BTC & Crypto Market Forecast. 4 Yr Cycle Top and Elliot WavesIn this video, I've pulled up an old chart from 2022 I've had on my desktop (not my original chart) that shows potential Waves 3-5 for Bitcion and the 4 year cycle high time targets.
In my new chart, I've re-created this showing that we're ahead of schedule from the dark study, and the 4 year past cycle time targets for reaching ATH around 539 days after the halving.
But as we know, we hit ATH's this cycle already BEFORE the halving, so it's unclear how that's going to affect the next phase. It would certainly make sense, that everybody (Big money, smart money and even us dumb money retail traders) will be looking to 'go all in' early...
But also to GET OUT early.
Remember, it's a game of musical chairs.. and the music is speeding up.
For these reasons, and other global economic and political influences...
I think we could STILL see a left-translated cycle and a parabolic bull rally going into Dec of this year... Unsure if that would be THE Top, but I'd be looking for some profit taking and correction there, which most likely WILL LOOK like the top. But may not actually be.
We may still see the 4 year cycle play out, and continue to push higher until October '25 as the original study suggests (539 days post-halving).
On the one hand, some are suggesting a deflationary market bust in early 2025 for both the stock market and Bitcoin / crypto.
We'll have to wait and see.
But it does look like we're experiencing the Wave 4 pullback, and poised to beging the final Wave 5 phase of the bull-run.
What do you think?
Would appreciate any likes, comments, or compliments below. Cheer always welcome!
To the moon 🚀
Bitcoinidea
Bitcoin & some Sunday thoughtsAt this moment, I’m long Bitcoin, just like many others out there who are hoping for the next all-time high.
The dream of Bitcoin breaking its historical peak is alive, but there’s this lingering question I can’t ignore: what if it doesn’t happen?
It’s worth considering a scenario that no one really talks about — what if Bitcoin doesn't break out to new highs and instead stays in a range between $50k and $70k for the next few years?
We've seen this play out before in other markets. Take gold, for example, between 2020 and 2024. After its big run-up, it stayed in a range, teasing breakouts but taking years before finally breaking through its previous all-time high.
What If Bitcoin Enters a Prolonged Range?
The idea that Bitcoin might simply range trade between key levels for a long period is not that far-fetched. The fact that we now have Bitcoin ETFs isn't necessarily a bullish argument. After all, ETFs exist for gold too, and that didn’t prevent gold from ranging for several years.
Similarly, the argument that institutional investors are buying Bitcoin also isn’t a guarantee of a breakout. Big players have been accumulating gold for years, and yet, the price didn't explode immediately. Instead, it moved in a sideways range, frustrating long term bulls, until it was ready for a sustained move.
The Danger of Fake Breakouts
Bitcoin is notorious for its spike-like moves that give traders hope of a breakout, only to reverse in the opposite direction shortly after. It’s entirely possible that in the coming months or years, we could see multiple fake breakouts to the upside, triggering excitement that "this is it," only for Bitcoin to quickly retrace, leaving traders caught off-guard.
The same thing could happen with downward spikes that make people think the bull market is over, only for Bitcoin to bounce back into its range.
Final Thoughts
Bitcoin’s potential to enter a prolonged range, despite the ETF and institutional buying, is a real possibility. The key takeaway is that traders and investors should be prepared for both scenarios: the explosive breakout everyone hopes for, but also the chance that Bitcoin could just as easily trade sideways for years, keeping everyone guessing.
As always, the market will do what it wants, and our job as traders is to remain adaptable, keep emotions in check, and make the best decisions based on what we see, not just what we hope for.
BTC | LTF and HTF TargetsIf this zone cannot hold the price, it means that we have moved from the quick no retest rise phase to the deep retest phase.
The deep retest phase is the stage where traders who cannot catch the price during the rapid rise try long from everywhere to compensate for this.
If I try my luck here once and stopped out, I will wait for the real buyer and cheap zone below.
Bitcoin is above main Support
After breaking the resistance level of $65,000, Bitcoin is currently trading above this level, which has now become an important support level. As seen in the chart, Bitcoin is in a mid-term ascending channel, and upon hitting the resistance level of $66,400, it faced a rejection and broke below the midline of the ascending channel.
We expect Bitcoin to test the support range between $64,500 and $65,000 before starting a new upward movement.
If it rejects from this level and buying pressure increases, we will likely see a retest of the resistance range between $64,500 and $67,000.
Conversely, if the support level is lost, we could witness increased selling pressure, leading to a move towards the bottom of the ascending channel. If the bottom of the channel is broken, a candlestick shadow towards $63,700 may form.
With the opening of global banks, we expect to see the beginning of volatility in Bitcoin.
#BTC/USDT Weekend Update!#BTCUSDT: Not much is happening—just sideways price action on low volume due to the weekend. Expecting more volatility on Monday after the weekly close.
