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Cryptocurrencysignals

BITCOIN fractal alert! Happening exactly like last October!We talked a while ago regarding the 'October effect' (August 28, see chart below) on Bitcoin (BTCUSD). But today we need to make an urgent analysis as it appears that the market is repeating almost the exact sequence of a year ago (October 2023). The similarities are more obvious on the 1D time-frame where the price is currently ranged within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The most recent time it traded like this was exactly one year ago, back in the first two weeks of October 2023. As you can see, during that time BTC also made a marginal break above the 1D MA200 before quickly pulling back below it. After it tested and held the 1D MA50 (as it did no on October 01 2024), is started the long-term aggressive rally of the Channel Up that peaked on March 14 2024. As long as the 1W MA50 continues to hold as the long-term Support, there are high probabilities of seeing 100k, even before the end of 2024. But what do you think? Do you see realistic the scenario of repeating the post October 2023 rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
16
BITCOIN / UNDER BULLISH PRESSURE / 1HBITCOIN / 1H TIME FRAME HELLO TRADERS Overall Bullish Pressure , The market is expected to generally favor upward movement. Key Resistance Level - 62,413 , If Bitcoin remains below this level, it indicates potential bearish momentum, pushing the price toward a demand zone between 61,251 and 60,717. A break below this zone could signal further declines. KeySupportLevel62,413 , Conversely, if Bitcoin trades above 62,413, bullish momentum is expected, with the price potentially rising to an FVG (Fair Value Gap) area between 63,077 and 63,557. Further Upside , A break above the FVG area could see the price rising into the supply zone between 63,889 and 64,165, where selling pressure may increase. Supply Zone : 63,889 and 64,165. Demand Zone : 61,251 and 60,717. FVG : 63,077 and 63,557.
Long
by ArinaKarayi
Could Ethereum rise from here?The price has reacted off the pivot which acts as an overlap support and could rise to the 50% Fibonacci resistance. Pivot: 2,399.85 1st Support: 2,311.61 1st Resistance: 2,522.01 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDLong
by ICmarkets
WIFUSD is breaking above its 6-month Channel Down and targets 75Dogwifhat (WIFUSD) closed last week above the 1D MA200 (orange trend-line) for the first time since the week of July 22 and hit the top of its 6-month Channel Down. On the long-term cyclical outlook, this Channel Down can technically turn out to be nothing but a Bull Flag in the continuation scale of the Bull Cycle. If this week's 1W candle manages to close above the Channel Down/ Bull Flag, we expect at least another +6842% rise, similar to its first one, and target $75.000. The 1W RSI and MACD both support this bullish scenario as the first already broke above its MA line on September 16, while the 1W MACD just completed a Bullish Cross, its first ever. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:WIFUSDLong
by TradingShot
BITCOIN Cup and Handle on full motion looking for the break-out.Bitcoin's (BTCUSD) full Cycle since the November 2021 High can be illustrated as nothing more than a Cup and Handle (C&H) pattern with the Channel Down since March 2024 being the Handle of the formation. Simple yet a technical reality, the Handle found support both in early August and September on the 1W MA50 (blue trend-line), keeping the bullish trend valid. In fact, the 1D MA200 (red trend-line) and the 1W MA50 have been the bottom formation zone during its previous 6-month consolidation in August - September 2023. All Bullish Legs since the November 2022 bottom have been within +90% and +100%. Even if the minimum (+91.68%) of the last rally is followed, we can expect Bitcoin to reach at least $94000 during that run by the end of the year. But what do you think? Will this Cycle-long Cup and Handle serve its purpose and break-out aggressively? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
LEOUSD targeting now $9.00 on the second cyclical rally.UNUSD SED LEO (LEOUSD) has completed the 6-month consolidation by making a Higher High. As it trades now above both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line), it looks now ready to start the 2nd rally of the Bull Cycle. In the previous Bull Cycle (2020 - 2022), the two major rallies were almost of the same % rise (+194.50% and +198.50% respectively). Since the December 2023 - March 2024 rally peaked after a +72.26% rise, it is technically justified to assume at least a similar Bullish Leg based on the pattern. As a result, we are expecting at least $9.00 by early 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITFINEX:LEOUSDLong
