BTC imminently is going to $26k by February or March.There are 2 major rising wedges forming since 2018.
They are massive, which destroy any other small timeframe falling wedge explained by youtubers or moontubers.
If you follow any of those guys on Youtube tell them to come and read my chart so they can have another perspective and probably they can help others in a better way.
I DON'T THINK THEY WANT TO DESTROY YOUR ECONOMY BUT THEY MIGHT NEED A DIFFERENT PERSPECTIVE.
The bottom os the larger wedge is calling around $26k and according to the chart, it might come at the end of February and middle of March.
So is better to stay in cash or get your short position with very low leverage and set your stop loss. If you set stop loss you'll never lose money (just time and your nerves)
Once we hit $26k the pump is obvious to $32k and if there is a lot of FOMO will reach $38k then the falling will continue between $18k and $16k.
Guys the BEAR MARKET is here, it is obvious. Don't follow the flock, a smart investor will see the scenario in the long-term.
Sell all your ALT's bc you will need the real cash from today to buy BTC at the price of the upcoming tomorrow. BTC under $10k is unthinkable for the majority and that's why it will go there. That's how the market works.
Now, just chew what I'm sharing and come back for more because I will keep sharing my personal analysis.
I just want to give you perspective so you can have the right balance to take YOUR OWN decisions.
So far those Youtubers told you to buy BTC or other ALTS and your investment is being diminished.
COINBASE:BTCUSD
Btcsignals
Bitcoin: Momentum Buy? Bitcoin - Intraday - We look to Buy a break of 43626 (stop at 42876)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Neckline resistance 43600. The bias is to break to the upside. Our outlook is bullish. Offers ample risk/reward to buy at the market.
Our profit targets will be 45688 and 46688
Resistance: 43600 / 44000 / 45000
Support: 42500 / 41500 / 40500
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
BITCOIN, Magic Descending-Channel-Fractal A Second Time!Hello,
Welcome to this analysis about Bitcoin on the 2-day timeframe perspective. In recent times Bitcoin has shown up with highly bearish encounters to the downside to form its preliminary low at the 40.000 USD level. Nevertheless on the other hand simultaneously the utility of Bitcoin increased and many important technological developments in the Bitcoin field moved on such as classical economy providers like JP Morgan and Chase adopting Bitcoin technology or ex Twitter CEO Jack Dorsey's company building their own Bitcoin Mining Technology. All these developments are driving the Bitcoin utility and can have an important impact on a potential reversal. Besides that, the next country which is Tonga is looking to adopt Bitcoin as a legal tender which is also a pivotal determination that is likely to accelerate mainstream adoption. Together with the important fundamentals, I discovered a major fractal-formation Bitcoin is forming now that will be highly decisive in the upcoming times, therefore I discovered all the important levels and determinations to consider.
Bitcoin Major Descending-Channel-Fractal And The Phases From A To E:
Looking at my chart we can watch there how BTCUSD already once formed this massive fractal formation that moved in essentially 5 phases from phase A to phase E all together within this main descending-channel-formation. As Bitcoin now already initiated the descending-channel-formation similarly as within the first fractal this is already the setup to complete the fractal as Bitcoin already moved on with the phases A to D. As seen in my chart all these phases included the same elements so far, with Bitcoin setting up the fractal with a first bounce off the lower boundary in phase A, then moving on with two pullbacks off the upper boundary in phase B, after that forming the initial low with the high wick candle and then what also exactly already developed like in the first fractal is the pullback from the middle-range of the whole descending channel formation. Besides, there is the potential triple bottom forming like it already completed in the first fractal. All these phases have been already completed, what remains now is the bounce within the structure and breakout above the upper boundary to emerge with the phase E which will finalize the whole fractal with the breakout marked in green in my chart.
