What now?Bitcoin failed yet again to break and close above the 3/1 Gann , check out the TA below .
It completed a W formation, broke out of the 3/1 and then got nuked. Daily did not close above. We had a massive fake out here , since November 15th we have failed time and time to break this 3/1 gann.
So my whole thesis on May 2022 being the top is highly unlikely at this point with just 100 days till May I don't see it happening. So what does May bring then , the bottom most likely where is the bottom who knows , 1.618 Fib is the orange line of support you see so hopefully that holds till May 2022.
We are close to the bottom I think if we just take a look at the USDT Market dominance we can see its hit resistance , this is a chart I follow to find tops and bottoms in Bitcoin it works like a charm take a look
We have this very clear ascending channel and everytime we hit the tops and bottoms of the channel it's a major bottom or top for Bitcoin, last two times it was July 2021 and September 2020 both bottoms , at the moment USDT dominance has never passed this level but I expect it getting to the top of the ascending channel sometime late April 2022 bringing Bitcoin down to somewhere around 28--30k.
Beware of the False relief rally that is coming, a rejection of price anywhere in the orange box will be setting up for Bitcoin to go lower.
The weekly RSi is at historic lows for Bitcoin and we are still at 35k which is good , take a look below.
As always if you have been here more than one year you know the drill stack more crypto everything is on discount. I have picked up more ETH and AAVE today ,and saw a very interesting video on AAVE and how it's undervalued and also version 3 is just around the corner .
www.youtube.com
There is a small long scalp I will throw in here since it's not very often you get this setup. Market cipher printed four yellow "x"s meaning price has been exhausted and since everything is extremely oversold a bounce should be coming in soon .
Stop Loss =34300
Take Profit =37600
I think we can now say the four year cycle pattern is out the window. Maybe we have much shorter cycles now much faster , maybe we don't blow off tops anymore , who knows Bitcoin always seems to do the unexpected and no matter how much you go over previous cycles it still remains one step ahead.
Invest
The End Of The Linefollow up to my last TA have a look below.
Its the end of the line ,either bitcoin forms a double bottom or W pattern formation or its over short term.
Bitcoin can't seem to break 4/1 Gann , never seen such strong resistance coming out of a Gann its like slamming into a brick wall.
If we do break this support I do not see how a May cycle top will come in this year instead it will be reversed and it could be a bottom of the new cycle.
A 1000 Dollar ChainlinkDoes chainlink even have bear cycles? , one can say price just goes into a long accumulation period before heading up once again.
Secondary Long term channel still intact , I did have another I was charting but it broke that one. Chainlink has had a double rejection off the 8/1 Gann so far.
The longterm channel and the end of the 8/1 Gann cross March 14th 2022 , I had been going over the idea of a cycle top in May 2022 for a while using a Chainlink Fib time sequence, it is possible that May 23rd 2022 for Chainlink is not the top but the start off its parabolic cycle up to 1000 dollars June 2023.
The chart below you see is LINK/BTC this Fib sequence has been perfect so far at calling major moves in LINK and also calling the bottoms for price next date May 23rd 2022 ,out of hundreds of Fib time sequences I have used in the last 2 years this is the only one that has had a perfect count each time without fail.
Ascending channel/Big Day MondayJust a short term TA on the current price action .
Bitcoin has formed an ascending wedge and got rejected once again of the 4/1 Gann . We can't seem to break this level finding it has major resistance , Monday is a big day for Bitcoin we decide if we carry on up and break the 4/1 Gann or resume the downtrend.
As always set some time fibs , keep in mind this is the hourly chart next fib count would be 2hours from this post but the next would be Monday Mid day well at least for me UTC+1.
The Satoshi Prophecy Will be fulfilledA few weeks ago I posted the TA Satoshi Prophecy , check it out below .
In that TA i laid out my entire thesis on why the top will be May 2022 and how we are still in a bull market. Nothing has changed since since December 12th 2021 since i published that TA , my timing on that chart was off but everything else is still intact for now.
After everything I have discovered the last few days I'm even more confident that we will push forward onwards and upwards.
Just check out these four TAs below that backup my prediction even more.
As you can see we are repeating the same fractal as the October 2020 breakout with both nearly perfect mirror fractals on the weekly and daily.
Price will start to increase in momentum 10th of January 2022 and the Bull market momentum will be in full swing starting 17th of February 2022 and ending June 2022 latest.
Cycle Peak zone would be sometime Late April 2022 to early June 2022 I have been going over this idea for a long time now check out below .
