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CRPTOCURRENCY

Fractal of Doom Part 2Check out the TA below first . At the time didn't think of it much but then I took a closer look and what I found is the most amazing mirror fractal from the 2018 Bear market. God dam its hard to swallow this one , seems we have been in a distribution phase all along. Mirror fractal with the double top divergence exactly the same unreal question is do we get the retrace up to 0.618 before dumping again , if so Febauary will be a green month followed by dump mid March 2022. The fractal from 2018 -_-
BITMEX:BTCUSD.PShort
by Sporia
4
Bitcoin is walking on thin ice! or is it ?“Most men would rather deny a hard truth than face it.” ― George R.R. Martin, A Game of Thrones It is important to realize how amazing the technology behind Bitcoin is. Regardless of the price, I don't think anyone can be bearish on the technology. In the long run, Bitcoin will one day become a six digits asset. In this analysis, we will try to take a look at Bitcoin from a few different perspectives in order to be able to formulate an educated guess on where the price is likely heading to next. Likewise, I will also try to present you with some interest theories on what could happen next from a High-Time-Frame and Low-Time-Frame perspective. Let's begin :- Overview : A look back at 2021 As you can see from the chart above, Bitcoin created a high earlier last year at around 64,800 which proceeded to technically bounce at a high low level at 29,200. Many people back then -including myself- thought more downside is likely follow from the resulted price action; A bounce to the golden pocket to create a lower high before going to retest the 20,000 level after all seemed pretty logical! On the other hand, many elliotticians were, rightfully, thinking we were in a 4th wave. And it's most likely that we head back to at least the .618-.65 at around 52,000. Everyone was waiting for break of the higher low at 29,000 to jump on a short. Or a sign of reversal to jump back on a long to the golden pocket. At times, the sentiment was super negative and the price seemed like it was going to break -especially on july20th- and lightcrypto topped it off by showing up on UpOnly with the most bearish talk on that podcast's history. I assume people thought It is going to break down and some may have shorted at the bottom. As a result, Bitcoin being the asset we will know and love, It decided to bounce and give the first sign of reversal, giving many a clear invalidation level below and an entry starting at the 200DEMA. Once you get the .618, you would want to be short with a stop at the .707 or thereabouts shooting for the .886 max and taking profits at the .382, .05 and the .618. Because as we established earlier, the sentiment was pointing at a lower high after that ~50% drawdown. Many of us did just that for a swing, yet the trade wasn't finalized as the price decided to push for an All-Time-High breakout later. Going back a little, once the .618 got rejected, shorts got comfortable, with their stops at profit and they took some profits out. At the same time, a lot of wild theory started to develop. This cup and handle does not have the most textbook look it, but a break above the high then you buy the retest with a safe stop shooting for 90,000. Some elliotticians, were pushing for a completed 4rth wave and now we're just going to the 5th at somewhere close to 90,000 or higher. and more... With those in mind, you can start to see how a shift in the sentiment started to develop. A break over the .618 would mean a likely new ATH or at least a double top. In reality, what happened later surprised mostly everyone as bitcoin rallied above the .618, broke the ATH, created a bear trap then moved back lower. Not only that, but it got rejected out of each retest. Bulls could not maintain the trend. Throwing almost every theory out of the way. We can only speculate and make educated guesses that provide us with setups to profit from. No one knows what the future holds, but we can improvise to catch a profitable trade and manage it correctly. I want to stress that everything is possible, Bitcoin could jump to 100k but could also go back to sub 20k, lower or higher than you and I could imagine. Now, where do we stand today and what do I think ? This brings me back to the main chart above: Structurally, it is still maintaining a High-Time-Frame bullish structure with higher highs and higher lows. The invalidation level would be below 29,200 which is the previous higher low. However, it is important to realize that we can also range between 60k and 30k for a very long time. We swept the high at 64,800 unpredictably so a sweep of the low can also be justified. In fact, if we get the fibonacci retracement levels from the current ATH to the 2018 ATL we get a golden pocket just around there, and we know that bitcoin loves golden pockets and the .618. When that happens it would be a very good high R swing. It is a very good viable option and time sensitive. I am saying it is time sensitive because you obviously don't want bitcoin at that level for more than 2 weeks. So it is not only a good place to layer bids but it can give you a time buffer where if it gets you an entry, you don't have to wait for a stop to be hit if it gets stuck there for a bit, but you can exit to save your capital as soon as you don't get a reaction. The alternative to that would be a break south of the double top giving you a measured move to the 14,000 area. What is great about this area for a long, is the confluence with many other chart patterns and their measurements. In fact if we move all the way back to that same measured move and interesting area for a long we also get a .... 