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Ready for the Saturday Night Special?Bitcoin now forming a bearish pennant on the lower timeframe a techincal target of breakdown is somewhere between 18000-19000 which lines up with the CME gap at 18.5k. Sometime in the next 48hours we will get a move , now normally major events in Bitcoin happen Saturday morning (UTC), why I have no idea but if I were to speculate ,I believe its best time to catch most poeple away from the charts , these moves happen between 5-6am here in europe . London 5-6am New York 11-12am Shanghai 11-12pm You can see that most of europe and the US are sleeping at this time but its mid day in china and they are ready to nuke the market while you are asleep , happened many times last year on saturday morning here in europe. Take a look at 2021
COINBASE:BTCUSDShort
by Sporia
4
Mayer Multiple Extremely Rare signal!The Mayer Multiple has officially turned black! Let's go over how rare this signal truly is! October 2011 / 85days - Price 2.13 Dollars January 2015 / 9days - Price 178 Dollars December 2018 / 11days - Price 3300 Dollars Average of 35days with 2011 included without 2011 we talking about 10days average , this is by far the rarest Bitcoin oversold signal you're going to get. Now the lowest Mayer Multiple Band is 18.2k which is in line with the last CME GAP! Last time we hit the lowest band was March 2020 covid crash which tapped it perfectly! This could be the key at pinpointing the bottom. The question is when , well it could very well happen this week since bitcoin has never closed under a 200 weekly moving average. If Bitcoin did hit 18.4k close to the CME GAP then close the week above 22.3k which would be the 200 weekly. something like this playing out CME TA - Mayer TA- Mayer's ratio is at 0.55 ,very interesting times!
INDEX:BTCUSD
by Sporia
1
Crypto Market Cap UpdateInteresting things happening in this chart , Crypto Market Cap "Excluding BTC". The head and shoulders pattern is clearly playing out and the technical target of this pattern would be at 303 billion dollars which happens to line up perfectly to the 0.618 Fib. At the same time we have a very rare signal flashing in this RSI indicator I use , it's based on the elliott wave theory and shows when waves have completed 5 counts , since 2018 we have had just three signals and keep in mind this is not a lagging indicator its real time . Last time we got green triangle was the bottom of the bear market in December 2018 and now its flashing again , keep in mind that in order to confirm this signal we must close the weekly and if market cap goes lower the signal will move to the next candle , always have to wait for candle after for confirmation of a trend reversal. The point is that the fact that its flashed on means the bottom is could be near for the alt coins but this head and shoulders pattern has over 80% success rate so if it does play out it would be a brutal move down to 303 billion.
CRYPTOCAP:TOTAL2
by Sporia
1
One more Gap left?Not posted a TA about gaps in years , not traded a gap in years , once we blasted off in December 2020 and hit 50k range I thought no chance we fill the two gaps (yellow circles) , gaps are a thing of the past no longer get filled..... 536 days later we fill the 25k to 27k gap and no we have one more gap to fill at 18.3k , this could be the bottom filling this dam CME gap , after this gap we have no lower gaps to fill only the new one created recently (blue circle). CME is currently at 20k just 2k off the last lower gap to be filled if filling this gap is not the bottom and worst case max pain price would most likely be 14k. Its also important to note that Bitcoin has never closed a weekly candle under the 200 weekly moving average and right now we are 10% under the 200 weekly .
CME:BTC1!
by Sporia
2
USDT dominance weekly RSI new record!The weekly RSI on USDT chart has hit a new record! We now more overbought on the RSI than the covid crash of March 2020 , as you can see whenever we peak above the 70 zone we normally get a major bottom of some kind. I use this chart alot infact I use it to trade with Bitcoin side by side it gives you amazing confirmation , check out the TA below , using this chart I predicted moves in May and where it would bottom. This chart is backing up my other trade at the moment check it out . The chances are we will get a rally coming from this zone and this is a cycle bottom.
