Bitcoin 1 000 000$ ❚ Livermore cylinder📣 Hello everyone!
I bring to your attention my, I’m not afraid of this word, GLOBAL trading idea for Bitcoin for the decade ahead!
☝️ Now let me, as briefly but informatively as possible, explain to you how, step by step, Bitcoin will most likely come to $1,000,000 dollars, as well as what the two most serious risk factors are today ⚡️
In 1929, Jesse Livermore published this hypothetical chart (bottom right) showing “The Most Important Thing Happening to the Price of A Stock.” At the beginning of this pattern there is an expanding accumulation wedge, an upward “megaphone” (“horn”) formed from two sloping trend support/resistance lines. In the original, according to Livermore, it is necessary to take into account the volume when forming a pattern, but in my opinion, in relation to Bitcoin, it is better to take into account the spread; I removed this turkey from the final chart for the aesthetic reasons of the trading idea, so let’s study it on our own.
Having spent quite a lot of time on multiple technical and fundamental analysis of BTC, as well as taking into account trends in the macroeconomics of the United States and the world economy as a whole, I came to the conclusion that a very strong bullish pattern is forming on the Bitcoin chart - the EXPANDING WEDGE OF LIVERMORE ACCUMULATION!
This means that from the birth of Bitcoin until 2024, all these bullish and bearish microcycles are a period of accumulation of the asset!
🔹 Now briefly on key points according to the pattern:
1️⃣ All-time Low (ATL) - the minimum price of Bitcoin in its entire history, the birth of an asset!
2️⃣ ATH 2017 – First serious takeoff 🚀 Maximum of the bullish rally that ended in 2017 in the 19-20 k$ zone
3️⃣ Low 2018 – minimum correction after ATN 2017
4️⃣ ATH 2021 – a new absolute historical maximum in the area of 69k$, which only a few spoke about in 2019, including me with my trading idea Bitcoin $55 k$
5️⃣ Correction completed - low 15.4 k$ - Correction to growth to $69,000 completed in November 2022
6️⃣ The end of the bullish rally 2022-2025 - Bitcoin price 115-150 k$
- According to the graphical pattern I am considering, the long-term upward trend will most likely be limited in growth, taking into account the error on the monthly frame, by the zone of 115 - 150 k$ - At the moment, Bitcoin is consolidating above 60 k$.
The second inflation wave will force the Fed to return to tightening monetary policy after the US elections, probably closer to the second half of 2025 or even by the end of this year! Bitcoin will set a new ATH before this time and a long-term bearish trend will begin.
7️⃣ In 2027 - low correction ≈ 30 k$, the Fed is forced to give up, the war against inflation is lost. The start of an unprecedented QE... FED Money printer - brrrrr.....
- In 2027, the Fed will be forced to surrender, the war against inflation is lost. The United States will solve all its problems in the only possible way - launching a printing press and unprecedented QE. 2027 marks the start of the dollar's descent into hyperinflation.
The Bitcoin correction will end at 30 k$ +-10%, this will be the last opportunity to buy before the bull market of the century, the realization of an exit from almost 20 years of accumulation!
8️⃣ The most powerful and fastest bull rally in history! The first wave after exiting
accumulation. Hyperinflation in the USA...
- The most powerful and fastest increase in the price of Bitcoin in history! The first wave of the bullrun after exiting accumulation, within 1-2 years the mark of 500 k$ per coin will be reached. The United States is plunging into hyperinflation, the dollar is leaving the world stage, and the yuan is taking its place. Digital assets and commodity markets are growing.
9️⃣ ATH is coming soon... The second wave of the bull rally!
- Soon there will be ATH in pairs with the dollar... The second wave of the bullish rally! Hyperinflation is growing, the Fed can do nothing more - the phrase “dollar collapse” will sparkle with new colors among skeptics.
1️⃣0️⃣ Bitcoin $1,000,000 + "Bubble Peak"
– Bitcoin has crossed the $1,000,000 mark, the peak of the dollar bubble. In 2030-2035, the dollar may cease to exist as a currency in general; trading against the dollar may simply be stopped.
The value of BTC will already be measured, for example, against gold in the BTC/GOLD pair, or the Chinese yuan BTC/CNY.
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⚠️ This could have been the end, so to speak, to put an end to this trading idea. Further points make sense only if the dollar still exists, which is unlikely from my point of view. I just don't know what should happen. But I still outlined further points on the original Livermore pattern in this trading idea.
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1️⃣1️⃣ BTC first major sale
– the first major sale of Bitcoin, since there is no such thing as eternal growth! Sooner or later there will always be people willing to sell; former bulls begin to sell short!
1️⃣2️⃣ Test 1 000 000$ before selling short!