61.8% ;) Yet, we need to be mindful of the time sensitivity that comes with this area, if it is staying there for more than 2 weeks max then I am out, In fact, depends on how the price progresses there I might even exit earlier if I don't see a semi immediate bounce. Is it possible that we never get there ? Absolutely! As we said earlier, on a High-Time-Frame we are still maintaining a bullish structure with higher highs and higher lows. But what I want to see before going back in a long is similar to what I wanted to see at the July 2021 low of 29,200. I want to see the price reclaiming important levels. Mainly the 44,500 area Because if we go up there this would mean we would be above all 4H common moving averages -ex. 200MA&EMA.- We would also be flipping bullish with a few bullish crosses like the 9DEMA and 20DMA. We would also be above the 50DMA. Most importantly we would be above the SR level there. That is when I would consider going back in again for a swing to at least the .618 then the triple top, which would be an interesting to scenario. Either ways, you don't want to shoot to high, I would argue the 0.866 is enough for a target if I get an entry. Because this could also end up as a H&S pattern. Giving you This main chart again or a potential target to 14k.
BITFINEX:BTCUSD
by NasserHumood
4
Bitcoin To 30K. Your welcome. I feel the overview of the Crypto space currently depends mainly on BTC. I wish it wasn't but many eco systems show signs or are forming into a Head & Shoulders. (Most would say this is a bearish chart pattern) Typically with the market reacting in phases. It seems justified that we would see a reset off a 70k ATH, Impulses are met with corrections. Although, due to the market caps Cryptos resets are harsher than most which causes them to be labelled as parabolic correctional phases, as 60% retest off tops is the norm. We also have to factor smart money cashing chips and side stepping bearish market sentiment. If you are trading Crypto, it is best to sell before tops and buy back in at bottoms. Because of this we get a slow down in momentum which causes for divergences to be formed, this indicator is a way of understanding possible traps before they are laid. Quick fundamental indicator you can help use is aligning Miners to BTC price to see what they are doing. If miners are dumping its probably alluding to something within the eco system. I do believe that BTC is due to dump lower, since we have been bullish for nearly a year It seems fair. Also I can see the 30k reset being a great point for a huge bull run next cycle. TA is subjective as such biases will change. Be on the lookout of updates and let me know if you agree of disagree.
COINBASE:BTCUSDShort
by KKirito
2
What now?Bitcoin failed yet again to break and close above the 3/1 Gann , check out the TA below . It completed a W formation, broke out of the 3/1 and then got nuked. Daily did not close above. We had a massive fake out here , since November 15th we have failed time and time to break this 3/1 gann. So my whole thesis on May 2022 being the top is highly unlikely at this point with just 100 days till May I don't see it happening. So what does May bring then , the bottom most likely where is the bottom who knows , 1.618 Fib is the orange line of support you see so hopefully that holds till May 2022. We are close to the bottom I think if we just take a look at the USDT Market dominance we can see its hit resistance , this is a chart I follow to find tops and bottoms in Bitcoin it works like a charm take a look We have this very clear ascending channel and everytime we hit the tops and bottoms of the channel it's a major bottom or top for Bitcoin, last two times it was July 2021 and September 2020 both bottoms , at the moment USDT dominance has never passed this level but I expect it getting to the top of the ascending channel sometime late April 2022 bringing Bitcoin down to somewhere around 28--30k. Beware of the False relief rally that is coming, a rejection of price anywhere in the orange box will be setting up for Bitcoin to go lower. The weekly RSi is at historic lows for Bitcoin and we are still at 35k which is good , take a look below. As always if you have been here more than one year you know the drill stack more crypto everything is on discount. I have picked up more ETH and AAVE today ,and saw a very interesting video on AAVE and how it's undervalued and also version 3 is just around the corner . www.youtube.com There is a small long scalp I will throw in here since it's not very often you get this setup. Market cipher printed four yellow "x"s meaning price has been exhausted and since everything is extremely oversold a bounce should be coming in soon . Stop Loss =34300 Take Profit =37600 I think we can now say the four year cycle pattern is out the window. Maybe we have much shorter cycles now much faster , maybe we don't blow off tops anymore , who knows Bitcoin always seems to do the unexpected and no matter how much you go over previous cycles it still remains one step ahead.
