Bottom
Why the market bottom is probably very close - USDT.D Observe the 10D (!) chart above.
1) Price is above the upper bollinger band. Candles don't often print outside bollinger bands and, if they do, the price quickly corrects inside the bands. In this case, the index should drop.
2) RSI. Look at the levels and what happened each time it hit them. Remember, this is a 10D chart (high timeframe) which means indicators print more powerful signals.
However, keep in mind: A move outside the bands calls for a continuation of the trend, not an end to it. Often, the first push of a major move will carry prices outside the bands. (such is the case with the last move)
On the other hand, a sharp move outside the bands followed by an immediate retracement of that move is a sign of exhaustion. Now, the long wicks above the last few candles printed signify that immediate retracement, in a way showing trend exhaustion.
All things considered, I find it highly unlikely USDT dominance keeps rising. Inflation is still very high (no matter those clowns at the White House or the EU parliament saying they have it under control with a 50bp raise, like that is going to undo years of money printing) and crypto is growing (not necessarily good because the market gets more emotional and irrational when the average guy/girl plays a big part, but my point is that liquidity has and will keep rising). Probability wise (looking left at the chart), it is about time USDT.D drops and crypto starts rallying again.
Bitcoin logarithmic regression bandin bitcoin logarithmic regression band, we are on the bottom, maybe we looks more drop till price 19000
Average drop precentage: 74%
duration: 276 days.
Previous R to S first level 19000
BTC - MA100 Breakdown and BottomIn this analysis I wanted to underline the importance of the weekly MA100 and how it can play an important role in finding the bottom. As you can see, Bitcoin broke down the MA100 3 times and in all cases it dropped from 45% to 54%. Again Bitcoin broke down the MA100 making a 42% drop. After a period of time (50 days to 350 days) bitcoin has returned above the MA100. Every time this event has occurred Btc has hit its bottom.
Now my questions are 2:
1) Will it continue to drop to 18-20k and score a 48% drop?
2) will it stay in a range in this area for a long time and then rise again in 2023?
This is just my idea, I'd love to know what you think in the comments.
sand | eliottwave targets |A possible bottom for sand is projected in this chart , curently sand is still in wave 4 with the target at 1.63$ , i'm thinking when bitcoin have that wave 2 pump will bring sand to his target , and when btc goes down to the 23k will bring sand at 0.70c for a possoble bottom ! cheers and have a nice day :)
Possible End To Madness In Q4?End of this misery in Q4 around October possibly. Should expect some support around the 2017 top ~19k. Buying opportunities below towards end of descending triangle. Will need to consolidate for a while.
Bitcoin bottomI think this is the bottom for btc, every single time has ended touching the 200 w after falling in a descending channel. It is just my opinion.
Tech Stocks This chart highly suggests that capitulation and peak fear is finally here.
This is the chart of SQQQ, which is the inverse derivative of QQQ, which in turn tracks the Nasdaq 100. There's virtually no way that SQQQ's price can sustain a gap up like this on a weekly time frame. The gap is extremely likely to close and the price will move back below the Ichimoku Cloud resistance by the end of the week. Those who are just now selling tech and growth stocks because of inflation are capitulating. Inflation and rate hikes have been evident in the charts for over a year, and it, therefore, makes no sense to just now be selling tech.
See my post here for why I believe this is the bottom for tech:
With this said, if SQQQ does indeed close the week above the Ichimoku Cloud resistance and EMA exp ribbon then we're looking at a market crash. Statistically, this is highly unlikely to be the case though. The NDTH is far too low for QQQ to break down and crash just now. We are in peak fear/peak inflation/peak capitulation this week. In fact, this is a super good risk-to-reward entry. One can enter TQQQ/QQQ/tech this week and stop out on Friday if support breaks at the weekly close. If support holds, you would have bought in at the absolute bottom.
If the Fed hikes rates by 75 bps on Wednesday, it's quite likely that the markets will quickly rally from this low.
Not financial advice. Anything can happen. Trends can break.
BTC: EXCLUSIVE LONG TERM UPDATE! WHEN BULL MARKET STARTS?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. In this BTC update, I'll try to clear all your doubts. This chart is purely based on fractals and previous data.
So let's start.
First Bull Cycle:- First bull cycle of BTC starts before the first BTC halving which is in 2012. After the first halving, BTC made a top of $1k in Nov. 2013 and after that, a 1 year correction period starts.
Second Bull Cycle:- Second bull cycle of BTC starts before the second halving which is in 2016. After the second halving, BTC made a top of almost $14,500 in Dec. 2018 and after that, the same 1 year correction period starts.
Third Bull Cycle:- Third bull cycle of BTC starts before the third halving which is in 2020. After the third halving, BTC made a top of almost $69k in Nov. 2021 and after the month of Nov. 2021, we saw a continuous drop in the price of BTC.
Fourth Bull Cycle:- So according to the history, this correction period till last Nov. 2022 and after that, we will see a bullish rally in the market where the top is around $2,50,000.
According to the above analysis, our first doubt (when bull market) will clear. Now the second important question is what can be the bottom of this correction?
As you see in the chart a yellow MA which is a monthly 50MA act at the bottom of every cycle. So according to this theory, the bottom of this cycle is around $21,300 but that does not mean we did not go below that we might see a wick below the 50MA and that is the best buying opportunity.
