btc | ew analyse | called it ?so if u followed me till now , on my social media or here on tradingview , u allready know i called this "bottom " , what we need to see to confirm a bullish trend? we need this 5 waves to complete like what you see in the chart , if we do that we will have an ABC for wave 2 and blast for wave 3
Bottom
THINK about market cycles...
Year Bitcoin Price ($) Change ($) Year-over-year (%)
2022 47,743 18,351.22 62.44
2021 29,391.78 22,203.31 308.87
2020 7,188.46 3,318.99 85.77
2019 3,869.47 -9,542.97 -71.15
2018 13,412.44 12,414.75 1,244.35
2017 997.69 563.23 129.64
2016 434.46 120.54 38.40
2015 313.92 -456.51 -59.25
2014 770.44 757.13 5,690.96
2013 13.30 8.04 152.56
2012 5.27 4.97 1,655.90
2011 0.30 0.21 249.65
2010 0.09 0 0
BITCOIN is looking prepped and ready for a relief rally! Bitcoin is looking prepped and ready for a relief rally after the 0.75bps rate hike last week.
I expect a test of 200ema on the weekly, which coincides with 50ema (green) on the daily. This is where both sides of the market need the price to go in order to have a good idea of what to side to play next. Bears will be looking for rejections at these levels, and bulls will be looking for a continuation of the reversal upside.
All of the lines you can see are a mix of Fibonacci Speed Resistance fans, micro and macro trend.
Enjoy!
Crypto Market Bottom based on total market capMarkets tend to hunt liquidity and so there are often gaps that need to be filled before the market moves on.
In summer 2021 the market went back to fill the gap shown as "A". We printed many daily candles in there, exhausting selling pressure. We found a bottom and moved on.
On the way down area A is considered "exhausted" therefore the market has no interest to debate again over the same area. Bulls won, they took us to 3T, they failed to go higher and so their reign was over.
This is why our stay in area A on the way down was short-lived.
It's summer 2022 and the market has finally reached contested area "B".
Bulls and Bears will once again fight for this area.
The winner will show us the way! (If sellers are exhausted in this area, we have our the market cycle bottom)
Bottom will probably found on the 300 day MA Looking for the bottom, the 300-Day Moving Average shows that:
- we've just crossed into the lower half; the bears are in control BITSTAMP:BTCUSD
- a significant bounce upwards would be a great reversal (28 June)
- a confirmation would be crossing the MA in BULL Territory (4 July)
Hold on, it's going to be a bumpy road! =)
Greets
RACA - USDT ( why not ? )just buy total amount $200 without stoplose plan !! maybe you can rich or lose xD
this my plan for RACA , buy buy buy !!!!
Is NIFTY50 in correction or crash mode?Update on last 4 NIFTY Predictions : 4/4 Correct with precise targets.
EMA150 is very curious.
In the 4 drawdowns of bear markets, it has touched when it was a crash
It bounced off from around 25% when it was just a correction
Sep 2022 - Looks like make or break. Coincidentally US Recession is more or less confirmed that month since June quarter GDP data is out. (2 Q -ve GDP is Recession)
EMA200 and EMA100 were conclusively broken or untouched at monthly for me to make any assumptions.
⚠️⚠️ ✔️ OR ❌️ ? Is it the bottom for #bitcoin? ⚠️⚠️Building on my previous $BTC logarithmic regression chart, there has now been an almost perfect bounce off of the yellow, dotted, inversion-curve line. This coincides with daily, weekly and monthly RSI's being at extremely oversold levels with the 4hr RSI moving down into oversold territory. Personally, all my limit orders were hit perfectly so it seems I may have at least bought "A" bottom here. This abrupt price drop also has now created a broadening edge pattern, which typically will break to the upside when formed at the bottom of a downtrend. All of these confluences may just spell the final bottom price for $BTC in the short term and validate my "inversion-curve" theory. Of course this can still be invalidated by a close below the inversion-curve line. If that occurs, I would still believe an inversion could be possible, but over a much longer time period. In that scenario, my target range for a price bottom would be between $10,770 & $12,694.
