Blowofftop
No Fear!The market is dumping fear along with the dollar. You know what that means, right? Pump incoming.
Critical Supports are holding strong! Double bottom?SPY (and other indices) supports are holding strong traders. Dollar is dumping. Do we get a double-bottom pattern followed by a blow-off top the likes of which most investors will have never seen coming? Support must hold.
Walk to 1 Million - A possible ScenarioIf the 2015 pattern is playing out again, this is what it would look like. We could be close to the end of this correction.
XRP 2022/2023 and 2028 price points at cycle topsI am using the Modified Schiff Pitchfork to show the longer-term possibility of the XRP price. We are counting on a cycle top end of 2022/2023 and another in 2028. Taking the 68k % increase back in late 2013 or early 2014 if we apply another similar % increase for the next cycle top we could see between $400 for 2022 and $1250 for 2028 (if 2028 is the next cycle top for crypto in general).
Measured Move Coming? New ATH Possible!Chart says all. Strong similarity to structure from March rally. Down channel is an obvious bull flag formation, seven waves down.
A measured move would reach over 4800; A blow-off top?!?
Anything is possible; not sayin this will happen; saying it could. At any rate, indicators gone oversold and a clear EW impulsive downtrend appears at or near completion. This latest selloff looks a lot like late Nov 2021 selloff that culminated on 03 Dec. See my idea on possible pivot at 4330. OFC it can pop at anytime.
The last blowup moved over 470 pips in two weeks. Can do it again for no good reason. Shorting here would be fairly high risk imo.
DJI - Preparing For The Last Blow Of Top Before Big DepressionDJI is continuing to follow fractal from the "roaring twenties". While it clearly shows that we are about to experience one of the biggest financial reset, we should first get the last euphoric blow of top, sending DJI into 38-40k area. I highly doubt we will go much higher than 40k.
Be careful, don't laverage the euphoria, instead think of exiting the market as DJI starts to break into new ATH.
I am not a financial advisor so non of this should be taken as a financial advice.
DJ:DJI
XDC 2023 & 2028 possible priceusing a pitchfork along with an ascending channel. I am basing this ascending channel off of the first three points of contact at beginning of this channel along with a touch at the resistance top of ascending channel. We dipped below this ascending channel and in order for this channel to be respected, we will have to come back inside the channel. The Pitchfork is a good indicator of possible future price action. As you can see I have two price points at end of 2022 given we make contact at top of the channel $0.99 or top of Pitchfork $1.69. In 2028, which could be the next Bitcoin peak possibly over $1 million could bring the XDC price either at $346 if we respect the top of this ascending channel or a whopping $3,711 price at top of the Pitchfork.
Bitcoin 2022 peak/blowoff top based on Fib pointsto get to this possible Expanding Cycle Theory mentioned by Nicolas Merten on Datadash Youtube channel I am taking a different approach to see if this theory has any teeth to it and apparently it does if applying Fib points to it. I am using the Schiff Pitchfork and also the Fib Channel as points to give me the most number of touches on Fibs as possible. All the hand icons are pointing to touchpoints on the Fib channel which are numerous and also using the Schiff Pitchfork as a future peak for BTC. When we look at the November date for this peak we do see an intersection between the Fib channel and the Schiff Pitchfork pictured by Sun in yellow. This price is about $165,000 which is close to Nicolas"s $150k price projection. If we also look at the top of the Beam band we can see that there is a good possibility Bitcoin could hit over $300k if we visit the top of the Beam band as well.
Of course this is speculative as Bitcoin could achieve this peak into the 2023 year as well, we really don't know for sure but it is interesting to see what is possible with Fib points.
Bitcoin's Supposedly Blow Off TopThis is the real photo in scale. The chart when posting the idea made the bar patterns all skewed.
Hi everyone,
Thank you for considering reading my idea. Please note that this is just my opinion.
