Bullrun
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?
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.
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 !
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!
ETH Bottom detectedI know this is so out the box, but I believe in patterns because they are just human behavior and that's just predictable. So I think we are at the bottom, Every time we see a red sell off vol , to me it's a sign of a bull run. So I am 100% bullish. by end of week we are going up.
Never take anything anyone says as investing or trading advice. and never trade or invest more than you can afford to lose, because you could lose it all. Sure we could all get right too. Good luck.
BTC: In depth analysis on bullish potentialRight now we are approaching the yearly low and a liquidation level that usually gives strong reactions at the same time, in my updates I will outline my cases for this as a sustained run beyond 40k, as well as a possible bottom soon
Please see below for the comprehensive analysis