Apple to continue on downtrend or put an end to the bear market?Interesting 1 week view of Apple showing trend from 2022 and about to offer in similar territories.
Bullmarkets
#GOLD Breakdown this bullish flag pattern!#GOLD TECHNECAL ANALYSIS
GOLD marked this bullish flag pattern but we need a retest of this pattern and after the retest, we can expect 48% bounce according to the pattern.
basice info
The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend.
Stay tuned I will keep updating
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Path to AltseasonHello traders, today we will talk about Path to Altseason
BASIC INFO
Altcoin season, or ‘Altseason’, is the home of face-melting gains & high volatility. It’s pretty much Christmas for crypto traders.
Within a brief period (usually a few weeks or months), the prices of altcoins (all coins besides Bitcoin) skyrocket as investors move their money out of Bitcoin and into other cryptocurrencies.
Once prices start to rise, FOMO investment kicks in, causing a snowball effect which drives altcoin prices even higher to astronomical (and often overvalued) heights for a short period of time.
Many investors can make the majority of their profits for the year during an Altseason if they are able to sell their altcoins before Alts
Bitcoins & Altseason
Put simply, Altseason begins when altcoins start to outperform Bitcoin (when prices of alts rise in comparison to Bitcoin), and Altseason ends when Bitcoin outperforms altcoins.
However, this does not mean that when Bitcoin’s price goes down alts automatically go up. In fact, historically, Bitcoin has tended to lift altcoins when it rises and also bring them down after a major crash, with the price of Bitcoin and altcoins often being closely correlated. Previous bull markets have generally seen Bitcoin enjoy an uptrend before altcoins join the wave and head for the moon.
Key Takeaways
An altcoin is simply any other cryptocurrency that is not Bitcoin. They are usually more volatile than Bitcoin, offering high-risk high-reward opportunities.
When Bitcoin dominance (the amount of the total crypto market share held in Bitcoin) declines rapidly, it leads to an increase of investments in Altcoins, which causes an Altseason.
Predicting Altseason is not an exact science, and it is not something that’s officially announced at a certain time or date.
An Altseason can occur several times a year and they often happen within a relatively short period of time.
For maximum gains it’s crucial to sell your altcoins before Altseason is over. Alt’s prices drop just as quickly as they rose.
There have been many Altseasons in the last decade, with all of them beginning right after Bitcoin dominance declined.
The sharper the decline in BTC dominance the bigger the Altseason.
How to take advantage of Altseason?
The key to taking advantage of Altseason is to have your money in altcoins before Altseason begins, or just as it is beginning. Pay close attention as prices begin to rise, and make sure you sell out from most of your positions before Altseason ends and prices fall as quickly as they rose – don’t worry about trying to sell at the very peak, just take profits on the way up and be ready for things to end as quickly as they begun!
Top tips for navigating Altseason
Altseason is often the most lucrative time during a crypto market cycle, however, it is also the most volatile time. As the potential for gains rises so does your risk. Here are some tips to keep in mind during an Altseason:
Altseason is both an exciting and emotional time. If you’re a new investor, proceed with caution. Separating your investment decisions from your emotions is a tried-and-tested strategy for mitigating risk and maximising profits.
Having a solid exit strategy prepared will decrease the chances of you HODLing your alts through the peak only to see them fall when Altseason comes to an end.
Depending on your commitment level, spreading yourself too thin by investing in lots of altcoins can be confusing and difficult to keep track of. A bit of diversification is always good but don’t invest in more coins than you can keep track of!
Accept that you cannot be involved in every pumping altcoin. Choose your best picks and stay up to date on the relevant news and market movements.
Be sure to take profits on the way up to ensure that you realise most of your gains before prices come back down again. If you get a sizeable gain, you may want to reduce your position before the inevitable price correction!
Using your profits from Altseason to reinvest into Bitcoin while it is at a good price (and vice versa) is a popular strategy.
Risk management is the best way to make the most out of Altseason, given the sheer number of investment opportunities that will arise. Never risk so much that you won’t be able to keep playing – there can be multiple Altseasons in a year!
The key to taking advantage of Altseason is to have your money in altcoins before Altseason begins, or just as it is beginning. Pay close attention as prices begin to rise, and make sure you sell out from most of your positions before Altseason ends and prices fall as quickly as they rose – don’t worry about trying to sell at the very peak, just take profits on the way up and be ready for things to end as quickly as they begun!
