Pi cycle bottom signal is ON!Pi cycle bottom indicator has been historically very accurate to mark the bottom or a close bottom!
It has been turned on now! which means that:
1. $21k BTC was the bottom;
2. or very close to the bottom.
Historically, BTC saw a major capitulation on a black swan event after the Pi cycle bottom. So:
1. BTC could potentially see a dip below $21k in the medium-term (6 to 12 months).
2. Or BTC could hover around its current price to bore everyone out of the market.
Btcbottomed
Will BTC continue its dump or it'll surprise everyoneHi dear community members, my lovely and loyal followers, I hope you are fine and make good trades.
I haven't published analyses for 2 months coz I expected #BTC to dump towards 26.5-27K as I mentioned in my tweets/ which you can check on my previous publications.
BTW I warned about this dump back on June 24th when BTC price was 31500/ almost at the top/ but I didn't expect that BTC will go below 26K in any case we haven't seen daily candle close below it)).
Now I'm looking at daily timeframe and as you see BTC cleared/swept all SSL and felt all imbalances below 28.5K, even it took out previous major swing low/EQL/ below 24.7K and hit daily bullish OB. If we measure the recent move from 31,850 to 24.7K it is below 100% projection of previous move from 31059 to 24.7K.
I'm sure BTC bottomed on August 18th at 24.5K and after some types of consolidation between 25-28K, which will last about 2-4 weeks, BTC will start its major impulse move towards 37-38K even higher. I marked upcoming move with pink line.
I also mentioned the most critical level on the chart /RED zone/, which has to be respected by bulls in the worst case to provide upcoming bullish movement otherwise game is over for bulls.
BTC upcoming targets for 2023. 36-37K? Hi dear community members and my loyal followers.
Let me update my BTC ideas for coming weeks and months.
As you see I'm looking at weekly timeframe. After breaking out weekly falling wedge/main diagonal trendline/ BTC reached 25K, then dumped to 19.5K as I posted in my early analyses and bounced back to the same level but this time it succeeded breaking out main horizontal resistance at 25-25.3K zone taking out BSL liquidity above it and reached the main and one of the strongest resistance 28.6-30.5K zone.
At the moment we see that BTC rejected at 30.5K zone and droped to 28K.
What is my expectations. If BTC loses 27.7-28K zone it will dump to 25-25.3K zone, sweep liquidity below 26.6-26.7K zone and at the same time it will test main horizontal support which is 5D GC upper band. /All charts attached below this analysis.
But my highly probable scenario is- BTC will pump from 27.7-28K region to 31.5K filling FVG zone and taking out liquidity above 30K/equal highs/, reaching upper band of weekly GC which is 31.5K after that maybe BTC will dump to middle band of weekly GC or upper band of 5D GC liquidating late longs. It also will give room for alts to explode. I'm sure BTC will hold 25-25.3K.
I expect BTC to hold 27.7-28K zone coz Market makers bought and are buying huge amount of BTC at that zone. As soon as BTC reached 31.5K I will update it will pump straight to 36-37K or it will dump to 25-25.3K zone, or it will move sideways letting altcoins to burst./ Based on Total 2 and Total 3 mini Altseason 2023 is going to start in coming days and weeks.
In worst case BTC can dump to 25-25.3K zone before reaching 36-37K FVG zone my first target in coming weeks. People who expect lower prices like 18.5-19K even lower 8-12K, they will be destroyed.
My minimum target for 2023 is 36-37K then 48K+/52-53K/ and my main target for 2023 is 72-74K.
My BTC top /new ATH in 2023 & 2024-2025 scenarios!!! BTCUSDT Hi dear community and my loyal followers.
I'm leaving here my highly probable 2 scenarios for BTC top/new ATH in 2023 & 2024-2025.
99% in crypto expect new ATH in 2024-2025 after halving and expect history to be repeated but what if they will be wrong and BTC hits new ATH in 2023 and surprises everyone and enters to long & devastating bear market in 2024-2025 and don't satisfy needs of the herd)). I like doing the opposite what majority expects and go against the herd. But I'm ready for both scenarios))).
As you see on the charts I draw my targets and path for BTC in 2023 and in 2024-2025.
My max target for 2023 will; be 72-85K based on my previous analyses I posted earlier/ They are targets I calculated based on Fib levles, Bullish megaphone chart pattern, Elliott waves etc.
