BTC Path to $66KAs a continuation of this idea
Price is going to complete 50% retracement at 55k to 54k region before a wave C to 66k begins
Please feel free to like if you agree and comment
CRPTOCURRENCY
CHZUSD LONG/BUY ASAP - Take Profit at 1.0084000Technical Analysis
1. Large Pennant / Falling Wedge
2. Market broke out of Pennant and Retraced to Top Trendline of Pennant
3. Fibonacci Retracement at 0.786 (Silver Zone)
Intracycle Top Idea (BTC)Today I have been going over the possibility of intracycle top playing out for bitcoin. In the past there has been one cycle that has had a intracycle top and that was the cycle of 2013 , price peaked and crashed only to come up later that year to put in a higher high.
The Fibonacci Time Zones I have set on these dates have been working really well so far at pin pointing potential pivot points in this bull run. If price does peak at 125k on June 8th 2021 there is a possibility that it is a intracycle top, with another peak following on April 13th 2022 at 320k.
The Genesis Line
This red dotted line you see in the chart acting as resistance goes back to the very beginning of bitcoin it has acted as support and resistance through the years, its by far the line that has the most confluence points in bitcoins entre history.
So from peak to peak in the cycle 2013 , it took bitcoin 235 days , the number I get using Fibonacci time zones is 298days if there is a intracycle top , also a 50% drop to the 0.5 fib would be in play since price has been dropping back to the 0.5fib the entire bull run I will link my previous TA showing exactly that.
Since there has only been one cycle before with a intracycle peak there is no real strong data to go with , one data point doesn't hold much weight. One thing's for sure is that this red resistance line is no joke and I strongly believe that its going to play a big part in bitcoins future, i will link below a picture of the Genesis line.
ibb.co
Large breakout imminent!!!Several patterns to take into consideration here:
There is a large ascending triangle, marked in green, which is a bullish pattern and gives a likely target of approximately $70000 after a break up and approximately $43500 after a break down.
An inverse head and shoulders pattern can be seen within the ascending triangle, sharing a neckline with the resistance of this triangle. This also gives an approximate target of $70000 after a break up and approximately $51000 after a break down.
For about the last 6 months bitcoin has been bouncing between support and resistance in a very large narrowing rising wedge. Technically, this is a bearish pattern, however it is evident that we are in a very strong bull trend at the moment and the possibility of breaking up increases due to the ascending triangle and the inverse head and shoulders
Possible entry for next leg upEvery time we have created a ATH in bitcoin this bull run its eventually pulled back to the 0.5 Fib.
Is it possible that this time round it does the same will it find a local bottom at the 0.5 Fib at 52362?
Also Fib Time zones is showing 10th of April for next potential important date.
Looking for these key signs for long entry :
Strong volume breakout
0.5 Fib to hold
0.618 Fib Wedge to break.
🌧️ THETA Possible BreakoutTHETA has seen some considerable gains recently, but there could be more. THETA is developing a large bullish flag, and a breakout of the descending wedge could signal more upside. Watch for a breakout approaching the end of the flag and ensure that it finds support around the $12.12-$12.66 levels. From there, we can expect a rise to $17.8 or even $22.4 depending if you go by the length of the flagpole or the height of the flag (:
This could be a huge buying opportunity alongside news of THETA's NFT marketplace dropping by 26 April, giving hints at a bullish rise.
Bitcoin Trendlines and WeekendsThere many trendlines that you can follow this bull run for me its this one , it has by far the most interesting confluence points and it starts with the run breaking previous ATH.
What I have noticed is that this trendline is a catalyst for momentum and more importantly it seems to happen on weekends. Whenever we bounce off this trendline on a weekend we trigger massive momentum for the upcoming week and follow through in that direction , so far there has never been a reversal on a weekend or the week following on this trendline.
As of this morning price again bounced off this trendline just like the other 4 times this bull run so its repeated exactly same pattern , the only thing that is missing here is volume we have been contracting massively on volume.
I think the next move for bitcoin will be massive sort of like the candle we had February 8/9th and break through 59k resistance next 7days possibly.
