Bullrun
State of Bitcoin (November)A daily chart on BITCOIN is very simple to dissect, what BITCOIN will do from here is not so easy to work out.
The idea is to plan for what to do at the key levels and everything else in-between is just noise that wants to take your money.
How I see BTC is what you see in the chart:
- The immediate attention is drawn to the ascending triangle BTC currently finds itself in, these patterns can be bullish or bearish depending on the direction of the breakout. the trend is currently bullish and that plays a factor in the outcome.
- What was previously a bearish OB at the 32k level has been flipped but not retested for support yet, if the ascending triangle fails or bulls run out of momentum the most likely plan would be to drop to that level.
- The next bearish OB is sat 22% higher than that 32k level at ~38k, before that there really isn't much resistance.
- In the longer term, a matter of months I think the best possible buy zone is the FVG at 19-20k area. That would be a no brainer buy and hold for the next several years. We've seen a deviation below that area and the reclaim is what started this rally. I would estimate that this is the absolute floor for BTC now, especially when the ETF's are approved and the halving comes into play.
- If this FVG isn't filled the next best place is the S/R level at 25k but as we can see on the chart, the third time testing an area it usually gives way so for me 25k doesn't look like it would hold another retest.
I do think max pain would be just keep squeezing higher while everyone is waiting for one more dip, I myself would like one more dip but every eventuality must be planned for.
FTM Major Breakout or Rejection Incoming?!?Lets take a look at this beautiful confluence on FTM. A confluence this clean from major pivot highs do not come around often and what I can say is that the smart thing to do at these levels would be to enter a short position with stop above the wick high.
Some people might trade this as a potential breakout, with a stop loss 1% to 2% below entry while managing your position size isn't a terrible idea but the most probable outcome is for price to reject a little from here.
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This is not financial advice. This is for educational purposes only.
INJ High time frameIn the lead up to the next bullrun now is a good time to research into strong projects that will look to out-perform BTC over the duration of the cycle.
L1's are a large part of the cryptocurrency market with ETHEREUM being the leading L1 altcoin, a coin with a market cap of ~220B, due to diminishing returns with every cycle investing in projects that have yet to grow to this level offer a higher ceiling for potential gains.
One of those L1's is INJECTIVE, an L1 that currently sits at approximately half its ATH set in May of 2021. A POS blockchain "built for finance" based on the COSMOS SDK able to facilitate cross chain transactions with other major L1's.
Looking at competing L1's like SOLANA where it has an ATH of $260, an almost 8x from current price. This naturally brings on more sell side pressure as people that are still underwater from the previous cycle and are inclined to sell at break even as soon as price reaches that level. This will be the case all the way up to all time high.
However, for INJ once it breaks it's previous ATH there is no sell side pressure as everybody is in profit every time a new ATH is made. This then snowballs into brand new territory, retail likes to FOMO in and smart money takes their profits.
When looking at the last bullrun, CORDANO reached a total market cap of ~110B, if INJ was to do the same it would mean a price of $1100/INJ. Not saying this is going to happen but stranger things have happened.
Very exciting prospect and definitely a project I am anticipating to be one of the best performing in 2024-2025.
BTC - Let The Party Start 🎉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
On the Weekly Chart (Left):
The bulls are stronger than ever, as BTC broke above the 32,000 weekly resistance. The 32,000 level is now acting as support since we had a daily candle close above it. The next resistance zone would be around 40,000.
On the H1 Chart (Right):
The blue curve shows the overall bullish trend, with the previous major lows marked in blue. Today, BTC formed a new recent low. If history repeats itself, we can expect the price to retest this low before forming another significant upward impulse.
The bulls will remain in control unless the last low is broken downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Brent OIL in USD until April 2024 + some projections into 2025 Weekly timeframe suggests that BRENT is in its second half accumulation area, which will last until April 2024. Inside the accumulation area OIL will in the range of USD 79-96, bottoming in the mid of December 2023 and topping in the end of February 2024. The last bottom of accumulation phase will happen in the mid of April at the level of around USD 90, but no lower than USD 87.
End of April will mark a major breakout from the accumulation phase starting a new sequence of higher highs, the first is expected around the level of USD 98. Followed by a quick retest of USD 93-96 range ending in the beginning of July 2024.
The long awaited OIL bullrun is likely to start in July 2024 and last until mid September 2025 reaching USD 213 level.
RED TOKEN BULLISH IN THE NEXT BULLRUNRed looks so 🔥 so bullish is just manner of time, this token lost 90.40 % since mid April, and many indicators sound bullish 💯 and can make 100X easily in the next bullrun, however it should start making 100X with at the beginning of the bullrun because it lost a lot just recently within short amount of time ⏲️
💥Not a financial advice.
