BTC ATH prediction revision, MA ATL achived, what to expect?last january 26, i made a long term prediction (rough one), where i expected a price dip and resistance beetween 40 to 50k usd.
i was wrong in part, there is a channeling resistance, but lower 30k. this is a new ATL, but logical, ence it respects a remanaicent resistance.
things look good, btc is gaining .5 a day since the last 2 W.
a new bullish trend ahead? ;)
honestly? i expect the green arrow, and you?
leave a comment, share knowledge! ;)
ATH
BTC is going to a new ATH from there (1H of 2023)/ I have pointed out the divergence (double heights + decline on RSI) on November 2021 that drives the current correction
/ Now we are about to finish the downtrend
/ Still some sideways/mere down movements are possible for a period of 1-3 months
/ The road to a new ATH wouldn't be a straight line (as drawn) ..lol
/ Timewise it would be in the 1H of 2023
BTC starting wave 5 of weekIn monthly i have no idea about BTC because in my idea this at the moment is very sensitive about bubble bursting. But in weekly we can see it just closed wave 4 of week (Elliott wave) and if this is the last bullrun (monthly waves) so i want to see Head and shoulders or Triple top pattern in there. Psychology will be excited if the BTC break ATH 3 times in a shortime and that's what I want to see. Wish you successful trading and control your emotions.
Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed.
Don't forget click like, it's a hug for me. Thank you!
Will we see a triple top on BTC?Hello everyone, let's take a look at the BTC to USDT chart over the weekend 1 timeframe. As you can see, the price is moving in the uptrend channel.
Let's start with marking the support line and as you can see we are currently in the designated support zone from $ 31,251 to $ 26,665, if the support zone is broken, we are still around the previous ATH.
Now let's move from the resistance line as you can see the first resistance is $ 36,758, if you can break it the next resistance will be $ 43,001 and $ 47,937 and $ 53,018.
Looking at the CHOP indicator, we can see that during the weekend interval, some energy has been used, but we still have some further move, while the MACD indicator shows that we are on a decline and we are waiting for the blue line to go up, crossing the red line from the bottom.
A SILENT BUILD WITH TRADE MANAGEMENT USING #DGHere I decided to quietly markup up the run Dollar General went on from Feb-Apr. I used the Daily Chart & this is purely form a Swing Trading perspective.
It was indeed beautiful. I actually was releasing a webinar in March and I included an options play on Dollar General when it was at 199. I signaled 207-220 calls, with overall upside potential to 240.
Dollar General over the next month or so, made a new ATH of 262!
A 32% increase in share price form the time I mentioned the trade.
If held, a lot of traders would have made well over 5 figures with this one swing trade alone.
#DG was in a downtrend from Jan-Feb before buyers stepped up. This video simply shows how to spot the trend reversal and use the prior "Bull Traps" and "Parabolic/Climatic" selloffs as your price targets on the way back up.
Trends whether up or down will ALWAYS show its hand before reversing. Your job as a trader is to spot that "tell tell sign".
If anyone needs help tweaking their trading systems, feel free to reach out. I have "Flash Courses" and I also offer strategy sessions.
Why BITCOIN can do something it hasn't ever done in the past Since Bitcoin was invented, it has been through 3 halvings which resulted in 3 bull cycles.
2012 Halving -> 2013 Bull Cycle
2016 Halving -> 2017 Bull Cycle
2020 Halving -> 2021 Bull Cycle
Next halving date is estimated at March 2024.
After 2013 & 2017 Bull Run cycles, Bitcoin hasn't ever retested previous cycle all time high (ATH)
Why was that?
Bitcoin has always created support area before it topped as we can see on the chart.
After 2020 halving, Bitcoin grew so fast into 2021 Bull Cycle that it didn't create a potential support area below 28.000$.
If 28.000$ area doesn't hold, due to lack of support between 28.000$ and 20.000$, Bitcoin can dump and retest previous ATH.
Next Crypto pump cycleAs we reach the end of the BTC pump cycle we need to assume that it will follow what it done in the past:
1) the pump
2) the top
3) the fall
4) the stumble back up
5) the emotional pain
Right now we are in the final part of the 4th stage before we get a year or two of crappy prices.
Each time we've reached the top its been followed by a 70-80% decline right now we are only down 30% from ATH so according to my predictions and previous pump cycles we are due another 40-50% decline.
Best case scenario
It will take 475Days from the all time high which is around August 2022 for new bullrun after a 65% drop
Worst case scenario
It will take 475Days from the all time high which is around August 2022 for new bullrun after a 71% drop
Will KAVA reach $12 in this cycle ?My EMA 50D & MA 230D crossover is happening. In the past, this crossover took place two times and triggered amazing rallies every time.
