Bitcoin's next major target(Weekly TM)Hi there, Bitcoin's analysis in weekly time frame was published To have a better view of the market.
Now we can say that THIRD ELLIOT WAVES is started and the end of this wave must be 120K area according to technical analysis so there will be a major correction there even deeper than last one!
More description is on the chart, See and share it with your friend, This is important!
Good luck
Btclongterm
Bitcoin - Long-Term Projection Into 2023Summary:
-Likely to sell down back to the weekly trendline in the near-mid term
-Path follows an ascending diametric triangle, as it is defined by (Neo) Wave Theory
-Chose this path because it is the same underlying pattern as that of today's stock market
-Fib projections align well with the first massive move up in 2017
-If it does not bounce off of the weekly trendline for a significant low, it is likely that Bitcoin will not make its move to 100k
-Best believe some other coin will if it does not
General Strategy:
-I'm going to follow this map until there's a 5% divergence from the projected path
-So, shorting it now, picking it back up around November 2021, picking up the Alts in December-January
-I will hold everything crypto-related until the end of the pattern in late 2023 or get stopped by busted divergence threshold
-Patient initial entry at the lower trendline is a high probability trade, if it makes it there
-Sinking 5k into 3-4 sub-penny altcoins shortly after the BTC entry is essentially arbitrage, so will be doing that too
Let's see.
BITBAY:BTCUSDT
COINBASE:BTCUSD
BITPANDAPRO:BTCEUR
DERIBIT:BTCPERP
CRYPTOCAP:TOTAL
Is Bitcoin bullish right now?Hi Guys
QUICK DISCLAIMER
First off please do your own research before trading/investing, this is not professional advice.
Let's crack on.
CHART OVERVIEW
Here is a weekly chart of the Bitcoin price (BTC/USDT); we are right now at this resting point, in the chart you'll see two Gann boxes placed side by side. The first Gann box extends from the major low to the major high, the second is copied and placed next to the box from the major low and high, creating one massive Gann box.
There are many lines (support and resistance) but Gann expressed the 45 degree angle to be the most important line.
I've placed two purple lines representing the two 45 degree angles, these can act as support and resistance depending on the price action.
Also there are retracement points I have set in green, the .375 and .5 are Gann retracements and the .382 is a Fib. retracement.
ANALYSIS
*The 45 degree angles
According to Gann the 45 degree angle is a perfect balance between price and time, price likes to gravitate towards this area. The further the price is above the ascending 45 degree angle the stronger the uptrend but also less sustainable the further away it climbs, the lower the price drops below 45 degree angle the stronger the downtrend but also less sustainable the lower it drops.
You can see that we are at this "tipping point" caught between these two 45 degree angles, we have touched and pushed above the top ascending 45d. angle on 4 occasions but have failed to convincingly close above it.
*The retracement points
The 0.5 is a significant retracement point and you can see that this has given us major support, in fact in the last 4 week candles we have closed above it. This support will be very hard to break convincingly, we have dropped below but the support has remained firmly intact. The retracement points above (.375 and .382) show strong confluence with previous price action. Judging by past price we can see that once these levels were broken, together with the 45d. angle, the bullish momentum continued.
CONCLUSSION
In my opinion we are in a massive re-accumulation zone or "shakeout zone". These are purposely designed to take the asset away from the public and into the hands of the big players pulling the strings of this specific episode. This current week could be the final major "grab" before the major uptrend continues, I expect one last short shakeout (potentially next week) around 40k before we recontinue the bullish uptrend. This is a very bullish scenario and could very well be incorrect, especially time-wise as this could last a few weeks or even months, however if you believe in the fundamental value of bitcoin then the current price action is a distorted reflection of the true intrinsic value of Bitcoin and therefore must be broken.
Would love to hear your thoughts and comments! Thank you for taking the time to read this!
BITCOIN BULLISH PATTERN STILL STRONG - 06/17/2021Hello! Please review my previous ideas to see how my analysis has been going, leave any comments thanks!
The reason this is still bullish:
We had a golden cross plotted
We are still in the rising wedge
We bounced off the wedge and closed above $39k indicating a reversal
We have a mild support around $38,600 were we consolidated around couple hours
Currently we are still above $39k a push pass $39.5 would be extremely bullish
Where things can go bearish:
If we dip below the rising wedge
Falling below $38,000 can lead to test the next support at $37,500 area
The RSI is getting close to the Overbought range
BTCUSD📚 EDUCATIONAL💡
Potential Wyckoff Accumulation pattern on the BTC Chart!!!
I've tried breaking this down as easy to understand as possible.
DON'T READ IT, STUDY IT!
Richard Wyckoff was a guy from the 1930's who was so done with the big guys manipulating the market that he went ahead and developed two methods that helps you oversee the future and save you from pooping your pants on every move an asset makes.
The scheme is broken down into different sections in which I'll explain each step.
Phase A:
Preliminary Support (PS) was broken through by the huge selling power of the bears. Bears tire out from the intense selling and eventually reach Selling Climax ( SC ). Bulls intensely buying the bottom causing an Automatic Rally (AR) and bouncing up from the bottom. Bulls take profits and the market come back down for a Secondary Test (ST).
Phase B:
Uncertainty hits in as bears think the bottom is hit and bulls are worried that it might fall further. The price consolidates and ranges between the AR and ST zones testing them multiple times.
