ETH $2,200+ or $1,000ETH also printing similar to BTC. Following the momentum, FOMO, and the trend we have the possibility to break to the upside giving us a technical target of $2,200.
Immediate Buy Zones are
$1400
$1100
* Bearish patterns in the crypto market can quickly become bullish.
* Corrections of 30-60% will come if you are trading be prepared.
* Everyone is a genius in a bull market - while you are buying others are taking profit on 1,000+% gains. Keep this in mind the higher we rise.
Bullmarkets
Is it too late to long Bitcoin?Feeling late to the crypto party? Please friends keep in mind that less than 0.5% of the planet are long Bitcoin yet. As I have said, even on the terms of thinking generationally, we are still in the genesis.
As Lord Elon Musk himself stated recently, "There is a good chance crypto, is the future currency of earth."
My take as has been consistent through this whole bull market, is "nibble on dips and enjoy the rips".
My plan for bailing on my massive bitcoin position is when the Fed starts touting raising interest rates.
What happened with Bitcoin literally this week?
Fed comes out publishing a paper mentioning strengths the DeFi network will bring to consumers research.stlouisfed.org
Fed's academic paper literally mentions wrapped Eth -right on their website.
Miami FL proposes for local taxes to be paid in Bitcoin, and for employees to have a percentage of wages paid in Bitcoin. nypost.com
Nigerian Senate advises that "Bitcoin has made our currency almost useless or valueless"... just shocking
Jack Dorsey & Jay Z invest 500 BTC to make Bitcoin "Internet Currency in an endowment to fund development in Africa & India" techcrunch.com
BNY Mellon (America's oldest bank) offers institutions access to Bitcoin www.wsj.com
JPMorgan co-president and COO Daniel Pinto has said that the banking giant will support bitcoin trading if there is client demand for it.
Exciting times friends. And I must advise that if you even view Bitcoin as a moonshot - even moonshots deserve a small bit of exposure within any portfolio aiming at the stars. This is not financial advice, but my personal opinion as I have certainly partake in this mindsight with much more than a small bit of exposure as the bull market clearly unfolded. www.theblockcrypto.com
Additional Citation:
finance.yahoo.com
www.cnbc.com
twitter.com
Bull flags explainedBull Flags are one of the most well known & easily recognized chart patterns.
The most important factor in identifying any flag pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern.
After the straight run upward price starts to Zig Zag between two converging trendlines forming a tight wedge (it can be slanted, or even symmetrical) until the price "breaks out" above the upper trendline signifying a possible continuation in trend upwards.
Bull Flags have the highest success rate out of any pattern and work extremely well when paired with long term support & resistance areas. Enter at the invalidation point of the pattern (A), second entry on the bullish retest (B). Pennants that are “tighter” have higher success rates, look for patterns forming on top of long term resistances (not below) to increase probability of success also. Pattern height is measured and added to swing low before breakout for possible target.
Sometimes large size traders can generate liquidity by faking out under the pattern support as we can see on some of the examples. The liquidity generated by triggering stop losses underneath the pattern can fill large position sizes for whales and is a good indicator for a long position once the price confirms support back inside the pattern.
Master Buy & Sell "Bitcoin (BTC) Cheat SheetBULL MARKET TOPS = A TAD BEFORE 2nd BLUE LINE FROM PREVIOUS PURPLE LINE
BEAR MART BOTTOMS = 3rd BLUE LINE FROM PREVIOUS PURPLE LINE
GREEN ARROWS = BUY
RED ARROWS = SELL
*Blue & Purple lines are 1 year apart from March each year & clearly call the bottoms and tops of the Bitcoin cycles. Nothing special, but this gives a rough idea of when to buy and sell. I was originally trying to find confluence with the halving dates, but this seemed to work out perfectly, so I couldn't ignore it. Of course, Bitcoin can diverge, but the halving cyclical nature of every 4 years really keeps Bitcoin cycles fairly predictable. The good news is that we still have quite some time to go until the top of this cycle and of course there will be corrections along the way. Happy Trading!!!!
