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Will history repeat itself? Interesting comparison from 08' & 22I was looking at the start of April 2008 through May 1st 2008, when I noticed similar price action from April 2022 through May 1st 2022. On both charts, at the start of April to the 1st May the price fell an average of 16%. Since I know what happened in 2008, I used the fib retracement to see how much of retracement the NASDAQ would go and how long it would take. On the left chart, you'll see NDAQ retraced back to the .618 level on Wednesday, May 7th. then got rejected by the 200 day moving average. The following week the CPI report for April was released Wednesday, May 14th which caused a huge dump that lasted to the third week of May. That dump was a total of 19%. That is insane! So, I started to think maybe the same thing will happen this current May 2022. It is very possible that history will repeat itself. I decided to fib retracement April-May exactly how I retraced it in 2008. According to my calculation it should take 7 trading days in May 2022 to reach the .618 fib level. That is exactly where the 50 day moving average is at price $172. This is the same day the April 2022 CPI report will be released Wednesday, May 11th. If we retrace by then and then later the market dumps 19% like it did in May 2008. The dump will hit a current major support level at $140-145 zone! Well isn't that a coincidence? That price level $140-145 became the major support on Jan 2021. The same year that inflation started to take affect on our economy. Could it be possible that we crash this May as a symbol to end inflation?
NASDAQ:NDAQ
by Trebor_Namor
2
Great Recession Fractal - This time is different?Greetings everyone. Check out my chart comparison of the period just prior to the stock market meltdown (on bottom) to where we are now here in 2022. Looks awfully similar to me. All kind of voices screaming don't fight the FED this decade plus long bull market. Now with the FED raising interest rates leading to demand destruction with the intent of combating inflation; those same voices believe they are bluffing. Capital from Europe and Japan is flooding into the dollar, not crypto and equities. If this plays out the DJI is likely enough to revisit the flu lows ($18K) of 1st QTR 2020 and BTC heading to $18-$20K on it's macro Wave 4. Cash will be king during this short term deflationary period until they print more stimulus, which I predict will be close to the mid term US elections.
TVC:DJI
by CryptoDude79
Bitcoin OlympicsLook at the similarities between both wyckoff accumulations. The only thing that scares me is that all of crypto twitter expects this. crypto twitter might not be the best indicator, but media is a part of how the fear & greed index is messured so i think it's worth mentioning. What i mean is that, if everyone expects it to drop towards $40,5k one last time, there will be so much liquidity below that level. This might cause large institutions or the composite man to send bitcoin below 40k towards lower imbalances or orderblocks...
BITSTAMP:BTCUSD
by Juniorl09
BITCOIN 2017 VS 2021 COMPARISONI DONT HAVE PRO ACCOUNT SO I CANT MAKE ANALYSIS FROM 2 CHARTS AT THE SAME TIME SO PLEASE LOOK INTO WHOLE CHART, IF YOU LOOK AT THE LEFT SIDE OF THE CHART YOU WILL SEE 2017 CHART WITH FIBO LEVELS Hi everyone, this is very simple comparison where I used fibo extension levels for comparison between 2017 bullrun and now. The key leves are at 1.618 and 2.618. THIS IS JUST MY OPINION, I am not saying we are goin to hit those numbers but I am pretty sure that we will see some upward movement based on fibo levels. Sum up: 2017: 1.618 level: 11 870.93 USD 2.618 level: 18 613.72 USD 2021: 1.618 level: 105 687.50 USD 2.618 level: 168 558.21 USD PS: Always remeber, wait for confirmation! Feel free to comment and share you opinion! I am still learning so your opinion is welcomed! Happy trading to everyone!
COINBASE:BTCUSDLong
by pejko_
3
PLEASE CHECK THIS OUT, BOUGHT ATOM LOWI wanted to make a chart here showing my trade of ATOM. I do not have a lot of money so I am slowly waiting for the right moments to by crypto to sell off at 10-30% gain. In this idea, I was working like normal and spotted a drastic drop in bitcoin. Per the usual, all the altcoins followed in a quick dip. I wait and watched to see if this looked long term or shot term. Once i spotted recovery in btc I immediately bought ATOM. If all goes well here i should see a 20-30 % gain and then cash out and wait for my next opportunity. I am new to this so please keep in mind I may have gotten lucky. Would love any feedback!
