Bitcoin is going down hard and fast❗️❗️Attention Please: New downtrend started , do not attemp to rekt yourself by longing
🔻BTC/3H,So After we exited our rising broadening wedge we came down to the light yellow line which its left side is the TOP of the left shoulder
Three possibilities :
First(Number 1 on chart):A pennant forming here ( two white lines ) and after that another leg down around ~20506 then bounces back and retest the top of the light (yellow line) and consolidate there untill next wick
Second(Number 2 on chart):consolidation here following a retest towards the dotted yellow line and then slam it down below 20K today .
Third(Number 3 on chart): its gonna crawl up today and grab liquidation cluster untill 23K and consolidate there.
The orange rectangles showing when Bears started to take control of market.On daily u can clearly see bears are just entering the party and bigger RED candles yet to come
There is also a head and shoulder in play that you can check from the related idea
Btcprediction
Bitcoin road to 33 000 BITSTAMP:BTCUSD
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Possible Targets and explanation idea
➡️ Everything going according by my global 2023 plan for BTC what i’ve posted here in December 2022
➡️ We got uptrend line since covid dump
➡️ We retested downtrend line with FTX crash
➡️ Now we can see impulse-correction-impulse. Second impulse to test uptrend line and I think first rejection in April
➡️ All FOMC rate already included in price. Recession is only one things what not included, so we can see dump
➡️ After rejection at trend line and full fill of 3 month FVG we can drop by end of summer to 20K to find a support
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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$450k #BTC Long 23/25 Predicition#BTC WILL hit $450k by 2025, and correct '85% Draw Down' (in 25/26) to the 2021 ATH ($69k).
(450,000 - 85% = 67,500)
$450k BTC is a 45x from $10k.
$1,000 = $100,000 (2025)
==== 85 % Draw Down Narrative (Bearish - $10.3k - $14.6k)
If you believe the '85% Draw Down' Narrative, its time to park your cash on go on vacation.
Good luck catching wicks!
Follow Thread:
==== 75% Draw Down Narrative (Bullish $23k Rally)
- BTC Decoupled from the DJI this month.
- There is a potential rally to $23k (Catch up to DJI?)
BTC could be in a mid cycle bull run and in a corrective 75% draw down phase.
BTC is floating between 74% to 77% as of today.
If BTC is in mid cycle, BTC will NEED TO:
Break the $17.5k resistance, and the $18.6k Resistance for a short bull run to $23.8k
IF $23.8k resistance is broken, the 75% Draw Down narrative is in play, and the $10k -$14k BTC holders willbe left waiting for the dip.
IF $23.8k fails, $14.6k BTC in route, 85% Draw Down is in play.
==== As of todays date, BTC is on a Knifes edge waiting for a decision.
Personally, im Bearish waiting for the 85% Draw Down narrative. If BTC hits $19k, im in for the short to $23k.
BTC 75% Draw Down Cycle:
Something Interesting with Bitcoin Halvings (Future Prediction)Hey all,
Thought we'd share with you our predictions for the price of Bitcoin over the next year or 3.. :)
We've loaded a logarithmic chart up with over a decade of BTCUSD data, plotted some lines and drawn some rather interesting conclusions. As you can see the price fits into an ever-decelerating *almost* parallel curved trend channel, that leads us a potential first conclusion -
Will the price of Bitcoin hit it's absolute top at some time in 2025 at around the $130,000 mark?
I know, the trend lines aren't exactly perfect, and the price fitting isn't spot-on either, but it sure is an interesting concept, and, if so, would the price thereafter start to actually decline with a downward curved channel, and how far, for how long? Many questions! What do you think?
But that's not what I came to tell you about today - I've gone ahead and plotted the dates of the last few Bitcoin halving events, and the upcoming date of the next halving in April 2024. BTC has been hitting new All-Time-Highs around a year or two after the previous halving, followed by an extended period of consolidation until the next halving, when the price has, historically, taken off "to the moon" once again.