by TradingShot
Bearish reversal off overlap resistance?ETH/USD is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 2,440.09 1st Support: 2,276.53 1st Resistance: 2,562.47 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDShort
by ICmarkets
3
NEARUSD Trapped within the 1D MA50 and MA200.NEAR Protocol (NEARUSD) was rejected on its 1D MA200 (orange trend-line) on September 26 2024 and today it is testing its 1D MA50 (blue trend-line). Since the 1D MA200 rejection was also a rejection at the top of the 6-month Channel Down, holding the 1D MA50 may turn out to be the new Support if the price is to finally break this pattern. The 1D RSI is already testing its own Higher Lows trend-line, so there are high chances of a rebound here on the 1D MA50. If not expect a bounce at the bottom of the (dotted) Channel Up. Either way, the Target is Resistance 1 at 6.5000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:NEARUSDLong
by TradingShot
3
BITCOIN The 'March-October' effect kickstarting an insane rally.Back in August we were first to discover and bring to you the 'March - October' effect (see chart below) on Bitcoin (BTCUSD), which is what every one is talking about now as we've started the month of October yesterday and the final quarter (Q4) of the year: As you can see, this is nothing more than a consolidation that the market tends to make within this 6-month range that ends on October, which kick starts an aggressive rally. That was the case in 2020 (would be more flawless if the COVID crash hadn't distorted the chart) and more recently in 2023. Note that historically October shows gains of around +21.00%. What we can additionally keep from this chart is that the 1W MA50 (blue trend-line) held on three 1W candle tests since the August 05 Low and that provides the base for a potential October 2024 - March 2025 rally. March 2025 has high chances of forming the peak of the rally as it historically tends to tops such Bullish Legs and then starts consolidation phases. That was the case on March 2024, March 2023, March 2021 and (as mentioned) if it weren't for the COVID flash crash, would have been most likely the case for March 2020. All in all, even though the first two days haven't been ideal, we expect October to prepare the foundation for an incredible rally, especially on its last 2 weeks, a rally that might very well reach as high as $150000 before it enters a correction again. But what do you think? Will October start such a rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
8
DOTUSD Is it really copying ETC's past Cycle?Polkadot (DOTUSD) appears to be following since its 2021 High (All Time High), ETC's previous Cycle of 2018 - 2021. As you can see on this 1W chart, the RSI sequences in particular between the two fractals are almost identical. Lower Highs Double Tops leading to the Bear Cycle, then an RSI bottom leading to a price break-out above the 1W MA50 (blue trend-line) and on the 0.5 Fibonacci retracement level (on overbought RSI), finally followed by a new decline (RSI at 40.00), which in ETC's case when broken, led to the Bull Cycle's Parabolic Rally. Right now it appears that DOT is on the 40.00 RSI Low, so naturally if it is indeed replicating Ethereum Classic's previous Cycle, we should see the price starting to rise aggressively towards the 1.5 Fibonacci extension. If that's the case, we can expect a High around $200 by the end of 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:DOTUSDLong
by TradingShot
1
Potential bullish rise?The Bitcoin (BTC/USD) has reacted off the pivot which acts as a pullback support and could rise to the 38.2% Fibonacci resistance. Pivot: 60,560.68 1st Support: 59,460.98 1st Resistance: 62,628.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDLong
by ICmarkets
LINKUSD Is it about to catch the world's attention again?Almost 1 year ago (October 25 2023, see chart below), Chainlink (LINKUSD) gave us an excellent long-term buy signal after breaking above the Bear Cycle's Lower Highs: Our 20.000 Target was hit and shortly after the price started to decline inside a 7-month Channel Down, which is still dictating the price action. Since the August Low though, the price has been rebounding on the 2023 Resistance, which we can now consider that it turned into Support. This cyclical behavior was last seen during the previous Cycle when after a 2.618 Fibonacci extension reach, the price entered a multi-month correction below the 1W MA50 (blue trend-line) and then recovered for the 2nd and final (and most powerful) rally of the Cycle. This is exactly what we've been seeing this time around also. See how similar the 1W RSI sequences also are between the two fractals. As a result, we expect LINK to start rising aggressively, even on this month. The previous Cycle topped on the 4.382 Fibonacci extension, so assuming this will be targeted again, we expect to see 53.00 by mid 2025, which is almost its All Time High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LINKUSDLong
