Bullrun
Timing Indicates Crypto and BTC bottom #3 I can hear your comments now "messy charting" etc. this is my proprietary pentagrams and pyramidS TA I used to call bottom on July 20 2021, BEFORE BTC went back above $30,000!! This corroborates with my other 2 posted charts! October 7 ish $77,000 ish !! ERC-20 tips accepted at 0x8aC6A06463733eA4A78B1C5Ee6E5446499f579F9.
BTC ANALYSIS hello traders
Let's analyze Bitcoin and see when the next bullish season starts
First, an introduction on which I will base my analysis and forecasting
Money markets are an endless auction. Price is the marketer, time is the regulator, and liquidity is the fuel that drives price up or down.
Let's apply this to Bitcoin
Second, the value area, which is the area with the most deals
Notice the price movement in this zone, the more the price goes up above the zone, it goes down and back to it, and the more it goes down below it, it goes up and back inside the zone.
After that there was a strong movement and the price rose a lot and in record time. As we mentioned that the price is the marketer and the time is the regulator, the rise of Bitcoin in such proportions and in a short period of time is contrary to the nature of the money markets, the price has become unacceptable and exaggerated, and this happened quickly and suddenly, here there is an imbalance between supply and demand
In this case, if it is a fake move, the price will return to the value area very quickly
And if you are the value of the currency, it will rise, there is a regulation process, which is the price return to the value area gradually, and the rise begins again, and I think this applies to Bitcoin
But why does the price have to go back to the value area before rising again?
Because as we mentioned that liquidity is the fuel that moves the price and that the top area has the largest amount of trades, and it is the only area that has enough liquidity to support the price to rise strongly again.
TLM is Primed! This is the time to stock up while its still lowTLM has been known for some big moves. It used to be $7 at one time. If you belive that BTC will return to the 60k all time high this is a hold because this should also return to hits prior highs and beyond if BTC reaches that magical 100k number people think it will this time.
As you can see (Zoom in) the ribbon cable only needs a very tine push in price to go over it. Its at the best price your going to get going foward. It's broken all prior downtrends and is fresh for the next run. You can double your money if this goes to 0.06 , tripple if it goes to $0.09 ect.... Don't wait to long once volume picks up these cheap prices will be Gone.
Btc Bottom? Elliot wave analysis of bitcoinAccording to my analysis btc complete elliot wave and correction pattern and it is ready to start it next bull run. It is the best opportunity to long term trade.
You can also check that rsi macd and stochastics all are giving the early bottom signal
Please do your own reasearch it is not a trading advice just idea
Is the NIFTY Bear Rally ending?The lines of MFI drawn here are from .... 2015
Yes, thats right, thats how long these things showcase patterns for. Go ahead try it out, its insanely accurate.
This bear Market semi rally should end at 16400 before reversing to 15600. It's enables it to hit the trendline, as well as fulfull MFI (and RSI key levels not shown here)
EASY TRADES
Short NIFTY when MFI >75 AND RSI >65
EXIT when MFI < 30 and RSI < 35
Simple, elegant, and works in all sideways markets.
2 min Homework : Put RSI(14) and MFI(14) on NIFTY and check 2018, 2015, and 2022 charts (non rally years)
$BTC to $26k ?!?! - Re test of Trend Line INCOMING!$BTC along with many alts are in insanely oversold territory. We have seen BTC rally back up and retest the trend line once so far and in the past 2017 we saw 3 taps on the down trend line before slowly breaking through (See chart in 2017 as posted) This doesn't mean we'll see this happen but where we are currently it would not surprise me to see this play out.
Target - $25k - $26k for retest of bear channel trend line
Bullish Sign ?Yo Guyzzz..
think this Matrx oscillator is tellng us something !!
In my opinion, this could be a sign of an upswing, wt do u think ??
I think this is a valuable sign even though this is the weekly chart..
It would be great to write me your opinion about BTC coming weeks stats....
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BTC vs the Dollar Inflation Rate :-)I thought this was an interesting chart Dollar Inflation vs Bitcoin BTC percentage different with the Bitcoin BTC price on top since the start of the pandemic. I used this Date Jan. 31, 2020 since it was short of a worldwide reset of the financial system. It appeared to give about a week notice before the BTC price collapse. I will follow this chart thru the next bull run to see if gives any earlier indicators or not.
Don't worry Deeper Network DPR Crypto i have not forgotten about you. Your just taking to long to play out your Bearish M Pattern and i am getting bored waiting..................................
Path to next halving bull cycle launch April 2024My own plan to follow for the rest of this bear cycle & the coming bull run 2024
Planning to DCA in to alts when BTC hits around 12K price.
I think we are going to that price due to global market conditions & we are still early in a bear cycle to pamp from this current price of 19,800.
Of course consider the ever changing landscape as markets dictate's cryptos direction.
However we all know from the past the real catalyst for the bull run is the BTC halving & that's currently predicted early April 2024
If the crypto cycle plays out as per the past we should be in a major green ATHs around end of 2024 & early 2025.
Plz if anyone reads this its my view of all things considered & you need to DYOR as investing in crypto can be great or terrible.
Good luck & Peace & Love to you from this Aussie Bogan
BTC Month chart from july 2022/april 2024 Theory. If BTC do an Inverse H&S, would play out as going towards $60k end of year 2022, retracing to $30k between the coming months of 2023, consolidating and uprising towards $60k again breaking up. end of target $98k.
RSI, would rise like 2018 meaning we had reach $60k or close to it. then consolidating to areas of not oversold but lower. similar as 2018. gaining momentum as we try breaking ATH. for setting a nice 92/96 RSI
new ATH
BTC-Bitcoin Halving is set for 2024 april 2 or sooner. by that time we should be ready for the bull market, real price discovery might happen 2024.
Reason. we had force selling from miners. china ban./ then having leverage force selling. $$$ on sidelines waiting to play this monthly pattern. not looking at daily or weekly.
Moving Average would act as support for a while during $35k weekly chart. if IH&S plays out.
Final target $130k? then Correction A.K.A Bear market?
RSI lines are for MONTH. ignore Weekly
BITCOIN - Final Shorts ✅Following on from our last post, we indicated that there's a final bearish wave left. We are now on the verge of breaking down for the final time.
Once this bearish leg is completed, we will be looking for bullish price action for the next bull run.
Shorting Bitcoin here will be a bit risky with limited gains to be made. The bigger and better trade would be to wait for Bitcoin to bottom out and then look for buys.
However, if you want to trade the final shorts, approach it with caution.
SHORT Trade Idea:
- Watch for break of red ascending trendline
- Once broken, enter with stops above the recent highs
- Targets: 17700, 16000, 14500
We'll be back with an updated post once this bearish leg is done.
Goodluck and as always, trade safe!