Bottom Entry for BTC I am entering bitcoin at its bottom .. my projection is 10k with wicks down to 7k .. Nov 21-22 leg down
Bottom
DXY near 1H bottom according to Cosmic GravityCosmic Gravity predicts that the U.S. Dollar Index will drop based on 5 bearish vs 1 bullish signal over 2 timeframes. Stop loss is set at the very bottom support of the indicator on the 1H timeframe.
12-14 Area is it bottom???This is interesting so after the drop and dipped down to 12area.
And the bulls are playing out.. I think this is the bottom.
But we will see how it plays, it has to breakout above 35 area.. to keep the bulls intact then begin the bull run.
Comments of your ideas if this is a bottom or are we going lower. I have nothing else to say.
WHERE IS THE BITCOIN BOTTOM?? IS IT ALREADY IN??So the FTX mess really destroyed the potential that crypto had to rally. The DXY broke down as we predicted hitting our third target on Friday, letting the stocks and currencies rally against the dollar.
However, crypto was left out of this rally because of the FTX mess. So where is the next opportunity??
After not holding 19600 and breaking the 18500 support that we held for over a month, BTC looks to head lower and is in the middle of nowhere.
- As long as we're below 18500- 19600 we are bearish until we reach 12200- 13000. THERE IS NOTHING IN BETWEEN, any long from here would be pure gambling and not a profitable strategy in the long run. \
WHAT TO DO?
- Hold on to your money until a trade opportunity arises, which will either be a bullish edge at around 12k or a bearish edge between 18500-19600.
Moreover,
- We have massive support as shown around 12k. We also have the PCZ of a massive bullish sark around 11.2k, where we could wick to should we head to 12k.
Tesla : Is the bottom in?It's been a while since i posted and since the last time where tesla was in a final wave 5, price has come down in a corrective way. This corrective wave, a flat with internal structure of 3-3-5, could now be over.
The question becomes if this is the end of the correction or was this the first corrective wave inside a bigger correction, in other words, are we in a bigger wave B or is price going to new highs?
#BTC - Technical' s are saying bottom#BTC - Technical' s are saying bottom
Let's ignore the world burning at for a minute and look at the pure BTC technical' s. A lot of people look to Plan B's - Stock To Flow. We look to TheBlockDoc's BTC Growth Curve. Why because it takes a combination of factors into consideration to determine this logarithmic curve (If you want to learn more then join Labs!). This is our Top/Bottom Indicator.
A couple of extremely significant signals have popped up we have now challenged the bottom percentile (This basically means BTC has spent less than 0.01% of its time in this area) occuring only once per the past 3 halvings - the other key indicator here is the Inverse Pi Cycle bottom has been trigger 126 days ago waiting for the reversal to come previously there has been a 146 day and a 260 day wait for this reversal.
What are we saying?
Based on the Growth curve we are preparing for the reversal.
Btc/usdtOur opinion for next 6 month.
BTC has tested the sloping trendline since 21 from above, clearly touching the line.
Also, there is no reaction to the news about the bankruptcy of Phtix. It is insignificant, the risks are taken into account in the price.
A small pearl is possible in the area of 15,400, 14,800 with a shadow, but this is the maximum that we expect.
we wish you all good trading
BE CAREFUL !!! BTC Might Still Go Down1. Daily Close at $15.6K with no long wick indicates overwhelming selling pressure while buying demand stays the same/diminishes
2. All Ichimoku Indicators pointing a big bearish movement on Daily, alongside 2 big bearish candlesticks (strong bearish momentum)
3. R:R of 1:2 | Entry/TP/SL; that is widely used for this indicator on Daily Time Frame, is shown above
4. All of these indicate that BTC might still have one more big move down, before a potential true bottom
5. Best scenario would be a daily close at $12K zone with a long wick to $10K zone with a big volume (possibly touching $9,8K)
The safest way to invest is still by DCAing your best coin (make sure you do an extensive research)
Trading in future market right now is very risky, only do this if you are confident in your R:R TP/SL and your analysis
All eyes on Binance and FTX/Alameda deal now (which has gone sour)
Should FTX deliver a good news/FTT go up (which is very unlikely), crypto market might recover
Should FTX be the 2nd LUNA, expect a market capitulation
THIS IS NOT A FINANCIAL ADVICE
DOW JONES BOTTOM OCTOBER 2022in 1988 one bottom have created, and in 1990 2 years later this created new dow jones new bottom on october.
in 2020 one bottom have created, and in 2022 2 years later created new dow jones bottom on ( october?????)?????.
probabily long years.
BTC Inverse Head and shoulder under formationInverse head and shoulder forming. Profit target 19.8 to 20K if the pattern is successful. Trade safe. Not a financial advice:)
XRP Possible bottom @ .33 CentsXRP it’s possible that bottom is in… I’m looking at an Inverse Head & Shoulders Pattern forming on the 15 min chart. May reach us back above the 200MA.
Gold to 1760God has a strong bottom with a price target starting at 1750 for near term probabilities.
