BITCOIN on the verge of a global money supply rally.On today's study we plot Bitcoin (BTCUSD) against two unique formulae that encompass the basic essence of the global money supply. The formula in blue has a differentiation towards Chinese bond yields while the orange on the Chinese Yuan. Both are regressed against the U.S. Dollar and the batch of the U.S. Balance Sheet, Chinese Central Bank Balance Sheet and the ECB's Assets.
BTC bottoms exactly when the orange trend-line bottoms and it starts the parabolic rally of its Bull Cycle when the blue trend-line bottoms on a Lower Low. Right now blue has started to rise after just bottoming on a Lower Low.
This is contrary to common belief and traditional Halving theory, but according to the above monetary metrics BTC may just be starting a new parabolic rally much earlier than anticipated.
Do you agree or it's too soon and you'll wait for the Halving? Feel free to let us know in the comments section below!
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Cryptocurrencysignals
STXUSD Strong bullish extension short-term.Stacks (STXUSD) has closed above the 1W MA100 (red trend-line) for the first time since March 23 and even though it remains within an 8-month Channel Down, we expect to finally break it upwards as the 1D MACD formed the first Bullish Cross above the 0.00 level since since the start of the Channel Down itself.
To make the bullish case stronger, this is coming off the first 1D Golden Cross in 9 months and we can clearly see a technical Channel Up emerging. We consider this a strong short-term buy opportunity towards Resistance 1 at 0.886750.
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ZEC/USDT Secondary trend -94%. Downward wedge. 29 11 2023Logarithm. Time frame is 3 days. Linear for clarity. Secondary trend that formed a descending wedge (bullish potential). This is all down -94% from last cycle's highs of $369.18 Halving (second one in history) will approximately be 17 11 2024. The chart for orientation to key resistance areas has shown the percentages that are very likely to be reached in 2024 (pardon my French).
Major trend. Time frame 1 month.
ZEC/USDT Major trend. 2 halving 17 11 2024. 17/160,18
Simplifying the complex is the key to success.
Simplifying the simple is a guarantee of misconceptions and mistakes.
The key to good work of a trader is knowledge and experience, which always leads to simplification of actions, not to complication !!!!.
ZEC/USDT Major trend. 2 halving 17 11 2024. 17/160,18Major trend. Large time frame for clarity. Old exchange Poloniex (low liquidity) due to long trading history to show everything clearly. As you can see with each cycle the highs are decreasing....
Cycles of life and death . This cryptocurrency is going into its third cycle. It will most likely be the last because of its anonymity. In a decentralized super centralized world, nothing can be anonymous! Am I wrong? States don't need anything anonymous. The demands of market regulation will “strangle” anything anonymous. But, this is later, and before the halving, which will happen on 17 11 2024 with a high probability they will pump up to 160.18$, and maybe even higher, if the card falls.
Saving "dirty money" when CBDC is introduced by banks . Some people think that when CBDC of central banks is introduced, through anonymous coins like ZEC, HMR and so on, big capital will "save" their shadow money. A fairy tale for school children. I have little faith in it. I think such money has been saved long ago. Although this story to create a news background as a reason to pump has a place ....
It's worth noting that BCH and BTC will first halve in April 2024.
News from Satoshi . By the way, "rumor has it" that closer to the summer of 2024, according to the plot of our crypto movie called good/bad, a new “Satoshi Nakamoto”. Will be announced, who will plunge everyone into “uncertainty of actions/consequences” in the market. Rumors also claim it will be the universally hated villain, Craig Wright). Do you think the role will go to another villain, Roger Ver? Or have these two characters already played out and the role will go to someone else? Or maybe the plot itself will be canceled? Perhaps. Time will tell, the manipulators can come up with anything, that's not the point.
Immunity from news nonsense. The main thing is to treat such "crypto stories", even if there is a real imitation of provability, with the utmost equanimity. Remember, no matter what is going on, it is all a hoax to capitalize on the direction of the trend. The news background that is created to accompany price movement.
