TOP
BTC pain is next Alright, listen up, folks. I know things might seem rocky right now in the world of BTC, but let me tell you something – this is not the time to panic. Sure, there might be a correction looming on the horizon, but that doesn't mean it's the end of the world. In fact, it's far from it.
Think about it. The big boys, the whales, they've been in this game for a while. They know how to navigate these waters, and they're already sitting pretty with their profits, probably even leveraging their positions. But what about us? Are we going to let fear dictate our actions?
No way. This is our time to shine. This is our opportunity to show resilience, to show strength, to show that we're not going to be shaken by a little turbulence in the market. Remember why you got into this game in the first place. Remember the potential, the excitement, the thrill of being part of something revolutionary.
So, I urge you, don't succumb to panic selling. Don't let fear cloud your judgment. Instead, stay calm, stay focused, and stay determined. This is just a bump in the road, a test of our resolve. And I have no doubt that we will come out of this stronger than ever before.
Believe in yourselves, believe in the power of BTC, and together, we will weather this storm and emerge victorious. Let's show the world what we're made of. Let's hodl strong!
Market is growing reminiscent of Autumn 2021A few weeks ago, we noted that the mania in the cryptocurrency market seemed to reach levels coinciding with the summer of 2021. Nevertheless, as Bitcoin’s price increases, the narrative about the “complacent plateau” and the never-ending rally grows stronger as well, making the current time reminiscent of late 2021. As a result of the massive rally, investors in stocks and crypto alike seem to have become numb to potential risks markets face in 2024. It is becoming increasingly apparent that there will be no six rate cuts this year with the accelerating inflation in the United States. The FED will have to keep monetary conditions tight for somewhat longer than many investors have initially anticipated (or until something breaks). By doing so, the FED will further slow down the economy and increase the chances of an economic accident (especially as the lagging effects of previous hikes do not seem to show up yet on the surface). Since such an accident would negatively affect the stock market’s performance, it would also negatively affect Bitcoin and other cryptocurrencies (considering the strong positive correlation between the two). Bitcoin continues to behave much like a risk asset, which only increases the odds of a significant decline in the case of a general stock market selloff. With that said, we are growing increasingly nervous about the overall situation in the market and think that Bitcoin might be approaching a top before a major trend reversal.
Illustration 1.01
Illustration 1.01 portrays daily and weekly graphs of BTCUSD. Yellow arrows show slight similarities in the price structures between these two charts (of course, similarities are subjective and debatable).
Technical analysis gauge
Daily time frame = Bullish
Weekly time frame = Bullish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of multiple indicators.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
GBP/JPY ↘️ Short Trade setup ↘️Hello Everyone 🙋🏽♂️
Double Top
💲 Entry Point : 185.955
✔️ Tp 185.345
🔴 SL 186.203
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Bitcoin's next cycle top REVEALEDAs you can see from the chart, if you measure how many days before a halving, did the cycle low occur.
For ex, in November 2012's halving, ~373 days before btc found a cycle low, projected into the future, ~373 days after the halving, a cycle top is in.
Same thing with 2016's halving.
Cycle low ~540 days before the halving, projected into the future ~540 days after the halving, we have a cycle top ($20k).
Yet again, with 2020's halving, btc found a low around 513 days before the halving, projected into the future, it took 513 days for a cycle top to be in.
Now in 2024's halving. Btc found a cycle low ~525 days before the 2024 halving ($15k)..Projected into the future ~525 days after the halving we should get a cycle top in Sept 2025.
Will history repeat itself yet again?Check back with this chart in 2025 :)
Good luck
Far Side of the MoonTarget 4800 nearly there in AH trade.
Looking back, a long EW for 1k pips from 3800 is apparent.
Summer rally was 3rd wave, this is the 5th.
On this chart, target the Dark Side of the Moon.
Wish you were here!
All bets off after that.
Close your longs soon folks. Then get out your Floyd vinyls and do the timewarp again.
Triple Witching Friday, RSI madly overbought, ATH.
Gonna get choppy. Might get a visit from the Grinch.
Do not expect a massive dump right away. Tops will chop and grind, pump-dump-pump-dump. it will not be a single point, rather a plateau. Good time to take a break from the madness.
Correction in the New Year. Then we shall see. Happy Holidays!
