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2023 is THE year to invest in Bitcoin ??? (Benner Cycle)🚀🌟 2023: THE year to Invest in Bitcoin according to the Benner Cycle 🌟🚀 Hey there, crypto enthusiasts! 😄 If you're wondering whether 2023 is the right time to jump into the Bitcoin market, read on. In this article, we'll be exploring a fascinating concept called the Benner Cycle, which might just give us a clue about what's in store for Bitcoin this year and in the coming years. 📜 Who is Samuel Benner and what is the Benner Cycle? 📜 The Benner Cycle is a fascinating market prediction model developed by Samuel Benner, a 19th-century American farmer who turned his attention to market forecasting after he bankrupted in 1873. Wanting to learn more why this happened, he started to look at markets and observed cycles in commodity prices and discovered that specific timeframes tended to see major market movements. By studying these patterns, he managed to predict market highs and lows with surprising accuracy. 🎯 🔑 The Key Concepts of the Benner Cycle 🔑 The Benner Cycle is built on the idea that market movements follow predictable patterns over time. At the heart of the cycle are three key periods: 8, 9, and 10 years. Benner observed that market highs typically occurred at 8-year intervals, while lows happened at 9- or 10-year intervals. By identifying these patterns, Benner was able to forecast future market movements with uncanny precision. Just have a look at the image below to see how accurate it has been:🔮 You might be wondering how the 2008 financial crisis fits into the Benner Cycle, especially since 2007 was called as a top in the cycle. It's important to note that while the Benner Cycle can accurately predict general market trends, it's not a crystal ball that can foresee every market event. The 2008 crisis was an anomaly caused by factors beyond the scope of the Benner Cycle. However, the fact that the cycle called 2007 as a market top does lend credibility to its predictive powers. 🔮📈 🤔 Potential Criticisms and Limitations of the Benner Cycle 🤔 While the Benner Cycle has its fair share of supporters, it's not without its critics. Some argue that the cycle is too simplistic to predict the complexities of modern financial markets. Additionally, the crypto market is still relatively young and may not follow the same patterns as traditional markets. That being said, the Benner Cycle can still offer valuable insights for investors looking to navigate the ever-changing landscape of cryptocurrencies. 🧭 🔗 Applying the Benner Cycle to the Bitcoin Market 🔗 Now that we've got the basics covered, let's dive into how the Benner Cycle might apply to the Bitcoin market. Like any market, cryptocurrencies are subject to cycles of growth and decline. By studying historical price data and applying Benner's principles, we can potentially identify key turning points in the market and make more informed investment decisions. 🧠💡 Looking at the graph above, we can see that according to the Benner Cycle, 2023 should be the low of the markets and this suggests that we're on the cusp of a significant uptrend in the cryptocurrency market lasting till 2026. Additionally, with growing mainstream adoption and technological advancements, there's never been a better time to invest in Bitcoin. 💰🚀 In conclusion, 2023 might just be the perfect year to invest in Bitcoin, according to the Benner Cycle. By understanding this fascinating market prediction model and considering its implications for the cryptocurrency market, you'll be better equipped to make informed investment decisions. Remember, though, that no prediction model is foolproof, so always conduct thorough research and seek professional advice if needed. ⚠️ The above is not financial advice ⚠️ If you're considering entering the Bitcoin market in 2023, keep these tips in mind: 1️⃣ Do your own research : 📚 Don't rely solely on the Benner Cycle or any single market prediction model. Make sure to study a variety of sources and consult experts when making investment decisions. 2️⃣ Diversify your portfolio : 💼 Don't put all your eggs in one basket. Consider investing in more traditional assets as well to spread risk and maximize potential gains. 3️⃣ Set realistic expectations : 📊 Cryptocurrencies can be highly volatile, and there are no guarantees in the world of investing. Be prepared for potential losses and keep a long-term perspective. Only invest the funds you can afford to lose. 4️⃣ Stay informed : 📰 Keep up-to-date with the latest news, developments, and trends in the cryptocurrency market. This will help you make more informed decisions and stay ahead of the curve. 5️⃣ Have a plan : 🗺️ Develop a clear investment strategy and stick to it. This includes setting goals, defining your risk tolerance, and establishing a timeframe for your investments. Thanks for reading till the end! You're a champ! 🏆🍾 If you found this post useful consider a like 👍🏽🚀 and a follow. Share freely with anyone you think should read this! 📜 Oh, and surely let me know what do you think of the Benner Cycle and the prospect of 2023 being the start of a new rally in the comments below! Looking forward to reading your opinions!
