We scrap our bearish sentiment. Referring to our idea where bitcoin has crossed into bullish territory. We are now only seeing temporary corrections before upswings.
Here is another simplified projection of what we expect.
Price is still below the monthly bollinger MA which has meant since 2013 that bitcoin is in a bear market. If price manages to close a monthly candle above the monthly MA we are historically always going to new ATHs. For now, we can conclude that we are still in a bear market since the candle is still held within the lower portion of the BB.
We have updated our BTC idea following the descending broadening wedge as we have seen previously. There is a danger of a retest but we intend on riding the current wave to $31.000 - 35.000 before hedging.
This is a quite dubious analysis. There are no needs to rush into any trades. It is interesting to witness TWTs contrarian price activity. Using structure analysis there is a possiblity that it can reach $15 in January before losing its gains. We will keep an eye on this asset during further consolidation.
WOO can possibly reach a return of 2 - 4000% in the alt season of 2025 based on the structure projections. We will watch this for possible action in the spring of 2025.
ENS has a potential to gain 2000% going into the 2025 alt season. We will watch this project into spring/summer 2023.
If the exchange stands the big flush-out and sees success, there is a possiblity of a 7000% gain in the next alt season of 2025. We will keep a close eye on DYDX for possibilities after the next upcoming crypto drawdown.
CRV has the possibility to gain 4300% from current price levels into the next alt season. We will watch this and consider actions around spring/summer 2023.
APE has the possibility to gain 2500% in 2025 considering its current price level at the moment. We will consider actions during spring/summer 2023.
MINA has a possiblity for a 4000% return from its current price level (may fall significantly further) into the alt season of 2025. We will consider taking action around spring/summer of 2023.
DATA can serve as a long term prospect with possible 2000% return from the bottom to its peak. We will consider looking into this around the summer of 2023.
BTC may gain as much as 1500% from the absolute bottom of this bear market at $9800 to below $200.000 at the projected top in December 2025 based on simple market structure.
Since the market structure of BTC has been broken (the uptrend starting in 2015), I think the next ATH will be a retest of this break-down, which means that the top of the next bullrun will be at around 100k. I think 9.8k is a perfect entry for me because it closes all CME-gaps (the gap at 3k is not significant, it was already wick-filled). Also, I believe that...
We would like to add a linear representation of our forecast as a supplement to our previous analyses.
Bullish signal: We have picked up a lot of discussion on the Hash Ribbons indicator printing a buy signal on the daily time frame and that it means that the macro bottom for this cycle is in. It is built on moving averages based on the hash rate chart to be used together with the price chart. We believe that this is one of the more precise buy indicators...
Dear readers, We are currently approaching what we anticipate as the final flush-out of the stock market and cryptographic assets. We believe that cryptographic assets still have a significant place within financial speculation as there is always potential, usefulness and/or pure hype that has the possibility to attract large amounts of money from hedge funds,...
We believe that there is another leg down similar to other instances where Stoch RSI needs to double touch bottom in order to set off a 2 year cycle of upwards movement. This coincides very well with the crypto market which is according to our analyses ready for another final leg down closing in on January 2023. We believe that this projects a top for bitcoin and...