It's only a suggestion.
You have to be prepared for any situation. Especially in September, October which are bearish months for stocks markets
BLX trade ideas
BITCOIN - THE OPPORTUNITY - PT. IVI am still looking at this as an inverse HS and only concerned with this current elliot wave cycle. IF we hold that inverse HS neckline, that validates a wave 1-2 of a larger degree and has the potential to make this a very aggressive wave 5 with some very bullish potential. It may likely take a long @$$ time though.
BITCOIN- THE OPPORTUNITY - PT. IIII am starting to get the impression that we might end up holding on to this macro golden pocket which is a reverse fib of the entire elliot wave. If you consider the nature of elliot wave theory...the implications for this are so massive i cant even comprehend it.
I have begun to dip back into some spot, had 2 orders fill over the past few months around 24,869. I plan on buying in 10% incriments all the way down to 14k.
Bitcoin 365D SMA and 600D SMA InteractionsWhite Line = 365 SMA
Green Line = 600 SMA
Asset = Bitcoin
Patterns observable in this chart:
1. When the Bitcoin Halving occurs, the 365 SMA is already above the 600.
2. The Golden Cross of 365 and 600 occurs earlier than previous cycle.
- In the 2nd Halving, 80+ bars
- In the 3rd Halving, 160+ bars
- In the 4th Halving, "probably" 200+ bars
3. That the Death Cross takes 350 days in average.
First time the 50 week MA has moved below the 200This is Bitcoin's first crossing of the 50 week Moving Average below the 200 week Moving Average, during its history.
The last time we came close was just prior to the 2016-17 bull run. The difference then is that it never moved below.
Could this act as a catalyst to recover back above the 200 week MA, and become bullish, or is this signs an extended bear market may be in store?
Bitcoin:Monthly chart ViewHi guys.
Hope you have had perfect trades.
In this idea i will share you some TA perspectives about
Bitcoin Longterm reactions according to historical datas.
As you can see each time the price reached the MA50 , made a
trough below it and then come back above.
Now we can se in Monthly chart that after price shaped
a Bottom under MA50 , it tries to come back above with a
Bullish Engulfing pattern.
after that we surpass MA50 with another white candle and now ,
Unfortunately we have some frauds in market.
(China Evergrande Group bankruptcy and Tesla sold
millions of BTC).
So in my opinion after a few weeks , Bitcoin start to continue
its smoothed run and go towards 36000.
its the level we will see at the end of 2023.
after that...
Lets see what will happen and dont predict far futures :)
If you like my opinion please tell me yours in comment.
Thank you all my friends
Bitcoin forecast/projectionSee how price ping pongs between the key parabolic lines, blue arrow gives an estimate of potential direction. 21.5k for secondary low then onwards and upwards. Consider a break of the green parabola curve as potential sell.
#BITCOIN's 3 Year Moving Average = FIRM CEILINGWE SHOULD HAVE BROKEN above this 3 year average by now
and been using it as support to provide a launchpad into next year's having.
INSTEAD it has firmly been capping prices during these last few months when historicallym it would have been penetrated by now.
Quite concerning for those who are still heavily in #Altcoins
Rearranging Deck Chairs on the Crypto-TitanicThere is tension in the markets, and it doesn't look good. Powell is raising rates to tame inflation and it's working just enough to piss everyone off. Bitcoin--similar to housing--is overvalued. This is evidenced by the number of scammers and tiktokers running get rich quick schemes. Real Estate Agents included.
This time is different, but not the way you thought.
And war. War never changes.
history sure is repeating for bitcoin2018 correction the same as 2022 correction
2019 pump same as 2023 pump
will the dump model match too?
credit to murfski and andy bitcoinsensus for this one
Important price level for Bitcoin to go into Bull markt?32K seems an important support and resistance level from TA perspective in order to go in parabolic modus. Aka bull market. Aka freedom.
Thoughts?
Bitcoin (Gann Fan Update)Its a very important time for Bitcoin in my opinion , within the next 8-10days we will get a large move above or below the 1/1 Gann , for weeks now we have been holding just under it.
Here is a zoomed in view on the daily.
As you can see we reach this apex 24th of August 2023 , of course its also possible we trickle sideways above the 1/1 but historically breaking the 1/1 on Bitcoin during this part of the cycle we get some type of action.
2015
If we go back and take a look on how price reacted to the 1/1 we can see a lot of violent swings ranging from 25-40%.
2019
This year was had way more reactions to the 1/1 and almost everytime it resulted in fairly large swings , this time ranging 45-60%.
2023
So for this year we have touched 1/1 once and it was the local high of the year , candle closed right on it.
2/1 Gann and Time
The bull market doesn't start until we break and hold support the 2/1 , the last two cycles it has taken about the same time 640days .
So if it repeats Bitcoin would be somewhere around 36500 during this period.
We also know it takes about 750 days from cycle low to reach previous cycle high.
So that would be Bitcoin back at 69k sometime in December 2024.
Conclusion
If the cycle repeats the Bull market will start sometime August 2024 at 36500 and Bitcoin will reach previous cycle high at 69k December 2024 which would then make a new cycle high October 2025.