Line chart.
Secondary trend. Timeframe 3 days
Coinbase Gearing Up for its next MoveHi guys! This is an Update on recent Technical developments found for Coinbase (COIN).
I've successfully identified the Inverse Head & Shoulders Pattern. Check out that idea down below.
We have completed the Return Rally back to test Support on the Neckline. Now ive been assessing if there are signs that we continue the Inverse Head and Shoulders with our final explosive breakout move.
This analysis is done on the 1 day timeframe.
As you can see we have tested and CONFIRMED Support on the Neckline.
After doing so we have inched higher.
Notice now, we are ABOVE the 21 EMA.
With the last 3 days of candles, forming LOWER WICKS off the 21 EMA.
This is a great sign of SUPPORT.
We must continue to stay ABOVE the 21 EMA.
Being Above the 21 EMA on any timeframe indicates that we will most likely have an UPTREND in price.
Notice also the Orange Rectangle. This highlights a consolidation zone. This shows to me that we are building up momentum for our final rally of the Inverse Head & Shoulders Pattern.
A confirmation ABOVE the Upper Border of Rectangle, will indicate Rally may be starting.
To keep us on our toes, just remember that if price action goes BELOW the Lower Border of the Rectangle, we risk testing the Neckline again. Which is always a possibility . As long as we maintain the Neckline as Support, we good.
Watch VOLUME -> We need it to start picking up for indication of the major move.
This move will essentially lead to trend reversal for COIN, confirming the bottom.
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Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on COIN in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
BLURUSD First 1D Golden Cross in history formed!Blur (BLURUSD) formed yesterday its first ever Golden Cross on the 1D time-frame as the 1D MA50 (blue trend-line) crossed above the 1D MA200 (orange trend-line). This alone is an incredibly bullish signal and since the price is trading inside a Bullish Megaphone, the ideal buy entry is closer to its bottom (Higher Lows trend-line), namely the 0.5 Fibonacci retracement level. Our target is the 0.85850 Resistance.
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Trade signal | Ontology Gas (ONG) setting up for upto 30% pumpHi dear friends, hope you are well and welcome to the new trade setup of Ontology Gas (ONG) with US Dollar pair.
Recently we caught almost 55% pump of ONG as below:
Now on 1-hr time frame, ONG is completing the final leg of a bullish BAT move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Venus (XVS) completed setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Venus (XVS) with US Dollar pair.
In the previous trade setup the priceline slightly moved down than buying zone, however, recovered soon and pumped almost 100%.
Now on 1-hr time frame, XVS has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BITCOIN Monthly RSI tells you where the Cycle Top will be!Following our recent Bitcoin (BTCUSD) Thanksgiving study on the trend-line angles, we decided to expand it a bit further and apply a similar reasoning on the RSI, this time on the 1M (monthly) time-frame.
The result is more than informative as, with the additional use of the Fibonacci Channel levels for better display, we see that from bottom to top, every Cycle displays an RSI trend-line on a 40° angle (approximately). Applying the same measurement on the current Cycle, we get a rough date for the next Top at around March 2025. This doesn't of course give a dollar figure of BTC's price at that time but rather tells you to (at least) start considering taking (some) profits on your holdings.
Do you agree with that model? Are going to sell around that date? Feel free to let us know in the comments section below!
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LUNAUSDT Is it coming back from extinction?The story of Terra's (LUNAUSD) crash back in May 2022 is well known to everyone in the cryptospace. Shortly after its collapse and following the last dead-cat-bounce on September 09 2022, the price entered a Channel Down pattern in the last 14 months.
In recent price action we see the possibility for a technical comeback though as not only has it reached today the top of the Channel Down but also is about to form the first Golden Cross on the 1D time-frame since August 17 2021!.