Potential Head & Shoulders, May See Crazy Lower Levels!Bitcoin could potentially be forming a Head & Shoulder pattern which if this plays out can be short term bearish for bitcoin. We can see levels like 25k possibly for the last time which would be really good buying/longing opportunities, before continuing the bull market and seeing crazy price levels. Right now we are in critical levels and can see bitcoin go either way. Best thing to do is stand back and watch the charts until a real pattern plays out to get the safer entry!
Double Bottom OR Create New Lows?????After Bitcoins 27% dump we are now getting a retracement to the upside and consolidating around these levels. Was looking to see if bitcoin could break its previous local top at $36,374 (Green Box Area) but seems like we have got rejected. Now it seems like Bitcoin can be setting up a double bottom (W formation) and consolidate around these levels a little bit longer before making another big move. For this to play out we would need to make a higher low and cannot break the $30,336 price point or this will be bearish. If we break this level we can see some lower levels and wont be expecting a bounce to the upside... If we make the higher low and start heading up that could be a nice long entry as we can start seeing some higher levels!!
Bitcoin Forming a Double Bottom (W Formation) Before New Highs!!Bitcoin looks to be setting a bigger W formation which is also known as a Double Bottom. We have created a higher low which we will need to stay above the $38,652 price point for this to fully play out. If you were to enter this trade the previous low "$38,652" would usually be the stop loss. If the double bottom plays out, typically it will not break the previous low so catching this would be the perfect price entry. This pattern is very well known with Bitcoin as it has done this many many times before setting newer highs.
As you can see in the photo above, these are more examples of a double bottom (W formation) which we see numerous amount of times with Bitcoin. This is a great way to catch bottoms by either catching a long or even just buying the dips. Great pattern to always keep an eye out for as it plays out perfectly most of the time especially in consolidation phases or after correction!
General Bitcoin Prediction Over The Next Two YearsHere I go over my Bitcoin chart which has an emphasis on long-term trading trends. I briefly explain the chart, indicators shown, and explain how Bitcoin is at the start of a new market cycle. Next, I give a very general analysis for the next two years for bitcoin. I explain how $13,700 is a critical point that we need to get above and hold. Furthermore, I mention Bitcoin could see upwards of $30,000 in the next two years, but it will be volatile. Finally, I want to mention, this is a very, very general analysis. I believe Bitcoin will go as high as $16,000 in the coming months and if we get above the $20,000 mark by the end of the year, I think the new bottom would be $10,500 - $13,300.
NIfty Bank Bullish pattern As the Brearish market is fainted away now its time to ride the bull, the market is almost braked its strong resistance of 22300 as it's in a bull phase since 2 days so can make a doji or price action then the real Bull move will come, get ready for the Ride traders, mark target of 23300 for the short term.
Welcome to secular bear market with multiple bull markets!A secular bear market consists of smaller bull markets and larger bear markets; a secular bull market consists of larger bull markets and smaller bear markets. In a secular bull market the prevailing trend is "bullish" or upward-moving.
en.wikipedia.org
$BTC Ubdate. Above 10K! $BTC Update. Above 10K!
Just as discussed BTC did push to and above 10 000$. Currently faceing resistance at 10250$ which is one of the last more serious ones.
Overall very bullish outlook. We've extended quite a lot last week, so even a pullback to 8000$ is not out of the question. But if you are holding spot, you shouldn't be too concerned. We are well into the new Crypto Bull-market!
S&P 500 on an endless high
SP 500 in an eternal high
SPCFD:SPX
TVC:SPX
If not everyone, but most people in the market must suspect that there is something strange going on in the economy.
We are slowly discovering that the last bullmarket was marked by interventions that brought a certain artificial expansion.
It can be said that companies and the market have grown on fragile supports.
That's what we see clearly in the S&P500. The lack of good supports.
What we can expect is that when a reversal movement finally comes, the fall could be brutal.
But we still see the market surfing a Wave 5 end.
