Bitcoin technical analysis _ 2023-12-19Long position
After breaking the 43334 resistance
Entry: 436000
Stop Loss: 42890
Risk Free: 44312
Save profit 1:45100
Save profit 2: 45750
Save profit 3: 46440
Save profit 4: 47145
Profit limit: 48000
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Short position
After breaking the 4790 support
Entry: 40,500
Stop Loss: 41330
Risk Free: 39670
Profit limit: 38300
Cycle
Bitcoin New Bullish Cycle IncomingHey, its Dalin.
When we look at stocks during the internet bubble crash of 2003 they appear to make the same structure as many cryptos today.
Bitcoin is just one example of this. We see the same pattern with Uniswap and many others.
We can utilize this cycle and position ourselves properly for the next wave.
A new cycle could send it to un-imaginable prices.
Lets make sure we take advantage of this opportunity!
- Dalin Anderson
BTC 2.0 PREDECTION From $0,10 TO NEW ATH $1.59 - 2023Thank you for taking the time to review our update. It's essential to emphasize that the following information is not intended as trading advice,
The max supply same as BTC 21M and the TA trends will make this coin able to break .
BTC 2.0 demonstrating significant changes in trading volume, representing a new cryptocurrency with inherent high-risk However, if BTC 2.0 manages to sustain a value of $0.08 or higher, there is the potential for upward momentum and a potential break on low time frame.
We expect that BTC 2.0 is able to gain from the target $0,10 to $1.59 in 2023
Our low time frame with the first TARGET $0,20 and main update.
#Nottradingadvice
#For day traders take always profits when market increase
Gold, Don't "fall in love" with its 2080 +/- again. 4/Dec/23XAUUSD currently forming a "unfinished" long tail daily and "finished" long tail 4 hour "scary" pin bar for "Gold's Bull Chaser"! BUT, but.. the "Red Bull" probably only "exhausted" on New York Session @ 2150-2160 +/-. (Detail on next lower time frame chart )
BTC - Comparing Previous Cycles ♠️Hello TradingView Family / Fellow Traders,
📊 Monthly Chart:
If history repeats itself, as seen in previous cycles, BTC is currently breaking out of the correction phase, and the impulse phase has already begun.
📊 Weekly Chart:
Consistent with past cycles, it is evident that BTC tends to retest the red zone before preparing for a parabolic upward movement.
Therefore, be prepared for a potential bearish correction before the bulls regain control in the medium term.
This bullish scenario remains valid as long as the red zone (30,000) holds, signifying no weekly candle close below this zone.
What are your thoughts?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Gold's 190 years chart since 1833. 24/Nov/23Gold. we are at muti year triangle = sideway now, this triangle probably only completed by 2025 as we are still at wave (c)(blue) of the triangle on monthly chart ( pls refer to zoom in pic).
P/s. 99.9% of Elliotticians ( traders who practise elliott wave ) hardly achieved consistent waves counts as 99.9 following "textbook" written rules that 1,3,5 impulsive waves consist of 5 waves BUT in "fact" it consist of only ABC subwaves.
Gold is on Bullish triangle, so we'll see 2065 +/-. 22/Nov/23XAUUSD, by checking its internal Z-factor (speed) GOLD is probably forming a bullish triangle, currently its price is moving down toward wave e (green circled) of triangle... Hence gold's price probably will reach 2065 +/- by mid of December.
🔥 Bitcoin: The Best Next Cycle's Top Forecast 🎯Foreword
In this analysis I want to make an attempt at forecasting both the date and the price range at which Bitcoin will top at in the coming bull-cycle. The forecast is 100% based on historical data and is based on math and not on feelings, so be prepared to see some numbers and formulas.
This analysis is speculative in nature because we're forecasting the price of an asset around 2 years into the future. So take it with a grain of salt.
Halvings
The yellow dotted lines are past and future halving dates. For the last two halvings, Bitcoin has topped (green) between 74 - 78 weeks after the halving. The next halving is scheduled around 22 April 2024.
Bottoms
The red dotted lines are past bear-market bottoms. For the last two cycles Bitcoin topped 151 and 152 weeks after the bear-market bottom.
Monthly RSI
Based on this analysis BTC will top between 47-49 months after the top. In short: between September and November 2025.
Forecasting the DATE
Applying the logic of the two historical analyses above, we can make the assumption that BTC will top around 152 weeks after the market bottom. Assuming that the bottom is in, this brings us to early November 2025. This would be 79 weeks after the 2024 halving. Looking at the time between the halving to the top, this ranges from 74-78 weeks. All of the above is in line with my Monthly RSI analysis.
Combining everything above, we can forecast that Bitcoin will top between late September and early November 2025.
Log Price Bands
In order to calculate the price we make use of my Logarithmic Price Bands Indicator. I've removed the bottom two bands since we're only interested in the top band, which forecasts the top. The top band is based on a complicated exponential formula that gives a certain Price (Y) for a certain time (X).
See this indicator for more info.
Forecasting the PRICE
By filling in the dates of late September 2025 and early November 2025 into the Log Bands formula, we get a lower and an upper band of the price. This price ranges from 171k - 250k.
This is the best forecast that historical price action can give you, although we had to make the assumption that the coming cycle will follow a similar path as the previous two, which is not far-fetched since the asset has matured more.
Conclusion
Date: late September - early November 2025
Price: 170.000 - 251.000
The macro environment has changed a lot over the last two years, so I'd be happily surprised if this forecast turned out to be true. Personally I'm more conservative than this analysis suggests because of interest / inflation / recession.
Still, this analysis is 100% based on historical facts and the best factually correct forecast I can give at a next cycle's top.
Please share your thoughts on this analysis. Also interested to hear your predictions! 🙏
US 10 Years Bond Yield 233 years old chart since 1790. 14/Nov/23US 10 years treasuries yields long term chart since 1790 is forming an expanding flat pattern ABC (Red), where it probably just completed wave II ( Blue Circled) = the first pullback of long term downtrend impulsive C wave ( Red )( further detail in next lower time frame chart ).