This is not necessarily news to anyone, it's common knowledge if you've been in the crypto arena for a short while. But here's where things could be considered interesting -
The All Time High price of Bitcoin has historically dropped around 50% by the next halving
Looking at the current chart of BTCUSD you can see that it's pretty clear we've hit that ATH during this 4-year cycle already, it does look a little different in that it double-topped this time around, and hasn't behaved like that before, but markets do interesting and unpredictable things all the time, right!?
Given what we've discussed already and assuming that history does indeed repeat itself, it seems pretty safe to suggest that Bitcoin will indeed drop further from where it's currently sat, it has to tickle that lower trend line before it can move on up in price toward the next halving event.
It looks like BTC could touch $12,000 before the ascent to $36,000 by April 2024
Yep, I said it. Another 25% wiped off the price of BTC before it starts to rise again. This is obviously speculation, but speculation based on repetitive historical data nonetheless! Like I said previously, the trend lines aren't perfect, and the price fit isn't perfect either, in early 2019 the price dropped somewhat but did not touch that lower trend line, and it may well be the case again this time around.
But one thing seems pretty clear, the price of Bitcoin has already hit it's ATH during this 4-year cycle, and even if it can go above the predicted halving price of $36,000 before April 2024, it probably won't be by much, and it will return to this price by April 2024 to greet it's halving at a price of half it's most recent ATH.
After that, to the moon? Well, almost certainly upward given history, almost certainly above $100,000 too - it might take a year to reach these prices after the 4th halving. But just how much further can the price of BTC really go?
Let us know what you think below
Bitcoin monitored - Following FTX crash BITCOIN TRANSFER: BINANCE WORRIED AND EXPLAINS ITSELF
Investors are on edge.In a tweet dated November 28, Whale Alert reported the transfer of 127,531 BTC, worth more than $2 billion, from one wallet to an anonymous one. In today's environment, such a large transfer from the world's largest crypto-currency exchange is enough to raise questions for the community. It will need the intervention of Changpeng Zhao, to quell the fear.
The CEO of Binance, which runs the Whale Alert tweet, explained that this transaction will be part of the reserve audit proof. To verify whether Binance actually controls the wallet involved, he reportedly asked the crypto exchange "to send us a specific amount."
Binance is the owner of the two wallets involved in the transaction. It had to make this transfer to demonstrate, in a transparent way, that it had full control over the assets it owned, and that the company could move such a large amount of Bitcoin without the transfer penalizing it from an operational standpoint.
PROOF OF RESERVES: A REALLY USEFUL DEVICE?
After the FTX collapse, crypto exchanges tried to help their customers, including issuing proof of reserves, to prove that platform users' funds are safe. On Dec. 25, Binance announced the launch of a proof-of-reserve system using Merkle for Bitcoin. However, this proof, which should theoretically improve the transparency of cryptocurrency exchanges, is not convincing to everyone in the industry. In his November 25 tweet, former CEO Jesse Powell thus criticized the device, pointing out that it is not a proof of stock and is "either ignorant or a deliberate misrepresentation of reality."
He had harsh words for the tree that did not allow for the necessary checks to ensure transparency without an auditor to ensure that no negative balances were entered. Jesse Powell also pointed out that "the asset statement is useless without the liabilities. To appease the FUD launch, Changpeng Zhao owes his social media posts to the Binance anomaly.
It will be some time before crypto exchanges fail to regain a modicum of trust from their users.
Reserved proof is a tool to achieve this goal, but it still has limitations that affect its effectiveness.
BITCOIN CONTINUES ITS FALL
The king of cryptocurrencies is weak, marking a new low in this complicated context :
Despite the recent new low, the situation remains the same. The $19,000 level will be critical, it has not yet been tested as resistance. If the price gets rejected at this level, the price could fall to the next support at $11,500 . On the other hand, if buyers manage to climb back to $19,000 and break through the trendline, a recovery is possible. Moreover, the institutional trend is down and could each act as a dynamic resistance in the coming days. For now, the price of Bitcoin is bearish.
