BTC Wall Street Cheat Sheet - Completely for funI'm a Bitcoin bull but I decided to take a look at the bear side and see if I could apply the Wall Street Cheat sheet to Bitcoin.
It's hard to fit it but if the bears want to make the case that the top is in, this is one extreme scenario. It won't be popular.
Do not get excited or mad at the chart. I put it together in a short amount of time as a fun chart.
Bottom
Bitcoin TA bottom in 2023If you draw a trendline between two cycle top whats next too each other and clone it to the cycle bottom that line will cross with the next cycle TA bottom. Fact thats line currently 25% under the bitcoin price and some banks and hedge founders predict to 2023 a 25-20% crypto and stock market crash.
PIDILITE INDIA, ANALYSIS!!a monopoly stock, with great returns in a year, is the greatest thing to have.
a detailed analysis is written down:
firstly , the red trend, is the original trend past corona crash.
now since the markets had become bullish post corona crash, it has formed a new trend, and that is drawn by dark black line. the red line resistance, has now become support of stock.
after the rally, markets were consolidated, and the stock was moving sideways. then came the june- sept rally 2022, since then markets got consolidated, and became volatile.
since then from 3 months, stock is forming a good traingle pattern, there could be a breakout.
moving to next point,
since the stock is bottom of its trend, this makes sure that is in its support zone, a good pullback was show today.
RSI ANALYSIS: average time of stock's rsi moving is from 50-70. currently the stocks rsi is 50, this says that unless there is a bear market for pidilite, the stock is bottom off. this again shows a bull move, coming.
i predict that, if volume not supporting the price, and if INDIA'S bear market for shorter term, continues, stock could fall further, but since the stock has been mostly bottomed out then if stock started showing a positive move, then one can take some swing positions, and may exit around 2800. if it breaches the 2600 support of traingle formation, then i see downside till the 2500.
i hope that stock would move about 7% upward.
This indicator could say that we hit the bottomLooking at the Anchored VWAP Indicator (Volume Weighted Average Price)
Each time using the previous cycle bottom from the last cycle. (2015 and 2018)
It could represent something significant, return to the average, meaning the bull and bear cycles are done, and the long term trend continues, unless we enter a long term perma bear trend territory ofcourse, but if nothing fundamental has changed with crypto, I don't know yet why the long term trend would reverse, fear will turn to greed eventually.
BTC Breaks Downward Resistance from ATHIf we view the all time chart on three separate time frames - Monthly, Daily, 4H, we can see that we have broken ATH all the way up to the 3D chart. Weekly and Monthly confirmations coming soon I suspect. To expect Bitcoin to drop further below from this channel into the "Birth Channel", we could see it in 13k's. This channel has only existed in a period once prior, however - before institutional capital started flowing into Bitcoin. To see BTC price go yet even lower than the "Birth Channel" is to expect Bitcoin to drop to a price channel where the only people using it were supernerds, stoners, and their dealers.
You tell me if that is reasonable or not. In my humble opinion: bottom is in, yall.
This is not financial advice.
HNT Helium is at the bottom.If it holds here, it may signal the end of the bearish move for this coin.
Hard pumping would be shown in a stable market.
-Right time for holders
-Low risk to scalp
$BTC Micro and Macro TargetsAll details are mentioned in the chart.
If you have any questions, please feel free to ask. Btw, I'll buy alts, not $BTC (it's for multi-millionaires). Alts like $Dot at $3-4, $Avax at $9-11. DCA
I'll invest in 4 strategies:
(i) 3-5 Blue-chips --> 80% portfolio
(ii) Fundamentally strong low MC --> 10-15% portfolio
(iii) Lower MC with strong community --> 2.5-10% portfolio
(iv) NFTs, ICO, others --> 2.5-5% portfolio
BTC MARKET UPDATEThe bears couldn't push the price below 16800 Support. The price bounced from the 16800 support due to the massive BUY ORDER BLOCK and moved above the 17000 key level. If we notice the daily timeframe then the price is under the consolidation box for a long time, any movement outside this box with a strong confirmation will be massive (whether upside or downside) Trade Carefully and Stay Tuned!
CARVANA to 0 will be a big indicator! (Bottom)ENG:
- Carvana is a used car dealership that operates like a unicorn. (they don't make money, they operate on loses).
- Sadly, Carvana is NOT a tech company that can generate additional revenues in any other way other than: SELLING CARS.
- Used car sales for the past 2 years went crazy towards the upside, and are now crashing fast.
- Most car loans generated in these last 18 to 24 months are underwater by quite an insane margin.
- The Car Repo Business has acquired long term properties, to not drop all inventory into the market at once, and kinda stabilizing prices.
- High interest rates make it impossible for average people to buy new or old cars at the moment and for the next year or so based on what the Fed says.
THESIS: Carvana shouldn't exist. They took advantage of being funded like a technology company, when their business model never evolved further than any other conventional car sales company.
Carvana is ONE OF MANY companies that shouldn't exists in this market. Until we see these companies go bust and what the consequences to the investment firms that poured money into them are, we can't call it a bottom.
-----------
- Carvana es una concesionaria de autos usados que opera como un unicornio. (no ganan dinero, operan con pérdidas).
- Lamentablemente, Carvana NO es una empresa de tecnología que pueda generar ingresos adicionales de otra forma que no sea: VENDER AUTOS.
