ETHBTC: Bitcoin will outperform Ethereum unless this line breaksThe ETHBTC pair on a 1W basis has been trading sideways this past month. The 1W MA50 (blue) is supporting. With also have another two rising Support levels, the Higher Lows trend-line A (started on Dec 26th 2016) and the Higher Lows trend-line B (started on December 23rd 2019).
The Resistance Zone since May 10th 2021 is holding and only if this level breaks, can we see an immediate rally on ETHBTC. Until we do, it is more likely to see Bitcoin outperform Ethereum as the candle action since March 2022 is similar to the one from September 2018 - May 2019. The 1W RSI is a testament to the repetitive nature since March 2016.
If we get a repeat, that would make a bottom on Higher Lows trend-line A and then steadily rise on Higher Highs and Higher Lows.
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Cryptos
BITCOIN The 5.3 is the magic number on every cycleThis is a breakthrough on Bitcoin charting as we've discovered the constant that is needed on each Cycle in order to calculate the gains of the next.
As you see Cycle 1 had 32700% gains. Cycle 2 gains were Cycle 1 gains (32700%) divided by the 5.3 constant = 61700%. Cycle 3 gains were Cycle 2 gains (61700%) / 5.3 = 11640%. Cycle 4 gains were Cycle 3 gains (11640%) / 5.3 = 2200%.
As for the bottom, it has been historically at or above the 0.382 Fibonacci level. That was at 20k and has been breached since June. Once a bottom is found we can again use the 5.3 constant to calculate the gains of Cycle 5!
Where do you think it will top and where do you expect the current bottom to be at?
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BITCOIN should start outperforming NASDAQ againThis is the BTCUSD/NDX ratio of Bitcoin against the Nasdaq on the weekly time frame. With Bitcoin suffering 2 weeks ago from the FTX crash, Nasdaq heavily outperformed the digital currency but last week a first attempt to balance the ratio was attempted and the price closed above the rising trend-line (Higher Lows) starting from the December 2018 bottom of the previous cycle.
This is a crucial support and if it holds it will be the new buy opportunity for the long term before Bitcoin starts to heavily overperform against the Nasdaq again. The Resistance that has been rejecting it since June is the 1W MA200 (orange) but the key level to break and turn bullish in all bull markets is the 1W MA50 (blue).
If broken, it would mean the accumulation is over and our firm will target the red Resistance Zone, which during the 2019 run it stopped the first wave of heavy buyers. Pay attention to the RSI as well. Holding what was previously a falling Resistance of Lower Highs, as the new Support, will be taken as a bullish signal.
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BITCOIN: Entering an accumulation phase. Real rise Q3 2023.Last week's flash crash due to the FTX event could be the last major price fall during this Bear Market. The Cycle's Falling Wedge has been printing the same RSI pattern as the Falling Wedge of the 2014/2015 Cycle. If that's anything to follow, then Bitcoin might have just completed step 6 with the FTX crash and might have just entered a long term accumulation period.
That period on the 2014/2015 Cycle ended when the 1W MA50 (blue) broke in October 2015 and the real rally started. If it plays out the exact same way, then we shouldn't be expecting a real rise on Bitcoin before the 3rd quarter of next year (2023).
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ADABTC can drop hard if the 1W MA200 is compromised1W chart representing the ADABTC pair on the current and previous Cycle. There is a clear Resistance and Support Zone and based on where the Stoch RSI is following the 1W MA50 (blue) rejection, we are expecting a strong drop if the weekly closes below the 1W MA200 (orange). If it is unrealistic to expect ADA to lose so much ground and revisit the Support Zone, then based on the Fibonacci levels, we can aim at the -0.13 extension (0.000009).
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Gold will stall/revert to near $1708 before moving higherI know many of you are very interested in Gold/Silver, but you need to understand the dynamics of price, expectation, and the unwinding of risk.
The current move higher puts Gold/Silver into new Fibonacci Bullish Trending. This is what we've all been waiting for.
