Btcusdbullish
2022 to 2026 Bitcoin Market Cycle?Obviously, I don't have a crystal ball, however, just for fun I have estimated what the timing of this current market cycle may look like. I haven't made any predictions on the chart as far as the peak price or the price of the next bottom. Although, if the trend of diminishing returns continues I would expect a peak between $80k and $90k. If that trend is broken a peak between $100k and $200k is likely.
What I have done on this chart is laid out the dates when each event may occur. I estimated the dates based off of the average elapsed times between the events from the last two market cycles. In doing this, I am making a big assumption that this market cycle will follow the timing of the last two cycles. So far this assumption appears to be correct. The estimated elapsed time from the bear market bottom on November 21st 2022 to the upcoming halving on April 18th will be 515 days. That is very close to the elapsed times from the last two cycles (542 and 513 days).
But, that doesn't mean that the elapsed times between the remaining events will closely match the past cycles. One recent event that could very possibly alter Bitcoins market cycle is the approval of 11 Bitcoin spot ETFs on January 10th 2024. Bitcoin futures ETFs have been around for seveal years but they differ from a spot ETF. A Bitcoin futures ETF holds Bitcoin futures contracts to get exposure to the price of Bitcoin. A Bitcoin spot ETF buys actual Bitcoin which is then held by a custodian in a secure digital wallet.
As we all know the amount of available Bitcoin is finite, and with the upcoming halving each block will produce half as much (3.125 per block mined). The approval of the spot Bitcoin ETFs will dramatically widen access to the world’s largest cryptocurrency for not only institutional investors but also retail investors. This additional demand for Bitcoin could very well exacerbate the already tight market supply driving up the price faster than previous cycles.
Only time will tell how this current market cycle will play out. It will be interesting to use these estimated event dates to gauge how this cycle compares to the previous cycles. If we see Bitcoin hit a new all-time high well before the estimated date it could mean that we could see a left translated cycle. However, it could also mean that the additional demand from the ETFs will drive the price of BTC to levels beyond what most analysts believe is possible.
Bitcoin → Broke Weekly Resistance! On to $46,000!? Let's Answer.Bitcoin has broken Weekly Resistance at $38,000 and raced to the top of the bull channel around $42,500. Now that the move seems to have played out, what is the next trade?
How do we trade this? 🤔
If you're not already in a long, Do Not Enter the market. We're too close to the bull channel resistance, we haven't tested the previous Weekly Resistance as Support, RSI is over 76.00 and far above the Moving Average. We should remain bullish given the macro trend and that the top of the 2021 Trading Range at $46,000 is at the proposed Measured Move target.
Best to wait for a pullback and find support again, likely around $40,000 at Bull Channel support. A bull signal bar and confirmation candle will give us the necessary probability to enter a 1:2 Risk/Reward Ratio Long.
💡 Trade Idea 💡
Long Entry: $40,700
🟥 Stop Loss: $38,500
✅ Take Profit: $45,100
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Breakout from Previous High Support!
2. Bull Channel, Bias to Long.
3. Weekly Resistance Broken! Possible Measured Move Up.
4. $46,000 Measured Move Lines Up With Lifetime Resistance.
5. RSI over 76.00, Bias to Short for the short-term.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
Bitcoin Halving's Impact AnalysisBitcoin Halving Cycles Performance (Pre/Post 1 year performance)
Halving's Pre/Post year Performance:
1. 26th Nov 2012 - Pre 416% / Post 7715%
2. 9th July 2016 - Pre 110% / Post 283% (The full move including after the 24 month period was c.955%)
3. 11th May 2020 - Pre 76% / Post 423%
4. 27th April 2024 - Pre 50% / Post 200%
Pre Summary (from H2) - 110% - 76% - 50% prediction (reducing by c.25% each halving).
Post Summary (from H2) - 955% - 423% - 200% prediction (reduces by c. 50% each halving)
You can see the pattern in the reduced returns in each halving. The pre halving returns typically reduce by 25% a halving and the post halving returns reduce by 100% per halving. We ignore the first having as it was exponential introductory growth of the asset.
Important Dates are 27th April 2024 (halving date). Good place to skim or wait for a pullback). Also the date of 25th April 2025. This is a softer date, a take profit early date potentially, most cycles have ended in Q4 of the given year thus some chips should be left on the table post April 2025 depending on the continued performance up to that point.