by TradingShot
5
BITCOIN When Yuan gains Bitcoin shines. And it's already startedBitcoin (BTCUSD) has already started to break-out last week as it closed the first 1W candle with a Lower High in 6 months. Since the August 05 bottom, we've been seeing a strong bullish build up on BTC and the reason may be simpler than you thought. As this 1W chart shows, historically when the USDCNY pair (red trend-line) tops by forming Lower Highs and starts declining (aggressively), Bitcoin always initiates its Parabolic Rally phase. This basically means than when the Yuan gains strength, Bitcoin shines. The USDCNY's previous Cycle in particular, is virtually identical to the current one (2022 - 2024). All the above indicate that we may be on the verge and witnessing the start of BTC's most powerful part of the Bull Cycle. But what do you think? Will a continuous fall on USDCNY fuel an aggressive rally on Bitcoin? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
AVAXUSD Bottom formed & going for the ultimate bullish breakout.Avalanche (AVAXUSD) has just touched this week the top of the 6-month Channel Down. In cyclical terms, this is just a big Bull Flag half-way through the Bull Cycle, similar to those of the previous one, in August - November 2020 and March - June 2021. The Cycle's 2nd bottom is in being doubt as the RSI held and rebounded on the 40.00 Symmetrical Support, which held and kick started the post June 2021 bottom rally. The only confirmation left to give us is to break above the 1W MA50 (blue trend-line) for the first time since late July. As you can see both of 2020 - 2021 Bull Flags rebounded aggressively reaching the 2.0 Fibonacci extension. As a result once the 1W MA50 breaks, we expect a similar rally on AVAX, whether more aggressive like 2020 or marginally less like 2021, but our Target is at $250.00 (Fib 2.0 and above the All Time High). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:AVAXUSDLong
by TradingShot
4
BITCOIN making a huge break-out as we speak.A little more than a week ago (September 17, see chart below), we made clear that if Bitcoin (BTCUSD) broke above July's Lower Highs trend-line (the Descending Triangle's Top), it would be a major bullish break-out for the long-term: And so it did and today we witness another strong daily rise as the price broke above the August 25 65000 High, cementing and confirming all bullish break-out bias. ** Similar break-out happened 1 year ago ** What's even more interesting is that we saw almost the exact same break-out a year ago on October 01 2023, when BTC again broke above its 1D MA200 (orange trend-line) just after the Lower Highs break-out of an identical Descending Triangle. It is remarkable that the market was also on a 6-month consolidation phase at the time, with a clear Resistance and the 1W MA50 (red trend-line) supporting. The bottom was priced exactly when a 1D Death Cross was completed, just like the current phase did on August 05. ** 6-month Resistance break leading to +200% rise ** After a quick 10-day consolidation following the Lower Highs break-out, the 2023 fractal then 'attacked' the 6-month Resistance Zone and broke it aggressively, confirming the emergence of a violent Channel Up that, after almost a +200% rise, it would take Bitcoin to March's All Time High. ** Fed and U.S. elections immensely bullish ** With the Fed having started a new Rate Cut Cycle last week with an aggressive -0.50% cut and the U.S. Presidential Elections in November historically being a huge bullish event (as explained in one of our recent publications), there is no reason not to expect a similar rally. We are expecting to see $95000 towards the end of the year. So what do you think? Is this a huge bullish break-out for Bitcoin and if so, can we experience a an October 2023 - March 2024 rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
11
