a new block.
The Bitcoin protocol is heavily reliant on a concept known as mining. Mining is an essential part of the Bitcoin network and this is the process of verifying transactions on the Bitcoin blockchain, and has a significant impact on the Bitcoin market, as it affects the supply and demand of the Bitcoin.
The first halving of Bitcoin occurred in 2012 and marked a major milestone in the cryptocurrency's history. Halving process reduces the amount of new Bitcoins created and released into circulation every 10 minutes, thereby reducing inflation and increasing the scarcity of Bitcoin. The halving event was seen as a bullish sign for the future of Bitcoin, as it suggests that demand for the digital currency is increasing while supply is decreasing.
The rest of halvings in 2016 and 2020 Bitcoin price was followed by a pre-event and post-halving bullish rally which saw Bitcoin prices soar to all-time highs in 2017 and 2021 respectively.
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What are Predictions for the Future Effects of 2024 Year's Bitcoin Halving on Prices?
The Bitcoin halving of 2024 will be one of the most anticipated events in the cryptocurrency world. It is expected to have a major impact on the price of Bitcoin, and many experts are predicting that it could result in a significant increase in its value. It is important for investors to understand how this event is affecting the market so that they can make informed decisions about their investments.
As we approach the Bitcoin halving, it is important to understand what it means and how it will impact the cryptocurrency market. 2024 year's halving will reduce the reward for miners from 6.25 BTC, the next block reward will be 3.125 BTC per block mined, which could have a significant effect on the price of Bitcoin and other cryptocurrencies. To prepare for this, investors should be aware of potential changes in market dynamics, such as increased FOMO stimulus, sudden price volatility prior to halving.
The halving events of Bitcoin have been divided into sectors in a chart to provide an insightful look into its history. It is interesting to note that each halving event is marked with a unique color, starting with number 0. This chart also provides a glimpse into the changes in Bitcoin's value during these events 1-2-3, and how they have impacted the growth of Bitcoin
1 Rising phase (2013, 2017, 2021)
2 Crash phase (2014, 2018, 2022)
3 Bottom Phase (2015, 2018, 2023?)
According to this trend we can expect that 2023 is the Bottom phase of the cycle, and is likely to see prices double as investors look to make profits on the increasing scarcity of Bitcoin. After this, it's likely that we'll experience a rapid rise back towards new All-time Highs (ATH), as investors FOMO to take advantage of the increased demand.
The bitcoin halving of 2024 will be a pivotal moment. After the halving, the amount of newly mined bitcoins will be reduced by half and this could lead to a significant change in the Bitcoin price. This may have both positive and negative implications for the value of bitcoin, however it might be a pure math of Supply and Demand.
Best regards
Artem Shevelev
Solana's 2020-23: Akin to Ethereum 2017-21, Eyes New ATHWhen we take a closer look at Solana's recent history, it's hard not to draw comparisons to Ethereum's past. The price movements seem eerily similar, and it feels like we're at a pivotal point, much like where Ethereum once found itself.
With this in mind, many in the crypto Twitter and TradingView are brimming with excitement, believing that Solana might just be gearing up for a remarkable journey towards a new all-time high in 2024.
💬 Your thoughts on this? I would love to hear your insights in the comments below!
Crypto Market Cap REACHED $1 TRILLION . buy before its too lateHello there, it's been a long time since I updated my @TradingView page. All of my prior market updates hit their targets, and the market is presently hovering at favorable buying positions for mid-term and long-term investors. It's still a risky zone to go all-in, but we may try a few entry for a fraction of our portfolio.
I believe the crypto market will return right here at 1T market cap and rise to 2T market cap. This means that all altcoins/tokens will grow at least 2-3x from their present levels.
I believe the market is not prepared for another bull run since all investors who joined the market on the downtrend will exit at possible breakeven. This will lead the market to drop from 2T (or close to it) to 1-1.2T.
Stay safe, peace out!
Best regards
Artem Shevelev
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Shiba Inu: Potential +95% from Wedge Breakout!Hello dear traders!
Your support means the world, so smash that like button to keep the motivation flowing! 💙💛
BINANCE:SHIBUSDT is breaking out of a Falling Wedge pattern! This breakout suggests a potential uptrend, and the token could hit key resistance levels on its way up, specifically at 1214, 1480, and 1773.
Now, about the Falling Wedge: it's a pattern on a price chart that typically indicates a reversal or bullish continuation. Imagine a wedge sloping downward, and BINANCE:SHIBUSDT breaking out of it is like a springboard for potential gains.
For safety measures, consider setting a stop loss below 800 . This step is all about protecting your investment. Also, think about using a lower-risk position size – it adds a layer of security to your overall strategy.
Here's to successful trading!
If you have any questions or need more insights, feel free to ask.
Bitcoin Analysis: Big and LongBitcoin has recently showcased its resilience, surging past the significant $31,000 mark. This breakthrough is not a mere coincidence; it's a part of a grander design in the crypto market.
If your preview is distorted here is image copy of this analysis:
Let's delve into the intricacies of this upward momentum:
1. Halving's Influence:
One of essential factors in Bitcoin's trajectory is the phenomenon of halving. Bitcoin halving events have historically influenced supply and demand dynamics, often leading to significant price rallies.
As we approach the halving period, this historic pattern adds an extra layer of confidence to the current bullish sentiment.
2. Impulse Structure and Rising Channel:
Bitcoin is painting a compelling picture on the daily timeframe. Within a substantial impulse structure, a rising channel is emerging.
This channel indicates a positive trajectory, reflective of market confidence.
3. Third Wave Speculation:
Within this structure, the market is now poised for what appears to be the third wave, a potentially substantial wave marked by extensions.
The current expectations are set on a retreat to $30,000, acting as a pivot point for the forthcoming surge, with the next ambitious target resting comfortably at $50,000.
4. Wyckoff Accumulation Pattern:
Bitcoin's strength lies in its Wyckoff accumulation pattern.
Though subtle, this continuous weakness exhibits a steady and robust progression, making it a quite unique pattern among other accumulation patterns (cup and handle, saucer etc).
5. Bollinger Bands Width Squeeze:
A striking observation is the Bollinger Bands width, reaching a low not witnessed since the market bottom of 2014.
This rarity accentuates Bitcoin's growth potential, serving as a strong indicator for investors.
6. Historical Comparisons:
By comparing the current market behavior with the patterns observed in 2015-2016, a striking resemblance emerges.
This historical congruence enhances our confidence in the ongoing trend, providing a solid foundation for the $50,000 target.
7. Institutional Interest:
With each positive move, the market gains momentum. It's not just individual investors; institutional players are also recognizing Bitcoin's potential.
The imminent approval of a Bitcoin ETF promises to be a game-changer. This financial instrument bridges the gap between traditional markets and cryptocurrencies, rendering Bitcoin accessible to a broader investor base. The ETF's advent not only signifies regulatory acknowledgment but also invites a wave of retail participation.
The anticipation is that as we approach the holiday season, institutional investors will further solidify this upward trajectory.
In essence, the recent surge beyond $31,000 signifies a strategic move in the crypto chessboard. As we navigate this rising channel, the road ahead holds promise, with the $50,000 mark gleaming on the horizon.
Adding to this momentum, RSI (Relative Strength Index) is showing both Bullish and Hidden Bullish divergence alongside the development of the rising channel. These signals align, painting a robust picture for Bitcoin's price increase.
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