COINBASE:BTCUSD
by Sporia
1
BTC progress on its way to 35K. Important levels! BTC keeps moving as expected. As of right now the movement is steady and it follows the main trend rules. The next levels that we think will affect price are 40800 and 39450. Price bouncing of and reacting to those levels is something that is totally normal. We will be watching this closely on a daily basis and we'll share with you the next support and resistance levels. Follow us, leave a comment and give us a like!
COINBASE:BTCUSDShort
by ForexTrendline
13
A 1000 Dollar ChainlinkDoes chainlink even have bear cycles? , one can say price just goes into a long accumulation period before heading up once again. Secondary Long term channel still intact , I did have another I was charting but it broke that one. Chainlink has had a double rejection off the 8/1 Gann so far. The longterm channel and the end of the 8/1 Gann cross March 14th 2022 , I had been going over the idea of a cycle top in May 2022 for a while using a Chainlink Fib time sequence, it is possible that May 23rd 2022 for Chainlink is not the top but the start off its parabolic cycle up to 1000 dollars June 2023. The chart below you see is LINK/BTC this Fib sequence has been perfect so far at calling major moves in LINK and also calling the bottoms for price next date May 23rd 2022 ,out of hundreds of Fib time sequences I have used in the last 2 years this is the only one that has had a perfect count each time without fail.
COINBASE:LINKUSDLong
by Sporia
11
Ascending channel/Big Day MondayJust a short term TA on the current price action . Bitcoin has formed an ascending wedge and got rejected once again of the 4/1 Gann . We can't seem to break this level finding it has major resistance , Monday is a big day for Bitcoin we decide if we carry on up and break the 4/1 Gann or resume the downtrend. As always set some time fibs , keep in mind this is the hourly chart next fib count would be 2hours from this post but the next would be Monday Mid day well at least for me UTC+1.
COINBASE:BTCUSDLong
by Sporia
5
LTC/BTC reaching end of its 4 year pattern!Litecoin dominance has been a downtrend for four years by the end of February 2022 the pattern will break. As you can see even though its not the perfect Gann placement we still get very good reactions off the 4/1. Also not sure how the MFI is exactly working on the dominance chart but it is so we can clearly see that it does show divergences pretty accurately. We created bullish divergence a while ago but still remained on a downtrend maybe its lagging this time round but normally its pretty accurate. Out of all the coins I follow and chart this one for me is the most interesting , whats going to happen after this pattern breaks? This is not a small developing pattern its been years in the making a break to the upside could send ltc to new places. I have a gut feeling something big is coming and its the "dino" coin coming back from the grave! key: "dino" = Dinosaur Coin Dinosaur =Dinosaurs are prehistoric reptiles that have lived on Earth from about 228 million years ago.
