Bitcoin bulls eyeing $69,000-73,000 by March 10, 2024This Gold Fractal overlayed on Bitcoin's multiyear cycles has been extremely helpful in forecasting more or less the price action of Bitcoin when coupled with liquidation levels and other valuable indicators and classic technical charts patterns.
In my opinion, Bitcoin has bottomed at these levels (I highly doubt we ever see below the 1W Bollinger Band at $38,000 again), and I am expecting we see the bulls take us to $69,000-73,000 by March 10, 2024 which is a Siderograph Astro turn over date; thus the top on Bitcoin for this year.
Don't forget to like and subscribe! I'll be publishing more ideas for altcoins.
Carl M.
Fractal
Short-term: Bitcoin bulls eyeing $69,000-73,000 by March 10This chart is a zoomed in/short-term version of the below idea I published few days ago outlining the Gold Fractal overlayed on Bitcoin and the fact that I am expecting we see the bulls take us to the ATH at $69,000-73,000 by March 10, 2024 which will be an amazing area to take some solid profit at as I do not believe we go much higher than it (maybe max $80K if we overshoot).
Don't forget to like and subscribe! I'll be publishing more ideas for altcoins.
Carl M.
Full publication to refer to:
Bitcoin - Probabilistic MapSince traders are literally made of particles, it's vital to know the principles of their behavior in micro scale. Some people even use planetary cycles to implement into charting. But I believe the answer is deep in quantum world of probabilities - the fabric of reality itself.
Reference to Quantum Mechanics
The universe itself prohibits 100% prediction accuracy. This is called Heisenberg Uncertainty Principle, and it's the fundamental building blocks of Quantum Mechanics. In order to predict particles behavior, all you need are just 2 quantities/data/features:
1) Position of the particle
2) Momentum of the particles.
If you know it's position and it's momentum, you can easily predict it's trajectory. So if you have position and momentum data of all particles in the universe, and you have unlimited computational power, you can predict their behavior (interaction, movement, etc.), and basically predict the future (stock market, weather, natural disaster, etc).
However, the Heisenberg Uncertainty Principle states that it is impossible to collect information of particles's position and momentum with 100% certainty. The more certain you know about particle's position, the less certain it's momentum" and vice versa.
So if somehow with the unlimited computational power you can predict particle's position at time with 100% accuracy, then your prediction error for its velocity will be infinity, which prevent you for making accurate further predictions, rendering your model useless.
Hence, it's theoretically impossible to make 100% accurate prediction even with unlimited data and unlimited computational power.
So Is The Universe deterministic or probabilistic?
100% prediction accuracy also means the universe is deterministic - there's only one possible outcome of the future. Einstein was on this side, citing "God doesn't play with dice". On the other hand, folks like Heisenberg, Max Born, Schrodinger, Oppenheimer, etc.., the founding fathers of Quantum Mechanics, viewed the future as set of possible outcomes each having it's own probability.
Since market couldn't care less about anyone's subjective forecasts, I do predictions solely based on historic price dynamics in macro scale to stay objective and true with the market pulse rather than be bared with my endless interpretations of patterns. I don't need my consciousness to interpret because we already have a data derived from collective consciousnesses to work with. Chart is already a reflection of reality that captures the emotions of participants. In other words, it's a time fractal that exposes the essence of the market across timeframes. In turn the market itself is a function of trading time . These basis justify linking systematic fragments of cycles to work out the capacity of price action. Basically in Fractal Analysis, the question is how can direct metrics of the historic waves geometrically explain current and future price levels.
The Fibonacci sequence is a mathematical concept that appears in various aspects of nature. This connection between mathematics and the natural world is a fascinating example of how patterns and structures found in abstract concepts like numbers can manifest in physical reality . Particularly, using Golden Ratio as a key rule that governs order in chaos.
In TradingView, the "Fibonacci Channels" is a great tool to capture the waves (domestic certainty) and turn them into a probabilistic interconnected structure that captures the uncertainty of the market - the entanglement of price action.