I can make the last projections there near the 4000 which is when I expect the price correction to finally come or being more pessimistic a Crash in the market.
I don't know when that's gonna happen. But the notes are for the next 2 or 3 years. I sincerely hope I'm wrong and all those who have been warning about it.
Now for the important part of the analysis.
The price has left an area of value in a range that is below and above 2700.
This same region is where it formed this 4 wave and also serves to project the next high pivot that is already in progress and entering the upper hatch range which is the current resistance at 3300.
Let's see how the price behaves on this level. Whether the market will create a new acceptance area or reject this price level.seeking a correction and a test of the value area.
If the price does this and continues to rise it would disfigure this analysis.
Let's see what will happen.
Buying power keeps coming in. Certainly it is to maintain the euphoria of the market that already shows clear signs of exhaustion in the bullish move.
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SP 500 numa eterna alta
Se não todos, mas a maioria das pessoas que estão no mercado devem suspeitar que existe algo estranho acontecendo na economia.
Estamos descobrindo aos poucos que o ultimo bullmarket foi marcado por intervenções que trouxeram uma expansão de certa forma artificial.
Pode se dizer que as empresas e o mercado cresceram em cima de frágeis suportes.
É o que vemos claramente no S&P500. A ausencia de bons suportes.
O que podemos esperar é que quando finalmente vier um movimento de reversão a queda poderá ser brutal.
Mas ainda vemos o mercado surfando um final de Onda 5.
Consigo fazer as ultimas projeções lá proximo aos 4000 que é quando eu espero que venha finalmente a correção de preços ou sendo mais pessimista um Crash nas mercado.
Não sei quando isso irá ocorrer. Mas os apontamentos são para os proximos 2 ou 3 anos.Sinceramente espero que eu esteja errado e todos aqueles que tem alertado sobre isso.
Agora vamos a parte importante da analise.
O preço deixou uma area de valor num range que está abaixo e acima dos 2700.
Essa mesma região é onde formou essa onda 4 e serve tambem para projetar o proximo pivot de alta que já está em andamento e entrando na faixa hachurada acima que é a resistencia atual em 3300.
Vamos ver como o preço comporta nesse patamar. Se o mercado criará uma nova area de aceitação ou se irá rejeitar esse nivel de preço.buscando uma correção e um teste da area de valor.
Se o preço fizer isso e continuar subindo desconfiguraria esta analise.
Vamos ver o que irá suceder.
Segue entrando força compradora. Certamente é para manter a euforia do mercado que já apresenta sinais claros de exaustão no movimento de alta.
Bitcoin already above 200 Day MA on CME FuturesThe 200 Day Moving Average is a significant level for all assets and certainly for Bitcoin.
The main event for Bitcoin currently is a test of the 200 Day Moving Average resistance which it is currently under.
However on the CME Futures chart BTC is already above its 200 Day MA.
We can see from these charts that this Moving Average bears significance on the Coinbase chart, however it also has signficance on the CME Futures chart where it cuts a very different path.
There have been seven significant touch points in the last three months on the CME chart (shown here by the yellow arrows). Not only has BTC passed the 200 Day MA on the CME chart already, it also retested it yesterday.
In summary, getting over the 200 Day Moving Average is a significant moment for any asset. The fact it's already happened on the CME suggests BTC could be even more bullish.
SBUX Bull Within Bull Discount Valuation Play$SBUX has seriously been lagging the end of 2019 rip across major market indexes that saw $AAPL rip bear's faces clean off & blow right through a $1 Trillion valuation by over 25% in just a few months can you say insane...The farther Mega caps like $AAPL & $MSFT push higher the more of a discount there is in a global discretionary like $SBUX.
We have a very clear bull flag formed on lower resolutions that should price clear through the bull trigger we should see it push rapidly toward the downtrend angle then shockwave B4 we see it have a real chance to play catch up on the broader market & move toward Target 1. Once there we should see price stall in another shockwave before gathering more steam for a follow through push higher to target 2 where another stall & shockwave is likely.