This chart tried to reflect the uncanny similarities between Bitcoin's previous cycles and will try to use that information to "predict" next market cycle top in terms of price and time. The price is derived using Log FIB extension 1.618 and is the minimum Bitcoin has to hit. Although Bitcoin has gone way above this extension in the past, I am going to keep...
In my last TA post, I talked about the possibility of Bitcoin heading back to the $35-36 range before the halving, and I still don't think I am wrong about that. Let's take a look at why... Bitcoin is really hitting some resistance at the current range. When I look at other cryptos like Ethereum, it's much of the same. This pattern looks to me like a bull trap....
Doing some cycle analysis today and looking at the bigger trends. One thing I have been noticing is the correlation that Bitcoin has with last cycle's action. To me, Bitcoin is on track with last cycle, sometimes you just have to zoom out to see it. Too many times in crypto, people focus too heavily on the lower term time frames, trying to catch profit swings,...
Just another update to my long term chart. Add Pi indicator and clearer trends on the DXY. Because of the way the DXY has been behaving, it has me thinking were not repeating the last cycle, but the one prior. We still haven't had that peak in the RSI that was also present on both previous cycles, so yeah.. I dunno make of this as you will. When things start...
This idea is from an experimental historic indicator I'm working on which uses market price history to display a new type of crypto ribbon. Found some interesting patterns that I thought a few investors may find interesting. 2021 Market Cycle Pattern 2017 Market Cycle Pattern 2013 Market Cycle Pattern 2011 Market Cycle Pattern Cheers!
BINANCE:BTCUSDT This is my market mood indicator. Accurate determine the bottoms and top of cycles. Based on this analysis on BLX chart and Monthly timeframe we can find something interesting - Marked Monthly green zones. - We never seen white color disbeliefe zones. - Previews 3 times when we saw BLUE color it was a bottom (I was impressed how accurate it...
Next Big Cycle till December 2024 Target 1: 150k$ Target 2: 250k$ 1 year great buying opportunity --> DCA I wish much fun for the next 1.5 years and enjoy the ride :) Be patient!
BINANCE:BTCSTUSDT Channels on chart its a key. If we a looking on local 4H situation we can see we are trade in 2 channels. On MACD we start forming like usual 3 bottoms divergence (maid going up, price on chart going down) Downtrend white channel first support 12 October at 53900 top of this channel 10 November 69000 now we going down and found second touch...
Longer term analysis of current market cycle position. Some of the data as to why certain points are used can be found in ideas (see related idea below for more info). Bulls would probably feel short changed with the current state of the bitcoin "top" - should this current position be the top. I personally am optimistic of price action however feel Bulls should...
August Capitulation: Fractal taken from prior capitulation in March 2020, lines up with the Gann speed fan & prior all-time-high Capitulation > Cycle Top: The time between the two would be 12 months exactly which is necessary to qualify for long-term capital gains tax in the US Elliot Wave Theory: Remains validated Fibanocci Indicators: Circles, extensions &...
August Capitulation: fractal taken from previous capitulation in March 2020, lines up with the Gann speed fan & prior all-time-high Capitulation > Cycle Top: the time between the two would be 12 months exactly Elliot Wave Theory: validated Fibanocci Indicators: parallel channels, extensions & circles all bring confluence to this exact date & price
Cycle top has always been at the 2.414 FIB-level both previous cycles. We also had corrections to the 1.272 FIB-level both previous cycles. Nothing to worry about. I'm really bullish long term!
~11 months after the past two halvings, BTC experienced a 38% drop. Both times this drop lasted around a month +/- a few days. Now we have experienced a recent drop in this bull cycle. Again it was ~11 months after the halving. We are yet to retrace 38%, but if we do that puts us at a major demand zone at 38-40k which preceded the impulse to 60k. Seems a little...
Previous equence 5-7-5-1 and projected sequence 7-5//5-1 Currently in a downtrend but will make new higher soon after...
Bitcoin Cash needed to defend $668.5 support to avoid a breakdown from its 20-SMA. Meanwhile, Bitcoin was trading at $60,217 with a market capitalization of over 1.1 trillion. Bitcoin Cash needed to hold on to $668.5 support over the coming sessions to avoid a breakdown from its 20-SMA (red). Additional support areas lay at $629.6 and at $600 and these levels...
How long this Bitcoin Bull-run will keep on going for? Couple of days, weeks, months? How high will Bitcoin reach on this Bull-run? 60k, 95k, 140k? Well, this is a chart with some good data for the Brain. Put the emotions on the side and try to answer the questions above! And ya, I do not know.. Just good to look at the MACRO levels in such a market and...
Bitcoin had one of its most phenomenal years in 2017 when the coin reached $19,500 for the first time. It took BTC three years to reach that price level once again. A good number of people are now wondering if this will play out similarly to 2017. However, based on the data, we will head significantly higher this year! YTD Growth In 2017 we experienced an...
Hello to all The possible cycle of the Bitcoin price trend . We are approaching the bitcoin reform threshold.