To start with it's vital to use log scale where percentages are equally captured in distances. So a 100% a growth, say a vertical distance from $40 to $80 measures the same distance as from $1000 to $2000. Besides, percentages are what drives people to feel emotions which affect market behavior (collective executions). Finding geometric relationship between waves, the use of log scale is a must.
As I've done this before I want to show how market deviates near fibs.
A Direction of 2013 HIGH ⇨ 2017 HIGH with bottom of 2011 gives next bottom 2015 at 0.618 after -86% drop.
And also predicts the COVID bottom in 2019 after -72% drop as well as current level where price has cooled down locally.
We can note that previous ATHs are explained with logarithmic curve.
That's why we'd need another fib channel to connect 2017 HIGH ⇨ 2021 HIGH direction with previous bottom of -86% drop in 2015. FC of that direction predicts bottoms of 2018 (-84%) and covid 2019 (-72%) at 0.618 again.
Together they produce an interference pattern covers significant historic price changes.
To further interpret current levels though the chart itself, we can use line with angle of direction connecting 2021 double tops:
This shows the capacity of how high the market might still grow before next significant correction, if the local fib to the price hasn't yet dimmed the bullish incentive.
Another straight line can be used to connect 2019 COVID LOW (-72%) with 2022 LOW, because we might probably never see such price levels in the nearest future as price has broken out with high rate of change.
Now it needs more time and bearish capacity to go there. This line can indicate the bottom of hypothetical correction, if it happens now. Other than that it's a clear trendline with almost 4Y wavelength.
Since straight lines doesn't exist in nature, I didn't extend them to the right. Now we need a more adaptive version of it to connect recent local bottoms of the trend.
That would be a logarithmic trendline, in other words curves to mimic the function of exponential growth. Therefore falling below it, might indicate a possibility of correction and even reversal. Each day if it fails to grow with the curve, the bears will get depleted. A cross below the logarithmic curve of spreading information would be a confirmation of new bearish incentive. This is simply done to work out boundaries as limits of the function that explains the market.
Corrective wave has a timing of 15 days in respect to its domestic volatility properties, before it becomes bearish impulsive or continues the impulsive bullish wave.
Curves as a function of trading time explain pretty much all historic bullrun growths.
As if there is some kind of gravity that governs the trend or it's the PriceTime that curves with the emerging trend.
Individual cycles can be too curved accordingly.
So the more the price fails to break out that function, the more predictive curve becomes.
Altcoin Dominance excluding stables at the critical pointHey all,
Altcoin Dominance excluding the stable coins is about to break the descending channel as same as 2020. However, 4 years ago in a very similar point the channel could not be broken and the all crypto market went down like 20-50% from their tops and then Bitcoin has started real bull run. During this real BTC bull run, many altcoins lost their values against BTC around 50-75%. After the BTC bull run, altcoins made 5-10x as average.
So, I'm holding 50% BTC and 50% alts. If a similar thing happen like in 2020, I will be happy to hold enough BTC and then convert them into altcoins at some point. So, I'll leverage BTC gains with altcoin gains as well. If not it means that descending channel to be broken and altcoins will do a really crazy rally and I'll be happy to hold 50% altcoins.
These are all my opinions and not financial advise.
Please do your own analysis.
Cheers!
TIA: buy in low level📊Analysis by AhmadArz:
🔍Entry: 15.79
🛑Stop Loss: 14.86
🎯Take Profit: 16.71-17.48-18.24
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VET: Fractal Patterns and OpportunitiesVeChain (VET) is a blockchain platform that aims to improve supply chain management and traceability. The VET/USDT trading pair has been exhibiting fractal patterns on the daily chart, which can be used to identify potential trading opportunities.
Fractal Analysis:
Repeating patterns: The VET/USDT chart has been forming a series of repeating patterns, such as triangles and flags. These patterns suggest that the price is likely to continue moving within a range until a breakout occurs.