Even though the TA above was published June 21st 2021 the idea of a cycle top of May 2022 is something I have been thinking about as far back as April 2021 after the last Chainlink Fib time count , read the Satoshi Prophecy above to understand that part.
So there is a clear line in the sand for me there is no other level of support under the Marco 8/1 Gann Fan if we break the Marco 8/1 Gann and close a daily or weekly under its over , that would be the signal for me that a bear market has began. There is no "other" level of support in my eyes , I have added a smaller inverted 8/1 Gann which so far has had hree amazing reactions so thought I would add it .
So everything setting up the stage for an amazing run don't be fooled by these small 1-5% moves , the only thing that is not bullish is the Global leverage ratio which is at all time high but from the data this last year all time high leverage does not equal to a drop in price take a look at the picture below with this link ibb.co , in July in fact leverage dropped and price went up.
Also, on chain data shows wallets older than 7-10 years are not selling either , so apart from those two things lingering slightly bearish everything looks fine.
Litecoin Rally 3.0 (Bear or bull?)Litecoin is pretty much in the same spot as Bitcoin , in a descending wedge but at least with LTC we also have bottom support with the 4/1 Gann which is making the lower part of this descending wedge pattern.
There is a Fib time on the 24th of Jan 2022 that could play out to lines up with the end of that wedge but I doubt we will grind down to the tip of the wedge .
Sometime in the next 14 days we will find out if LTC starts its bear market we already can count this price action unfortunately creating a lower low for the daily which is not good at all.
ATOMBTC - INVEST IDEA💡💡#INVEST 💡💡
ATOM / BTC
▶️ Buy in 1Block (40%) + 2Block (40%) 0.0003902 - 0.0004347) + (0.0002560 - 0.0003250)
This is an investment idea. There are no stops here. I leave 20% in case of force majeure. As practice shows, the profitability of investments is higher than in trade. Duration: 1 - 12 months.
#ATOMBTC_INVEST_111221
VETUSDT - 1W - LONG💡💡#INVEST 💡💡
VET / USDT
▶️ Buy in two Block
1Block (30%) 0.06758 - 0.05667
2Block (70%) 0.03974 - 0.02914
🔴 SLT -1W (Trigger, close 1W candle below)
SPOT ONLY!!!
It's going to be a long deal. I have placed limit orders in blocks. This deal is in case "everything is going to be bad."
#VETUSDT_INVEST_281121
LMND Lemonade Investment Idea Main PostLMND is at a very attractive price, it is a great idea to put it in the long term investment basket. Below we are going to discuss Fundamental analysis as technical prices can be shown on the chart.
LMND management and board:
1- Founder and CEO: Daniel Schreiber
From His Linkedin page we can see that he served in the following companies and positions before being the CEO of Lemonade:
A- Alchemedia, Inc as Co-Founder and CEO: this company been acquired by GroupM which is a Global media investment management company for WPP’s media agencies including Mindshare, MediaCom, Wavemaker, Essence. We do not have a lot of information on Alchemedia except it is a media planning & buying agency in South Korea.
The only strange indication is that this man does not sit in one country. From Korea to USA to Tel Aviv. Anyway lets continue.
B- M-SYSTEMS as a Vice President, Marketing & Business Development: This is a technology company that create and invent hardwares. Also not much dedetails about the company except their website is in Greek language. This is another indication about the person being a traveller.
C- SanDisk as Senior Vice President and General Manager of Mobile Network Operators: Now we are talking about holding a high position in a company with international brand name. He worked from 2007 to 2011 in multiple positions and responsibilities, being 4 years in such company mean that he is doing good work, there are multiple long job descriptions for positions he held in the SanDisk but I am not going to go through them all.
D- President and Board member of Powermat: Powermat Technologies Ltd. is a developer of wireless power solutions for consumers, OEM and public places. The company licenses IP, sells charging spots to public venues and the software to support their maintenance, management and consumer interaction.
E- Founder and CEO of Lemonade: Discussed.
The second guy of Lemonade is Shai Wininger, is guy is a legit person, lets go through his profile:
A- Co-Founder CPO, CTO of Mobideo Aerospace: Industrial grade analytics and control platform, connecting workforce data, machines and people.
B- Non Executive Co-Founder, Board Member of Santa Inc
Santa is the next generation of retail, a new kind of shopping experience that magically brings a personalized store to each customer’s door within minutes. The Santa app notifies users when nearby and facilitates the discovery of premium products curated from top national and global brands as well as local artisans and small businesses—spanning from fashion and home decor to toys and electronics. Customers can experience Santa’s assortment in their home with no commitment before the purchase is completed in the app. Santa is now serving residents of Frisco and Plano. To discover or download Santa, visit GetSanta.com
C- Founder of Fiverr since 2010. I do not think this company need any introduction.
