Are we here or there?CRYPTOCAP:BTC is looking very strong on the weekly however we are early in the cycle.
Some simple ideas here.
0.618 retrace level is broken pre halving which is a surprise that would have caused many to be sidelined. I think it is unlikely the market will let them back in anytime soon especially given the strong ETF inflows.
Ongoing the trend will be Up when trad-fi markets are open, sideways when they are closed until the inflows decrease.
Spot is driving the markets so open interest and funding rates become less important. Any pullbacks will be mostly on weekends and short-lived to wash out overleveraged longs and provide liquidity on the buy side for the big funds.
Very bullish until I see a strong signal to oppose this. Things to keep an eye on is an influx of retail froth, a rotation to alts, Strong macro/tradfi headwinds and the usual suite of on-chain tools i'e whales selling, LTH taking profit at high levels.
This cycle as we have only seen retraces of %20ish o far it hasn't really be worth trying to time pullbacks in my eyes unlike previous cycles where they were often %40-%50. This gives further credence to the bullish narrative.
Hold on, enjoy the ride, set targets and take profits when you start feeling emotional.
BTC-CYCLE
NEARUSDT OPEN NEW CYCLE PEROID DEPENDING ON THIS STUDY $12Thanks for reading this update.
NEARUSDT seems to open a new cycle trend, this cycle trend can give NEARUSDT an unexpected break. we see that some positions are confirmed for the trend.
We did expect before in the same way the Cylc increase of BTC.
know that Cycles entering with building positions, and we did scan some of them.
Let's see how this will affect the price action soon.
For the day trading time frames, we checking NEARUSDT for 18%+ trend
Soon more updates.
This will stay a prediction depending on our data, and not trading advice.
This is our view, which means not that you should follow it. trade only depending on your plan.
here will be soon updates, the same as BTC did get updates to 48K.
BTC 2019 OverlayShows the current part of the cycle we're in right now by overlaying the same part of the cycle in 2019 in order to predict what BTC does next in 2024.
Hovering over the 2021 bull run on the left will highlight whats happen to the present and you'll notice the semi transparent chart of the BTC 2019 on the right.
The 2019 overlay includes the BTC bottom of that cycle to just before the covid crash.
You can see both BTC bottoms don't line up exactly but the shape that follows do very much so.
In addtion, you can see on Jan 9th 2024 that BTC topping tail and next to it is the 2019 topping tail. These topping tails are the exact same percantage as their respective bullrun highs. 2021 70k top/49k topping tail vs 2017 20k top/14k topping tail. Both are 70% from the high of their cycle's bull run.
Bitcoin Market Cycle Idea 3 - 65K Triple TopTriple top at 65K - Potential For bitcoin to continue the massive range between 65k and 30k, racing to 65k leaving people behind, 100k feels imminent once again during the consolidation, at which point alts get a chance to rally but it's cut short by macro once again. Alts get absolutely rekt and return to the lows while btc returns to 30k. Market bottoms on bitcoin halving.
Cycle compare BTC VS NetflixHi @everyone,
Here another BTC cycle comparison to our previous one.
Cycles wont repeat excactly but markets are driven trough humen emotions (Fear and Greed), thats why they rhyme often.
This is why many cycles have an indentical fractal onces you zoomed out and ignore the low timeframe noice.
as a previous cycle doesnt give u any guerantee that it will do the axact same thing, it wil give you a kind of guide into your long term investment portfolio's, by learning to reconize how cycle bottems and tops are formed it wil give you an edge over the competition into making live changing decisions.
- Be there when others look away, the pain of an bearmarket is just temporary.
- Never invest more then you are willing to lose, you will sleep well at night.
- Having patiënt and a long term view is a must if you want to trade/invest.
Cheers,
Team Quantisic
BTC CORRECTION IDEA 2022Speculative correction termination concept with 12k area as target which lines up well with prior posted regression analysis and macro shark harmonic PRZ. Blue line is 200 Weekly EMA. Circled regions emphasize recent bear market rallies. Looking for a rally in October towards the 200 weekly EMA at 26500 area, sharp correction towards Thanksgiving weekend nov 26, as liquidity tends to be low over the long holiday weekends, and November's during US midterms are statistically bearish.
*** falls well within the category of wild speculation: no calls, just a concept I keep in mind.
Bitcoin Cycle Regression Trend AnalysisLooking at price retracements from prior cycle ATH's to ATL's we find bitcoin retracing slightly less each time. Regressing the sequence yields about 82.6% from Bitcoin's 69k cycle ATH, putting the projected cycle low in the 12 K area.
Red channel is a potential channel formation to watch for.
Arrows serve as a visual aid of waning trend momentum cycle over cycle.