Phase C:
This is a critical level in the accumulation phase as everything depends on if the support level manages to hold or not. In the case of this example, the Spring is a bear trap to mislead buyers before the price launches up and everybody that accumulated in Phase A and B gets rewarded.
Phase D:
We see higher trading volume and confidence in upward momentum. Price starts making higher lows and showing the Last Point Support ( LPS ). Price is making higher highs which shows Signs of Strength (SOS), previous resistance zones are broken through and become supports. Retest on the new support level then gives another buying opportunity for bulls to join the ride.
Phase E:
Increased demand and confidence is shown in the market as it makes higher highs and turns into an upward trend.
Enjoy!
BTCUSD IDEAWent back and charted the btc halvings to each start of bitcoins bull and bear markets.
Blue vertical line is the bitcoin halving. Red vertical line is the start of a bear market. Green vertical line is the start of a bull market.
Couple things to note is that each bull market tends to be about 730 - 1050 days
Each bear market tends to last between 360-420 days.
The average drop in each bear market from All time high is 83%
If we take past bear market drops and draw a model of where bitcoin is going to go in the future it would look like the white path arrow posted in the chart.
I see $12k~ being the bottom with the possibility for a wick down to 10k.
I estimated that the next bull market will start around Mid April 2022 using past bull market trends.
What do you think?
BTC future Hello guys, I am here to share my idea about BTC.
- BTC is going to a lower level where it is going to find support. It is going to stay on that level for few weeks, and then drop once more.
- After the first drop and there will be a second one, allowing BTC to reach 18k or maybe more/less.
- Then we can expect a big pull back.
This is just a idea, do not take my words too seriously.
Let's use this post to talk about the BTC future and the reasons behind your ideas.
"LONG TERM" on BTCUSDUsing the information that Miracle Viewer gives me today would seem that the short interest of corporations does not tend to dampen on BTCUSD
On the part of the institutions, let alone, given that they have just started to sell so they will probably increase their shares of short in the coming months.
Trying to make a longer-term analysis on Bitcoin you notice that there are no big supports, the price went up too fast and without a break so there are no supports on which to base a price recovery.
The first support to offer a good support I could locate it around 17k usd
It will be appropriate to review the analysis in the next few days but this is my overall view at the moment and why I am accumulating short positions on BTCUSD
good trading at all.
This idea is based on a MMiracle viewer indicator below, in this page you can find a link to the free advisor Marketmiracle, that use MMiracle Viewer for generating signals.
Its been a while / BTC never sub 30KHey everyone,
18.4.2019 I´ve made a call to be seen below
It´s been a while since then and you can see how my prediction for - Big buy opportunity for the mid/long term is doing.
I´ve tried to take your focus on big RSI individual cycles as well as peaks and lows in way of FEAR & GREED back in there and I think its a good time to revisit that older idea since 2 years passed. This is for me actually a mid-term investment. **You need to know the difference
** ( INVESTMENT !! Not TRADE! Mid-term TRADE I would consider 3-30 days based on the market situation as well as other factors like margin/leverage, traders TA knowledge, R:R setup etc.
Playing cycles big as 5-10 Years are long term investments for me and they usually pay 98% of the time
but 4 Years cycles are good one too (Halving tip) to be seen on MACD
remember!
Patience is the key but having a good R:R plan is must-have!
Now PAY attention
That same FEAR and GREED strategy signals are to be seen on lower timeframes as well
I literally called a perfect pre Bull cycle bottom based of the same on 2D chart
If you pay attention longer time on the two images aboove then you might realize how powerful the market sentiment and cycle reading is for investing before you go to trade with a little portion of your investment portfolio into trade with leverage and highers risks increasing based on your skill growth
Now when you're more skilled if you are able to put two different technical methodologies into one idea like RSI divergences (GREED/FEER cycles) + VOLUME + MOVING AVERAGES + FRACTALS etc.
Then you can be more confident of your R:R Plan and keep calm holding investments for a longer period of time even if noise pump and dumps happen on the way
FRACTAL
VOLUME + MAs below
Wise to take some profits if you jumped at the time of previous call into the game but after such gains its also smart to keep some gains rolling for a longer period of time in the longer cycle
I personally think that we will not see Bitcoin sub 30K in next 5 years & that push towards and over 100K is yet to come within this year
Bitcoin = superior digital GOLD --- supply & demand !!
*Interesting fact
approx. 3M of Total 21M Bitcoin is allready lost forever.
ChaChain
-------------
Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
The last time Bitcoin did this...Back in early October 2020, BTC broke back above the daily moving average ribbons at $11,000 and signalled the beginning of the bull run. After a growth of 500% in the BTC price, BTC tops out and breaks back below the Daily Ribbons.
If we close today's daily candle above $56,600, and BTC goes on another 500% increase, that's will bring a price target of $340,000 for 1 BTC .....
Probably the last leg up in this market cycle !!! BTC is almost mirroring its 2013 market cycle and going by that I'm expecting prices to top out between 75k to 85k and fib retracement always indicates those prices extending to about 80k USD if we lay the 0.236 extension on the top of the rally (4/9/2018) before BTC capitulation in December 2018.
Expecting BTC to bottom out between 10 to 14k USD in the next bear market.
I expect BTC to reach 1,000,000$+ in the next market cycle.
#DYOR
#This is not investment advise!!!