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Tothemoon

This is it folks!It might have been a down day today but it looks like for the time being we are coming out of this falling wedge pattern. If you look at the chart, I have a line drawn at 0.00004116. I drew that line on the 19th or 20th to mark the 50% correction in the over all run up since the end of September. You will also see I have a rather crudely drawn arrow that is bouncing off of that line which I was predicting it to bounce off that 50% correction mark and what do you know it did for the most part. So if we use the falling wedge to try and predict where we are going entry should be around 0.0000545 and our target should be around .00010 . you will also notice that there is a trend line on the run up and marks at the 0.00010 mark and one at the 0.00012 mark these were my predictions as well (Which by the way were laughed at). So in conclusion (I could talk all day about this) textbook falling wedge could drop further down before popping but this is my TA of SHIB. Also this is the Day chart so I'm predicting a nice slow burn(I'd love a huge pop but with big pump comes big dump). Oh Ignore the green horizontal lines they are my 1x points so for those of you who can count up around 4x, the horizontal red line is where I took some profits on the way up. If you made it this far in my write up thank you for entertaining me and my rant. Let me know what you think. And obviously SHIB TO THE MOON!!!
FTX:SHIBUSDLong
by wolfwood2186
1
BITCOIN TO 92k OR BTC to 39k??Hey all Gamblers Paradise here with another crucial update on the Bitcoin Price Action. Just wanted to remind you to please like and comment on this post if you have found use for it in your trading analysis and be sure to also Like & Follow my Trading View account to get these updates as soon as they come out! So what where in the hell is Bitcoin headed? Up? Down? Who knows? As a smart trader, you would be looking at these charts and have a plan of action for price action that is breaking to the upside; you would have a plan of action for price action to the downside. Why? Cause as a smart trader you know you have to evaluate risk:reward and place your positions accordingly. You see where I'm going with this... As a SMART TRADER , we look at logical and rational outcomes that are supported by data so if the price goes up, we're making money. If the price goes down, we're making money! We don't trade with an emotion and only have a bias when its being supported with confirmations within the chart that support that outcome. What if I was to tell you that Bitcoin had some of the most important candles in its history come within the last 3 days? What If I told you that there is confirmation in the charts that show Bitcoin is going to at least $92k through the coming weeks? What if I told you that this breakout is the last movement before we make another parabolic move toward the upside as we did earlier in 2021? What If I told you we could be heading for lower ground around the $39k price point because market makers are going to force it lower?? I'll tell you this, Either can happen here in the coming days. Take a look at what is going on in the chart right now! First to mention is that on Saturday we got our pump up to the top of the Falling Wedge pattern. On Sunday we broke above the resistance trend line for the topside of the wedge. I didn't post about it on Sunday because Being that it was the weekend and weekend pumps in crypto are never really a for sure move since institutional companies aren't trading on the weekends since traditional markets are closed these days. Monday was the deciding factor day of is we were going to see another crypto weekend fake out and possibly be brought down back into the falling wedge or worse breaking below the falling wedge that we just had broken out. Hence why Mondays candle was red. Mondays candle also was a very big confirmation factor in the analysis of bitcoin having the upside edge right now because we have now held above a bullish continuation pattern. Whether you are looking at the falling wedges, which i mentioned in my last analysis, where we are on our 3rd Falling wedge and each time, so far in the latter half of 2021, we have broken above the falling wedge pattern we have pumped to the upside by an average of 77%. First time was just over 80% pump from $29.5k to $53.8k. Second time was a 74% pump from $39.6k to $69.3k. The third time, due to the rule of diminishing returns, the third pump would be expected to lower by 3-6%, which would project a pump around 66-69% upward. Putting us right at the $92k price point and up agains a tend line resistance. Bitcoin is also about ready to do what i like to call "Snapping the Bears Backs". This trend i found using the custom indicator that I have put together at the bottom, comes from the light blue line. You see how this blue line moves with the price. It is showing the price level and then the other two parts are related to the volume that is supporting that price level. Similar to the VPVR indicator, but its is not just for horizontal flats of support. And moves more with real time price acton. To show you what i mean by snapping the bears backs: This was back from 2019 and 2020, where we had bottomed at $3100 and then rallied up to $14k and then back down into a bump and run bullish reversal and then recovering. you see how the blue line in the indicator looks much like it does right now form the chart above? Watch what happens when we would slide the chart over some. until we can see the top of the the trend. See how that blue line starts shifting downwards, as the price level rises. Each time macro resistance is broken, and you see this blue line moving down on the indicator, means another macro resistance was broken. Eventually causing this line to flatten out as the price moves parabolic. You can also see exactly where the volume drops off a cliff and all whales and market makers had stopped the pump, and then after that drop in volume is all FOMO. Then when the price corrects after a parabolic run. The blue line will correct with volume supporting its move down until volume drops off. [image [https://www.tradingview.com/x/47g3iI8c/ A closer view of the current blue line: We are looking like we are setup to snap above the blue line and see the price explode toward the upside and it all starts with snapping the bears backs. If we dont get the volume support we need to do this, it could be lower price targets for bitcoin again, at the $39k region being the lowest we would want to see it go with a support zone between $46k-$48k.