Long
by Sporia
12
The W pattern To 100k (Bitcoin)So I have been going over Log Fibs quite a bit the last few weeks and found amazing patterns regarding the Blue Fib log you see in front of you, take a look at the TA below . What I noticed was that Bitcoin tends to do a double bounce off the Blue Fib log before moving higher, right now with just had that double bounce. Now looking further into each bounce we can see that sometimes Bitcoin created W formations with these bounces. Here are a few examples 2019 W formation 2017 Another W formation 2010 Not as clear be somewhat W formation This is what we could be creating right now and a massive W formation that has taken one year to form. We did the same thing previous years in a much smaller time frame because the market cap was much lower , now that we need to go to 175k the W pattern needs to be much larger to swing that momentum , let's see if it plays out. I also have a different scenario one that is more bearish take which would take Bitcoin down to 35k , I really doubt we go lower if this happens , some of the calls down to 20k is just so ridiculous not saying it can't happen but we talking about a black swan event to get down there. Just take a look , Bitcoin has only ever touched the blue fib log under the 50% line once in 11 years and it was the Covid crash , people think Bitcoins going down to 20k with a simple correction are not seeing things clearly , just look at where a 20k Bitcoin lands same place as the Covid crash , so yeah anything is possible but to get there we need a black swan event at this point. Fib Time Zones 0.5 - 20th Feb 2022 0.618 - 2nd March 2022 1.618 - 23rd May 2022
INDEX:BTCUSDLong
by Sporia
1
185k May 2022 Even Possible? Does it sound so crazy 185k May 2022? Is it really such a massive move? All we are talking about here is a 290% move from 52k , it did that in October 2020 to January 2021 , in just four monthly candles Bitcoin moved 300%. If we close this months candle at 52k or above it will increase the chances dramatically of triggering the last phase of the cycle and since the first part of the cycle was explosive one can speculate we will get a momentum equal or greater than the four months from October 2020 to January 2021. Now I understand that moving price from 50k to 185k requires a lot more money than 15k to 60k but I still think its possible . 15 days till monthly close 52k is the level to watch.
INDEX:BTCUSD
by Sporia
3
The Satoshi Prophecy Will be fulfilledA few weeks ago I posted the TA Satoshi Prophecy , check it out below . In that TA i laid out my entire thesis on why the top will be May 2022 and how we are still in a bull market. Nothing has changed since since December 12th 2021 since i published that TA , my timing on that chart was off but everything else is still intact for now. After everything I have discovered the last few days I'm even more confident that we will push forward onwards and upwards. Just check out these four TAs below that backup my prediction even more. As you can see we are repeating the same fractal as the October 2020 breakout with both nearly perfect mirror fractals on the weekly and daily. Price will start to increase in momentum 10th of January 2022 and the Bull market momentum will be in full swing starting 17th of February 2022 and ending June 2022 latest. Cycle Peak zone would be sometime Late April 2022 to early June 2022 I have been going over this idea for a long time now check out below . Even though the TA above was published June 21st 2021 the idea of a cycle top of May 2022 is something I have been thinking about as far back as April 2021 after the last Chainlink Fib time count , read the Satoshi Prophecy above to understand that part. So there is a clear line in the sand for me there is no other level of support under the Marco 8/1 Gann Fan if we break the Marco 8/1 Gann and close a daily or weekly under its over , that would be the signal for me that a bear market has began. There is no "other" level of support in my eyes , I have added a smaller inverted 8/1 Gann which so far has had hree amazing reactions so thought I would add it . So everything setting up the stage for an amazing run don't be fooled by these small 1-5% moves , the only thing that is not bullish is the Global leverage ratio which is at all time high but from the data this last year all time high leverage does not equal to a drop in price take a look at the picture below with this link ibb.co , in July in fact leverage dropped and price went up. Also, on chain data shows wallets older than 7-10 years are not selling either , so apart from those two things lingering slightly bearish everything looks fine.
COINBASE:BTCUSDLong
by Sporia
8
Litecoin Rally 3.0 (Bear or bull?)Litecoin is pretty much in the same spot as Bitcoin , in a descending wedge but at least with LTC we also have bottom support with the 4/1 Gann which is making the lower part of this descending wedge pattern. There is a Fib time on the 24th of Jan 2022 that could play out to lines up with the end of that wedge but I doubt we will grind down to the tip of the wedge . Sometime in the next 14 days we will find out if LTC starts its bear market we already can count this price action unfortunately creating a lower low for the daily which is not good at all.
COINBASE:LTCUSD
by Sporia
3