USDJPY Bullrun 198 Pips MatrixVMy first post after 1 1/2 year
The bearrun got broken and the market rejected
GG ez MatrixV
Bullrun
IOTA/USDT - Complex overview for USD altcoinsIOTA / USDT (Binance) - A comprehensive look at the trend of altcoins in USDT pairs
IOTA is a token that was among the first in my portfolio in 2018. Overall, this is probably one of my first purchases ever, so I always have a bit of nostalgia in this chart. It is not fundamentally bad at all, but at the same time it has not yet delivered a revolution on the Internet in a similarly broad-spectrum Internet of Things (IoT). However, I don't want to write specifically about this pair, but it seems to me to be a good example of an average altcoin in terms of chart.
👌🏻The current altcoin market takes three forms:
1. - Charts such as HNT, STX, SOL, BNB. They recorded tough corrections, but their growth in the previous bullrun was so impulsive that even such a tough market correction failed to send them to long-term PoC structures and their long-term up-trend is maintained (including Bitcoin).
2- Charts like IOTA - Despite strong growth during the last run, they failed to get prices above their ATH and the current market situation sent them to the historically strongest Point of Control levels (in the case of IOTA - $ 0.285)
3. Newer charts like MINA, DYDX and others - haven't warmed up in the market for a long time, they have managed to make nice impulsive structures, but their chart has not yet experienced a bear market. This puts them at a disadvantage, as the structure lacks long-term PoCs as in the case of IOTA or BTC. It is these last 2 types of charts that are beginning to suggest that perhaps due to the influence of LUNA, perhaps only the macroeconomic situation, USDT pairs will have to create longer-term accumulation zones (about 1 year) before a possible next bull run.
👍🏻Still, the vast majority of long-term charts are in sharply declining bullish patterns (most in falling wedges). Although the slope and pattern may indicate the end of the correction, and following a hard pump breakout, it makes more sense to the exact opposite. Of course, strong pumps can come and we will see 100-200% growth in the market again, we will probably have to wait for a new trend to start.
- This view may be one of the most basic things on the market and that is CYCLE. Each cycle on each asset of the international financial world takes place in 3 phases. Uptrend / Downtrend and subsequent consolidation. The condition of the enormously declining altcoins is beginning to indicate the bottom. Personally, it would make sense to me to create one short-term low in the form of a wick, which would come after the SL and liquidators of the currently recruited longs. However, I would venture to say that there will be an area of LONG-TERM BOTTOM.
❕Current prices for HODL perspective are more than luxurious, we didn't even dream about it half a year ago, and therefore the period of the coming months is more than suitable for the accumulation of favorites for long-term (HODL) positions. As in every market, only the meaningful will survive, so choose projects that have a product / ecosystem or global implementation. My modest estimate (of course it could be wrong) is that in the next year there will be a chance to take 100-200% profits on the altcoins several times, but we will probably have to wait for some more significant bull run and REAL alt season, maybe up to one year.
✅ Gradually, after creating a new low, I will start to accumulate the HODL portfolio on a large scale. At the same time, we will use this drop to gain middle-term positions with targets of 50-200% and we will try to use the lower volatility on HTF for LTF trades to multiply the USDT portfolio before the re-green year, which could come about 1 year before the halving (the one for so far it is published on August 12, 2024). As a result, we will focus our strategy on next summer.
1D chart:
Bitcoin Long Term Analysis 💰I want to take a closer look at Bitcoin's price weekly logarithmic chart.
This is my view of Bitcoin right now.
we look at bitcoin in several ways.
1- Long term channel (purple)
2- Short term channel (green)
3- PRZ - fibo retracement and extention
most powerfull PRZ zones: $22000-$23000 and $11000-$11600
4- Head and Shoulders = it's target is about $18000
5- also last ATH (about $19000-$20000) is a strong Support
so my buy zones are: $22000-$23000 & $18000-$20000 & $11000-$12000
CRYPTO.COM +200% Crypto.com an exchange token has been following a specific fractal that has been seen in the 2018-2019 bear market for bitcoin.