KAVA price is in an ascending broadening wedge. This promisses a potential new ATH of $12.
What do you think?
All comments for this guess and FA news on KAVA are welcomed. Thanks in advance!
GMT new ATH near? Dear traders, GMT (green metaverse token) has repeatedly shown the strength and solidity to be able to aim very high. Since its launch, it has had a lot of progress making dizzying numbers. In my view, however, these numbers are not over yet. In fact, as can be seen from the chart, after recording a new ATH, the price has started a little correction to retest the resistance that has become support at $ 3.5. We are now facing another strong upward price action and the targets are shown in the figure.
Will GMT be able to register a new ATH? We'll see :)
GMT to the moon! New ATHNews about the Listing GMT and GST on Coinbase give GMT enough Rocket fuel to fly to the moon!
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Please note that this is not a financial advice. Just my personal idea. Do your own research.
BTC, The KEY to unlock the FUTURE is hidden in the PAST !We can never predict the future without looking to the past !
Many analysts and traders are involved these days in latest short or mid term trend lines or small scale channels. They may use some other tools like Ichimoku clouds or pitchfork for opening a long or short position however, non of them can give us an insight to what is happening in BTC these days. In fact, we can never solve the problem looking to recent chart . We have to analyze the past to unlock the future.
What has been going on BTC between Dec 2017 and Mar 2020 is our important key ! how? Lets go through the analysis and find answers:
I have shown two possible wave counts for BTC on weekly chart . Both have their supporters these days. Which one is correct? We are in the world of possibilities not certainties. I myself, have my own idea about this and devoted my last publication (see related idea for details) to this subject and also I have my own reasons for that which is beyond the scope of this publication. Here, we are going to discuss these two possibilities.
Left side chart:
In this chart, BITCOIN has completed an impulsive section of a wave cycle and now is in the major correction! This analysis takes all time between Dec 2017 and Mar 2020 as a double failure flat correction . In this case, BTC may fall to 26357 or even 14765 to complete the major correction. A great chance for long term investment is waiting for smart investors at the proposed supports.
Right side chart :
In this one, some may take price moves between Dec 2017 and Dec 2018 as circled wave 2 (Primary degree), the up going move form Dec 2018 to June 2019 as smaller degree wave 1 (intermediate degree ) and finally decline form June 2019 high to Mar 2020 low as smaller degree wave 2 (Intermediate degree). In this scenario, supporters are waiting for another profitable up going wave (which is primary degree wave 5) to complete the cycle degree 5 leg up going impulsive wave.
Whats are implications ? :
It is obvious that each scenario calls for a specific actions for traders and investors. Following are implications :
Left side chart with flat correction :
First : There will be a great chance for long term investors at the end of correction at proposed supports.
Second : There may be a considerable decline from current price down to next Fibonacci levels shown on the chart.
Third: As it is correcting about 10 years impulsive wave , correction duration may be much higher than just 6 months !
Righ side chart with smaller degree wave 2 :
First : Maximum correction will be at 28283 USD corresponding to 0.618 Retracement of intermediate degree wave 3. Based on Classic Elliott , this is the last acceptable level for a wave 4 correction and it most probably will be a shadow in daily time frame touching this price. This also respects one of important Elliott wave guidelines which says larger degree wave 4s terminate at territory of smaller degree wave 4s and usually at their bottoms.
Second : Correction may be completed at 32933 corresponding to 0.5 Retracement of intermediate degree wave 3 . This level is also in territory of smaller degree wave 4.
Third: There will be a huge decline after making a new ATH which suggest a great sell opportunity .
Fourth : This is not a long term investment chance.
Is there any practical similarity between two scenarios? Yes. They both suggest 26000 - 28000 USD as strong buy zone.
My final point :
Please note both chart just show ascending complete cycles . We have some other types of cycles with descending Anti-cycle as the most dangerous one. It means BTC chart can take some other unusual forms which we skip them for now.
I will update my analysis if necessary in appropriate time.
Thanks for the following and good luck.
Breakout on the MMC chart?NYSE:MMC
Yesterday the price closed above resistance, making a new ATH.
What are your expectations for MMC? Please leave a comment.
This is what I see on the chart, please correct me if I am wrong.
- We have a purple square as support, because MMC opened higher there is a small gap.
- I see a Cup and Handle pattern that started on 30-12-21.
Cup (30-12-21/7-4-22) Handle (8-4-22/19-4-22)
- There is a big volume shelf around $171, this could also indicate possible support.