The momentum is very strong. The stochastic index continues to move above the June low, while the price has dropped to the low. The current movement may just be a deviation. To confirm this, we will have to take back the $19,000 as support.
Since mid-October, the whales have strongly pulled the trigger. These players had been distributing since the beginning of 2021, they have started to change their behavior since May 2022. This does not mean that the price will go back up quickly, but it is interesting to study the behavior of large portfolios.
BTC -MACRO LOOK- POTENTIAL DROP TO 20KHey guys. Hope everyone is doing well. Not much explaining needed for this chart as it's just DATA and I thought it was interesting so I wanted to share. This is a MACRO CHART covering a timeframe of 10 Years
I've noticed every time the yellow crosses below the green, BTC HAS ALWAYS dropped to around the 150W SMA! A DROP seems to always happen right before the yellow 50HMA makes an ATTEMPT to cross back above the green 20EMA...
HOWEVER, NOTICE THAT THIS TIME THE YELLOW LINE TECHNICALLY CROSSED BACK ABOVE THE GREEN JUST A VERY LITTLE BIT BUT THE PRICE HAS FALLEN BELOW BOTH RECENTLY (hopefully that made sense lol)
WILL HISTORY REPEAT/RHYME?
I will say the only potentially good thing BTC has going for it right now (as far as technical analysis) is the fact that YET AGAIN, BTC is making another CME GAP over the weekend just like the last two weekends. This one is OPPOSITE from the last two weekends because to FILL THE GAP, BTC PRICE WOULD NEED TO INCREASE, where as the LAST TWO weekends created CME GAPS which were both filled by BTC price dropping.
**This is NOT financial advice. Please do your own research before investing or trading**
BTC - URGENT STATISTICAL WARNINGHello everyone! I haven't published charts on TradingView for a while BUT I am considering starting up again. What do you guys think?
Hope everyone is doing well through this bear market. Unfortunately, I have some more bearish analysis for you here but these indicators have been VERY STRONG in my experience and as you can see on the chart.
This chart uses the Breadth & Volume indicator which has become one of my favorite, go-to, indicators for signals lately.
This is a BTCUSD DAILY chart so these signals are typically stronger than smaller timeframes and the Daily chart also carries more weight than smaller timeframes as well.
This is a VERY SELF EXPLANATORY chart. I took a lot of time to make it as easy as possible to understand because I feel this signal is very important.
I have back-tested this signal over the last 16 months as you can see on the chart here. This signal has flashed just 5 times over the last 16 months (actually 6 because 2 of them are connected but I count that as 1)
THE ACTUAL SIGNAL WE'RE TALKING ABOUT HERE is "BEARISH DIVERGENCE" on the B&V INDICATOR. (Represented by RED LINES on the B&V indicator)
I marked all of the signals with vertical lines and a yellow oval around the actual signal itself.
If you look at all the signals on the chart, they have ALL led to DOUBLE DIGIT DROPS! Not just that, but you can see that almost all of the drops started IMMEDIATELY after the signal flashed. There is ONE exception shown on the chart in the GREEN CALLOUT LABEL where BTC price increased by about 6% BEFORE dropping.
The AVERAGE DROP is greater than 27% and the average timeframe is 34.4 days. Notice one of the drops took over 70 days while one took just 5 or so but most seem to be between 20-30 days.
Based off of this powerful signal, I think going "SHORT" is the way to go. As you can see on the chart, If BTC were to fall 27.4% it would put the price just BELOW 15K. Also, 34.4 days from the signal is NOVEMBER 8th.
I hope you all use this information wisely. I'm happy to share it with you.
Please LIKE, COMMENT, SHARE and FOLLOW me for more analysis!
Until next time, Take care.
