CRPTOCURRENCY
Ethereum Cycle Top Idea (80k)I know its ridiculous right 80k Ethereum is that even possible ? Well Gann Fan showing that really it is possible , the 2/1 ratio line is most likely going to stop Ethereum in its tracks right I don't see it pushing past this ratio but even if Ethereum just touched this line it would be something special. So lets see what prices Ethereum would be touching the 2/1 line by month
June 2021 12k
July 2021 16k
August 2021 18.5k
October 2021 21k
November 2021 24.5k
December 2021 30k
This area in the yellow circle is where Ethereum will reach its cycle peak most likely. I have included Fibonacci time zones as well and I get a date of June 2022 ,interesting because my intracycle top idea for bitcoin peaks in April 2022. So lets say Ethereum did peak june 2022 on the 2/1 line it would put Ethereum at 80000 dollars.
Puell Cycle Top TimeFrame (BTC)The Puell Multiple is going to be the key for knowing when the cycle top is reaching its conclusion. Is it going to tell us the week or the day? of course not this is one of the reasons the Pi Cycle failed because there will never be a model that gives you the exact date of future events unless you discovered a crystal ball in that case DM me.
So with Puell , we can get a possible idea of the cycle top, you can see clearly that whenever we reach Extreme Zone 2 (Yellow Circles) a cycle top is reached. Also this area I marked in red has a lot of confluence, price reacts very aggressively in this area , last cycle those 40% pullbacks touched this area time and time again.
At the moment we have come right down to this confluence area so a big move is building up in the background. When price broke above this confluence area last cycle , it took 230days to reach cycle top if the cycle repeats the cycle top would land somewhere in August 2021. Something to keep in mind also is that whenever we broke past Extreme Zone 1 (blue box area) price peaked within on average of 21 days , things move very quickly once we enter this zone.
www.lookintobitcoin.com
Gann Fan (BTC)This area here is high risk for entry for longs, wait for at least a 4hour close above this resistance line ratio of 4/1. If we close above we just have one more resistance area to break before we move to all time highs of 70k plus .
Now a rejection here would be a classic bitcoin bull trap and we could see much low levels maybe even a retest of 53-55k. At the moment we have four six hour candles rejected off 4/1.
Inverted Perspective (BTC)Sometimes inverting the chart can give you a interesting perspective on price momentum. simply right click the price list on the right hand side of trading view and a drop down box will will show "invert scale" , you can even do it now as you looking at this TA.
Not looking good for now , if we break 2/1 we could revisit 50k.
Path to ATH (BTC)Price needs to break past a few layers before we can see a all time high again , price hit ratio 1/1 and has had a massive bounce and also closes a 4hour candle above the next ratio 2/1. So far things looking good but everyone should be cautious until at least we break 4/1 at around 59k.
44000 Possible Bottom (BTC)The 4hour RSI is forming a triangle with a decision point by May 4th 2021 which also aligns with a Fibonacci Time Zone.
The 4hour RSI also has formed two lower higher points , to early to call bullish divergence but a third lower high and we would start to see momentum shift.
Important Points
44000 is where there 21 Weekly EMA currently sitting
May 4th Fib Time Zone .
Fear and Greed Index 27 (that's only 15 points of COVID fear levels!)
alternative.me
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." — Warren Buffett
Bull Market 21EMA (BTC)In the last cycle bitcoin dropped about 5 times to the 21 weekly, 3 out of the 5 times the weekly RSI hit about 53. In fact to start the bullrun last cycle we started off the 21 weekly exactly the same as this bullrun
The 21 Weekly moving average sits at about 44000 and the weekly RSI is currently at 57, play close attention here because while every is panicking and selling there bitcoin we can prepare for the next long.
If the price comes back down to 44000 and the weekly RSI hits 53 and we get strong signs of reversal it could be an amazing entry.
XRPUSD 1.05160 - 9.31 % LONG IDEA * PRICE ACTION AND STRUCTUREHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THEXRP / USD.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
1Inch Breakout 1Inch can is moving towards a up trend, we will get confluence by:
- Next 4hr candle is above the trendline
- its above the displaced EMA
- MACD (blue has crossed over the orange line moving upwards.
It will be a small pump, I need to do more research and find out the partnerships with 1Inch.
I'm a beginner trader, these are my ideas, I'm documenting my journey.
I believe this will be profitable buy in the short time once we get the candles above the EMA
Feel free to comment below.
$THETA broke out of 3 weeks consolidation, what now? Theta coin has made an impulsive move to the upside and broke out of its 24 days long consolidation between 11 and 13.5, and it's currently retesting the breakout as new support. This is healthy price action and provides us with an objective entry anticipating more upside. It is also supported by a few indicators.
Pros:
- Broke out of consolidation box between 11 and 13.5, now bouncing as support.
- 4hrs bullish divergence. Price made high low when RSI made a lower low.
- It's currently making a bullish wedge after a successful breakout.
Cons:
- Could be a false breakout, with volume significantly decreasing afterward.
- We haven't confirmed the breakout of this bullish wedge yet.
Entries:
- Aggressive buyers could choose to enter now between 12.8 - 13.8.
- Conservative buyers should enter as the price breaks the falling wedge at 13.8.
- The trade is a 3.2 R/R trade indicated on the graph.
Personal PT: 16.51 / 17.48 / 20.28 (unlikely in short term)
Personal SL: 11.8
If you find this helpful please give a thumbs-up and good luck trading!
LRCUSDT BuyHello Traders!
LRC is very close to the support area and it is moving downward inside a small channel. A downward channel near the support is the bullish sign. You can enter here or you can wait for the breakout to enter.
Target Will give a 25% gain of the investment.
Don't forget to hit the like button and follow to stay connected.
Intracycle Top Idea (Part 2)This is a follow-up to my previous TA which I will link down below. It is very much possible that a blow of top scenario plays out around 100k and if that does happen then the chances of that been a intracycle top increases dramatically.
If price does pop at around 100k on June 8th 2021 and then comes back down to the 0.5 Fib and holds, the intracycle top theory can quite possibly become a reality , interesting times ahead!
Fibonacci Time Zone Dates :
June 8th 2021 - 104k
October 12th 2021 - 59k
April 13th 2021 - 260k
"There is no top for Bitcoin as there is no bottom for fiat"