SOL/USD ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽♂️
Double Top Trade
🟠 EP 65.65
🔴 SL 68.48
🟢 TP1 62.71 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 59.91 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 57.12 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Exploring Fibonacci Magic Levels in Bitcoin 💹📈After delving into technical analysis in Bitcoin, " Fibonacci Magic Levels " were created. 📉🔬
It is based on the continuity of various Fibonacci levels, ranging from a smaller scale to well-known levels.
By precisely calibrating various Fibonacci retracement and extension levels in our Fibonacci Channel, we have identified highly relevant patterns in Bitcoin price behavior. 📊✨
These "magical levels" seem to strongly influence support and resistance areas, contributing to strategic trading and investment decisions. 📈📉
US 10 Year Treasury Bonds - TOP Call Coming! (For now) $TNXWhat Major Event will occur to force thirst for US and G20 Treasury Bonds? It's happening soon. I wish I had a crystal ball to say what will cause it, but it'll happen. We're almost there IMO 5.19-5.25% topline target - then I hope in whatever this Market or world event will force yields to go back down to 3.19-3.25% Before eventually continuing back up in the next major World event to create Inflation AKA Wave 2 Inflation
VRA IS THIS THE COIN THAT WILL HIT 1500% to $0,10 2023
Thank you for reading our update. Please bear in mind that this does not constitute trading advice.
VRA is in a place that can become a historical bottom.
Is VRA one of the dormant giants that could bolster the market capitalization in the near future? Can this coin with its maximum supply be the one to demonstrate a 1500% increase in 2023... but what is the rationale behind this potential surge?
We understand that there are no guarantees in the volatile world of trading. We always assess various possibilities, as accurately predicting the right percentage is a challenging endeavor.
The reason for choosing this coin .. The interest of exchanges follows in data
And second the wallet development shares. The max supply and the technical view.
Further high possibilities with the market cap of now.
🔥 My BEST-CASE Scenario For Bitcoin's 2025 TopOver the last two bull-runs, Bitcoin has been trading in a relatively predictable pattern. In this analysis I want to take a closer look at this pattern and discuss my BEST-CASE scenario for the next bull-run.
* BTC has been trading within the bullish channel Since July 2017 (more than 6 years). Every time the support was touched it produced a local low, every time the resistance was touched it produced a local top.
* Bitcoin topped (green) between 74 and 78 weeks after the halving (yellow) took place.
Knowing this, we can predict the next Bitcoin top with relative certainty. Naturally, assuming that this pattern will continue to hold.
* The next BTC top will be somewhere between 15 Sept 2025 and 13 Oct 2025, 74 and 78 weeks after the next halving.
* The next BTC top will touch the top resistance of the channel somewhere between 300,000 and 320,000.
An argument can be made that Bitcoin is experiencing diminishing returns over the years, invalidating this analysis. However, the move from (roughly) 3k > 69k is bigger than the move from 15.5k > 320k. The returns are not diminishing as fast as before, but it's still diminished.
Personally, I don't think this outcome is likely. Market conditions have deteriorated significantly with rising interest rates and inflation. Hence I call this my "best-case" scenario. I'd be surprised if the next bull-run will bring us above 150k, but time will tell.
Where and when do you think Bitcoin will top? Share your analyses below.🙏
AMAZON - 3 year old trendline broken?! See it on the chartHello, traders, investors and community! Today i am taking a sharp look on the retail-giant AMAZON and what we can expect in the next weeks and months! So lets start, looking on the weekly chart of AMAZON you can see this long trendline which begun january 2015 and ended october 2018 with a sharp decline in price, you can see it on my chart. It is marked with the two blue trendlines , one is straight and the other one is striped.
So what does AMAZON do now?! We have a huge resistance above us at the 2000 - 2050 level which you can see in striped red trendline in the chart. This is a critical zone for AMAZON because when we get rejected there, the possibility for an double top gets nearer. You can also see this huge red selling volume at the break-out of that important trend-line signaling a shift in price action and heavy selling volume . If the highly possible scenario that we get rejected a second time at the 2000 - 2050 level kicks in a double top will form with targets at 830 - 840, you can see it on the chart with price projection.
Also the RSI sets some bearish tone for the overall outcome, you can see in my chart that it touched the overbought area several times the last years without coming back. Now RSI struggles to make new highs in the overbought are and is consolidating in the middle range, a possible scenario is here when we see new decline in the price that RSI also falls back out of the channel which you see in the chart.
The overall tone is bearish despite that AMAZON makes some bull-moves the last time. Normally you see this on a top before other declines happen. The fact that this major trendline which held for 3.75 years is broken makes the big picture for AMAZON look ugly.
