What goes up Must come downHey guys and girls,
almost 5 weeks ago, I suggested
Oct 23, 2024 (Target = 100k)
Oct 27, 2024 (Target = 100k)
(As you well know) in November, there was some good news:
"Donald Trump won the 2024 election"
What happened next?
Bitcoin soared nearly 49% (after Trump was declared the winner of the election)
(my scenario ---> I sold)
What goes up must come down
When's the correction?
In my opinion, Bitcoin is ending its rally and expectations are shifting to a slowdown and the pressure is more on the devaluation side,
What to expect next? (medium term overview- Wave A)
To the best of my understanding, I think this chart is not representative of what the real market is.
why?
Wave 3 = $ 48,500 ( = 3.12 x length of Wave 1)
Wave 5 = $ 50,500 ( = 3.25 x length of Wave 1, means there is pressure everywhere, and I mean everywhere)
Yes, this chart tells me there is something brewing (there is something there that was not there before)
Further targets:
$ 90k, $ 87k, and $ 83k
BTCBUSD
Bitcoin BTC to $250K - BUY & HODLBitcoin went to the Moon with Dec '17 top.
Then it corrected 88.6% on the Fibonacci Retracement with Dec '18 bottom.
After that it went to Mars and hit the tops again in Nov '21.
It was a 2000% gain.
What can you tell from this?
Percentage-wise, Correction is lower than the gain.
So, the Dominant Trend for BTCUSD is UP!
OK, back to Earth.
Let's gather fuel and power-up the rocket.
Time to go Interstellar.
Before I go into the technical stuff, allow me to keep things simple for you.
I took the liberty and measured the BTC Cycles.
But you don't need to worry about that, just follow my lead!
I used a fancy tool called Fibonacci Time Zones.
This tells me roughly when the next Bullish Cycle for Bitcoin will start.
We are on the 5th Fibonacci Summation milestone, and another 2000% gain is destined to commence.
When?
Early '23 , like all other Cryptocurrencies.
What's the level?
My ultimate levels are: 10K & 7.5K .
I will buy more there.
I will HODL for the long-term because I know it's a waiting game.
Now you have what you came for: when & where.
You can go ahead and open the next idea. :)
Thank you and you're welcome.
But if you capable of digesting what's to come below, then I put my hat down...
Bitcoin ( BTCUSD , BTCUSDT , BTCBUSD ) Technical Analysis:
* Elliott Wave Cycle: Complete V Cycle Degree (white)
* A-B-C Elliott Wave Correction (red)
* Ending Diagonal in Cycle C (red)
* Harmonic Pattern: Cypher
* 88.6% Fibonacci Retracement
* 161.8% (Golden Ratio) Fibonacci Extension
* Bullish Divergence
* Dominant Trend Line (turquoise dotted)
* Demand Zone
* Fractal Pattern
If you get all this without a headache then you're a legend!
The Aug '15 to Dec '17 is what I'm expecting, and it's a BIG one.
Good luck my fellow HODLer..
Thanks for the like,
Richard, the Wave Jedi.
Stand pat!Hey guys and girls,
Here is an updated chart from my (Nov 12, 2023) post
As you can see, this is only half of the battle!
Further targets: $ 74k, $ 84k, and $ 100k
Appendix:
Structure: 5-3-5 (Inverted)
Bitcoin halving countdown: 49 Days
Technical Section:
Wave 5 has two different relationships:
1- If wave 3 is less than 161.8% of wave 1 -----> the 5th Wave overextends itself.
2- If Wave 3 is greater than 161.8% of wave 1 -----> Wave 5 = 100% , 161.8% or 262% of wave 1
BTC - POSSIBLE LONG TERM SCENARIO (JAN 2024)This is my first post in 2024.
BTC - POSSIBLE LONG TERM SCENARIO (JAN 2024)
This is what I see BTC in a big picture at the moment. The lowest I anticipate (if happens) would be 36k. Moreover, BTC can correct when reaches around 48k. The top also can be around 150k in 2025. Let's see what will happen.