As a result, we will turn bullish if a 1D candle closes above the Channel Down, targeting 2.500 (near Resistance 1). An early bullish break-out signal can be seen on the 1D MACD where it just formed a Bullish Cross on a Higher Lows trend-line. The same pattern during the last bullish leg within the Channel Down, after forming the Bearish Cross didn't invalidate it so quickly.
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Celestia (TIA) again setting up for upto 22% pumpHey dear friends, hope you are well, and welcome to the new trade setup of Celestia (TIA).
Recently we caught almost 11% pump of TIA as below:
Now on a daily time frame, TIA is about to complete a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ETHEREUM Major Bullish Cross ahead, first time since Aug 2020!Ethereum (ETHUSD) is only 2-3 weeks away from completing a Bullish Cross on the 1W time-frame between the 1W MA50 (blue trend-line) and the 1W MA100 (green trend-line). Last time we saw this formation emerge was on the week of August 17 2020.
With ETH trading inside a Cup pattern similar to the consolidation of mid 2019 - mid 2020, we are either on a level similar to July 13 2020 (based on the 1W MA50/ MA100 Bullish Cross) or a level (post a 1W MACD Bullish Cross and near a (red circle) RSI Channel Up top), like January 27 2020.
Regardless of that, the current Cycle shows some more aggressive bias than the previous at this stage of the trend as the price is on the 0.5 Fibonacci level, while on those past occasions it was on the 0.382. Either case, the immediate target is the 0.618 Fib at 2500.
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Celestia (TIA) completed setup for upto 17% pumpHey dear friends, hope you are well, and welcome to the new trade setup of Celestia (TIA).
Recently we caught almost 225% pump of TIA as below:
Now on a 4-hr time frame, TIA with Bitcoin pair has formed a bullish Cypher move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
HAPPY THANKSGIVING! Let's see Bitcoin's price on this date!Let me begin by wishing everyone in the TradingView community a Happy Thanksgiving! A day of joy, gathering and happy family moments!
Aren't you curious to see where the price of Bitcoin (BTCUSD) was trading on this day in the previous years? If so, have a look:
2010: $0.28
2011: $2.49
2012: $12.51
2013: $813
2014: $376
2015: $328
2016: $739
2017: $8,771
2018: $4,015
2019: $7,150
2020: $18,764
2021: $58,927
2022: $16,353
2023: $37,000
So the obvious question is this. Do you see the pattern??
Since 2009 there have been 10 Thanksgiving dates where the price of BTC was higher than the previous year and only 4 where it was lower. Only once we've seen two straight red Thanksgivings and at least two green Thanksgiving dates follow. This year we have a green one, more than double the price of 2022 and in fact this is the first time BTC doubled coming from a red Thanksgiving since 2016.
An interesting pattern that arises on this chart is that when measuring the line that connects the Thanksgiving closer to the Cycle Top back to years, we can see that its angle is lower (naturally) by a certain rate. From 2015 to 2017 it measured the previous angle x 0.64. From 2019 to 2021 it was the previous angle x 0.68. From 2022 to 2024 based on this progressive pattern, is should be the previous angle x 0.72 (0.68 + 0.04). That gives us a rough value just under $80000 for the next Thanksgiving (November 28 2024). It is very possible that the Cycle top will be priced higher a few weeks after on an aggressive spike above $100k, as BTC often does (only the June 2011 Cycle Top was way off, being in the middle of two Thanksgivings).
But what do you think about this model and its projection? Are you expecting a BTC price around 80k on the next Thanksgiving and if not, what is your estimate? Feel free to let us know in the comments section below!
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Ontology Gas (ONG) completed a setup for upto 40.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Ontology Gas (ONG) with BTC pair.
Recently we caught almost 27% pump of ONG as below:
Now on a daily time frame, ONG has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
UNIUSD Channel Down broke upwards but faces the 1D MA100.Uniswap (UNIUSD) broke above its 16-month Channel down, being the highest above the 1W MA50 (blue trend-line) since November 2021. This legitimate bullish reversal rally now faces the most important (and final) Resistance of the Bear Cycle, the 1W MA10 (green trend-line).
