Bitcoin Step-like bullish curve pattern This bounce off is perfect
Parabolic bullish rise and just closed green.
This is rare and mild to see what just witnessed; it can expanded from the sell point into the 90K range
During that should expect the drop and sideways before going into the 6 Figures price.
Expecting 90K .. a small decent drop into consolidation before we go even high to break that trend.
Also to avoid the cross down so the bulls can keep maintaining
Bullrun
$BTC tops correlates to $DXY bottoms?Dollar strength bottoms historically marked the tops of the Bitcoin bullrun.
If the dollar is used to buy Bitcoin, then if the dollar loses strength, more dollars are needed to buy Bitcoin, right?
Then if, in the future the dollar crashes hard, can Bitcoin make a super bullish rally?
Repeating Candle Formation Indicates Possible Start of Bull Run This unique candle formation on the weekly TF appears to have occurred the previous 2 bull runs and this formation has just occurred again. Previous pattern overlay looks very promising for a run up to $100k based on the overlay of the previous bullrun.
BTC Long term predictions On the weekly timeframe these are my potential price paths leading up to and beyond the all important halving.
Using the volume profile indicator, it's possible to see where the highest volume areas are during the way down from the 69k all time high. These areas are where price will usually reach congestion where large orders are being defend and or added to in order to try and push price back in the original direction.
As shown BTC is currently inside a Bearish Orderblock and waiting for price to react off of it, and how Bitcoin reacts leads me to the 3 paths I have predicted:
Bullish Path - If btc flips this bearish OB and retests it with a confirmation as new support, next stop is 38k where the volume profile shows an area of high volume, and therefor resistance as the last time we were at this level the imbalance on the orderbook sent price lower. As price continues to retake previous bearish OB's and turning them into bullish ones by the time the next halving comes around we should be poised to look forward to retaking the ATH.
Neutral Path - I think the middle and most balanced of the 3 outcomes would make the most sense to me given the economic macro environment with the threat of recession looming over the crypto industry, but also the majority of the downtrend is over from the bear market, Btc dropped 77% from its high and although its possible to drop further it's inline with bear markets in the past.
Bearish Path - The bearish outcome leading up to and beyond is the current OB rejects price and sends it back to the POC (point of control) which would really hurt the market but isn't out of the question given the lack of available disposable income and free credit to invest going into the later months of 2023. Unfortunately this is quite likely in my opinion. However, the halving event that takes place this time next year has always started rally's in price, and last Bullrun began just before a halving event. So in conclusion HTF chop and then rally into the halving and beyond.
Bitcoin :what is next?Btc is still in a range of 50k-70k.
We might see a push to the downside at 55k level maybe a wickfish into 50k zone but i think it will reverse immediately from that dump.
In the other side alts are still suffering , and this will continue until dominance reaches 60-69% it depends on the PA of Btc .
Some alts might bleed a little bit more but overall things are looking spicy in the cryptocurrency market . IF we are lucky enough to witness a bigger dump ,that would be a gift for us .
Lets PaaaaamP it.....
ORDI: buy📊Analysis by AhmadArz:
🔍Entry: 41.51
🛑Stop Loss: 37.84
🎯Take Profit: 45.28 - 50.80
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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22/04/24 Weekly outlookLast weeks high: $66857.53
Last weeks low: $63230.46
Midpoint: $59603.38
The 4th Bitcoin Halving is now complete , the block reward has been cut from 6.25BTC to 3.125BTC . The reduction in reward creates a supply shock that changes the the tokenomics drastically. We now have a situation were miners revenue effectively halves overnight , despite this miners would have had ample time to plan for this as the halving is every 4 years consistently and would have been able to plan accordingly.
Last week we saw Bitcoins price drop back to sub 60k after losing the 4H 200EMA support level . After a double bottom price rose back towards the underside of the 4H 200EMA and now retesting as resistance. This week will be key for the direction of BTC in the short term. We know post-halving we see new highs within a year, often very quickly after the event, but the short term price direction is very difficult to predict at this time.
Institutional buyers are here, we have big players like BlackRock and MicroStrategy buying up large amounts of BTC to hold long term, the Hong Kong ETF begins on 30th April and could potentially bring Billions of dollars in additional in-flows. Grayscale has been the lead seller in the last few months as they sell large amounts of their GBTC, currently $16.4B in total . A large reason for the sell off is the high fees on Grayscales ETF compared to the newer low fee options presented by BlackRock, WisdomTree, Valkyrie etf all at 0.25%. Grayscale have now tackled this problem by creating a "Mini-GBTC" with 0.15% fees making it the lowest on the market . It will be interesting to see if this stops the consistent outflows. If it does and yet more demand enters the market in Asia coupled with a stunted supply of new Bitcoins we are looking at a good environment for price growth.
