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Bitcoin From 2010 to 2025: A Bullish Corrective WaveA follow-up to my pervious invalidated long term idea of BItcoin reaching $3,000,000 within the next decade.. (to state it explicitly, this idea has largely been invalidated by further review of Bitcoin's macro price action). This idea will be largely contrary to my previous. Based on a number of subtle signals discovered through Bitcoin's price action review, I feel at liberty to say that there's is no way that BTCUSD is structured in an Impulsive Wave format. Its expeditious growth has not once made a sizeable enough correction to satisfy a Wave 2 requirement - not one time. Generally, we expect Wave 2 to retrace at least to the 50% fib level, the most we've seen for Bitcoin (on the fib scale is 38%). Corrections to the 38% fib level are very commonly seen within Wave B (or Wave X) in certain cases. Whether it be Wave B or Wave X, these fractals only come within corrective wave forms. Zig-Zags (the most common corrective wave type) notoriously travel much faster than Impulsive waves as well. At its current price level, BItcoin has grown 1969928%, in a matter of 13 years. We could easily classify this as a 'much faster' pump than we've seen outside of the OTC Market. Not to drag this write-up out too long as all of my notes and thoughts are shared on the chart but let this be the main point(s): 1) Bitcoin is 1000% not in an Impulsive Wave structure. 2) In the traditional sense of price action, Bitcoin has not built any horizontal base. 3) Bullish corrective waves typically retrace 61.8%-89% on average. Seemingly in a Bullish Double Zig-Zag wave, I believe Bitcoin has enough gas left to reach towards $174,017.93 to $329,945.48. I suspect this target range could be reach between November 2024 and March 2025 however, beyond this phase Bitcoin should/could be due for another (more drastic) Crypto Winter. Based on the rules and guidelines of Elliott Wave Theory, I believe the downside target could very well drop below $10. At worst case, it becomes the next Luna-Bomber! Permabulls, Diamond Hand(ers) and HODLers should mentally condition themselves to protect capital and to remain loyal to the same. *Current upside and downside targets are based on the idea that $15,501 will continue to hold as the regional low. If this low is broken, the idea of a new-ATH is invalidated and bottom targets could come much quicker but, its impossible for the longstanding structure of Bitcoin's chart to be changed. This should be my last post on TradingVIew for Bitcoin. Surf well!
BNC:BLX
by DigitalSurfTrading
1
A Booom ahhh, cognitive count Strong B happens when A is three waved because it feels like completion of a zig zag and an end to correction, herding behavior Normally the herd can't identify the A and they buy a long term position and In case of btc a flat can probably have the same effect, cognitively I will not be surprised to see btc at a new low because structure based wave count has that on the table then B, of course for my level of skill however I think we are in the B of a zig zag and B might end higher than ath, flat for flat?!! To know why the first flat is a wrong one check the related idea Patience is virtue of kings If you know a very good book for golden mean and Elliott wave count then introduce me ...
BNC:BLXLong
by UnknownUnicorn10828932
6
Mega Bullish Price Forecast for BitcoinA lot of people thinking Bitcoin follows some form of a logarithmic growth curve. That is very possible, but if you look at the chart of Apple stock we can see that it did as well for several decades before it actually broke out to the upside. I think it's very possible that some shift in world monetary policy, such as a currency or currencies being backed partially by Bitcoin or central banks adding it to their balance sheets could easily cause this to happen.
BNC:BLXLong
by theeverythingbubble
1
We are very close to the bottom.The FTX bankrupcy shocked everybody and with that being written down into history we are quite near or have already had the final capitulation. Here I'd like to make the distinction between hitting the bottom and trend reversal, a trend reversal usually takes time to print a reversal pattern of some sort, it might be an Adam&Eve, or Ascending Triangle, or Rounding Bottom, with the exception of a very hard to catch 'V shaped' reversal. In terms of timing I've put on the Fib Time Zone tool(Love tradingview!) and interestingly we are at 1.618 in which pretty much every previous bottom lands. Please note that as for the time being we still haven't got into any trade, we are monitoring shorter time frames for an entry. (yes we are timing the market and we are good on it) Just sharing this information to you guys and keep your precious money safe for the next bull run, Take care until next time! ###NOT FINANCIAL ADVICE###
BNC:BLXLong
by JoE
5
AW Bitcoin Analysis - The Definitive Conclusion Chart...Please take a moment to imagine such a scenario in which these waves could play out. It might have something to do with US Dollar strength and higher interest rates. On a positive note, we all know what comes after Wave 2. Would you rather use the waves to determine future price action or a lovely hopium chart full of rainbow ribbons and death crosses, I mean moving averages. Of course, this is just a logical way of looking at a chart but logic flies out the window when you have your Lambo lenses on. It may not go that low or it might go lower. No one can really know what the state of the world will be during that time. Asset prices may have declined significantly priced in worthless FIAT. Social unrest, war, famine, pandemics and supply chain failure. We don't really know but we do know that what goes up must come down, even if that means it will go up harder later. Please see all related wave analysis videos linked below. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
BNC:BLX
by AriasWave
2010-2023 Elliott Wave: BitcoinBitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.