This of course is purely speculation and shouldn't be taken seriously until we breakout of the descending channel, I do believe however that we are coming to an end for this years bear market and personally this is when I will be dollar cost averaging into coins that have big upside potential... CRO being one of them
Not financial advice DYOR.
BTC 22k range first and 93k ? BTC BTC BTC
WE START THE ciycle from the (10 dec 2018 price was 3122 $ ) here were wave 1 start and it hit ( 13k$ at 24 jan 2018 )
we had a nice zig zag correction (5 waves down inside wave A followerd by ABC inside wave B followed by 5 waves down inside wave c )
we HAd zig zag correction ABC AND we found the bottum at ( at coved in 16 marc 2020 price was 3850$ )
here we finished wave 2 corrwction and we start a big wave 3 impulsive it end at ( 2021 / apr /12 price was 65k )
AT 65k bitcoing start ABC correction WE call it ( expanded flat correction )
us we can see wave A from the correction start from ( 65k 2022 12 apr ) and it end at ( 2021 / jun / 21 price was 28k )
WE start wave B and it gose above the last ATH and it end at ( 69k 2021 /nove /15 )
AND now we in wave C the final wave off the ( expanded flat correction ) expect this to end at 18-23k range
1- quations why u think this( expanded flat correction ) ?
2- why u think this will go higher ?
answers
1- we start wave 1 and have a zig zag correction on wave 2 { that's 70% sine we could have a ( expanded flat correction ) OR ( daignal correction ) }
we saw wave B make a new high so that's why this is an ( expanded flat correction )
2-
Awe in 5 impulsive waves sinse 17 dec 2018 we finished wave on wave 2 wave 3 ( and now we in wave 4 the ocrrection wave and it took the ( expanded flat correction )
so if i am right we will se btc hit 90k at less on wave 5
B
if we check the RSI we see a falling wedge at the must 70 % this break to the up side ( and RSI is other sold rn )
if we see the chart we can see bitcoing if just drop so hard from wave B from 69k and didn't have any corraction all the way down so that's sine they will come back to
69k market makers they left liquidity up the will go to take it
Next Cycle Top for BitcoinI want you guys to tell me when Bitcoin could possibly reach its next cycle top. I have three suns illustrating where this may happen. Out of these three which one do you think it will be?
NAS 100 LongI believe we still have a lot for bullish momentum for yesterday's session that well continue to give bullish push
BULLISH on ETH for the next few months
Mostly overall bullish on ETH over the next few months. Moving averages are slowly reversing from a downtrend. News seems very bullish with new merge incoming in August. Arrows indicate my predictions to come. Great time to scalp for lowest prices for entry. Good luck have fun traders.
BITCOIN BULLISH SCENARIO 32000 USD?Hello traders!
¿What's going on?
As I posted previously, I really doubt that Bitcoin is going to see price levels below 25.000 USD on the next weeks. It would be too much pain and fear for the market.
Before a new crash, I think we will see this week a new bullish impulse, reaching price levels of 31.000 USD - 32.000 USD.
On the chart, you can see a classic impulse & retracement formation. If the 1H candle closes above the EMA9 we can see a bullish today. If it fails, the scenario is totally invalid.
What are you expecting?