Upcoming Perspectives, Fundamentals And Determinations To Consider:
Taking all these factors into the consideration now it will be highly decisive on how Bitcoin actually forms a potential breakout above the upper boundary of this whole descending channel formation. When the breakout emerges appropriately then it will be a greatly determined setup for a major expansion-bounce as it is seen in my chart, if such a bounce emerges it will be a source for a continued determination with a potential continuation bull-flag to emerge as we have seen it already in the first fractal. In any cases there is a high likelihood given that Bitcoin shows up with higher highs. From a fundamental perspective we also currently see accelerated increased inflation in the US on 40 years high with 7.8% and in other regions even more. Such an inflation rate is likely to fuel hedges against inflation such as Bitcoin with money as people moving out of fiat into property values. From a fundamental perspective therefore there is a good ability for Bitcoin to complete this whole pattern and show up with the appropriate determinations also on the middle to long term basis in this case, it will be an important development ahead.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"Good fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
BTCUSDT Technical Analysis💎 BTCUSDT has broken above the major resistance and also we can clearly see an ascending triangle. We can expect that the price goes higher.
🎳 Entry zone 43184.75 - 42382.00
☕️ TP1 44180.00
🍺 TP2 45470.00
🚫 SL 42382.00 - 41984.00
Good Luck 🎲
Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a profitable day 😊👍🏻
BITCOIN It's NOW or NEVER for the rallyBitcoin made a bounced early this week and it appears to be following the bottom formation pattern of my most recent model:
As I showed on that chart, the Falling Wedge of September entered a bottom sequence after its last flush on the 39600 Support and as the blue dashed line held, it formed Higher Lows that broke finally above the Wedge. So far the blue dashed line is holding.
** 2021 fractal vs today **
Now back to today's chart. I've made it on the 3D time-frame for one simple reason. The LMACD and RSI indicators indicate when the bullish break-out might happen. First of all let's acknowledge that the January 2021 - July 2021 fractal is very similar to the September 2021 - January 2022 fractal. Right now the price sits below the Lower Highs trend-line of the bottom sequence (green Rectangle). A break above these Lower Highs, signaled the start of the new rally in July 2021.
** The LMACD **
At the same time, the LMACD of the two fractals is almost identical. Not only was it similar during the accumulation phases (blue ellipse pattern) of January 2021 and September 2021 with its successive Bearish and Bullish Crosses, but also now. The rally started when the LMACD made the next Bullish Cross. Right now such a Cross is emerging.
** The RSI **
During that bottom formation phase of June - July 2021, the RSI was also on Lower Highs. When those broke, it coincided with the LMACD Bullish Cross and the price Lower High break-out and BTC started its new rally. So far that RSI Lower Highs trend-line is holding but seems a matter of time before it breaks.
Is Bitcoin ahead of a Now or Never move on this Lower Highs trend-line? We will soon find out. But what do you think about this comparison. Does it give you a better long-term perspective? Feel free to share your work and let me know in the comments section!
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
BTCUSDT Technical Analysis💎 BTCUSDT has broken below a major support and has got below the descending channel. It is expected that the price continues to go lower on H1 to the next support zone.
🎳 Entry now or from Entry zone 42260.99 - 41861.86
☕️ TP 41250.00
🍺 TP 39850.00
🚫 SL 43439.63 - 43044.99
Good Luck 🎲
Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a profitable day 😊👍🏻
Bitcoin Analyze (Scenarios)!!!🧐Hi, probably when you are reading this post, you are confused🤔 that what will happen for Bitcoin . I tried to specify two scenarios that can happen in the next few days.
Bitcoin Analyze ( BTCUSDT ) Timeframe 12h ⏰
Location 🌊: about the location of Bitcoin , please read my post with the topic '' Bitcoin Analyze( Road Map🗺️)!!!'' .
Bitcoin was able to break the necking line of the Head and Shoulder Pattern a few days ago. also, the failure volume was sufficient for a valid failure. so scenario 2 is more possible than scenario 1 .
🔴 Scenario 1 : Bitcoin can break the heavy resistance zone and start a new journey for taping a new ATH == The head and shoulder pattern will fail.
🔴 Scenario 2 : Bitcoin is pulling back to its necking line and finally will break the heavy support zone and the support lines == The head and shoulder pattern's target will touch.