CRYPTOCAP:USDT.DShort
by Sporia
2
Bitcoin Roadmap V3Today we shall give a go at timing the Bitcoin cycle once more. This year I have been correct in my perspective going as far back as January 2022. I had been eyeing the Bitcoin cycle bottom in May , check it out below. Even executing the best trade of my career yet, riding that short down straight into capitulation. It's been a good year so far so the question is what happens next. So right now Bitcoin is sitting on this diagonal trendline that started off the bullrun late 2020 , if this holds we could see upside movement the next 10 months. Personally I don't like diagonal trend lines most of the time they fail so I don't trade them. If it does hold , what could play out is a move up to the top of the 8/1 Gann Fann sometime June 2023 which also aligns with 0.618 fib. "hint" , sell in June 2023" If prices come up to 50k june 2023 and get rejected off the 8/1 we will then start the shift back down to 25k sometime July 2024 ,why 25k? well if 25k is the cycle bottom Bitcoin always comes down and retests the cycle bottom and creates a double bottom before the bullrun starts. This has happened every cycle even in 2011 , take a look We always come back down to retest. Last cycle the relief rally after the cycle bottom was rejected at the 0.618. This is why I have marked June 2023 as a potential date of a macro shift downwards because the 0.618 and top of the 8/1 Gann Fann line up closely . If Bitcoin did create a double bottom then we could say 25k hit on the 3/1 Gann sometime July 2024 and then the cycle double bottom is complete, after that sometime sept 2025 to break the 8/1 Gann and start the next Bullrun which would peak sometime Oct 2026. The question everyone has been debating for weeks now is , if the bottom is in ! My opinion is that it is in fact in , the herd are waiting for lower prices , there is mass fear in the world , CPI is 8.6% highest since 1981 , everyone is scared to buy , everyone is eyeing the 200 weekly and when everyone starts eyeing the same thing what tends to happen , the opposite . I'm going to go against the herd on this one and say the Bitcoin cycle bottom is most likely in , did that capitulation wick feel like a bottom? no it didn't but guess what didn't feel like a top either , Bitcoin at 65k in April 2021. The bottom never feels like a bottom and the top never feels like a top if it did timing the market would be easy. Why do most traders expect price to hit the 200 weekly like past cycles when it didn't hit the top of any band this cycle as a top , we didn't even get a blow off top. I go over this TA on the mayer multiple and how we are at a historically low ratio for Bitcoin price.
INDEX:BTCUSD
by Sporia
3
WILL THE FIAT WHALES EXPLODE HOT(HOLO) TO THE MOON?Hot ( Holo) looks into a side of technical analyses very interesting for the possibility to have a whale increase, but at same time knows we are still into breakdown trends on most of the markets. learn from historical trends. BTC is the main coin, on this reason, there is no guarantee in markets, and on every trade, you invest make sure there is a risk management ready, we have seen from history trades what can happen, also from Luna and more coins. Back to Holo It's not about the new network holochain for the web3 that is that seems to be ready, and where there can be some interest for the price action, but it's about a point where are now, that could be interesting for the whale side. We are into a golden point for Holo - and with time we will see or this point will get confirmed with an increase as it shows, or we will get the unexpected breakdown. At last, it's interesting to follow it. This is not investment advice, all markets could be very risky.
HLong
by Goldenbreakout
The New Chainlink Cycle Has StartedThis could very well be the new Chainlink channel before breaking the 8/1 Gann Fann and going to all time high. So as you can see from the two yellow circles this channel is becoming pretty important for link. Last time we hit the bottom of this channel it was the Covid crash March 2020. 791 days later we had the same thing happen capitulation crash to the bottom of this channel and so far things are looking pretty good, we keep closing weekly candles above it . The BTC/LINK time sequence is now officially started, check out this TA below . From here onwards Link has now started its new cycle, a potential rally could take it as high as 20 dollars this year , before rolling over at the top of this channel going into 2023. The next BTC/LINK sequence is now April 2024 which lines up with Bitcoin halving and March 2024 time Fib you see in this chart. It is possible that during the period April -March 2024 chainlink will break the 8/1 Gann Fann and start its parabolic move upwards and break all time high. Target for late 2024 would be 185-200 dollars.
