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🔥 Bitcoin Pi-Cycle Bottom Indicator Signals Bear Market BottomBefore we dive deeper into the analysis I want to give a quick overview of what the pi-cycle bottom indicator is, "The indicator comprises a 471-day simple moving average (SMA) and a 150-period exponential moving average (EMA). Furthermore, the 471-day SMA is multiplied by 0.745; the outcome is pitted against the 150-day EMA to predict the underlying market's bottom." In short, the Pi-Cycle bottom indicator is similar too the Pi-Cycle top indicator, but with different values. Historically, the Pi-Cycle bottom indicator has signaled the BTC bear-market bottom within 3 days of the signal. This would mean that the BTC bottom will be in within the next three days. However, will the pi-cycle bottom indicator work again this time? There's only two previous instances of the indicator working, one can't really deduce statistical validity from an N=2. Funnily enough, people said the same thing about the Pi-Cycle top indicator last year. In hindsight, the Pi-Cycle top indicator did a great job signaling the technical top for the current BTC cycle (technical top = top based on indicators and on-chain metrics). Will this time be different? Maybe. The current macro-economic outlook is vastly different from the previous cycles. Bitcoin's correlation with the stock market has never been this high and, with inflation still on the rise and a recession looming, stocks are more likely to go down than to go up in the near-future. Unless today's CPI numbers will cause a huge 20%-30% sell-off, I don't think that BTC will bottom within the next three days. Time will tell. Nevertheless, I think that this indicator is one of the better bear-market bottom indicators. Bottoms never occur when people expect it.
INDEX:BTCUSD
by FieryTrading
11
BTC will history repeat in 2022? Breakout soon?I'm comparing the breakout of 2018 BTC bear market bottom with potential 2022 breakout)) I noticed there is the same ascending triangle pattern which had been rejected 4 times before massive breakout. As I mentioned in my previous analysis I'm bullish on BTC and more likely it will break and pump min to 24-25K, even 28K/my targets mentioned in previous analysis based on my TA. So look at them and pay attention to my other bullish ideas and thoughts)) .
BITSTAMP:BTCUSDLong
by ergal91
Pi-Cycle Bottom Will Cross Tomorrow Most LikelyThe Pi-Cycle Bottom will most likely cross tomorrow. If the indicator remains predictive, and consistent with itself, the bottom should occur within a few days of it crossing. This would imply significant downside coinciding with an important CPI/Fed meeting this week. There is precedent for the indicator crossing and BTCUSD falling -40% within the following few days. I've wavered quite a lot on the question of whether the macro bottom is in. Mostly due to Ben Cowen's credibility and views, I'm currently leaning towards the bottom not being in and significant downside still to come. The pi-cycle bottom crossing in this context may impy we will see a large downside move in the next week.
INDEX:BTCUSD
by MarkLefevre
1
BTC Playbook: Relief Rally targets and possible BottomHey all! It seems like my idea (posted 3 weeks ago) about a potential relief rally is coming to fruition (with a bit of a delay). I'll keep this analysis quick and simple by giving you all the possible resistances and where I believe the bear market bottom is. Here we go: Red lines: The red lines are all my price targets for this relief rally. I give emphasis on the 200W MA and the 50D MA area. If the price breaks the first, there's a chance we visit the second but I personally believe the probability of heading even higher (towards the 28800 area) is not as great. If you're wondering why I picked these prices go back to the bull run and you will see those where areas of consolidation during previous upside. As I said tho, for me the most important levels are those around 200W MA and 50D MA. Green lines: Green lines are all tested supports. Ironically, all those levels were hiding in plain sight. All of them are levels from November 2020 (right before we broke 2017 ATH) Those are levels you might considering buying, of course depending on the Price Action (context while visiting each level may vary, making each one a good buy or bad one. Use your brain) Yellow lines: Those are untested supports. For context I've written the dates they come from so you can check why these prices are important. There's high probability these yellow lines are the bear market bottom. If not then my eyes would target the 11800-12500 area as an extreme bear market bottom (absolute lowest price I could ever imagine is 10800 and I think it's highly unlikely we'll see it) Blue background "Zone" = Ranging zone. Not terrible buys but expect a lot of chopping Green background "Zone" = Good buying opportunity zone. Very good prices to build some spot. Potentially that's also gonna be the bottom unless we go for the extreme scenario of sub 14k. !!! INVALIDATION !!! -- My Idea for a relief rally is invalidated if we get extended price action below 20.4k or daily close below 19.2k or weekly close below 19.6k !!! Generally, I believe we have lee-way, thus, possible upside until either 13/7 when CPI comes out or 19/7 when earnings start to get published. I am expecting bad earnings to be announced starting 19/7 and on. On top of that we have FOMC meeting the 27/7 and GDP for Q2 coming out the 29/7 (which will confirm we're in a recession) So whatever you do make sure to secure profits till 13/7 max 19/7 In short, upside for up to 2 weeks, then return into the inside week range (19600-21800) and eventually towards the actual bear market bottom. This whole process might take a month or two, so, stay vigilant and be patient. Good Luck!