This week I will be keeping a close eye on how BTC reacts around the 4H 200EMA, If we hover at this area with now real emphasis on direction then this is a traders environment where money can be made both ways before resuming the overall HTF uptrend.
Alts took a huge hit last week and have given some good entry opportunities, naturally a strong BTC is needed to see progress in the alt market, with a strong reclaim of the 4H 200EMA alts can return to being risk on with a tight stop loss in my opinion.
$KAVA may skip the 2024 Bull RunBINANCE:KAVAUSDT , 1d
After reaching failing to break it’s 2024 high around the $1.15 area, price created a lower high and broke below the 200SMA forming a lower low. This creates a bearish sentiment for KAVA.
The downward trendline aligns with the stiff resistance created by 200SMA and previous support turned resistance. This is a key level where bears will look for shorting opportunities. Keep an eye on the charts and wait for price reaction to initiate a trade.
The only indicator making a bullish case for KAVA is the bullish MACD crossover but price has to ultimately breakout of the downward trendline and 200SMA and remain above it to bring back the bullish sentiment.
As always, “anything can happen” so let the market unfold and react accordingly. #DYOR
BTC - Boring Month⁉️Hello TradingView Family / Fellow Traders,
BTC has been hovering within a big range between $60,000 support and $70,000 resistance.
Scenarios:
1️⃣ Bullish
For the bulls to take full control again, a break above the $72,000 mark is needed.
In this case, a movement towards the $80,000 resistance would be expected.
2️⃣ Bearish
In parallel, if the $60,000 support is broken downward, we expect a bearish movement towards the $50,000 demand zone.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Wanna Double Again? -NEAR PROTOCOL- I recently Shared NearBTC and gave you some short term targets for Near.
In a few week Near will climb through 16 to 20.
According to Elliot waves theory, Near has finished its own corrective move.
It's time for a bull run now.
Targets specified on the chart before this post.
Main target 16.
Good Luck To Us All.
This halving is going to be different.. if I were you buy it nowBitcoin halving is here and was expecting a plunge but we all seen bitcoin fought back and made a comeback to be above way over $60K
I am expecting the big move just like the recent halving the huge gains I have a feeling going to be 1000X I had heard rumors about it. I’m sure yall heard too.
The last post was the crash so ether that big move or we will see the big bullish move
What do you all think?
Buy bitcoin yall or have fun staying poor
Your choice
15/04/24 Weekly outlookLast weeks high: $72799.81
Last weeks low: $66731.50
Midpoint: $60663.19
BTC HALVING WEEK!
A lot happened last week in the world of crypto, We saw our first prolonged sell off that led to BTC losing the 4H 200EMA support line, and reaching a weekly low of $60,600 .
What caused this drop? In my opinion and it's easy to say in hindsight, it's been a long time coming with no clear pullback since the beginning of February. BTC's price has nearly doubled since then and with the rally exhausted a correction is healthy.
It's important to back up how a trader feels anecdotally with TA and data:
- In terms of TA and indicators, The 1D RSI has been on overbought for weeks and also provided a bearish divergence in mid march when we made a new ATH.
- The fear and greed index is a great tool to use as confluence with other technical indicators, used in conjunction with RSI for example we can tell if BTC has anymore room to grow during this rally or we need a pullback to refuel. In this case, the fear and greed index has been above 70 since the beginning of February, peaking at 90 which historically shows a local top.
FA and Geo-Political influences:
- The Halving takes place this week, in the past we do usually get a sell off pre-halving, 20-30% drop's are also common during bullruns so this isn't too much of a surprise.
- Geo-political escalations can cause uncertainty in the market, The COVID crash comes to mind where we have a capitulation event, I don't see this pullback as anything near the COVID crash severity, however, with conflict growing in the Middle-East it is possible risk-on assets such as BTC can suffer as investors become cautious and defensive.
For this week I will be keeping a close eye on BTC reclaiming 4H 200EMA, if that is possible I believe the alt market can begin to recover, until then I do think the market will still be cautious. Flip the MIDPOINT and make it support then we're risk on, rejects and we're still playing it safe.
Could 50K Bitcoin Be In The Cards?Hear me out... I know it's just a couple of days before the halving, but the selling pressure is still strong on BTC and has hit the 60K level without showing signs of slowing the pace to the downside. This makes me think that 50K-52K is possibly in the cards because there really isn't much support until that zone as the order blocks are showing on the 4hr timeframe. Other timeframes are looking very similar.
We may have some ups, we may have some more downs, and guess what, we will have some sideways time too. What is important is that you make sure you are following the trend for your time frame. If you are trading short term like myself, you are hopefully capitalizing on the short side. But you may be in the camp that you are buying the perpetual dip. If so, then you are just hopefully dollar cost averaging into the market on these drops to the downside.