Cable Is In A Correction Within UptrendCable made five waves up from the 1.0353 lows, which suggest that bottom is in place from Elliott wave perspective, but more upside can be seen after a corrective pullback.
We know that after every five waves market slows down for a three-wave setback that is now underway. Probably the pair is going to form an A-B-C flat correction, currently trading in wave B rally that can stop at 1.16-1.17 resistance. Ideal support for the whole correction will be at 1.08-1.06.
Trade well!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Where is the bottom?!Well, first support area is located at 19800 - 17200 Dollars but I don't think this is the bottom (because of macroeconomics situation) so it will break.
Second support area is located at 14000 - 12000 Dollars. I think it will be the real bottom of BTC.
Don't fight with the trend, if you do that you will be destroy.
Good Luck <3
BTC | Potential Adam and Eve pattern complete by EOYBTC has been ranging for a while now on the lower spectrum. Reaching up towards 22000 and down to 17000.
On the weekly timeframe there is a clear and complete 'adam' formation, with a deep bottom on red volume. Since them the 'eve' has been in the making. If the pattern can complete, a breakout to the upside is most probable.
If the second bottom fails, the pattern is invalidated.
We recommend to keep the proper position sizing and setup the stop loss.
Good luck
BTC bears will be destroyed! Don't expect lower prices. I warn all BTC bears last time. BTC has already bottomed at 17.5K on 18.06.2022 as I posted at the same day in June. Don't expect lower prices and don't miss such kind of buying opportunity.
I'm looking at weekly timeframe. If you look very carefully you will notice the same, identical green circles before falling V pattern at 0.38 fib level which happened 3 times in BTC history and marked BTC bottom.
Bellow magic indicator has crossed bullish recently which did also 3 times bellow 0 line in history and marked start of new bull run. When this indicator crosses bullish at weekly timeframe BTC bottom was already in. So don't expect lower prices.
Share bellow with your ideas, check all my analyses about BTC bottom bellow related ideas and if you like my ideas, don't forget to follow me. Thanks in advance.
$BTC #BTC #Bitcoin #Elliottwave More Likely!This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Forza looks like a Nice Fall is comingWe have seen something very similar before.
Let's see what happens with the Volume?¿?
If the volume drops like last time, it will drop back at the bottom.
STAY SAFE
GRT RSI bullish div possible bottomHello, i just bought GRT in spot, but if you want to trade it wait for confirmation when trend line breaks.
Best buying #BTC strategy at the exact bottom in a bear market.If you want to buy at the exact bottom of the bear market you need to meet these 2 criteria.
At weekly timeframe
1. Prices goes bellow KC lower band.
2. 5D RSI bellow 30 level
#BTC #bitcoin 28-30K is coming ? Magic indicator bullish cross !I'm watching weekly timeframe. People who are compare 2018-2019 bear market with the current one, I would like to tell, 2022 bear market is more similar and identical to 2015 than 2018-2019.
As you noticed in 2015 the same descending broadening wedge broke out then dump? So more likely BTC will pump to 28-30K by the end of the year and dump again but not lower than June 2022 low/17.5K/ Bcz it is the bottom of this bear market as I posted earlier in my previous analyses. BTW on the published chart you can see bullish cross of the magic indicator which happened only 3 times bellow 0 in BTC whole history and marked bull run start.
You can check my other analyses which proves BTC has already bottomed bellow on the link to related ideas.
Bitcoin gets the "all clear" from VIX and Dollar dump!So, I've been pretty clear that disinflationary data has been coming in hot and heavy, and that at some point, the fed will have to reconsider its current extremely hawkish strategy, pivot, and become more dovish. QT will become QE.
Inflation has topped.
The dollar has topped.
The VIX will drop.
The markets will pop.
For one last blowoff top.
Somebody bust that rhyme for me!
Most of the above appear to be taking place. Now we wait for the Fed to pivot and the blowoff top to come to fruition.
In the meantime, let us take a look at Bitcoin from a technical perspective. Triangles, triangles, triangles.
You will observe that after breaking out of our year-long descending wedge, the price action remained underwhelming, as it has since June. From a technical standpoint, there are two big reasons for this:
#1 - Since June (with the exception of a few weeks) we have remained rangebound between $18,700 and $22,000.
#2 - We hit a resistance trendline (BLACK descending TL) that also started in June AND formed the topside of another triangle we existed inside of since the beginning of September. Now, many traders were claiming this triangle was bearish with a probability ratio of 54/46 to the downside. Typically, this might be the case. My objection to this statistic became that this particular triangle poked through our RED resistance zone (now support) and outside of the year-long descending wedge; therefore, I was bullish this triangle instead of bearish.
Fast forward to today. BTC has, in fact, broken to the upside and the target appears to be that descending 200 day ma.
Now, if you are a follower of mine, you'll know that I entered a 5x long position at $18,300. I've adjusted my SL once to $18,500 putting me quickly in the green for this trade even with my SL triggered. I will now be moving this up again to our critical support area of $18,700. Should we remain above our 50 day ma tomorrow (RSI must also cooperate - see chart), I will move it yet again to around the $19,200 level.
Congrats to those of you who are following me in this trade!
Stew
