Get started

Similarity

BITCOIN can rally to $170K if it repeats 2018-21 historyHere we looked back at the bars pattern from 2018 to the beginning of 2021 and replicated it at April 2022 (the BLUE pattern). We can see a clear similarity in the bars' pattern from April 2022 to January 2023 which makes us believe that the price will repeat history. We are presently in a Concentration Zone where the price is predicted to BREAKOUT bearish at the start of February 2023 and rally as low as 8.5k. The price would then come back bullish and rally as high as 170k and hit new ATH. Bitcoin looks bullish in the long run !!! Let me know if you agree! This is an analysis. Not financial advice.
BITSTAMP:BTCUSDLong
by YanakTrading
DASH - It Is Going To Rally Just Like Zilliqa It is nothing better to see than a bigger market cap coin going parabolic and therefore becoming a leader amongst altcoins. Zilliqa chart is looking extremely similar than a lots of alts, one of them is DASH. I've copied / pasted and properly adjusted ZIL chart to the DASH so that all the dips are in the same timeframe. You can now see how similar charts are. Dash is clearly a grinding bit slower given that it is an older coin (2014), but when it pops it goes similar to what ZIL did and will likely continue to do so as an alt season progresses. If DASH would do the same as ZIL it would be sitting at just above $430 right now, preparing to go above $1k. That is still to come and so we have to be patient. Patience is crucial for a success here. I am not a financial advisor so non of this should be taken as a financial advise. Wish you all successful investment. BINANCE:DASHUSDT
Long
by CR35
2
Litecoin will copy 2018-2020's cycleHey guys. As you can see on the Litecoin charts in the past, a noticeable ABC correction wave is visible. If we take the similarity ratios of 1.375:1 (490D & 357D) and apply it to the current cycle, we can determine the next local top. 70 Days * 1.37 = 96 Days from the C bottom correction wave. These numbers are from the May-July correction, based on the 2018-202 cycle, we can mirror that and possibly find a top. Expect in June for Litecoin to hit around $300-400. Safe Trading, -Pulkanator
BITFINEX:LTCUSDLong
by Pulkanatir
1
BTCUSD - BUYERS BEWARE & BTC TO 100k around MARCH 2023If there is one thing that I enjoy doing in the markets, it is speculation, and I find it particularly enjoyable trying to find where the market is building liquidity, for what better reason, than to take advantage of it and make that all-important moolah! xD BTCUSD has shown its hand and, after developing, what I would describe as a weak triple top (weak because the last leg did not really develop well), is now going down. If there is one thing we know quite well, it is that markets are fractal, and it is not unusual for markets to repeat their actions. However, all too often, we fall into the trap of seeing something so obvious that it becomes a sure sign of the manipulation that is about to occur. This obviousness is what I would equate to liquidity. Let us break this chart down, but before I begin, I provide here a small word of warning I AM PROBABLY WRONG and a word of advice WHO CARES! If we are wrong, we add the result to our journal and learn from it. I will read the chart from left to right. So here goes! We start by seeing price accumulate with significant upwards pressure from the left. Price tried to trade downwards aggressively (11 January 2021) but closes about mid-bar. This sets the tone for a few days, and the price stays clear of that fractal low. Buyers enter the market with some belief that this is simply a pullback and the continuation will occur soon. Most traders’ stops are likely to have been below the newly formed fractal low; this builds liquidity and is traded into twice. This is important because of the significant buying volume that comes into the market and the retreat from sellers. This low of this area represents the line in the sand, in terms of our trading bias. After this, price drives to 65000, and woopty doo, all the news headlines start screaming BUY BITCOIN! DO IT NOW! RISK IT ALL, BABY! You know that saying be "fearful when others are greedy, and greedy when others are fearful." Yep, people got greedy xD What was the tell-tale sign that we might experience a sharp u-turn on price? For me, it was the Break of Structure; when the price broke the two previous fractal lows on the daily (19th – 26th April 2021), I had doubts about if the price would ever return to that level, price accumulated near the ICT Breaker Block, and then traded upwards to clear the previous fair