BTC Cycles and Important date with price areas 2013-2021 to 2023As we peaked in 2021 October 25/November we see the top area from 2013 Cycle top. Looking from this if whole global economy collapses to another support area BTC has a possibility of going to accumulation area from November 21-28 till February 20 2023 in the Price range of 6900-8k with a Possible top in 2025 at 30-40k zone.
Time to start a new cycleToday we get some notable signals:
+ BTC price surpasses MA200W;
+ We have the first green histogram after 5 correction waves of MACD;
+ We are in the 17th month after the official peak of the previous cycle (Apr 2021);
I think we are really entering a new cycle with an uptrend that lasts until 2025.
Where and when is the BTC bottom?Past performance is not always indicative of future results but I don't have a crystal ball so I will use the data available to me in order to predict a timing and area of the BTC bottom for the current cycle.
On average there is typically 1,380 days between halving cycles.
The beginning of the halving cycle to the price bottom of that cycle, takes approx. 830 days on average, or about 60% into the cycle.
Cycle bottoms occur on average, 389 days after the cycle top.
The average drawdown for the past 2 cycles has been 87% and 84%, respectively.
That gives us these potential bottoming areas:
1) 80% = 13,850
2) 82% = 12,300
3) 84% = 11,000
4) 86% = 9,700
Based on this data I can reasonably infer that BTC is likely to bottom somewhere between 13,000 and 10,000, and between the months of September and November of 2022.
* The above information is not intended as investment advice and should not be taken as such. These are my own opinions and TA. As always, please do your own due diligence before making investment decisions.
Looking at EMA Ribbon on BTC 4 Year CycleWhen looking at the EMA Ribbon ribbon on the weekly chart over the course of BTC's history, you see clear and regular pattern. The yellow only crosses below 3 times: once each cycle after the all time high. Then the ribbon fully inverts leading into the cycle low, which comes 12 months after the cycle high. As of now, the yellow has crossed, but the ribbon has not yet fully inverted. Cycle low is on schedule for November.
My take on BitCoin price prediction possibilitiesTake it with a grain of Coffee folks.
This is just my way of looking at BTC and it might be deadly wrong, but its worth sharing from many factors.
I took to place my analysis on many inputs including the following:
1) Historical BTC price action
2) Elliot wave with respect to the monthly chart
3) Peaks % and taking into consideration the % of ROI is becoming less and less with time
4) Fib Extensions in Log that indicates a repetitive peaks across the previous two cycles around certain level
Lastly taking into consideration Social media fixation toward BTC ending below 100K which usually the market would love to screw with margin traders and break expectation, also the correlation between the crypto market and the Stock market especially Dow Jones and Nasdaq which I believe they aren't finished yet from marching up although they are near ending.
Timing it is nearly impossible from the perspective of present and not depending on history of BTC but if history repeat itself then the end is really close folks, although there is this possibility of time shift extension to the cycle that plays in my mind due to many factors including Covid 19 and regulation halting the natural behavior of the cycle.
If there is one true news event, it is the regulation which is happening and real thing along with maturity of the crypto companies and adaptation on the institution level.
The case of the 1.7 trillion mk XRPFirst of all you will say that this one is unreal, there is no chance for this to happen. Yes, chances are low but its not impossible. I am not sure if you where at the floor when BTC crashed and XRP made some huge gains in a couple of days. So did BCH as well, and the news were full with headlines like "BCH will takes the first place from BTC because its much better" Everyone jumped into buying then the whole crypto market just crashed! General trading rules says: Buy low sell high, buy undervalued assets sell overvalued assets. Think about it, if you ask any crypto evangelists they will say XRP is shit, its not a crypto so on. Then they will enter the market when they see the price mooning and they will start to FOMO. It's all about pshychology. This thing to happen requires a lot of money. We had nearly trillion dollars on the market when we peaked few weeks ago. Half of it can make Ripple as a specex rocket if large speculators will make this huge move. I am not saying that it will happen, but daydreaming is not illegal. Nobody though that BTC will crash to 30k, exepct few one. Think about it! Have a great weekend you all!
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BTC CYCLESAs you can see, there is a pattern of tops and bottoms on BTC if we look on the logarithmic scale with fibonacci settings also on log. If this patterns continues we gonna have the next top on 200.000 area and the next bottom to 60.000 area. We have no reason to believe this pattern is broken so let’s see if and when we go there.
Btc: “when moon?” Lol let’s see. The chart is basically cut into pieces looking the distance between one all time high date to another One, one complete cycle. Currently we are at about 913 days about 30 candles(months). Assuming this cycle will be similar to the previous, we need 1492 days to reach the next all time high. We need about 19 more months to reach the all time high.
Have a good one cheers. ))