Bitcoin Road Map 2022-2024 Details Part 1I don't want to make this too long - So simply put - There is a precise repeating pattern related to the 2.414 & 2.618 FIBS when the retracement is pulled from the bottom of the last upward test in price move to the top of the price move before the fall to the bear market low that immediately follows. The bear market bottom has pivoted at it's lowest point exactly between the 2.414 & the 2.618. Hitting at least the 2.414 and sometimes coming close to the 2.618. In addition to this predictive anomaly, there is also the exact confluence with the extension FIBs pulled from each previous bull market ATH down to the bear market bottom - when this is done accurately, the 1.618 FIB falls dead between the 2.414 & 2.618. This anomaly has repeated since the inception of Bitcoin. The only deviation is in the current cycle - It is found in the fact that the FIBS have strangely inverted because the recent ATH only reached the 1.618 on a Logarithmic chart opposed to the bear market low target resting ON TOP of this same 1.618 FIB in the past 3 cycles..the current cycle is poised to LAND on top of the 0.618. Regardless, it is still confluent with a 618 mark. The current bear market cycle target when using this same predictive application puts the upcoming bear market bottom price around $10,000. I should note that depending on how you set your FIB levels (at the open of a candle or the close of another etc etc) this can change the price target by a small degree, but basically it will be in the same ballpark. Please ask if you have any questions at all - I am very happy to answer.
Making a million - stage 2!To make sure the project has order, it would be wise to dedicate a page for each stage of the project. Stage 2 is now in action: trading within a range of 600-1,500 USD. Accordingly, I will provide my TA on this page with entry and exit points until I move to the next stage. Let's start!
Making a million - swing trading and scalping!The goal of the project is to make 1,000,000 USD from 320 USD on futures. Using trading strategies the project will show mechanisms and nuances of the real intraday and medium-term trading in maximising opportunities and making profit. Place your bets, gentlemen! )
Foreword
I received an email from one of my exchange accounts, which frankly speaking I have completely forgotten about, that 320 USD in commission has been credited to my account by my broker. I have not worked with this broker for a long time due to personal preferences, however, I decided not to withdraw such an insignificant amount and instead turn it into a million dollars by trading it on futures.
What is my incentive?
I made my fortune a long time ago in stocks and forex. When trading futures, I used 1:20 leverage and a hefty deposit, which offered a moderate risk. The incentive in this case for me is to make a million dollars using 1:100 leverage and a small deposit. The risk in this instance is much greater and the amount is less - this is my interest! I also continue to trade my main assets in my other accounts using a similar strategy, but with minimal risk and trading long term.
Trading strategy
My trading style is swing trading. However, in the accumulation and distribution phases I will resort to scalping using 15M. My forecast of price movement is based on various patterns and analysis of trend, candles, volumes, figures and divergences. I confirm my entry and exit points using signals from numerous indicators and oscillators.
The probability of an making error, however, may still be present. Whatever one may say - it is still a market with a degree of uncertainty! Therefore, a careful risk management policy will prevail.
Trading criteria
Leverage =1:100
Stop Out = 50.00%
Main instrument = BTC / USD.
Alternative secondary instruments: Forex, Metals, Oil , Indices,
Timeframes = 15M - 1D
Project management
Technical analyses (TA) will be published under the heading "Making a million". In my TA, I will publish strategies with entry and exit points and keep records of Profit & Loss (PNL). Weekly statement of my balance - will be provided on this page on Sundays. If you are interested in keeping up with the progress, then consider adding this page to your favorites!
The plan for deposit's growth is divided into 15 stages:
1. 320 - 600 USD
2. 600 - 1,500 USD
3. 1,500 - 3,000 USD
4. 3,000 - 6,000 USD
5. 6,000 - 10,000 USD
6. 10,000 - 15,000 USD
7. 15,000 - 25,000 USD
8. 25,000 - 41,000 USD
9. 41,000 - 65,000 USD
10. 65,000 - 100,000 USD
11. 100,000 - 150,000 USD
12. 150,000 - 250,000 USD
13. 250,000 - 400,000 USD
14. 400,000 - 600,000 USD
15. 600,000 USD - 1,000,000 USD
Goal's achievement
I cannot predict how long exactly it is going to take to achieve my goal as a lot will depend on the dynamics and volatility of the market for the selected instruments. To get to a successful outcome, balanced decisions with minimal risks would need to be made. Therefore, there is no reason to rush.
