What happens Next? (Version 2)Is the Bitcoin price boring you?
It seems like nothing is happening with Bitcoin just boring sidways movement , or is it possible we are setting up for a launchpad to 100k. The October 2020 breakout took Bitcoin 48 days to regain 12500 dollars from where it dropped. At the moment its only been 29days where will price be on the 48th day? will the pattern repeat? , I will link below same idea with a line chart instead of bar chart.
CRPTOCURRENCY
Money Flow Index Flashes Rare SignalThis is the 5D timeframe on Helkin Ashi.
It seems that the Money flow index has flashed a very rare oversold signal now these green and red circles should not be used for trading as the creator of the indicator explains but we can have a look past to see what happened when these signals flashed in the extreme oversold zone.
So the green circles in the oversold area have only flashes 5 times in Bitcoins history, a very rare occurrence.
These are 5D candles so the dates below are the starting dates of the candles.
18th October 2011
08th September 2014
15th July 2018
15th July 2021
27 December 2021
So just because this signal flashes in the oversold area doesn't exactly mean we going up , 08th September 2014 and 15th July 2018 we went down and 18th October 2011 and 15th July 2021 we went up so right now it's a 50/50.
So even it failed to call the bottom every time all these signals had an impulse move to the upside except 08th September 2014 .
So now it brings me to the most interesting find which gives yet us another clue into the future . Whenever price comes down into this oversold area we always form some sort of bullish divergence that triggers massive moves to the upside and right now we could be doing just that repeating a divergence fractal from 15th July 2018/Dec 2018 and 15th July 2021/27 dec 2021 , if you notice both hit the oversold area at 20 then about 150 days later hit a lower low, this could be in fact the same divergence playing out , on sunday we will get a better picture once the candle closes.
Also at this very moment we are printing what seems to be a heikin reversal candle. Check out the picture below.
Check out TA's below to see where the market could top for 2022
Money Flow Index Repeating Pattern!This is just another amazing find really it was staring at me the whole time and I didn't notice!
Look at this incredible pattern playing out! The same pattern as the 2019 run amazing! , recently i posted two other TAs on the MFI that i will link down below.
There isn't really much else to say! Buckle up!
The Path to 185k (Bitcoin)There are two ways we can go up to 185k.
Red Bar Pattern
A massive impulsive wave starting January 10th -30th 2022 and then price consolidating sidways for a while before a 30-35% correction sometime March-April 2022.
This period during March-April will cause alot of panic selling and doubt in the market that the top is with Bitcoin at 120k , but price will come back down to the 1.618 at 85k before heading back up for a top at 185k.
Green Line Pattern
Price will gradually be moving up slowly grinding up to higher levels over time with a correction again around March -April. This option for me is much less likely because normally final legs of the bull run have much more accelerated momentum as greed turns the market in mass euphoria.
Solana Breakout Before January 13thTop Chart - SOL /BTC Heikin Ashi candlestick
Bottom Chart - SOL/USDT Japanese candstick
Pretty clear breakout for solana coming very soon sometime before Mid January 2022. Using the SOL/BTC chart with Gann Fanns on Heikin Ashi we can see a clear squeeze coming in. Infact using this SOL/BTC chart with the Gann Fans would have resulted in some great short trades.
Even tho three rejections of the 8/1 Gann Fann is very bearish we have to remember that is a Dominance chart and not a price chart.
Straightforward trade here on solana high reward and low risk.
Long 173
Stop Loss 167
Take Profit starting from 330 upwards
May cycle top prediction for solana 1000 dollars
Anyone know if there an exchange that offers inverse sol contract on margin? :P
Money Flow Index Weekly DivergenceThe money flow index is an amazing tool to spot divergence on higher time frames doesn't work that well on lower.
On the weekly time frame with the close of the candle on the 27th of December 2021 we have confirmed bullish divergence. Just take a look at the chart and see all the massive moves that follow when weekly divergence on the money flow plays out.
Remember this is a weekly chart on Heikin Ashi ,momentum can take time to move.
Dollar Goes Down, Bitcoin Goes UpWhenever the dollar drops we tend to get Bitcoin Rallys not all the time but there is a correlation to take a look and compare.