This idea is based on nothing, but it needs no regulationINVESTMENT CONTEXT
Joe Biden said Finland and Sweden would enjoy the “full, total, complete backing of the U.S.” as they apply to join NATO
Ukraine ruled out ever conceding territory to Russia as part of a ceasefire deal. Andrzej Duda, Poland's President, commented that only Ukraine's parliament should decide the nation's future
U.S. stock market indexes recorded their seventh straight week of losses, while earnings from the country's largest retailers disappointed on consumer taste rotation squeezing margins
Christine Lagarde said the European Central Bank was on on track to lift its main policy rate back to zero by the end of September. During the weekend Lagarde remarked that cryptocurrencies are "based on nothing" and should be regulated
PROFZERO'S TAKE
ProfZero welcomes the positive stance that permeated the blockchain space during the weekend, bringing BTC above USD 30.5k at the time of writing, and lifting all Layer-1 coins (with the exception of XRP) even after May 20 trades into deep positive territory. ProfZero already praised the possibly divergent trade that could be opening between the blockchain space and Wall Street - yet it would be reckless to rule out the risks inherently linked to taking positions in the same box-shaped formation already seen in weeks 2-3 of April. The bottom may not be there yet - and ProfZero definitely won't like to be the one finding out
Goldman Sachs strategist David J. Kostin joined JPMorgan Chase quant Marko Kolanovic asserting that asset prices now have fully priced a recession - but a downturn is still far from concretely materializing. ProfZero agrees that the selloff has indeed wiped value even where fundamentals were solid (think of high-quality tech like Apple, AAPL and Microsoft, MSFT, or the very same Amazon, AMZN); yet the absence of near-term catalysts to rev up markets is the biggest missing element for a rebound in the weeks and months to come
The ECB indicating a quicker-than-expected exit from negative interest rates territory (Q3 instead of Q4) is in fact one of those catalysts ProfZero thinks have not been fully priced by markets as of yet - without evening mentioning the continent's ailing growth
As world leaders meet in Davos after a two-year pandemic break, key on the agenda is de-globalization and new "fault lines" in geopolitcs. Speaking of which - whose fault, actually?
BTC - another Dead Cat Bounce is Here.If you ask me, what will be the price action for Bitcoin in the coming months, here is the answer.
You can agree or disagree with the reasons only.
Not financial advice.
Enjoy the Digital Silver - ETHEREUM BULL RUNNot financial advice.
Enjoy the awesome bull run with the awesome Ethereum.
Sell in January 2022.
Why BITCOIN can do something it hasn't ever done in the past Since Bitcoin was invented, it has been through 3 halvings which resulted in 3 bull cycles.
2012 Halving -> 2013 Bull Cycle
2016 Halving -> 2017 Bull Cycle
2020 Halving -> 2021 Bull Cycle
Next halving date is estimated at March 2024.
After 2013 & 2017 Bull Run cycles, Bitcoin hasn't ever retested previous cycle all time high (ATH)
Why was that?
Bitcoin has always created support area before it topped as we can see on the chart.
After 2020 halving, Bitcoin grew so fast into 2021 Bull Cycle that it didn't create a potential support area below 28.000$.
If 28.000$ area doesn't hold, due to lack of support between 28.000$ and 20.000$, Bitcoin can dump and retest previous ATH.
CRYPTO Bull Run Around The Corner?? 📈😜🐱🏍The weekly structure is looking interesting. What do you think??! I would really love to see another Bull Run for sure.
Share What You Think Down Below!!
#LETSGO!! Secure the bag!!! 💰💰💰🤑🤑🤑💰✔📈🔥🔥🔥
Kadena and Elliott wave ruleSeeing this chart makes me confident we're seeing Elliott wave alternation rule playing out. If one correction is flat, the other is a zigzag and the other way around. Also impulses after a flat corrections are often (but not a necessity) more agressive. In this case it was. Don't expect a degree of same impulse in the 5th wave.
1. To be noted sideways movements happen in a form of flat corrections, triangles etc. and last longer than zigzag sharp corrections. In our case, second wave is a clear running flat correction and lasted longer than a sharp.
2. The other thing is that sharp corrections are deeper than flats. So even if we take this case from COINEX and all the wicks, the flat is still a bit shallower to sharp one.
Hopefully this panic is the bottom. If it is, the most rational thing would be to chop and slowly grind up. We also tested previously untested support. All Elliott wave rules are spot on. We could go lower, but not much more.
Also watch out for the $4,4 price are. If we smash it, it's game on.
BTC - the only macro you needAll Elliott wave laws, thesis, observations are valid and pretty much textbook.