Wave III is probably too largeHey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Preamble:
Several months ago when I said "stand-pat" I said it for a purpose and my purpose is right here now,
(all targets have been achieved)
The market is trying to tell us something!
As shown on this chart, Wave III is a fairly clear five (BTC is completing the fifth wave ((5)) of the third leg III of a 5-wave rally )
The Grand Super cycle from 2019 :
Wave ((3)) > 161.8% of wave ((1))
Wave ((5)) > 261.8% of wave ((1)) ----> Wave III is probably too large!
As a result, wave III is still not complete!
So
there's only one thing to do!
Appendix:
Further updates to follow 👇
Stand StillHey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Sometimes I add a bit to what I have thought. let's do some math here:
Technical Section:
minute:
Wave 4 = 50% of wave 3 ($ 49k)
that was the end of it
Wave 3 is greater than 161.8% of wave 1 ----> Wave 5 = 261.8 % of wave 1 ----> Target = $ 89528
minor:
Wave C = 123.6% of wave A ----> Target = $ 92115
Conclusion: There is only one possibility for the long-term outlook. BTC is about to go vertical!
Appendix:
Stand pat! (Feb 29, 2024)
Dec 28, 2022 (This is what I am basing mine on for the bull market!)
There's a storm on my chartHi everyone,
I see two possibilities.
Blue or Brown ? (we have to see!)
Technical Section:
The Blue Path: S&P500 is completing the fifth wave of the 5th wave of a five-wave rally.
Wave 5 = 2.618 x length of Wave 1
Wave 3 = 2 x length of Wave 1
Target = 5790
The Brown Path: S&P500 is completing the fifth wave of the 3rd wave of a five-wave rally.
Wave 3 = 4.236 x length of Wave 1
Target = 6440
Will history repeat itself ? (A look at Bitcoin Halving)What is bitcoin halving?
Bitcoin halving is a major event that occurs every four years on the Bitcoin network. It involves the reduction of the block reward that miners receive for adding new blocks of transactions to the blockchain. The block reward was initially set at 50 BTC when the Bitcoin network first launched, and it has been halved twice since then. The first halving occurred in November 2012, reducing the block reward to 25 BTC, and the second halving occurred in July 2016, reducing the block reward to 12.5 BTC. The most recent halving occurred on May 11th, 2020, and reduced the block reward to 6.25 BTC. This process is designed to keep the total supply of bitcoin limited and controlled, helping to preserve its value over time. It is a significant event in the Bitcoin community and is often seen as a catalyst for price movements in the cryptocurrency market.
The price of bitcoin has historically trended upwards in the months and years following previous halving events. For example, the price of bitcoin began to rise significantly in the months leading up to the first halving event in November 2012, and it continued to climb in the years following the event. Similarly, the price of bitcoin increased significantly in the months leading up to the second halving event in July 2016, and it reached an all-time high of almost $20,000 in December 2017, several months after the event.
In the above chart, we can see a similar pattern with each Bitcoin halving cycle. In the first halving cycle the price of bitcoin was trending downward until the halving event and after the halving, it started moving upward and reached the peak price of around 1100 USD and started the downtrend for the upcoming bear run till the next bitcoin halving cycle.
Similarly in the second halving cycle bitcoin started moving upward after the halving and reached the ATH price of around 20,000 USD and initiating the next downtrend cycle.
And in the latest halving cycle the price moved downward until the halving cycle and started moving upwards after the halving and reached the ATH of around 69,000 USD and initiating a new bear trend.
Currently, we are in a bear market (crypto winter until the next bitcoin half which is supposed to occur on April 2024, we can expect a clear uptrend after the bitcoin halving cycle and to reach a new ATH.
In my personal opinion, this is a great opportunity to invest in Bitcoin and increase your overall bitcoin holdings. If history repeats itself then we will see a new ATH in the next 2 years. (Based on past data bitcoin tends to hit new ATH within 1 year of the halving)
Stay tuned for more long-term crypto analysis and education content.
