2024
Bitcoin (BTC) - Comparing 2020 vs 2024#BTC/USDT #Analysis
Description
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+ After the Bitcoin halving, the expected price correction began in late 2019 and continued through the first quarter of 2020.
+ In 2020, BTC was anticipated to break out from resistance after 35 weeks of correction. However, due to the unexpected COVID-19 black swan event, the price experienced an even further decline.
+ Currently, we are observing a similar pattern following the 2024 Bitcoin halving. The price correction began as expected, and last week, there was an additional 33% drop from the peak (compared to a 53% drop in 2020).
+ If the recovery follows a normal pattern, the price is expected to break out from resistance after 35 weeks of correction, which would occur in November 2024.
+ If another black swan event were to occur, the price could potentially crash further, dropping to the 37K-40K range. However, this is unlikely unless such an event happens.
+ Let’s see how this situation unfolds.
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Enhance, Trade, Grow
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VectorAlgo
(SOL) solanaHere is the first chance to truly see what Solana is made of-. This random SAR indicator idea I made creates a long line that extends itself indefinitely. Currently there is one purple dot atop the Solana candle price August 4th 2024 due to a bottomed out price that broke the long running underlining "bullish," sentiment line, if you want to call it that.
(COIN) coinbase "reversal signal"The signal of this SAR indicator offers a look at the price of Coinbase (COIN) reversing behind schedule of the already BTC and ETH signals appearing last month. I didn't know that before and only made this indicator a few minutes ago while tinkering in pinescript this sunday afternoon.
(ETH) ethereum "sunday best"By looking at iexec RLC a pattern of completion for trading psychology appears to show the depression point in the chart. Many other tokens are the same way. What is going on with Ethereum is much more radicalized and revolutionary. Is it possible to create new ideas to develop Ethereum even further than the capacity of what is already realized within the potential framework of the blockchain without the continuous need for extension tokens to always solve the missing parts of Ethereum?
Messing around with lines,.
(BTC) bitcoinThis is what my latest custom indicator looks like on the bitcoin chart. Not great but there's always room for potential hope. I find hope comes mind a lot with trading mostly because I don't have the money to move markets. Luckily, no one really has the money to move the Bitcoin market, and surely the Ethereum market too. Best two investments in crypto; ETH and BTC. The lines are moving against the trajectory of hope right now. Bitcoin and Ethereum are under the 100 day moving average. Most trending moving average lines are above crypto by now. When I see the bitcoin chart on its own the trend seems doomed. Most of the altcoin patterns have already lost their way to a repeatable price bottom based on before the run up prices in the last few months. Could this mean the chance of Bitcoin falling is less likely due to the knowledge that most altcoins are not in anyway trapped which could lead to the altcoin season,.
TOTAL CRYPTO TICKERThe auto fib retracement and auto fib extension show both indications cryptocurrency ripe to for taking in addition to a complete bottoming out of the price as a whole. Distracted by something, or too busy soaking up the second month of summer? Long orange line represents the time period when the drop happened and the price of cryptocurrency going beyond the 100 day without improving therefore falling. Looks like an opportunistic moment where the fibonacci levels appear as though cryptocurrency is flailing around underneath the resevoir of time and money.
BTC potentional shoulder head shoulderWe need to watch BTC closely. Even tho it seems like BTC will close with a beautifull Bullish hammer we still need to be carefull. We can see growth for a shoulder head shoulder pattern for BTC. Due to war around the world it seems not dumb that we will get this.
Also The simpsons predicted a lot, even about BTC going to make new highs this year. So we have 2 situations, either way we getting a shoulder head shoulder, this will be a problem. Or the simpsons are rights and we will see new highs.
Yes I do live as an Aliën dont mind me.
This is no financial advice, always dyor.
What are your thoughts?
USDJPY got bearishHello Birdies,
From our technical perspective the price of USDJPY got bearish.
The zones are marked giving you clue from where we can long this pair and also the big monthly zone at top will push it down further.
Analysis
- Monthly bearish impulse
- Weekly BOS
- Daily into demand zone
Action
- We can go down further to the marking of Monthly Strong Low (M.SL)
- Only go into pullback when you see sign of bullishness on LTF.
Note
The entry is not optimized it will be once we see the price in monthly zone.
COIN: Support and resistanceMay be we all should get ready for the next bull run in 2024 and 2025.
When BTC goes above 40k, the stocks related to crypto will just go crazy.
This chart is just a representation on where to take profit and where to buy.
I guess COIN might hit the ATH by mid of 2025.
First crypto second capitulation then create a base and then halving and then enters bull run.
Hope COIN will not get into controversy or bankruptcy and make future millionaires.
See you in 2024 and 2025.
Cheers
NVIDIA (NVDA) "disaster zone" temporarily Nvidia, on the news, people talking, I figured I would share this post with this chart indicator to give them a view of what this indicator would look like using it on Nvidia. The image appears to tell a story that the price is falling. For the moment there is a strong conviction that the price is going to decline. After a split, like with apple, the price does go through a period when investors leave because the price is no longer as expensive. Some people like expensive things and after a stock split the price is not as expensive. There are those superficial investors who only like expensive things.
BTC Bitcoin 2024/2025 Bull Run updated Chart timeline Because of the accumulation and the retesting of the .618 Fibonacci line, we have transitioned to following a similar path up to the 2017 Bull Run, which now pushes out some of the price points about a month or so later. Let's see how things play out..............