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BLX trade ideas

BTC is still far away from confirming a bottomPurely from MA stand point the 50 and 21 week MAs are too far away to call a bottom with certainty. In order to get a long term buy signal the 21 week ema and 50 MA need to squeeze for at least a few more months and the price needs to get between them. And from there we should be able to create a bottoming range. If the 21 week ema and the 50 MA cross below the 200 week MA, grab your panties and pray, because it could get really ugly.
BNC:BLX
by BGMind_Control
BTC Elliott Wave Long Term View As far as I know, the Brave New Coin Liquid Index (BLX) has the most complete chart of BTC. Looking at the 1M chart, we can observe that BTC halving events appear to always kick off wave 3 impulses. In the first halving, we can see a blow off top in the minor 5 of intermediate (3). The second halving, takes in minor 1 of intermediate (3) and the third halving also takes place during minor 1 of an intermediate (3). Most counts, regardless of the Elliott Wave pattern interpreted by the Elliotician puts us in a wave (4) either in an expanding flat or a WXY. Both the triangle in (4) and running flat with a leading diagonal in (1) of ((5)) ideas have been invalidated. There are arguments for cycle I being complete but looking at the duration in time of each wave it feels unlikely that this would be the case. Right now, the WXY in intermediate (4) of primary ((5)) is my main count with either the expanding flat or the cycle 1 complete counts being my alternates. As such, I think we have a strong chance of dropping down to around the $17,000-$18,000 before the bull run towards $100,000 begins (123.6-161.8 of the inverse of intermediate (3) and (4)).
BNC:BLX
by HelioHelix
LONG TERM BUY BTClong term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy long term btc buy
BNC:BLXLong
by Hotpott
A projection grid of the whole bitcoin halvings cycle up to 2140For the first time during the last halving, block rewards have decreased by one digit and each red line represents each cycle where a digit is removed from block rewards. Fibonacci extensions based on the closing of the tri monthly sorting candles of the first pulse of 2010-2011 So far Fibonacci's levels have been very accurate in tri monthly and monthly sorting, the potential next major upward levels are, 2.618 around $130,000, 3 around $1 million, and 3.618 around $32 billion. I know the numbers may seems crazy but I don't think currencies as we know them will survive another 120 years. A collapse of Fiat currencies and a considerable reduction in their use, then the transition of Bitcoin as a global reserve could explain extremely high figures in the future. In the other direction, we are currently on an important support after fibonacci, if it were to be broken it would be the announcement of the setting of a new dynamic to observe. under level 2 around $4250 it could be the beginning of a new longer cycle, based on the cycles of numerical decline in miners rewards. I traced three trend lines on the numerical decline in miners rewards, it’s an interesting visual that makes sense with the exponential and deflationary logic of Bitcoin.
BNC:BLX
by urbantech
1
Bitcoin Price Prediction: Bottoms In... During the last cycles bitcoin has never fallen below the weekly 200 moving average. During the covid sell-off price wicked below the moving average for 2 weeks, but this was merely a deviation from the trend. Right now bitcoin has stayed below the average for 6 weeks. But in my opinion this is just another deviation from the trend to fake out traders. At the moment so many people are bearish, and that usually is the point where the market turns around. The majority is never right. Buy the fear, sell the greed! And the answer might be in the RSI, every time bitcoin has turned around when rsi was around 30. This time rsi went as low as 25.71, lower than it has ever gone. But as you can see the RSI has started a small up trend. Which makes me believe the bottom is in. Can we go even lower with rsi and price it self. Yes that is a possibility. But for now as long as the rsi starts making higher highs and higher lows, price usually follows. For now I am of the opinion that the bottom is in for the cycle and we will start and up trend from here.
BNC:BLXLong
by YoMMeR
BTCBTC: soon under 20k? Note the middle of the trend channel... it dipped below it this week. The lower edge of the long term bullish trend channel is pointing at 3 key support points (green arrows) hence the target @19161.37 I expect by 25 Jul '22. Contrary to expectations, there could even be a false breakout of the trend channel, then the red line @15973.53 should be reached. In both cases, the black wave (4) of the red (III) is coming to an end and the black wave (5) of the red (III) should be reached in the second quarter of '23. If this TA matches, the next target is between 75500 and 84180.
BNC:BLXShort
by NeverNO
12
BTC vs. DXY - Opposing Peaks & Troughs Leads to new Low vs. HighFirst, let me preface this with the fact that I'm typically bullish on Bitcoin, but with all of the recent rhetoric surrounding recession (and just as a general rule of thumb) we do have to consider alternative views. This is me taking a different look at Bitcoin through that lens: So - When Bitcoin began its epic rise in 2016-17, around 2017 we saw DXY top out around 103 and begin to fall as Bitcoin approached a new ATH around mid-December of 2018. Almost exactly one month later, DXY bottomed out at around 88-89 and since then began forming a parallel channel between it's low and high. As we approached DXY's next visit at the top of its channel in mid-March of 2020, we also experienced the so-called "Covid Crash" across markets, with Bitcoin finding its bottom at what appears to be a rising wedge on the 3d log chart, as shown above. Following 2020's crash, Bitcoin began another epic run, and DXY reached troughs near channel bottom (each with higher lows), both within ~3 months of Bitcoin reaching its new ATH and completing the top of the rising wedge formation shown above, with its 2nd high falling slightly below wedge top, similar to DXY failing to find a low at channel bottom. This brings us to today: DXY: - Now DXY has broken above its parallel channel, and if you zoom out to view much higher time-frames, it has also broken out of a falling wedge, and appears to want to make a run. 1x, 1.5x and 2.5x channel break targets shown on the 3d chart above. NOTE - We have not yet re-tested the top of the channel however, while Bitcoin is re-testing the bottom of its wedge. Things could still turn in the opposite direction and we could form a new Peak and Trough here instead. For the long-term HTF 3m chart, it is shown below: BTC: - Meanwhile, Bitcoin has broken below its rising wedge, and appears to want to revisit lows it hasn't seen in years. 1x, 1.5x, and 2.5x rising wedge break targets shown on the 3d chart above. NOTE - Presently, we are re-testing the bottom of that wedge after having broken below it, while DXY hasn't yet re-tested channel top. Again, things could turn around in the opposite direction and we could form our new Peak and Trough in the area where we are now instead. These two things correlate and have shown correlation historically, as you can see on the chart. Should we actually enter a severe recession as many seem to think we're headed for, this is what I think might occur, and the chart provides us evidence that it is possible.