I think the reason why Bitcoin didn't get a blow off top (IF April was supposed to be the peak) just like what happened in 2013 and 2017 peaks is because we had a series of distribution at 64k. It is possible that retail FOMO came in batches and not in one whole batch. Obviously, this is not how it works but let's assume we connect the green boxes together, then the red boxes together. We would have a $120,000 per Bitcoin peak.
The 69K we experienced back in November 2021 could be the relief rally of that 120k peak. If we also get this peak, the bear market pattern (see related idea below) would have made more sense.
Of course, past is past and let's move on. But would you have considered this peak? What other things would have happened or would have NOT happened if we get this peak? Please leave your thoughts below!
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
The Bitcoin comfort zone - 90K within range? @tradingparrot Based on logarithmic model and 4-year halving cycle model we don't need a blow off top in the current cycle to get to 90K.
We can just literally stay in the bitcoin comfort zone logarithmic channel and chill until we get there.
Not financial advice but I kind of resonate with this idea.
I'll be publish a video on youtube tonight with all the detail of this analysis.
I'm tagging this as bullish in the context of the daily chart and with a time frame of months to a full year to allow the model to play out.
BACK TO MY ORIGINAL GAMEPLAN. MONSTER MOVE COMING FOR LITECOIN!If you've been a follower for long then you know the story of my username, and my plan to make it all back at the time.
Well, it's time to revisit that plan.
Looking at the chart above, current Price action is signalling for a confirmation of a First-Wave Extension.
First-Wave Extension is and impulse move consisting of 5 impulse waves, 3 to the upside (1, 3 & 5) and 2 corrective waves (2 & 4), of which wave 1 is always the longest, and wave 5 the shortest. Wave 3 cannot be the shortest no matter the extension.
Now, as we see from the bottom back in early 2015, price rallied up to new ath's totalling a 83,700% increase in growth before finding support at the 0.382 fib region (This is the first step of a first-wave extension).
Forming a channel in the process after two price touch points at resistance, a second touch at support was made on the 2nd retest of the .382 fib region.
Should this be indeed a first-wave extension, we would have our wave 3 target at just under the 1.618 fib resistance hence, 1.382-1.5 fib resistance should be a good measure of where price would get rejected and aligns perfectly with our channel and fractal(well almost for the fractal)
Should Bitcoin have found it's bottom as explained in my recent analysis (link below) then this should be the bottom as well for litecoin, or we risk testing the horizontal support (orange) once more and a possible wick down to the .618 area($74)
If you agree with this idea, pls leave a like and your thoughts in the comments section.
As always, feedback is appreciated.
The crash will probably start this year, but first: $5468 targetI'm predicting that we will get a correction to the september lows. After that, we will see an epic final run-up. Arround the target level of $5468, I am expecting a massive blow off-top. After that the trend is going to be nothing but down. The low of the recession will probably come to an end in 2025 (however I don't like to link prices to dates). Be carefull guys. We could be going into a recession very soon from now. If we get enough bad news, the blow-off top won't happen and the markets could fall any time from now. But I still think that we need some kind of blow-off top for a crash. The volatility index also shows that a big move is coming soon. It might be a great Idea to stay out of the markets. In my opinion we will most likely see it this year in the end of Q3/beginning Q4, but could be as early as early spring/now.
The market is looking very unhealthy and I wrote about that in november 2021. I will make an update soon. (This is not financial advice!!!) (Do your own research.)
Good luck everyone!!!
Duursma, Yuri.
BECAUSE YOU'RE SURE, ABSOLUTELY CERTAIN, YOU SHOULD SHORT NOW?!?Not saying this will happen, just that it could very easily do this before it collapses.
Indicators are overbought and suggest sell imminent, but these can fake you out, a small pullback could provoke the vertical spike.
All the gamma is gone positive and rolling up the callwall 100 pips could release the kraken on Friday 31st.
Most ultimate ATH have a parabolic blowoff peak, the sideways move for past few days could be prep for it.