But, however, as traders we can also make money with falling prices. But this andvantage should not be taken for granted, it should be done smart and with the right look for market conditions!
I hope you enjoyed this analysis on AMAZON! See you.
Information provided is only educational and should not be used to take action in the markets.
Thank you.
HINDUNILVER | Time to slow down??The Chart is pretty Self-Explanatory.
1. Since March 2022, the price climbed almost 42% to make an all-time high.
2. It then consolidates for 200+ days, to form a double-top pattern.
3. Recently, with 4 parabolic red candles it broke the zone.
4. We should see some pullback if it has to resume its retest and continuation
What do you think??
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DISCLAIMER: WE ARE NOT ADVISORS. WE ARE NOT REGISTERED. THE IDEAS ARE MERELY PERSONAL OPINIONS. PLEASE CONSULT YOUR FINANCIAL ADVISORS BEFORE INVESTING. WE LIKE EVERYBODY ELSE HAVE THE RIGHT TO BE WRONG :)
BTC price possibilities to halving.BTC price targets and trends until halving.
1 of 3 ways with a max top indicated by the light blue.
Low - 17000 to 19800
Mid - hovering 29000 to 32000
High - 38000 to 42000
Possible top - 62000 +/- 5000
Could possibly get stuck in the 51000 to 60000 range as well.
Very possible to see a retest of this breakout to the 25000 zones.
Key supports if things turn down are - 29000 to 26000 / 25000 to 22000 /19000 to 17000
Next Bitcoin bull run top - 2025Based on data from previous Bitcoin cycles, it is possible to make an educated guess based on the trend curves and previous cycle time stamps of when the bull run will conclude and how high we can expect to go. Given the fact that crypto marked has matured over the years it is wise to assume that the next top and next bottom will not be as extreme as with the previous cycles. The prediction is that the next top will be around 120k USD on 2025 September and the bottom will be around 28k USD on September 2026.
VIX/VVIX Divergence before large drawdownsJust happened to be playing with a few things on tradingview today, thinking of new ways to identify trade opportunities. I often have to keep reminding myself to zoom out to see the bigger picture. This is one of those instances where I might have stumbled upon something useful for very long term trade trends.
As many know, VIX is an extremely useful indicator of market sentiment, it also signifies part of what makes up extrinsic value of options contracts. On the longer term time frame, you can see in a bull market volatility slowly compressing lower and lower. Lower highs, lower lows. Eventually, that trend starts to reverse as more and more large players maybe begin to take profits and go short, and more options hedging happen towards the downside.
VVIX is a further still derivative of that. It's the measure of volatility of volatility. What I did today was take VIX and divide it by VVIX and see what pattern emerged. At a glance, it's not far off VIX by itself, but, I did notice that weeks or even a couple months before a large market downmove, it gives a little more advance warning that a big sell off was imminent. A solid warning is the lowest low followed by two higher lows, as seen here:
If I instead plot VIX by itself, you see a double, maybe triple bottom at near enough the same low before you get a higher low. In the case of the second half of 2018, there actually wasn't an advanced warning at all:
But, what VIX by itself does show, that VIX/VVIX did not, is a lower high when the market found bottom in October/November 2022. VIX showed a lower high, VIX/VVIX shows the highest high at that point. So, always worth glancing at both on a long term chart if you're looking for very long term bets on the market and trying what normally is considered a fool's errand to call the tops and bottoms of every bear and bull cycle.
It might still be a fool's errand, but maybe this helps some of us get a little closer to being able to pull that off.
With that being said, we have just set a new low in both VIX and VIX/VVIX for the year, even though we just had a down week (6/20-23/2023), I'm not convinced we stay down for long until maybe I see such a pattern appear again with higher lows appearing in VIX/VVIX.
BTC 30m forming Double Top on VPVR POC and Trend WavesDouble Top is a bearish formation. In this case, it's being formed on the Point Of Control (POC) as a neckline, the strongest support/resistance on Volume Profile Visible Range (VPVR), which shows what price bulls and bears fought the most.
If this formation breaks the neckline, the potential target price is exactly 26000.
We can predict the potential target by measuring the higher Top to the neckline and transferring it below it. As you can see, a gap in VPVR will enable this price drop if the neckline breaks down.
We also have a double top on the waves at the bottom to support this formation, meaning the trend waves, strength, and candles tell the same story.
Keep in mind low volume and possible manipulation in every decision you make in the low-volume market.