PLEASE MR PRESIDENT! IT'S TOO MUCH WINNING!Gandalf once said The battle of Helm's Deep is over; the battle for Middle Earth is about to begin.
Bravenewcoin
Elliot wave theory (the macro outlook)
I won't explain what Elliot wave theory is here, but I will post a link for you to do the research on it if you are unaware here. www.investopedia.com
In short cycles tend to repeat and Elliot waves is essentially how it's done. There are rules to how it works and what is required to be considered. (check above link for education on it) There is no doubt the the first 3 cycles of Bitcoin were text book Elliot waves. The question I am proposing is will it follow the first wave fairly similarly? If it does we have a long way to go with lots of legendary potential. It's also the best way to look at investing on a macro scale.
*Those who don't know their history are doomed to repeat it*
Text book bearish and bullish divergenceLets take a look.
Price goes up and indicator goes down you have a bearish divergence which means price should eventually follow.
Price go down and indicator goes up we have a bullish divergence and the price should eventually follow.
It's all on the same chart, break out expected soon... Which way? answers down below.
THE END IS NEARbottom target 25-30k... that means the end is near. Do not sell now and regret later. YOu should stay strong.
those who are looking for trades there is shorting opportunity if you want to take it. Some alts got 10x opportunity if you buy them now :)
overall market is just shaking weak hands.
BITCOIN - Cycle Wave Complete? Start of a Supercycle?I've never seen a bearish thread on BLX nor have I seen the long term chart with a solid EW count, so here's my offering. This certainly won't be the most popular count on TV, but I think there is a reasonable chance it will be correct to some degree and I'd like to have it on record while Bitcoin is still topping and almost everyone is still looking up to the stars. This is of course not the only possible count, but it does seem to fit well.
My interest for this count came when I realised that in previous bear markets Bitcoin has formed a classic wave 2 zig-zag and wave 4 flat triangle. And then the penny dropped - Price could well be completing a Cycle wave 5 top! This would also mean price is completing a Supercycle wave 1 and here is where the very bearish projection comes in:
In a typical Elliott Wave , an ABC correction will commonly retrace back into the territory of the previous wave 4. This would mean that the Supercycle wave 2 (Cycle ABC ) would likely retrace back into the very large price territory of Cycle wave 4: $19.6K - $3.2K. However to consider also what is common for Bitcoin ; in the two Primary wave corrections (bear markets), price retraced back to the log based Fibonacci ratios of 0.236 in Cycle wave 2 and 0.382 in Cycle wave 4, and so I've approximated a price target between these points.
In regard to time, the Supercycle wave 2 would likely be the more common zig-zag and I've approximately copied the Fibonacci time ratios of the Cycle wave 2.
In combination my price and time projection is (don't get mad now) $5.6K - $1.2K completing around the end of 2023 / start of 2024, which interestingly may be when the next halving is.
This is a very bearish projection and its not my preferred outcome. That said it would eventually provide the chance to buy crypto at a considerable discount.
If you'd like to see a lower degree count of the current bull market ending, it can been seen in my linked "Bitcoin has topped" thread.
BITCOIN - Supercycle Wave 1 CompleteIt looks probable that Bitcoin has completed a Supercycle wave 1 top. If correct it leads to sub 10K, possibly as low as 1K and a VERY long bear market. No-one is calling this Elliott Wave count as far as I'm aware. See my linked BLX thread for details.
I'm sure this will not be too popular but as some guy in The Big Short said - "Truth is like poetry, and most people f*** hate poetry."
Bitcoin Market Cycle Forecast for the Next Two Halving EventsThis is what I foresee in BTC/USD in terms of long-term market cycle trends between now, the next halving (currently projected to be on May 27, 2020), and the halving after that (currently projected to be between March 2024 and June 2024).
The dotted lines mark past halving dates as well as the projected 2020 and 2024 halving dates.
