BITCOIN | MAJOR TREND SHIFTBITCOIN is showing some major moves since the start of this year 2023. Is this the year of BTC where we witness new highs in making??
On daily tf, the major trend indicator 100DEMA indicates the shift in trend when #BTC breaks above it on 12th Jan.
However some key levels for btc is yet to break. $25500 is the first hurdle for BTC to continue its upward journey. We need a remarkable closing with good volume above this level to consider an uptrend.
If BTC successfuly manage to break above the said level then we can witness 32500$ and 37000$ very quick without major correction.
Let me know in comments what do you think of the idea
Seasonality
VIX - is the sell 20, buy 30 strategy done?Throughout 2022 you would have done VERY well taking profit when the TVC:VIX hit 20 and accumulating when the VIX hit 30. But has this trend concluded? This movement and profit/accumulation opportunity is consistent with the most recent tightening from 2017 to 2018 where fed funds were rising, and the yield for 2 year treasuries in the bond market exceeded fed funds. When the yield for 2 year treasuries fell below fed funds the VIX remained below 20 until covid hit. The VIX spiked during covid and consistently descended while the market expanded. This pattern is only observed in the most recent cycle and not something that we see consistently repeated historically. If the 2 year remains below fed funds, should not expect the VIX to range between 20 to 30 or will 20 to become the ceiling?
Q4 effects on BitcoinTIME BASED LONG TERM BITCOIN SPECULATION
First of all,
This analysis is not about to tell you that the bottom is in or not, this is a fun theory which has no confirmation for the future.
As i see every time Bitcoin enters the November zone, it starts to make a bigger move.
In this analytics maybe not the november month is what matters, it can be analysed by quarters or yearly periods too, but i chose the november zone.
2014 november: (A)
-top of the bull market
2015 (little bit after) november: (B)
-bottom of the bear market
2016 november: (C)
-breakout and retest to the fibonacci zones then rally
2017 (little bit after) november: (A)
-Top of the bull market
2018 (little bit after) november: (B)
-bottom of the bear market
2019 november: (C)
-breakout and retest to the fibonacci zones then rally
2021 november: (A)
-Top of the bull market
2022 november: (B)
-Bottom of the bull market?
We can also identify a gap between C and A period because the rally doesn't end in the next november cycle.
This analytics does not say that the bottom is in, but it can be already in or days/weeks away from the current price.
The structure has to be analysed by self, and this chart could give us a clue where should we see the price a year after.
The price should be in the 30k region to see a retest or a breakout from the zone.
in 2024 we should see 30k usd / BTC, but we don't know that if we will have a rally before it.
Hope i gave you something interesting.
Thanks for reading and have a nice trading carrier:)
(Always bullish on BTC)
Bitcoin - Major Levels | Potential RecoveryI have marked out the major levels of bitcoin, I believe that the macro economy is about to recover from here, We may struggle abit before we continue up but I believe we will sooner or later break up from where we are right now. A potential retest around 20k is possible before continuation. There is extreme amount of money sidelined in all markets ATM and this could bring huge price action upwards. I can see bitcoin break a new ATH in 1-2 years from now.
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NFA
Good luck trading out there.
Total ALTCOINS Market Cap Excluding BTCWith everything in the crypto space haven plummeted more that 85-90%, it has been one of the longest crypto winters since the emergence of Mainstream Blockchain technology. With most of the indicators signaling the start of a bull market, with the next bitcoin halving just a year away, and technically from the chart, we might be on to an altcoin season....Brace up!!!
XRPUSD - adifferent viewJust to show you something that no one is showing you :)
Yes that is weekly chart
Yes it takes a lot of time to see movement
Yes it is worth to invest at the right times (Shown on chart)
Yes it is worth waiting
As seen on the chart, first chance to accumulate tokens (Number 1 - accumulation phase) provided +1325.79% gain
Second chance to accumulate tokens (Number 2 - accumulation phase) provided +707.89% gain
Now there is third chance for accumulation (Number 3 - accumulation phase) how much will this accumulation provide? We need to wait patiently and accumulate properly.