The Altcoin Season Index is a helpful (but not exact) tool to see where we are in relation to Altseason. According to the Altcoin Season Index, if 75% of the Top 50 altcoins performed better than Bitcoin over the last season (90 days), it is Altcoin Season.
They also give an indication of where we are in terms of an Altcoin Month or Year, with an easy to interpret graph that shows the general long-term trends of previous Altseasons.
Altcoin season is not something that’s officially announced at a certain time or date. Nobody knows for sure when it’s upon us, nor when it will end. All we have are certain indicators that can help us know if we have entered Altseason.
Why does Altseason see such huge gains?
FOMO and the snowball effect play a big part. Part of the reason Altseason sees such a dramatic rise in prices is because many new investors see prices beginning to rise, and immediately invest out of FOMO.
This creates a snowball effect which pushes prices higher and higher until they are overvalued and in a bubble. When people realise they are riding a precarious rollercoaster that may crash at any moment, they begin to sell. This causes panic which leads to more mass selling and the price plummeting back down to earth, bringing Altseason to an abrupt end.
When is the top of Altseason/the bull market?
The million-dollar question that no-one can really answer. While crypto markets follow cycles which can be predicted based on past market movements, every bull run is different and it is incredibly difficult predict the very top of Altseason, or any bull run for that matter.
Given the fact that no-one really knows exactly when the top of the bull run or Altseason will be, it is wise to take profits along the way as your portfolio gains value. Dollar-cost-average selling (DCA) can be useful to minimise the impact of the market’s volatility while you invest.
If Bitcoin’s price goes up will altcoins also go up?
Generally, yes. The price of most altcoins is highly correlated with the price of Bitcoin. It is Bitcoin dominance, however, that indicates when Altseason is beginning.
Why are altcoins dependent on Bitcoin?
A major reason that altcoin’s and Bitcoin’s prices are so highly correlated is that many altcoins are purchased with Bitcoin. Bitcoin is often bought before the purchase of an altcoin, pushing the price of both coins up.
Similarly, if someone wants to cash out on an altcoin, many exchanges require you to first sell that altcoin for Bitcoin, and then sell the Bitcoin for cash, which pushes both prices down at the same time.
Another reason the prices are highly correlated is simply because they’re in the same asset class and things that are in the same asset class tend to go up and down together.
What to look out for to predict an Altseason
The most important thing would be a decrease in Bitcoin dominance, usually occurring after an exponential increase and subsequent consolidation. Additionally, relative trade volume, social media activity, mainstream interest, new coin listings and the volume of news articles published from crypto projects seem to be good indicators of when Altseason might be approaching.
What is Ethereum’s relationship to Altseason?
Ethereum, seen as the second most trusted cryptocurrency and the silver to Bitcoin’s gold, is at the heart of the altcoin market. The start of bullish moves for Ethereum is often the start of Altseason, especially with so many alts and DeFi projects being built on top of the Ethereum Blockchain.
Generally, after Bitcoin rallies upwards and consolidates, Ether’s price will also need to break out before altcoins can see a sizable rally.
Can altcoins lift Bitcoin?
Not really. Bitcoin rarely gets boosted by altcoins.
Generally, once altcoins have pumped and claimed dominance from Bitcoin, the steps in to take back the bulk of the crypto market share, marking the end of Altseason.
What is an example of Bitcoin Dominance influencing Altseason?
On December 9, 2017, Bitcoin Dominance had gone from 69% to 37% in the space of just 35 days (which means it went from owning 69% of the total crypto market share to 37% in just over a month).
Looking at the Altcoin market cap chart, December 9 coincides exactly with the beginning of the largest Altseason that crypto had ever seen. The sharper the decline in Bitcoin Dominance, the bigger the spike in Alts.
History also repeated itself on March 30, 2018 when a sharp decline in Bitcoin Dominance from 50 to 38 in 40 days led to a significant increase in the Altcoins market cap.
What have previous Altseasons and bull runs taught us?
Previous bull runs and Altseasons suggest that larger-cap altcoins (starting with Ethereum) pump before smaller-cap altcoins begin moving up. This usually happens after Bitcoin has had a big move up, followed by some sideways movement, causing investors to seek gains in altcoins, thus decreasing Bitcoin dominance and starting the party that is Altseason.
IMPORTANT
BTC Rises - Altcoins Not Rising
BTC drops - Altcoins Super Drop
The scenario is confirming this - Be sure to survive before Altseason arrives
Never stop learning
I would also love to know your charts and views in the comment section.