– A round psychological level of one million dollars will be like the 10 k$ level for Bitcoin at one time; the price will interact with it more than once. 1 000 000$ test, followed by a powerful dump.
1️⃣3️⃣ Long-term correction near strong support 500 k$,1M timeframe
- Long-term correction - strong support 500 k$, timeframe 1 month.
1️⃣4️⃣ Flat correction – Another flat correction in a bear market, or any other.
1️⃣5️⃣ Strong support 100 k$ - Strong support in the area of 100 k$ - the formation of the bottom before a new growth cycle, it will probably already be >10 000 000$ (assuming the dollar exists at all!)
🔹 I note two global risk factors that could make significant adjustments to this global trading idea:
1️⃣ This is the government's fight against Bitcoin. I believe that in 2025-2027 Bitcoin will come under pressure from the US government, when it is already clear that Bitcoin poses a real threat to the dollar. Ultimately, Bitcoin will emerge victorious from this situation and there will be growth. The main trigger for the future bear market phase from my point of view!
2️⃣ The second threat is more significant. Bitcoin depends on electricity and miners in particular. Planet Earth is entering a cycle of natural disasters that will increase exponentially every year. Many areas in the world will become uninhabitable. Sooner or later, large miners will come under attack, what geolocations they will be and who will suffer first - I don’t know for sure! The network may not die completely, provided that the life of humanity and technology on Earth is preserved. But it is impossible to predict what damage will happen to the price of Bitcoin in this case.
⚠️ That's all for today, I wish you good luck in making independent trading decisions and profit. Please analyze the information received from me, always think only with your own head!
Goodbye! ✊
Livermorecylinder
Uranium could explode back half of 2024CCJ leader of uranium.
CCJ has been developing a text book Livermore Accumulation Cylinder. In the last uranium bull market CCJ developed this accumulation cylinder over 4 years from 2000-2004 and now its doing the same accumulation cylinder from 2020-2024.
We are in the final flush out stage 7 before an explosive wave 8 up.
The chart on the right shows CCJ/SPX. You can see we are in the final bearish flush-out stage before CCJ starts outperforming SPX massively. The ratio also signals CCJ is a long way from outperforming SPX so the real bull has not even started yet.
We can confirm this analysis by the miners underperforming the metal - URA/U.UN. Once the miners start outperforming the metal, the real bull takes place as we are on the APEX of that happening soon.
The Junior miners will be the stars of the show when the big capital rotates into the smaller developers and explorers.
Bullish Livermore Accumulation Cylinder on ZapexLivermore accumulation cylinder forming on the Zapex chart. You can clearly see the widening mouth pattern where price moves back and forth between the two nonparallel lines. Currently at only about 1 million market cap this CEX/DEX Aggregator looks like it is about to explode to the upside.
CHNG Weekly Bullish Livermore Accumulation CylinderCHNGUSDT / Chainge Finance token forming a nice livermore accumulation cylinder pattern. Point 7 also forming on a level of historical support and resistance.
Livermore's Accumulation Cylinder QQQSpeculative idea and comparison here. Sure look's like it in terms of structure! Upward broadening, overextension breakout of resistance, and correction.
pixiutrades.files.wordpress.com
Things to watch before really diving into it...
13.7K and 11K. If you're impatient and need to know right now it seems like it's a range but this is a 7yr pattern at play. We need to see which way it breaks for confirmation of what's more likely. A continuation of this possible pattern or an invalidation.
Also take note of where price is currently at...just above the .382 retrace, this will be also useful to watch.
And lastly, the 40 and 200MA tests will be extra confirmation to watch. Above 200, under 40 right now. To reach "15" that 200 most likely will need to cross down.
I highlighted 2 - 10 day (2 week) demand boxes. The first box in that 11K range which is the structure break level for a new lower low. It could retest, it could bounce, it could break, or it never tests it.
The second 10 day demand box (at "7") much lower lines up with the Livermore diagram where it ends at the "15" and the .786 retrace. If it breaks the 1st box and reaches the 2nd box, that could potentially mark the completion of this 7 yr pattern.
Just speculation of course, let price action tell you.
XRP and the Legendary Jesse LivermoreToday we are going to discuss the Livermore Cylinder an accumulation patter first identified by Jesse Livermore a Legend in the trading industry as he for the most part is the reason we are all here today doing TA. You will get a little history, a little TA knowledge, a nice chart to help with your DD and some education on the fundamentals of this accumulation pattern.
Jesse Lauriston Livermore ( July 26, 1877 – November 28, 1940 ) was a US based stock trader who was a pioneer in the early days of massive market manipulation, little rules and wild west every operator for themselves days. From my readings of Jesse and Richard Wyckoff (my two favorite historical traders) it was crazy times back then and order needed to be created to help the average trader like you and myself have an edge on the game. Thus these two traders pioneered many techniques that we still use today.