But, the move upward from these levels is going to be staggered/legged by bullish and bearish price waves - just like price always advances or declines.
The peak for this current move is very near the current highs ($1780).
I'm here to tell you I expect Gold to retrace to levels near $1705~1709 where it will establish a base for the next advancing price trend (targeting $1920~1935).
Get ready. Everything I've been sharing with you over the past 2+ years related to broad market cycles is taking place.
The US Fed has inadvertently trapped foreign markets and speculative cryptos in a blackhole that may pull many into oblivion. I believe this inadvertent move will result in a "new normal" that may reflect a massive debt destruction phase.
Right now, it is too early to tell how this will all play out. But I do believe Gold/Silver are the global base of REAL VALUE going forward (as they have always been).
Follow my research.
FTX = South Seas Trading Company 2022Could it be the great Crypto experiment of the past 8+ years is nothing more than a Vapor-Ware experiment to exploit the greed from their wealth?
Remember the 1700s South Seas Trading Company? Remember the story of "great riches" to be had by exploiting the spice trade in the South Seas?
Thousands of people piled into these shares after incredible stories of great riches to be had for the taking.
The "greater fool" theory continued to play out - even after information came forward to show the South Seas Company was falsely stating revenues/operations.
Eventually, it collapsed (along with dozens of similar scams).
Are we seeing the same thing happen in the Crypto space in 2022?
BTCUSD: Going full 2018 collapse? Is below 10k next?The latest FTX - Binance news are hitting the crypto market very hard since yesterday and the price was aggressively rejected on the 3D MA50. This will not be the most popular analysis among crypto investors but this has started to look a lot like the final stage of the 2018 Bear Cycle where after failure to break above the 3D MA50, the price broke below the June - October Triangle and collapsed almost another 50% to the 1.186 Fibonacci extension.
The similarities are astonishing as again in 2022 we are having a June - October Triangle, which just broke to the downside yesterday. A 47.50% drop from the June bottom would be $9400, while the 1.186 Fibonacci extension is at 8300. The RSI breaking its rising support (Higher Lows) on both occassions, confirms the breakdown.
Hard to believe but a new Low within the 8300 - 9400 zone is technically justified. Do you have an argument against it? Let's make a constructive discussion in the comments down below!
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The overall market capitalization may be renewing lows.In the chart, the maximum volumes go through the highs. We can see the honeycomb, the upside. Everything tells us about a possible renewal of the low. And then we will see the realization of the plans of MM. The sharp impulse up or "liquidate" all those who want to buy.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
Simple RSI/FIB Price System - BITCOIN BULLISHI've taught this system to hundreds of people over the past few years. It is a simple HIGHER HIGH/LOWER LOW system based on RSI 60/40. It is great for making decisions about longer-term trending and you can apply short-term technical analysis tools to 4 hour or other intervals to catch shorter-term trends.
BITCOIN is BULLISH using this system.
In fact, I would not be surprised to see $29k to $32k before the end of 2022.
The BASE/BOTTOM appears to be already in place and now we are simply waiting for some of that Christmas Rally momentum to push BITCOIN higher.
Follow my research and learn how I can help you stay ahead of the biggest market trends.
CORZ - the patient is not well at all.
One of Core Scientific's biggest miners is facing bankruptcy - the company has no way to meet its financial obligations.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Take profits out in fiat and make yourself and your loved ones happy.
DXY- Beariish Movement - BARR TOP chart patternGood example of a bump-and-run reversal. Prices move up along the
trend line in the lead-in phase, jump up during the bump phase,in this example with a second bump maybe, then crash down
through the trend line during the downhill run. could be new rallye starting for crypto
Bitcoin will rally as the 2022 Christmas Rally Takes StartsGet ready. Bitcoin will follow Tech/NQ as the Reversion Rally takes place over the next 4+ months (probably lasting well into Q1:2023).
I expect Bitcoin to rally to above $29k - possibly reaching as high as $35k.