Thank you
BTC BITCOIN 2024-25 (UPDATED)Current Market cycle for $BTC, UPDATED long term chart analysis for Bitcoin for this upcoming bull market.
Nasdaq -> Time To Start The RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is looking insanely bullish. We just recently created a weekly double bottom and already broke above the neckline, confirming this whole pattern.
You can also see that we are already starting the continuation towards the upside, in my opinion there is a quite high chance that we already saw the bottom of the bear market so from here I just do expect more continuation towards the upside.
On the daily timeframe you can see that Nas100 just recently also created a daily double bottom so I am now just waiting for a retest of the neckline and then also the next push on the daily timeframe.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin Exclusive Bull Run Technical Analysis: A Comprehensive GBitcoin Exclusive Bull Run Technical Analysis: A Comprehensive Guide By CryptoPatel
Introduction:
Bitcoin, the world's leading cryptocurrency, has been on a rollercoaster ride for the past few years, experiencing extreme highs and lows. In this comprehensive guide, we will take a closer look at Bitcoin's past bull runs and analyze the current market scenario to predict its future price movements. The analysis is based on the technical expertise of CryptoPatel, a renowned cryptocurrency analyst. So, let's dive into the details and explore Bitcoin's future prospects.
Bitcoin's Past Bull Runs:
As per the weekly chart, Bitcoin's previous bull run occurred in 2017, where it hit an all-time high of $19660. However, after the peak, Bitcoin experienced a dangerous dump and hit a bottom of $3120, which was 84% down from its all-time high. This downturn made many investors panic and assume that Bitcoin's target would be $1000. Still, Bitcoin made a strong bounce from the $3120 level, and many investors who used high leverage got liquidated.
After the 2017 bull run, Bitcoin again rose and reached $13875 in 2019, which was a 0.786 Bearish Fibonacci retracement level. However, it again experienced a 67% dump after being rejected from the 0.786 Bearish fib retracement level. This time, it went down till $3913, which was also a 0.786 Bullish fib retracement of the bull mode from the bottom $3120 level. This 0.786 Bullish fib bounce was insane and hit Bitcoin's new all-time high of $68,991.
Bitcoin's Current Scenario:
Bitcoin's last bull market all-time high was $68,991, but it then experienced a hard dump till $15470, which was approximately 77% down from its all-time high. In the current bear market scenario of 2022, Bitcoin tested a new bottom of $15470, and many investors accumulated Bitcoin at this level, as suggested by CryptoPatel, which was their first entry.
Bitcoin has now surged 75% from the current bear market bottom, and CryptoPatel predicts that Bitcoin will hit $42000-$49000 in October 2023, which will be the first exit point. This exit will be the 0.786 Bearish fib retracement from the year 2021 top to the year 2022 bottom.
After the first exit, investors can wait for the second entry around $20,000-$24,000, which might occur in March 2024, near the Bitcoin halving months. This entry will be the 0.786 bullish fib retracement at this point.
After the second entry, investors can hold their Bitcoin till October 2025, where Bitcoin is predicted to hit $150k-$180k, which might be the top of the next bull run.
Conclusion:
Based on the technical analysis of CryptoPatel, it is suggested that investors never sell their Bitcoin until the year-end of 2025. Bitcoin has been on a rollercoaster ride, experiencing extreme highs and lows, and CryptoPatel's analysis provides an excellent roadmap for investors to navigate through Bitcoin's future prospects. However, it is important to remember that investing in cryptocurrencies involves high risks, and This is not Financial Advice so investors should always conduct their research and invest wisely.
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Bitcoin breakout of 8 month accumulation Bitcoin breakout of 8 month accumulation while there is a banking crisis. COINBASE:BTCUSD
$OCEAN protocol swing trade idea$OCEAN protocol swing trade idea
If BTC holds up then OCEAN protocol can do a quick and large move up.
BTC: Should hold this support!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
If BTC remains above the support, it might go up, up to 26600
but if support breaks, it could restest the 20k support area.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
BTCUSDT !! My ideal BTC scenario for coming days and weeks. Hi dear community members and my loyal followers.
My updates for BTC current situation. As I posted earlier, BTC is repeating 2015 bear market bottoming structure I published in my previous analyses.
You can check the bellow attached analyses where I warned you about the recent dump after hitting 25K/swept previous swing high liquidity/:
I think BTC finished 1-5 bullish wave structure and now it is forming ABC correction structure before new highs.
