Peak
Bitcoin 2022 peak/blowoff top based on Fib pointsto get to this possible Expanding Cycle Theory mentioned by Nicolas Merten on Datadash Youtube channel I am taking a different approach to see if this theory has any teeth to it and apparently it does if applying Fib points to it. I am using the Schiff Pitchfork and also the Fib Channel as points to give me the most number of touches on Fibs as possible. All the hand icons are pointing to touchpoints on the Fib channel which are numerous and also using the Schiff Pitchfork as a future peak for BTC. When we look at the November date for this peak we do see an intersection between the Fib channel and the Schiff Pitchfork pictured by Sun in yellow. This price is about $165,000 which is close to Nicolas"s $150k price projection. If we also look at the top of the Beam band we can see that there is a good possibility Bitcoin could hit over $300k if we visit the top of the Beam band as well.
Of course this is speculative as Bitcoin could achieve this peak into the 2023 year as well, we really don't know for sure but it is interesting to see what is possible with Fib points.
Bitcoin's Supposedly Blow Off TopThis is the real photo in scale. The chart when posting the idea made the bar patterns all skewed.
Hi everyone,
Thank you for considering reading my idea. Please note that this is just my opinion.
I think the reason why Bitcoin didn't get a blow off top (IF April was supposed to be the peak) just like what happened in 2013 and 2017 peaks is because we had a series of distribution at 64k. It is possible that retail FOMO came in batches and not in one whole batch. Obviously, this is not how it works but let's assume we connect the green boxes together, then the red boxes together. We would have a $120,000 per Bitcoin peak.
The 69K we experienced back in November 2021 could be the relief rally of that 120k peak. If we also get this peak, the bear market pattern (see related idea below) would have made more sense.
Of course, past is past and let's move on. But would you have considered this peak? What other things would have happened or would have NOT happened if we get this peak? Please leave your thoughts below!
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
Time to short USDJPY!?!?We're at the top of a large expanding wedge, could be a reversal pattern for the longer run in itself.
Also nearing very long term resistance on the weekly chart from as far back as 1998, might not be there yet, we'll see.
This smaller wedge at the top here is similar to other peaks with the descending resistance.
I'm starting to add small sell positions, as long as this resistance holds.
Who wants this money??
XRP peak based on the Expanding Cycle Theory 2022As many of you know I am now considering that we may have a possible change in the bull cycle pattern. I have always believed in the typical 4-year cycle pattern for the Bitcoin peak based on the 4-year halving but now I am starting to lean on this possible new theory. If you look up Nicholas Merten (youtube channel called Datadash), he explains this theory with actual numbers and key top metrics to give you a possible outcome on an extended bull run well into 2022. I am including an ascending channel that XRP is respecting with an obvious support line at bottom of this channel. You will also see a top part of this channel that if we touch will give XRP a value of approximately $349.00. Please take note I am using a fractal from the 2013 bull run when XRP went from $0.005 all the way past $3 which shows a staggering 52,000% increase in price. If we take this and calculate at the present low in the bottom of this channel and take it to the top with the same percentage of 52k% gain then we will see a possible $349 XRP price for the end of the bull cycle 2022.
Please note that this will be greatly influenced by the completion of this SEC trial that Ripple is currently going through right now. Never invest what you are not willing to lose.
Kin on peak based on Expanding Theory 2022Ok guys, based on a possible change in the Bitcoin cycle (look up Bitcoin Expanding Theory by Nicholas Merten/Datadash) I am going to update my Kin chart based on this expanding theory going into November 2022. I have a high of $0.01 for Kin but it could go higher considering that Bitcoin could hit a peak between $300k-$500k. This is a 3-day chart with a Cup and Handle pattern. Let me know what y’all think.
All 3 bull runs combined for Bitcoin topHere is an interesting configuration that shows all 3 bull runs combined to a top of 200k on or near January 3rd. In regards to Fibonacci, I believe that could be the peak price. Also my reasoning for the date is how Bitcoin tops move to the next moon phase for each bull run. The orange is the 2013 bull run, the blue is the 2017 bull run, and the yellow is the current bull run when it began. Now it’s interesting to note that this bull runs prices have not closed a day below the 2013 orange line as it is aligned all the way back to July. It almost acts as a strong support that causes it to bounce hard at lowest prices! And as of today, it’s finally touching the orange, which has always proved a great bounce is coming. As weeks go by the prices merge tighter together, offering a potential price range we can expect over time.
Bitcoins Top is Before December 22ndI’ve seen many reasons for Bitcoin to top before this date and here’s one of them. So what I do for this example is take the amount of days from mid bottom of every bull run to the last day before significant dropping near or at the peak. So in 2013 it was from July 3rd -December 5th (153 days). In 2017 it was July 16th - December 17th (154 days). Now I believe Bitcoin will top on or before 155 days from bottom to top: July 20th - December 22nd. You’ll also notice diminishing returns every bull run, only achieving around 55% of the performance of a previous bull run. So I believe 200k will be the peak on or before December 22nd. Good luck!
Kin 2021-2022 Bullrun projectionI am using the Trend Based Fib Extension so that we can get an idea of where Kin could possibly hit certain price zones based on fib numbers. Of course, this could be wrong but Fibonacci zones are crucial in making some kind of connection with a future outcome. I am still bullish on Kin reaching a possible $0.01 price target but more conservative at $0.005. Notice that I have February as the possible sell-off dates for Kin and I base this on the previous historical information on the bear cycle from 2014 and 2018. When we reach a peak for Bitcoin the Altcoin go absolutely parabolic and this is what I see happening in February if Bitcoin Peakes out on January 3rd of 2022. What we do know is that when Bitcoin peaks out we usually have between 3 to 4 weeks of parabolic price moves in the Altcoins.
