BTC will history repeat?1D time frame
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According to left chart, Bitcoin pumped rapidly on 25th Oct '19, which date range was around 198 Days away from 2020 halving, Bitcoin increased by 45% in two days.
Next, Bitcoin made a waterfall over 60% since Feb '20, then Bull market was triggered.
Nowadays, Bitcoin extremely increased by 20% in Oct '23, and we need around 200 Days to reach next halving in 2024. All phenomenons are similar to 2019, so we can expect a huge dump based on previous analysis of Bitcoin top structure(refer to below links). Therefore, stay patient and get ready to buy spot!
Accurate Bitcoin analysis about top structure and bear bottom.
Bitcoin PRZ analysis of Harmonic pattern.
Btchalving
Bitcoin Trades this MorningTraders,
As you know, my original target is 31,600. Obviously, from the chart, you can see that 30k is significant resistance as well. Because of the quick pump this morning due to spot ETF approval news, I sold half my BTC at that 30k level. After dropping back down I decided to re-enter at 28k thinking that we'll now use that 200-day SMA for support. Overall target still remains 31,600, however, I may make another play at 30k pending price action, volatility, etc? SLs are 24,500 but honestly, I am considering taking them out completely and simply DCA'ing in another 10% of the total port for every level down we hit (if we get that lucky). We are getting close to moon time now for BTC and I don't want to be shaken out on the way down the way shorts were liquidated just this morning. I'll let you all know if/when I remove my stops.
Best,
Stew
📊 Comparing LTC | BTC Halving🔍 Litecoin Halving Recap:
Litecoin, often dubbed the "silver" to Bitcoin's "gold," had its halving event in the past. After Litecoin's halving, it's worth noting that the price experienced a notable dip, plummeting by approximately 70%. This dip left many investors wondering if the halving event was a disappointment.
💡 The Valuable Lesson:
So, what can we learn from Litecoin's post-halving price drop? Well, it's essential to understand that market reactions to halving events can be complex. In Litecoin's case, the immediate dip could be attributed to a phenomenon called "buy the rumor, sell the news." Essentially, some traders may have speculated on Litecoin's halving, driving up the price before the event, only to sell off once it happened.
💭 What It Means for Bitcoin:
Now, let's apply this lesson to Bitcoin. As we know, Bitcoin has a scheduled halving event that occurs approximately every four years. If we use Litecoin's experience as a reference point, we can anticipate that Bitcoin's price might experience fluctuations around its halving as well.
However, here's the key takeaway: the post-halving dip doesn't necessarily mean a long-term bearish trend. In fact, historical data shows that Bitcoin has consistently rebounded and experienced significant price rallies following its halving events.
🚀 Conclusion:
In the world of cryptocurrencies, historical patterns can offer valuable insights, but they should be viewed as guides rather than guarantees. Market dynamics can change, and various factors can influence price movements.
So, when it comes to Bitcoin and its upcoming halving events, it's crucial to stay informed, remain patient, and not be swayed by short-term fluctuations. Keep a long-term perspective, and remember that cryptocurrencies have shown remarkable resilience and growth over time.
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Why ETH bulls are in danger...Hi Traders,
when will ETH hit moon? 🌔
Will ETH in general be able to hit new highs? Thats the big question.
Right now from technical point of view we have bad news for the bulls...
Here are some Short Indications and some points that can make hope...
Short Indicators:
1. Trendline Break - the long trendline was broken with massive Volume and movement on 17th August
2. Lower Highs / Lower Lows - as you can see in the chart we have now made a lower low and also the highs are frequent getting lower. Clear indication for downward trend
3. Moving Average - the price is below EMA200 which is a Short indication as well.
Hope for the Bulls:
But we have also some points which can make the bulls hope...
1.Support
The Zone at $1600 which is a massive support zone is still valid and not broken. As long as we do not break this zone this is quite good
2. Bitcoin Halving
As you might know next year the BTC will halve and mining rewards will half. Less supply with likely same ore even more demand will then cause massive rise of Bitcoin . If this will be the case then ETH will also likely rise - as 2nd biggest Cryptocurrency.
There is always be a correlation of Bitcoin and Altcoins.
Conclusion:
Right now ETH is technically hit. But as long as $1600 does not break there is a chance that a positive newsflow can cause a reversal.
If the $1600 breaks a short breakout trade would be a option to think of.
Wish you all good Trades!
Team tegasFX
Bitcoin this bear bottom 15k~18k12h time frame
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Creating a completed top structure like HS can provide more momentum to future dump.
Therefore, Bitcoin has the potential to pump again to make the right shoulder for the big HS.
