Rumors of Bitcoins demise have been greatly exaggerated. Bitcoin is now out of a bear market and is in it's initial phase of the bull market. That's not what the news is saying. The news says the worst is yet to come, I don't agree. Let's have a look.
First, the green and red zone is Gaussian Channel. It turns red in bear markets and green in bull markets. Once it turns green it stays green for the entire bull market. Well sir, it's not green, it's still red. Yes this is a lagging indicator, by the time it turns green bitcoin will be preparing to enter the next phase of the bull market.
Down below we have the crypto fear and greed indicator. I have drawn a yellow line where the support for this indicator should most likely stay the entire bull run. The corrections should go to the NEUTRAL area of 47. It is possible for it go lower like 46 45 in fear but It should recover quickly. A substantial break of this zone would likely mean the bull market is over.
How do we know all this stuff? How can we verify it? WE would look left on the chart. History may not repeat exactly, but it does rhyme.
This is my analysis of the bear market transitioning into a bull market. From last September I was calling for the Bull market to start in March of 2023. Look a the break out candle. Mid March, NAILED IT!!
We can see when prices fell in November that the fear and greed was actually rising creating a bullish divergence.
I don't expect prices to fall below into this yellow shaded section again. That doesn't mean it can't, if it does, it will not last long in my opinion. It will get bought up very quick.
Please feel free add comments or ask questions down below.
Thanks for looking
WeAreSar0shi
Bullmarkets
The bear trap is set. The 2023 bear trap
AS we can see on January 20th Bitcoin broke the down trend it has been in for over one year now. Recently the resistance was tested and was made in to support as Bitcoin took a strong bounce off of it. WE can clearly see this in the chart with the highlighted oval.
Above that we have the bear trap zone and the fomo zone A break and hold of the 25.4k level leads to the setting of the bear trap. This bear trap zone goes all the way to 32k above that is the fomo zone and it goes to 47k and possibly even higher. These ar eth e levels to look for in the coming weeks.
Another thing of note to look for is that Bitcoin could retest the break out zone at a later date {shown with the blue arrow} and as long as it holds it could then lead to the bear trap.
What to look for
The RSI will be a dead give away on what move comes first as I have drawn the down trend that it is in at the moment. If this should break above the down trend then it will do with the price and confirm the move.
Thanks for looking
Hit the like and subscribe for hot off the press charts.
WeAreSatoshi
Stay blessed in 2023.
AUDUSD Near Its 6-Month HighHi Traders!
AUDUSD is having a strong finish to end the year and is targeting the 6-month high at 0.68948.
Here are the details:
After the double top at 0.68948 six months ago, AUDUSD was in a bear market for two months and then went into a range zone for three months. Last month, the market finally broke the 0.65175 range zone resistance and has been in a bull market ever since.
We have a bullish view on this pair also in our long-term idea, as on the 1W chart, there has been a triangle breakout above the resistance trendline. The strategy here is to buy the market dips to target the six-month high at 0.68948.
Preferred Direction: Buy
Target Level: 0.68948
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
"Ethereum Price Analysis: Breakout, Daily Trends, and HistoricaIn the weekly time frame, Ethereum broke out of this horizontal resistance, resembling the pattern observed in the last bull run. Following this breakout, a retest similar to the previous bull run is anticipated.
In the daily time frame:
- Ethereum faced rejection at the $2400 level.
- The $1800 to $2000 range is identified as a support level, also representing the 0.382 level of Fibonacci retracement.
- In my opinion, the optimal entry point for Ethereum is within the $1750-$2000 range.
Regarding Ethereum's historical data:
- In the first cycle, after the all-time low (ATL), CRYPTOCAP:ETH took 777 days to surpass its previous all-time high (ATH).
- If history repeats itself, a new ATH could potentially be reached around 700 days from today, possibly by July 2024.
- The last bull run lasted around 1071 days.
- This time, it is expected to last between 1071 to 1064 days of a bull market.
Based on fractal analysis and chart data, it is anticipated that Ethereum will reach its next bull market peak in May to June 2025.
SPY Bull Run Eyes $492 Post-FOMC: Key Indicators & Gaps AnalyzedSPY's Bullish Surge: Decoding Market Indicators and Gaps
The SPY is riding a bullish wave, scaling new heights with remarkable momentum. On my chart, three proprietary indicators are at play, offering unique insights into the market's pulse. Particularly noteworthy is the indicator that measures cycle direction strength across time frames. Currently, it signals substantial bullish force from the higher period cycles – a force that remains unyielded.
Post-FOMC statements have set the upper resistance for SPY around $492, and that's my line in the sand for considering any short positions. We're not there yet, and the strength indicators suggest the climb isn't over.
