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W-TOP

HTF Analysis of the Bitcoin TopHTF Analysis of the Bitcoin Top We are currently experiencing a widening cylinder due to the capitulation of today (26/11/2021). -The current bottom would be 48-53K. -A third top would be put in the 87-89K zone. -Next correction is marked to bottom around 69K. -This bottom would signal the start of the blow-off top that reaches it high around 200K. -A failed retest of this top is expected around 175K. -Finally the bottom of the massive correction is 89K. In summary from the July bottom: 29K -> 53K -> 39K -> 69K -> 49K -> 89K -> 69K -> 200K -> 175K -> 89K
BITSTAMP:BTCUSDLong
by rifuxe
1
SNAP Broadening Formation BreakoutHere we see a right angle broadening formation, with the accumulation line on the bottom. What appears to be an island reversal pattern appeared in the daily chart, marked by the yellow rectangle, which is typical of congestion patterns like this. Broadening formations are typical of late stage bull markets and are accompanied by irregular volume throughout. A majority of broadening formations carry bearish implications, and a breakout occured today in SNAP, although not by the generally "safe" 3% margin. I would expect a throwback, but the pattern implies a -65% move to the downside to 17.5, although not necessarily soon.
NYSE:SNAPShort
by BarnardR
2
Broadening TopWhat Is a Broadening Formation? A broadening formation is a price chart pattern identified by technical analysts. It is characterized by increasing price volatility and diagrammed as two diverging trend lines, one rising and one falling. It usually occurs after a significant rise, or fall, in the action of security prices. It is identified on a chart by a series of higher pivot highs and lower pivot lows. Understanding Broadening Formations Broadening formations occur when a market is experiencing heightened disagreement among investors over the appropriate price of a security over a short period of time. Buyers become increasingly willing to buy at higher prices, while sellers find ever more motivation to take profits. This creates a series of higher interim peaks in price and lower interim lows. When connecting these highs and lows, the trend lines form a widening pattern that looks like a megaphone or reverse symmetrical triangle. The price may reflect the random disagreement between investors, or it may reflect a more fundamental factor. For example, many countries experience broadening formations due to heightened political risk ahead of an upcoming election. Different polling results or candidate policies may cause a market to become very bullish at some points and very bearish at other points. Broadening Tops: Important Bull Market Results Overall performance rank for up/down breakouts (1 is best): 22 out of 39/28 out of 36 Break even failure rate for up/down breakouts: 18%/27% Average rise/decline for up/down breakouts: 42%/13% Throwback/pullback rate: 67%/67% Percentage meeting price target for up/down breakouts: 66%/42% The above numbers are based on 1,215 samples for upward breakouts and 804 for downward breakouts.
Long
by Crypt0_Ninja
1
Blow off top 4th - 14th December Takeaways: 234 days from first high to last high in 2013, will put us at 4th of December. 147 days from mid-summer dip reversal would but us at 14th of December. Another interesting fact is that the average of both previous cycle hit of 2.272 (close to ATH) is 4th of December (2013 28 Nov/2017 12 Dec) Also, new moons are a very reliant top indicator (often 2-3 days within tops) ALL of the three cycles had new moons at or days within the blow-off tops.
BNC:BLXLong
by Morteno
A clear path for Bitcoin - Extending Cycles.Bitcoin is programmed math - therefore i believe trends are easier to recognize and distinguish (especially when cross referencing on-chain analytics). Here's the LONG story short: I measured the amount of days from the halving to the cycle top, which gave me an ~33% increase. I then added the 33% to the 2017 cycle which equals ~707 days. This puts Bitcoin's market cycle top for 2022 around April 18th. The Red Box indicates the general area in which I believe Bitcoin can top out in (Jan 22 - July 22). $250k is possible but to early to tell - on-chain gives more accurate top indications as the time nears. As for the 350k and 500k are the price predictions from other analysis of those who I will not name. That being said, $100k-$150k are also possible tops. How quick price accelerates nearing the end of the cycle will indicate just where we may top out in the cycle. Currently, we're experienced a mid-cycle top at $64K - this is where i believe the floor will be during the bear market that supersedes the Blow Off Top this cycle. The end! let me know what you think x
BITSTAMP:BTCUSDLong
by internetjoey
Bitcoin to Retest Support Before Topping Around 76K This CycleBitcoin to Retest Support Between 66,000-65,800 Before it’s last 5 impulse waves upwards. Topping around 72,000-78,000 This Cycle, with 74,500-76,500 being the most likely top target. This will usher in an altseason into at least a 0.702 retrace, leading into another bear market for crypto. Bitcoin will then confirm prior support at liquid zones including 10,000, 3500, & 1200. 10,000 retest for support confirmation extremely likely. 1200 hard to believe but very possible. Analysis and Prediction based on multiple fibs, Elliot wave counts, harmonic patterns etc.
BITSTAMP:BTCUSD
by kodyg4
7
ATH in December followed by market crash.Hello everyone! I am back with my new analysis on BTC and the market. My analysis is pointing me towards a new ATH for crypto in December or early Q1 of 2022. The price range to look out for is 120k-180k-220k. Dates & patterns will help determine the exact top. Specifically, I am looking to short and sell all my crypto around Dec 14th-Jan 14th where BTC will have reached its peak price. Markets are always changing and if anything new comes up I will update my analysis. Once BTC has reached its top it will be the beginning of a global market crash. We are already seeing massive inflation world wide with no correction in sight. Banks are hoarding cash as of now because they perceive costs to be to high to invest. Stay tuned...
BITFINEX:BTCUSDLong
by BitcoinOasis
1