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BTC Bullish - HTF Ascending ChannelCRYPTOCAP:BTC IMO, most likely scenario for #BTC Am not seeing this discussed by anyone I follow, but we are in a HTF (5+ years) Ascending Channel. Target ~$250k in 2024-2025. In the end, it will all look so obvious. Don't get distracted by the LTF's. Eyes on the Prize. #Bitcoin Check out bitcoin's price history, it loves bouncing in HTF ascending channels. One that particularly comes to mind is the 2014-2017 channel (when it broke out to the upside en route to $20k). Bitcoin is a fascinating price chart, will never see anything like it in my lifetime. Just sit back and enjoy the show. -@CryptoCurb
BNC:BLXLong
by CryptoCurb
BITCOIN GRAND SUPERCYCLE- FULL INDICATOR STACKOn this form of the chart, you can see how we have a rising wedge that has the potential to bring us as low as 14k. We tested the inverse .618 golden pocket of the entire elliot wave standard cycle which was just completed at the golden pocket, which is also the golden pocket of the GRAND SUPERCYCLE as well as an inverse head and shoulders from the current bear market bottom AND the monthly 200 EMA. Any lower here, and it is likely sayonara, because that makes this rising wedge NOT a leading diagonal, becoming an ending diagonal, and it means the current supercycle could technically still be corrective. If that were the case, we have the potential to still see some very bearish targets. If 19,750k was never lost, however, The Grand Supercycle wave 1 and 2 remains valid, just that wave 2 may retrace a lot deeper than we expect. This is easily the sketchiest i have seen these markets since I began watching them. Be careful out there, my friends. Mad love and respect. May all the bags PAMP. Even if they're shorts ;)
BNC:BLXLong
by QuantumDivergence
BITCOIN GRAND SUPERCYCLE - ELLIOT WAVE THEORY PERSPECTIVE- PT. IA grand supercycle can be conceptualized as the general lifetime of an asset or index. Elliot wave theory depicts that markets move in motive and corrective waves, fractal in nature and related to one another through fibonacci retracement levelss. If Elliot Wave theory is to be believed here, We have just tested THE GRAND SUPERCYCLE GOLDEN POCKET. This could easily be the most imporant weeks and months for all of cryptocurrency. We have confirmed now, a standard cycle (three degrees below the Grand Supercycle) complete at the retest of the golden pocket, with confirmed complete abc correction. From here, it is entirely possible that we are entering wave 2 of a supercycle, which also means we have completed wave 2 of the grand supercycle. If that is validated by a wave 5 standard cycle top here of 40k, we can expect a new bull market to have just begun. this means that a supercycle wave 1 has just begun, and potentially means the grand supercycle has just entered wave 3, which is known throughout history to be the strongest impulse of an asset's lifetime. Its getting spicy out here!!!!!
BNC:BLXLong
by QuantumDivergence
BTC Based on historyFriends, hello! Today, I want to update our perspective on market phases, considering the recent changes we have been observing. Many of you may remember when I talked about the beginning of the Accumulation phase, which led to the growth we discussed. This period of growth had similar characteristics to previous cycles, and now we are witnessing a transition to a new stage - the Expansion phase. Based on history, we can observe a consistent final decline in this phase, which is a characteristic phenomenon for this stage. It's important to remember that we are facing two 🩸 months in market history. It's during this period that we need to be particularly vigilant and cautious. However, it's important to understand that these challenges can be used to our advantage. According to the theory of fractals, there are approximately 250 days left until the completion of the Expansion phase, after which we will have the opportunity to move on to the next stage. We are all looking forward to this moment - the Bull Market. I am looking forward to your thoughts and a collective discussion. 🚀🌕
BNC:BLX
by CHOWTRADE
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
BNC:BLXLong
by TraderAmin-KZ
6
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.
BNC:BLX
by Sporia
2
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!
BNC:BLX
by Tonyz208
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.
BNC:BLXLong
by Suneater69