COINBASE:BTCUSDLong
by Athantonios
2
ZM Bottom BuildingThis young company benefited greatly from the pandemic but like all of the some 100+ companies that had huge revenues in 2020 - 2021, it was not sustainable due to the artificial inflation of stock prices via stimulus checks. Since the stimulus was a manipulation of the monetary system and the financial markets, there is no way any firm could manage the situation. So the stock plummeted due to lower revenues and earnings. Now, it is definitely building a bottom. It is not complete, and I always advise waiting for completion of a bottom because it is emotionally draining for most investors or position traders to watch the stock fall further and wait for it to recover and move up higher thereafter. It takes a lot of discipline and confidence to hold in a final run down in a bear market. So avoid the risk and wait for a completion of the bottom.
NASDAQ:ZMLong
by MarthaStokesCMT-TechniTrader
Make it or break it for Bitcoin? Make it or break it? Bitcoin will close the weekly candle within two hours. Closing the week below the 0.618 Fib ($ 20.200,-) is not convincing and shows in my opinion weakness for maintaining these price levels. Even $14k is then a possibility; it's the 0.786 Fibonacci retracement level. An hour ago, Bitcoin made its first attempt to break the 20k level. Volume is pretty low, though, so that doesn't look good for the bulls. I expect quite a bit of volatility over the next two hours. Regardless of the low volume, I am still confident that the 0.618 fib is the bottom and a trend reversal is about to occur. It's time for the bulls to roar; my target is $126.000,-. It is the 1.382 Fibonacci extension. Time will tell if we'll see $14k first, though.
BITSTAMP:BTCUSD
by joerivdpol
1
Bitcoin and alts in large ascending triangleBitcoin and some alts are in an ascending triangle pattern. If this happened during a macro uptrend one would place an 80-90% chance on this scenario playing out. Since the markets are in extreme fear and Bitcoin could easily dump again, I would put it at closer to 60%. You never know, but these do more often than not break to the upside and if it does, the target in this case (SOL) is $58-$66. Current Solana price? $33. BTC target would be $25.5-26k from current $19k FTX:SOLUSD
BINANCE:SOLUSDLong
by notfadeavvay
Could ETH Be Nearing a Bottom with "Blood in the Streets"?ETH could be nearing a bottom. The selling has been brutal. ETH has sliced through its 200 SMA on higher time frames, i.e., the weekly chart. In the coming days or weeks, if COINBASE:ETHUSD hits 875 approximately where the orange circle appears on the chart, the second leg of the decline will be proportional and 100% of the first leg of the decline in dollar terms. This is a multi-month trade idea, attempting to catch a multi-month trading low in ETH. The target is shown above at 2869 , a 50% retracement of the entire decline from the November 2021 high at 4867. This is a multi-month idea. However, do not try to catch a falling knife without a stop. A tight stop should be used to keep risk / reward acceptable and prudent. A stop could be placed at 800, or at -10%, or wherever a person's risk tolerance is. If ETH closes below 750 where substantial support seems to lie, this trade is invalid , and the point of invalidity has been reached. This is where discipline is key for traders—knowing when to cut losses short is vital to survive. (Long-term investors who don't mind holding with a 50% loss maybe have a different approach, with fundamental crypto arguments to support their investment.) Do your own due diligence, risk of loss is high with crypto, so understand the risks in light of your personal situation. And read the disclaimer below please.
COINBASE:ETHUSD
by SquishTrade
1
Bitcoin capitulation 2022Since we are experiencing many market factors like high inflation and recession fears along with Fed rate hikes for 2022 and also the overwhelming defi platforms going insolvent this year the price of Bitcoin may not be at its bottom point yet. This is actually my first ever bear chart analyses for the next 6 months. It is apparent that the expanding cycle theory may no longer have an effect for this year. Unfortunately, we are faced with too many negatives for the 2022 bull peak for Bitcoin. Now we have to sit tight and see when we will come out of this bearish zone and then start thinking about the next bull. We broke the 2017 Bitcoin high of $19800 when we pierced down to the $17K level. The estimated bottom for Bitocin in this bear could go as low as $10k according to Garreth Soloway, a well known and highly respected charting expert.
BNC:BLXShort
by altcoinb
1
1INCHUSDT is testing the resistancesThe price bounced on the weekly support on 0.54$ and after the it created a nice bullish impulse until the 4h resistance and daily dynamic resistance. The price needs to create a new breakout from here in order to retest the daily resistance on 0.9$. How to approach it? IF the price is going to flip the current resistance and retest as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2