value gap generated (Smart Money concept) before diving down. Where did it stop? It stopped right back where the previous re-accumulation area occurred. This gave us some assurance that this is a protected level and that it is improbable that we would trade past this level. This assurance was confirmed when the price accumulated and broke again to the upside, creating another area of interest which I describe as "ZONE 2." If we make a small comparison, we note that in the first re-accumulation, the largest bodied candle was the candle which broke the previous high. However, the largest bodied candle, in this move, DID NOT break the fractal high in this accumulation. WHY? I will offer my theory soon as we need to read more of the price-action. Price then re-accumulated (first orange box), in a similar fashion to the first re-accumulation and then continued upwards to break the previous all-time high. Ok, please do me a favour, take your measuring tool, and measure the leg of the re-accumulation that created a new all-time high (57000). Now perform that exact measurement on the Re-accumulation area (67000); both moves are around 25000. If the significant players intended to break the previous all-time high, and they only had the energy to push price by around 25000 before taking a breather they would be weary because a push from the accumulation area would be fuelled by mostly their own money as they would be trading in the middle of the premium & discount area i.e. mixed market intent, and this would take price right back to a previous selling area, a brick wall and a potentially lousy chess move. So instead, the price needed to take a breather mid-range to attract more sellers into the market, creating the liquidity needed to fuel the push upwards, and thus the first push was not aggressive and the second re-accumulated area may not represent the full positions of key market participants. So what next? As price comes closer to ZONE 1, it is likely to consolidate and form a clear trading range; sellers will be induced into the market through perceived weakness, and buyers through false breakouts to the upside. Key market participants will slowly drip feed their BUY positions. Most sellers will be taken out by a Shakeout action (Wyckoff) which will take the price down to ZONE 2 and may trigger yet another flurry of sell positions. Zone 2 will mark the last buying area before we start trading upwards to 100k. If we fail here, this might be the start of a bear crypto market; Goodbye gains xD Nevertheless, let us be hopeful and ask ourselves when price might track upwards towards the all-important 100k level and how might this happen. I provide a theoretical model below: If we take 25,000 as the maximum move for our conceptualisation, we can use market cycles (wyckoff) to estimate that there will be a total of five stages. I provide a timeline below Stage 1: 30,000 → 55,000 Price will accumulate above the previous buyers' trap, creating a good base for the price to break through the previous high. Stage 2: 55,000 → 80,000 Price will break the previous level, and greed will settle in Stage 3: 80,000 → 60,000 Price will drop aggressively to complete the market cycle and fuel quick-exit selling and fear. Stage 4: 60,000 → 75,000 Price will begin a slow move upwards but will not break the Stage 3 highs. Stage 5: 75,000 → 100,000 Price will reach 100,000 and form another head and shoulder pattern. The left shoulder will tap 100k, and the head will induce greed. Be wary of the break of structure on the daily chart after this, and look to sell and add positions at the Stage 2 Accumulation area. Timeframe? Well, if we look at the last five price cycles, they average approximately 75 days. So if we assume that the average of the price cycles will stay roughly the same and assuming we have six price cycles, including the Potential Buyers trap, we get the math for five stages and adding the Buyers trap, we get 450 Days or 15 months. So, the price might hit 100k in March 2023. Trading Plan I believe that a dollar-cost averaging approach might yield more effective returns over the long term, we cannot be too sure that price will come down to zone 2, and thus you should still look to buy at both zones. However, the entries provided are, in my opinion, high probability, and you should either wait for Wyckoff schematic of a clear 2-3 wick rejection as seen in the previous accumulation and re-accumulation patterns. WOW, that was long! Did you find that interesting to read? What is your opinion? Let us make our predictions now and see if they come true in 2023! Colonel Panda Out.
