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CRPTOCURRENCY

Bear Market RoadmapThe bear market has been underway for a while now ever since the top in April 12th 2021 I believe we have been in a bear market and in a distribution phase, even though we did make a higher high later on the year I still have come to the conclusion that we are indeed in a bear market. The TA i posted a while back “The satoshi Prophecy” while still not technically invailded because in that TA my thesis is that May 2022 is the top for the cycle based on a Fibannaci time sequence of Chain Link, I still think it will eventually it will be invalided coming May 2022 as not the cycle top but as the bottom of the bear market ,you can check that out below. As soon as we lost the 8/1 Gann on Bitcoin I new things were about to get rocky but I still pushed and thought we were in a bull market because I kept finding things that backed my May 2022 cycle top case for example I posted the blue fibonacci log theory which you can check below . Weeks later we would break the blue fib log after that there was no case for the bulls anymore , historically breaking the blue fibonacci log confirms a bear market. In reality breaking the 8/1 Gann and not holding as support should have been the line but I was so focused on the Chain Link Fibonacci count that I did not see things coming, check out below on how we broke support the week of new year. Normally to trigger a Bull market or continue an uptrend we hold 8/1 as support and break higher like below in 2020. So what comes next, well looking at the golden multiplier trend lines we can see whenever Bitcoin follows below the last orange line we enter a bear market , right now we have been under it for a while now. Once below Bitcoin normally bottoms on an average of about 120days and breaks above the orange line in an average of 270 days which would put us in September to break out and amazingly May 2022 for a bottom , amazing that it lines up with May 2022 So what can we expect is a retest of the orange line at one point that ends up in a failed rally happens every time in history in a bear market 2011 2015 2018 Present Day Showing a possible outcome for this year 2022 So now we come to the most important piece of evidence that we are in a bear market and that would be the June 2018 bear market fractal that has played out 1:1 almost perfectly . Present Day with June 2018 Fractal June 2018 pattern Also cover this in the TA below It is a mirror pattern , mind blowing stuff and during June 2018 we also had a MACD bearish cross on the monthly which has happened now as well! So if the June 2018 bear market fractal plays out we retest 33k and create a double bottom sometime in the next 10days maybe and then have a rally to the orange line we talked about before which more or less lines with the 0.618 you can see that in the main chart above . There is this 3/1 Gann which I have been following for a while that Bitcoin can’t seem to break take a look at the TA below . I believe Bitcoin will most likely fail to break this gann line until we form that double bottom and finally to finish off volume , we had no capitulation volume come in , every time we have a major bottom or top there is a huge spike in volume. So how I think 2022 plays out 1- Revisit 33k form double bottom 2- Rally to 0.618 or orange line(Golden Multiplier) anywhere from 45k-56k to Mid-late March 2022 3-Get nuked down into May maybe capitulation wick down to 25/27k before closing at 30k 4- Come out of Bear market September 2022 5-Cycle Top June 2023
BITMEX:BTCUSD.P
by Sporia
1
Bitcoin Price Action Day trade SetupHello as we seen bitcoin price dropped of on 32950$ level then we have seen a bullish sentiment on the market price action and it push to 45850$ and got rejected and it dropped again 39490$ area which we can consider it as correction of that bullish sentiment. So i am accepting that the price of Bitcoin will push up again to the previous area and it may breakup this time to the next resistance area. So i decided to go long for next couple of days until it hit my Take profit or Stop loss zone. What do you guys think let me know on comment below. Thank and we will see you all again on my next trade.