Bitcoin market cycles have corresponded to each halving. Since the advent of Bitcoin , all Bitcoin halving dates have been followed by bull markets, which are then followed by a bear market and accumulation periods. Given the current long-term trend of Bitcoin's lifetime market patterns, each bull market should be less extensive than the previous bull market. That being said, patterns can always be broken, and this cycle is no exception, regardless of its longevity.
I do not hold any Bitcoin at the time of writing (June 5th, 2019).
Do your own research.
There's a Huge Fight ATM BTW TIGER & BAT!Hello Traders,
We once again have a Tiger Salamander crawling its way back onto our Charts!
Very Rare, almost as rare as the species itself!
All systems a go!
BAT's hate Tiger Salamanders and it will fly as high away from it as possible, maybe to the moon...
You can check out the last time we were visited by the Tiger Salamanders cousin the Salamander Dragon here:
Good luck!
BTC BEYOND FUDThis is not a dip folks.. bitcoin dropped from 60k to 45k that's insane.. i am assuming tether exit is nearby or maybe it could be some profit taking.. god knows best!
careful if u are in profit maybe consider 50% profit taking and rebuying at lower price.. Remeber those who are here longer makes the most gains.. if you get liquidated or lose them gains you wont be here when btc hits 1 million in 2030. Take profits simps!!! and may god be with you !!!!
this is ugly and i fear we might even go lower to retest 20k break! assume the worst and you wont be surprised :)
Trustswap, bullish indicatorsGood day everyone,
As you may see, a few bullish indicators for Trustswap:
1. Conversion line (blue) continues to be above the red base line;
2. Price above the green cloud;
3. 50 ema tested recently;
4. macd & rsi have room to go up.
We could see the price eventually get around 13 in the upcoming period.
However, prices of altcoins can get high impact from the corrective March period. If that happens, and bitcoin continues to decline, price could test median line of around 2.5
BTC road to 300K and 1MAs crazy as it may sound I think we will see BTC over 1 million dollars before 2030.
Geometry can speak the truth like numbers do.
1 image is worth a 1000 words.
TRUSTSWAP Technicals, bullish signsFundamentals of this coin appear solid and unique.
Technicals, will depend on martkets in general.
1. Uptrend established, trades within pitchfork
2. TK-cross
3. Price above green cloud
No one knows the future, except He.
Bitcoin Logarithmic Growth - Halving Event ExplainedAn update on the BLX (BraveNewCoin Liquid Index for Bitcoin) on the 2W timeframe from last year's chart. You can find last year's analysis in the description below.
In Bitcoin's short 12-year life span, it's had 3 halving events:
1st Halving: 11/28/12
2nd Halving: 7/9/16
3rd Halving: 5/11/20
What is a Bitcoin Halving?
Every 210,000 blocks mined, or about every four years, the reward given to Bitcoin miners for processing transactions is cut in half. This cuts in half the rate at which new Bitcoin is released into circulation. This is Bitcoin’s way of using a synthetic form of inflation that halves every four years until all Bitcoin is released and is in circulation.
This system will continue until the year 2140. At that point, miners will be rewarded with fees for processing transactions that network users will pay. These fees ensure that miners still have the incentive to mine and keep the network going. The idea is that competition for these fees cause them to remain low after halvings are finished.
In 2009, the reward for each block mined was 50 Bitcoins. After the first halving it was 25, then 12.5, and on May 11th, 2020 it became 6.25 Bitcoins per block. Imagine if the amount of gold mined out of the earth was cut in half every four years. If gold’s value is based on its scarcity, then a “halving” of gold output every four years would theoretically drive its price higher.
The 1st Halving Event saw a 10313% gain, 371 days after the halving creating a new ATH @ $1,165.89
The 2nd Halving Event saw a 3138% gain, 518 days after the halving creating a new ATH @ $19.154.13
The 3rd Halving Event should see a 6725% gain, 444 days after the halving creating a new ATH @ $552,455.38
This upwards move after the halving is already starting to play out, and should see it come to fruition nearing the end of 2021. The global market cap just crossed the 1T mark, and Bitcoin sitting at a $754B market cap would be the 7th biggest company in the world. Right now, we're in the beginning of 2017 again and the best is yet to come!
