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Bullrun

Kadena - following EW patternSo I've been casually browsing the book "Elliott wave principle" by A.J. Frost (a must have, btw) and came across this sample. Remarkable how similar these two charts are (hope you see it the pic due to me being on a laptop). It's quite striking that the 5th wave isn't done yet. So if this is to be true, profit-taking target, according to the book, is at 1.618 Fib or ~$45. Wave 2 - flat; Wave 4 - zigzag -> meaning EW alternation is valid. Current situation and plan interpretation of current structure is a possibility of us being in the 2nd wave of the first wave in this last leg up. Expecting more downside and hit of the lower channel line. If not, cool.
by Osemka8
BTC starting wave 5 of weekIn monthly i have no idea about BTC because in my idea this at the moment is very sensitive about bubble bursting. But in weekly we can see it just closed wave 4 of week (Elliott wave) and if this is the last bullrun (monthly waves) so i want to see Head and shoulders or Triple top pattern in there. Psychology will be excited if the BTC break ATH 3 times in a shortime and that's what I want to see. Wish you successful trading and control your emotions. Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed. Don't forget click like, it's a hug for me. Thank you!
Long
by BMynameX
IOTA/USDT - Complex overview for USD altcoinsIOTA / USDT (Binance) - A comprehensive look at the trend of altcoins in USDT pairs IOTA is a token that was among the first in my portfolio in 2018. Overall, this is probably one of my first purchases ever, so I always have a bit of nostalgia in this chart. It is not fundamentally bad at all, but at the same time it has not yet delivered a revolution on the Internet in a similarly broad-spectrum Internet of Things (IoT). However, I don't want to write specifically about this pair, but it seems to me to be a good example of an average altcoin in terms of chart. 👌🏻The current altcoin market takes three forms: 1. - Charts such as HNT, STX, SOL, BNB. They recorded tough corrections, but their growth in the previous bullrun was so impulsive that even such a tough market correction failed to send them to long-term PoC structures and their long-term up-trend is maintained (including Bitcoin). 2- Charts like IOTA - Despite strong growth during the last run, they failed to get prices above their ATH and the current market situation sent them to the historically strongest Point of Control levels (in the case of IOTA - $ 0.285) 3. Newer charts like MINA, DYDX and others - haven't warmed up in the market for a long time, they have managed to make nice impulsive structures, but their chart has not yet experienced a bear market. This puts them at a disadvantage, as the structure lacks long-term PoCs as in the case of IOTA or BTC. It is these last 2 types of charts that are beginning to suggest that perhaps due to the influence of LUNA, perhaps only the macroeconomic situation, USDT pairs will have to create longer-term accumulation zones (about 1 year) before a possible next bull run. 👍🏻Still, the vast majority of long-term charts are in sharply declining bullish patterns (most in falling wedges). Although the slope and pattern may indicate the end of the correction, and following a hard pump breakout, it makes more sense to the exact opposite. Of course, strong pumps can come and we will see 100-200% growth in the market again, we will probably have to wait for a new trend to start. - This view may be one of the most basic things on the market and that is CYCLE. Each cycle on each asset of the international financial world takes place in 3 phases. Uptrend / Downtrend and subsequent consolidation. The condition of the enormously declining altcoins is beginning to indicate the bottom. Personally, it would make sense to me to create one short-term low in the form of a wick, which would come after the SL and liquidators of the currently recruited longs. However, I would venture to say that there will be an area of ​​LONG-TERM BOTTOM. ❕Current prices for HODL perspective are more than luxurious, we didn't even dream about it half a year ago, and therefore the period of the coming months is more than suitable for the accumulation of favorites for long-term (HODL) positions. As in every market, only the meaningful will survive, so choose projects that have a product / ecosystem or global implementation. My modest estimate (of course it could be wrong) is that in the next year there will be a chance to take 100-200% profits on the altcoins several times, but we will probably have to wait for some more significant bull run and REAL alt season, maybe up to one year. ✅ Gradually, after creating a new low, I will start to accumulate the HODL portfolio on a large scale. At the same time, we will use this drop to gain middle-term positions with targets of 50-200% and we will try to use the lower volatility on HTF for LTF trades to multiply the USDT portfolio before the re-green year, which could come about 1 year before the halving (the one for so far it is published on August 12, 2024). As a result, we will focus our strategy on next summer. 1D chart:
by Tradify_Seb
Bitcoin Long Term Analysis 💰I want to take a closer look at Bitcoin's price weekly logarithmic chart. This is my view of Bitcoin right now. we look at bitcoin in several ways. 1- Long term channel (purple) 2- Short term channel (green) 3- PRZ - fibo retracement and extention most powerfull PRZ zones: $22000-$23000 and $11000-$11600 4- Head and Shoulders = it's target is about $18000 5- also last ATH (about $19000-$20000) is a strong Support so my buy zones are: $22000-$23000 & $18000-$20000 & $11000-$12000
BITSTAMP:BTCUSD
by Matador7x
3
CRYPTO.COM +200% Crypto.com an exchange token has been following a specific fractal that has been seen in the 2018-2019 bear market for bitcoin. This of course is purely speculation and shouldn't be taken seriously until we breakout of the descending channel, I do believe however that we are coming to an end for this years bear market and personally this is when I will be dollar cost averaging into coins that have big upside potential... CRO being one of them Not financial advice DYOR.
