BTC/USD Prediction AnalysisGood morning to all respected Traders and Investors,
I made a simple analysis for BTC/USD
Just prepare for the worst, I find support at 28k and resistance at 69k
I reckon you guys to entry at 28k and Take Profit at 69k
"Whatever you think, think the opposite :))"
Happy trading you all
Happy investing you all
Good luck!!
Critics and comments are super appreciated!!
Thanks!!
Cheers!
Regards,
PS: This is not financial advice. Please DYOR before entry the market
Logscale
TLRY Swing Idea, LongPlease note I am using the logarithmic scale for these charts.
TLRY was in a clear downtrend for 78 weeks, and has since been consolidating for 34 weeks. with highs of $300, and a current price of 7.40, this thing has huge potential for a large bounce. on the 1W chart, we have been essentially range bound since the highs and have recently broken above.
Trade Idea:
I will be position trading.
Buying throughout the trading session on NOV 13th, so long as $7 to $6.70 holds intraday.
SL if price breaks back into the long term range and breaks below the current higher low on the 4h chart, around 5.35
PT above 10 selling bits and pieces on the way up. Could see this retesting $25 and even $50
2022 Is the Year of Syscoin according to Log SYS USD ChartsBackground FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin , making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of $SYS is $350m at the time of writing. Coinbase integration is also in place. Syscoin has been trading for 8 years, making it one of the oldest cryptos still alive. Coins are fully distributed, no large holdings either by the team or any single investor. Same level of decentralization as Dogecoin had, when we first covered it in Autumn 2020.
Background TA: SYSBTC Pair broke out of a Massive Multi-Year Long-Term Downtrend with highest ever volumes.
However, this time it's SYS USD that is very interesting and it's only visible in a Log Scale Chart. It's currently in the early stages of Parabolic Growth. One of the very few coins on the crypto market with a multi-year chart available permitting making long-term analysis. The only other coins with Established Parabolic Waves are Bitcoin $BTC, Ethereum $ETH and Dogecoin $DOGE. We covered $DOGE extensively when we discovered Parabolic cyclicality in the Dollar pair. Same short-term parabolic trend was visible in $SHIB in late 2020.
Syscoin is the last major coin of the crypto markets whose next parabolic move up is only in the commencement stage. From 8 cents to 80 dollars it would make it 1000x, placing it alongside other similar coins that performed this stunt over multiple years, such as $ETH and $DOGE and a short-term example of $SHIB.
Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.
Is LTC set to outperform Bitcoin?We have a Falling Wedge with Extreme Amounts Bullish Divergence on the RSI at the 100 Percent retrace of a Bullish Shark within a large 4 year structure. LTC is not only setup to outperform BTC but it is also setup to outperform Bitcoin Cash and Ethereum.
As of right now BCH, BTC and ETH charts look very bearish so it would be very interesting to see if Litecoin can stay bullish throughout potentially an impending crypto storm.
ETH 1D LOG SCALE - Support LineEthereum ETH 1D Log scale chart shows that there has been a long trend line forming since March 2020. As the price is falling, there is support around the $4100 - $4200 price range. If it breaks that price range, we may be seeing lower price targets.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
Check out more below for recent Altcoin, Bitcoin and Stock Ideas.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
#BSV Bitcoin SV LOG Chart- 5X potentialI always wonder why BSV is offered on Robinhood and not on Coinbase. :P
I put together a Log chart on a 1D and looking at history to assume where this is going.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
#LTC Litecoin 1M LOG Chart - 10XCould a 10X still be in the cards for Litecoin LTC?
I put together a 1M LOG Chart for LTC and assumed the double bottom breakout in the works. The 478% calculation brings the fib level to 2.618 almost perfectly. Of course this is an assumption but I can't rule this out.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
Polkadot #DOT 1D LOG ChartAssuming it following in the parallel log channel, Nov 15 high/low noted in the chart.
Fundamentally, DOT is a good project and has strong growth potential.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
BTC : March 12 2020 Log Line
Here is a trendline from March 12 2020 to October 7 2020
extended on a logarithmic price scale
using 12Hour heikin-ashi candles :
March 12 2020 was the lowest price point of 2020,
and forms the beginning point for the trendline.
Using that point,
we can form the lowest unbroken support trendline
before the post-ATH drop.
Let's highlight our current battle, and then zoom in a bit :
Extending the line to the right shows that BTC broke below the trendline numerous times, the furthest point below happening about 3 weeks into July 2021.
1Hour view :
It appears that horizontal resistances may not be the only factor in the current battle.
5Minute view :
Of note,
I would consider this line as the middle of a ascending range or channel of influence,
given that it is formed using rather dated (but important) price points.
Therefore, I'll be watching for an obvious upward price launch not just at the line itself, but also from the surrounding area to signify that the line has been broken to the upside.
And if we do get an obvious break above the line, perhaps it will resume its previous role of ascending support?
Let's see what happens.