BITSTAMP:BTCUSDLong
by Market_Maker-
2
Bitcoin Dump on the 4 HourHello hello hello, yes I am only everyday and so far this is no change to my chart. Okay so on to pressing matters, Price has dumped below the uptrend seller limit I had set and there is a potential chance that it will make it's way to the next supply zone. However, I find that to be highly unlikely due to price not having touched the lowest trend line in ages. Being that the trend line was in charge of the initial buyer flow before it had initially taken off to the new highest high point, it will be a challenge for sellers to break past such a solid line because there are players out there ready to stop the flow. HOWEVER, the dump is particularly strong and on the 1 hour time frame, sellers had broken through the previous floor with no retaliation from the buyers side. There is something I will like to mention, there is a small seller candle with a short wick on the upwards section at Feb. 17, 2022 19:00 which confirms buyer presence and price seems to have slowed down right underneath the current trend line which shows there is a potential chance for things to slow down and consolidate. I would not trade at this point due to how volatile bitcoin is now but I would like to say that on the RSI section of things, price had hit a floor there that has shown good bounce backs. There was one event where price had oversold on January 21st and the 22nd for a few hours but had shot back out after trying to find itself. I do feel as if this is the limit for the dump but if not, there is a possibility that the next level will be the previous supply zone which is set around $39,000. I would suggest waiting this storm out and seeking a buyer candle confirmation and a small retest of the zone to see if it is actually as consistent as I make it out to be. Happy trading and once again I did not proof read this. If you found clarity using my ideas then enjoy and I wish you the best. Please do not over trade due to stress and economic disparity because you will be in a worse position if you trade now and screw yourself. What's 3 hours or so to you? Take a nap and your cash will still be there or don't and lose the cash and your despair will be worse. Pick and choose. The masters can trade on the shorter time frames and utilize the harmonics indicator and Bollinger bands + RSI to get a perfect entry but please don't do that now because anything can happen. A perfect setup could appear but bitcoin could do the exact opposite and just nuke itself the other way and take all of your cash. Anyways, no more parenting for me haha. Patience and wait for retests always. Price always repeats itself, just like war and games. It's all the same.
by Cordali
2
Capitulation down to the 200 weeklyI think this week has been a very important week for Bitcoin and I have not seen anyone talk about the fact that the 200 weekly moving average is now at the previous all time high at 20k. This is a very important thing to take note of because we have never closed a weekly candle under the 200 week moving average in Bitcoins history it has been a hard bottom for Bitcoin in bear markets and even the Covid crash 2020 , take a look below Also found something interesting in this chart and that is the last time the 200 weekly hit the previous all time high in December 2017 it was the top of that current cycle, just something to keep in mind. So there are three projections I'm currently following right now , take a quick look at my previous TA to get an idea on where I come from with this TA. Any price action under the 0.5 or 0.618 Fib means nothing , until we close and hold 0.618 as support we are still in a setup for a much larger distribution leg down. The leg down will most likely find a bottom at the 200 weekly moving average which as of right now is at 20k but if we quick estimate we find the 200 weekly would be somewhere around 23k-24k by May 16th 2022. So I have laid out three different outcomes I'm following right now . Green Circle - This would be the lowest probability outcome out of the three ,come May 16th price breaks 0.618 and the bull market resumes. Red Circle - This would be the highest probability outcome , come May 16th major pivot for a huge leg down to the 200 weekly. Blue Circle- I would say this one is somewhere in the middle , come May 16th price will find a new cycle bottom at 23-24k at the 200 weekly. It all comes down to how price reacts in this orange box ,if we do get any sort of rejection of this area or a double top pattern forming that would be the confirmation that the red or blue circle will play out. We already had two 55% draw downs , whats one more to the 200weekly at 65%? historically it would be the best time to buy Bitcoin , one thing is for sure if we do hit 200 weekly you can expect OTC outflow to hit all time high.
INDEX:BTCUSD
by Sporia
BNB - Potential TP of Cup and HandleBYBIT:BNBUSDT 1H trend chart - BNB is forming a possible cup and handle on 1H. Here is the status of handle building. If price can break out downtrend line, trading strategy as below. - Profit Targets: a) 397----Fib(1) b) 407.15~411.25----Fib(1.272~1.382) Stop losses: a) 381.45-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
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