And my max target for 2024-2025 after halving event will be 150-180K again based on fib levels, major trendlines, some secret projections, my experience & chart patterns.
But if BTC hits new ATH in 2024-2025, we'll see huge and deep correction at 48-53K zone and dump to 22-25K zone.
We'll come back to this analyses in couple months or in 2 years))) In any case be prepared for both scenarios. Stay safe and be level headed. I'm bullish in 2023.
If you like my ideas and analyses, don't forget to like, comment, share my ideas, and follow please. I"ll appreciate any single follow and any kind of support.
I wish you good trades and huge profits.
BTC Pi Cycle Bullrun SignalHello friends
Today im going to show you a good reason for next Bullrun in Bitcoin.
Pi cycle includes 2 Moving Average:
One Long MA and One Short MA.
when we devide this 2 MA the result equals PI number (around 3.15)
The best Long MA is 471 DAY and the best Short MA is 150 DAY.
I illustrate them in BLX chart and yo see the last 2 times that Pi cycle Bottom works properly.
the first Bottom was on JAN 2015 and second Bottom was on JAN 2019 and NOW on JAN 2023 (as i show them with Red Circles in my chart)
the indicator signal a Potential Bottom for BTC.
If Short MA (RED) surpass Long MA(GREEN) we call it a PARABOLA and the Bottom confirmed.
If you think more about that you understand this cycle happened every 4 years actually on January.
2015 - 2019 and NOW 2023.
So i explained Technical and Time Cycle Analysis for this Strong Indicator.
Hope it predict Bottoms WELL.
Be Profitable
Thank You for reading my Idea
Share me your Opinion.
Do you think BTC make a bottom NOW?
BTC Super Guppy's super prediction)) 24-25K then 28-30K or 19KDear community and my lovely followers, this analysis covers my previous one analysis about Gaussian channel and 1-7 step price action in 2015 and 2021-2022 bear markets.
So if you read this one, don't miss the previous one as well. They are highly correlated.
Pay attention that the same 1-7 price action movement happened bellow weekly super Guppy indicator.
In 2015 when Price reached to upper red channel of Supper Guppy(#6) it dumped making double bottom(#7), now Price is approaching to the same red upper band of Supper Guppy which is about 24.5-25K(#6), which is also mid point of 5D gaussian channel(#6) + monthly diagonal resistance, range high+ 200 & 50 weekly EMA. A lot of confluences at the mentioned point . So it is less likely price will break the mentioned level at first attempt, So I expect 2015 scenario to be repeated and dumping to 18.5-19K making #7 movement and Higher Low.
If you like my analyses, don't forget to like, share, comment and follow please. I need your support. I appreciate any single follow.
Will BTC repeat this identical pattern as it did in 2015? Hi dear community and my loyal followers.
Let me bring your attention to this important historical data.
As you know I told many times that 2021-2022 bear market look like more likely to 2015 than 2019 taking into account many factors)).
That's why in this analysis I'm comparing 2021-2022 bear cycle with 2015.
Look at price action bellow 5D gaussian channel, do you see the identical move of the price from 1-7 steps?
In 2015 when price approached to mid point of Gaussian channel and range high(#6) it dumped making 2d bottom(#7) , So I expect the same move to be happen now. Price is approaching to mid point of Gaussian channel(#6) and more likely will retrace to 19K+- making double or even triple bottom counting 17.5, 15.5 and potential 19K+- lows. (#7). BTW when price reaches 24.5-25K it will be weekly 50 and 200 EMA also multi-months diagonal resistance. /I will post it a little bit later on regular chart.
I also expect such kind of move coz a lot of moon-boys turned bullish and opened long positions at 22.5K and expect 28K+ prices. ))
If you like my ideas and analyses, don't forget to like, follow and leave a comment please. I appreciate any single tweet.
BTC flashed Historical and powerful signal !! Short macro update
Dear community, I'm looking at 2w timeframe chart of BTC. Good new for bulls )) BTC flashed Historical and powerful signal)) 😉😉
2W MACD bullish cross bellow 0 line has never given false signals and happened 3 times in its whole history)) After that multi-months rally started.
