BTC AnalysisAfter briefly looking over BTC, We're obviously in a Bearish Market. And trying to locate some type of bottom to end this off, I've found an area of anywhere between 19k-20k. I've highlighted many areas throughout the charts to show where exactly these were. But If price acts as support here we could possibly take the price back to anywhere between 27.5k-30K. And if so, even back up to our resistance trend line, that's when you'd know if it's the BULLS taking over. I'm giving price ranges to give you areas instead of on trying to find an exact point. But invest and trade safely, these are just my personal opinions.
Bullrun
SOL crash patternI copy and past this pattern of steps that seems to be pointing to a continued bear run? But we should be dollar cost averaging here to add coins no mater how low it go's because it will go up and everyone needs a 4 year investment plan.
(for new investors ) Crypto runs 4 year cycles. we just went down for 4 years, not we collect for this last year before we run up to $800 by 2026. I say $800 because SOL is outperforming BTC and ETH in growth, and has been going up when they go down more and more as it becomes it's own beast. Low cost transactions will always beat ETH and SOL will by 2030 knock ETH to #3 as SOL becomes #2. How I will invest in this is placing 4 year long position and shorting some. 50% stays in and never is taken out until 2026 when it then rides short for the next 4 year bear run. The other 50% I will buy low sell high all the way. Adding coin to both long and short each month to grow the investments. This is basically how everyone SHOULD be trading each coin or stock. and you should have no less than 5 coins and 5 stocks you do this to. Some people set it and forget it. This is a safe way to invest. For example. BTC will always go up in value for ever as soon no new coin will be made, so supply and demand as popularity grows, more money will buy more coin, so Your basically always buying to add coin and never sell until you wish to retire and at this point, you would just use a debit card from your crypto acct to pay bills and get a % reward back in what they offer. Right now I use USD out of my Crypto acct to pay for everything, I then get 4% to 5% back in coin of choice (witch ever is paying best at the time) I then convert to BTC, ETH, SOL as they are my guarantee growth coin. Now my money is working for me for free and I'm getting paid to pay my bills. (cash back) or coin back, LOL.
I think Bull run will start soon, by July. So hang tight, and my Favorite coin for this run is SOL for most % of profit to be made. BTC will always be king, but for the next 4 years I'm betting on SOL to shock the world with performance and upgrades that will set a new trend in the way the World has never seen before.
Have a great weekend,
and never invest more than you can afford to lose and never take anything anyone says as financial advice unless your paying them for it.
BITCOIN HALVING AND BITCOIN BOTTOM
406 days before the 1st bitcoin halving,
BTC started BULL run after It went down -81% from All Time High!
546 days before the 2nd bitcoin halving,
BTC started BULL run after It went down -87% from All Time High!
518 days before the 3rd bitcoin halving,
BTC started BULL run after It went down -84% from All Time High!
The next 4th bitcoin Halving will be March, 2024 :-
500 days before the halving = OCT-NOV, 2022
Or,
350 days before the halving = MAR - APR, 2023
From ATH 69k,
-80% Down = 14-13K
-84% Down = 11-10K
-87% Down = 8-9K
-90% Down = 6-7K
BTC vs DOW Jones. Is it really bear market or great opportunity?Current "bear market " i see as a copy-paste pattern that formed on stock market in period of 1999 to 2009. You can see basic structure on upper charts.
On the bottom charts you can see Bitcoin on the left and Dow Jones on the right in 12h time frame.
As you can see current bitcoin structure also very similar to DOW Jones in 2009. coincidence? We will find out very soon.
But even if we look just at Bitcoin 12h then you can see how RSI and Stoch RSI creates divergences right now.
So bull or bear? :)
My bet is that bullrun and alt season are coming this year, when literally nobody expecting that.
Hope i'm right, but it could be just coincidence and we are really in a bear market. All we can do is to be patient and not selling own positions in loss.
Not financial advice :)
BTC: EXCLUSIVE LONG TERM UPDATE! WHEN BULL MARKET STARTS?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. In this BTC update, I'll try to clear all your doubts. This chart is purely based on fractals and previous data.