This guy is a machine but I am not sure whether he going to settle in this company LMND or will also move from his position and open the next company as insurance companies really need care and continuing reputation caring.
And the third wing of Lemonade is Ty Sagalow, his profile include
Board of Advisors- Metabiota, Senior Advisor of BlockRe, CEO of Innovation Insurance Group, LLC,
He even wrote a book about founding Lemonade called The Making of Lemonade.
I will continue with Business description and insurance industry below.
Stocks To Watch This WeekThe Market's longer term uptrend still intact and things look cautiously optimistic. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 18 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
GALA Games, the new BTC?This is my investment project. Investing for the future. Gala Games is, for example, free gaming and thus earning dollars. This game is currently 70% played in Africa and India. In India the daily wage is 1.23USD and by playing this game you will earn a monthly wage daily. This project will end hunger in the world. That's one reason to support it, right? Gala Games just signed a contract with EA and funds are pouring in. Compare it to Axie Infinity and look at that chart. Two thousand twenty-one was the year of the NFTs, 2022 will be the gaming industry! I am convinced that this coin will turn people into millionaires. Good luck!
UPST retracement - Publishing my own idea, come to own conclusions.
Fibonnacci says it's retraced and MACD and RSI are near bottom. CCI is at a low and doubt going lower. CCI with other indicators are best to buy at bottom or crossing 0.
UPST earnings a year ago was positive and now $0.60 for QTR, reported revenue is up 3x from a year ago and only double from $125.
Good entry point to not worry about, but fun enough to watch. Too many panic around earnings looking at all the red and green spikes.
#BTC.D 2H Chart update
Very slow movements from BTC.D which is ranging in a downtrend on low timeframe. We are still waiting for it reaching either the supply or the demand zone for more confirmation, however i expect it to reach the supply first as we also have a huge imbalance which needs to get filled and then we would be waiting for price's reaction on that level.
#BTCUSDT 2H Chart update
Analysis perfectly played out as shared yesterday and we predicted this retracement days ago. Price exactly tested the 2h demand zone at around the 62.2k level taking out the liquidity below the equal lows and got heavily rejected from there. MACD is showing very slow bullish momentum, however RSI and EMA ribbon are both showing bearish indications. Price is currently ranging in a downtrend but as long as the 2h demand zone is not broken we would still be looking at a new ATH sooner or later. It needs to reclaim the 65k level and break the previous high in order to continue with the bullish movements.
#AAVEUSDT 3H Chart
Price was consolidating between the support at $300 and the resistance at $350. MACD is showing bearish weakness, RSI is sold and price is trading below EMA ribbon. Huge liquidity was resting below the support which price took out recently liquidating all long positions from this area also leaving a freshly printed supply zone and an imbalance. Liquidity is still resting above the resistance at $350 meaning the supply zone will most probably not hold as much and we should see bullish movements sooner or later.
#XRPUSDT Daily Chart
Price tested perfectly the first supply zone as predicted where it got heavily rejected. MACD is not clear, but RSI is bought and EMA ribbon is working as support for the price where it is bouncing from. Bullish structure is still respected of HTF and price is bouncing from the support level at $1.15. I expect it to break above the last high reaching the second supply zone where it will get rejected again. Overall, price will break above both supplies and keep moving upwards.
#AXSUSDT 2H Chart
Price previously dropped heavily leaving another supply zone just below the previous one and bounced perfectly from the support at the $135 level. MACD turned bullish again but we have low volume plus RSI and EMA ribbon are neutral. I don't expect the first supply zone the hold because big liquidity is resting above that level, we could see a sweep of that liquidity taking out all short positions from this area also testing the second supply zone. If no rejection i seen on the second supply then we would be heading to a new ATH.
#DOGEUSDT 4H Chart
This analysis was shared yesterday alongside with other coins which played out perfectly. Price broke out from the support line tested the major 2h demand zone where it got heavily rejected and is currently back above the support at around $0.253. MACD is showing bearish weakness but RSI is sold and price is below EMA ribbon. Mixed indications, there is still uncertainty in the market but we are always searching for good opportunities. We are still waiting for more confirmations in order to determine future movements.
#AVAXUSDT 2H Chart
Price was moving in an uptrend creating higher highs and higher lows, however it failed lately to break above the previous high and a support level was created at $87.2 where big liquidity is resting. MACD is showing bullish momentum, but RSI and EMA ribbon are neutral. I expect price to takeout all the liquidity resting below that support level testing the 2h demand at $73 before continuing to move upwards.