Bullrun
Kadena and Elliott wave ruleSeeing this chart makes me confident we're seeing Elliott wave alternation rule playing out. If one correction is flat, the other is a zigzag and the other way around. Also impulses after a flat corrections are often (but not a necessity) more agressive. In this case it was. Don't expect a degree of same impulse in the 5th wave.
1. To be noted sideways movements happen in a form of flat corrections, triangles etc. and last longer than zigzag sharp corrections. In our case, second wave is a clear running flat correction and lasted longer than a sharp.
2. The other thing is that sharp corrections are deeper than flats. So even if we take this case from COINEX and all the wicks, the flat is still a bit shallower to sharp one.
Hopefully this panic is the bottom. If it is, the most rational thing would be to chop and slowly grind up. We also tested previously untested support. All Elliott wave rules are spot on. We could go lower, but not much more.
Also watch out for the $4,4 price are. If we smash it, it's game on.
BTC - the only macro you needAll Elliott wave laws, thesis, observations are valid and pretty much textbook.
Alternation
wave 1 -> usually completely fades
wave 2 -> zigzag, deepest correction
wave 3 -> most dominant
wave 4 -> sideways expanded flat, long but not that sharp and deep
wave 5 -> most euphoric and normally retail driven
Rising channe
Wave equality? Perhaps That would put the target to cca. $120k if we goin similar to wave 1. But if we are following the channel, top is in at about $200k. Two areas to look for.
What's most important: we have wave 5 in front of us :) In a few months, welcome to mania .
THE ICP STORMHello guys,
Continuing my previous bitcoin's post of buying the dip opportunity. I share with you the altcoin project for which i have the most ambition. In my mind, and that's my own personal opinion, ICP is a game changer, in the alt industry. I'm pretty close to be a BTC maximalist but there is a few project that at i like in the crypto sphere. I let you do your own researchs.
For now let's look at the ICP/BTC chart (cuz it's my job right ?) and i'll not lie, i see a gorgeous trade opportunity for people who trust in the project. I have been waiting for so long to see this pattern finally complete (nearly one year). I'm in for the run. Wish me good luck.
Feel free to comment my idea.
Hope you are enjoying my work, like and follow to support me.
Have a nice day ladies and gentlemen.
As always i'm not a financial advisor, you invest and you trade at your own risk.
LUNAUSD LONG TERM BUY Millionaire year for y’all .. buy it in Coinbase as well do so.
Don’t miss this buy opportunity.. it’s under 1$ the more you hold .. the bigger the spreads will get and the payout will come out very nice
SPX, End of half of century bull run? Lets hope not !Today, I finally decided to publish what I have in mind for several weeks ! End of half of century bull run? Lets follow !
I really did not want to publish this idea since it is really terrifying but, as it is a possible scenario right now I decided to warn readers to just keep this in mind . This will help us to be cautious when opening long positions, to set our stop loss carefully, to not consider every new low as a ((buy the dip chance )) and to try to manage the risks.
As shown on the chart , Elliott wave count on monthly time frame suggests a possible scenario which is not a good one at all !. This scenario shows that a bull cycle started on 1974 may have been completed and we are just at the beginning of the huge correction down to the territory of shown wave IV. This is one of the Elliott waves guidelines which suggests the end of larger degree wave 4 correction in the territory of smaller degree wave 4.
There is one more pessimistic scenario which gives a chance to completion of a 90 years bull run which if true, may GOD bless the market!.
Lest hope this sell of to be just the correction of bull run started after pandemic low . In this case we will see a new ATH after end of correction but we have to keep it in mind that even in this optimistic scenario we are in final leg up of this long term bull cycle shown on the chart and the collapse of the market is inevitable soon or later.
We have FED Meeting in next two days , decision the will make and the path that they will show probably will direct the market in upcoming months.
There is no way to be successful in trading except being realistic and following facts and figures not hopes and wishes !
BTC BREAKDOWN - DAILY CHART ANALYSISHey Traders!
Today i want to show you my BTC Chart Analysis on the daily timeframe.
What happened?
- Bitcoin did break down of the big bear flag and dumped 15% since then and now reached the strong $30000 - $28500 support range.
What do i do now?
- I bought into spot again today with 15% of the margin i want to invest and looking to DCA more into the market if we break down this level.
What happens next?