Thursday's trading painted a complex picture: an impulse wave downwards, which acts as a correction to the previous day's upward surge, left a notable gap at 472.30. The odds are in favor of this gap being filled before the market rings in the new day. Yet, from the vantage point of the shorter cycle, the target gap stands higher at 462.88.
When it comes to trading these gaps, the rule of thumb is clear: the market must tread in the gap's direction for it to be closed. As traders, we watch these patterns closely, for they often spell the difference between an ordinary trade and a strategic win.
Stay tuned, follow for updates, and trade with the confidence of informed insights.
"Heading: Altcoins on Track for $5 Trillion Surge by 2025"Anticipating a Massive Altcoin Season: Exploring Potential Growth in Market Cap
Introduction:
The cryptocurrency market is abuzz with predictions of an impending altcoin season that could lead to a staggering $5 trillion Altcoin MarketCap by 2025. This forecast is grounded in historical data, fractal analysis, and chart patterns, suggesting a pattern reminiscent of previous market cycles.
Historical Context:
Examining the historical data reveals intriguing patterns:
After the all-time low (ATL), it took 762 days for the Total Market Cap to surpass its previous all-time high (ATH).
If history repeats itself, a new ATH could be reached approximately 761 days from today, potentially around December 2024.
The last bull run lasted about 1066 days, and the current one is expected to span between 1071 to 1064 days.
Fractal Analysis:
The fractal analysis unveils a compelling narrative:
In 2014–2015, the market experienced 610 days of consolidation.
2016-2017 witnessed a parabolic rise in Altcoin MarketCap, hitting Extension 3.168 at around $400 billion.
2018-2019 saw another 609 days of consolidation before a breakout.
Currently, in 2022-2023, the market has undergone 548 days of consolidation, hinting at an imminent breakout.
Future Projections:
Building upon the historical context and fractal analysis, the projection for 2024-2025 unfolds:
Anticipating that Altcoin MarketCap will experience a surge, reaching Extension 3.168, estimated at $5 trillion.
The expected timeframe for this extraordinary surge is set for the period of September to October 2025.
Conclusion:
Considering the historical patterns, fractal analysis, and projected timelines, the narrative paints a bullish outlook for altcoins in the long term. The predicted Altcoin MarketCap of $5 trillion by 2025 suggests significant potential for growth and underscores the importance of keeping a keen eye on market dynamics in the coming years. As the cryptocurrency landscape evolves, investors may find compelling opportunities in the altcoin space, marking the potential for a substantial shift in market dynamics.
The Digital Economy Ushers in A Long Term Bull Market CycleI received my CMT charter long ago, when chartered market technician candidates could write a thesis that had potential to change the body of knowledge of Technical Analysis. It did and it continues to serve me and my students well.
It was called "Cycle Evolution Theory" and my specialty is in the long-term cycles of emerging displacement technologies that change society, the economy and the stock market.
So this is an especially exciting time in the history of the stock market to be teaching trading and investing, during a major shift I have been preparing my students for over the last few years.
The stock market is rallying to new highs as a NEW Bull Market is underway. There will be minor retracements from time to time, but the long-term uptrend has begun.
The Bull Market Cycles of the past have lasted about 13 years. Cycle experts believe this Bull Market will last longer because there are over 20 new technologies moving into the Market Acceptance Phase all around the same time. It’s not just Artificial Intelligence. Several new technologies are changing the economy of the US to a DIGITAL Economy, the first in the history of all the various economic types.
A Digital Economy derives its primary growth and expansion not from manufacturing, not from consumer buying of products and services, but from the STOCK MARKET. In this new economy, the middle class may get left behind if they don’t learn how to use trading and investments to maintain and build wealth.
See the attached NASDAQ:IXIC NASDAQ Composite Chart that shows the long-term bull market cycles of this index using the DPO indicator on a monthly scale. The Cycles show:
the topping and Peak of the 2009–2020 Bull Market.
a second extreme Peak in 2021 after the speculative run up out of the shortest bear market in history due to the Covid-19 Pandemic.
the intermediate term correction in 2022.
and now a new Trough is completed for the beginning of the next Bull Market.
The Bull Market of the late 1980s to the year 2000 was extremely steep for the NASDAQ, as it had the 6 new technology industry stocks of that time as components.
The Bull Market of 2003–2008 was not a new technology market period but a Real Estate Market boom, so the NASDAQ had minimal gains.
The Bull Market of 2009–2020 was created by the new technology of the Cloud, Platform as a Service (PaaS), Software as a Service (SaaS), the Internet of Everything (IoE), sensors, semiconductors, electronics, and more.
This next Bull Market has 20+ new technologies. When there are new technologies coming to market, there are the best opportunities for trading and investing in the stock market.