More likely we'll see short term bounce from 19-19.5K zone to 23.5-24K zone/B wave/ and dump to 17.5-18.5k zone/ C wave/ creating new LH.
Even if in the worst case BTC dumped bellow 17.5-18.5K and drops to 14-15K zone, it will be super fast long wick bounce above 18.5K zone.
Would be great if BTC clears huge liquidity bellow 18.5K zone and bounce back. Let's thank BTC for its generosity coz it gave us last chance to buy lower prices before bull market starts. BTW I'm officially announcing all My analyses about BTC bottom have been published since June 2022 have been confirmed in February. There is super strong sign that not only BTC bottomed at 17.5K in June 2022/ a real bottom/ and 15.5K fake breakdown/spring-bear trap/ with double bottom but also BTC bull market has started. Later I will post about the most powerful confirmation.
As you see 17.5-18.5K is the strongest support zone/ there is BB, FVG zone, strong support & resistance zone, Wyckoff base & huge amount of BTC accumulation by whales.
Max pain will be stop loss hunt bellow 18.3-18.5K zone/liquidity sweep/ and strong bounce back. If my scenario plays out, BTC will from huge Inverse H&S pattern which I will post bellow this tweet.
Stay level headed, keep patience, close your eyes on Wars, high inflation, Recession, hiking rate and any kinds of FUD.
If you like my ideas, don't forget to like, follow and support. I'll appreciate any comment, likes and follow.
Don't forget to check my bellow analyses. Have a good day.
USDJPY Trading A Bull volatile MarketHi my trading friends.
I've noticed USDJPY is in a beautiful uptrend and has been for awhile. I lost my last trade on her(I followed my rules of course), but now price made a new higher high continuing her bullish flow. Can you see the uptrend?
The entry
Price is at my Estimation Zone (my name for my zones where I want to enter the trade). I'll watch price to see if I more bullish evidence. If so, I'll trade her up back to the high and monitor if this will turn into a longer term position over a 1:2 risk-to-reward trade.
The exits
My stop loss will be placed to the low. I'll manage the trade by trailing my profits once it's back to the high if this trade is a longterm position. If not, I'll be happy with my profits and move on.
What will invalidate this trade?
If price reverses going past the last higher low I'll consider this trade a reversal. Or, at this point, consolidation depending on what happens first. If I'm given the chance to enter and am stopped out, the reversal will be taken more seriously.
Consider my trading styles:
* Swing trader
* Trend trader
* Conservative trader
* Higher timeframe trader
* Supply and demand trader
* Reversal trader
* Volatility trader
* High momentum trader
There are many trading styles which means there are many ways to trade. Only take this analysis into consideration if it meets your satisfaction and rules. If not, it's always good to watch for fellow trader entertainment purposes and give motivation.
Consider my past USDJPY post below and thanks for reading.
EURUSD : BULL Market Coming FX:EURUSD
Hi , Trader's Our last Analysis Hit Target
Now Market is retesting it's major support level
Buyer's Can gain momentum and push market up from Current level
Once candle closes above 20,50,200 ema which is on same point almost , can boost market up
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📌🤑 Analysis of the Bitcoin Market 4H TF📌🤑EIGHTCAP:BTCUSD
*Update from the previous idea i share on BTC*
Hello, here are a couple of ideas about what could happen soon. Don't hesitate to provide detailed comments or questions. Wishing everyone good luck, trade safely this week and always remember to secure your profits.
*Don't forget to fuel up with coffee ladies and gentlemen!
BTC Outlook 2023 - 2027BTC Outlook 2023-2027 (Revised)
I think its almost confirmed with high confidence that this rally is bear market rally, not a rally of a new cycle that ends the BTC bear market. 25k is already its highest peak, it will going sideway for a while before resuming the drawdown to a lower level. Q1 2023 is one month left before it ends. This rally is the corrective move of wave 4 of the 4th cycle ABC move. After we have the truncated bull market of 2021, now we also have a truncated bear market. Its a textbook Elliot Wave cycle but its just not the ideal one. But it is the ideal one to model the current cycle.