🔴 Resistance zones & Support Zones on Bitcoin's way :
Heavy Resistance Zone : 51600$ until 53600$
Heavy Support Zone : 48940$ until 47630$
Heavy Support Zone : 44600$ until 43000$
❗️ Sign ❗️: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES , and finally, the price arrived itself to this amount, three days ago we saw the same happens, and Bitcoin dropped down from 53889$ to 40888$, probably Bitcoin will arrive at 40888$ again👇https://www.tradingview.com/x/EJIXFGoK/
🔴 RSI Analyze : RSI is moving on descending channel + we watched one of the valid bearish signals for RSI === Bearish Failure Swing . In addition, RSI broke its support line and now is pulling back to it.👇https://www.tradingview.com/x/DbDh2dga/
🔴 November candlestick pattern : we can find 💫 Shooting Star 💫Pattern ( Bearish ) = The trigger was activated. 👇https://www.tradingview.com/x/0EAXNRdM/
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
BITCOIN Why $150-200k may be nextHaving started the month and in turn the year with high volatility, it is time to look at Bitcoin on the long-term charts again. The current analysis is on the 1W time-frame and it is a comparison between the 2021 sequence and the fractal of mid 2019 - mid 2020.
** The RSI **
The 1W RSI of the two, if divided in legs, are virtually identical. Even though leg (5) in price terms made a Lower Low, that huge panic selling was due to the COVID global asset melt-down, a panic event that is unlikely to happen again.
** The Channel Up and the 0.5 Fib **
At the same time, BTC hit another key support line, the 0.5 Fibonacci level of the Channel Up since that COVID bottom. As shown on the chart, every time the price traded within the Fib 1.0 and Fib 0.5 zone of the Channel, it was a buy opportunity. Last time BTC hit that 0.5 Fib was on the October 05 2020 1W candle. What followed was a +555% parabolic rally for a market top (and new All Time High) on the 2.0 Fibonacci extension.
If this is again a buy opportunity and we don't experience another COVID crash event, and assuming Bitcoin needs again around two Quarters for a new parabolic top, the Fib 2.0 Target could be placed within $150000 and $200000.
Do you think that's a new long-term buy opportunity and if so is this target zone realistic by Q2 2022? Feel free to share your work and let me know in the comments section!
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
BTC/USDT 4HOUR UPDATEWelcome to this quick BTC /USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello friends
but it has bounced thrice from the bottom and the bottom is now broken below the triple bottom break
I think btc could come down a bit more from here, around 40500k, 37700k
And if the btc bounce from here then there's good news for all of us
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
NEW BTC Analysis (January 12th play?)Some big support/break plays for this pair this week!
The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
BITCOIN, FED-Dump, Binance Buys 43000 BTC, Objections Now!The recent times were turbulent for Bitcoin, a massive volatility move resulted out of the fact that the FED released its protocols of the last meeting in which a decision of a possible decrease of their balance sheet which is currently 8.3 Billion US-Dollar was made. There was no action behind this statement made so far nevertheless we have seen Bitcoin heavily dumping just seconds after this statement was released. The declines did not only show up in Bitcoin but also other worldwide assets such as the stock market and gold. This shows how fragile financial markets are especially on exterior influences such as the FED coming up with new decisions while there wasn't any action behind, it is pointing out that such events can have a pivotal effect on the market and that we as traders can prepare on these events with the proper line-up.
Binance Multi-Billion-Dollar Bitcoin Purchase:
This dump was clearly initiated by the FED-release which accelerated the dynamic and taking this into the consideration now the good news is that the dump did not emerge because Bitcoin loosed its value or because the users, many panic sellers came up or users lost trust in Bitcoin like it may be the case in other situations. In fact, it is the other way around, within this Bitcoin dip institutional interest actually profoundly increased from a technological adoption standpoint as well as from an accumulation standpoint as I already mentioned in my YouTube update uploaded recently. Binance in this whole dip made a MASSIVE purchase of 43000 BTC which is actually equivalent to around 1.800.000.000 BILLION US-Dollar, this makes Binance almost the second-largest Bitcoin institutional treasury holder after MicroStrategy. These facts show a clear surge in institutional interest while Bitcoin made the dump caused by the FED announcement.
