Bullrun
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.
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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!
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.