Bottom is in! Bitcoin hitting 50k in April 2023If we look in the previous bull run, there are few main points:
After the breakout of the falling price and weekly RSI resistance, it took BTC approximately 160 days to make a second peak at 0.618 fibo level
Such a movement would take us to about 50k at around April 2023
There are actually many similarities - mainly the big channel that the btc stays in the whole time, breaking out only around halving
Also, in the previous run, breakout of the falling price and RSI weekly resistance accured at the same time, same as now
Bottomisin
Bitcoin BTC Possible Bullish Triangle Bitcoin BTC Crypto is forming a possible bullish triangle with a +9% increase. We have broken out of the July 2021 triangle indicating the bottom at $17,600. We should be starting to stabilize above $17,600 over the next month. We are now in the Psychology of a Market Cycle called "Disbelief". This will be confirmed over the next month now.
92% Up Day for S&P 500 The S&P 500 posted a 92% up day on Friday the 4th day with at least 90% advancing volume since the June low.
Everyone loves to be a bear, but I continue to believe the lows are in. Inflation has peaked and the Fed is being aggressive to ensure that remains the case. Everything else is already priced in.
We also held the 3900 level which was crucial. This is where stock broke out from in July to confirm the end of the bear market, and that level held on the retest earlier this month.
I'm a buyer.
Volume Flow Potential Bottom IndicatorIs Volume Flow indicating $17.8 is the bottom? I was looking at different indicators today and found something very interesting on a volume flow indicator...
It shows the negative volume dipping sharply since the recent bottom at 17.8k, and conversely positive volume has been rising. They may intersect very soon. I got curious and looked at what happened in 2018 on the Volume Flow indicator and you can see a very similar scenario played out. The lines crossed over a little bit after the market bottom was in... This makes sense as people take a little while to be confident that the bottom is actually in. And again, we are about to see these two lines potentially cross. What's also interesting is that the length of time from the actual bottom and when the volume flow lines crossed, is about the same length of time between our recent bottom, and the projected date of the lines crossing.
Make of it what you will, this is a highly speculative idea. I just find this potentially compelling for a bull perspective. Of course the lines haven't actually crossed yet but it appears they likely will.
BTC 33K SHAKEOUT BEFORE BULL-RUN 2.0I have mentioned in my earlier posts that we are in huge rising channel on the weekly timeframe.
On the weekly we are looking bullish, however on the shorter timeframes i see some bearishness.
On the daily BTC has printed a bearish engulfing candel which tells me that retest of the bottom of the channel is most likely to happen.
But that makes me even more bullish because RSI is most likely going to make bullish divergence which will bring us bull run 2.0
What do you think about my opinion?
If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
Btc to the moonAs I mentioned Yesterday in my Post we are in the rising channel on the weekly Timeframe,However on daily we are in Falling wedge like last year witch i am expecting to breakout to the upside.
Volume is declining and as we go sideways i am expecting big volume spike witch will bring as to the ATH very fast.
Another indication that we are going to pump above 100k this year is that we retested Falling wedge on the Rsi. We are now at the very low levels witch is the purpose of this sideways action.The target of course is the top of the wadge witch is 97 on the RSI indicator.
What do you think about my opinion?
If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
Do you think the bottom is in?NASDAQ:WISH I think there could be decent upside now. This is the idea that I am trading.
#NotAFinancialAdvice #DYOR
$LINK: Pitchfork check in#Chainlink has been respecting this log pitchfork that we've drawn for months and months now. We recently flirted with the bottom 2.0 deviation. And we're now bouncing back from pretty big previous ATH support. I'd really like to see the price get above the green box, and above that lower 1.5 prong.
I wouldn't be surprised at all to see a more clear double bottom formed on the daily? If we re-tested that lower 2.0 prong? It would probably be the exact same price as the last low?
Either way. $LINK at these prices is a generational opportunity. I wish I had more capital to invest, but I'm stacking what I can. Don't worry marines. We're literally all going to make it.