With the 1W RSI on a huge Bullish Divergence (as it trades within a Channel Up against the Channel Down of the price), if we close a 1W candle above the 1W MA100, we will buy and target 7.9000 (0.786 Fibonacci level) and 9.8000 (1.0 Fib) in succession.
Until this 1W MA100 break-out takes place, we are bearish, targeting 4.4000.
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BITCOIN ETF what?? This is a cyclical USD-fueled rally!Bitcoin (BTCUSD) is seeing in the past 30 days the first legitimate medium-term rally since March - April. The ETF acceptance anticipation has been cited as one of the reasons but after the SEC's latest delay, we see that it hasn't affected BTC's price as much and the reason is something else. Perhaps the strongest technical reason why Bitcoin has been rallying, is the sharp decline of the U.S. Dollar Index (DXY). Displayed by the green trend-line, we can see that its October 09 peak coincided with Bitcoin's rally.
DXY tends to peak first and after it starts to decline, Bitcoin (also a general observation for commodities too, not limited to digital assets) catches as a few days later. As you can see on this chart (1W time-frame), it is a cyclical behavioral pattern where an initial decline on the DXY (red Flag) fuels BTC's last pre-Halving rally. When this DXY pattern (blue Arc) ends, it makes a Higher High peak outside the pattern and gets hammered aggressively (red hammer). This starts BTC parabalic rally, what we call at Tradingshot "Post Halving expansion". We are expecting that the following summer.
Do you think however that a SEC ETF approval earlier in 2024 will dramatically increase the chances of such a rally happening earlier or it's more tied to the DXY? Feel free to let us know in the comments section below!
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Fantom (FTM) coin completed setup for upto 26.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of the Fantom (FTM) coin with US Dollar pair.
Our last successful trade of FTM was the below one, and it was almost 44% pump:
Now on a daily time frame, FTM has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Trade signal | Verasity (VRA) completed setup for the next pumpHi dear friends, hope you are well, and welcome to the new trade setup of Verasity (VRA).
On a daily time frame, VRA has formed bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Is KASPA the new KING? Comparison with BTC & ETH.Kaspa (KASUSD) has been among the great winners of 2023, seeing an enormous growth as we approach the end of the year. Inevitably this draws comparisons to the early days of many high cap/ profile tokens. What better comparison for debate than to draw Kaspa against the market leaders, Bitcoin (BTCUSD) and Ethereum (ETHUSD).
Bitcoin is displayed in orange, Ethereum in blue and as you can see by first glance, Kaspa (candles) has been following much more closely BTC's trading action in its early days than ETH's. Of course ETH came at a later stage in the crypto market so it was less aggressive than BTC, which practically made the market. We have drawn a Unified Underlying Growth Curve (UUGC) between the 3 cryptos and with a relative safety offers a projected scenario for Kaspa's future growth.
Of course it's all fun and games until fractals are materialized and people are left wondering how they didn't see it coming and how they missed such an obvious opportunity. Again, this doesn't show that Kaspa will replace any of the above in usefulness, purpose or market cap but it points out some obvious similarities between their price action.
What do you think? Is Kaspa a new crypto King?
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FETUSD Isn't done yet. 1.800 is on the way.Fetch.ai (FETUSD) is rising aggressively these last few days, fueled by the formation of a 1D Golden Cross. This is the 4th such bullish pattern within the long-term Channel Up since it started on the March 13 2020 market bottom. Every time this formation emerged, the price had already started a rally sequence (such as today's) but is nowhere near its end. In fact in most cases it registered the most aggressive part after the Golden Cross.
The 1D RSI's similarities of the November 2020 - February 2021 Bullish Megaphone are a testament that we are on a similar pattern, which then peaked just below the 1.5 Fibonacci extension. As a result, we remain buyers on FET, targeting 1.8000.
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