- Price closed above the highs of 8-12-21 & 28-12-21 & 8-4-22. This means a new ATH,
What I expect: Maybe a small rally from here, or anyway a pullback to the old resistance level ($170.00). I hope that the former resistance level becomes a new support level (Principle of Polarity), and then the price soars to new highs.
This is no financial advise.
What will happen?NASDAQ:AAPL
Please correct me if I made a mistake, I am just a beginner. I am only here to learn.
How I interpret this chart is:
- It looks like we are trading in a range, between the 50 Day SMMA and a volume shelf.
- looking at the SPY in the pane below, it looked like the SPY found support.
- in my opinion AAPL and the SPY move pretty synchronized, and I see that when we would rally from this support, we would complete an inverse Head and Shoulders pattern.
- with the right shoulder higher than the left shoulder, thats a good sign, right?
- what I think is positive, is that once breaking trough the volume shelf, it is only ≈5,66% till the ATH of $182,72. Unfortunately I think AAPL and the overall market will need a lot of power to pull this off.
- the last 6 days AAPL found support on the 50 Day SMMA, that level is also protected by the ‘mid line’ of the Fibonacci Levels.
I am very curious to see which way the market will choose to go….
Thank you for reading my interpretation of Apple, please leave a comment, I am very curious about your interpretation.
This is no financial advice.
$PWR ATH gotta buyI followed a whale trade of 554 NOV 160 calls, already up 30% but I think there's plenty more for PWR to run with no overhead supply at all time highs.
Blue skies gotta buy
The whale is in the trade as of today and I can see 150/160 PT especially by NOV with this relative strength and MACD
She might need to take a breather but the recent volume upticks I will add on any pullback
cheers
LUNA SOON NEW ATH???As I posted yesterday It was very good to buy luna,because it touched bottom of its demand zone on bigger timeframes.
Anyone who entered or bouhgt luna got insane profits even without any leverage .
UPDATE ON SMALLER TFs:
Luna had 2 break of structures on 1h timeframe and couldnt break resistance of 99 ema on 1d and is going back.
You can see my demand zone on chart, I think its reachable because there is imbalance to be filled and since it had multiple break of structures it should go till the zone that caused it.
You can see how i expect it to move on chart I provided
NOT FINANCIAL ADVICE, JUST MY OPINION!!!
BTCUSD Weekly Bear Flag!Looking at BTCUSD on the Weekly TF (LOG) It was apparent that LT Trend touch attempts were made by the Bears after ATH levels had been locked in.
With the current Weekly Bear Flag formed within the current Ascending Range, I am questioning whether another LT Trend retrace is in play.
Noted there is some strong Support to break and hold BUT as former ATH (20k region) has yet to be retested since it broke in DEC 2020 and LT trend has been untested since MAR 2020 I feel it is a great target if Range & Former Support is broken.
RSI is rallying off Short Term uptrend but if this breaks then the last sign of momentum support is off the 42.00 region as this has proved pivotal in years past.
If the current range holds and the Bear Flag is to fail then I am looking for another rally within Weekly Range back towards ATH and Upper Range Resistance. RSI will break above the 50.00 Midway and break its LT Downtrend.
Descision time is close IMO. What are your thoughts on the LOG Scale?
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
APE ANALYSISAPE is interestingly forming a corrective Elliot wave 2 pattern on the 4 hours timeframe.
The "d" is the next resistance target after which a retracement to "e" (support) will occur before we could see a new "ALL TIME HIGH".
You can buy around $12 - 12.25, set your stop loss at $11.82 and take profit at $13.10 - 13.4 for quick profit.
If all analysis fails, (which is very, very unlikely) then we will see a retest of the 0.78% Fibonacci retracement level around $9.4.
ADA ready for a Bullish rally✅In daily timeframe, ADA is forming an inverted head and shoulder pattern, which is a very important pattern at the END of a long descending channel. The 0.618 Fibonacci support(0.93) could be ADA's last DIP. We consider the breaking of the 4-hour timeframe resistance as an important signal for BUY. Here we have the conditions for a good trade with a high risk-to-reward ratio. After a 4-hour resistance break, there is a good opportunity to buy. Then a $1 resistance breakout could be the second important buy signal for a mid-term trade.
One Week target: 1.248 (1 fib)
6-week target: 1.594 (1.618 fib) cause VASIL hard fork.
* May decline to 1.86 (0.786 Fibonacci)!
GMT Possible move to new ATH!GMT broke out of the Bullish Pennant and started an uptrend. Here is a possible path to the new ATH.
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Please note that this is not a financial advice. Just my personal idea. Do your own research.