Bitcoin Leverage-Ratio At A All-Time-High:
While Bitcoin continued its downward journey after peaking at 69.000 USD in November 2021 there was a steady acceleration of leverage used in the exchange to trade Bitcoin, this dynamic made the leverage ratio of Bitcoin go up and it shows also that more and more leverage is used to trade Bitcoin. As Bitcoin initially stopped with its downtrend at the 4th of December and moved into the trend-finding phase the leverage ratio still moved up simultaneously while the volatility decreased. Taking this into concern it has to be marked that it is likely that an increased volatility phase is awaited as the contraction of Bitcoin settled while the leverage has still gone up this is likely to accelerate and increase price actions when stop losses are hit. Such a dynamic can go in both directions however as Bitcoin is already dumped heavily there is a higher potential that stop losses of short order actually will be triggered.
Technical Developments And Bitcoins Upcoming Destinies:
As when looking at my chart we can watch there how BTCUSD now continued to move on to test this main 41.350 USD support level which is marked in my chart in blue. This is a crucial level for Bitcoin as it already bounced several times off and on this level, with this fact there is a higher possibility given that Bitcoin managed to bounce again in this level however if this does not happen and Bitcoin falls below it will be the new resistance in this case. Besides, that Bitcoin is forming this main descending-triangle formation which can be completed if Bitcoin manages to hold the support however if this does not happen and Bitcoin rejects off the remaining resistance at 45.900 USD and pullback again this will invalidate the whole formation. For now, it will be highly crucial to watch out of the whole formation can be completed or not because in this case, we should not underestimate a possible volatility-increase and an invalidation of the formation. As traders we need to think into both direction and plan several scenarios into the market approach to act accordingly if one or the other scenario actually emerges, this is also the case here.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"The advancement and diffusion of events is the only guardian of true liberty."
Information provided is only educational and should not be used to take action in the markets.
BITCOIN will a rise and rejection at 45k confirm this pattern?It is not the first time of course that I compare the current market lows to the lows/ bottom of June - July 2021 (look for my previous studies, there are many on that subject). However it is the first time that I do so by using two unique indicators the VMC Cipher_A (courtesy of vumanchu) and MarketCipher B (courtesy of Crypto_Spike) with some adjustments. I've added patterns (wedges) and legs (1 - 6) that very clearly depict the striking similarities of Bitcoin's price action since January 2021.
As you see the price action from January 08 2021 to June 22 2021 (Wedge 1 (black), Wedge 2 (blue), Wedge 3 (orange)), is identical to that of September 07 2021 to today. If this holds indeed and history repeats, we seem to be on count (3) of Wedge 3. What's missing is a rise to (4) and roughly $45000, then retest of today's Support (count 5) and a rally that will break above the Wedge 3.
Do you think a rise and rejection at 45k will confirm the pattern and fulfil the low that's needed to break upwards into a new rally in February? Feel free to share your work and let me know in the comments section!
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
BITCOIN(BTC) 4H NEAR FUTIRE PREDICTIONSTechnical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have Downtrend in red color (Long Term)
We have 1 Uptrend in green color (Internal Uptrend currently testing to break)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Sorry I did not post lately since I had covid
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
BITCOIN is close to the 2021 BOTTOM fractalsBasically after yesterday's fall, Bitcoin is as close to the 2021 bottom fractals as it can ever get. Even though I've made similar comparisons in the past, it might be a good time to refresh them, as this analysis will show that Bitcoin currently shares many similarities with both the late September 2021 bottom but mostly the late June - July 2021 bottom fractal.