So when the dollar broke the 8/1 Gann ratio in June 2020 what preceded was one of the largest Bitcoin rally in history. As you can see once under the 8/1 Gann things drop pretty quickly.
Since the dollar's double bottom formation in January 2021 we can really say that Bitcoins 2021 has been a long accumulation of sorts as the dollar rallied. The dollar has been in this ascending channel since May 21 2021 and has broken the 8/1 Gann but now is the important part the retest of the 8/1 Gann if the dollar fails to hold the 8/1 Gann as support it gives a much higher probability of a Bitcoin Rally.
This time round the dollar failed to even touch the 0.618 showing more weakness then last time, lets see how things play out.
What Happens Next?Everybody is still debating if we are going into a bear market or are we in a bear market , the only thing these questions do is distract you from what is about to happen .
Look at the facts in the charts :
October 2020 Breakout
Green Box - Pump breaking 8/1 Gann
Yellow Box - False Rally (Distribution)
RedBox - Price coming back down and holding 8/1 Gann as support and reaching Max Pain on market sentiment.
Orange Box - Disbelief Rally
Present Day
Green Box - Pump breaking 8/1 Gann
Yellow Box - False Rally (Distribution)
RedBox - Price coming back down and holding 8/1 Gann as support , also reaching Max Pain on market sentiment.
Orange Box -????
We can see things clearly playing out like the 2020 breakout same pattern as before . It is designed that way to create as much confusion and false signals as possible before the rally and when it comes most traders will be at a point of disbelief so they won't enter the market till much higher.
Just take one step back and look at the whole picture and market sentiment , traders are the most divided now , everyone has their own idea on what's going on and what's about to happen but nobody is really paying attention to the chart.
The fact is you can clearly see the same pattern playing out that fooled everyone in 2020 thinking Bitcoin was just ranging with that drop from 12500 to 10000 , when in fact it was the best entry in trading history , could this be the second ?
Its time to stay focused and not get distracted with small 5% moves this is all noise.
Shiba watchHere we are shiba analysis. We see shiba hitting the resistant line. Broke up to .000004. Doing the regular pull back. If shiba holds and make higher high we may see a bull run in the next few weeks. Alot of holders around the world holding shiba. Shiba broken The Golden line. Watch this coin. Like and follow for free analysis.
BITCOIN Possible Demand Zone for New Year Long JourneySignal: Blue * N
Confirmation: Blue -> Green, or Breakout the Resistance Line 48100, 52200
BTC , BTCUSD , BTCUSDT ,BTCUSDTP, BITCOIN ,CRYPTO,CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
The Satoshi Prophecy The final run of the bull market has begun!
Ever since June 2021 I have had two scenarios playing out for a Bitcoin cycle top.
December 2021 and April/May 2022, The TA below shows just that , two Cycle peak zones.
By the end of July I came to the conclusion that it was highly unlikely for December 2021 to be the cycle top so I focused more on my second cycle peak zone April -May 2022.
Why April-May 2022? , how on earth did I even come up with such a timeframe? The reason is Chainlink ,I have been using the same Chain Link/Bitcoin dominance chart for 3 years for trades with 100% success right , 100% how is that even possible? Well I play around with fibonacci time sequences alot and even link sequences together that have not even triggered yet in the future and in doing so sometimes you get sequences that play out to the exact day.
What you see below is a Fibonacci sequence that has played out perfectly on every count since I discovered it late 2019. Since then every trade based on this Fibonacci time sequence has resulted in massive moves.
Fib Time Counts :
2 Feb 3 2020 - 71%
3 June 23 2020 - 345%
5 March 29 2021- 88%
8 May 23 2022- ???
So what does the next count bring? This is the longest Fib time sequence I have been following ,for nearly 3 years waiting for these Fib counts to play out and it's been extremely profitable so far. These sequences act as pivot points most of the time , if you follow my profile you know that I use this tool a lot , sometimes you get amazing reactions and sometimes you get nothing. I think the next count brings the cycle top for Chain Link on May 23rd 2022 which connects with the same Fib time sequence as the Crypto Total Market Cap Excluding BTC! The next Fib sequence is guess what! May 16th 2022!