Head and Shoulders formed for Cardano ADAOn a 4 hour chart, ADA has formed head and shoulders pattern. Though ADA is still trying to recover from Bitcon's fall earlier today. But doesn't looks like it is over yet. There are two scenarios that are possible.
Scenario 1, ADA to continue to recover and continue in same parallel channel. But this looks unlikely at this stage
Scenario 2, There is higher possibility of this happening. If ADA takes this route and be ready for some significant drop in ADA prices over the coming days.
Currently ADA is at the neckline, which is a very critical stage. Hopefully by tomorrow we have firm decision on where it's heading.
If you like this pattern, dont forget to Like and leave your comments
NOTE: These are my personal notes and should not be taken as a financial advice. Do your own research
Cycle Bottom July 2022 ( 45k )Every Cycle the price has bottomed at the 0.382 Fib ,so if history repeats that would put this cycle bottom at 45924.
By following the current trend and by using the resistance line from the last two cycle peaks we get a potential timeframe for this cycle peak which would put it sometime late July to mid August.
Also we get the price of 223000 , so what's interesting is that a 80% retrace from that point lands right on the bottom of this support line dating back to 2015 and down to the 0.382 Fib which also hits on this Fib Time zone on July 2022.
RIOT. Riot. riotEarnings coming up and it could go either direction when the trend line meets at the symmetrical triangle.
Volume needs to be picked up as today it was around 1/2 of the average volume we typically see in RIOT.
BTT next move towards 0.0039? With BTC going down, BTT is now almost oversold crazy. Looking at the chart it might be forming an ascending triangle. MACD is looking good aswell imo and divergence too. I expect a move upwards if btc holds up and will not go down.
Let me know your thoughts.
THETA MOONING!!! Can ti hit our targets? 100% - 300% Returns!This coin has a lot of bullish momentum. The possibility of hitting the TP 1 is there which is roughly an 8 billion market cap increase however to have a 3x towards TP 2 would be the equivalent of a 24 billion injection. I am not familiar with the project too much and with cyrpto, that is entirely possible. Me, however, I am waiting for a retracement prior to entering.
GOOD LUCK!
TOTAL2 665.2 B * CRYPTO MARKET CAP SUPPLY HELLO EVERYONE
Here's some insight on the crpto market cap, supply based dealing with the Circulating supply , Total supply & Max supply.
JUST FOR INTEREST SAKE
HOPE THE MARKET IS TREATING YOU WELL A GOOD ONE...
ETHUSD UPDATEMarket is currently testing a key structure support level, we are waiting to see how market reacts to this zone at the moment we are rejecting, price needs to stay above this zone else we could see a much deeper correction to around $1400 again we are waiting for correct confirmations before dropping to lower timeframes and looking for a valid entry here.
Litecoin - LTC - buy setupMy trade plan for Litecoin:
If current projection holds, Litecoin could see min. $255.
If we break below $190.69, the projection will be invalidated.
Give me a follow and I will post more charts.
Good luck and trade safe.
1inch/BTC also ready to perform reversal soon? One more post for 1inch/BTC pair.
For 1inch/USDT pair, you can go to my profile and find below:
"1INCH 4hr chart waiting for breakout? + Project review"
For 1inch/BTC pair, seems it may perform a bullish reversal soon?
- Key support level 0.00007000 Sats (highlighted by yellow box )
- Dropped more than 60% for this correction
- MACD almost turn to green candle.
- Using Fib Retracement (1.618), 1inch/BTC pair may go to 0.00022937 Sats next round?
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
Cardano Consolidating Poised For A Big Move To Fresh New High*Update* Currently Cardano Consolidating Poised For A Big Move To Fresh New Highs.
Cardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH , currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9.
Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control.
Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08.
Overall very bullish outlook on ADAD with a long-term price target of $9 EOY.
A further retracement to Buy Zone 1 is expected looking at the 13 EMA as this could possibly touch price levels just above the 50 SMA before we continue on this bullish impulsive uptrend as further profit taking is expected at these current levels. Note the bulls are still in the market with such strong fundamentals and positive news expected around the ADA hard fork on 01 /03/21 with the development of Mary and note possible Ethereum killer. Happy Sunday Traders lets have another great month ahead of us!!