Long
by Redxtra
BTC 22k range first and 93k ? BTC BTC BTC WE START THE ciycle from the (10 dec 2018 price was 3122 $ ) here were wave 1 start and it hit ( 13k$ at 24 jan 2018 ) we had a nice zig zag correction (5 waves down inside wave A followerd by ABC inside wave B followed by 5 waves down inside wave c ) we HAd zig zag correction ABC AND we found the bottum at ( at coved in 16 marc 2020 price was 3850$ ) here we finished wave 2 corrwction and we start a big wave 3 impulsive it end at ( 2021 / apr /12 price was 65k ) AT 65k bitcoing start ABC correction WE call it ( expanded flat correction ) us we can see wave A from the correction start from ( 65k 2022 12 apr ) and it end at ( 2021 / jun / 21 price was 28k ) WE start wave B and it gose above the last ATH and it end at ( 69k 2021 /nove /15 ) AND now we in wave C the final wave off the ( expanded flat correction ) expect this to end at 18-23k range 1- quations why u think this( expanded flat correction ) ? 2- why u think this will go higher ? answers 1- we start wave 1 and have a zig zag correction on wave 2 { that's 70% sine we could have a ( expanded flat correction ) OR ( daignal correction ) } we saw wave B make a new high so that's why this is an ( expanded flat correction ) 2- Awe in 5 impulsive waves sinse 17 dec 2018 we finished wave on wave 2 wave 3 ( and now we in wave 4 the ocrrection wave and it took the ( expanded flat correction ) so if i am right we will se btc hit 90k at less on wave 5 B if we check the RSI we see a falling wedge at the must 70 % this break to the up side ( and RSI is other sold rn ) if we see the chart we can see bitcoing if just drop so hard from wave B from 69k and didn't have any corraction all the way down so that's sine they will come back to 69k market makers they left liquidity up the will go to take it
BITSTAMP:BTCUSDLong
by moad-legend
2
BITCOIN BULLISH SCENARIO 32000 USD?Hello traders! ¿What's going on? As I posted previously, I really doubt that Bitcoin is going to see price levels below 25.000 USD on the next weeks. It would be too much pain and fear for the market. Before a new crash, I think we will see this week a new bullish impulse, reaching price levels of 31.000 USD - 32.000 USD. On the chart, you can see a classic impulse & retracement formation. If the 1H candle closes above the EMA9 we can see a bullish today. If it fails, the scenario is totally invalid. What are you expecting?
Long
by Ometrading
This idea is based on nothing, but it needs no regulationINVESTMENT CONTEXT Joe Biden said Finland and Sweden would enjoy the “full, total, complete backing of the U.S.” as they apply to join NATO Ukraine ruled out ever conceding territory to Russia as part of a ceasefire deal. Andrzej Duda, Poland's President, commented that only Ukraine's parliament should decide the nation's future U.S. stock market indexes recorded their seventh straight week of losses, while earnings from the country's largest retailers disappointed on consumer taste rotation squeezing margins Christine Lagarde said the European Central Bank was on on track to lift its main policy rate back to zero by the end of September. During the weekend Lagarde remarked that cryptocurrencies are "based on nothing" and should be regulated PROFZERO'S TAKE ProfZero welcomes the positive stance that permeated the blockchain space during the weekend, bringing BTC above USD 30.5k at the time of writing, and lifting all Layer-1 coins (with the exception of XRP) even after May 20 trades into deep positive territory. ProfZero already praised the possibly divergent trade that could be opening between the blockchain space and Wall Street - yet it would be reckless to rule out the risks inherently linked to taking positions in the same box-shaped formation already seen in weeks 2-3 of April. The bottom may not be there yet - and ProfZero definitely won't like to be the one finding out Goldman Sachs strategist David J. Kostin joined JPMorgan Chase quant Marko Kolanovic asserting that asset prices now have fully priced a recession - but a downturn is still far from concretely materializing. ProfZero agrees that the selloff has indeed wiped value even where fundamentals were solid (think of high-quality tech like Apple, AAPL and Microsoft, MSFT, or the very same Amazon, AMZN); yet the absence of near-term catalysts to rev up markets is the biggest missing element for a rebound in the weeks and months to come The ECB indicating a quicker-than-expected exit from negative interest rates territory (Q3 instead of Q4) is in fact one of those catalysts ProfZero thinks have not been fully priced by markets as of yet - without evening mentioning the continent's ailing growth As world leaders meet in Davos after a two-year pandemic break, key on the agenda is de-globalization and new "fault lines" in geopolitcs. Speaking of which - whose fault, actually?
CME:BTC1!
by ProfZero