BITSTAMP:BTCUSDLong
by Nico.Muselle
19
The Bitcoin Event Of 2023The Next Big Bitcoin Event Its getting to that time again the next Fib time sequence is around the corner, for months I have been going on about the next date, the last week of June 2023. Last year we managed to predict the biggest move of 2022 end of May/June 2022. I would say I was pretty dam close and if you look at the date of that publication that was January 2022 so months before this timeframe, I already knew the outcome and it was all because of this Fib time sequence I have been using for over a year now. When it comes to technical analysis I focus a lot on time, I think time is the key to be ahead when these macro pivots come and so far on a macro timeframe, we been successful since the start of 2022. The Fibonacci time sequence you see the main chart about is one I’m currently following closely even though is not the one, I have been following for over a year it still lines up to last week of June 2023. If we look at the last cycle when can see that the timeframe between 0.5-0.618 happen to be a major pivot. If we zoom in, we can see how closely 2019 its following, if we continue mirroring then its possible we see 38k top by end of June 2023 and come May 8th (0.5 Fib) we shall start seeing the pivot to the upside. Many traders are pointing to a retest of the top of previous resistance which was 25k , I think that is also possible but we would have to close above the 0.382 fib Fan to keep this rally alive , so a wick down to 25k and a close above 26k , just like it did march 6th 2023 with that massive weekly candle wick. This date May 8th is lines up closely with the next FOMC meeting where will see what rate hike we will get if we get a pause, it would be setting up perfectly for one leg up, history shows that pauses cause short term rallies which are then followed by massive drops. USDT dominance broke and closed above the 2/1 Gann Fann that I was watching closely which is not a good sign at all , if Bitcoin did wick to 25k then its most likely USDT would go up to the 3/1 Gann fan which is where it got rejected last time again march 6th 2023. The bump and run that took Bitcoin out of a bear market last cycle gave us the pico top at 13.8k which was the 0.618 , this was the technical breakout target of the bump and run reversal So this is where things getting interesting, the technical breakout target of this years bump and run that did the same thing as last cycle, took us out of a bear market is 60k , that’s right folks that’s the target of this Marco pattern. So now to the doom and gloom the red dashed projection on the main chart. Every cycle we make a Marco double bottom , it will be a black swan event , last cycle it was covid this cycle war/banking etc many catalysts out there pick one , here it does not matter if it comes we go in heavy because we will be expecting it. As you can see the double bottom happens before the halving event always and we are about 300days off the next which is in April 2024 so it is possible that we get the “pivot” for the crash coming last week of June 2023 if we keep on making lower lows on the daily week after week. This year it is definitely much harder to call a direction, most of the market thinks we have plenty of time to move up but for me its 60days for the move whether is up or down it all depends for me on holding that 0.382 fan fib , we start closing under it come end of June then red projection is likely to play out , one thing for sure coming into this timeframe things are going to get crazy.
BNC:BLX
by Sporia
3
MILLIONARES ARE MADE IN THE BEAR MARKETS! 🐻Hello Team this is for long-term investing ONLY! As we enter MAX PAIN ZONES that we warned of on May 21, 2021, & on our Socials make sure to keep your psychology straight. - Remember one thing: "Millionaires are made in the bear markets." meaning this is the time to start planting seeds. - The Lower we go the Better: Looking at Bitcoin from a macro view of a long-term holder we have started to enter the top of the accumulation zone. Bitcoin can continue lower down towards 10-15K, along the way is a great time to start adding to your Bitcoin & Crypto positions. Bear markets tend to last a long-time with a lot of price volatility and sideways movement. Our Strategy: 1) Have a HODL portfolio with some positions you believe in (BTC/ETH & Some main alts) that you never sell & keep on the Blockchain. 2) Swing positions that you enter during the bear markets & exit during the bull markets. These usually consist of speculative alt-coins. 3) Trading account. This is the account you use the scalp/swing trade the markets on the daily basis. 4) THE HEDGES against the markets. You know what they are :) Remember Crypto is still highly speculative do NOT put your lifesaving in DEFI or any Crypto. Only invest what you can afford to lose... there were many lessons in this crypto cycle. Wish you all the best! Be ready for more MAX PAIN and do not fear. Following us, you were well prepared for this outcome and played it perfectly! Have cash reserves ready and plant small seeds along the way.