For now, OB remains untested so be ready if that gets tested, possibly $63k-$64.3k.
It will give us some good entries for scalp and swing in altcoins.
With both the monthly and weekly closes approaching, these will be crucial. We’ll need a few confirmations for the anticipated "UPtober." I’ll be sharing more details on Monday.
Alts?
Alts might be choppy for now, but I expect strong rallies next month.
Remember, dips are for buying!
Have a great weekend folks!
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
Navigating BTCUSD: A Data-Driven Approach to Bullish TradingI have a bullish outlook on BTCUSD, and here are a few key reasons supporting this view:
1. Political Changes: Recent shifts in the U.S. political scene may lead to more favorable regulations for cryptocurrencies.
2. Economic Conditions: The economy seems to be stabilizing, with inflation decreasing and growth continuing.
3. Institutional Interest: Big investors are showing renewed interest in Bitcoin, which is a positive sign for the market.
To get into long positions on BTCUSD, I’m using a strategy based on probabilities.
By using this approach, I aim to make smart, data-driven decisions in the exciting world of Bitcoin trading.
1D:
1H:
Please feel free to share your thoughts and ideas in the comments below!
Let’s learn from each other and navigate this exciting market together!
Bitcoin (BTC/USDT) 1-hour price action + trade planTechnical analysis for Bitcoin (BTC/USDT) 1-hour price action with multiple indicators and a descending triangle pattern by Blaž Fabjan
Chart Patterns
Descending Triangle: This is a classic pattern that typically suggests consolidation, and in many cases, a breakout (especially when formed in an uptrend). The triangle seems to be nearing the apex, indicating that a breakout could happen soon.
Breakout potential: Since it's forming within an overall uptrend, the triangle suggests the possibility of a continuation of the uptrend after the consolidation.
Indicators
VMC Cipher B: The VMC Cipher B shows wave-like movements indicating market momentum and divergences. It looks like the waves are approaching a positive curve, indicating a potential bullish movement if confirmed by momentum.
RSI (Relative Strength Index): The RSI is hovering around 50.49, which shows a neutral trend at the moment. No overbought or oversold conditions are present, leaving room for upward or downward movement depending on the breakout direction.
Stochastic (14, 1, 3): The stochastic shows a level of 43.32 (blue) vs 56.91 (orange), indicating a slight bearish momentum, but it could reverse if price continues consolidating and breaks upwards.
HMA+ Histogram: The histogram appears to show bearish pressure with negative values such as -55.9, though it looks like it may start to shift upwards if there's enough buying momentum.
Volume:
The volume appears lower during consolidation, which is typical before a significant move. Watch for an increase in volume as the price approaches the end of the triangle.
Support and Resistance:
Support: Around 63,800 USDT (marked by the bottom of the triangle).
Resistance: Immediate resistance appears at around 64,200 USDT, the upper trendline of the descending triangle.
Trading Plan:
Breakout Strategy:
Bullish scenario: If BTC breaks the triangle to the upside, enter a long position after confirmation (e.g., after the price breaks above 64,200 USDT with volume). Place a stop-loss slightly below the triangle's bottom at around 63,500 USDT.
Target price: A potential upward target could be around 67,000 USDT (previous high) based on the size of the triangle.
Bearish scenario: If the price breaks below the triangle’s bottom (around 63,800 USDT) with volume, a short position can be considered. In this case, place a stop-loss just above the upper trendline of the triangle (around 64,500 USDT).
Target price: A downside target would be around 62,000 USDT, depending on how strong the downward momentum is.
Risk Management:
Set a risk/reward ratio of at least 1:2, considering the uncertainty of the consolidation period.
Adjust your position size to risk no more than 1-2% of your capital on the trade.
In summary, BTC is consolidating in a descending triangle within an uptrend, and a breakout in either direction is likely. Watch for volume and confirmation before taking a position, and stick to a disciplined risk management plan.
THE $BTC CYCLE LOW MIGHT BE IN ACCORDING TO FIBONACCI!CRYPTOCAP:BTC successfully retested the Fib Golden Pocket on the monthly, which could signify the end of the retracement in Bitcoin's price before breaking the All-Time-Highs. What do you think? Do we make a new ATH from here or does BTC end up making a lower low? Everything is possible in Crypto..
More pain before we SoarHere in this chart, I have mapped out the price points to keep an eye on. I like the 53k-55k range and believe it is extremely bullish for us to stay above it but the longer we linger here... the more likely we are to break down. Down would be to 48k support which is not as strong as some may think. I am still keeping an open mind to the possibility of an event where we don't have a normal cycle that rallies into the next year post-cycle but instead a drastic dip back down to reality at 38k - this is also a worst-case scenario and possibly the disbelief phase of the cycle. Or I can always go with my gut and say that we already had a short-lived bull market these past few years.
