Bullmarket2021
BULL MARKET?? 1ST BULLISH CONFIRMATION!!Folks,
For me a total market being traded above the 200 day MA is Bullish and is being traded in a BULL market.
So the crypto has broken the 50 day MA and confirmed it. Very important point!
We are now ranging between the 200 day MA and the 50 day MA.
We have rejected the breakout of the 200 day MA once. but if you look closer on the 4 hour chart you see price accumulating to fight this resistance line again, soon!
So fasten your seatbelts and be ready for a nice and heavy ride!
HNT Technical AnalysisHNT has been strong even when BTC dropped.
This technical analysis looks at previous bull trends to predict the price at the end of 2021 summer.
I'm using the fibonnacci retracement tool, as well as trendlines and APEX.
Let me know what you think.
Bitcoin huge dump, what to look for?As you can see on the Chart there are 2 key levels:
200 EMA (Important moving average)
and 20 / 21 EMA (Bull market indicator)
On the daily we wanna see a close above the 200 EMA in the very short term, but on the weekly we HAVE to close above the 21/20 EMA.
What caused this dump? A combination of things.
A well coordinated dump with alot of FUD (Fear uncertainty doubt) and the avarage retail investors panic selling with weak hands.
Also a large amount of liquidations as we NEVER seen before.
So you might be thinking: Are we still in a bull market? Should we sell? Hodl?
The answer to that question is fundamentally Bitcoin hasn't lossed value although the dollar value decreased. The value of the asset is still very high.
Personally there is no need to panic even though some of us portfolio's are down massive.
So are you in it for the long run and for the believe in crypto? Or you just here to make quick money?
[UPDATE BTC] NOTHING UNTIL JULY AND THEN WE GROWAFTER THIS TEXTBOOK MANIPULATION, I EXPECT MODERATE CONSOLIDATION FOR 1-2 MONTHS AND THEN WE START MOVE UP.
EVERYONE IS EXPECTING A BEAR MARKET. HOWEVER, THAT'S WHAT THEY WANT, EXTREME FEAR.
IT'S A TEXTBOOK EXECUTION OF AN INTENTIONAL DECEPTIVE CAMPAIGN TO TAKE MONEY FROM UN-INFORMED INVESTORS AND SHIT COINERS.
CRITICAL MOMENT FOR BITCOINBitcoin is at a critical moment of this bull market flirting with the 20W SMA. The last time it touched this critical support was in September 2020, where it kicked of the bull market by holding it as support. If we see a weekly close below the 20W SMA, we could see a lack of confidence in the altcoin market and potentially short-term capitulation. Otherwise, in case of a bounce, we could potentially see a relatively quick Bitcoin surge to the 60K range and test this critical resistance level.
Finally broke the 8 EMA Weekly, This is the end?Well, finally the 8 EMA couldnt support the price anymore, so, What history tells us?
In the last bullcycle, when we broke the 8 EMA we had a red week and goes down to touch the EMA20 and then goes up again, lets see if this cycle works in the same way!
🚀 Crypto Goes PublicThose that joined the crypto space a few years ago may remember the first puzzle they faced.
Where should I buy cryptocurrencies? Hacks, scams, downtimes, and poor user experience were a real pain. Those that recently started their crypto-journey don't have as much to worry about. Prominent players gained a solid reputation for offering safe and easy options.
Coinbase is undoubtedly one of them, and yesterday they offered cryptocurrencies a privileged spotlight when they got listed on the NASDAQ, a US stock exchange. Crypto officially meets Wallstreet .
In 2020, Institutional investors made news announcing their interest in cryptocurrencies, and now the traditional financial market values one of the main crypto-players at $100 billion. At such a high valuation, the total market capitalization of all cryptocurrencies (Bitcoin included!) all of a sudden seems cheap.
Looking at the chart of the total crypto market, it's clear how things are heating up. Prices have been rising steadily since March 2020 on growing volume. The smaller channel, starting from February, now looks like a consolidation after the sharp gains in January that led valuations to double.
A new breakout here would signal a new wave of likely stronger FOMO. But watch out to manage your risk and gradually take profit on the way up. The faster is the growth, the more the downside risk will increase!