I was providing you with analysis and accumulation regular reminders months back in my analysis.
"Those who do not learn history are doomed to repeat it."
Study the past and learn for it. It is accessible to everyone... you have eyes, now learn to see.
BTC Correlations vs ES / NQ / GOLD / DXY / Global LiquidityBTC was strongly correlated to equities for long periods of time
Most noticeably, from the beginning of COVID until the LUNA collapse the correlation was almost constantly close to 1.
Recently, BTC seems to decouple from equities again and track GOLD more closely.
AUDUSDAUDUSD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
BTC/USD Just comparing % with the fall in 2013-2015I just compared the % with the fall in 2013-2015.
A structure that is currently being formed on a large time frame in a secondary trend. Logarithmic graph.
Percentages are retained for clarity, as in 2014-2015.
Earn money in the market does not allow banal greed. Almost everyone suffers from this disease. Therefore, your freedom from greed gives an unthinkable superiority over the patients of the “devil”.
Secondary downtrend. 2013 – 2015
Percentage price reduction from key areas. "Removal of Passengers"
Secondary downtrend of 2013-2015 and super “takeaways” in it. Then the pedestrian goes sideways (accumulation)—with similar “discharges of extra passengers." Pay attention to the % reduction and zone. The “terrible prices” of which after the cycle were the price of dreaming of "more than one stream of hamsters."
The market shapes people's behavior. What is displayed on the price chart.
Never try to catch highs or lows, work in parts. Disconnect from the majority controlled mindset of society.
Main trend. Line chart. Logarithm. Term 1 month
BTC/USD Secondary trend cycles and BTC halvings.
The same, but on a candlestick chart.
BTC/USD Main trend. % Secondary Trend Highs
Secondary trend (part). Work zone.
BTC/USD Secondary trend (part). Local work.
The basis of profit/loss is who you are here and now. Your knowledge and experience are projected onto the graph. The symbiosis of these two parameters, implemented in practice, will earn or lose money.
BTC Wyckoff AccumulationNotice: Since January 16th I have charted out this possible Wyckoff accumulation schematic. I have only updated the supply and demand boxes to justify the moves that have happened, but the pathway hasn't been touched. With this most recent push up to 26k I thought now was the time to publish this idea.
BTC is at a point where my idea is either invalidated or it will continue to playout until it is invalidated. A weekly close above the weekly swing high will change my expectations for this chart, but could still have a similar pathway. If we get a close above, then we will have an actual market structure shift on the weekly since the bear market started. At that point I would be looking for a double bottom and the lows to be revisited, or possibly a sweep of the lows were we never get a close below.
If we don't get a close above then this idea is still in play and I will be looking for the "Sell in May" to start to bring the market down, apathy to kick in and people to stop caring for a little while. Summer Lull will continue to bring the market lower, with a rally here or there but ultimately the downtrend to stay intact. Coming into Aug/September, a bottom to be formed and wash out all the bulls that were calling for the bottom to already be in. Nov/Dec we can get our Q4 rally heading into the new year where we could see an actual change in market sentiment, just in time for the FED to start QE and heading into the halving where we will see the start of a new bull market. This chart takes wyckoff and pairs it with seasonality and the current market conditions that makes sense to me. Everyone seems to not want to take the current macro economic conditions going on into consideration. This idea I believe does.
Bitcoin LONG 2023-2025 RoadmapBitcoin
2023-2025 Roadmap
Let the bull cycle flow through your veings
Focus on time cycles, market cycles, market psychology, markdown/accumulation/markup phases
Averaging in on Bitcoin/crypto during these down periods and averaging out as we go parabolic has proven to be high IQ moves for 10 years+ strong. No need to stop now.
Trend is your friend
-@CryptoCurb
ETH Long$BTC March 2019 Trendline Break
vs
$ETH March 2023 Trendline Break
sned it
Market Cycles are everything in $Crypto, a break of $2k on $ETH, we are targeting ~$4k-$5k in less than 1 year time frame.