Top of the potential right structure is around 28500~29500, pay attention to open short if we see this pump in near future.
Also, in order to liquidate as much long positions as possible before 2024 halving, the neckline at 25200 need to be broken, then a huge dump following based on HS structure, its final target 18500~15800, which is also the great and sweet range to buy Bitcoin!
HUGE LONG INCOMING BTCDear Ziilllaatraders,
We can see the next halving drawing near. And I have analyzed the previous halvings which makes me believe that after the next halving, we will see a very bullish year around March 2024.
I recommend you guys not to make the long now, and wait until I give out the signal. This is because there are three scenarios, in either one you will probably make money but in one you will make it with the best risk management. That's why I say WAIT until 2024.
If you have any questions feel free to ask them,
Ziillaatrades out
DOGE -BULLISH: BTC Halving, ALTS RotateHi Traders, Investors and Speculators of Charts📈📉
The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains.
Historically, Bitcoin has been the dominant player in the crypto market, accounting for the majority of trading volume and market capitalization. However in recent years, altcoins have begun to gain traction and there has been a growing trend of investors rotating their liquidity from Bitcoin into altcoins. Not to mention the fact that Mr. Elon Musk himself is always bullish on Dogecoin and this has resulted in increased adoption for the altcoin DOGEUSDT.
The Bitcoin halving is an important factor to keep in mind in the coming months as this affects the rotation of liquidity between Bitcoin and altcoins. (The halving is an event that occurs every four years, when the reward for mining a new block is cut in half) . This reduces the supply of new Bitcoin entering the market, which can lead to an increase in price.
If the Bitcoin halving leads to a significant increase in the price of Bitcoin, it is possible that some investors will rotate their liquidity out of altcoins and into Bitcoin (meaning that the price of alts will INCREASE up until the halving, where it will then exit alts and enter BTC market again). The next Bitcoin Halving is scheduled to take place around April or May of 2024.
Order of the Rotation Based on the Market Cap of the Altcoin
The order of the rotation of liquidity between Bitcoin and altcoins is typically based on the market capitalization of the altcoin . The largest altcoins, such as Ethereum, Litecoin, and Ripple, tend to see the most liquidity rotation, as investors move their capital into these assets in search of growth opportunities. As we have recent seen significant increases in Solana, Litecoin and ETH, we can now expect liquidity to rotate into the next class of alts with slightly smaller market caps then the previous class, including DOGE.
These are some of the fundamental reasons on why I am bullish on DOGECOIN up until the point of the BTC halving next year. The technical reasons for my bullish sentiment have been discussed in the video, including Technical Indicators and Macro phase analysis.
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CRYPTOCAP:DOGE BINANCE:DOGEUSDT BINANCE:DOGEUSDT.P OKX:DOGEUSDT COINBASE:DOGEUSD KUCOIN:DOGEUSDT BINANCE:DOGEBTC CRYPTOCAP:DOGE.D COINBASE:DOGEUSDT
BTC halving predictionprevious retrace from new ATH matches to where we currently sit, a bit more bouncing around on the upside and gianing to set us up for the next supply shock parobolic run. if we copy what happened last time should see 200k+ btc. Law of diminishing returns shows traditionally the Halving pumps are reduces by half so take haff of thata and we should push above 100k for this simple reason of the next halving
Bitcoin market cycles leading into 2025Here it is crypto fam. Here we have the market cycles for Bitcoin and in color. We begin with the year of the bull run then we have the bearmarket year then the year that no one likes which is the year of Pain. After pain we have the famous and most anticipated Bitcoin halving year then the most exciting time in crypto is the Bullrun year. We have had three of these cycles already and the fourth is coming upon us soon. Before we have fun though we will be going through the year of Pain this year because even though Bitcoin is climbimg beautifully now we are expecting another test to the bottom which we call Pain. The year of the halving in 2024 will be a great time to buy up your favorite projects and then when 2025 comes we have a beautiful Christmas.
Watch This Bitcoin Halving Blue PrintIf you're into BTC/crypto please take your time to watch this chart, I believe this chart can be a big help investing into crypto
using these past statistics as a reference to "read" where price could go into the future.
Let me know if You have any questions.
I'm posting this as journal and learning purposes. Not financial advice.
Bitcoin : Halving Blues and RalliesHere's a comprehensive analysis of BTC performed on a 2 Week time-frame in which we'll look at the previous halving cycles and try to understand how these cyclical events illustrate fractal behavior on the price structure. We'll also compare these cyclical effects to speculate what to possibly expect for the upcoming halving.