COINBASE:ATOMUSD
by Loves2trade007
2
BTCUSD - 2013 vs 2021 - More similaritiesHi and thanks for visiting, glad you're taking the time to read my analysis. If you are familiar with my previous analysis, you know I pointed out that there are a lot of similarities between the 2013 and 2021 bull runs. If you're not familiar with it, I suggest you go and have a look at it here: Now I found even more similarities : The time it took for the 2013 mid-cycle high to be broken was pretty long, 30 weeks (7 months) to be precise. Now look at the 2021 cycle, the 30th candle after the mid-cycle high is the one that broke above it. In 2013, after breaking above that mid-cycle high, it took only 3 weeks to reach the 2013 ATH, reaching the 2.272 fib extension. Does that mean that we will see the same now in 2021? To be honest, I doubt that we'll move up that fast, the 2.272 fib extension is around the 200k USD mark, and I don't think we'll reach that by the end of November. So, keeping that in mind, I think it's more realistic to see a price around 100k by the end of the year, and potentially reaching that 200k level in Q2 of 2022. For what it's worth, I'm not a financial advisor and this analysis/projection is just my view of what I think is possible. If you want to put money on the line, better do your own research. So, what do you think? Where do you think bitcoin will take us by the end of the year and what do you think is going to be the cycle top? I'm looking forward to your comments and as always, if you liked this idea, a 👍🏽 would be appreciated.
BNC:BLXLong
by Profit_Through_Patience
23
🔥 ICP Copying SHIBA? Massive Break Out PotentialIn this analysis I want to dig deeper into a recent discovery I made. When laying the charts next to each other there are several similarities. 1) When the tokens first started trading on Binance, there was a huge, multi week sell-off that occurred. Both tokens lost 80%-90% of their first daily closing value 2) Both tokens had a very long period of accumulation. During this accumulation period price action was very limited and volume was low. 3) SHIBA saw one major candle on Oct 4th that launched the price out of this accumulation period. This candle was the starting moment of an almost 600% rally. A candle like that for ICP could be the start of a rally like that. ICP is still in this period of accumulation. We saw some nice price action today, but nothing is signaling a break out of the accumulation period, yet. I'm waiting for a strong daily candle which will bring us above $80 before trying to ride the wave. The price has been suppressed for a very long time, so when the price finally goes it will explode to the upside. Naturally, this is a very speculative analysis. However, the similarities are certainly there. Keep an eye out for big daily ICP candles, since it might signal another "SHIBA-move". Happy trading!
Long
by FieryTrading
26
BTC price reversal: comparisonThis could be nothing. Perhaps too simplistic, but the recent rally ending in May looks eerily similar to this recent run. Comparing 1D between FEB and MAY with 12h between July and now. No Elliot/Wyckoff stuff here, simply annotating the tops for comparison. Apart from the price forming a very similar pattern, notice how the volume on both is decreasing and how similarly RSI is printed below their respective waves on both timeframes. I'd be looking for one or all of these to happen on the 12h in the next days/weeks: RSI crashing below 50 Break in market structure - forming a lower low RSI failing to break back above 50 - failing to re-establish the uptrend Forming a lower high (D) (ideally after LL is formed) If this would play out, it would support my previously shared long-term view on the weekly.
INDEX:BTCUSDShort
by S4nra
BTCUSD - 2013 vs 2021 - Similar or not?Hi guys, back with another Bitcoin publication after a couple of months of inactivity. Not because nothing happened, but because my previous analysis is still valid. Anyway, I thought I'd make a comparison between the 2013 and 2021 bull markets, as it is striking how similar they are. Let's start with sharing a screenshot of the 2013 bull run, some annotations that are important are made on the chart: Now let's put the 2021 bull cycle next to it, including annotations : Now let's see what are the similarities : Halving occured before previous ATH was broken No immediate effect after the halving, only a few weeks after Hardly any hesitation when breaking above previous ATH Rise to the 1.618 reverse fib extension without much troubles Decline to the 1.272 extension and bounce to the upside There are some differences too : The 2013 bull run took less time We did not break above the 1.618 fib yet in 2021 ❓ So why does the bull run take more time? The most obvious explanation is that the market has matured compared to 2013, we have BTC futures now that can temper price movement and overall I think people are a bit more cautious as well. ❓ What will happen IF we break above the 1.618 fib? If we break above that fib level, and history repeats itself, then a rally to the 2.272 fib, just like in 2013 would not be out of the ordinary. In case that happens, we'd see a high of around 200k USD. 💡 If and when we'll see that is the question, history doesn't always repeat itself, but if often rhymes. As to the when (in case it does happen of course), my best guess is that it would be in Q2 2022 .. But ... this is Bitcoin ... so anything can happen. 🤯 👦🏽Now it's your turn. What do you think of this analysis/comparison and what are your predictions? 💌 Share your thoughts in the comments below. Oh, and if you like this publication ... you know what to do 👍🏽 Thanks for reading! Constructive feedback always welcome! PS : if you found this interesting, you might want to have a look at my other publications below as well.