BNC:BLXShort
by dudebruhwhoa
Bitcoin Enter Multiyear Bear PhaseWith recent failure at $29318, Bitcoin has undergone major invalidation to its macro wave pattern. Seemingly invalidating its impulsive form, I believe the King of Crypto is due to form a big wedge/diagonal/wyckoff pattern over the next number of years. Considering the ultra aggressive drop cycle we've all witnessed, I believe Bitcoin to also be in yet another more micro version of a diagonal move was well. With 3 big waves stretching down from $68K > $28K, we could see a sizeable return to the range of $50-$55K as a Wave 2 correction. Denial at this level would prove as confirmation (imo) to the yearslong downside cycle. I guess its time to see how Alt Season really operates. Also interested to see how this affects Bitcoin's dominance on the market.
BNC:BLX
by DigitalSurfTrading
4
The Golden Ratio MultiplierMain chart showing cycle bottoms Indicator Overview The Golden Ratio Multiplier explores Bitcoin's adoption curve and market cycles to understand how price may behave on medium to long term time frames. To do this it uses multiples of the 350 day moving average (350DMA) of Bitcoin's price to identify areas of potential resistance to price movements. Note: multiples are of the 350DMA's price values rather than its number of days. The multiples reference the Golden Ratio (1.6) and the Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21). These are important mathematical numbers. These specific multiplications of the 350DMA have been very effective over time at picking out intracycle highs for Bitcoin price and also the major market cycle highs. As Bitcoin becomes adopted over time, it's market cycle highs hit decreasing Fibonacci sequence multiples of the 350DMA. This is because the explosive growth of Bitcoin on a logarithmic scale is slowing over time. As it's market cap increases it becomes more difficult for the same log scale growth rates to continue. If this decreasing Fibonacci sequence pattern continues to play out as it has done over the course of the past 9 years, then the next market cycle high will be when price is in the area of the 350DMA x3.
BNC:BLXLong
by Sporia
6
Two Scenarios?Both scenarios posit that the shaded rectangle and the contained fractal pattern is repeating and growing in size. One scenario posits that the duration of the current posited occurrence is more extended. Thus that the slingshot spike bounce back up to the posited overhead pinkish trend line (i.e. top of the posited megaphone, broadening wedge pattern) has not completed yet and is incoming in August/September. This scenario’s proportional duration and timing projects another decline into Q1 2023 and then a rally into Q4 2023. I guess this presumes an incoming short squeeze bear trap following by a multi-month erosion of bullishness as the Fed continues to tighten even if inflation abates for some months (election incoming in the U.S.) and the Fed funds rate increases decelerate a bit to 0.25 – 0.5 each. Then a recession by Q1 2023 forces the Fed to reverse or pause. The other ghosted scenario posits that the bounce back up to the posited overhead pinkish trend line already completed. And that the decline into August/September is underway, possibly with some bounces interim. This scenario’s proportional duration and timing projects a rally into Q1 2023. I guess this presumes the Fed slows down or pauses the tightening by Q4 2022 because inflation will have peaked for 2022, enabling a rally. Both scenarios may correspond to worsening economic conditions (due to these higher interest rates) by Q1 2023 that forces the Fed to reverse or pause, enabling a rally later in 2023. The first posited scenario may correspond to Bitcoin crashing again in 2024 as the Fed is trapped between $200+ oil and egregious stagflation with a severe recession in 2024. Whereas I suppose the ghosted scenario corresponds to legacy Bitcoin detaching from the other markets as it races to become a world reserve currency after the posited ANYONECANSPEND restoration (of the Nash equilibrium) “attack” — which might make sense if Pootin is forced to take the Sulwaki corridor in 2023 because the the Nazi Zelensky, West, NATO and Lithuania have basically declared war on Russia (forcing Pootin to invade as he had no other options anymore). Sadly Westerners only watch the lamestream, Ministry of Truth media (including the complicit Big Tech) which lies to them about everything, so they’re entirely clueless that for example Zelensky was shelling his own civilians and positioning his Nazi Asov battalions next to hospitals and civilian dwellings. I actually think the ghosted scenario makes more sense, except that the upper, pinkish trend line is not entirely below all the topping action as it was in 2019 (yet possibly explicable in that fractals may only rhyme). Note it is unclear the slope of and where to position the pinkish and light blue lines. Some calculations I have done on proportionality of the current decline have it going as low as ~$12k, but if the price declines below ~$13.9k then wave #4 will be completed and thus wave #5 would be a new ATH. And fractal structure may override vertical proportionality, as posited in the ghosted scenario where the posited, completed bounce back up was not from the posited bottom of the megaphone, broadening wedge. Thus I lean to price staying above $13.9k until after a rally back up to top of posited broadening wedge. BTC is clearly due for a significant rally back up to top of posited broadening wedge no later than Q4 2022.
BNC:BLX
by shelby3