Just imagine if you plunge in whole hog and buy 1K puts now, what you would look like after a move like this... be carefull!
LAST BLOWOFF the coming END of buying power Since 1982 the FED has been on full throttle with the M2 money supply . Based on Debt based system anything though of being an Asset has been inflated to which I see a major turn in our Society in this year T he year of the last bubble . I look for a major CRASH into a panic into oct 2022 basis . I do not see anything that can stop what is coming . U.S debt to GDP 127 % and As of Jan 1 2020 everyones tax due is about to soar ! based on gross income . Time to prepare is at an end
Bitcoin forming wave 2, then full parabolic move?I think we can repeat 2013/2017 bull run cycles, and forming something like this in next 3-6 months.
Leptokurtic VS Blow Off TopI don't try to take any credit for my posts because I'm honest, I let other people do the smart work.
I usually have a good sense for which Finwit account is real and which is full of ... hot air.
I've been vocal about this fintwit celeb in the past and believe his word over any other.
He stopped tweeting levels because he was gaining oracle status among his followers.
He believes we are entering a Leptokurtic phase of the stock market.
Another term he used in the past was a blow-off top.
As the fed tries to wean her kids off the overdose of liquidity in derivatives over the past 2 years.
We may see more parabolic moves up, which would result in an equal and volatile move back down.
A liquidity crisis. Blow-off top. I call it the conehead Head and Shoulders.
The more I study, the more it feels like an unstoppable train has left the station and nobody seems to be driving.
The beginning of a blow off top move for NDX?Just started publishing my charts, but here is my base case for NDX. It has been mostly trading in a log channel shown with black lines since the tail end of the .com bubble deleveraging in 2001. In fact, NDX has been in this log channel since 1986, with the exception of the blow off top move from .com bubble. NDX has broke out of the channel and back-tested the top of it on Oct. 4th. This seems to me like the start of a blow off top phase for tech. Last time the blow off top phase lasted for about 1.5 years with about a 350% gain but with an 80+% drop that followed. We'll see how overextended this one gets. Right now, it is continuing to trade in an ascending triangle pattern that I predict will breakout to the upside during this blow off top move. With the bear trap that corresponded to falling out of the triangle and then exploding back into it, I'd expect the price to go to the top of the triangle and hit somewhere around the 1.618 fib level drawn from the previous short term correction (price level ~16500).
Matic Polygon short term targetYou can very easily see the price action respecting the supports and resistances, and hence forming a symmetrical triangle pattern.
Short term target for the december/january bull run would be in the 1.681 fib. region around $4.6 to $4.8.
If you are someone looking forward to taking profits, you can do that then.
(Not a financial advice.)
Bitcoin viewTwo possible bullish scenarios
Elliot impulse wave gives BTC bullish outlook.
Then a possibility of Correction ABC or blow-off top to the 100K
We should see bullish December.
Blowoff Top Incoming: Do Not Short Yet!Chart says all. Pattern from August 2020, now making same insane run. The 1.62 Fibo extension from September correction is at 4720.
Do not short based on:
"I think the price is too high!"
"It's overbought, must come down!"
"How can it get any higher?! Already nosebleed!"
"I feel lucky!"
Short on signal; the engulfing bear candle after blowup. IF it follows overlay, gonna be Tues 9 Nov...
The retracement after top should fall to 50 DMA IMO... ~4480; then perhaps another run in December?! GLTA!
This is not advice, just another tutorial worth evry penny u paid for it!
BTC Blow Off Top?Looking at history and the old ATH we saw a similar structure forming for the Bitcoin price. A big consolidation range at the 30k area forming demand before marking up and forming a classic Wyckoff Distribution back down to that same area. Things are looking pretty similar now where we had the same consolidation at 40k forming a big demand area for Bitcoin. Looks like we might have had the buying climax for Bitcoin and are moving to stage two of the Wyckoff Distribution which is the upthrust. Now there is ofc no guarantee in any of this but I thought it would be nice to share to keep in mind.