Inverse Head & Shoulders ? FET/BTC #FET $FET #FetchAIHere we have our FET daily chart from Bitfinex and you can see what appears to be an Inverse Head & Shoulders pattern forming .This is good .If that is indeed what it is than we are probably finishing the right shoulder formation now . And the target of that should be our 1500/1600 area again . We thought we might go back there after that Butterfly pattern seemed to play out but it didn't quite get there . These harmonic patterns don't always play perfectly. Sometimes they do but sometimes the market is quite volatile ! Anyway I feel FET will see upside and do very well this year . You can see we have also hit a red #8 of a TD Sequential 9 (the numbers under the candlesticks and one of my favorite indicators.) That should signal a turnaround is coming because as you can see - the bottom is in .
BTC bottom is nearBTC has set a higher low on the RSI, while making lower lows on price, we can see this is in a point in time where we should expect to see continued pressure to move sideways at minimum or make a reversal to newer highs.
The histogram outlined on the MACD is also indicating that we are forming a trigger wave which is indicating selling pressure is becoming exhausted and we should continue to see sideways movement or movement towards upward pressure.
Hull wave on the price chart is starting to close its bands as the price reversed from the lower low and is moving sideways. I expect this band to start to level out and fluctuate between positive and negative coloration while the price trends sideways.
Currently watching lower time frames will give indication to what will happen in higher time frames which will give us a more clear trend definition. For now, I expect that we have bottomed or are close to being bottomed due to so many indications showing bullish divergences. We may wick down low but the trend is forming a bottom.
BTCUSD pullback.BOTTOM IS IN
BTC/USD need a pullback to cool off after a nice rally from 4000$ to 7500$. The reason why BTC was pumped hard is simple,traders all time shorted BTC and the whales liquidated this positions. BTC/USD now just hitted the first long term 0.236 fib resistance line which is at 7104$ and also the candle closed below this resistance line(bearish sign)+we have a huugeee strong ichimoku resistance in this weekly chart
RSI is still overbought because is above 70 point
at MACD just crossed the neutral zone which is a really nice buy signal BUT don't forget another indicators :-) .Stochastic also is overbought.
I'm expecting a pullback till 50MA weekly. We have too much support line for a breakdown below 3000$
QTUM Sympathy Play, 1:6 risk reward on BTC breakout!Observing the charts for both Bitcoin and Ethereum last week, I'm seeing strong support for Bitcoin at the $3800 levels and Ethereum at the $130 levels. If this support continues to hold, I'm expecting a huge sympathy play for Qtum (leverages Bitcoin's security while having Ethereum's functionality). I also no longer think we are in a wave 4 cycle as the psychology of the masses is already expecting a wave 5 pullback. The bottom is in!
Also, looking at the Elliot wave pattern, Qtum is nearing the end of wave 2 pullback. I'm expecting a huge wave 3 which will retest the 0.5 Fibbonaci retracement level as indicated on the chart.
Given the current price of Qtum and strong psychological support at the $2.00 level with minimal volume being traded, I see a far more lucrative risk:reward ratio for longing Qtum compared to going long on BTC/ETH!
Accumulate now and thank me later when BTC breakout!
Stop limit:
Wave (C): $2.89
Wave (E): $3.45
Stop loss: 1.86
Let me know what you guys think of this plan!
The "Bottom" bottom is in... and no one is buyingHODL today, buy Lambo next year. Want moon? You have to be bold/patient (is a virtue) when everyone else is fearful. If you are waiting here, you will never get that $3,000 that everyone so desperately wants. Here comes the short squeeze...
Merry Christmas to all you good boys and girls. The greedy will get coal in their stockings.
Your's Truly,
-racethehair
If you are fearful... it's probably the bottomHere you go pedes, right in front of your eyes, let the magic (whale) show begin!
Merry Christmas, and a joyous/wealthy 2019 to all you good boys and girls. The greedy who are waiting for sub $3,000 to buy in (90% of retail traders) will get lumps of coal and short squeezed.
Your's Truly
-racethehair
SPX500: Market bottomed here...I think the US stock market has reached a bottom here, likely to revisit recent highs, if still ranging -which is likely-, but very high odds it doesn't break today's low for the time being. I'd rate it at 90% odds. I'm risking a safe amount going long, entered at 2618.3, stop at 2583.5.
Let's see how this pans out over the next few days and weeks.
Cheers,
Ivan Labrie.