- Las ventas de autos usados durante los últimos 2 años se volvieron locas hacia arriba y ahora se están desplomando rápidamente.
- La mayoría de los préstamos para automóviles generados en estos últimos 18 a 24 meses están bajo el agua por un margen bastante gordo.
- El negocio de reposesion de autos, ha adquirido propiedades a largo plazo, para no dejar caer todo el inventario en el mercado a la vez y asi estabilizar un poco los precios.
- Las altas tasas de interés hacen que sea imposible para la gente promedio comprar autos nuevos o viejos en este momento y durante el próximo año, según lo que dice la Reserva Federal.
TESIS: Carvana no debería existir. Aprovecharon que se financiaban como una empresa de tecnología, cuando su modelo de negocio nunca evolucionó más que cualquier otra empresa de venta de automóviles convencional.
Carvana es UNA DE LAS MUCHAS empresas que no deberían existir en este mercado. Hasta que veamos que estas empresas quiebran y cuáles son las consecuencias para las empresas de inversión que invirtieron dinero en ellas, no podemos llamarlo fondo.
BTC Break downOn the 2 weed LOG chart you can see how the pattern falls over, Its getting to the point where it breaks down according to the 4 year :\"bare bottom" cycle
On some major trend lines it has already broken down but you cant see it on the daily chart.
Channel pattern below represents the price structure on how it normally flows.
Bitcoin head and shoulders Are we seeing a possible head and shoulders forming here on the 4-hour chart for Bitcoin? This would coincide with the $9500 target and possibly a slightly lower price into the $8900 level for Bitcoin. This price action would actually bring us into this Gareth Soloway yellow trendline.
Has Bitcoin bottomed yet? December 2022 is where the decider,14KIn my opinion the bears are still in control. A break above 20K could be a sign that the market is preparing for a reversal back up. On the flip side a drop below the 15K low is very likely in December, only time will tell. This is my analysis. It may look a little bit chaotic but it's realistic.😎
Diamond bottom breakout in XHBDiamond bottoms are a strong indicator. I believe there is a high probability of the breakout from this diamond will lead to its target around $76. As it gets closer, I think trailing stop losses on stocks would be a good strategy considering inflation continuing and monetary policy temporarily easing. More tightening will likely be necessary as a result of inflation continuing to be a problem.
KDA capitulation bottom 2022-2023Could the $0.30 cent plus range be the absolute capitulation scenario for KDA? The blu line is the absolute recorded low for KDA. We may pay this price a visit depending on the capitulation event with Bitcoin bottoming out at or below $9500. We could follow this descending channel if price points are correct. The other horizontal lines are Fibonacci lines that could come into play. I would think that crypto is getting closer to a bottom than we think. I have used a bars pattern as a fractal as visual.
Fly BTC! My body is ready!I excluded a lot of details on this BTC chart to get back to basics and drew only long-term trendline.
There are a lot of other signs of BTC bottoming or very close:
1. BULL DIV RSI
2. BULL DIVS MACD
3. FEAR INDEX - EXTREME FEAR LAST WEEK
4. WHOLE MARKET UBER BEARSIH
5. PITCHFORK 2 EXTENSION SUPPORT
6. BTC CREATED A HIGHER HIGH ON A SMALLER TIME FRAMES.
7. DAILY ICHIMOKU ABOVE THE CLOUD
8. ...
Bitcoin bottom prediction: $8,100Bitcoin`s 40% correction will be complete in roughly 9 months. We should see a bottom around 8K if it hasn`t already bottomed out based on this trendline. Great opportunity for shorts.
None of this should be considered as financial advice, ultimately DCA is the best approach after a major red candle.
SPDR Bottom Support bendImportant:
****** With INTRS symbol added to compare and find points of bottoming, please enable AUTO and % to the chart) ********
I added the Interest rate line to check how long will it take to the market to start climbing out from bottom Pivot (once reached there), while comparing it to other yearly crises
When Interest rate gets to the highest point during a down trend period (Bear market), it will stay there for quite a while (about 3-5 months) before the fed starts decreasing interest rates again
2000 Dot-Com Crisis
Interest rates peaked at 6.5%
5/2000-12/2000 7 months interest rate stayed at peak
8/2000 Market peaked at 152
9/2002 - Market hit bottom (Pivot)
5/2000- 9/2002 From first time market hit highest Interest rate till bear market bottomed
8/2000 - 6/2007 Market took almost 7 years to go back to highest peak from 2000
2008 house market crisis
Interest rates peaked at 5.25%
6/2006-8/2007 (1 year and 2 months stayed at peak)
10/2007 Market peaked at 154 (***** ONLY 2 POINTS HIGHER THAN 2000 PEAK ******)
2/2009 Market hit bottom (Pivot)
6/2006- 2/2009 From first time market hit highest Interest rate till bear market bottomed
10/2007-03/2013 Market took 5.5 years to go back to highest peak from 2007
Why I took a 2x Trade on $ETH to 1450When all your signals line up in a systematic quant world, you take the trade as the statistics tell you to on ETH/USD $ETH. We have a few beautiful bottom signals that confirmed last week, with FloFi X, and Flux both firing quick bottoms that sometimes will act as springs to the nearest resistance/liquidity level. Willing to lose 16% on this trade based on the past results, with a 60% upside. Onward and Upward!