Conclusion:-
BTC bottom is around $18k-$22k
The bull market starts after Nov. 2022
Hope after reading this whole update all your doubts will clear. If still have any then you can ask in the comment section or you can also share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Bitcoin Bottom1) 200 monthly EMA support
2) Older Channel Top Line Tested and Trying To take over the highs
BTC absolute bottom for this cycleIf you closely analyse the previous cycles and project your finding, you can find out the bottom is very close for BTC.
Given that we were rejected by the weekly 50MA, we can expect to go lower and touch the 200 daily MA soon enough.
VETUSDT wants the Monthly support againThe price is creating a bear flag on 4 timeframes after the first pullback as I told you.
What's the next?
The price needs to hold the 4h support on 0.3$ after rejection on 0.5 Fibonacci level.
How to approach it?
IF the price is going to have a breakdown from the support and retest as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
$BTC RSI is beautiful right now, let's see if the same happen?$BTC RSI is beautiful right now, let's see if the same happen?
You can see at the last cycle, it broke the RSI downtrend and slowly played around for a few weeks, then back up.
To me, because this current drop is so slow, because we are so oversold, and because other major indicators are showing a sign of reversal within the next month or so, we are close to the bottom.
Of course, anything can happen, but I think that $20,000 BTC will be held and protected.
ANYTHING CAN HAPPEN
DCA your position.
2009 till 2022, bullish channel, where we bottom by DIAAlright, so we can clearly see a bullish channel since 2009. During a bear market or stock sell offs, we deviated temporarily from the trend line ;there is no support there at the moment, or maybe we go more sideways. This could mean bottom is if we break 3700, 3311 swift capitulation, then bounce to 3600.
ETH first indications of last wave (bottom soon)Hi everyone,
We are hitting a series of 4's making me believe that we are nearing a bottom provided that we make a 'soft landing' in a sort of diagonal style instead of accelereting once more.
If this is the case and if we are in a last wave down to complete our structure we need 5 smaller waves down.
The minimum target is 1370 USD per Ethereum ranging untill 1264 USD. I believe this corrective structure will complete around 1350 USD. This is where I close my final shorts just to be safe.
For people who have not entered a short at 1526 USD targeting 1375 USD is a nice trade setup with a stop loss above the previous blue iv at around 1544 USD. Keep the larger corrective structure in mind if you are entering this trade.
Stay stafe and trade carefully since the 5th wave can allways accelerate and we can still get an extension afterwards.
As Always this is no financial advice.
BTC Smackdown event 2022 Bulls vs BearsThis is how I see the rest of 2022 playing out. I see next week, last week in June hitting bottom for BTC to about 23K and then flat for a few days before aggressively bouncing as Fireworks go off! July and August will be big rally months for BTC up to 44K or 45K but then economic collapse of stocks and food shortage warnings will hit the world. This will send all stocks and crypto crashing down on or around Sept 2nd we will see this news coming out. Most of us see this anyways. Also with shortage in food, water and gas hitting hard at the start of 2024 as distribution centers report they can not keep up with demand to fill stores because they don't have the supply coming in. Nov and Dec we will see more on TV and News papers about this threat, and right after Christmas it will hit as we ring in the new year. This will be like the the great depression of 1929-39 In fact you can say it started with covid so that puts us almost 3 years in to it, and it will get very bad. The escalation of the UN and allied forces moving closer to Poland and Ukraine is also alarming as Russia basically signs it's demise and fall. So I think this will make Crypto and stocks fall faster then most think. Fear will sell, smart will buy the bottom. Because BTC has a Max number of minted coin, we know it will and has to go up. But here is another thought. What if the NATO starts trading in BTC and stops using USD. Or USD turns crypto and Fiat money is wiped out an attempt to bring the world together economically, to help isolate all communist (Russia China) . War is a booster for sure and ending the USD as the world currency by turning it crypto might keep America the world leader and secure freedom for all NATO. Just thinking outside the box because I believe it will shape how crypto gets excepted as the only funds available as FIAT is abolished. If not a lot of Country's including the US will have to pay back China, and that will never happen IMO. Good luck, stay safe, stock up for a year and never take anything anyone says as financial advice unless you are paying them to do so and never invest or trade more than you can afford to lose.
Nifty Bottom Predictor Pt 2A 50% rally from pre covid also means a minimum touching of -25% is needed before a heathy upmove
Negative July Results
June and July Rate Hikes
Will ensure we hit these,
RSI needs to be create double bottom - please check 2014-15 chart before for exact similarities
2014-15 is the best predictor of Nifty bottom of bear market Pt In part 1 you can see
1. Decresing RSI
2. Multiple Bear Rallies of 10-15%
3. Bounce offs from previous rally points
Bottom at double bottom of RSI and breaking overall trendline
2018/2019 macro bottom vs Where we are at todayBy switching to the line chart on the current price action depicts an identical formation as that of the 18/19 bottom that followed capitulation. Will it continue on the same footsteps? If so, we are a day or two away from a significant expansion. Will be fun to press play on this one later on.
HOW LOW, CAN WE GO! HOW LOW, CAN WE GO! (TOTAL2 VERSION)If I had to guess, the crypto market minus BTC still has ~10% of bleeding left to do before it hits previous support. Forgot to check but that's like a few billion at least.
Breakdown & bear retest of 200 on 3D supports this idea
Breakdown into oversold RSI on 3D indicates we may see a bounce soon - but it could also get stuck down there for a while while we continue down.
I think the admirable performance of ETH is the only thing keeping this afloat right now, and will be the only reason this *doesn't* play out, if it catches support sooner.
Anyone buying ETH around these levels will look like a genius a year or so from now...
happy trades, always ~
CD
