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Bitcoin's Bottom being in using Elliott waves @MelvinsMovesI am using Elliotg waves to provide I feel strong evidence to show the bottom being in! 1. look at the covid drop that being a wave 1 wave and wave 2 being the actual drop going down to the .854 which is one of the possible levels a wave 2 can retrace to 2.the 64k top was top of wave 3 and 69k top was apart of irregular/ Expanded Flats and it going to the 1.618 of leg A ( 64k top down to bottom of the summer in 2021 (28k) 3. wave 4 using fib retracement point 1 being bottom of wave 2 and point 2 being the top of wave 3 ... wave 4 should not go past the 50% or .5 and not only did we get close to it but we are currently back above it ( as of right now but even going back below it I do think the bottom is in) Ps .... If by chance it is not in i would. then assume that the 50%/ 0.5 on the fib would be the bottom that being at about 15.9k BITSTAMP:BTCUSD BNC:BLX
BNC:BLXLong
by mevlinsmoves
Bitcoin Heads towards ~100k Double Top - After 2024 HalvingThis idea is just for fun, so what if... -- we do reach or almost reach 100k, but not until after the next halving --we stop there, quickly head back down to around where we are now (24k) -- and then right back to at or near 100k again -- double-top then an extended downtrend until 2028 halving (we don't actually have a date for this yet, just speculating) -- this stops at where we stopped during March 2020's black swan event (maybe this becomes a double-bottom) Then, resume bullishness as we head towards future halvings from now through 2140. Meanwhile, between now and 2024, we do see some correction up into the 35-45k area (give or take), but remain in a long-term downtrend that finally bottoms out around the 16.5k area (wicks could go down to 12-14k-ish).
BNC:BLX
by dudebruhwhoa
3
Bitcoin will TOP this year(2021).My thoughts on the current situation. Bitcoin and the relationship between the bullmarket TOP and HALVING. In the two previous cycles, the TOP of the entire growth cycle was exactly 820-850 days before the next HALVING. Taking this into account, theoretically, we should reach TOP in December this year, and then go into a downward trend and consolidations for the coming years. It is worth noting that in the previous cycles, after reaching the peak(about 820-830 days before HALVING), the distribution in the Descending Triangle formation began. In my opinion, it is likely that due to the global crisis, the top of the current cycle was achieved much faster (64k in March) and currently we are already in distribution phase.
BNC:BLX
by dlglx
2
Bitcoin Logarithmic Growth - 2023 ATHBitcoin Logarithmic Growth curves displaying historic price movement since its existence. A lot of discussion now on whether the recent 'top' was a completion of our 4th bullrun or not. We don't know for sure yet, but here are some things we do know at this point in time: - Price has touched the upper band of the Log curve at the end of a bullrun, this has happened 3 times in history - highlighted in red - Price has touched the lower band of the Log curve at the end of bear markets, this has happened at least 3 times in history - highlighted in green - Price % increases have gotten smaller over time with each bullrun, as is normal with a maturing asset on a Logarithmic scale - Bitcoin's length (time/bars) of bull runs have been getting longer with each one ○ 11 bars, 24 bars, 35 bars respectively - highlighted in yellow Present situation: - Price has not touched the upper band of the Log curve - highlighted in upper grey circle - Price has not touched the lower band of the Log curve - highlighted in lower grey circle - Bitcoin's bullrun, if peaked already, will have DECREASED in length (1st time in history) relative to past runs, sitting at 27 bars at the peak of 69k - highlighted in lower grey box If Bitcoin's bull run is still 'in process', then it currently fits the thesis and we could expect an ATH peak in late 2023, somewhere around 55 bars to completion and a tap of the upper band on the Log curve - highlighted in upper grey box. If this is the case, we do not want to see a touch of the lower band on the Log curve to further validate this. Or, you can argue we've seen our bullrun already and topped at 69k, many make this argument and it's perfectly fine. If this is the case, however, then in theory we would be nearing our end of bear market bottom, around 16-17k or perhaps one more lower low to finally bottom on a touch of the lower band of the Log curve. Whichever side you are in belief of, the resulting action should be quite similar as an investor/trader imo- that is, to look for long term positions or DCA, in my opinion, beginning from a month ago to end of this year is the time to be accumulating. My thoughts!
BNC:BLXLong
by cryptovatsik
Bitcoin long-term view - Stoch RSI cross below 1.00Bitcoin long-term view - Stoch RSI cross below 1.00 (smoothD - orange line) With my chosen indicator settings this event only happened three times in BTC history 1. cross November 2011 - smoothD 0.25 2. cross December 2018 - smoothD 0.65 3. cross July 2022 - smoothD 0.76 After the 1. and 2. cross we had massive gains followed - what will the 3. cross do for us dear Crypto Nation? *not financial advice do your own research before investing
BNC:BLXLong
by Crypto4Everybody
2
BTC Bull Run ComparisonsI have 3 Charts showing the previous 2 Bull Runs in 2013 and 2017 and then the latest Bull Run to bottom. As you can see with the Fibonacci Indicator that I created we hit the Purple Fib 0 perfectly in all 3 charts. In the 2013 and 2017 Chart you can see the Yellow Ratio line I call Saturn cross over to begin the ascension to the next bull run. In the latest Bull Run we are trending perfectly on the Purple Fib 0 and bouncing around in what appears to be a Bear Pennant. If it crosses below the Fib 0 then we will be in unchartered territory. I think it is taking a break waiting for the next leg down back to the Fib 0 which be around 14.8k by then. Also you can look back to the 2018 final leg down and see current similarities to this last leg down.
BNC:BLX
by BoneFunkenstein
5