I can go on and on showing all the Fib sequences that line up around that time but I have chosen two of the ones that started this whole idea of a cycle peak April/May 2022. So far the Altcoin market peaked 28days after a Bitcoin cycle top in 2017 and 19 days after this Bitcoin mid cycle top this year at 64k April 14th 2021. So it is possible that Chainlink Fib sequence could be a clue into the Altcoin market top which puts Bitcoin cycle peak then possibly late April to early May 2022.
There is also a litecoin Fib sequence that could be playing out right now that again shows the next count to be 30th April 2022 or 5th of May 2022 and since litecoin mirrors Bitcoin it lines up with a cycle peak early May with the altcoin market peaking 15-20days after which connects with the Chainlink Fib sequence.
So how do I know the final leg is starting? Well what you see in the chart right now playing out is a perfect textbook 8/1 Gann ratio setup. The perfect setup has finally come , all conditions are now met for liftoff.
First attempt failure at 8/1 Gann , which normally happens on marco Bitcoin moves (RedBox)
Breaking the 8/1 Gann ratio (Green Box)
Coming back down and retesting as support(Yellow Box)
In the TA below dated October 12th 2021 I go over the idea that Bitcoin needs to come back down to test the top of the 8/1 Gann ratio but by the end of October I figured it's not coming back down. At a 65k Bitcoin and so far from the 8/1 Gann you get the idea that there is no way in earth we come back down to 46k but here we are over 60days after breaking the 8/1 Gann we came back down and tested it as support and completed the perfect setup.
As always nothing is 100% in this market but the 8/1 Gann setup like this on a macro scale for Bitcoin has an extremely high success rate.
Targets for this bullrun
Bitcoin -185-200k
Chainlink -200
ETH -14000
ECOMI -0.03(0.10 possible with they announce pokemon NFT before april 2022 and get coinbase listing )
And there it is, the perfect 8/1 Gann setup that will make human history when Bitcoin passes 100k.
“It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.”
— Satoshi Nakamoto
8/1 Gann Fractial Before LIFTOFFSo there could be a fractal evolving right now above the 8/1 Gann . The chart on the left is from sepember 2020 to October 2020, as you can see Bitcoin tends to form a sort of W pattern above the 8/1 Gann ratio before liftoff . We could right now be seeing the same thing play out with a even clearer touch on the 8/1 Gann than the 2020 breakout. If you want to have a look at the zoomed out version of the 8/1 Gann ratio look at the TA below.
It is surreal seeing the this fractal play out again above the 8/1 .
MATIC buying the dip if PA Already have a large holding of MATIC but this potential dip could be an opportunity to increase holdings.
Looking at retracement level followed my descending trend line breakout.
ATHS have already been surpassed and overall sentiment for Polygon up as with a ton of other Alts.
$TVK WILL PUMP BY %126If you're looking for %126 ROI long term. $TVK is here for you. Just hodl and watch
like and let me know your bias
Thanks
Litecoin Caution over 1000 DollarsA long time ago i discovered a trend line for Bitcoin that stems from the start of the coin. I have posted about these lines for a while now in Bitcoin but they appear in other coins born from 2015-2017 latest. I call these Genesis lines , they always have important reaction events throughout the coins history take a look at the Bitcoin one below .
As you can see this massive trend line was support then flipped resistance , same thing that's happened with LTC.
So if price is entering the red box and coming into the week of May 16th 2022 it will most likely be the best moment to sell , to think we going higher in this zone would be a emotional mistake and way to risky , take profit and walk away , to bet against this mufti year resistance line is a gamble one should not take.
O nce LTC closes a weekly above the 0.618 at 270 dollars , it will trigger maximum momentum .
ETHUSD Possible Setup-accelerating upward?Hello my friends, today I want to talk with you about ETH
Target 4600$ weeks coming , with a little more consolidation and correction we can expect a short-term bull cycle getting repeated and ETH breaking its ATH once again
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
OMI ,clock is ticking OMI saw a massive correction taking it down 46% which is pretty much the best sale of the year .
Price bounced off the 2/1 Gann and in just three days broke through the 3/1 and 4/1! showing real power. The question is really if we getting massive volume and momentum like this before exchange listing on coinbase , whats going to happen after the listing?
Once 8/1 is broken and held as support all time high will come shortly after , buckle up.
coinmarketcap.com