Take profit or wait?According to this indicator, we are not in the red dangerous zone. Probably we'll see in the future if this indicator is reliable, meantime smart traders start to take profit maybe with a small/medium part of their mid-term holding (from 30 to 50%) leaving the other part on trailing stop.
Bitcoin Market Cycles vs Wall St Cheat SheetTotal speculation for fun only.
The Crypto community is definitely at the belief stage with the recent break out.
Talks of the being a distributional structure are going around. Personally I do not see that myself. I am seeing an accumulative structure. Reasons why?
1. Lack of supply. Record amounts of BTC is being taken off exchanges and liquidity reserves held on exchange wallets has fallen off a cliff. You can view the data on Glassnode and Crytpoquant.
2. Repeated shake out / liquidity events. Institutions are constantly pushing price down in order to accumulate at lower prices. These sell of events are not sustained and absorption happens very quickly hence the lack of continuation to the downside.
3. Every Tom, Dick and Harry has not jumped on the Bitcoin or Alt coin train yet. Retail is here and coming in steady numbers ... but when your mom tells you that your cousin just bought some Polkadot and they sent a message for you to perhaps invest in Etherum too then you know its time to get out :)
Take it with a pinch of salt although I do see some substance in it.
I am conducting deeper technical analysis on a daily basis if you wish to follow or have questions let me know :)
Entire Bull Market XRP - Hyperwave EWA entire macro view of the Entire bull market - provided there is only 1 alt season and no utility season - calculated using Elliot wave and Fibonacci ratios.
So far we have seen XRP rally up to 72c and then crash back down to 17c, marking Hyperwave 1 and 2. I believe we are currently in wave 3 of Hyperwave 3. The peak of this wave should end at around $4.20. A retrace of approx 60-70% could take us from $4.20 back down to $1.50-ish before the final wave up to $13. Marking the end of Alt season 2021.
Note: Last alt season in 2017, we had 2 alt seasons. If this happens again, we could go even higher.
🚀Is this April Fools' Day?If I told you that the real Altseason is not even started, the first thing that would cross your mind would definitely be, "that must be an April fool!" .
This idea is quite fascinating, as already many coins on the market trade at all-time high value during this Bull Market. It's hard to imagine that most of the upside is still ahead of us. Yet, if the picture that this chart depicts unfold to be accurate, Altcoins could have a lot to run in the coming months.
According to Bitcoin's dominance, the Altcoin market looks still undervalued compared to Bitcoin. Add now that April is historically a positive month for crypto to the equation, and the result may be explosive.
There are at least two elements that could provide solid support to this thesis. Bitcoin rebounded strongly from the recent drops, and it's now trading just below a key resistance that, if broken, would push it straight into new price discovery. On top of that, some large-cap coins still have plenty of room to catch up with Bitcoin. See Ethereum, Zcash, and Litecoin, among the most notable cases.
If you took some profits recently, that was a reasonable choice that led you to have the liquidity to accumulate those coins that didn't pump yet. These coins will likely outperform Bitcoin in the short term, allowing you to compound more Bitcoin in the future. As long as Bitcoin's dominance remains below 60, buying the dip strategies offers the best risk-reward profile. But never forget to manage your risk.
It's April's fool week, after all!
26x Possible in One Year ? GVT/BTC #GenesisVision #GVT $GVTHere we see our GVT weekly chart and after that massive downside during the bearmarket it could be looking up now. You see there is a massive Ichimoku cloud above us ( the top of which is 13500 sats .) That's 13x up from where we are now - 13 times ! That's already a good result but let's look at the fibs to see other possible targets . Our fib targets on the way up could go like this =
10300 - that's our .236 fib
13500 - that's our top of cloud target , remember
16500 - that's our .382 fib
21400 - that's our .5 fib
26400 - that's our .618 fib
that last one is about 26 times up from where we are now , but that could take a year to get there . In my opinion that might be possible in early 2022 if the Bullmarket carries this up .
Bitcoin $122,000 - $146,000 This chart is an idea that shows the possibility of a target for the current bitcoin bull market, the green triangle highlights an area with a one-year time window from 21st of February 2021 to 21st of February 2022, this means the bitcoin value might reach this area between that range of time.
Tool: Fibonacci channel
If you find this idea interesting, you might give me a thumbs up, share it with others, or leave a comment.
Happy bitcoin bull market and HODL
Thanks in advance.