Alternation
wave 1 -> usually completely fades
wave 2 -> zigzag, deepest correction
wave 3 -> most dominant
wave 4 -> sideways expanded flat, long but not that sharp and deep
wave 5 -> most euphoric and normally retail driven
Rising channe
Wave equality? Perhaps That would put the target to cca. $120k if we goin similar to wave 1. But if we are following the channel, top is in at about $200k. Two areas to look for.
What's most important: we have wave 5 in front of us :) In a few months, welcome to mania .
THE ICP STORMHello guys,
Continuing my previous bitcoin's post of buying the dip opportunity. I share with you the altcoin project for which i have the most ambition. In my mind, and that's my own personal opinion, ICP is a game changer, in the alt industry. I'm pretty close to be a BTC maximalist but there is a few project that at i like in the crypto sphere. I let you do your own researchs.
For now let's look at the ICP/BTC chart (cuz it's my job right ?) and i'll not lie, i see a gorgeous trade opportunity for people who trust in the project. I have been waiting for so long to see this pattern finally complete (nearly one year). I'm in for the run. Wish me good luck.
Feel free to comment my idea.
Hope you are enjoying my work, like and follow to support me.
Have a nice day ladies and gentlemen.
As always i'm not a financial advisor, you invest and you trade at your own risk.
LUNAUSD LONG TERM BUY Millionaire year for y’all .. buy it in Coinbase as well do so.
Don’t miss this buy opportunity.. it’s under 1$ the more you hold .. the bigger the spreads will get and the payout will come out very nice
SPX, End of half of century bull run? Lets hope not !Today, I finally decided to publish what I have in mind for several weeks ! End of half of century bull run? Lets follow !
I really did not want to publish this idea since it is really terrifying but, as it is a possible scenario right now I decided to warn readers to just keep this in mind . This will help us to be cautious when opening long positions, to set our stop loss carefully, to not consider every new low as a ((buy the dip chance )) and to try to manage the risks.
As shown on the chart , Elliott wave count on monthly time frame suggests a possible scenario which is not a good one at all !. This scenario shows that a bull cycle started on 1974 may have been completed and we are just at the beginning of the huge correction down to the territory of shown wave IV. This is one of the Elliott waves guidelines which suggests the end of larger degree wave 4 correction in the territory of smaller degree wave 4.
There is one more pessimistic scenario which gives a chance to completion of a 90 years bull run which if true, may GOD bless the market!.
Lest hope this sell of to be just the correction of bull run started after pandemic low . In this case we will see a new ATH after end of correction but we have to keep it in mind that even in this optimistic scenario we are in final leg up of this long term bull cycle shown on the chart and the collapse of the market is inevitable soon or later.
We have FED Meeting in next two days , decision the will make and the path that they will show probably will direct the market in upcoming months.
There is no way to be successful in trading except being realistic and following facts and figures not hopes and wishes !
Realistic BTC Bullrun TargetBased on miner difficulty this could be a realistic target for the next bullrun.
BTC BREAKDOWN - DAILY CHART ANALYSISHey Traders!
Today i want to show you my BTC Chart Analysis on the daily timeframe.
What happened?
- Bitcoin did break down of the big bear flag and dumped 15% since then and now reached the strong $30000 - $28500 support range.
What do i do now?
- I bought into spot again today with 15% of the margin i want to invest and looking to DCA more into the market if we break down this level.
What happens next?
- If we not hold the $30000 - $28500 range and break down again i will target $24500 - $22000 which i believe will be the really bottom of the current bearmarket. There i will buy a lot and open some long trades aswell.
Trading Ideas
- I will long $30000 - $28500 with dca and a 20x Leverage ( I not recommend using 20x! High risk )
I think that range is a nice entry for a long with a good risk management. Im using 20x because im an experienced Trader but i would only recommend going with 2x-5x here if you want to play it safe.
I hope you guys like my idea :) I would love to see some feedback!