My research suggests the US/Foreign markets are about to enter a Reversion Phase (rally trend) after nearly 12+ months of global/US selling pressure. Bitcoin should follow the Tech/NQ Sector higher over the next few months.
We should be looking for confirmation of this bottom/base over the next 4+ weeks. We need to see recent lows hold up and a moderate rally take place before November 12th.
This could be a decent rally for the US/NQ/Foreign markets if the US Dollar slides sideways/downward.
Follow my research
ETH Can Outperform BTCSince the start of September, bitcoin is doing better than other cryptocurrencies, which is not a surprise since we identified end of a five-wave cycle up from June lows. Well, this five-wave cycle is bullish for cryptos; but a trend that may resume after A-B-C down is completed. For now that's not the case yes, but when this ratio will start moving up, that is when crypto bull run can be back. For now, however, there is room for more weakness until we reach wave C projections, at 61.8%.
Ethereum is also still in a corrective phase, with room for more weakness after B rally.
From the price action I see, I assume that ETH can do much better than BTC once the crypto market will turn around. But for cryptos to turn we will also need stocks to stabilize and USD to come down, which will depend on FEDs policy decision.
Hawks should slow down a bit for trend to change.
Trade well,
GH
$FUND.X Unification The live Unification price today is $0.310691 USD with a 24-hour trading volume of $231,737 USD. We update our FUND to USD price in real-time. Unification is up 33.92% in the last 24 hours. The current CoinMarketCap ranking is #749, with a live market cap of $10,702,498 USD. It has a circulating supply of 34,447,402 FUND coins and the max. supply is not available.
If you would like to know where to buy Unification at the current rate, the top cryptocurrency exchanges for trading in Unification stock are currently BitForex, ProBit Global, Poloniex, and Binance DEX. You can find others listed on our crypto exchanges page.
Unification (FUND) is a cryptocurrency . Unification has a current supply of 120,000,000 with 34,447,402 in circulation. The last known price of Unification is 0.31070117 USD and is up 33.85 over the last 24 hours. It is currently trading on 10 active market(s) with $231,408.11 traded over the last 24 hours.
Round 2 for Bitcoin? A Rally to $25k, then possibly $35k?I'm starting to think capital will aggressively move into speculative safe-haven assets (gold/silver/platinum/bitcoin) over the next 4+ months as the global markets address Fed, stock market, credit/debt risks.
If this is the case, then the $18,975 level becomes a critical line of support.
Not that the Fed has fired off its round (rate increase), will capital move away from certain sectors and start rallying into safe-haven assets?
Time will tell...
Called it Perfectly. August 27 till now - LOVE IT. Were you following my research? On August 27, 2022, I predicted Bitcoin would fall to below $18,800 near a critical inflection point (9-6~9-8), then form a quick base and begin an incredible new rally phase up to $35k to $30k.
Watching Bitcoin move downward and struggle near the $18,800 level was incredible. I posted a comment that we should see Bitcoin begin a new rally phase very quickly on Wednesday (9-7).
Waking up today to see Bitcoin +$1700 and seeing the size of this rally phase confirmed my analysis was SPOT ON.
All of this was done with my ADL predictive modeling system. It can be an incredible resource when interpreted accurately.
Stay tuned; more to come - and keep an eye out for the $30k+ range/top for Bitcoin.
Bitcoin should be very close to a major bottom right nowMy analysis suggests Bitcoin needed to move below the $18.9k level in order to setup a new momentum base - then launch to levels above $25k (possibly targeting $30k or higher).
I suggest Bitcoin traders start to look for a base/bottom setup below $18.8 (if possible) as I expect a very big rush to safety taking place over the next 60+ days. I believe this flight to safety will be the result of some geopolitical event - not a Fed event. Possibly China/Russia or somewhere else.
My research suggests the second half of 2022 is highly likely to include a major cycle inflection trigger. Watch OIL, GOLD, SILVER, US Dollar and other major indexes.
Something very big is going to hit between now and the end of September 2022.
Bitcoin should start to bottom and then move above $23k fairly quickly - possibly within 10+ days.