ALGO this is a profitable coin!Reason why Algo is good investment. It's giving a 6% interest rate of what you invest one of the highest interest rate.
XTZ also give you a interest rate of 4.6% which started before Algo and hit to $5.60 per share. ALGO will surpass XTZ quickly as XTZ is currently only $3.60
Target over $5 dollars in the long term.
Follow for more analysis.
Vet Update 13 Ema about to cross up 50 SMA Buy ConfirmationVechain's price soared to a new ATH on 12/02/21 reaching $0.606 on the Binance exchange. Following the new ATH there was a small retracement before trying to push past the resistance set at ATH , but this failed to break on 19/02/21 and was met with huge selling pressure at these price levels, retracing down further, quite sharply after 4 days on 23/02/21 touching the 50 SMA on the daily chart with a low of $ 0.0341. The downward pressure was met with a sharp bounce on the 50 SMA recovering in a day 24/02/21 back to the 38.20% Fib retracement level showing strong signs of Bulls still in the market. As of the past 3 days the price has been consolidating between a small range between the 38.20% Fibonacci retracement levels and 23.60%. Further to note the price on 2 occasions has tested to break below the 50 SMA failing twice signalling strong bullish pressure and signs of the Bulls to continue driving the current price to test the ATH yet again whilst also setting the sentiment of a possible new ATH at the 127.20% Fibonacci retracement level @ $0.0702.
Furthermore the 200 SMA has been tested at 3 occasions on the 4H Chart, failing to break past this level. Vechain is in a perfect zone for Buys back towards the ATH . Stochastics on the Daily chart signal an extremely oversold market so expect Vet to push back 55% back to ATH levels and Further 74% to 127.20% Fibonacci with the potential to set a new ATH in the coming days to weeks in March.
The Fundamentals are great for this project and we are very bullish and can see EOY price target between $2 to $5. Buy Zone 1 @ 23.60% Fibonacci retracement level for the perfect sniper entry. Be patient, wait for confirmation before entering any buy. Happy Trading :)
Polkadot Buy Signal from Script triggered Ema crossover SMA Polkadot (Dot) Buy opportunity! Potential 68%+ Gain to set a New ATH of $50 at the 161.8% Fibonacci Level. Dot's price soared to a high of $42 on 20/02/21. Since setting this new ATH , it has lost some momentum, retracing down to a low of $26 on the 23/02/21 after such an impulsive move, but currently it is still trading 45% above this low 4days ago on the 23/02/21.
The fundamental outlook for Dot in the long-term is great and still very much bullish , its total Market Cap is at $33.7 billion and currently ranked 6th biggest digital currency in the world after Bitcoin , Ethereum , Cardano, Binance Coin and Tether. Over the coming month we expect Dot to retest the previous ATH of $50 at the 161.8% Fibonacci extension .
Note this may not be a straight forward push, but a bullish momentum powered by 3 push phases. Use the Buy Zone area to map your entries, Zone 1 at the 23.6% level and Zone 2 at 61.8% Golden ratio. Overall, there is a high probability that Dot's price will break out higher (68% Gain from current price levels) as the bulls target the next resistance at $50.
The Parabolic Channel (Bitcoin)This is a follow up idea to my previous TA and prediction of 185000 cycle top for this bull run .
In my last TA i go over how 185000 Bitcoin could possibly be the cycle top and today I found two potential different paths leading towards that target.
White Trend Line
The first path is this white trendline, you can see on the chart we have created this very strong support line since October 2020 , if Bitcoin does continue on the trendline we could see a cycle top much sooner than we think.
Cycle Top
July 20th- August 15th 2021
Yellow Curved Trendline
Cycle Top
November 15th - 1st December 2021
But by far the most important find for me has to be this parabolic channel, its a very interesting channel which shows when Bitcoin enters its final phase before the cycle top, the average percentage increase when entering the channel is 169%.
If Bitcoin price increases 169% when entering this parabolic channel that would put a cycle peak at a potential 182000 to 185000.