COINBASE:BTCUSD
by GenesisGo
Long Trade (Bitcoin)It is beautiful sight seeing these patterns again, ascending triangles on bitcoin uptrends have very high chance to break to the upside in my experience. Here are some examples last bull run. The momentum is heavily to the upside guys its time to long the trend. Its time to use moon cycles again this equinox? will it be as easy again as 2021?, lets take a look at the chart . Since October 2022 we have had 6 full moons that have resulted to fairly good moves to the upside. We just to happen to have one today aswell so something to look at it, in 2021 it had a crazy hit rate. what a run that was using moon cycles , could we be entering the same period again now? Breakout target is 32.4k Stop loss :27.5k
COINBASE:BTCUSDLong
by Sporia
4
BlackRock says the market is WRONG ....The World’s Biggest Asset Manager With $9 Trillion AUM, BlackRock are saying that the markets Are WRONG By Pricing In Interest Rate Cuts. There is a divergence between what the Fed is saying that they are going to do and what the markets are pricing in terms of interest rate bets. The Fed is saying “We aren’t going to cut rates”, but the market is focusing on the banking crises and thinks that will force their hand. BlackRock says the market is WRONG and they don’t see any rate cuts this year. I think the US 10Y Yield bounced off some key support last week down to 3.25 and currently the market is side lined. There are some very clear levels to watch on the US 10Y yield. But while above 3.25 the longer term up move for the US 10Y Yield is intact and only a close below this level would trigger a correction lower toward 3.00 and 2.80. #banking #banks #economy #invest #investing #finance #trading #economics #markets
TVC:US10Y
by The_STA
2
Alt Market on the VergeThe alt coin market is on the verge of a potentially volatile move, with several interesting factors at play. The recent candle close above the 0.5 Fib fan, which has acted as resistance, now appears to be holding as support, signaling that something significant may be stirring However, the most critical chart to watch right now is the Bitcoin market cap dominance. In the past, whenever the RSI poked outside the 70 zone, it signaled a bottom for the alt coin market. Last week's close put us just past that 70 zone, and it took 91 days for the dominance to come back down to the range. During that time, the alt coin market moved $285 billion and $255 billion dollars. Therefore, a move of $250-300 billion from where we are now could put the market cap at around the 0.382 Fib and under the 0.75 Fib fan. This is one of many reasons why I believe the top for the market will be in late June 2023. I use Fib time sequences frequently with great success, as we caught the big move down in the market months before it happened last year. We plan to do the same this year. So, when will this move happen? For me, it's straightforward. Once we break the support on the USDT dominance, we will see the next and possibly final leg of this relief rally. The entire year, we have failed to break this level, which shows very strong support. However, I am confident that a break of this level will signal the start of the next significant wave up for the market. There is alot of money to be made in the next 90days its going to be a easy x2-5 on most alt coins the move is going to be volatile , greed will come into the market heavily but come late June 2023 it will be over so there is very limited time to take advantage before the next big crash.
CRYPTOCAP:TOTAL2Long
by Sporia
2
BEAR TRAPThis could be a huge bear trap setup right here just like 2019. The SPX500 holding support nicely for now , even though we are hours away from opening yesterday close was pretty good . If we remain in this ascending channel it would be the final flush out before the next leg. Lets not forgot the higher timesframes are looking good , contracting histogram momentum to the upside . The legendary hash ribbon buy signal with crazy hit rate. If we break this ascending channel the 2019 playbook goes out the window and we go back to the charts see what we can find but until then , setup for a long ,could take a week to build divergence.