BTC Accumulation ZoneAs we see in the Long term every circle BTC have the :
Accumulation Zones
Distribution Zones
And Bear Zones
There is no reason for Panic you are already know that we arent in Alt Season.
Better to name it BTC Season right now.
So keep Calm and accumulate as much as you can
BTC/USD - Jessie Livermore's ChartHey everyone, long time no see! I hope you're all doing well.
I was looking at some charts recently and I was struck by how similar the BTC chart is to Jessie Livermore's chart.
The BTC chart shows a similar pattern to Livermore's chart. There are periods of rapid growth followed by periods of consolidation. This is a classic pattern for a market that is in a bull trend.
I'm not saying that BTC is going to follow the same path as Livermore's chart. But the similarities are certainly worth noting. It's possible that BTC is in the early stages of a major bull market.
I'll keep you updated on my thoughts as the market develops.
In the meantime, stay safe and trade carefully!
Bitcoin Multiple Bullish TargetsThis is a follow up to my previous PnF chart targets with an added pattern that being a "Descending Broadening Wedge"!
Bullmarket Support Band flips BullishThe Bullmarket Support Band has historically acted as a support level for Bitcoin prices during bull markets.
It is a simple long TF indicator and price tends to retrace towards it. For example, during the 2017 bull run, Bitcoin had several 30-40% corrections to the support band.
WHY THIS MATTERS:
The band just "flipped bull" on the monthly timeframe after a long bear trend since February 2022.
On the weekly we had a perfect touch off the support band with a nice reaction to the upside.
Most importantly we had our first monthly close above the Support band since April 2022.
Last time this occured was October 2019 7 months prior to the May 2020 halvening and imo 1 year before the real bullmarket started in October 2020.
Now we are 8 months away from the predicted April 2024 Halvening.
After October 2019 the support band was pretty much respected with minor dips, other than the Black Swan of the Covid Crash.
History rhymes, you cannot trade solely of this indicator but it certainly tingles my BULL NUTS.
As for the Price I think the big boys wanna see more fomo longs and for that we will need to reach 33-35K and imo 40k is not out of the question.
Once that is achieved a Black Swan could be looming, who knows what. At this point we all know its a game, just make sure to know the rules and play along.
NOTE: The band is created by plotting the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA) on a weekly chart.
New Halving Analysistelling my friend how this halving gonna effect the btc price , but beware ; banks are entering !
Bitcoin bull market (pre-halving)Hi everyone,
When Pi Cycle bottom, which is a free indicator, cross up with 1 week candle and holdl support, there are great chances that the bottom is in.
As long as, red line hodl support we can see further upside price action. Even in 2019, when the price was rising for short time, red line showed danger as soon as the 1 week candle broke down and confirmed.
This cycle looks like 2015 cycle more than 2019 so $27.7k will be one important level to watch for next weeks.
Cheers!
Cleanest BTC chart EVERSuper clean BTC chart using only 2 indicators.
Accurately pinpoints tops and bottoms using the candle open (leading indicator).
Please see my previous post to see all the details:
BEST and EASIEST btc chart you will ever seeSelf explanatory... buy my indicator lol
In all seriousness though, I made an indicator that is fully customizable and can print however you want. As seen, this shows BTC has had its bottom.
Also I want to point out another simple yet major thing: BTC bottoms roughly 12 months after each market top. Using that knowledge combined with the forecasted lows via the indicator, you have roughly 2+ months to schedule an exact entry point.
And another one: Each cycle (top to top) is roughly 48 months.
Using the above info, you'd be invested 36 months on and 12 months off (Roughly)
Ex) You could schedule a buy for the candle 10 months after a BTC high to what the indicator tells you. If it hits, great. If it doesnt, do the same when the 6th candle (12th months after BTC high) prints. Rinse and repeat. This way you can do whatever you please with your successful investment 10+ months after the sell out date worry free of missing the next buy opportunity. You can also schedule your sells according to the indicator.
CLEAN VERSION:
Bitcoin's 4-Year Market Cycle TimingThis is just a fun chart to highlight the timing of the last two market cycles mainly.
When comparing the timing from one bottom to the next (which I consider a market cycle) you can see how close the last two cycles have been.
Also, when you compare the timing between the different events - Bottom to Halving - Halving to Peak - and Peak to Bottom, the timing is also very close there as well.
So far, it looks like the timing between the low set on November 21, 2022, and the next halving, which is estimated to take place sometime in mid-April, will again be very close to the last two cycles. We'll have to see if the timing of the rest of the market cycle is also close to the past two cycles.
Whether it plays out that way or not, it should be an amazing ride!
*Not financial advice*
Although the bottom was set back on November 21, 2022, and BTC has now pretty much doubled in price, there is still plenty of time to DCA into a nice BTC position for the next bull market. Many altcoins are still close to their bottoms, so anyone wanting to build altcoin positions also has plenty of time to DCA.
BTC Cycle Review: know when to hold 'em & when to fold 'emReviewing the time around the halving that produces profitable trending signals.
From the chart 1 yr and 2 months before the halving and 1 year 5 months after the halving produces profitable signals
consider pre halving to be spring
consider post halving to be summer
consider the red X between the two to be winter and unprofitable to take signals.
Posting this up as reference into the next cycle. interested to see how this plays out.
