Is Bitcoin repeating 2013 PA ?I posted this idea a while back, saying that this was a possibility. Just amazing how this appears to be playing out
Bitcoin PA repeats 2013 action, to the day.
From ATH to the day PA went under the 50MA, then the number of days Till PA retest resistance of 50MA, went back under and then, finally managed to break above
50MA has Just gone back blow PA today, after the exact same number as in 2013
Are we repeating this PA
If this is the case, then NO ATH till Mid '24 and THAT is further confluence.....However, as we all know......Things change fast in the world of Crypto
Fractales
Bitcoin weekly pattern repeats ?As you can see in the chart, it would seem that history is repeating itself a little on the PA
There have been many that look at the PA from 2013 and draw similarities but I've not seen this and so I will post it again
It Must be noted that there is a tolerance of 7 days to these numbers as a weekly chart has 7 days, but its near enough as you can see
Using the 50 EMA ( Red )
From the ATH in Dec 2013, PA remained above the 50 for 266 days till it dropped below - 84 days later, it came back up and touched, pushed through briefly before going back down for another 427 days before it came up, broke through and continued above the 50 for another 784 days to the new ATH
PA has repeated this almost ecactly since the High around April 2021 and we are right on the point where PA, if it wasn't being hit by fundamentals / FED . Fear etc, would be about to push through the 50, as can be seen on chart.
If PA manages to break through now and continues along this "pattern" it would reach an expected New ATH around April 2025, which amazingly has confluence with some other charts and ideas.
For this to work, Obviously, the fundamentals have to work in Bitcoins favour and one of those may well be the continuing fight with inflation in the USA
It has to be said, there is NEVER any certainty with Fractals and Time pattern repeats but there does seem to be a strong similarity, and I find that Fascinating.
I hope you do too
USTC/BUSD- Good chance of a breakout moveSemi fractal play, I think a lot of alts have done 1-2 moves, greyscale btc is popping so some green days seem likely at least in the short term , this has been pretty parabolic in the past with not much of a discernable wave 3 top just 1-2 then vertical 345 so we could get a move something like this
Crypto as a MarketHello Birdies,
After a long time I did some fractal analysis and this time its between dotCom bubble and Crypto Market.
The fractals are pretty clear and yesterday we post Crypto MCap idea which also pointing towards 957B-997B area. Which is exactly where we are standing in fractals right now.
I am just waiting for the drawdown to buy BTC and enjoy the last bull ride before SUPER CRASH
KISHU -USDTthis could surprise- i don't think the first pump was anything just a big X wave , then it did a 1-2 and found a bottom and its a long way up to the next macro fib these Dog coins always seem to move round about the same time, so shib and doge moving up could be a good catalyst for apes to ape into other dog coins. defo worth a punt I reckon
Dogechain 3 Line Strike Bullish FractalDogechain appears to be acting similarly to how it did before the first pump as it's formed a Bearish 3 Line Strike Pattern, Broken out of a Parallel Channel, and now it it stands to make a higher low on the Macro and go for an ABCD movement to the upside which would take it to the 1.618 Fibonacci Extension above.
Pessimistic picture of natural gasThis scenario is under the assumption that we keep downtrend in natural gas irresistible manner.
There is also the alternative with breaking up to 8, but in downtrends we always expect breaking up and mostly always going down and down.
On normal scale we broke a little trend line, on logarithmic - not.
BCH - Nothing Much To Say Here... Just Use Your Eyes On This OneCrashing structure between Bitcoin 2019 and Bitcoin Cash (BCH) looks nearly identical. Will see what happens from here, but i am 90% shore we will see a breakout from here in the next week/weeks.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BTC and whole crypto destiny shall be defined todayHi folks!
Today, IMHO, could be decided further direction of the market for the next 3-6 months. I found very similar technical situation on the chart of the previous bear market in 2018-2019.
I took 2 fractals taken place in the past and applied them onto today's BTC chart. So similar, isn't it?
Decreasing volatility and increasing volume. Even timing is super similar.
The question is—in which direction will we go. It depends on CPI data that will be published in 1 hour.
Inhale, exhale. Relax and observe.
Possible Dropping Dominance BTC.DThis fractal on the monthly BTC.D chart has the potential to play out--especially if we close the weekly candle below 39.95%.
If the merge ends up being successful and bringing more money back into the altcoin eco-system--mixed with some positive macroeconomic news--there is a big chance for altcoins to have relative gains against Bitcoin. Dominance targets include 33.7% and 27 %.
No guarantee this plays out, but I find it useful to have plans either way.
What do you think?
Not Financial Advice
BTC/USDT : Possible similaritiesBINANCE:BTCUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$BTC has gets rejected from the range's high and the rejection has caused fractal similarities between the current structure and early August's range above.
Based on the data we have, 5 points make the fractal valid and the current formation has shown 4 of them.
So, There can be only one more fractal point to follow and it can initiates more buy triggers into the 4H Demand if $BTC sweep below the Swing Lows | Equal Lows.
Also, If the current movement follows the inversed fractal, $BTC might have a double convergence into the 4H Demand and then takes off to retest the S/R line zone, and the bearish basement formed on $23400.
Although, If $BTC manages to break below the 4H Demand, Then we can expect more bearish momentum to come...
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
BTC/USDT : Possible double bottom!BINANCE:BTCUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$BTC has reached the local lows that formed a double bottom in July 2022 and caused the second rush above $24000.
Now, There can be a mini fractal out our last double bottom and cause another rush based on correction of the local bearish basement we have before the drop!
So, In this case, We need another rejection attempt below/near $20750 to form the Double bottom or QM pattern with a bullish convergence into RSI.
If this happens, Then I'll set my trigger to locate my Long as $BTC gets closings above $21450.
Stop-loos after trigger and the scenarios Invalidation, Both should be a Close below the Grey zone, Which has been announced as an S/R zone from early July!
Anyway, If we get caught on Stop-loss/Invalidation, Then I'll be looking forward to locating my Short once $BTC gets below the lower bullish order-block at $19900 - 19600.
📝 We have made 12% on $BTC's short and 10% on $ETH's short. So taking Profits and waiting for new triggers won't leave us behind the market's trend 😉
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
BTC fractal 2019#BTC/USD
$BTC #Fractal from swing low of first of 2019.
⚡️ If BTC closes a weekly candle above 0.5 fib level of last daily swing low, like the swing of 2019 I showed in the chart, price may have repeat that fractal and rise toward 0.5 fib level of the whole swing down around $42k
If you use "Bars Pattern" tool you can understand the similarities better.
Fractal BTC recovery - AMZN 2009 recoveryIn 2008/2009 AMZN stock saw one of its biggest crashes. It wiped out 64% of value in about 10 months. BTC saw a similar crash in 2022/2023 wiping out about 75% of its value.
Let's speculate that BTC would see a similar recovery as AMZN. This would mean BTC recovers 276% to about 65k per Bitcoin.
Because AMZN did it after 2008 it's certainly a possibility. Cryptocurrencies are also traded 24/7 so in a year it would have been available to trade much longer as AMZN stock.
Just a speculative idea on what is possible.