One of those techniques is the Livermore Cylinder accumulation pattern which basses a large wave breakout of "Stock A" on wave 8 after a long accumulation period. As you can see on the chart I have laid out for you, the accumulation matches perfectly aside from the black swan event that came about when the SEC filled suit against Ripple Labs for selling an unregistered stock on December 22 2020. This trading pattern is defined by a cylinder shaped accumulation and further confirmed by the volume relating to the accumulation of the asset. To depict the volume of the accumulation I choose to use the Weis Wave Volume indicator by @LazyBear as it best illustrates the accumulation and distribution visually with the waves better then the traditional volume indicator for this specific pattern.
As you can see in the sketch note on "Example A" on the chart titled "Livermore's Speculative Chart" you will see the diagram drawn by Jesse Livermore depicting the accumulation of each move and the volume behind these moves. In wave 1 you will notice a small volume spike showing that buying pressure is starting to increase as well as at the top of wave 2. Wave 3 shows a sell off as the volume decreases but the accumulation continues into wave 4 which is a high accumulation volume and increase in price action. Wave 5 presents the black swan event of the SEC lawsuit against Ripple Labs causing a sell off which matches the volume indication on wave 5 but, the price action slightly pops out of the Livermore cylinder which is ok as it leveled back out after the cooling off period from the lawsuit. Still though presenting an increase in selling volume as the price then started to increase into wave 6. After wave 6 we experienced the sell of that has us to the current price of today and completing wave 7. Per the rules to this accumulation wave 8 will present a large increase in buying volume as well as a swift increase to price action raising the asset up quickly and most likely creating a large blow off top before heading onto to waves 9,10,11,12,13,14 and 15 which would complete this accumulation patter and bring it back down to most likely be the end of this current bull run.
I will update along the way.
I hope you folks have a very GREEN year ahead in 2022. Tell me something that you learned from your trading endeavors in 2021, lessons, mistakes you learned from or some education that you would like to share with the community in the comments below!
Savvy
Bitcoin could be completing an accumulation cylinderThe price action of Bitcoin of the past few months is very similar to the accumulation cylinder from Livermore’s Speculative Chart. According to the chart, Bitcoin could be in the last stage of the accumulation before it takes off.
Step 8 is only there for reference and is NOT a price target.
LTC/USDT : 2 major factors that makes LTC ready for new ATHBINANCE:LTCUSDT
Hello everyone 😃
There are two important factors that makes LTC extreme bullish for next month !
1️⃣ LTC has formed a rare bullish pattern that it confirms 230% growth based on LIVERMORE's SPECULATIVE CHART.
2️⃣ There is a repetition on LTC/BTC pair which is currently on bullish phase.
As we mentioned on our last analysis about BTC and ALTs; this month will be great opportunity and now LTC is one the coins that have enough potential to over perform BTC...
1️⃣ LTC has formed a rare bullish pattern that it confirms 230% growth based on LIVERMORE's SPECULATIVE CHART.
Recently we recognize that LTC movement is so similar to LIVERMORE's cylinder pattern; Now we passed the accumulation points and next point will be at profit zone !
So now; What is LIVERMORE's CYLINDER PATTERN ?
Jesse Livermore was a speculative trader who based his investing decisions on the price action rather than on the stocks fundamentals.
Jesse was from the first halve of the 1900s where the market participants of the day had little understanding of the fundamentals.
Their investing philosophy was gambling oriented and they simply speculated on price increases.
📌 Based on LIVERMORE's chart; LTC will have 3 more highs in incoming months.
However LIVERMORE's chart was based on traded volume but we can calculate the average direction of it !
2️⃣ There is a repetition on LTC/BTC pair which is currently on bullish phase.
On monthly timeframe; LTC/BTC have a same scale of movement on 2017 !
Last time that BTC underperformed LTC pair rallied up to 580% in 3 months...
Now BTC is underperforming LTC again !
We expect another aggressive push in next month on this pair and so; We might see same result on USDT's pair.
Hope you enjoyed our analysis about LTC's possible new ATH🙌
You can support us with your likes.
Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
ROSE/BTC LongROSE/BTC looking good for continued upwards movement:
A Livermore cylinder has been printed with increasing
volume on the price rises (indicated by the + signs) and
the decreasing volume where the price falls (indicated
by the - signs).
Once the 7 wave finishes and price holds above the
0.236 Fib retracement line, we can expect the
violent 8 wave to transpire taking us to at least the
1.618 Fib retracement line, even the 2.618 line
@.00000515
and
@.00000675
respectively.
Ichimoku is nearly as bullish as can be:
-Kumo cloud is green
-Tenkan is above the Kijun
-TK is above the clouds
-Price is above the cloud and is a few sats from
being above the TK
-Lagging span is above the cloud and the price