Sep 18, 2024 Short term bitcoin analysis Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency is approacing resistance at 61400 points, which may give a negative reaction. However, a break upwards through 61400 points will be a positive signal. The currency is assessed as technically slightly negative for the short term.
Sep 17, 2024 Short term bitcoin analysis Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency is testing support at points 58000. This could give a positive reaction, but a downward breakthrough of points 58000 means a negative signal. The currency is assessed as technically neutral for the short term.
Bitcoin Breaks $60k: How Rising Global Liquidity is Fueling the Good Morning Crypto Friends and Investors,
It's an exciting time in the market—Bitcoin (BTC) is back over $60k and has successfully reclaimed the 200-day EMA. The price is following the bar pattern we discussed last time, maintaining a steady trajectory for continued upward momentum through the end of the year, especially with global liquidity levels on the rise, as illustrated in the chart below.
The global liquidity trend is visible on both daily and weekly charts, with indicators like the Hull Suite, Donchian, and the Rate of Change (ROC) all trending upward.
What Typically Happens When Global Liquidity Rises?
Historically, when global liquidity rises, it often sparks upward trends in financial markets, particularly in assets such as stocks, commodities, and real estate. Increased liquidity means more capital is available, and central banks or financial institutions may inject funds into the economy, often by lowering interest rates or implementing quantitative easing (QE).
Key Market Trends Associated with Rising Liquidity:
- Asset Price Inflation : As liquidity increases, investors typically move capital into higher-yielding assets such as stocks, cryptocurrencies, or real estate. This capital influx drives up the prices of these assets, sometimes creating asset bubbles.
- Lower Interest Rates: Central banks may lower interest rates to stimulate economic activity, making borrowing cheaper for businesses and consumers. Lower rates also make bonds and other fixed-income assets less attractive, pushing investors toward riskier assets like equities. Globally, this trend is already in motion, and it's anticipated that on September 18th, the U.S. Central Bank will follow suit with a rate cut, expected to fall between 475-525 basis points (bps).
- Weakening of Currency Value : With more money circulating, currencies can weaken, particularly during aggressive QE periods. As currency values decline, inflation may rise, reducing your purchasing power. I highly recommend reading my article, "Why You Need to Invest," or watching my corresponding YouTube video for more information. Remember, when fiat currencies lose value, hard assets like real estate, Bitcoin, and gold tend to increase in value, so it's wise to plan accordingly.
- Increased Risk Appetite: Rising liquidity and falling interest rates encourage investors to take on more risk, driving up stock market valuations at a rapid pace. If you're looking to capitalize on this risk appetite, platforms like Robinhood and ByBit offer margin accounts that allow you to borrow within your investment portfolio, increasing your exposure to both growth and potential loss. Be cautious when using margin or leverage, as global liquidity is cyclical. Eventually, QE will give way to quantitative tightening (QT), and you could risk losing your gains.
- Commodities Rally: Commodities, such as oil, precious metals, and even Bitcoin, often rise in response to increased liquidity. Investors view these as a hedge against currency devaluation and inflation. Bitcoin, with its dual role as both a commodity and a tech-like asset, tends to perform well in both risk-on and risk-off environments. In my opinion, having some Bitcoin in your portfolio is always a good strategy.
Risk Update:
I'll be honest—during the last cycle, I convinced too many people to invest in cryptocurrency and Bitcoin because I, like many others, believed in the supercycle theory and anticipated even higher prices. This time around, I’m taking a more measured approach. As long as prices and indicators support a bullish case, I’ll continue to advise my friends and followers accordingly. However, as we approach the market’s peak, I will be sharing strategies for taking profits. You can read more in my article, "A Strategic Approach to Bitcoin," (substack.com) or watch my YouTube video, “Bitcoin's Next Big Move: My Strategy Revealed!” I’ll revisit this topic when it's more immediately relevant, but for now, fear and greed indices remain borderline fearful—this is the time to buy. A few months from now, the risks will be higher, and potential gains will be smaller.
Indicator Update:
Risk Level: Zero (Bullish)
Puell Multiple: 1 (Bullish)
Mayer Multiple: 2 (Bullish)
Bollinger Bands % (BB%): 0.35 (Bullish)
Hash Ribbon: Still trending higher (Bullish)
In Summary:
Global liquidity is on the rise, rate cuts are looming, and historically, these factors lead to significant earnings potential. Don’t wait for the FOMO to set in—our indicators and projections are tracking well, and there's substantial profit to be made if you act according to your risk tolerance and financial plan. Always consult with your financial advisor before making any investment decisions, and discuss your strategy to see what aligns best with your long-term goals.
Godspeed, and good fortune.
--Complete article found here: substack.com --
For more insights, please visit my webpage at linker.ee/pcalzolaio. I look forward to sharing this journey with you all.
#FIRE #FREEDOM #BITCOIN
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.