OANDA:BTCUSDLong
by lakishnarayan
1
BTC/USD Bullrun Exit StrategySo far this bullrun is following the same/similar pattern as the previous (2013 and 2017). September has been a bearish month on all bullruns. But on the bright side, September has been the last stop before the 2nd wave of the bull cycle. There are so many price predictions on BTC but the key thing to notice is the RSI on the monthly chart. That's the best way we should plan our exit strategy and banking our profits in this bull cycle. In previous bull cycles, we hit the bear cycle after BTC hitting the 90 RSI twice and so far this bull cycle we hit only once. And 2nd wave towards 90 RSI happens after the September correction. So we could see a massive pump from here. But we need to keep an eye on the RSI to prepare the exit. Wait for the 2nd hit and take your profit. Look at the 2013 bull cycle is a mirror copy of this bull cycle and 2017 is very similar. This is not financial advice please DYOR and have a good bullrun
BITSTAMP:BTCUSD
by CryptoCafeClub
4
Bitcoin Analyze (Mirror ⚖️)!!!HI, JUST one question, How many Similarities do you see in my chart? If you answer true, I will send you Airdrops 😂 😎🧐😊 For more info, Please watch my previous post👉https://www.tradingview.com/chart/BTCUSDT/vcNphXFB-Bitcoin-Analyze-Descending-Channels-Gartley-Patterns/ Do not forget to put S top loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ ' like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
by pejman_zwin
20
Further to my thoughts on LINK.......... Before you read this post, please pull up the ETH chart at its inception. As I have posted before I like LINK and I like it even more when I compare it to the chart pattern of Ethereum (ETH) when it first came to the market. As we all know, markets move in cycles (up and down) and LINK's timing into the market cycle seems to be well placed. This asset will certainly be at the top of my list again moving into the 2021 cycle. Investors have had plenty of time to buy LINK at a low price during 2019, this is called the “Accumulation Phase” where you buy into an asset at a low price, and now as we move into somewhat of a Bull market the price and value of the investment increases. (See chart) In this chart, the Blue jagged line indicates the price and the brown, red and blue lines represent the 20. 40 and 100 day Moving Averages (MA) respectively. Note that all three MA (3) lines are moving in an upwards position. This gives you an indication of where the price may be moving. The light blue rectangular box shows the price span of the asset from Jan. 2019 to today and shows the value of a $1000 investment which I suggested, today at $20,643.40. Not bad for 22 months. I believe that LINK can quite possibly follow the same growth pattern of Ethereum (ETH) my 2nd largest position when it came to market. For example, ETH had the same “Accumulation Phase” over only 4 months from July to Oct 2017 and then proceeded to rise up 774 % in just two months during its early growth phase of 6 months. Once again, a 774% increase in 6 months beats keeping your money under your bed in a sock. *** Please go and pull up the ETH chart if you like. At best, we can only work with the information that the numbers provide and postulate from there. No one can see into the future and we can only see 100%, what has happened in the past. I have to tell you that this information is “NOT” financial advice of any kind, but merely an academic/theoretical exercise for friends to consider, rather than concocting some sort of vegetarian Zucchini meatloaf for Sunday dinner that would make your cat puke. I am holding LINK for at least 1-2 years to see where it goes. It's not a scalping or day trade position. Of course you have to monitor these things, especially the volatility of BTC in relation to LINK. Have a pleasant day. wmw Toronto, Canada Oct 28, 2020 2:47 am
Long
by WMWToronto
6
A Few Observations to Try and Help Explain the UniverseSPCFD:SPX An example of how mass psychology tends to follow the principles of complex symptoms. In this case, it seems that aggregated psychology exhibits self-similarity to the extent that these two charts look pretty damn similar to me, despite that their occurrences are orders of magnitude apart and are separated by a year's worth of human "progression." I have one interesting thought to add to the theory of human progress being measured on the basis of waves within a financial system. Perhaps it could be that we are at the same point of cumulative societal advancement as we were a year ago, but that we can achieve this level of progress at a much faster pace? This could be denoted by the fact that we are able to repeat a series of waves that get us to a certain relative (logarithmically-based) place "X" that required the daily timeframe in 2019. Suppose that's true. And also assume that the metaphysical assumptions underpinning waves and general harmonic structures are also true. Then that would mean that either we are: 1) 48 times more efficient than we were a year ago, or, 2) That once we come to "know" how to get to a certain point of progress, we can repeat the process 48 times as fast