Fibonacci retracement: Applying Fibonacci retracement to the previous bullish impulse wave shows that the 0.618 and 0.5 retracement levels are at $0.06 and $0.07, respectively. These levels could act as potential targets for a breakout.
Trading Opportunities:
Breakout trades: Traders can look for breakout opportunities above the resistance level of the current pattern. A breakout above $0.055 could signal a continuation of the bullish trend.
Retracement trades: After a breakout, traders can look for retracement opportunities to enter a trade in the direction of the breakout. The 0.618 and 0.5 Fibonacci retracement levels could be potential areas of support.
Artificial Intelligence (AI) Hype:
There is currently a lot of hype surrounding AI-related cryptocurrencies. VET has been associated with AI due to its partnership with IBM and its use cases in supply chain management. This hype could provide additional tailwinds for the VET price.
Conclusion:
VET/USDT is trading in a range on the daily chart, with repeating fractal patterns. Traders can look for breakout and retracement opportunities based on these patterns. The recent hype surrounding AI-related cryptocurrencies could also provide additional momentum for VET.
Bitcoin to $1m - Q1 2025Coming out the back of a week bull and weak bear we're entering a period of consolidation leading up to the next halving in 2024. From there we will get our typical 12 month frenzy culminating in a 2017-style blow-off top close to the $1m a bitcoin mark.
Fractal taken from 2015 suggesting no new ATH until Q1 2024.
Comparative analysis. Fractals. Bitcoin and Nasdaq. Lagging.Logarithm. Assignment in three days. Formations "Bowl". There is a fractal similarity.
The Nasdaq index is "ahead." The price is now at $15,237 after a nearly vertical strong price rise from the last consolidation of +18.21%. Note the price levels and their values on the CME.
Bitcoin lags noticeably if this fractal structure is realized, but the % ratio targets are also an order of magnitude higher due to lower liquidity.
BTC secondary trend (part).
This bitcoin reversal zone was shown here.
BTC/USD Secondary trend. Medium-term work. Pivot zone
Save or increase, if you can trade successfully — your digital gold for “central banks” .
JOE dirt ; the hillbilly's token. the farmer's champion.thesis; AVAX is finally doing its move (its always last btw)
JOE makes lots of fees; check it on defilama.
JOE makes lots of swaps.
avax go up; JOE go up even more.
thats it. thats the thesis.
now we farm the onions and potatoes and retire into the sunset
lfg
OP FRACTALS: 10$ is nearFractal patterns are recurring patterns that appear at different scales on a chart. They can be used to identify potential support and resistance levels, as well as trend reversals. This article will analyze the OP/USDT chart using fractals and other technical indicators to identify potential trading opportunities.
Fractal Analysis:
Ascending Channel: OP/USDT has been trading in an ascending channel since its listing on Binance. The channel is characterized by a series of higher highs and higher lows.
Triangle Patterns: Within the ascending channel, OP/USDT has formed several triangle patterns. These patterns are often seen as consolidation periods before a breakout.
Accumulation Patterns: OP/USDT has also formed various accumulation patterns, such as bull flags and pennants. These patterns suggest that buyers are accumulating the coin in preparation for a bullish move.
Orderflow Analysis:
Sweep Liquidity: OP/USDT has exhibited instances of sweep liquidity, where large buy orders quickly push the price up, absorbing all the available sell orders. This indicates strong buying pressure.
Order Book Analysis: The order book shows the distribution of buy and sell orders at different price levels. By analyzing the order book, traders can identify potential areas of support and resistance.
Trading Opportunities:
Breakouts: Traders can look for potential breakout opportunities when OP/USDT approaches the upper or lower boundary of the ascending channel.
Retracements: After a breakout, traders can look for retracement opportunities to enter a trade in the direction of the breakout.
Support and Resistance: Traders can use the identified support and resistance levels to enter long or short positions.
Conclusion:
Fractal analysis and orderflow analysis can provide valuable insights into the potential price movements of OP/USDT. By identifying these patterns and understanding the underlying market forces, traders can make more informed trading decisions.