GOLD Breakdown this cup and handle pattern!#GOLD TECHNECAL ANALYSIS
GOLD marked this cup and handle pattern, according to the pattern we can expect 20% bounce,
basic info
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
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Btcusdtlong
BTC Back on Monday March 13th, BTC formed a new trend line where it created a descending triangle off of. Exactly two weeks since, BTC has completed the same structure, and has came down to touch the same trend line. Equal lows were formed both times and the bottom was market after it had a 3rd equal low (sweeping the lows by a hair). The third equal low just happened to be a retest after breaking out of the descending trend line. This area is known as the APEX. These areas hold all of the liquidity and are high probability setups.
BTC, Laught now, Cry laterBTC last correction is ending, next is heading to negative value
As we can see, comparing to oil chart during the covid crash, when in extreme market conditions, too much "dumb money" on same side, sharks take use of that to make big money while all the dumb money bets on the same side.
100k+ calls are a good example of the dumb money here in this market conditions when DXY is preparing a next leg to the upside.
I expect same conditions as it happened on oil during 2020, more the price falls, more longs will be added to the market, market will get irrational and drop as much as it needs to get all longs out, bellow 0 is a good number to get everyone out of longs
A good trade now, a short at any price, SL placed above 30k
And TP bellow 10k
Check previous charts as I predicted euro crash before it happened as well during 2021
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
2 possible options:
Through consolidation or through a small correction to the 25-26k zone, I am still waiting for the final move up to the 31-33k zone, where I will sell what I bought at 18k
Good luck everyone!
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Open to any questions and suggestions.
Million challenge: Buy BTC @27K
In the short term, the rise of Bitcoin has been hindered and there has been a slight correction as the upward pressure is capped at 28,500. It has been emphasized in previous articles that 25K has become a short-term bottom, and the operation still considers buying on dips as the main strategy, with a target of 30K in mind.
I have already started a million-dollar challenge, where I will operate an account and aim to earn a profit of 10 million within a month. A viewing account will be provided to allow everyone to experience how large capital positions can generate profits in the market. Let's witness it together!
BTCUSDT likely to head towards 28250The price hit the daily resistance and bounced from there. It is trading currently above the daily support as well as a smaller time frame resistance. By looking at the price action and the setup it seems a long is favorable here if the price can trade above this resistance for the current 4h candle. If that happens, the target should be the next resistance around 28225.
BTC BTC and every crypto, stock, or forex pair you will see just constantly repeats itself.
All of these similarities are simply undeniable. If you dont trust yourself, you can at least trust recent data and evidence.
All the algorithms stay the same, the structures are coded into the market before they occur. Their algorithms only work if they are consistent (repetitive).
📈BTC analysis near release of PMI data📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Bitcoin analytical series S01E09(UPDATE)
Hello traders, don't forget to risk-free your positions.
Long targets ----> above Green lines.
Short targets ----> below Green lines.
Please share ideas and leave a comment,
Let me know what's your idea.
CrazyS✌
BTCUSDT to attempt again towards weekly resistance around 29500+The price moved up and reached to the recent high and now trading in 4h support zone. It seems there should be another push and that should target to the weekly resistance zone. A long is favorable here and we should target to 29500-29900 zone.
📈BTC scenarios during FOMC decision📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Bitcoin analytical series S01E09
Hello traders, don't forget to risk-free your positions.
Long targets ----> above Green lines.
Short targets ----> below Green lines.
Please share ideas and leave a comment,
Let me know what's your idea.
CrazyS✌
Yellow Brick Road Gold & Orange brick road Bitcoin Through-out the history of finance time decay happens, people forget its human nature.
Federal funds climbs the wall, people panic followed by entering the market causing a return to normal, everything is fine this time is different.
Whats that? the Federal funds start to fall faster than the Berlin wall, this is good right, cheaper effective cash.
As the layoffs rise, the inflation falls, as inflation falls governments can't generate income taxing deflation.
Easy money starts to flow as rates continue to fall, SPY must rise tall!, continues to fall, follow the yellow brick road with Gold, follow the orange brick road with Bitcoin.
Yellow rises fast, orange even faster and more violently! which asset will declare victory?
When the wizard drops the rates, be careful shorting Bitcoin and Gold sometimes reality is hard to understand.
\\ Signing off
Projecting Bitcoin to $6,400,000 million (10.496 trillion VOL)
Working on creating an accurate model to project Bitcoins future movement, this would not include a market-cap its irrelevant, almost like me giving you a map to the treasure with an X without the path? what would be the point.
To make this simply take the daily FX volume averages from reports saying this can hit $6 trillion per day of transactional volume
Bitcoin as of the last weeks does somewhere around $41 billion of volume in USD per day yes that is 146.34 x smaller than just the FX currency market, not including bonds, equities, other assets.
Take the network price of 1 Bitcoin giving us $11,679 at around just under half the 41 billion you start to see the volume of money on the network is what drives the Bitcoin price.
Next we take the model and expand you start to see even at 5.2 trillion of volume we would hit a Bitcoin pricing the network at 3.2 million, and this would be assuming that the same circulating supply is the same for the next 10 years. The supply will likely reduce and be held offline reducing the daily traded BTC volume on average in the last years adding a multiplier to the Bitcoin valuation, something impossible to try to predict a nation state could turn around today and purchase 500,000 and keep them offline at a moments notice.
Instead of looking at the value of 1 Bitcoin $25,000 is expensive because you're looking at $25,000 nobody who owns gold jewellery knows the price of a 1kg gold bar or cares about the value.
A Bitcoin price of 6.4 million seems too expensive ? when in reality if Bitcoin captures international trade in multiple assets its not even the start of where it could go.
458,495.00 USD is the price of a single Berkshire Hathaway share, yet a share of Nike is 121.10 USD many people can own a share of Nike not many can own a share of Berkshire.
Reference 1 share of Berkshire in 1984 was $1,280 - $1,280 in 1984 is worth $3,685.64 today.