PLUS, there is always a silver lining to a global pandemic cycle, and that is the empirical historical fact that after every major pandemic, there is a growth era of new technologies, new social reforms, and new approaches to problems that lead to widespread economic prosperity.
A pandemic is very similar to a World War in its impact on social norms, health, government, the distribution of wealth, education, and individual identity.
Most of the 140 industries in the US financial markets will be impacted by a huge number of displacement technologies. These are far more extensive and disruptive than in the new technology era of the 1980s–1990s.
Learning about these new technologies will help you trade or invest in stocks with knowledge and confidence in the next long-term Bull Market.
How many of the 20+ new technologies coming to market can YOU name?
The stocks of companies who are working on or using these new technologies and that are poised for dominance in the next bull market cycle will have Dark Pool accumulation patterns concentrated at the trough of the next upward cycle. So I've referenced some of the posts where I've featured these patterns below.
Trade Wisely,
$Link To the moon SOON!If in the next few days BINANCE:BTCUSDT reaches above 32,000$ and stabilizes above this price, then the following scenario seems extremely bearable for this Wonderfool BINANCE:LINKUSDT : breaking the 1.5-year price box and price flight towards Fibonacci levels.
2X in every Target!
Beware this is a long term Target!
TOTAL 1 Will Crypto Christmas come early?I was thinking to wait till tomorrow till I post this analysis so more people could see it but oh well, let us do it today cause you never know what happens.
I think this is one of the most important charts when following crypto markets. (cause it shows crypto markets money inflows and outflows).
Bitcoin has broken out already from this years highs week ago (I'll add picture down), BUT Total 1 marketcap hasn't made higher highs yet.
If and when this breaks I believe we will see surge on BTC and possibly on alts that will wake up the bull narrative again. (News etc)
Target is 1.49 Trillion so that would be 250 Billion inflows to crypto markets, that's 20% rise!
Better to be prepared than get caught with pants down
Two active trades going on DYDX and GOLD
-PalenTrade
"Breaking Resistance: #TSUKA Signals Bullish Momentum! 🚀🚀 #TSUKA Update 📈
In the daily timeframe, #TSUKA has broken a 298D resistance and is currently in the retest phase. The price is anticipated to sustain its upward trend, aiming for previous highs. Currently trading in the Buy Zone, a bullish momentum is on the horizon.
🔍 Entry: Plan to buy in this retest
🎯 Targets:
TP1: 0.0637
TP2: 0.082
TP3: ATH
🛑 SL: Close below upper support on a daily candle.
Remember to DYOR! 🚀
#Crypto #TradingAlert
Key points to follow in BullMarketIt was a key moment for altcoins in the past bullmarket, namely when BTC.D reached a strong resistance level at 73% to be exact, this happened on January 02, 2021, from that moment TOTAL 2 started to grow aggressively and the reign to decrease aggressively, until May 12, 2021, when we approached the peak of the bull market for Altcoins and BTC.D reached an important support level, namely 40%, whi c h was also in May 2018 support.
What we have to learn from here, is that we have to follow important resistance levels for BTC.D to trigger big increases on Altcoins, and take our profits when BTC.D reaches important supports.
www.tradingview.com
We identified the important support levels for BTC.D that could record the end of a growth cycle for ALT's in the next bull market and these are: 49% and 40%. In my opinion, I think partial profits should be taken at these levels.
www.tradingview.com
And as a strong resistance level that could trigger a big growth on altcoins could be the 60% level for BTC.D.
You have to take into account that a click has the following stages, BTC increases, then ETH, then the altcoins with large capitalization then those with small capitalization.
GRTUSDT - Riding the AI Narrative 🚀GRTUSDT - Riding the AI Narrative 🚀
Overview:
GRTUSDT is positioned for a bullish surge, fueled by the current narrative around artificial intelligence (AI). The intersection of blockchain and AI technologies presents a compelling case for GRT's potential.
Fundamental Analysis:
AI Integration: The increasing synergy between blockchain and AI is becoming a significant narrative in the tech and crypto space.
GRT's Role: As a decentralized protocol for the development of AI applications on the blockchain, GRT is poised to attract capital from institutions and investors keen on the AI narrative.
Technical Analysis:
Supportive Chart Patterns: The technical landscape supports the narrative, with patterns indicating a potential uptrend.
Volume Uptick: Expect a surge in trading volume as the narrative gains momentum.
Price Target:
Given the strong narrative and potential capital influx, our price target for GRTUSDT is set at 0.50 cents, representing a potential increase of around 350%.
Risk Management:
Stop-Loss: Strategically place a stop-loss to manage risk, considering recent support levels.
