The 5 Move Figure making x80 profits on Bitcoin!Hey guys, just made another research on the fractals of Bitcoin, and here is what I've found.
This chart represents similar price action look from 2013 price action approx from $2.00 to $160.00+ (x80)
This move was made from 5 phases, where
Phase 1 - crash pattern
Phase 2 - rebound pattern
Phase 3 - consolidation
Phase 4 - recovery
Phase 5 - growth
2013 chart with all phases:
It is amazing how it looks compared to now! it is almost 100% same look and price action setups. Check it out
What is interesting is after 5-th phase, it comes into big dip (correction) with -60% drawdown. Then price pumped x5. Seems like it would be nice opportunity if price action during 2021/22 will repeat all this process in same manner. Hoping for best here!
Remember this is not trading setup, this chart is only a refference for Possbile market look.
Check my other Trading ideas for btc:
Thanks for attention,
Best regards
Artem Shevelev
BLX
BTC market update 3.16.21RSI needs to hold trend line otherwise we will need to test the 50 at least, but i'm looking at the 40's if we want to continue our upwards trend. Anything below will signify a market reversal and we this run may be over for the mid-term. In terms of price i'm looking for a liquidation candle so aim for the most recent low in market structure which puts under right under 40k. If aggressive sell off then we can see 35k. If RSI breaks the upper diagonal then we the sky is our target. Can't really say where exactly. It's hard to ignore the bearish divergences here, BUT we could be consolidating upwards. It's a thing these days.
BTC/USDT (20D MA Acted Support?)💎Technical Analysis Summary💎
BTC/USDT
-53k dollar area is a confirmed daily support
-As the price bounces up with the confluence of the 20D MA
-BTC touches the 60k dollar again but facing small rejection
-If the daily candle can close above 59k level
-I think BTC may retest above 60k dollars again or see a new ATH
-Yes, we know there is a daily wide RSI divergence
-But as long as the uptrend structure is valid
-It is safe to ignore this type of bearish signal
-Like the old saying, the trend is your friend until the end :)
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BTC/USDT (53k Dollars Good Support?)💎Technical Analysis Summary💎
BTC/USDT
-After hitting a new all-time high price above 61k dollars
-We saw a retracement of -14% immediately filling up the small CME gap
-This pullback is also accompanied by bad news regarding Defi coins
-Now, going back to the chart, the overall market structure is still valid
-The priority remains to the upside since we are in a strong bull market
-On this 12H time frame, the previous local resistance is being tested
-Currently, BTC is holding it as support temporarily with multiple confluence
-If and only if, this area will maintain for the next 1-2 days
-I think the probabilities to retest the recent high will increase
-The BTC Dominance chart saw a pullback as well, giving the altcoins space a breather
-There are many altcoins area ready to move up again and holding their daily support
-We will have another good altcoin rally provided BTC will not retrace further down
-As always, plan your next trade and have an exit strategy if your analysis is wrong
-Have a nice day everyone, keep safe!
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$112k Cycle Peak, $214k Cycle Top Possible Scenario For $BTC.
What we have is a weekly chart, with a log growth curve which illustrates how bitcoin has grown logarithmically over the years, and helps to spot potential future market peaks.
I've combined this with a couple trend lines to give us potential scenarios.
One being, we top out around May this year at 112,000$ or slightly higher.
We then correct down to the second trendline, if I had to guess, would be $62,000, then a continuation on to $214,000+ By October 2022. It may happen sooner. It may not happen at all before the next halving cycle. All we have is data, charting tools, and the power of crowds with our Technical Analysis.
If lots of other analysts are seeing similar patterns, it's more likely to become a self-fulfilling prophecy.
BTC/USDT (60k New All Time High)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin finally broke into new All-Time high price today
-The Bulls won the game after reaching above the 60k dollars
-If and only the buyers can hold around 58k dollars for the next few days
-The potential next target is 62k or up to 67k dollars
-We are using Fib extension to find our potential resistance or sell areas
-Once again, congrats on the Bitcoin holders!
-The altcoins are also doing a good job today and I'd expect more to come
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BTC top in for the near term? $31k first, then $9kThink we've topped for the near term. Sentiment at extremes. Ugly 2W candle.
I think we go down first before up to shake out all the late longs who think they're geniuses for buying at $20-30k. Price should gravitate towards the gray boxes within that time frame.
We'll have to see how it plays out. Idea invalidated on a break of $58.4k
BTC/USDT (Breakout or Down?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin in the short term is currently respecting the 20MA in the 4H timeframe
-The price bounce back up after few minutes of trading
-Currently, it is testing its recent All-time high price of around 58k dollars
-Can we see Bitcoin reach new price discovery? or form a double top reversal?