So let's start.
First Bull Cycle:- First bull cycle of BTC starts before the first BTC halving which is in 2012. After the first halving, BTC made a top of $1k in Nov. 2013 and after that, a 1 year correction period starts.
Second Bull Cycle:- Second bull cycle of BTC starts before the second halving which is in 2016. After the second halving, BTC made a top of almost $14,500 in Dec. 2018 and after that, the same 1 year correction period starts.
Third Bull Cycle:- Third bull cycle of BTC starts before the third halving which is in 2020. After the third halving, BTC made a top of almost $69k in Nov. 2021 and after the month of Nov. 2021, we saw a continuous drop in the price of BTC.
Fourth Bull Cycle:- So according to the history, this correction period till last Nov. 2022 and after that, we will see a bullish rally in the market where the top is around $2,50,000.
According to the above analysis, our first doubt (when bull market) will clear. Now the second important question is what can be the bottom of this correction?
As you see in the chart a yellow MA which is a monthly 50MA act at the bottom of every cycle. So according to this theory, the bottom of this cycle is around $21,300 but that does not mean we did not go below that we might see a wick below the 50MA and that is the best buying opportunity.
Conclusion:-
BTC bottom is around $18k-$22k
The bull market starts after Nov. 2022
Hope after reading this whole update all your doubts will clear. If still have any then you can ask in the comment section or you can also share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
FIMATHE on Bitcoin.This is my TA utilizing the FIMATHE technique.
Do you know what FIMATHE is? It's a technical analysis created by Marcelo Ferreira a Brazilian TA Analist.
According to FIMATHE we are now at a bullish trend.
$ 64000 to $ 45500 (Reference Channel)
$45500 to $ 33000 (Neutral Zone)
The price is targeting the 33k range. With very high support between 33k and 28.7k.
If we broke 33k with volume and full candle close, the price has potencial to reach a bottom at $23500
If 33k holds we could see a rally to 54k.
Not Financial Advice.
Super Rare chart on the False Top theorySo this is just for fun, but even our "just for fun" charts usually turn out to be partial truths. Sometimes they are eerily accurate. According to the past cycles where we got our "real top" and then double peaked with the "false top" that many analysts believe was due to market/geopolitical and inflation conditions- we should see something similar to this for the next cycle. I call this the "Banana Arc" graph. Nobody else in the crypto analysis space has anything close to this and it is purely speculative. I am sure as BTC starts to move with these arcs you will start seeing more people using it, but for now you got it here first. ENJOY!!!
THETA - beautiful channelingQuick writeup
We can clearly see how THETA respects channels it's in. Last 5th wave still awaits. Is this the start? Unclear. If you want confirmation, wait for the price to break the upper border of the channel.
EW basics on chart:
- 5 waves
- alternation law: one correction is flat, the other is zigzag
- zigzag is a deeper one
Kadena - following EW patternSo I've been casually browsing the book "Elliott wave principle" by A.J. Frost (a must have, btw) and came across this sample.
Remarkable how similar these two charts are (hope you see it the pic due to me being on a laptop). It's quite striking that the 5th wave isn't done yet. So if this is to be true, profit-taking target, according to the book, is at 1.618 Fib or ~$45.
Wave 2 - flat; Wave 4 - zigzag -> meaning EW alternation is valid.
Current situation and plan
interpretation of current structure is a possibility of us being in the 2nd wave of the first wave in this last leg up. Expecting more downside and hit of the lower channel line. If not, cool.
BTC starting wave 5 of weekIn monthly i have no idea about BTC because in my idea this at the moment is very sensitive about bubble bursting. But in weekly we can see it just closed wave 4 of week (Elliott wave) and if this is the last bullrun (monthly waves) so i want to see Head and shoulders or Triple top pattern in there. Psychology will be excited if the BTC break ATH 3 times in a shortime and that's what I want to see. Wish you successful trading and control your emotions.
Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed.
Don't forget click like, it's a hug for me. Thank you!