INDEX:BTCUSDLong
by Gamblers_Paradise
Bitcoin on % percent, or when to expect TOP?Hello, on the basis of Pitchfork, Fibonacci rises, upper trend line, parabolas and, as in the title of the percentage calculations, I have determined the Top of this cycle and the future bottom of the bear market. I invite you to read a short reading: 1. Pitchfork sets levels to which Bitcoin's price regularly responds: -The bottom green line is a critical support to the bottom of the bear market for Bitcoin. -The bottom yellow is an indicator of the bottom of the bear market. - The middle, or purple, for Bitcoin is both support during a bull market, otherwise known as a mid-cycle correction, and a resistance during a bear market. - Top yellow, triggers over 500% increases when Bitcoin breaks out of it, usually a second breakthrough turns out to be successful. - The upper green, in its vicinity, the price of Bitcoin enters the last deeper correction, followed by the last run up. - The upper red one is used to draw an effective parabola, i.e. 15 weekly bars, from the ATH cycle. 2. Fibonacci rises, measured from the ATH of the previous cycle to the bottom of the bear market, are consistent with Pitchfork, the most important observations are: - 1.618 and 2.618 are support for the mid-cycle correction. - 4.236 - this is the last resistance for the bullish rally up. - 6,854 - at this level the price may pass the last or penultimate correction before the ATH cycle. - 17.94, 29.03, 46.97 - at these levels we can expect TOP. - The ATH of the cycle should be near the intersection of the fibo level with the upper line of the uptrend for the Bitcoin price (dashed purple) 3. Percentage calculations of% based on the hypothesis that one full cycle is counted from the bottom of the bear market and not from the halving: - The 2011-2013 cycle ran for 106 weekly bars (the correction of this cycle lasted 59 weekly bars) In this cycle, after breaking the top yellow line of Pitchfork, we got a 520% ​​increase and we had a correction of 86%. - The 2015-2017 cycle lasted 152 weekly bars (the correction of this cycle lasted 52 weekly bars) In this cycle, after breaking the top yellow Pitchfork line, we got an increase of 540% and a correction of 84%. The conclusions are as follows: - the next cycle is 30% longer than the preceding cycle - the increase after breaking the top yellow line of Pitchfork is 20% greater than the previous one - the cycle correction is 2% smaller than the previous one Using these calculations, we find that: - ATH of the 2018-2022 cycle? we will get after the price goes through 198 weekly bars, that is in the last week of September or the first week of October 2k22, worth around 520k USD. - the cycle correction should last 46 weekly bars and would end in mid-August 2k23, with the bottom of the bear market at around 90k USD. Now I will add more than myself that the breakout above Pitchfork's yellow line, around 78k USD, would have to happen in mid-January 2k22 at the earliest, to maintain a constant% growth. If it comes sooner, and I am a supporter of the S2F model from Plan B, which points to a minimum of $ 100k by the end of the year, then I believe the% increase will be the same, but the ATH cycle date will come closer. Thank you for your time for reading my idea and I wish everyone survive on this trip to the moon: D
INDEX:BTCUSD
by xSpArtAx_
2
XRP UpdateXRP the target for C. Normally this finishes out wave 2. Instead we've just been doing this bouncing around. Note: The bouncing is normal to see in a wave 2. I still think it's up for our wave 3 targets anytime...I think it's BTC holding us back for the moment though. Options expire the end of the month. It's typical to see bullish trends in the beginning of each month followed by bearish trends on the back half. If you look at some of my other charts you will see a lot of tokens are stuck in this w2 triangle. With a new month coming, it will be interesting to see what happens in December.
Long
by tsbirch1
Full moons and lower lows towards new moon BTCDoes bitcoin like to set a new low after full moons? Rarely, and if it does it's usually after a big uptrend as you can see here on the chart. Last 13 moon cycles 10 no new lows. 3 new lows (but as mentioned, after an uptrend in ALL cases) 3 days before or 3 days after the full moon is defined as full moon low, If I had used 4 days two of the "new lows" would not have been new lows. Then the result would have been: No new lows = 12 New low = 1 To conclude, from this data the likelihood we set a new low from the 19 November full moon bottom gets more promising the more days we are above it. It's now the 22nd of November and BTC is trading only about 1K from the low. It's three days ago the full moon, if we get a daily close above the low it should be more promising that we don't get a lower low based on this data as we're then 4 days past the full moon. Where only 1 new low was set out of moon cycles.
BINANCE:BTCUSDLong
by Morteno