NIFTY Market CAP trend forecast until JULY 2024 Current bear market will continue until the end of February 2024.
During 2023 possible growth of NIFTY will occur starting mid of November until December in the range between 9327-9650. In December NIFTY will start falling from the area of 9650 down to 8800 (possible extreme bottom of 8653) in the beginning of January 2024. January-February 2024 is the perfect time to buy NIFTY Stocks.
End of February 2024 will mark major bullrun in NIFTY until the end of July 2024 in the range of 9327-10609.
Possible sideways-upside movement might occur between May and July 2024.
Not quite there yet...Howdy fellas!
Figured I'd come back and update from the last time I put this chart out there.
I am not playing the bear game here, but if history repeats itself, we still got that big dump before bull run begins.
You might wanna take some profits at the end of this run, as this supposed dump happens in about 9 weeks. Once it starts in drops quick and the move down should be done in 3 weeks.
I can always be wrong friends, so do not run your trades based on my words.
Trade thirsty!
the 10k or 30k bitcoin debatehow both sides see it.
we are currently sandwiched in a range of historical resistance/support flips - the initial 10k resistance flipped support for the bullrun, and the level that held price to ATH now flipped resistance.
bears are aiming for a retest of this area near 10k
bulls are aiming for a retest of the area near 30k
...both are probable
thus far we are unable to break the .75 of the range to 30k with 2 decent rejections.
as the .25 was front ran there is a likely chance we swoop the 15k level.
losing the .25 would most likely open the doors to 10k for a retest of the demand zone that confirmed the covid bullrun
likewise holding the .5 here with the obvious ih&s pattern could see the .75 claimed with the 30k target activated.
23/10/23 Weekly outlookLast weeks high: $30629.8
Last weeks low: $28832.6
Midpoint: $27035.3
Bitcoin finished the week with a massive 11.1% increase and a weekly high of 13.28% greater than weekly open.
The way in which BTC had that huge initial gain at the beginning of the week was due to Cointelegraph issuing a false report that the Blackrock ETF had been approved when in in fact it's still under consideration with the decision deadline in March '24.
This false news created a large wick, and the majority of the time wicks get filled, in this case price slowly and consistently filled the wick over the remainder of the week.
We are now looking at a possible SFP of this local high given at 30600 from that early week wick. Price has broken out above and is now back under. For this mini rally to sustain itself price can not be accepted under the red trendline in my opinion. Maintaining bullish price structure going into the heavy resistance area of 32k is key if this rally is to continue. I still think there is one last crash just to truly crush the impatient and for smart money to load up for the bullrun ahead which is almost in site now.
Daily pinbar candle. Fundamental still bullish?!Hi guys. Last week was again a week full off strong bullish momentum. Even the big resistance levels couldn't stop the massive bullrun. The market is overal more moving on fundamentals then technicals. The war going on is making the precious metal in big demand.
I adviced traders to be carefull with selling the market. Intraday/swingtraders having a hard time shorting the market atm.
If we look at the friday daily closing. We can see a big pinbar. 1983-1985 is big resistance level. It broke in lower timeframe(up to 1997)but created a fakeout in higher timeframe. We tried buying gold after the break and retest. But H4 did not mange to close above the resistance zone. THe pinbar candle indicates a posible stop to the bullrun. But keep in mind the market is mostly running on fundamentals. So in my opinion gold will fall from the resistance level towards posible 1972, 1953 or as low as 1930 before the bull run starts again.
Gold is also moving between a channel. So it is posible for gold to follow the channel upwards.
Resistance: 1985, 2009, 2025, 2065
Support: 1972, 1953,1930
Triangle Accumulations: The Key to Bitcoin's BullRun?📈 Hey Crypto Enthusiasts,
As we explore the fascinating history of the crypto market, we can't help but notice the recurring patterns that have paved the way for significant bull runs. In 2012, 2013, 2016, and 2019, we observed massive triangle accumulations just before explosive price surges. The question on everyone's mind is whether we'll see a similar pattern before the next bull run. 📊🚀
A History of Accumulation:
In the years mentioned, the crypto market exhibited intriguing behavior. Price action formed substantial triangle accumulation patterns. These consolidations often hinted at a market preparing for a major upward move. 📈🌕
Patterns of the Past:
The symmetry and persistence of these triangular formations, each preceding a significant bull run, have caught the attention of seasoned traders and crypto enthusiasts. 🧐
Will History Repeat Itself?