"History doesn't always repeat, but it often rhymes" - Mark Twain
Bitcoin cycle and price targets! To new ATHThis is my analysis of the price of #bitcoin in the long term or how long this bull market is supposed to last.
We can see that each bull cycle is slower than the previous one and since bitcoin follows the logarithmic curve perfectly, we can clearly see that each cycle has a profitability of approximately 1/2 of the previous cycle. With this logic I can estimate when the next ATH will be (Feb-Mar 22).
On the other hand, we are seeing the formation of the same pattern in the rsi that we saw in the 2017 cycle.
The 2020-2021 projection will consider the same approximate percentages in the elliot waves in the 2017 cycle.
* If you want to know why bitcoin price action follows a logarithmic curve, read the stock to flow model by plan b (twitter.com)
Also read more about bitcoin lenghthening cycles
BTC Story repeat or not ?it's always usefull to compare fractals. we can see on this chart that we have a very high correlation between 2017 and 2020 prestart BullRun.
The Story can repeat but have no reasons to repeat at the exact same time without strong Fundamentals and Catalysts. This chart is just made to show you where its possible to be right now, and the most important, where you don't want to open a Long Position without some strong confirmations and avoid bears traps.
i hope it helps peoples to see more clearly!
Happy Tr4Ding !
Bitcoin BLX BTC - 550 000 USD target in 2022We are currently in a bull market according to weekly and monthly chart. The price is above 20 & 200 weekly moving averages, above the trend line, above 10500 major horizontal support (head and shoulders neckline), above 10 000 USD psychological support.
If bitcoin crash below 10 500 USD - i expect a quick long squeeze to 6500 USD - previous major support and 200 weekly moving average.
Please, hit the like button and follow me for more of these ideas!
Also, check my signature down below ↓
BITCOIN TO 9300 (BEST BUY ZONE)Hello Traders,
I think there is one more drop before the next run up. The line drawn has very strong support and big history. The drop should in the next two to three weeks.
Always trade what you are willing to lose and trade responsibly, Also trade at your own risk.
*Follow the trend until the trend is broken*
BTC 3 BEST SCENARIOSHi everyone,
Before trying to explain this analyse i need to advice that this one is for a medium/long term prediction.
Also remember that Cryptos are pretty fast sometimes so this chart could not reflect the exact time of the movements.
So wich indicators i used on Weekly Chart :
- 300 EMA in Red Color
- Fibo Retracement in White Color
- Fibo Extension in Light Blue Color
Monthly indicator :
- RVSI ( i will add a screenshoot following my analyse)
The 3 differents Realistic Scenarios :
1. Bearish
This scenario would be the worst one. BTC would be rejected around 14000$ ( July 2019 Highest + 61.8% Fibo Retracement + 100% Fibo Extension ).
BTC could back down around 6000$ Zone, where a support can be found on EMA300, also panic sell wick could lead us less than 5500$.
after that we could retrace from here and start to get a Parabolic Bullish Movement to 30 000$ ( Fibo 161.8% ) and 50 000$ ( Fibo 261.8% )
Orange Trend followed by Blue Trend on Chart.
2. Medium Bullish 20 000$ + Retracement
This is my favorite Scenario according to RVSI Monthly indicator. BTC would lead us to 20 000$ and then Backdown to retest 61.8% Zone then Bounce back,
start a Parabolic movement to go reach 30 000$ ( Fibo 161.8% ) and 50 000$ ( Fibo 261.8% ). Green Trend followed by Red downtrend and Blue Trend on Chart.
3. Pure Bullish Parabolic
This scenario is the most optimistic one, BTC won't care about retracements to 20 000$ and start directly his Parabolic Movement and reach 30 000$ ( Fibo 161.8% ) and 50 000$ ( Fibo 261.8% ) Directly. Green Trend on Chart.
i know that this analyse is not easy to be understood by everyone so if you have any questions please feel free to add comment.
invest wisely, be patient and be S4fe !
Happy Tr4Ding !