Similarities:
a) First of all, all fractals share a common Lower Highs trend-line. Until that broke, the price remained under heavy selling pressure.
b) The June-July and September fractals ended their bearish pressure and started strong rallies instead only after they broke above the 1D MA50 (blue trend-line).
c) The June-July and September fractals made a Low and recovered to the 0.618 Fibonacci retracement level (blue) before re-testing that Low. This was the last Low test before the 1D MA50 broke and the rally started. The current fractal already has a rejection on the 0.618 Fib.
d) The September and the current fractals went below their 1D MA200 (orange trend-line) and got rejected there to make a Low.
e) The September and the current fractals both measured roughly the same drop (-25% and -28% respectively) from the top of their respective Lower Highs trend-line.
f) The June-July and the current fractals appear to be very symmetrical as well. After making an initial bottom, they recovered and turned sideways (blue Rectangle), only to test that bottom again in 34 and 32 days respectively. Assuming that holds, then the bottom is either in (yesterday) or will be priced by tomorrow.
g) The June-July and the current fractals made lows that measured roughly -30% from the 1W MA50 (red trend-line) which is the Bull Cycle's long-term Support level.
h) The June-July and the current fractals have identical 1D MACD formations (blue Rectangle).
Conclusion
If BTC is more like the September fractal, then the bottom is already in and then next break above the 1D MA200 (orange trend-line), should be the confirmation for a rally. If BTC is more like the June - July fractal then we can project that the accumulation will roughly last for a total of 62 days, meaning that there is still another 30 days left of consolidation within the green Triangle. Only a break above the 1D MA50 (blue trend-line) may put a stop to this kick-start a rally.
Do you think comparing BTCUSD with those 2021 bottom fractals is viable? Feel free to share your work and let me know in the comments section!
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
BITCOIN, It Is The CALM Before The STORM!Hello Community,
Bitcoin is in a pivotal range building up within recent times into the New Year 2022 and history has shown that such a pattern will lead to a devastatingly high-volatile breakout sooner than later, most often in times when people least expect it. Therefore it is necessary to be prepared on upcoming volatilities and look at how the market can develop, especially also in the Altcoin Section this can bring some worthwhile opportunity potentials to the fore. As the beginning of the year normally marked an important milestone in which Bitcoin is likely to show up with central price-changes and volatility increases this can also happen here. While Bitcoin adoption and technology advancement is still moving on there are major structural technical elements to consider here, therefore, I discovered all the important levels, upcoming determinations, and scenarios we need to consider with BTC holding above the 46.000 USD level and building this paramount formation.
Looking at my chart we can see there that Bitcoin build this clear channel-formation which it initiated with the first major wave-A to the upside and after that moved on with the second major wave-B to form this main channel formation. Within this channel formation of which the wave B is simultaneously consisting Bitcoin is forming the local channel wave count reaching from A to E with the waves A to D already completed. The wave C had its origins within this main local triangle formation that formed in the lower boundary range, such a similar local triangle formation is now forming as well and once this is completed the wave-E has a high likelihood to emerge. When the wave-E appropriately emerges it will be highly decisive on how Bitcoin actually approaches the upper boundary of this whole channel formation, when Bitcoin in this case moves on to hold this higher level there is a solid possibility given that Bitcoin breaks out the channel and continues with the wave-E-extension as well as with the wave-C-expansion. In this case, BTC will have the ability to test the main remaining resistance within the 56.000 USD which is still a highly crucial level because this can mark either a strong reversal point or a point above which Bitcoin has the ability to build upon. For now, it is necessary to be prepared for upcoming volatilities and then see how Bitcoin evolves, it will be a determining journey.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
AVAXUSDT Technical Analysis💎 AVAXUSDT has been making HHs and HLs on H1. It has formed a Bullish flag so after the breakout we can expect a Pullback and if we see a Bullish setup we cna go long.
🎳 Entry now or from 112.67 - 109.42
☕️ TP 117.49
🍺 TP 123.90
🍻 TP 130.54
🍾 TP 137.00
🍷 TP
🍸 TP
🍹 TP
🎁 TP
🚫 SL 109.01 - 106.48
Good Luck 🎲
Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a profitable day 😊👍🏻
What Happens Next?Everybody is still debating if we are going into a bear market or are we in a bear market , the only thing these questions do is distract you from what is about to happen .
