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Ghostpattern

Ghost trend BTC Cycle anti-Hype and anti-FUDI have bin looking at a possible ghost trend without Hype and FUD calculated in. I think that BTC markets are currently over Hyped and need to go sideways for a couple of weeks This would result in the biggest BTC market bottom forever. This can also mean we have bin in a bear market/sideways trend seen before the first hype cycle coming above 30$k to the first new ATH of 64.8$K In this time the BTC market has made a 1 to 1,5 year long bottom. Powered by Hype Cycles, H&S pattern's and new ATH's. With news effecting the ( BTC ) markets. Better reasons for market bottom Hype Cycles - Money printing - inflation at 7% - Adoption form retail/ working people - Active development Note: I think that these Cycles are needed to make BTC / CC work currently. H&S pattern's ( Head and shoulder pattern's) - The first money hype cycle resulting in H&S pattern and Wyckoff distribution pattern - The second H&S pattern forming at the 52$k top ---> resulting in down trend up to 10/21 --> 69k top. - And the last H&S pattern forming at the current ATH at 69k ---> resulting in down trend up to 24/ 01 /22 ---> next cycle for 2-3x current ATH . Note: I think that these H&S pattern are not good for a BTC market. But good for buy prices. Hoop this helps
Long
by SPACEMEN99
3
Chart of the last big liquidation in May is repeating!As we saw in the last cycle from Q4 2020 until mid July 2021 we formed a large head-and-shoulders on the big scheme of the daily chart. Due to the overall uptrend of Bitcoin this bearish pattern got invalidated as soon as we hit the critical neckline point where it should have dropped. Then we went onto the next cycle from end of July until now. Where we saw a massive adoption of the blockchain technology, therefore a major growth of Bitcoin (as a represantative of the overall structure in the crypto market) and crypto in general. During this cycle now we interestingly formed the exact same head-and-shoulder pattern and are now at the end-part of this pattern. So because of the quite accurate similarity I made a ghost picture of the price movement after the last cycles large liquidation in May 2021. Then I placed this ghost structure at the point of our last big liquidation at the beginning of december. I managed to place it the right way, so that there is as little deviation as possible. What we are able to see now is that this ghost price-movement is corresponding almost perfectly with the indicated Fibonacci Levels. The first support of this ghost movement is perfectly aligned with the 0.168 Fib Retracement level and also with the trendline of the overall trend. The next resistance movement of the ghost feed is to be found at the 52k area which matches with the recent yet unfolded chart, in fact it coincides exactly with the local resistance. This is turned into support and then immediately is retested right after the rejection at the 0.236 Fib. After this movement it breaks all time high and soon retests it before it heads up to new ATH. I find this very interesting. In fact until now the Bitcoin price is following exactly that same pattern.
by gianthetrader