BTW in every bear market BTC started its bull run when 2w MACD bullish cross happened and at the same time BTC succeeded breaking multi-months diagonal and horizontal resistance drown on the chart making completing double bottom pattern with multi bull divs.
Don't forget to like, comment and follow me. I appreciate any single follow.
BTCUSD Most bullish thing happened since 2021 November!Hi dear community and my lovely followers.
I was waiting for weekly candle close to update some ideas.
Pay attention to the charts nobody is talking about. This analyses proves all my " BTC bottom was in" analyses published since 2022 June.
Let me emphasize some important things.
1. First time since 2021 November BTC weekly line break chart candle closed green. Every time when it happens BTC Bull run or huge rally starts.
2. BTC broke weekly falling wedge and retested it successfully.
3. Weekly RSI bullish div. broke multi-months diagonal trendline.
4. Weekly TSI crossed bullish with bull div.
All above mentioned things are super bullish, The only thing I want to see in coming days BTC breakout above 21.5K level with confirmation making new High.
Let's follow and see it will happen before retrace to 18.5-19K level, or after pullback.
Don't forget to like my ideas and follow me , if you want to see new updates.
BTC succeeded doing first time since 2021 November. Hi dear community and my lovely followers, this is my first post in 2023. Happy New Year, wishing you and your family a happy, healthy and successful New Year 2023.
There is no much to tell you.
As you see BTC did exactly what I told you: Check all my analyses bellow this idea.
As you know I have been posting only macro bullish analyses since 2022 June warning you that a real BTC bottom was at 17.5K in June 2022, and the recent dump to 15.5K was a fake breakdown/bear trap/ spring/ with double bottom+ multi bull divergences.
I expected the recent pump to 21.3K strong supply zone, where BTC rejected. After retrace to 18.5-19K, it will continue its upward move to 24-25K:
Pay attention to the chart and see how BTC succeeded breaking daily KC and close candle above it for the first time since 2021 November. This is super bullish for BTC. BTW BTC broke 21 weekly EMA, I hope weekly candle closes above it.
The only thing I want to happen in coming days, daily candle close above 21.5K which will create new High and will confirm all my analyses posted since June 2022. It will mark potential trend reversal and upcoming multi-months rally.
If you like my ideas, don't forget to like, comment and follow me.
BTC update after CPI data released. Hi dear community and my loyal followers. As you know actual CPI data released 7.1% but had expected 7.3% so both stock and crypto market reacted the news positively and pumped making the market green.
If you check my previous analysis about BTC short term update, You can see that I warned you about it, tweeted about new updates how I closed my short position at 16.8K and opened long at the same level.
I'm looking at daily timeframe and as you see I expect BTC bullish move towards 21.5-22K if it flips green zone and at the same time OBV breaks the mentioned blue channel and confirms trend strength with volume.
When you look at my daily chart you can notice how BTC diagonal support trendline held & how beautiful triple bottom on OBV chart played out very well.
If BTC breaks the mentioned green zone 18.5K it will confirm and increase probability that my previous analyses were accurate about BTC bottom and Wyckoff accumulation phase.
As you remember I mentioned many times that BTC real bottom was at 17.5K in June and the recent dump from 17.5K to 15.5K was a false breakdown/bear trap/ with double bottom pattern + many bullish divergences like 2021 November top which was a false breakout/ bull trap/ with double top = many bear divergences. At the same time I published Wyckoff accumulation phase and told you that the recent dump from 17.5 to 15.5K was a spring.
As you see on the chart I expect red line scenario for coming days. BTC more likely will hit 21.5-22K supply zone and rejects at that area and tests 18-18.5K resistance, then hits upper band of the Wyckoff accumulation zone.
If my scenario plays out, it will also confirm the weekly falling wedge breakout and retest posted bellow and my previous analyses.
Check bellow other bullish weekly charts and indicators I'm going to update.
If you like my ideas and analyses, don't forget to like and follow for further updates. I will appreciate any single follow, like & comment.
HAS BTC BOTTOMED?Sentiment exactly the same as in 2018 when BTC dropped from $6000 to $3000. Everyone was expecting lower prices, sentiment was very negative, and the fear factor was at extreme fear. Same as this year.
That is exactly what institutions want you to think, and force you to sell so they can buy BTC at lower prices. These conditions are perfect for a bottom at 78,6 retrace from the previous high.