as when we were unfamiliar with said process. Applied to recent events, one could say that we made it pretty far since 2009 and that we have a very accurate idea of how to get to the previous height of societal advancement. Aside from the (possibly-too-abstracted) connection that I just mentioned about 2 random graphs having grandiose significance, I'll try to relate this in more real terms. Earlier this year, we were on the cusp of breakthrough technology that has the potential to advance society to a new level. Took us forever to get there and we slogged up an uphill slope for quite some time. Yet, we got there. Then this crisis occurred just before execution and we were sent back to a recent to the recent past, in terms of progress. What happened then? Took us ~1/48th the time to get to the same spot we were before implementing the technology. In other words, I'm saying that there might be a potential link between the physical and metaphysical within the medium of the stock market and that taking similar-looking graphs from different time periods is a tiny reflection of that theory. In any case, if you have any thoughts on the charts above, the broader concept itself, or any other related ideas, do not hesitate to comment. FYI, I am not stoned, just been quarantined for too long. - Perma P
CAPITALCOM:US500
by UnknownUnicorn5511258
2
EURUSD IS BACK?! Price has came back to the same level as previous chart that i have attached. Last week, price came to this level and bounced up with more than 120 pips. Followed by another 120 pips drop too. So there is an possiblitiy that price will bounce up again BUT there is also possiblity that it is an TRAP move to inicite buyers to jump in only to get stopped out. I will wait for the price to BREAK the support for the confirmation of a trap move. But then again, you will have seen exactly same thing for GBPUSD also. There are simiarlity to those pairs.
by UnknownUnicorn4090857
1
A Deja-Vu Move for BTC!It has been a long time since my last post here and today I have decided to share this BTC idea with all of you. Before you jump to conclusion, I will like to point out that these moves are not an ABC nor Elliot Wave. I just wanted to point out the BTC moves so far, and for me it looks something like : BTC in a mirror in slow mottion or like I mention in the tittle : BTC Deja-Vu !!! I can't wait to see how this is going to play out for BTC! Buy, Sell or Wait it's up to you and only you!! Stay safe and happy trading!
by trade-crypto4ever
9
BATBTC - Potential breakout?BATBTC - Potential breakout 17 March - 1 May Bullish market High volume Very strong uptrend to ~0.00005500 where it finds its resistance 2 May - 13 June Bearish market Prices stumble to ~0.00003000 - market finds support here again at 14 August 17 July The market barely touches ~0.000055000 again Bearish market again 12 September - 24 October Finally found support at ~0.00002140 Market turns bullish We hit a new high on October 24, the highest since the 7th of August. What's next? Definitely a good moment to enter the market Market is still leaning towards bullish Currently not a lot of volume, if we see an increase there could be a huge pump to ~0.00005000 Potential this week to hit ~0.00004421 and break out even further If not there's a possibility the market will drop to ~0.00003532 where we probably find support
BLong
by Fliptab
BTC IS DEAD SO WHY DID NO ONE SAY AMAZON IS DEAD?If you follow my previous chart on BTC I said I would produce a chart about a world leading tech company where we have seen a fall bigger than BTC has ever had and that is AMAZON. Amazon started its rise from 7 USD in 1998 and peaked at under 120 USD price zone after finishing a double top pattern it has dropped in 1999 to a under 7 USD value. For BTC we all had a pattern where we said it would do its next bottom at 6900-7000 USD and since we broke this trend everyone said BTC is DEAD but I have never heard or found anything saying Amazon is dead when it broke its trend and yes Amazon dropped to a value which was under its initial value before its bull run however AMAZON has its value over 1700 USD now which clearly shows that this was not a crash and AMAZON had the right development as an organization which lead to its today value and that is mainly because it was a great innovation towards e-commerce sector which we have today and there is the power of first comer in the market. So BTC is also a technology which is one of the greatest innovations in its technology over the past decade and BTC is at its phase where AMAZON was 1999-2000 and if Bitcoin team and the community develop the system in the right direction and more importantly adopting this system then the idea of BTC having a 200 000 or 400 000 or 1 000 000(John McAfee's bet) may not sound crazy at all and may actually be reasonable. This is not a trading idea this is just to show similarities that we can see in trading and yes the history repeating itself is not reasonable in financial trading but people's psychology of trading stays the same and technology always finds its value as its the most valuable asset in the digital era.
NASDAQ:AMZN
by farhadjafarov7