COINBASE:LINKUSDLong
by Sporia
6
This time its different.....What amazes me about the whole cycle is how close both topping patterns played out. 1. The double top pattern with a lower higher on the daily market the top and a massive drop. 2. This phase of the pattern was not exactly the same. 2017 we had a 98% bounce and in 2022 we had a 41% bounce but it did take around the same time before starting the next leg with 2017 taking 52 days and 2022 taking 62 days. 3. Now this is where things start lining up pretty damn well , same impulse move up and a double top but with a higher high trapping in everyone thinking we were going higher. Now this entire move was all orchestrated. I explain why in detail below in a different TA . 4. This phase was nearly a perfect mirror from 2017 and it was obvious at this point at least to me that bitcoin was in full distribution , which tends to happen in bear markets. 5. After phase 4 is over then proceed to pump 41% in 2017 and 45% in 2022 , only to return back to marker 2. The bull market blueprint of 2021 was in 2017 , the same players using the same tactics to leave most of retail high and dry. They don't even bother to change the way they do it, rinse and repeat . I always thought Bitcoin was the people's money but now after this bullrun and understanding the way they move the market I really don't think so anymore, the same 7-10 year old wallets shift the market right in plain sight , everyone has access to glassnode just go there set 7-10 year old wallets and see for yourself , market is rigged. Check out the comments I posted on this TA published nearly 2 months before this crash. That weekend I was getting massive alarms for the 7-10 year old wallets, same story different cycle….. There is still hope for decentralisation and to bring power back to the people but it's not through Bitcoin , it's through cult dao . A project that is bringing back true decentralisation. The Website -https://cultdao.io The Whitepaper/manifesto -https://cultdao.io/wp-content/uploads/2022/01/CULT-DAO-Manifesto-1.pdf
INDEX:BTCUSD
by Sporia
17
HS battleHi again. My chart was purged for rules. However, I like to post actual chart on daily time frame. There is only weekly sing Fibo and important neckline. I will monitor price action there. I made red box if Bitcoin push over blue neckline higher. There will be higher high confirmation if BTC started the 5th impulsive wave. Until that, is wise to be neutral as it is correlated to SP500 stocks. Yellow average is 50 week moving. Upper HS seems bigger. But there has equal targets ( cca 40% ). I like to thank you for comments, likes, own ideas and also appreciate your attention. Let the future begins. Make your own decisions , take care and never risk too much. Emvo. *This is not a financial advice. Do not ever invest or trade by my ideas. It's on your own risk.
BITSTAMP:BTCUSD
by Emvo10
LUNA TO THE MOONIt is so hard time for LUNA coin. THe CEO of luna is smart guy and trying to come bake with different ways. One of them is burning coins each minute and also creating new token for giving back for those who lost their money. But market has risks and traders learning it. Mistake will help to everyone. Its time to gain good income now and do not lose this good chance. Always invest that money that you can affort to lose. Live is risk any time you can die, win, lose, get profit.
LLong
by humortvc
14
Bitcoin Mayer Multiple 0.67!A reminder to everyone that Bitcoin Mayer Multiple is at 0.67! that is a very rare buying opportunity. www.buybitcoinworldwide.com Now is the time to load up on Bitcoin as of May 8th 2022 we turned purple a period in Bitcoins cycle that has only happened 5 or 6 times in all of its history , indicating that we are extremely under valued. There is even extreme cases where you can see a dash of black in the middle of some purple periods showing actual bottom of cycles.
INDEX:BTCUSDLong
by Sporia
3
TRX AND ENS - THE COINS WITH THE HIGH CHANCE - TRADING TIMETRX And ENS depending on trading study movement - shows it has a high chance for a long-term hype trend - for more reasons. The technical side The updated side TRX shows a strong technical view for the coming time - of course, is this not a guarantee, but its an option to follow the trend. About ENS - the new hype trend looks to have a start. the ENS domains that get now registered on the open sea could bring a higher effect. Let's shine the light on these 2 coins by this update tradingview - and this is not for no reason - it's because these coins have what to show. it's a long-term update - markets change all time - buts it's a technical follow. Do you also expect the same? then write for yourself why you base that, because that would be a great point for next breakouts - if this playout is right, it means your study or tools did work for this time. And as always - markets change on their way sometimes up and down - that's why a plan is a must.