#btcinversion #btcbottom
*These are my personal opinions, based on chat data. This is not financial advice.*
BTC is SPX 3X, bottom of BTC is 16.7k! WMA300 BTC = WMA 200 SPXSPX went down by 24% from top
BTC by 72% from top,
I estimate SPX go down by another 4%, this touches WMA 200, where since 2009 it found support.
This will translate to another 12% drop for Bitcoin, bringing the possible bottom at around 16.7k, which ironically also translates to 200 WMA for SPX and WMA 300 for BTC, which is also around 16.7k!
FANTOM the last chance (bottom) and the range market 📖🚀Hello 🐋
Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️
we
expect to see gain besides the range market is acceptable scenario too 📖💡🚀
and
if the price break the rang area to the upside, we will see more gain 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
POLYGON (MATIC) the last chance and the range market 📖🚀Hello 🐋
Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️
if
the price breaks the trend line to the upside, we will see more gain besides the range market is acceptable scenario too 📖💡🚀
and
if the price break the rang area to the upside, we will see more gain 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Did Bitcoin find its bottom at 20k?At times, markets go unprecedentedly low. Now is the time that Bitcoin has hit the lowest possible in about 545 days - this is a unique matter of study for future mathematical observation of the market. It can be the most potential low. If there's a breach at the 20k level, 18.3k support should hold firmly. If that level is violated, then the 15.3k must validate for a firm return in the worst-case scenario. What I truly believe is that we've found the bottom at about 20k as per algorithmic fundamentals, just awaiting for the confirmation. No rush here.
Bitcoin bottom is near IMOEvery time the 20 week SMA (Yellow Line) crossed down over the 100 week SMA (Red Line) it marketed the Bitcoin bottom within a few days. These two averages just crossed so the bottom is either in, or will be in be in soon. Also, Bitcoin has never closed a weekly candle below the 207 week SMA (Orange Line). Lastly everybody is screaming for much lower prices and as we know Bitcoin rarely does what everybody wants.
I'm still adding to may Bitcoin bags below $21K as this seems to be a historical area to do so.
Good luck!
BBS Out.
Aproaching the bottom of a major 40M nominal wave in BTCWe are moving closer to the expected bottom of 3rd harmonic (13M) of the major 40M wave.
Although we have seen some bounce, we seem to have already broken Valid Trend Line for a short 5W and 10W waves, the VTL of longer bands like 20W and 40W wave have not been broken yet. We will be looking forward to have both 20W and 40W Valid Trend Lines broken - the confirmation that the bottom of those two waves have passed.
That will let us assume that the major 13M/40M bottom is already behind.
Our target price is 11-13k USD coming 10th of August.
BTC Bubbles Bottom Below the 20 Months Moving AverageBitcoin monthly chart.
Every time BTC went in bubble territory (see RSI) it topped and it didn't find a bottom until it breached the 20 months moving average and reached a level approximately 50% below it.
I'm excluding March 2020 flash crash (the DSS also suggests that was a special occurrence)
BTC will bottom at 12k, accumulation 12k and 19k, 2025 135kIf we break 20k and flip it to resistance then we will indeed go to 12k levels, where there is big support.
This is possible from fundamental analysis
1. more rate hikes for about three quarters
2. stock market has not bottomed out, there is support coming in, though
3. borrow protocols like celsius and 3ac who needs to be liquidated
4. 4 year cycle respected
Adam and Eve inverted pattern is also very strong, don't underestimate it
Finding the bottom SPX - look back at the March 2020 bottomLooking back at the most recent, major decline in the market and it's bottom, we can see that there are a couple of major indicators that may give us a clue as to when a bottom may be near.
Without complicating things, i submit to you two things that must happen:
1. the VIX must get near or above ~50
2. there must be a bottoming out and a rise in the RSI
That's it :)
100% Bounce Rate since 2013Fun indicator - Distance from the Moving Average (100 Daily)
Price finds a way to get far overextended from moving averages before needing to dial back the momentum.
Right now, the price has deviated far away from the 100 daily Moving Average.
Every single time the distance from the MA reached this level, there was at least a 50% move upwards from that bottom.
So, a 50% price increase makes my take profit area 30k.
May the odds ever be in your favor.