Fractal is very similar although there is one thing that is a bit of scale. ABC drop (capitulation) could be over, but when you are looking the fractal on a bigger time frame as daily, you can compare these fractals and see that ABC from this drop is significantly smaller. so that could be a fractal inside the fractal, meaning that we could still be in ABC, but BTC haven't finished C wave to the downside and maybe C is only starting, and we could see one more wave down.
BTC bears will be destroyed! Don't expect lower prices. I warn all BTC bears last time. BTC has already bottomed at 17.5K on 18.06.2022 as I posted at the same day in June. Don't expect lower prices and don't miss such kind of buying opportunity.
I'm looking at weekly timeframe. If you look very carefully you will notice the same, identical green circles before falling V pattern at 0.38 fib level which happened 3 times in BTC history and marked BTC bottom.
Bellow magic indicator has crossed bullish recently which did also 3 times bellow 0 line in history and marked start of new bull run. When this indicator crosses bullish at weekly timeframe BTC bottom was already in. So don't expect lower prices.
Share bellow with your ideas, check all my analyses about BTC bottom bellow related ideas and if you like my ideas, don't forget to follow me. Thanks in advance.
⚠️⚠️ ✔️ OR ❌️ ? Is it the bottom for #bitcoin? ⚠️⚠️Building on my previous $BTC logarithmic regression chart, there has now been an almost perfect bounce off of the yellow, dotted, inversion-curve line. This coincides with daily, weekly and monthly RSI's being at extremely oversold levels with the 4hr RSI moving down into oversold territory. Personally, all my limit orders were hit perfectly so it seems I may have at least bought "A" bottom here. This abrupt price drop also has now created a broadening edge pattern, which typically will break to the upside when formed at the bottom of a downtrend. All of these confluences may just spell the final bottom price for $BTC in the short term and validate my "inversion-curve" theory. Of course this can still be invalidated by a close below the inversion-curve line. If that occurs, I would still believe an inversion could be possible, but over a much longer time period. In that scenario, my target range for a price bottom would be between $10,770 & $12,694.
#btcinversion #btcbottom
*These are my personal opinions, based on chat data. This is not financial advice.*
Bitcoin hit its bottom Trade setup:
Entry Price: 38000 USD
Target Price: 40000 USD
Target Price 2: 42000 USD
We can see in the price chart that the price of Bitcoin seen to have bottomed out, and this movement can also be seen in all three measured indicators.
The RSI hit its perceived bottom at 22 and the MACD also seemed to have the same bottom formation as the signal line and the MACD-line crossed.
We can also see this trend reversal in the DMI where the negative momentum has somewhat stopped as the positive momentum has started to form.
This is not financial advice.
If BTC loses 39.5K support welcome to a bear marketWelcome to this analysis about BTC . Contrary to many analysts I don't think we are in a bear market and at the same time I don't share the opinion of others who think if BTC loses 39.5K level we are still in a bull market. Now I'm going to explain you why I think so. We are looking at the weekly timeframe perspective, the recent events, the established weekly market structure and some indicators. As I mentioned in my previous daily timeframe analysis BTC dropped to my last and main support area that is 39.5K September low and made double bottom . Due to many whales/FTX, Finex, Binance/ that united with the common cause to protect us from the crypto bears putting about 6,000 BTC buying order at 39.5-40K level. As you see BTC price rejected at support area with strong bounce. Based on this pattern and probabilities
In a bull market or in an uptrend price usually holds above 21 and 34 weekly EMA key averages or bounces back above them. But when things change and after ATH price pulls back to the mentioned moving averages bounces off and fails and drops back down again below the previous support , below the low that was made prior to the bounce/break market structure/. You can check history. After major peak in 2013, 2017 BTC made a pullback 21-34 weekly moving averages, then strong bounce from that level, then reversed and went below the low that was made prior to the bounce and broke market structure. It dumped more than 40% and entered to a bear market. The only warning sign that I'm cautious about is. Every time, in a bull market when BTC weekly fully candle closed below 50 MA BTC entered to a bear market. Last week it did so.
At this very moment, BTC needs to reclaim 21 weekly EMA and stay above bull market support band to become bullish and continue its mind blowing path to 100K+
As I can't post other images to show you history I will add them to my twitter account below this publication as a comment.
Thanks for your reading.