- If we not hold the $30000 - $28500 range and break down again i will target $24500 - $22000 which i believe will be the really bottom of the current bearmarket. There i will buy a lot and open some long trades aswell.
Trading Ideas
- I will long $30000 - $28500 with dca and a 20x Leverage ( I not recommend using 20x! High risk )
I think that range is a nice entry for a long with a good risk management. Im using 20x because im an experienced Trader but i would only recommend going with 2x-5x here if you want to play it safe.
I hope you guys like my idea :) I would love to see some feedback!
ETH Bottom detectedI know this is so out the box, but I believe in patterns because they are just human behavior and that's just predictable. So I think we are at the bottom, Every time we see a red sell off vol , to me it's a sign of a bull run. So I am 100% bullish. by end of week we are going up.
Never take anything anyone says as investing or trading advice. and never trade or invest more than you can afford to lose, because you could lose it all. Sure we could all get right too. Good luck.
BTC: In depth analysis on bullish potentialRight now we are approaching the yearly low and a liquidation level that usually gives strong reactions at the same time, in my updates I will outline my cases for this as a sustained run beyond 40k, as well as a possible bottom soon
Please see below for the comprehensive analysis
BTC TO 200K?did some research on specific structures that produced the biggest bull runs in btc history , one being about 35k% and another being 12%, we are currently in one of this mega bull run cycles on the weekly time frame.
i did some math to try and get the best price we can run up to, im not saying this will happen at all but given its track record the odds are very high of it completing this cycle at 200k.
CT1!. P-Modeling Pt 2. Cottons of Cajun: A Hyperinflation Story Welcome Hyperspace Travelers,
This is a 1-week time-series model of CT1! Cotton No 2. Futures Contracts.
The purpose of this model is to potentially pick up early warning signs of hyperinflation.
I think I found a juicy early warning sign.
I may of course be incorrect.
If we look at data starting in 1973 we can see a well defined coordinated harmonics string with one big event between 2010 and 2012.
There is a strong probability that a continuously rising cost of cotton is an early warning sign of hyperinflation.
IF.. we continued on the path we are on. THEN... we hit a Strike Target of $220.00. This was the 2010-2011 ATH.
Do we repeat the past?
I say yes. Maybe? I guess? Sure, why not.. Seems logical.
But what do I know?... I just draw irrelevant spirals and lines. Right? Zero Predictive Value. So why attempt or even try? Waste of time if you ask me.
But what if..
Global supply and transportation issues. On the cusp of the next industrial revolution.. finite resources.. extreme weather.. destruction of our planet.. cheap labor shortages.. biggest division of wealth ever... You know this.. Right?
I just look at the same data as everyone else.
Just.. with a different grasp of the future..
Sometimes, I really wonder if we are apart of a simulation.
Is this real life? Or is this a test?
Communicative Cyclic Filters: Rendered along harmonic string.
Are you a test?
Is this just a big test?
Things to think about I guess..
See you soon :).
Thanks for Pondering the Unknown with me,
Glitch420
Bitcoin Analysis, done correcting?BTC has been in a sideways range for a while between roughly 37.000 and 46.500 USDT. BTC dumped 7% after the bearish Supertrend Ninja - Clean signal on the 10th April (red vertical line on the background). Currently BTC is bouncing on support. If BTC holds here it is still a higher low.
The Supertrend Ninja - Clean gave 4 bullish signal (with the biggest 477%). In 2021 it gave 3 bullish signals, with 2 big bullruns (32% and 41%). In 2022 it gave 3 bullish signal.
Let's have a look at the other indicators. The Stoch RSI is in oversold levels, pointing upwards. K is above D, which is a good sign.
BTC is still in the Bearish Zone of the Ichimoku Cloud, which is bearish .
The RSI is range bound at 44 (40-60).
If we take a look at the Average Directional Index ( ADX DI) its bearish. The +DI (Green Line) is below the -DI (Red Line). While the Trend Strength is becoming weak. Since the ADX (Orange Line) is below its 9 Period EMA (Black Line).
Currently BTC is also below its Bollinger Bands Middle, Band Basis 20 Period SMA and the Least Squares Moving Average ( LSMA ). Which are bearish signs. Going down here, the next support is at 36.500 and 34.500 USDT. Supports and Resistances are highlighted as grey blocks.
Conclusion: BTC continues moving sideways or going downwards.
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Use:
In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.