Look at the facts in the charts :
October 2020 Breakout
Green Box - Pump breaking 8/1 Gann
Yellow Box - False Rally (Distribution)
RedBox - Price coming back down and holding 8/1 Gann as support and reaching Max Pain on market sentiment.
Orange Box - Disbelief Rally
Present Day
Green Box - Pump breaking 8/1 Gann
Yellow Box - False Rally (Distribution)
RedBox - Price coming back down and holding 8/1 Gann as support , also reaching Max Pain on market sentiment.
Orange Box -????
We can see things clearly playing out like the 2020 breakout same pattern as before . It is designed that way to create as much confusion and false signals as possible before the rally and when it comes most traders will be at a point of disbelief so they won't enter the market till much higher.
Just take one step back and look at the whole picture and market sentiment , traders are the most divided now , everyone has their own idea on what's going on and what's about to happen but nobody is really paying attention to the chart.
The fact is you can clearly see the same pattern playing out that fooled everyone in 2020 thinking Bitcoin was just ranging with that drop from 12500 to 10000 , when in fact it was the best entry in trading history , could this be the second ?
Its time to stay focused and not get distracted with small 5% moves this is all noise.
BTCUSDT Technical Analysis💎 BTCUSDT on h4 after breaking above the significant resistance, it has gone for the retest and pullback,. After forming a Bullish setup we can go long above the support zone
💵 Invest Only 5% of your Portfolio
🎳 Entry now or from 47931.10 - 47500.00
☕️ TP1 48275.05
🍺 TP2 48876.96
🍻 TP3 49500.00
🍾 TP4
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 47453.40 - 46850.00
Good Luck 🎲
Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a profitable day 😊👍🏻
BITCOIN vs USD vs S&P500 What 2022 will be like. HAPPY NEW YEAR!As 2021 comes to an end, we can make a review of how the year went and attempt to project how 2022 might be like for Bitcoin. In this attempt, I've charted BTCUSD (orange trend-line) against the U.S. Dollar Index/ DXY (green trend-line) and the S&P500 (blue trend-line).
As you see, based on the correlations of those, BTC can be divided into phases of Bull (green), Bear (red) and Accumulation (yellow). Basically the whole 2021 was a year of accumulation as BTC traded generally sideways. At the same time the Dollar rose as well as the S&P. It can be argued that what kept BTC within accumulation and not a new Bear Cycle, was the strong rise of S&P throughout the year as typically a rising Dollar brings a Bear Cycle on BTC. Similarly, when the Dollar falls (or at least stays sideways) while the S&P rises, BTC enjoys a Bull Cycle. A sharp fall on the Dollar in particular is what brings BTC's parabolic rally.
So based on what this chart illustrates, we can argue that as long as S&P500 keeps rising or the Dollar stops rising, BTCUSD won't enter a new Bear Cycle. We may see an extension of this accumulation phase then if the theory of lengthening (mega) cycles is true. If the Dollar start falling though and attempts to reach the bottom levels of February 2018 and January 2021, we may see a new parabolic phase in 2022.
Keep an eye on these important correlations and don't lose sight of the bigger picture picture in 2022!
The TradingShot team wishes you a Happy New Year!!
Feel free to share your work and tell me your opinion on this analysis in the comments section below!
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
8/1 Gann Fractial Before LIFTOFFSo there could be a fractal evolving right now above the 8/1 Gann . The chart on the left is from sepember 2020 to October 2020, as you can see Bitcoin tends to form a sort of W pattern above the 8/1 Gann ratio before liftoff . We could right now be seeing the same thing play out with a even clearer touch on the 8/1 Gann than the 2020 breakout. If you want to have a look at the zoomed out version of the 8/1 Gann ratio look at the TA below.
It is surreal seeing the this fractal play out again above the 8/1 .