BNC:BLXLong
by stevepuri
9
BTC (BNC) 1D - Are we seeing lower lows before Trendreversal?Bitcoin is rallying since couple of days and making all Bulls extremely happy, yet, we need to pay attention of possible downtrends or invalided patterns for a bullish scenario. The falling wedge (purple) is playing out so far. Adding FIBA from the local high (5. NOV - Start FTX Saga) we see that level of -0.618 are reasonable. For now we are looking at Fiba level 0.5 that coincides with the falling wedge and a Reversal Point (blue). Eventually we get higher to Fiba 0.618 as potential Bull trap and get all the way down before we rally. At the level of 18,700$ for Bitcoin is a major liquidation level waiting to dumb the price. Another liquidation levels are at 15,500$ and 13,800$ Thanks for reading, commenting and sharing.
BNC:BLX
by Sidi25_
10 Potential Trends 2023 by EXCAVOPotential trends and my thoughts on the future - 1. Increased Crypto Regulation 2. I'll start by explaining what L0, L1, L2, and L3 are: L1 - Transactions L2 - Closing problems of L1 L3 - Applications/Infrastructure for Applications L0 - Cross-chain infrastructure *L1 solution cannot be fast, scalable, and decentralized at the same time. Protocols L1: Ethereum (ETH) Toncoin (TON) Solana (SOL) Near (NEAR) New L1 Solutions : Aptos Sui Canto Fuel Shardeum Quai Linera Sei Disadvantages of the New L1 ETH dominance Past failures of "new" L1 Interest in LAYER L2 solutions LAYER 2 - a protocol deployed on top of the main blockchain (Layer 1) is needed to increase the scalability of L2 - solutions are used for popular blockchain platforms with low bandwidth, such as Ethereum and Bitcoin Pay attention to: Arbitrum Optimism Polygon zkSync Fuel Labs Advantages: Ethereum is the most popular ecosystem Developed infrastructure Request for scaling Disadvantages: Risk of vulnerabilities The problem of mass adoption Key challenges: Attraction of liquidity Competition Layer 0 Cosmos, Polkadot, Avalanche, Cardano 3 . Exchange tokens also remain interesting for market participants; some exchanges leave while others remain and they see opportunities for customer growth and platform development. I would like to highlight several exchanges that are now actively working to become top exchanges: Okex Bitget Wootrade If I missed any exchange, please write in the comments 4. For potential trends, pay attention to the simplification of financial interactions, new types of fundraising, DeFi of the second and third generations, WEB3 is not yet used in a large part of the cryptocurrency market. Remember something that was very hyped in the past but has not yet been transferred to a decentralized plane, such as with ICO/IDO like IPO, as as well as NFTs like Bearbrick and KAWS. Look for a super idea or potential fierce hype. 5. DeFi will continue to develop, and from the future leaders, I think there will be projects such as: dYDX Lido Uniswap Maker Curve Advantages: Request for decentralization Ecosystem support High profitability in terms of business Disadvantages: Regulatory risks from the US Higher entry threshold than CEX Hacking attacks Key challenges: Stimulation systems Competition 6. At the end of last year, I began to look very closely at the Chat GPT platform, of course, it made me look at what is happening and the future of the world in a different way. And a few days ago, a list of crypto projects related to AI (AI) was published: coinmarketcap.com dropstab.com Many began to write about the potential trend in this direction at the next Bull Run. And this is certainly the case. Any trend starts like this. But I want to note that there are already plenty of projects working with Big Data - DYOR 7. Proof of Physical Work consensus I wrote in a previous post 8. Wallets Due to the mass distrust of centralized exchanges, wallets will gain popularity in this cycle, this hype will be facilitated by the release of the metamask token. As for me, I use several cold wallets and I really like mobile phone wallets such as C98, Safepal, and Trustwallet. 9. Social media Decentralized social networks are a potential new boom: DeSo, Nation, Farcaster, Lens Protocol, Braintrust , and so on are some examples to look out for. Centralized social networks Potentially, each social network (Twitter, Facebook, Instagram, Telegram) will have a direct sending of cryptocurrencies. It looks like this, stablecoin issuers are already working on implementation. This will be the next trigger and stage of adoption, which will mark the new BullRun of the cryptocurrency market, after which we will see a global restructuring of the TOP 50 The main IT giants are Apple and Google - they have been preparing to enter the cryptocurrency market for 2 years. They will be able to take the cryptocurrency industry to the next level, but I think it will not be in this cycle 10. AAA Blockchain Games ....will continue to be developed I communicate very well with the project team, see for yourself how cool it is www.youtube.com I will say more, I have already played the beta version It is also important to note that all investments come with some level of risk and even the most promising projects and trends can have unforeseeable challenges and obstacles. It is always important to conduct a thorough analysis of any investment opportunity and understand the level of risk involved before making a decision. Never invest more than you can afford to lose and always be mindful of the long-term potential of any investment. As a final note, it is also important to keep in mind the importance of regulations and compliance in the financial markets. The crypto and blockchain space is still largely unregulated and many projects and trends may fall foul of legal and regulatory requirements. It is important to stay up-to-date with any changes in laws and regulations in the countries you are operating or investing in. I hope this information has been helpful in providing some context and guidance when it comes to trends and developments in the financial markets, and a deeper understanding of the crypto and blockchain space. Remember, it is essential to conduct your own research and make your own decisions based on your financial goals and risk tolerance. If I missed any trend write it in the comments Best regards EXCAVO
BNC:BLXLong
by EXCAVO
20