-This is a battle between Bulls and Bears within 24-48 hours
-For me, as long as the fast-moving average 20 is holding, I'm leaning towards the bull
-Unless we close and rejected by the 20MA, then my bias will shift to the downside
-Please plan your next trade and always follow your trading rules
-We will see a breakout soon, watch the market carefully
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BTC almost at the top. To 80000 and downWe are very close to the top of the 10 years BTC parabolic channel which was never broken. The upper line now stands at ~80000 USD/BTC. If we get to it later - it would be higher, but not significantly. If we would break the top - there would be completely new reality. But this channel stood COVID panic in march 2020. I think it will stand once again.
BTC/USDT (Potential New All-Time High?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is doing a great job today as the price is a few inches away from the new ATH
-If the recent high can be broken and acceptance above 58k dollars
-I think we can go even higher since there is no longer resistance ahead
-We will be using a Fib extension to determine the potential profit-taking zone
-The price can hit from 60k up to 68k zone in the coming days
-We are following the trend as long as it is giving us a signal to go higher
-The priority remains to the upside, if you missed the boat, wait for a proper pullback
-Please do not FOMO in without a trading plan especially if you do not follow correct risk management
-The altcoin space is doing fantastic today, and most of my trades are in profit already
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BTC/USDT (Bullish Short-term Pattern)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin did a good job breaking upward its local resistance
-The bullish reversal H&S pattern is confirmed
-We have two potential good scenarios today
-1st to go straight and retest the ATH price level
-Or a pullback to retest previous resistance to become new support
-If we are following the major trend, we will always look for Buying oppurtunity
-In this case, priority is back to the bulls
-Unless we break below the 200MA in the 4H time frame
-Then, we will look for the bearish scenarios
-The Altcoins space are doing great these past few days
-And I think they will perform well in terms of the reward to reward ratio
-But please, don't forget to use a stop loss and protect your profit ASAP
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Bitcoin Indicator Analysis BLXAn idea using more indicators than usual
Patterns within TSI can be identified, assume that the 2017 parabola repeats (green circle on TSI)
Rounded top can be seen to produce consistent results throughout the history of BTC
My gut tells me that another 2017 parabolic wont occur again, and the different in structures on these indicators will account for that
I still believe Ethereum has a lot more potential for long term returns than BTC, and ill keep believing that until it eventuates.
Above is an analysis of the 2018 Bear Market for BTC
BTC/USDT (Good Sign of Strength?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is showing signs of strength today
-As the price respected the 9MA in the daily chart
-It also confirmed support of around 48k dollars
-If we want to see a more Bullish scenario
-BTC has to break above the trendline resistance
-And hold for a few days to invalidate the potential fake out
-We still have few hours left before this candle closes
-The weekly candle will potential show a good sign
-To invalidate the previous bearish engulfing weekly candle
-I think we will have more sideways trading action this week
-This will give a good oppurtunity for the Altcoins
-Stay healthy and always plan your next trade setup
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BTC/USDT (New Daily Resistance Line?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is rejected around 52k dollars area only hitting my 1st target
-The price now pulling back to its previous support range
-This is not good in terms of bullish price action
-Because this test the Bulls if they can still maintain in good shape
-A candle body break below 43k will confirm a daily Lower High at 52k dollars
-And likely to test the 40k psychological support level
-If I want to see strength, BTC must hold its current price level
-For the next 3-4 days with green candles
-And retest the trendline resistance again for a potential upside breakout
-I can't confirm this will play out but we will have a new analysis every day
-We always trade what we see not what we feel
-So please be prepared for both scenarios
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BTC/USDT (The Bulls Are Back?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin reaches my 1st target area from my last published idea
-If and only if BTC can hold above 47.5k dollars
-We will have our next target of around 55k dollars in the next few days
-The bulls are in control for the time being
-The daily must close above 50k dollars to gain momentum back
-For now, the market is safe and I think the Altcoins will try to catch up
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Playing with some cool indicators BLXTarget using this indicator is around 130K
Indicator is called "Top Cap" and "Average Cap"
Plotted the bear runs and bull runs also
It can be seen that the recent bear market was the longest for BTC
Hopefully inversely the new bull run (x) is the longest also
A previous analysis of mine using these indicators
BTC/USDT (Short-term Downtrend Completed?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin bounces strongly at 200MA in the 4H time frame
-Confirming this Bullish descending channel
-If the Bulls can close the daily candle in green
-The chances to test the 53k dollars area increases
-The correction might be over and start a new trend?
-We will have to see how the price reacts above the 50k level
-For now, we are safe and waiting for the Altcoins to catch up
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Trading Involves High Risk ⚠️
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Please Exercise Risk Management 💱
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