We can see that the peak of the current rally has touch multiple important moving averages. That's it, the unbreakable wall of the rally. Next move we will see again another massive drawdown, the wave 5, the last wave of the ABC move. My prediction is that BTC will be asking for a major support between 12-14k liquidity area, touching 1M 100 SMA and 50% of Fibonacci retracement level, and surely a weekly bullish divergence will be formed, and that would be the best time to buy before a new cycle started. Approximately the bottom will be formed around Q2-Q3 of 2023, but I think Q3 is preferable considering the macroeconomic condition.
The identification of almost-confirmed-with-high-confidence wave 4 of ABC move also stating that the current cycle has been going a time period of more than 4 years tradition and still counting due to a longer bear market. The first time that BTC breaking this tradition after going 3 Elliot Wave cycles and 3 halvings.
For the next cycle, we will have the first wave peaking between 32-37k, the 3rd wave peaking at around 2021 ATH and for the 5th wave, the blow off top will be around 130-170k.
Let see if this post will age really well in the coming years.
FALLING WEDGE OF BTC💚 BOOM IF SUSTAIN THIS LEVELBTC_Update 1W
BTC, All eyes on the weekly close👀
Need a weekly close above $25.2k for a confirmed breakout and for a rally up to the $30k Level...
Historical Comparison of Vanguard Sector ETFsQuick comparison chart to see which performed better (or worse) during bull and bear markets.
It's not always a straight-forward answer, and more variables involved.
But... should give you an idea all things else equal regarding ticker choices and weights.
Bitcoin hourly analysis 1/16Hello everyone I'm going to start sharing my crypto analysis because people keep calling me a larp and a scammer when I try to share my opinions in this god awful chatroom so here we go.
Some things to know:
BTC has had one of its largest 1 week green candles to date relative to current price bringing us up into the 21k range.
This is a very popular and closely watched zone by many crypto investors, widely considered to be a key level in bull market sentiment if not levels like 24k for example.
BTC has made it up to 'pre FTX crash levels', also SBF does not have his trial until October.
Now onto the chart itself,
BTC has been in this range for over 48 hours now and has been ranging with strong reactions around 20675 and 21000, Throughout this we have failed to confirm such as a bull flag and pennant but continues to follow trend with very strong bounces. Will all this being said I continue to hold a bullish sentiment throughout this tight range until we have a candle close below trend on 1h and 4h. If so I think its safe to assume micro bearish with a likely pullback to 18.5k as rejecting from here will keep us in the 21k-18.5k range which can be clearly seen on daily charts.
As of now I am out of all long positions and will look for an entry with confirmed range breakout.
Not financial advice just reasoning behind my sentiment, thanks.
Next months expectations for Bitcoin $BTC / $USDT #Bitcoin
$BTC / $USDT
I am expecting a sideways movement, liquidating and stopping both sides (Shorts and Longs). Later in the end of Jan. or early Feb. to see a #Altcoin big rally, and there #crypto market might do a last dump before we end this bear market around March-April!
Potential start of the bull marketFOREXCOM:SPXUSD
As of 01/16/2023, I believe the birth, or first sign of a potential return to bull market to be today. In the process of reviewing ema, macd, and cycle based indicators, we should see uptrend begin to take off leading back into 4300 by February '23. This can all change with fed's taming of inflation, or any external circumstance. But if trajectory remains strong, we should have a confirmed uptrend by start of this February. Refer to the 2 weekly chart, as this is the core of my thesis for the return to bull market.
DXY possible scenarios/predictions. If Scenario A happens, we'll be in a recession like we haven't seen in 100 years. If Scenario B happens, we'll be in a new bull market. If Scenario C happens we'll be in a new very strong bull market.
1871-2022 S&P 500 Secular Bull vs. Bear Markets SPX SPY I wanted to share this chart, as a couple of things stood out when thinking about past bull & bear secular market cycles vs. the current secular bull market that we’ve been in for the last 10+ years since the 08-09’ GFC (Great Financial Crisis).
First , for those who say “investors can't or shouldn’t time the markets", I very much disagree with this logic (or Wall Street marketing) as there are plenty of signals, cyclical trends, leading indicators, etc., that give investors clues as to what likely lies ahead — based on probabilities.
And while nobody can be 100% certain as to the exact pathway of markets, given the macro cross-currents that are in front of us — we can 100% say that we have been & still are in a secular bull market. Until this trend changes, the “crash” that many were calling for in 22’, if not expecting for 23’ could possibly take longer to play out than many realize when looking at previous bull vs. bear secular market cycles.
Second , looking at the attached chart(s), this is also why timing and duration matter.