COINBASE:BTCUSD
by Profit_Through_Patience
175
I change my plan now in XRPIn this update, I wanting to share you a good data analytical that XRP it's up more than Cardano. For that, I want to buy some XRP coins just sell part of my Cardano coins to hold XRP until $3.60 USD. Because XRP could to continue exploding!!! I just sold 6000 ADA and I keep with 8,400 ADA in hold. This it's my plan. I will use 6,000 ADA that I get 10,077 XRP coins to hold until $3.60. I look one thing, XRP could to continue exploding so fast than Cardano and XRP will be so easily to reach the $2 dollar very soon!!! For that, I hold 10,076 XRP coins and I keep with 8,400 ADA coins. Now, I hope that based in this data analysis, I hope to sell all my XRP coins at $3.60 USD to take this profit, and I hope also that XRP will be run the price above of Cardano price. This it's an excellent way that I may to use XRP to invest and re-bought more Cardano approximately like 18,000 ADA to 22,000 ADA to hold. This it's my next plan to accumulate at least over 20,000 ADA as XRP will help us in this rally. Now, I reccomend to diversify your 50% in Cardano and 50% in XRP (just for limited time) to use XRP until $3.60 USD, then sell and use this money to re-bought more Cardano coins.
POLONIEX:XRPUSDLong
by harisonhbn9718
6
Bitcoin & Gold Comparison (Fractal)As I was searching for fractals/similar market structures as bitcoin is showing right now I came across this gold chart from the 1970's. Now when you take a look at this chart there are a lot of similarities. 1. You can see the first top which later on becomes the support area in both charts. 2. Then we see the market creating a top and failing to make a higher high on both charts. 3. On both charts we can see the market sell off after being unable to create a higher high. 4. We then find support on the area where the first top was created. Now I'm not saying BTC will do the same, but you have to admit this all looks very similar. On top of this you can see a very similar RSI structure and Ichimoku Cloud structure. After gold had found its support it went on with an even bigger rally, eventually setting in a real top for that bull cycle. You can see this on the gold chart if you zoom out. Now if Bitcoin will follow this fractal I believe we will see 100k+ prices within the next few months.
BITSTAMP:BTCUSDLong
by Decrazer
2
Gold vs BTC a historical comparisonA comparison of corrections for Gold and Btc, Gold as a less volatile and slower market takes around 8-12 times longer for the duration of submoves and also the bigger move. Similar steps are made, for example a few lows at a certain support before the 4th one breaks it and 2 more follow (for Gold). So far Btc follows a similar trend in terms of duration (if you divide by around 10) and price action (formation of lows). If this continues on it would give more room for lower lows and a time window towards August and September, which historically arent the strongest months for crypto as well. Then we could start a new uptrend from that floor.
INDEX:BTCUSD
by Cofr4x_
Is #XRP About To Pull A #DOGE? Comparative Analysis: DOGEUSD has had an unthinkable bull run in 2021. With Memes, Elon's Tweets & No Utility. Doge 100xed and much more. Now If you consider the fact that #DOGE has Integrated with Flare this may explain the rally, but still at this moment #DOGE offers nothing for its holders & community other than gains. Now imagine what #XRP could do.... The world's most eco friendly crypto with the cheapest and fastest transactions. These simple facts lead me to believe #XRP will have a tremendous Future, and I would assume catchup & outperform #DOGE in the mid/long term! DYOR,NFA, Comment Below With Any Questions About This Idea, Follow For More!
BITTREX:DOGEUSDLong
by contemplatingcrypto
7
Comparative Analysis Hints at Imminent Major Volatility IncreasePlease look at the picture below instead of the interactive chart, if the trend lines are not shown in the upper chart. This relates to the major indices, including CURRENCYCOM:US30 , TVC:SPX , and CURRENCYCOM:US100 . Here, I am focusing my analysis on Nasdaq100 (US100) given that it's the most volatile with the clearest price changes. For each of the past 3 major volatility events, the volatility started to increase with the price passing lower to the trend line. Yet, it didn't happen this time. Naturally, falling below a trend support should be a bearish signal, which usually triggers high volatility; however, for last year the market was fast upwards in an unprecedented way due to its reaction to the COVID19 crisis. The bullish run was slowed down by the correction last summer, which didn't trigger high volatility since the compensating trend was still faster than before. This time, it is different. Nasdaq100 has just started falling below the compensating trend and would probably find support in the pre-COVID19 trend. That is already triggering high volatility which would increase due to the fears of a crash and since many stocks are still over valued. I don't expect COVID19 levels, but I expect the value here to rise to the 30s in the very near future.
CBOE:UVXYLong
by MontyMacht
2
Strong Correlation with Market Brings Crypto SouthStarting from March last year, that is from the start of the massive bull after COVID-19 lockdowns, strong correlation can be seen between the crypto market and the stock market, not in magnitude, for sure, but definitely in direction. This wasn't the case before and this is the reason of the crypto revival to begin with. Few exceptions have been witnessed, most notably the GME squeeze which brought the stock market down but didn't affect crypto, and the recent BTC saturation, even if the directions can still be seen to be correlated. Another notable thing is that the recovery of the stock market is much faster than the crypto market. For the above reasons and based on what's going on right now (also see the linked ideas), I expect a south direction for all crypto assets till the end of the month, including Ethereum.
COINBASE:ETHUSDShort
by MontyMacht