Sporia

Sporia

Have a quick look at the TA below first. This ascending channel is going to be the key to pinpointing the bottom of the bitcoin cycle. What we have is a "W" pattern formation on the daily which if completes has a breakout target to the top of this channel. Now my perspective on the next 60days is that Bitcoin will make a move down to the 200weekly sometime...

Sporia

Never been interested in XRP until today ,there is something interesting going in the charts. This historical trend line for XRP is playing a big role in keeping up the price , If it does hold targets to the upside would be massive. First target 12 Dollars Second target 42 Dollars I think this trendline will break come May 2022.

Sporia

We have been here before , August 2019 to be exact. Traded the same type of triangle down to a 7k Bitcoin at the time. Take a look below (First TA so rough around the edges ,also ignore the x50 it was a different time lol) Just like 2019 I think there is more a chance that we come down than up. Fib Circle 2.36 Fib Time Zone 2.618 Last week...

Sporia

Wouldn't it be amazing if there was an indicator out there that would pint point Bitcoin cycle tops. Does such indicator even exist? Well what you see in the chart is in fact the best indicator ever created and everyone is quickly to forget what the Pi cycle indicator was telling you three days before the cycle top. Now I know what your thinking November 2021 ...

Sporia

Bitcoin showing mixed signals lets look at the whole picture . First of all we have been inside a symmetrical triangle now for a couple of days and we are coming to a conclusion , this is going to be one of the most important triangles of the year because if we do indeed break down from here it is very likely that we will visit 200 weekly at some point most...

Sporia

Bull Flag possible formation , only have volume and price movement since March 31st 2022 not much to go on. cultdao.io There is a time when the operation of the machine becomes so odious, makes you so sick at heart, that you can't take part! You can't even passively take part! And you've got to put your bodies upon the gears and upon the wheels ... upon...

Sporia Updated 

It takes on average 400 days for Bitcoin to go from cycle peak to 200 weekly moving average. Last two cycles after cycle peaks we found a bottom at the 200 weekly will it be different this time round? It would definitely be different this time round if Bitcoin does not put in a bottom at the 200 weekly at this point. The week of May 23rd 2022 would be 406 days...

Sporia Updated 

I think we can all say that Bitcoin didn't have a blow off top this cycle but chain link sure did. 70% in just two weekly candles in May 2021 pretty insane even for a blow off top , the week of May 17 2021 is the largest weekly red candle in chain links history ,66% in one weekly candle ,it had one hell of a run. Since June 2018 Chain link pumped 31674% over...

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Will history repeat ? The bar pattern overlapped shows a really interesting view on the market structure compared to 1929. Things are looking very much the same 100 years later. Price hit the 3.618 Fib extension in 1929 and crashed shortly after with the tension of war at the time, you had the Sino-Soviet conflict with Russia and china in 1929. 100 years later...

Sporia Updated 

The bear market has been underway for a while now ever since the top in April 12th 2021 I believe we have been in a bear market and in a distribution phase, even though we did make a higher high later on the year I still have come to the conclusion that we are indeed in a bear market. The TA i posted a while back “The satoshi Prophecy” while still not technically...

Sporia

May 2022 is the month to watch out , possible head and shoulders idea that can play out to the 200 weekly moving average.

Sporia

I think this week has been a very important week for Bitcoin and I have not seen anyone talk about the fact that the 200 weekly moving average is now at the previous all time high at 20k. This is a very important thing to take note of because we have never closed a weekly candle under the 200 week moving average in Bitcoins history it has been a hard bottom for...

Sporia

Interesting Time Fib lands May 18 2022 which also lines up with 4.236 circle fib. This date could be the bottom for Bitcoin , price could easily wick down to 25k before closing at the 1.618 Fib at 28k. Best time to take profit would be sometime late March at 0.618 Fib at 51k.

Sporia Updated 

I have been following this 3/1 Gann resistance for a while now as you can see we do not want to be forming a descending wedge coming up to this Gann. If it breaks it takes us down to the 1.618 , prepare accordingly.

Sporia

Check out the TA below first . At the time didn't think of it much but then I took a closer look and what I found is the most amazing mirror fractal from the 2018 Bear market. God dam its hard to swallow this one , seems we have been in a distribution phase all along. Mirror fractal with the double top divergence exactly the same unreal question is do we...

Sporia

God dam I hope this doesn't play out one things for sure if we can any rejection off the 0.618 , buckle up because the bottom will be in May 2022 and I don't know how far it will go. Main difference from 2017 fractal to 2021/2022 fractal is the weekly lower highs , we had a weekly higher highs but this draw down so quick is not good.

Sporia

You cannot stop Bitcoin . May 2022 - Possible Bottom Nov 2022 - Momentum Increase June 2023- Peak If the 1.618 is broken this analysis is invalided.

Sporia

Bitcoin failed yet again to break and close above the 3/1 Gann , check out the TA below . It completed a W formation, broke out of the 3/1 and then got nuked. Daily did not close above. We had a massive fake out here , since November 15th we have failed time and time to break this 3/1 gann. So my whole thesis on May 2022 being the top is highly unlikely at...