#BTC cycle analysis, where will it top? Hey guys i try to share my idea behind this chart in this one
sorry for long rant :)
also at the end video was cut cause of 20 min limit, was just trying to talk about how Pi cycle indicator is significant in past & how it had marked tops in the past, we are nowhere close to it so just few things to keep an eye on
Bullrun
ALTCOINS TOTAL3 Altcoins have struggled in the last 5-6 months since BTCs slowdown.
Some alts are down 80% from their highs but are now displaying a promising pattern for the bulls. The chart shows the daily support that intersects 3 points that make a head and shoulders pattern. This H&S pattern is an important reversal structure that if gets completed would signify the bottom of the downtrend and the beginning of an uptrend.
Since this H&S reversal TOTAL3 has flipped the 1D 200EMA and is now at diagonal resistance. Should this resistance be broken and accepted above as well as the WEEKLY S/R then the next target is DAILY RESISTANCE. This would be great for smaller can alts especially the newer projects that have not experienced a Bullrun yet.
In terms of a trade setup. I would place an SL below the local low as this would be a trend break and could signify a further sell-off.
Take profits @ DAILY RESISTANCE, $720B & $780B.
BTC - Don't Worry, You can still Catch the Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been overall bullish , trading within the rising wedge in orange.
Currently, Bitcoin is in a correction phase, so the lower bound of the channel would act as support.
Moreover, the 80k - 82k zone is a strong demand and round number.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower orange trendline.
📚 As per my trading style:
As CRYPTOCAP:BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Solana - We Will See A New All Time High!Solana ( CRYPTO:SOLUSD ) is preparing for an all time high breakout:
Click chart above to see the detailed analysis👆🏻
After dropping -95% in 2022, Solana then rallied an incredible +2.000% and retested the previous all time high. Then we saw a quite long term but tight consolidation and just two months ago, Solana retested the lower support again. It is just a matter of time until we will see a breakout.
Levels to watch: $120, $210
Keep your long term vision,
Philip (BasicTrading)
Everyone selling GOLD to buy Bitcoin???Hey guys! New trading week is here, and we're entering market with Bitcoin ATH.
Today I want to talk a bit about gold.
And here are some interesting moments. First time since April we finally can see MA cross on a daily chart, and price of Gold is reacting with a big red candle.
Also, as a confirmation, we can see that the volumes are descending and RSI is heading to low edge.
Seems like after BTC ATH some money are flowing from Gold to Bitcoin. The target by Fibo can be zones 0.5 and 0.618.
What you think, guys, is really people starting to reinvest money from real gold to digital gold? Let's discuss
PS. If you're planning to trade the movement, follow the risk ratio, which I marked.
Bitcoin Wait for a good longThe bullish case is strong, but proper risk management is essential if you're looking to go long. The current market is heavily overleveraged with long positions, causing sharp wicks and rejections, typical of a bull run.
I plan to wait and open a position at $60,750, keeping in mind that the price could drop further to $57,700, where I also plan to enter. However, don’t sleep on that level—it might be the last opportunity to open a long at a good price!
BINANCE:BTCUSD
Doggy Style- I mostly use some specific projects to try to predict the next " Altcoin Rally ".
- I typically use Cardano or Doge because they are older and I can use indicators from earlier times.
- Yes doge is meme, but all altcoins are also Memes until they have a real use case right ?
- so you remember this BTC post i made in 2022 ? ( please check it )
- So this is almost exactly the same but with this graph i use :
- Tenkansen ( Yellow line )
- SenkouSpan ( Green line )
- so now check the compressing descending trend.
- check now both lines ( Yellow and Green ).
- Notice when the yellow line cross down the green, we go bear.
- Notice when the yellow cross up the green, we go bull.
- So what we can deduct? - Altcoins are not yet Bullish.
- But remember Altcoins will go parabolic at one point and you want to be there!
- When? - anyone knows the exact date but you need to understand " The Delay ".
- i will post in comments same chart but i will use BTC with same technic and you will get that BTC is already bullish.
Happy Tr4Ding !
Hey SPYLOVERS ! Enjoy the Bull Ride !!!! Election Week and Interest Rate Cuts Did Not Disappoint Us at All
The truth is, it was a very difficult week to predict price movements. However, out of the two possible scenarios I shared last week, Scenario #1 was the winner, and it was the one I had the most confidence in!
At this moment, the price is in "no man's land," meaning there is no historical price data on the chart where we can find a level for the price to hold or replicate its movement. In this case, I believe that, from here on, the price will move based on upcoming economic news or as we approach the date when President-elect Donald Trump will officially become the President of the United States (POTUS).
Let's enjoy this bull run that is happening—these are important times for the country, and we need to take advantage of those swings!
Best regards, and thank you for supporting my analysis. See you next week!
BTC - Bullish Phase Confirmed!Hello TradingView Family / Fellow Traders. This is Richard.
🗒 Do you remember this post from 2023?
and this post from last month?
📌 It is confirmed. Pattern 1 Activated after breaking above the red channel and 70k.
❗️N.B. Always remember, nothing moves in a straight line, so we might see a correction (in the form of a higher low) along the way.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
🗒 All strategies are good, if managed properly!
~Rich
Bitcoin projection for this bull runLooking for short positions at the upper limit , that is when i usually enter short.
Around the 91k region there is a resistance.
I expect a 25-30% correction from that region. After that bull run will resume its run and stop at around 115k .
It can go higher ,nobody knows how high it can go but this is what trendlines are telling us.
Crypto Bull Run: Unveiling the First StageAfter a year-long bear market, cryptocurrency prices enter a consolidation phase at the bottom, lasting approximately 500-700 days. If the price breaks through this consolidation resistance, it could experience a bullish move of 100%-300%, This pattern occurs once every four years in the crypto market.
Currently, most cryptocurrency prices are breaking out of their consolidation phases and experiencing 100%-300% moves. This marks the first stage of the crypto bull run.
I will share the example charts below.
Regards
Hexa
Dogecoin - Get In Now Before It Hits $10!Dogecoin ( CRYPTO:DOGEUSD ) is about to repeat another bullish cycle:
Click chart above to see the detailed analysis👆🏻
Dogecoin just broke out of the previous bear market triangle pattern and is starting its next major bullrun. Looking at market structure, price action and previous cycles, Dogecoin could even hit two digits after is manages to break above the all time high. You know what's possible.
Levels to watch: $0.1, $0.2, $0.5, $10
Keep your long term vision,
Philip (BasicTrading)