Post Halving Effects :
One of the reasons why Bitcoin halving dates are so eagerly anticipated is the price of BTC - or, more specifically, what happens to it after the halving. As we all know the price of BTC skyrockets after and around each BTC halving date - at least, that has been the case with the three halvings that we have already encountered throughout the Bitcoin halving history.
BTC had a price of about $12 just before the first halving in 2012, and it peaked at a high of more than $1,200 after the first halving in anticipation of the upcoming halving and as a result of other events that coincided with this event.
Then it's price was around $650 prior to the second halving. As the halving occurred and the market began to turn bullish, BTC eventually reached a price of around $19.8k.
Finally, the price of BTC was around $9,000 before the last halving in 2020. Following the halving, BTC reached a new high of $69k (approx) per coin.
Now, aside from the above mentioned factual evidence, here are some speculative ones worth considering because, at various scales and points in time, they do show self-similar repeating patterns.
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Pre-Halving Effects :
1) Measured Time Range -
In this chart, a trendline that marks the end of a bull market and the start of an unprecedented bear market and is drawn from an ATH (major swig high) before each halving cycle.
(Trendlines typically assist in identifying the market's overall trend direction, sometimes as support and resistances, however in this research they are merely used to support the idea and provide a visual reference)
After the price breaks the downtrendline, it suggests an end of a bear market and as the price approaches the halving date, we find a preliminary correlation between each halving cycle. The time period (number of weeks) it takes to each halving increases by the factor of two :-
Cycle 1 - 52 Weeks
Cycle 2 - 54 Weeks (+2)
Cycle 3 - 58 Weeks (+4)
Cycle 4 (Range) - 64 Weeks (+6) or 66 Weeks (+8)
2) Pre-Halving Rallies -
Now, let's talk about how the price structure behaves before the Bitcoin Halving or “The Halvening”.
If we look closely at the price, we can observe that it signals something more. To put it simply, the price of BTC starts moving upward months before the dates of the price halving once it is released out from the jaws and claws of the bear market (downward trendline) and this rally, along with some pullbacks forms a local High.
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Although the precise date is not yet known, it is anticipated that Bitcoin's next halving will take place around May 2024 given that each halving occurs roughly every four years. Nonetheless, this does not negate the fact that BTC halvings do, in fact, contribute to changes in the price of Bitcoin. These events are highly anticipated and show a distinct pattern; whether or not it will remain this way with the next Bitcoin halving dates, we'll just have to wait and watch.
Finally, to sum up this analysis, I would like to state that based on previous cycles, there is a possibility that this entire concept will take shape, and rather than being predictive, I would rather remain speculative over time as the price develops over the course of the following years.
Feel free to share your opinion on BTC in the comments below. This is not a financial advise, DYOR.
XLM Stellar 2025 price target of $34We have an ascending channel that depends on a low for XLM of between $0.042 and $0.05 price target sometime in the 1st quarter of 2023. In 2017 we had a meteoric rise of 67k% (67,000%) from the low price of $0.0015 beginning of 2017 up to the high of $0.93 by end of 2017. If we use a fractal and use the same percentage increase for 2025 the price of XLM could possibly hit a $34 target. I also have $8 on a Fibonacci line that could play a possible target as well. Will these actually happen is anyone's guess. No one has a crystal ball but we could use past percentages and fibs to make as close a determination as possible.
A special note to keep in mind is the March deadline for the Ripple case to come to an end, therefore, giving both XRP and XLM good reasons for a rise in price action. Of course, this is all speculative and should be taken seriously considering all macros and other trading factors when making a decision to acquire both assets.
Alternative perspective - Bitcoin Between $11,000 - $12,000?There are many rabbit holes, fractals & patterns to play around with, but one thing is certain - there are beautiful architectures woven throughout the Bitcoin chart if one has a mind to pick away at it.. It's whispering things to us. It's actually the collective consciousness of all the human brains painting on a canvas..spliced in sections according to the halving cycle and world economics.
Sorry, I can't explain the chart much more than to say that non-log fibs applied over log chart in a very creative way has shown me some strange synchronicities that seam to point to a fractally/vertically shrinking and squeezing pattern as larger price thresholds lower the ceiling.. paired with SMAs at 100,200,300,400,500 + VWAP from previous cycle bottom low close and wick low..and Phoenix ascending + some bottom signal dots set based on a 21 day look back..also a the Kaufman moving average seams to cup the balls of the price right as the next halving occurs which is something that could help locate the median resting price of BTC..Playing with charts is as fun as making music to me..
Maybe it's completely wrong..but it's about narrowing down the possible outcomes based on some derived evidence. DYOR