Always a pleasure, I hope its been insightful
Puka
BITCOIN YEARLY GRAPHBitcoin Yearly Graph:
Bitcoin exhibits a distinctive yearly pattern, characterized by three years of a bullish cycle followed by one year of a bearish cycle. The ongoing year has followed this trend, indicating a bullish phase. If historical patterns persist, the next two years could potentially be bullish for Bitcoin.
2012- Bullish (330%)
2013- Bullish (8900%)
2014- Bearish (-70%)
2015- Bullish (220%)
2016- Bullish (170%)
2017- Bullish (2500%)
2018- Bearish (-82%)
2019- Bullish (330%)
2020- Bullish (656%)
2021- Bullish (150%)
2022- Bearish (-70%)
2023- Bullish (177%)
2024- Bullish???
2025- Bullish???
Are you ready for the upcoming bull run?
BTCUSDHey there i am memo here i am sharing the Wyckoff distribution method which i noticed on 15 minutes
which is inside of ( large distribution phase C, ( UTAD ) on daily timeframe )
remember that this target is based on shorter timeframe but because of large distribution method i could see a Huge crash in Bitcoin
BTCUSDT : the drunk elephanthi all,
once again BTC is moving after ranging for so long. But for how long,
Well nobody knows. But here it is presenting a trade setup for the short in coming weeks.
at the moment RSI is above 50, MACD is bullish. BTCUSDT broke out of 2700 USDT resistance mark and to remain bullish (technically) it needs to sustain the price move above 27000.
therefore, looking at the historical October performance and bullish RSI & MACD it looks like that it is going to test the next resistance at 30000 (Also a round number with psychological importance).
Therefore, I am looking to make a short with two entries one at 29500 USDT and second at 31000 USDT.
well, for the moment looking forward to enjoy uptober and some short term bullishness across the market before the final fall (hopefully).
see you guys on other side.
📈Bitcoin looking for a retest, 32K then 35K📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders, after a break, I'm back with my daily analyses of the cryptocurrency and forex market.
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BTC trading signal analysis
Just like the analysis I gave you earlier, we successfully achieved our expected profit target in the last trading cycle.
The current trend of the market is relatively stable. I judge that there will not be much volatility in the short term. Friends who have already made a profit in the last trading signal can consider choosing to short at the right point.
Specific trading strategies:
BTC:sell@27500-27600 TP26600-26400
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. If you need signals, join me as soon as possible!
BTC/USDT BinanceBTC/USDT Binance
4H hollow candlesticks
Since mid-March, a sideways movement continues between $25860 and $31000 as an All-Time High (ATH).
In the present phase, a symmetrical triangle has been formed, where a price breakout is expected soon.
The Support area occurs from the extension of the golden ratio of the last Fibonacci retracement.
The Resistance area occurs, if we reverse the golden ratio of extension of the Fibonacci retracement starting from 15/03/2023.
Another conclusion, is that the price is expected to fluctuate within the Descending triangle that has been formed since 06/05/2023, until the price breakout occurs.
Finally, a hypothetical scenario is that the price may follow the slightly resized footprint (Bar Pattern), of a previous price movement (fractal).
Bitcoin (BTC) = $26,928.54 -0.54% (1d)
Market Cap: $1,126,847,982,844
24h Vol: $30,866,809,616
Dominance:
BTC: 46.3%
ETH: 19.4%
Good Luck
#CryptoHellas Team
BTC: Keep going long, target 30K
BTC has been running around 27K recently, although affected by the news, the market has ushered in a fall, but the support of 25.8K below is very obvious, personal advice, before the market has not fallen below 25.8K, always maintain a long idea, any decline is a better buying opportunity.
Personal operation strategy: btc buy@27-27.2K tp: 28-29-30K
Fifteen years of trading experience, trading signal accuracy rate is as high as 95%, I will share more trading signals to help you make profits!
BTC: Go long first, then short
BTC3h chart, double-top pattern, this pattern usually means a decline in the market, and the larger the level of the chart, the greater the decline. The important resistance is around 28,000 and the support is around 27,200, but the current pattern is a double-top, so I think it will fall below The probability of support is extremely high, so my trading point of view is to short.
Trading Signals:
buy: 27500-27400
tp: 27950
sl: 27100
sell: 27900-28000
tp:26700
sl:27200
Traders, I hope my signals can bring you profits, if you like my views, please support me and follow me!