Diversification: Diversify your portfolio to spread risk, especially when investing based on thematic narratives.
Disclaimer:
This analysis is for educational purposes and should not be considered financial advice. Conduct thorough research and employ risk management strategies in your trading decisions.
Conclusion:
GRTUSDT stands at the intersection of blockchain and the AI narrative, offering substantial growth potential. Stay informed, monitor market developments, and trade responsibly.
Bitcoin short term bear, long term mega bullI see that bitcoin and crypto currencies will move slowly down during coming 2-4 weeks. If bitcoin find support between 30-31,5k I see this as the last opportunity to get in "early" in this bullrun (would not necessarily recommend bitcoin though, but altcoins intead).
May '22 Inv H&S NL Broke but Alts are Nearing Resistance!Traders,
For the first time in a year and a half, alts have broken above major resistance. This resistance happens to be the neckline for our long-trending inverse head and shoulders. This is hugely bullish!
But before you max out your home equity line of credit, know that we are nearing what looks like it could become a local top. The channel which alts have utilized for almost a whole month to propel them to a breakout is about to hit significant resistance. Once we bump our head here (resistance), I think we'll retest our neckline and then relaunch to our final target.
In addition to being in highly overbought territory on the daily RSI there are more looming threats of a future gov't shutdown. This time I think it happens. Stocks will sharply pull back. Crypto will follow. And everybody will once again have their second chance to buy the fear and re-enter another crypto bull run before it happens.
Stewdamus
BTC: READY FOR ANOTHER LEG TO UPSIDE ($40K-$42k)!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC looks good here. Forming upsloping flag-like structure and currently, retesting the flag. After this successful retest, we might see another leg to the upside which is targeted to the $40k- FWB:42K level.
Invalidation:- 4hr close below FWB:36K
What do you think about this?
Share your thoughts in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Bull markets start with DeFiLet's look back at the previous bull market. As you can see, with the explosive growth of DeFi, the bull market officially started.
The upcoming bull market can be the same. We expect to see massive adoption of retail and commercial investors this time.
What is your DeFi bet? Will you play it safe or high R:R? Let me know below!
DOGE/USDT IS READY TO GO 10X FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this DOGE/USDT Trade update.
DOGE looks good here. Breaks out from the long-waiting descending triangle and looks like it starts a new uptrend rally from here. It breaks a very long more than 900 days downtrend which is a very good sign for this coin.
Buy some here and accumulate more of this one in dips. This will surely give you a 10-12x return in the upcoming bull run.
What do you think about this? Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Entering bull market?Bitcoin has officially entered the bull market, with closing above 20WMA the previous week and 20WMA crossing 100WMA this week, which is technically the start of a bull market.
Now we also know that historically, when bitcoin keeps above the 20-week moving average line, altcoins tend to outperform it.
What is the situation with VeChain now?
We can see that VeChain has also broken above 20WMA with good momentum, although it might test it again for confirmation, also it has broken out of the falling wedge drawn, which is also a positive sign for upward momentum. Overall it never is just a straight row of green candles. We must also consider the orange line of resistance, which was tested twice before and never broke through, the line is also a 0.382 Fibonacci resistance level, which is quite significant.
So in the following weeks, we might see the test of this price level and then return to test the 20WMA, if it holds we might confidentially confirm the official start of the bull market of VeChain.
BTC/USD: Bull Market Confirmed! Here's What's NextAfter careful analysis, it's clear we've entered a bull market for BTC.
The global correction wave 4 concluded in November 2022, and the recent price actions offer confirmation. Here are the key takeaways:
The trend from 23rd November 2022 presents as a robust bullish impulse.
All impulse waves and corrections looks nice and well-balanced.
The waves within this trend are well-proportioned and align with various Fibonacci levels.
It's almost too good to be true!
We're currently riding wave 5 of the initial bullish impulse. Expect bullish momentum to persist until the end of November. Following that, prepare for a retracement back to the ~$25000 region before we launch into a massive bull run for 2024!
BTCUSDT Potential Bearish Reversal: Targeting below 19800Analyzing the 3-day timeframe for BTC/USD, two primary scenarios arise:
Bearish Outlook:
Current wave XX-Z indicates a possible triple combo wave W-X-Y-XX-Z. With wave X potentially concluding, a move downwards for wave Y is anticipated.
Bullish Correction:
Despite a bullish market, a correction wave 2 could drive prices down to 23,700, below the 0.5 Fibonacci level.
An emerging "head and shoulders" pattern supports a bearish trajectory, targeting a price equivalent to the height of the formation, indicating prices below 19,800.
Recommendation: Watch for a confirming bearish candle pattern on the 1-day or 3-day chart. Ensure proper risk management and consider external influencing factors.