Banks are collapsing, feds are printing, crypto risk-on narrative is in full swing.
-@CryptoCurb
LONG run in Adidas📈I've placed a limit buy in this market because:
the long-term descending trendline was been broken
we have a bullish seasonality for Adidas
the price has broken above the 30's SMA
the price has broken above the prior swing high
the price has formed now a sequence of higher highs and higher lows (= bullish trend)
Clarity on your chartsIn this analysis of Bitcoin, I intend to use SMT (Smart Money Trading) concepts to read the price and understand what the chart is indicating. Based on this analysis, I believe that Bitcoin's price will continue to experience strong downward movement until the second quarter of 2024, providing an opportunity for investors to make potentially profitable investments
"I am a new ICT student who is still learning and mastering the concepts. I practice your ideas daily, analyzing markets such as the S&P 500,Nas, US30 commodities like gold, and cryptocurrencies. Stay tuned for more updates!"
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Bitcoin - Wyckoff Method Phase B ?Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
With this chart, we aim to identify the current phase of Bitcoin / BTCUSD / BTCUSDT by using the Wyckoff Method . The Wyckoff Method can be extremely technical and complicated, with many phases, sub-phases, sub sub phases etc. The four main phases of the market cycle are accumulation, markup, distribution, and markdown . On this specific chart, we're taking a look at the accumulation cycle .
If we look at the two image examples provided and combine them with Fibonacci time cycles, Phase B could last up until September 2023, or towards Q4 of this year. What is means for BTC now, is that we can still see an extended period of range trading for the next few months.
Here are some terms and definitions you may find helpful :
PS—preliminary support - where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end.
SC—selling climax - the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC , reflecting the buying by these large interests.
AR—automatic rally - which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR.
ST—secondary test - in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC . It is common to have multiple STs after a SC .
SOS - sign of strength, a price advance on increasing spread and relatively higher volume . Often a SOS takes place after a spring , validating the analyst’s interpretation of that prior action.
LPS - last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume . On some charts, there may be more than one LPS , despite the ostensibly singular precision of this term.
BU - “back-up”. This term is short-hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level.
Furthermore, a brief look at the phases:
Phase A
Marks the stopping of the prior downtrend. Up to this point, supply has been dominant. Selling climax ( SC ) occurs here.
Phase B
Institutions and large professional interests are accumulating at relatively low-prices in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more) and involves purchasing at lower prices and checking advances in price with short sales.
Phase C
It is in Phase C that the price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up.
Phase D
If you've plotted the phases correctly, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume , as well as reactions (LPSs) on smaller spreads and diminished volumes.
Phase E
Price begins to behave bullish as demand is in full control and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived.
All of the above in mind, I believe we are currently still trading in Phase B of the Wyckoff Method Accumulation phase. This means that we may still test support zone / resistance zone multiple times, until a clear bottom has been established. This would need to be lower than the most recent bottom, and I still think the possibility exists of returning back to $13K levels.
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SPX Quarters and Moon CyclesSPX in a rising wedge, same as BTC could see a rally to the top of the wedge and breakdown on the new moon/Vernal Equinox. Typically we see a local bottom/rally on the first new moons of the new quarter. The measured move of a breakdown of the rising wedge brings the SPX into the golden pocket retracement level which could get hit on the full moon of April 6th marking a local bottom.
My 2 cents on eBay It's technically a quite bullish chart. The price has established an higher low, has broken above the 30's SMA and has broken the descending trendline, re-tested it and now it seems like we're in the game. ;)
Furthermore there is a bullish seasonality playing out ATM. So I put on my horns in this case ...
BTC Moon Cycles going into the Vernal Equinox If we look at the previous run-up prior to the Vernal Equinox BTC was in a rising wedge . BTC bounced from the bottom of the wedge during full moons and rejected from the top of the wedge during new moons. The 3rd full moon was the final rally prior to the top being put in on the Vernal Equinox. Interesting confluence taking place here. "Seasonality"