Thanks
Hexa
Bears need to explain that bull flag
As shown on this chart (28 Feb- 12 May), the market is in a sideways trend (clumsy indecision).
Can't say that it annoys (to be honest) but, I can trust a thief to steal my car because he knows his job well, knows what he wants to do :)
Indecision kills!
What to do when you don't know what to do
1- Control Your emotions ;)
2- Nothing goes straight up (don't panic)
3- Why are you making this trade? Have a reason for every trade (buy- sell)
4- Focus on bigger patterns. one day, it will make sense to you
My rational choice is:
intermediate ---- > diamond bottom reversal pattern (Target = $ 73.5k)
primary ---> bull flag pattern (Target = $ 86k)
strong support = $ 58400
Target = $ 180000(A implies B, B implies C, C implies D, D implies E)
It seems simple,
yes, it seems simple, but it works!
Anyway, let's see what it does.
Appendix: Technical Section (Wave 3):
This wave is much too big to be some kind of first wave!
- Wave 3 = either 1.62 x length of wave 1
or
2.62 x length of wave 1
or
4.25 x length of wave 1
BITCOIN. HIDDEN FACTS ON. (BTCUSD)We don't see a drop in Bitcoin .
There is no money or investment that falls forever.
Unless Of course the system crashes.
I do not give investment advice.
As soon as it breaks 28800, they will try to blow up all the crypto.
Stop-Sell = 27999 Don't worry, sell it.
Supported.
33000 (buy %5)
31900 (buy %5)
31000 (Buy %10)
30200 - (Buy %15)
29400 (Buy %15)
28800 - Last Level
27999 - Short. ( %50)
2*300 - Short Closed ?
There is no such thing as coincidence.
Tschüss!
BTC will not dip below $ 69k again.Hi everyone,
In a lot of ways, (four days later!), BTC will not dip below $ 69K again.
1- Based on historical trends following the halving ...
2- Elliott Wave Theory!
Proof of claim:
As you know, wave ((1)) and wave ((4)) cannot overlap. For this reason, there is only one possibility for the long-term outlook.
This can only mean one thing: BTC will not dip below $ 69K again.
As a result, the best time to buy Bitcoin is now
Appendix:
and then
Wave 5 is probably too largeHey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Technical Section:
Wave 3 < 161.8% of wave 1
Wave 4 = 38.2% of wave 3 (Wave a = 38.2% of wave 3, It did)
Wave 5 is probably too large
Extended Wave 5 (Target 2 ) = 100% x length of (beginning of Wave 1 to top of Wave 3)
(Extended Wave 5 = 161.8% x length of (beginning of Wave 1 to top of Wave 3))
Targets:
Target 1 = $ 91k
Target 2 = $ 110k
Take care.
8 to 10 new price lowsHey guys and girls,
Preamble:
You must have a plan, (what are your targets? or where is your stop loss? or ... )
Why? because, without a plan, you tend to make decisions "emotionally" :)
My vision:
BTC is about to do the unthinkable.
Technical Section:
Pattern: Bull flag
Candlestick Pattern: 8 to 10 new price lows
Pattern description: bullish reversal pattern
RSI ---> oversold
MACD ---> Buy signal
Price projections:
Buy signal = $ 64700
Target 1 = $ 68000
Target 2 = $ 72000
Target 3 = $ 80000
my vision is clear now.
Appendix:
The Fifth Wave of The Third Wave
I firmly believe we are in a Great-Accumulation era.
Technical Section:
BTC is completing the fifth wave of the third wave of a five-wave rally.
As shown on this chart, wave 3 is less than 161.8% of wave 1, as a result, the 5th wave overextends itself.
Extended Wave 5 = either
61.8% x length of (beginning of Wave 1 to top of Wave 3) ($ 90k)
or
= 100% x length of (beginning of Wave 1 to top of Wave 3) ($ 109k)
or
= 161.8% x length of (beginning of Wave 1 to top of Wave 3)