While history doesn't always replicate, these patterns serve as compelling indicators for what might lie ahead. The crypto market remains unpredictable, but past patterns can offer valuable insights. 🌐🔍
Trading Strategy:
Pattern Recognition: Keep an eye out for similar accumulation patterns in the crypto market. While not foolproof, they can provide hints about future price movements.
Fundamental Analysis: Stay informed about developments, adoption, and news in the crypto space, as these can influence market sentiment.
Patience and Caution: Be patient and cautious with your trading decisions. Utilize risk management techniques like stop-loss orders to protect your investments.
Conclusion:
The crypto market is an ever-evolving landscape, and historical patterns can serve as guides but not guarantees. While the past indicates the potential for triangle accumulations before significant bull runs, it's essential to approach the market with a balanced perspective and a well-informed strategy.
The next bull run may or may not follow the same script, but being prepared and vigilant is your best strategy in the world of cryptocurrencies.
❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
Beware of FOMO: Bitcoin's Rollercoaster Ride & Bullish ProspectsToday, Bitcoin experienced a sudden pump, driven by fake news published by Cointelegraph, only to return to its normal price range, surpassing the 30k barrier in the process. 🚀 This led to a frenzy of FOMO-driven buying and, unfortunately, resulted in approximately $100 million in liquidation losses within just an hour. 😬
This serves as a valuable lesson for everyone—never succumb to FOMO and always remember to 'trust but verify.' 🕵️♂️
Despite the price returning to its usual range, the overall market sentiment remains decidedly bullish. 🐂 The eagerly anticipated ETF confirmation is poised to further fuel Bitcoin's upward trajectory, marking the missing piece for the 2023-24 bull run. 📈
I anticipate this month will conclude with a significant positive price increase, possibly even surpassing the 30k mark. 📅
Regardless of the ETF's approval status, a crypto bull run is on the horizon. If the ETF faces rejection, we may witness a minor price correction, but it won't derail the bull run. 📉
Stay tuned for more updates. Feel free to like, comment, and follow us! 📣
Cheers, 🥂
GreenCrypto
BTC: BIG PICTURE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this important BTC update.
BTC is ranging between FWB:25K -$30k for more than 200 days and currently, it is trading around $26.7k level.
Now, one of the biggest questions in everyone's mind is where we are heading after these 2 years
of the bear market. I'll try to explain in this post.
BTC made a low of $15.5k last year in Nov. month and Imo we won't see that level again. As you know halving is after 6 months and before that, we might see a drop up to FWB:23K -$24k (as you see in the chart).
Perma Bears wants a new low or big crash before the halving and Perma Bulls wants a continuous pump from here but IMO market maker disappoint both of them.
I'm betting on a move towards $ 23.5k-$ 24.5k zone and then a move upwards (for a new uptrend).
Mind it that a wick can even go below $23.5k however weekly candle close will likely happen within this zone itself.
What do you think about this? Share your thoughts in the comment section.
Hope this chart helps you to take better trade decisions.
Thank You!
Bullrun📈 : Gaussian Channels + HalvingGaussian Channels: Defining Price Ranges
Gaussian Channels, a technical analysis tool, provide traders with a visual representation of price movement within specific boundaries.
These channels help us understand Bitcoin's typical price oscillations and set the stage for potential breakout points.
The Halving Effect: Supply Reduction and Bullish Sentiment
Bitcoin halving events occur approximately every four years, reducing the rewards for miners by half.
Halving results in a decrease in the rate at which new Bitcoin is created, promoting scarcity and potentially driving up its value.
Historically, each halving has been followed by a bullish market, indicating the correlation between these events and price surges.
Breaking Bearish Structures: Shifting Market Sentiment
Observing the recent break of bearish patterns is a positive sign.
When a market transitions from bearish to neutral or bullish, it opens up new opportunities for traders and investors.
Combined Signals: Predicting the Next Bull Run
The combined signals from Gaussian Channels, Bitcoin's halving history, and a shift in bearish structures suggest that the next bull run might be approaching.
Traders and investors can use these indicators to make informed decisions, prepare for potential volatility, and position themselves strategically in the market.
Risk Management: A Crucial Aspect
As always, risk management remains a vital component of trading and investing.
The crypto market is known for its unpredictability, so it's essential to have a well-thought-out strategy and use appropriate risk mitigation techniques.
Conclusion: Navigating Bitcoin's Journey
The confluence of Gaussian Channels, Bitcoin's halving cycle, and the shift in bearish patterns paints an intriguing picture of what might lie ahead for the cryptocurrency. While no prediction is foolproof in the world of crypto, these indicators provide a roadmap for traders and investors.
As we look forward to the potential onset of a new bull run, remember that staying informed, adapting your strategy, and managing risk are the keys to success in the ever-evolving crypto landscape. 🚀📊🌐
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