With global tensions high in the past week, the markets haven't been very favorable for the number-go-up crowd, but for those that know how to trade the volatility, you should have been doing pretty well either way.
Are you buying the dip bullish or are you shorting with the bears?
Would love to know in the comments!
SOLANA UPDATE SOLANA has been one of the best performing large caps this year. A strong L1 project that has an ATH of $260 from the previous Bullrun that has made a huge rally off the lows.
My pessimistic side is worried that the rally has been exhausted, we've reached HTF RESISTANCE as well as a STRONG BEARISH DIVERGENCE. There is a strong case to be made that using TA this would be a great place to take profits. Not necessarily go short, but de-risk and enjoy what would have been a roughly 5x from lows.
We also have SOLANA being used to buy SOL memecoins, we're seeing this across the board with AVAX and INJ too, we've reached the memecoin phase of the run which also leads me to believe this move is coming to an end. Just how long the memecoin run will last, who knows, but it will come to an end as they always do, and usually very suddenly.
For now TA says to de-risk, however FA is running the show for now, we'll see for how much longer.
BTC BULL CYCLE PREDICTION This post is an idea I had about predicting this Bullrun cycle top using the previous cycles pattern.
The general rule of the pattern is:
- Bullcycle last 1065 days
- Bear cycle lasts 365 days
Knowing this we can predict that the end of the Bullrun will be... OCTOBER 2025. Meaning we have 670 days remaining.
Estimating the peak price of BTC is a bit more challenging, we know there are diminishing returns with every complete cycle, the first cycle had a % drop of:
Cycle 1-2 = 97.15%
Cycle 2-3 = 82.14%
By continuing the pattern of percentage drop of 15.01% per cycle, we get:
Cycle 3-4 = 67.13%
Using the previous Cycle % gain of 2,108.27% multiplied by our % drop off we get:
2,108.27*0.6713 =
1,315.24%
or
14.1524x
This then gives you % gain from start of the bull cycle. The bottom was $15,473.7 so...
$15,473.7*14.1524 = $218,989
~ $229,000/BTC CYCLE TOP
Obviously this is all theoretical, I wanted to have a prediction post to look back on after this cycle but also to have a plan to sell long term holdings when price nears this area.
Many aspects of the cryptocurrency world would have changed by October 2025. Mass adoption, ETF's, Regulation and so on will change the landscape of the market, this may be the last cycle of sizable gains before volatility leaves the space.
670 days left to make generational wealth.
Uniswap's Rollercoaster: Next Stop, New Highs?Similar to other cryptocurrencies, Uniswap presents a scenario where we're concluding Wave 3 and now developing Wave 4. This Wave 4 is expected to retrace between 38% and 50%. We're setting our stop-loss below the level of the subordinate Wave ((iv)), to accommodate the possibility of this level being revisited without being stopped out. The upward trajectory remains unclear, as we await the completion of Wave 4. However, like with others, we anticipate surpassing the level of Wave 3, aiming for a maximum of $25.28 with Uniswap
ADA/USDT SPOT BUY SELL ZONES 13.03.2024I am pretty bulish about ADA , it left so much liquidity and few high time frame BPR's (balance price range/ double imbalances) during the last drop.
This BPR's are will be my take profit levels, only about 30% of my spot position will reach the ath (even if it ever will). It is possible target to reach but i am playing it safe.
Green thick bars are places to buy, for quick correction, deeper, and my favourite: correction for the entire upward movement. I will place there my orders waiting for quick wick
ONDO 4H After a big flash crash during Friday seeing BTC once again test the 4H 200EMA support, the altcoin market took a much bigger hit that we've seen for some time.
In these times it's always good to see how projects react to these market conditions. A strong reaction at key areas after a big pullback can show that there are big players willing to add to or make new positions further increasing the validity of that support level and giving the project a platform to continue moving up. The best case we've seen of this is ONDO, as the chart shows a perfect pullback into the FIB levels which align with a bullish OB provide a great support area, a strong reaction has put price back to where it originally was before dropping with a textbook V-shaped recovery which is rarely found across the crypto market right now.
ONDO is a big player in the RWA sector, a lending protocol supporting tokenized securities as collateral. With open collaboration with massive entities such as BlackRock and Morgan Stanley and Larry Fink personally saying he believes in a Tokenised future. I think it's easy to see why the recovery has been so strong, perhaps even BlackRock themselves buying up the dip?
I think the future of ONDO is bright, now a TOP 100 coin and big time backers targeting range high will be dependent on BTC but with the halving coming soon I believe it will behave. Next Target is $1, the FIB EXTENSION levels often give good price targets but one step at a time.