// Durbtrade
Market Outlook WeeklyTVC:SPX using a log chart I channeled the market since it's inception. The top of the channel (in red) is exclusively where the major stock market crashes have happened. The bottom channel (in green) is "crash free." The bold purple line is where 3 of last 4 market crashes have happened. Since the "Nixon Shock," $spx has failed to breach this line, except during the "dot-com bubble." U.S. inflation rates are rising, the Buffet Indicator (divide by US GDP on the chart) is at an all time high, and the CAPE (SPX ECY on chart) is starting to. rise, like it has at the top of every crash. However, a major crash has not when CAPE is above that black line, excluding COVID.
Note: Not claiming a crash now, just saying there are some warning signals and to be cautious.
BTC Log Cycles - Based on HalvingsExperimenting with Bitcoin high time frame log charts, I began to notice some patterns.
Please note: This is a work in progress and by no means financial advice.
Highlighted in yellow are two box areas, the rest is built around them. The similarity appears striking, imo. Does this mean the chart will continue to produce and follow these patterns?
Log charts are generally meant for and used with curved lines. However, when one finds a straight forward geometric pattern between the last 2 major cycles and this one, based on halvings... couldn't help but continue to explore, and hope this is interesting for you too.
I will continue to monitor and update, if this chart and pattern continues to make sense as it unfolds, and will attempt to simplify so it is easier to read. But wanted to post this before going to sleep, and again, this is only a work in progress. Any feedback, questions or suggestions are welcome. Best.
The most bullish chart in crypto!Hi crypto traders,
Using the Anchored VWAP, we can clearly see that we are in a bullish macro trend but short term correction. Bulls are in control and we will not close on the daily lower then 2.7usd.
Price targets for THETA are just mind-blowing. We could see even 200usd per THETA. But better exit, it will be once the price touches again the yellow log scale up trend
Thank you,
3X BTC Bear Token Looks Ready To Make High Percentage MovesBTC is showing exhaustion on the MACD and RSI at the Logscale 1.618 PCZ of a Bearish Butterfly and looks to be gearing up for further downside. The way I plan play this move is by buying the 3X Short Token for BTC as it looks to be breaking out bullishly on on the Daily RSI and the MACD seems to be ready to make some more Positive Momentum.
The weekly for this 3X Bear Token also looks to be showing a Bullish Pinbar if it manages to close the day and thus the week the way it is now.
Overall i think the it has the potential to go back to the 1 cent area.
BTC down, but not out!A rather drastic drop just occurred for BTC with potential (probable) drops to continue (after possible short-term retracement). The long-term linear trend just took a rather harsh hit as the price dipped below the support around 58K and subsequently plummeted to around 51.5K USD. However, this doesn't look like the bull market is done just yet.
Whenever I see a dip without a flash crash from the beginning uptrend, I tend to look to the logarithmic chart for what trends to observe (NOTE: the current crash was to the 61.8% Fibonacci for the dip since 43K and around 23.6% Fibonacci of the dip since 29K). Additionally, the current logarithmic trend looks to have started fairly earlier and more conclusively than the linear trend, so I feel it can be better trusted for longer-term trend expectations.
From the daily logarithmic chart, the uptrend definitely looks to be continuing (as indicated by the yellow trend line which I drew quite some time ago which some may have seen sneak into some of my previous charts), but one can definitely see there is a bit more possible dip to occur (to near around 47K, which is around the 38.2% Fibonacci level since the 29K dip). I anticipate this level is likely to occur with the current downtrend, but not necessarily after some retracement occurs (and potentially propelling a few alts back upward slightly in the short term).
Hence I am currently keeping an eye on the long-term daily upward support to see if it continues to hold. If it does, a retracement like that which is currently occurring definitely has the potential to be a healthy retreat before a longer uptrend within the next year. However, if support falters, it can definitely lead to a year(s) long reversal. Either way, the aforementioned levels seem to be some key points for which to watch out in the short-term to determine the rest of the long-term trend.
Please like if you agree or leave a comment if you see some different trends/concerns that I am missing as I would love to hear your thoughts!
Bearish Logscale Butterfly with Buyer Exhaustion on Daily RSIThe RSI looks exhausted as BTC continues to try making higher highs and the MACD looks ready to rollover.
There is also confluence with the Logscale 1.618 and the Linear 3.618 at these levels and i would not be surprised if we get a corrective pullback to the 20k area. If 20k doesn't hold then i will change my corrective pullback bias to a capitulative crash bias Aiming for 10-8k
EW: Five-Wave Cycle On BTGUSD, More Upside After A PullbackHello Crypto traders!
Cryptocurrencies are in a massive rally and one of them is also BTGUSD (Bitcoin Gold), where we see room for more gains within a five-wave cycle, we just have to be aware of a potential pullback in wave 4, which can be quite big looking at the logarithmic scale chart. Well, what we want to say is that BTGUSD remains bullish while it's trading in that EW channel and any decline should be only a temporary pause within higher degree trend, before we will see a continuation higher for wave 5.
Be humble and trade well!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.