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Detailed analysis of BTC price and halvings since its inceptionHello everyone, I would like to present what repeatability can be determined in more detail by analyzing the BTC chart, taking into account the 3 halvings we experienced and the fourth which lies ahead. We have a log BTC chart from 2011 to today in front of us. We will start by designating the places where BTC has done its halving, as you can see, the first halving took place in November 2012, the second halving in June 2016, the third halving in May 2020, and we also mark the halving which should be in April 2024 . On the other hand, we mark the middle between the halves with white lines. We will use a green box to mark the gaps between the edible and the other half so that we can see this space and repetition more clearly. For the analysis, we will use the blue lines which represent the way btc moves, one line indicates the lowest price points, and we can see that btc touches the line repeatedly, and in the same way we can mark the places where price has reached its ATH. It is worth noting that with the first halving, btc fell by about 86% from its ATH on the second halving he was down about 84% from his ATH with a 3 fold reduction, the decrease from ATH so far is about 74%. The current low is 74% where the blue line is, but BTC sometimes has a quick dip in the candlestick which could be around 82% from the ATH. Given the repeatability between halves, the current maximum opening should be around $ 10,500, however, here we have confirmation of the low at $15,200, which gives a decline of 78%. Now we use the mean measure tool marked with the purple line and we can see that every time we cut it in half, as the average goes through half the period to half, the cane consolidates and then the price drops below our purple line. Moving on, we also see that after each drop below average around the half of the halving, the price started to rebound and break the first trend denoted by the white line as well as exiting the yellow area, then breaking the second trend and exiting the second yellow area. Thus, breaking the first trend is a pro-growth period, and breaking the second trend is a pro-growth period followed by price increases. Currently, we have not yet broken the first trend, given the cyclical nature of btc and the fact that large capital is distributed similarly and often all negative news is already included in the price, we can assume that the situation will repeat itself. After breaking the second trend and breaking above the average, the price will start rising again. Finally, we present a visualization of how the btc price may possibly move to the next halving in the coming time, we mark the path that the price may follow with a white line. Based on available data, we know that the difference between ATH is approximately 6.25 times in each cycle. However, the percentage increase from trough to peak in each subsequent cycle decreases by almost 6 times. Taking into account all the data, we can predict that in the current cycle the BTC price could reach a level ranging from $70,000 to $99,000, which is marked with the blue zone on the chart. However, as it is already widely known, work on an ETF for BTC is underway, a positive decision to issue such an ETF could completely change the market and take it to new levels. And taking into account the first gold ETF that gave a price increase of 10X, in a similar situation the BTC price could increase to huge levels in the orange zone to the levels of $ 170,000 - $ 225,000. However, the BTC ETF can also be a threat, when it is rejected it can have a very negative impact on the entire market. Please remember that these are not investment recommendations, everyone is responsible for their financial games, these are just our observations about the market and how the price moves.
BITSTAMP:BTCUSD
by cryptodailyuk
APT/USDT 1D. Aptos secondary trend. Channel.Aptos/usdt secondary and local trends. In the secondary trend we can observe the downtrend channel. Right now the price is moving in the upper part of this channel. Stayin' near the resistance of this channel. We've had an attempt to break this channel on aug 9, but it went unsuccessful. Retracted to the support at 4.9$(13). Bounced from the middle of this downtrend channel. We've been in this downtrend channel for more than 180 days as for now. Above we have the resistance of 7$. If/when the price breaks it - it goes back to the horizontal channel. If price gets above 7$ level(zone) - which previously acted as support for this big channel - then the potential to the middle(12$) and the resistance of the channel is opened(20.4$). For this to happen, it's also necessary to break out the downtrend current channel, i believe it's obvious. If we don't break the resistance of the channel - then first support is 4.9$(4.8) zone again. Then in will be 4.4$ and then the support of the channel at about 3.6$ zone. Everything is shown on the chart.
by TradingTsar
MA - Horizontal Trend Channel [MIDTERM]- MA is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. - The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. - The stock is approaching resistance at 380, which may give a negative reaction. - However, a break upwards through 380 will be a positive signal. RSI is above 70 after a good price increase the past weeks. - However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. - The stock is overall assessed as technically neutral for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price Chart Pattern: - Double Top - DT - Double Bottom - DB - Head & Shoulder - HS - Rectangle - REC - inverse head & Shoulder - iHS Verify it first and believe later. WavePoint ❤️
NYSE:MA
by wavepoint99
CSCO - Horizontal Trend Channel- CSCO is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. - CSCO has broken an inverse head and shoulders formation. - A decisive break of the neckline at approximately 50 will signal a further rise to 64 or more. - It also gave positive signal from the rectangle formation at the break up through the resistance at 49. - Further rise to 52 or more is signaled. - The stock has broken up through resistance at 50. - In case of negative reactions, there will now resistance be support at 50. - Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
NASDAQ:CSCOLong
by wavepoint99
ABG long trade - horizontal rangeTechnical: ✅ reached and respected horizontal support ✅ consistent pattern since Feb. 22 ⛔️ CTL not broken yet - could wait for break before entering ✅ Earnings (higher volatility) in about a month - previous bounces reached upper resistance in under 30 days, so should be out of the trade before Earnings announcement on Oct. 27 Market factors: ⛔️✅ Car Retailer - could go lower with current market outlook ⛔️✅ Market could be volatile/bearish today after the FED's interest rate announcement - could wait another day or 2 before placing the trade Setup NYSE:ABG 1D chart 1% fluff SL under low of range TP on horizontal resistance R/R >3:1
NYSE:ABGLong
by tradeisela