If you are entering retirement toward the latter part of a secular bull market, it might be best to reduce risk & shift from capital appreciation to capital preservation. Examples of this include leading up The Great Depression, 1950’s post-WWII boom prior to the 1970’s Stagflation Era, & into the end of the Tech Boom of the .com era leading into 2001.
On the flip side, if you are in your saving years (20’s-30’s+), then it is during these secular bear markets that you really want to be accumulating & building your asset base for the next bull market phase that is likely ahead in the coming years as the trend higher always begins during the bear market bottoming process (see dotted black lines on charts).
Third , looking at the current cycle & zooming in on the charts from yearly (large picture) to monthly chart — we can see that we are still technically in a secular bull market. And considering the previous two major bull market cycles of the 1950/60’s (18 years) & 1980’s up until the early 2000’s (19 years), one could make a case that we are only about halfway through this current bull cycle (9 years).
Do I think this is absolutely the case? Personally , I do not as there are issues regarding demographics, de-globalization, inflation/stagflation/deflation, boomers retiring en-masse, etc., that will likely put further pressure on asset markets throughout this decade.
What do you think about this historical analysis?
Are we going to break this secular bull market cycle & enter a secular new bear market?
Or, are are just in a corrective phase within the broader bull market cycle?
CHART NOTE: Recessions = Shaded Red Areas
Chart #1 (Yearly): *1871-2022* 📊
*Inflation Adjusted Returns Chart Data via Advisor Perspectives*
www.advisorperspectives.com
Since that first trough in 1877 to the March 2009 low:
Secular bull gains totaled 2075% for an average of 415%.
Secular bear losses totaled -329% for an average of -65%.
Secular bull years total 80 versus 52 for the bears, a 60:40 ratio.
Chart #2 (Yearly): *1871-2022* 📊
*Inflation Adjusted Secular Highs & Lows via Advisor Perspectives*
www.advisorperspectives.com
Chart #3 (Yearly): *1871-2022* 📊
*Inflation Adjusted Regression to Trend via Advisor Perspectives*
www.advisorperspectives.com
Chart #4 (Yearly): *1871-2022* 📊
*Inflation Adjusted Regression Channel via Advisor Perspectives*
www.advisorperspectives.com
Chart #5 (Monthly): *1920-1972* (Great Depression & Post-WWII) 📊
*Note that during the Great Depression/WWII, as Ray Dalio has pointed out in his recent book "The Changing World Order" this was a prolonged period of negative to very low returns.*
📖 www.economicprinciples.org
Chart #6 (Monthly): *1972-2022* (70’s Stagflation, 80’s "Greed is Good" markets & 90’s dot.com Boom, 08’ GFC, & 2010’s QE 1/2/3, 20’ Covid Crash, & 21-22’ Inflation/Interest Rate Shock Correction) 📊
*Note that we are still in a secular bull market uptrend, when looking at the monthly charts. Until this trend breaks down, there is market support for a continuation of this trend.*
Pre-Covid High = Red Dotted Line ($3,393.52)
Post-Covid High = Green Dotted Line ($4,816.62)
Chart #6 (Monthly): *1871-2022* (MACD) 📊
Bitcoin past & futureI discovered some major periods.
Mark this: 371 day and 553 days. Plusminus couple days or weeks. When was the first halving, we have got new significant peak after 371 day, and a second peak at 553 day. It happened again in 2016-2017 and 2020-2021.
The bearmarket started after halving 553 days, and it was 476 day long two times (2015,2018). There was an accumulation zone, which was 258-406 long two times.
So if I count these periods, the descent slowly ends, and we jump to the accumulation zone, which will starts in March 2023.
After the next halving i count a rapid rising between 100k-300k. If the history repeats itself, we will got new peak in April 2025 and October 2025.
Fingers crossed.
That's one small step for satoshi, one giant leap for crypto (2)Math will never lie unless you can't do math. This calculation has been going on since the day we started and we so far it's perfectly correct.
What I want to share with you is the following: Gold is always 1 and 9 or 4.5. Gold at a top is 9 and thus the end of a bull run.
Gold at a bottom is always 1 and therefore the end of a bear run. Blue/Pink between these 2 is neutral, we continue with the trend or not.
The lines between them are called noise numbers. Here you often lose the most ..trading it.
The answer should be clear enough. Study the map.
Kind regards, the Woelf of crypto street
Whale you Later!
p.s.
Visit the old post for more information (link to related idea)
