Bitcoin signal (fibionacci+puell multiple+market cypher)By assembling the Fibonacci retracement for every bull run, and the de Fibonacci speed from the 2015 bottom to the 2017 top for a macro view in the time and the amazing tool of market cypher, I also added the puell multiple to take into account the issuance of BTC flowing to the market I was able to find the best DCA zone for the Bitcoin.
Marketcypher
BTCUSD market cypher HYPER inflation phantasySo, this is not a very likely scenario to play out but hey who knows?
The last time marketcypher showed a green dot on the monthly was oct 2016 after which we had a year long bull run from 700USD to 20k.
Whicht accounts to an increase of nearly 2800% from the monthly close till the end of that bull run.
Obviously I am bullish on Bitcoin, this would be beyond anyone's wildest dreams for this market cycle though, and it would mean we continue the entire year of 2022. Also something that previous data did not show.
But hey! go BTC :D
long term trend projection.last three retracements pulled back to the
38% mark before bouncing up to just above
the 23%, before trend continuation down to
the 61.8% retracement.
Price is now at the 38% so look for longs up
to the 23% area (15200ish). at that point
shorts to around 14000 (61.8%). at this point
price should get very bullish and go to new ATH.
BNB/USDT - Fasten your seatbelts. You read that right. Fasten your seatbelts! Unless the bull cycle is over and we're doomed to get wrecked this week BNB/USD is primed for the ultimate fire works. In this chart I present to you what's called an anchor green dot brought to you by Market Cypher. These appear very seldom. These are very few and far in between but when they do appear, as mentioned in my recent post, they produce fireworks. The last time we saw one of these on the 6hr time frame was back on December 9, 2020 and subsequently BNB went up over 1,200%. Yes that is loco!
**Not financial advice.**
Is This A Massive Buy Signal On BTC?The Pitchfork and Fib Circles are made by the lord of the rings - @snookerer which Idea is below in the related ideas section.
On top of this, I'm using CryptoVN_Trend as the main oscillator and it gives green dots as buy signals which I've aligned with the green arrows to show on which candle the buy signal was fired.
What you can see is that the previous time this pattern happened was when we had the 3.3k BTC bottom a year ago.
It starts with one dot, then a big pump candle followed by a downward slope which takes 8 candles (40 days).
Then we get a second green dot buy signal and we also break out of that trendline which the downward slope created and it takes 9 bars the second time.
At the same time, we are holding support by the yellow ring which pushed us up pretty high last time.
At the same time, we just bounced off 6400 which is arguably the strongest support BTC has.
Just one more note: The same signal is showing up on a weekly chart too so unless there is no major crash in the next 24 hours this is a very powerful signal usually.