Your participation in the project
I invite you to take part in this project in terms of observers or users! It should be quite an educative rally. It would be good to get your feedback including ideas and comments about "Making a million" project. I am in favour of running a forum format in which you can discuss mutual topics adhering to professional etiquette.
Please note
By providing my technical analysis in my articles, I do not encourage anyone to trade according to my strategies, because risk management and leverage are individual in every single case. Please be aware!
A kind request
Please do not publish any charts or technical analysis on this specific page. This page was created solely for the purpose of the project' presentation and its weekly reporting.
Contacts
I will much appreciate if you do send any PMs! I'm a trader, not an oracle. In my individual articles, however, I will be glad to receive your comments and support! Please be constructive when making your argument to keep it more productive for everyone.
My official content - is on this site!
Profitable trades to you and good luck in trading!
Though I am not aware, it is possible that someone else has already done or is doing a similar project. In any instance, it does not matter. I am doing a personal project the way I see fit and that's the beauty of it!
Start of trading: 10 May 2022 ‐ insignificant trading
Deposit amount: 319.94 USD
An idea for the project: 17 July 2022
______________
3 August 2022 = 968.50 USD (start date of online project and active trading)
Bitcoin will TOP this year(2021).My thoughts on the current situation.
Bitcoin and the relationship between the bullmarket TOP and HALVING.
In the two previous cycles, the TOP of the entire growth cycle was exactly 820-850 days before the next HALVING.
Taking this into account, theoretically, we should reach TOP in December this year, and then go into
a downward trend and consolidations for the coming years.
It is worth noting that in the previous cycles, after reaching the peak(about 820-830 days before HALVING),
the distribution in the Descending Triangle formation began. In my opinion, it is likely that due to the global crisis,
the top of the current cycle was achieved much faster (64k in March) and currently we are already in distribution phase.
BTCUSDT Be careful, As I said , in the BTCUSDT chart analysis on July 23, the price can rise up to the 24300 range and start falling to around the price of 19k by forming a double-Top.
It will be in that price range that the chart should be updated to see if it is possible to reach the prices of 26k or 30k or not.
BTC BTC BTCprice action prediction
TAYOR
DYOR
Not a financial Advice
4 hrs chart seems continues break of structure.
if $BTC break my POI we can see a CHoCH and its downtrend.
and if $BTC respect my POI we can see a bounce back and might create another HH.
simple price analysis
Be careful and trade wisely.
always use stop loss and risk managment.
Dont chase the market,
Let the market come to you.
BTC prediction, 2-4 weeks outcome.If we go below 19k, it will hit the neckline and give us an idea that it's a possible Head and Shoulder.
But if BTC can recover up to 21,674 this week its a positive trend coming
If BTC falls then DCA @ 19,634 and 18,422 or worst 17,634 and 15,582
If BTC goes wild take profit @ 25,084-25,500 then buyback @ 23k level.
What's around the corner for BTC from Elliott & Wyckoff on 1D?!My TA on 1D is based on Elliott and Wyckoff pattern.
I did not include any indicators for this TA as at this time they do not show any confirmation for the price reversal. This may take a few days given today's drop. Therefore, there is no need to disregard a possibility of a price falling further down to around 40,300 USD or even to 33,500 USD. It may happen!
However, currently the price is bouncing off the local descending trend line in black colour and also off the blue colour line. The vertical volume shows divergence against price for the last 5 days (see the last 5 red candles). Along with its yesterday's longest red candle such action indicates a price reversal.
I will update this TA as price action moves along, so keep track of it!
BTC prediction for the next 2 weeksThis coming Friday BTC will test the Support on the 21.7k mark, It's time to DCA a little bit.
There is also a possibility for Head and Shoulder is setting up. Keep an eye on it. Cheers.. Overall I can see BTC will hovering around 25k-28k late month.
Conclusion:
Head and Shoulder
or
5-3-5-3 wave uptrend