Can SHIBA have its 2020/21 DOGE moment??Shiba Inu (SHIBUSD) is making a strong bullish case this week as not only did it break above its 1W MA50 (blue trend-line) for the first time since mid-August but is also testing the Top of its 7-month Channel Down, all while being supported by the 1W MA200 (orange trend-line). This Channel Down is, on the larger scale, nothing but a Bull Flag, the kind of pattern that precedes aggressive rallies and bullish extensions. In fact if we compare Shiba's Cycle since its October 2021 Top, we see strong similarities with Doge's (DOGEUSD) true expansion Cycle in 2018 - 2021, where it achieved its strongest recognition/ adoption. An (a) top led to a (b- f) Channel Down that priced the Cycle's bottom and after a 1W Golden Cross, it formed the Bull Flat that SHIB is in right now, which initiated its hyper aggressive parabolic rally to the Cycle Top. As a result, being still below its 0.5 Fibonacci retracement level, Shiba is massively undervalued in cyclical terms and technically if the Bull Flag breaks to the upside, the rally that will follow can target the 1.5 Fibonacci extension at 0.00035, just like Dogecoin did in January 2021. Do you think it will replicate this pattern or the market cap would be unrealistic? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SHIBUSDLong
by TradingShot
10
TRXUSD Buy opportunity below the 1D MA50.Tron (TRXUSD) has been trading within a Channel Up pattern since the November 14 2022 bottom. The price is now pulling back from the latest Higher High but remains above the 1D MA50 (blue trend-line). This pattern indicates that after roughly every 55% - 65% rise, the price makes a pull-back and upon breaking below the 1D MA50, a buy signal emerges again. Wait until that and buy for the next Higher High. Our Target is 0.2100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:TRXUSDLong
by TradingShot
2
CARDANO flashing the strongest buy signal in 1 yearCardano (ADAUSD) just gave the strongest long-term buy signal possible on the 1W time-frame as the 1W LMACD is forming a Bullish Cross. That is the first such formation in almost 1 year (since October 09 2023), indicating that we have the most powerful buy signal at hand. The 1W RSI has been ranging since May, practically for the majority of the time that ADA has been trading below its 1W MA50 (blue trend-line). Basically as you can see all the above conditions are identical to the previous Bull Cycle, where a Bullish Megaphone emerged on a 1W LMACD Bullish Cross and after a 1W MA50/ MA100 Bullish Cross, the bottom was formed, while the 1W RSI was consolidating. This time we have all these formations emerged again, so any week now, Cardano could start its new Parabolic Rally. With a Higher Highs trend-line setting a clear Resistance, we see a $5.00 price as a strong Target for the Cycle Top. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ADAUSDLong
by TradingShot
4
Bearish drop?Ethereum (ETH/USD) is reacting off the pivot and could drop to the overlap support. Pivot: 2,672.26 1st Support: 2,535.71 1st Resistance: 2,791.13 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDShort
by ICmarkets
1
Trump or Harris?? For BITCOIN the elections only need to happen!Simplistic title over a matter as complicated and important as the upcoming U.S. Presidential Elections this November, but completely true in terms of pragmatism. As this straightforward 1W chart shows, Bitcoin (BTCUSD) isn't just bulletproof when it comes to the elections but in fact it gains extreme buying momentum irrespectively of the winner (Democrat or Republican). Obama in 2012, Trump in 2016, Biden in 2020 all those elections had in common the enormous Parabolic Rally that was initiated exactly after the result. That was on all Cycles the most aggressive phase, clearly showing that investors just need the elections to be over in order to buy risky assets confidently without this macro event in the way. Usually this comes with fresh presidential assurances that the 'market remains strong and we will do everything to keep it this way' etc, so it makes sense. What is equally interesting is that Bitcoin tends to top roughly a year after the elections: November 06 2021 = Bitcoin topped 385 days later November 08 2016 = Bitcoin topped 399 days later November 03 2020 = Bitcoin topped 371 days later This model indicates that even if we can't estimate accurately BTC's top in terms of price, we can time it. And based on the November 05 2024 elections, historically the minimum time it could time for BTC to reach a new Cycle top, would be 371 days, giving us a rough date around the week of November 10 2025! But what do you think? Is Bitcoin about to get the boost of its life after the U.S. elections? And if yes, is it realistic to expect a top around November 2025?? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
53