Long
by Goldenbreakout
1
ARKK and Cathie Wood = trouble AMEX:ARKK Like many people, I've lost $$$ falling in love with Cathie Cathie has literally destroyed my portfolio. Does shares bought at $150-$130 are now worth a quarter of that. What is going on with ARKK and are we going to see more lows? News: All ARKK ETF’s continue to underperform relative to the S&P 500 is growing and Teladoc Health, one of ARK Innovation ETF’s most overweight positions, just collapsed in value last week. Unlike Bill Ackman who dumped his funds $1.1 billion investment in NFLX and taking a loss of around $400 million, Madam Cathie is adding more to her position. Charts: EMA ( Exponential Moving Average ): Price action is below the 200 EMA (discount buying opportunity) Price is also below 20/50/100/200 EMA and are all pointing downwards! Looks like we've been in a death cross since November 2021 and we're not coming out of it anytime soon. TTM Squeeze: Squeezing to the bottom but it looks like it wants to change direction at the current support line (super trendline; at the bottom of the pattern). Fib Levels: with the price below the 1 fib and headed towards the 1.618, if the current support support line doesn't hold, we could see $ARKK in the $30s...(bye bye to my $44K leap call option expiring in December). Candle Stick: Summary of last 5 candles equate to a bearish movement; you might as well just call them a 3 black crow. RSI: In a great position which also supports the TTM Squeeze movement... No matter what happens on May 3rd or 4th, I should just buy some more at this point. Pattern: Falling Wedge and still falling; Need a savior. History: ARKK seems to have lost it's hedge and it's now crashing and burning; a breakthrough will be nice.
AMEX:ARKKLong
by STAKKNATION
Chainlink Cycles The link marines have a sour taste in their mouth , they are confused on why the link is not going up . If you go to the official chain link twitter you can see with every official link post showing the project's massive progress is met with a wave of angry investors asking why the price is falling and calling for the end of Chain link . All we need to do is take a look at the whole picture to get an idea why the link is going down, look at that parabolic ascent since 2018! How can one think that this ascent was sustainable , it's been on a godlike run for years 32000% since June 2018 and yet everyone has lost faith in the project. The link marines need to come to terms that Link had its blowoff top and has gone into a bear market and for the record link has been in a bear market before and that was 2018 , price retraced 88% and took about 500 days to return to all time high. Chain Link could very well be repeating its bear market pattern from 2018 before continuing on another multi year run. If so I do believe that the bottom is not in , I still think Bitcoin is yet to capitulate , check out the TA below. So if Bitcoin does capitulate to the 200 weekly moving average then the link still has to bottom . The golden box you see there is where I think the link will bottom sometime Late May -July 2022. If price does drop into this golden box then most likely it would wick down so best to set limit orders at 7.5-9.5 Dollars. Why would the link price start dropping May 2022 well we have a time frame because of this Time fib chain link sequence on LINK/BTC dominance chart. 23rd May 2022 put it down in your calendar what happens this date I don't know it could be a pivot down ,up ,bottom or nothing. Last few dates have gone up . Now two new discoveries today that I found first is that the Fib spiral seems to come around back in July 2022 which is interesting because that's when I think we will have a cycle bottom in July 2022 , we normally take 30-50days to cycle bottom from major pivot so pivot end of May 2022 lines up with july 2022. USDT dominance is the key to finding the bottom and that Fib sequence on that chart points to a July 2022 bottom. The next discovery is a new Chain link fib sequence which as you see has hit every single top so far perfectly , amazing find today ,next date 3rd October 2022 , thats the Fib time dates on the main chart above. So with everything I have found with Chainlink and these dates what I think could happen is the following : 1. 23rd May 2022 start pivot down to capitulate 2. Find a Bottom in the Golden Box around July 2022 3.3rd of October 2022 starts a parabolic run. 4.19th June 2023 return to all time highs. So breaking the descending wedge on price and weekly RSi before June 2022 will invalidate everything .
COINBASE:LINKUSD
by Sporia
8