PKK to $17-18 in NovemberFollowing a rocky start after an uplisting and delisting from NASDAQ, PKK has been checking all the boxes in every other metric and has been hitting it's bull flag targets since the first run from 35 cents. Despite the pullback after losing the NASDAQ listing, we retraced only a little more than the historical 57% after every bull run and the hit we took after the de-listing ended up basically just printing another flag.
Golden cross on daily two days ago as well as crossing over the 200MA on hourly timeframe since the beginning of the pullback and yesterday and today we are testing the top of the band with uplisting news expected today.
Looking for $17-18 by end of November.
2021 Bitcoin peak possibilitiesI am using two fractals to show us how Bitcoin may move in the next coming months. If we hit a peak in October or December this is what we could be looking at. using the Beam bands, fractals, Time zone Fib and Trade Genius research info to accomplish this chart and my own wits as well.
RARE Wyckoff Distribution + PERFECT HarmonicWhat we are witnessing is the imminent stage of a distribution cycle happening before our eyes. Two of the great minds in charting, Wyckoff and Scott Carney's theories are put to the test. There are two differing bearish structures that are indepent of each other and authored by different people, but are currently simultaneously visible on a large timeframe, the 12h, at the same time. This is what we call confluence - several indicators and/or confirmations lining up conjunctly.
Refer to Wyckoff's Distribution Schematics that you can find on the web to correlate the ABCDE phases with the current price structure on your own chart. I left it out on this chart as to not clutter it.
For the short term, I expect a run-up to 49.2k ~ 51.2k before we collapse much lower. I will make a seperate post about this, as I have found a harmonic pattern on the hourly timeframe to confirm this.
For my accuracy, please click my profile and see my previous posts. Good trading wished to all of you, frens.
Bitcoin peak for 2021 using FIB time ZoneIf you can watch Trader Genius and his video titled "Another indicator of the next Bitcoin top"
What I did was I used the Fib Time Zone and plotted them using the RussianBear metrics and Low and behold came up with a date of December 26th for 2021 as a key date. Could December 26th be the next Bitcoin peak? I don't know but it is somewhat compelling and would make more sense to me given that all previous Bitcoin Peaks were on the month of December for 2013 and 2017. Could it not be that we will continue this trend into December 2021 for the 26th based on a Fibonacci time zone point?
Let's see what happens.
here is the video by Trader Genius
www.youtube.com
Bitcoin headed to a $307,000 target or higherUsing Beam bands and Fractal we can see there is a good possibility that the mother of all coins could reach a potential and mesmerizing $307k by the peak for its run in 2021. If the metrics used by Trading Genius are correct then we could see BTC peak out at either $307k or higher depending how high we breach the beam bands. This Fractal should help with what it could look like path wise.
An idea of when BTC will peak, Spring 2022This idea is based on the presumption that Bitcoin is currently in a repeating 2 peak cycle, with a 1 peak cycle following it. In 2013, we had the first example of this, followed by 2017.
Now, we may have the same pattern happening.
However, I have noticed the time factor has started taking around 1.68x longer.
You can look at the on chain metrics like Puell Multiple, or HODL Waves, and notice the pattern is stretching out as time goes on.
It seems to be pretty accurate around 1.68x.
So with that in mind, I believe instead of the 7 month stretch we saw in 2013, we will see a 11-12 month stretch before peak 2 in 2021. 7 months x 1.68 = 11.76.
This is already visible in the red candles.
We had 6 green monthly candles up to peak 1, just like peak 1 in 2013. But instead of 2 monthly red candles.. We had 3. 2 x 1.68.. is 3
We are currently on green candle 2, so I would assume another one, if we follow a similar pattern.
Long story short, this ends the 4 year cycle respectively, which started out as a 1 year cycle I believe, and wsa able to hide itself in 4 year multiples for long enough. IF I am right, BTC wont peak until February to early March.
Just a thought.
Indicator introduction: Custom Volume - Periodic Peaks & TroughsThis script is a custom volume indicator with additional features.
But why is this useful?
The minimum and maximum volumes, in different time periods, are displayed by labels below the bars. I call them "Peaks" and "Troughs"(Hover your mouse cursor over the labels to see more details)
These parameters are widely used in technical analysis .
If traders want to confirm a reversal on a level of support–or floor–they look for high buying volume . Conversely, if traders are looking to confirm a break in the level of support, they look for low volume from buyers.
If traders want to confirm a reversal on a level of resistance–or ceiling– they look for high selling volume . Conversely, if traders are looking to confirm a break in the level of resistance, they look for high volume from buyers.
How to use alerts
Note that by creating an alert, an instance of the indicator, with all your settings, will be activated on the site's server and alerts will be triggered by it.
After that, changing the indicator settings on the chart will no longer affect the alert.
Open the settings window and select the alert conditions as you wish
Click the Create Alert button (or press the A key while holding down the ALT key)
In the Condition section, select the name of the indicator.
Make the rest of the settings as you wish.
Finally, click on the Create button.
It's finished. After a few moments, your alert will be added to the Alerts menu.