COINBASE:BTCUSDLong
by Sporia
45
Cyclical Nature of BitcoinToday, we'll take an in-depth look at Bitcoin and examine where we could be headed over the next few months. The chart before you is crystal clear: we are in the midst of a repeating cycle. Regardless of how bad the news may be, or how much global conflict or financial turmoil escalates, all that matters is the chart. The chart speaks volumes: Bitcoin came back to the green zone in this model in precisely the same time as the last cycle: 364 days. Refer to this TA for more information on that: So we hit the green zone, we've bounced out of it, hovering just above it, as we did in 2019. With last week's weekly close, we've broken the 0.25 Fibonacci fan, just as we did in 2019. So, unless we do something that changes the mirror fractal, we will continue to stick to the view that this relief rally is just getting started. In 2019, it took us 56 days from the time we broke the 0.25 Fibonacci Fan to reach the relief rally top. If the same pattern holds, the week of April 10th, 2023, would signal the top, and we could go as high as $48k. Anywhere between $35-48k would be the topping zone. Somewhere within this yellow circle, around this time, would be the perfect topping signal for Bitcoin. However, things never go as planned, so we could top out as early as $35k. Why $35k? Well, the highest CME gap currently sits at $35k, with the 0.382 Fibonacci Fib. This is an area that I'll be paying close attention to because it's very possible that Bitcoin will close the gap and top out for the year at this level. If we zoom into the daily in 2019, we can see that we created an ascending channel coming out of capitulation. We have done precisely the same thing this cycle so far, but we will go one step further here. This chart shows the Pearson correlation coefficient, demonstrating decoupling from the SPX500 vs. Bitcoin. When we dig in, we see that, in fact, Bitcoin decouples from the stock around precisely the same time during this ascending channel in 2019. The negative correlation lasts for a significant chunk of the relief rally, as you can see. Very interesting. Here we can see that during that period, the Dow Jones dropped 7.59%, while Bitcoin rallied 78%. It's essential to note that even though Bitcoin has become increasingly more correlated over the years as it matures, there are still pockets of the cycle where there is negative correlation. Bitcoin has been performing consistently within the same bands as it did in 2019, a fact that remains true since the publication of the TA above from eight months ago. This post, published during the bear market, was met with skepticism and laughter from traders who claimed that the "MACRO ENVIRONMENT" would prevent the predicted outcome. However, the theory, vision, and analysis presented in the post remains valid and unchanged to this day. By removing the noise and emotions surrounding human behavior, we can stick to the chart and better predict market trends. Mayer Multiple Bands Bitcoin still playing within the same bands as 2019 perfectly . Of course, there's always a possibility that I am wrong. What if we're not going to have a relief rally, and this is the top? The invalidation level is always present, and nothing is ever 100% guaranteed. Looking at the fractal pattern that emerged during the 2015 bear market, we can see that history could repeat itself. While anything is possible, including a black swan event that could bring the market down in a week, I think the odds of this fractal pattern playing out are low, at around 10%. In every cycle, Bitcoin puts in a "marco double bottom." Even in 2011, Bitcoin put in a double bottom. Having cash on hand for when those two bottoms hit is essential. I believe we have only had one bottom, and while some analyses bet on the FTX black swan being the second bottom, I disagree. After the COVID crash in March 2020, I spent countless hours trying to predict when the next Bitcoin crash would occur. I was off by two weeks when I published my analysis in January 2022, but we did get the first cycle bottom around the end of May 2022. The only constant pattern we have is that Bitcoin puts in the second double bottom before the next halving, which is scheduled for April 2024. The average length from the second double bottom to halving is 256 days, and according to my analysis, sometime between July 24th, 2022, and April 2024, we're likely to get Bitcoin's double bottom, which would bring the price down to at least test the first bottom lows at $15k. My Bitcoin model predicted the pico bottom of the COVID crash in 2020, and if it follows the same pattern, the latest low band of the model will be retesting $15k is April 2024, which is the same month as the halving. Keep in mind that these are projected lines for this model, and if anyone is a coder who can add projected dash lines to the model, please DM me on TradingView. Another possible outcome for the double bottom of Bitcoin could be a crash as early as July 2023. As long as Bitcoin stays within this ascending channel, we have the potential to push much higher. However, if we break out of the channel and close below it on a daily timeframe, the chances of the 2015 fractal playing out become much higher.
BNC:BLX
by Sporia
8