New bitcoin pattern on 1WUsually on Monday we publish analytics with a local perspective, but this time we have not enough information for a full-quality forecast.
Nevertheless, this week is notable for the fact that a new EXP pattern has formed on INDEX:BTCUSD on the weekly timeframe.
It is notable that we have an earlier pattern from May 21👇
And the new pattern is essentially the "big brother" of the smaller pattern and gives us more distant target levels (as is often the case with higher-level patterns, most likely not all of them will be reached).
The fact that the formation of this model occurred through the touch of the trend line increases the probability of a test of $73,757 and $77,723 (but only increases, the level of uncertainty is still high).
1-BTCUSD
Watch closely polygon movement On the chart you can see the previous movement how happened
All the points are shown on the chart
I expect a trend on matic that can lead us to see 1$ if we break the of 0.44$
Under 0.44$ the price will swing between 0.28$ to 0.43$ but if we break the resistant of 0.44$ and i do expect it, the target going to be 1$
Short Term Could Drop Be Careful Here - Possible $100Some bad news came out. Bybit got hacked for a lot of Ethereum. How this happens I dont understand but more than likely an inside job. These run out a basement exchanges are dangerous never leave your crypto on an exchange, NONE OF THEM.
Anyways I dont like the break of this rising wedge or potential bear flag. If this deosnt break back into the wedge and close in it then we could se another drop to about 100 or so if the measured move plays out. Be cautious here.
Not Financial advice.
SPY/QQQ Plan Your Trade Afternoon Update : BREAKDOWNIf you've followed my research over the past 90+ days - you were ready for this move.
If you were positioned for this breakdown, many of you should have seen decent profits or green in your accounts.
I'm so happy and proud to have helped many of you prepare for this move.
Stay cautious into the close as we may see more selling pressure drive prices lower.
Remember, everything I do is about helping you become a better trader.
Get some.
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BITCOIN seeking buyers on the 4hour MA100.Bitcoin / BTCUSD made a decisive break out yesterday over both the 4hour MA100 for the first time in 20 days as well as the Falling Resistance.
After topping today, the price pulled back to retest the 4hour MA100, this time as a demand level so that the market gets the confirmation that there are short term buyers there.
1day RSI wise, we made a bullish breakout above the MA similar to January 14th, which was followed with an immense rally to the 109400 High.
Buy and target the bottom of that Resistance Zone at 106500.
Follow us, like the idea and leave a comment below!!
BTCUSD: Is it possible to reach 160k by May?Bitcoin remains neutral on its 1D technical outlook (RSI = 50.148, MACD = -503.300, ADX = 40.137), consolidating under the 1D MA50. This neutral state indicates that it is still a buy opportunity, as long as it stays under the 1D MA50. The similar consolidations (Rectangle patterns) of January 2024 and March 2023 indicate that when the 1D MA50 is reclaimed, Bitcoin gives a bullish breakout signal that targets the 4.0 Fibonacci extension. As you notice, thos phase since November 2022 are cyclical and replicate the price action over and over again. Go long, TP = 160,000 potentiall by end of April beginning of May.
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BTC Short - Stretch to TP $77kWyckoff scenario planning for possible 2025 top formation.
- Possible Phase B Sign of Weakness incoming in the next few weeks.
Short at $100K with a tp target 1 at $86K. A stretch target 2 at $77K aligns with the bottom of the local channel and intersects with the 4-hour 200 MA.
Presents good Long entry to new ATH at $112k.
Best, Hard Forky
Sailing27db97e52ec7b1b43e5391bb5861b8d4cf37d3a7c3a1a06d3aa0533382d52733
Bitcoin's conservative addressable share of speculative assets is 2%.
The total market cap of the speculative portion of assets are as follows:
Real Estate: $2.14 trillion
Gold: $7.83 trillion
Silver: $108 billion (0.108 trillion)
Stock Market: $21.8 - $32.7 trillion (We'll consider the lower and upper estimates)
Bonds: $7.035 - $14.07 trillion
Total speculative market cap: $38.913 trillion to $56.848 trillion.
Conservative estimate for Bitcoin's share of this is 2%, or 0.778T-1.137T
The conservative multiplier for Bitcoin, is 118x. This means that for every $1 invested in Bitcoin, the market cap tends to increase by $118. Let's assume 10x instead.
0.778T-1.137T X 10 = 7.783T - 11.370T
Conservative projected price range 350k-666k
Market Cap details below:
Real Estate:
* Total Market Cap: $379.7 trillion
* Speculative Portion Market Cap: $2.14 trillion (Investment real estate)
* Speculative Portion: 0.56%
Gold:
* Total Market Cap: $19.57 trillion
* Speculative Portion Market Cap: $7.83 trillion
* Speculative Portion: 40%
Silver:
* Total Market Cap: $1.816 trillion
* Speculative Portion Market Cap: $108 billion
* Speculative Portion: 5.95%
Stock Market:
* Total Market Cap: $109 trillion
* Speculative Portion Market Cap: $21.8 - $32.7 trillion
* Speculative Portion: 20-30%
Bonds:
* Total Market Cap: $140.7 trillion
* Speculative Portion Market Cap: $7.035 - $14.07 trillion
* Speculative Portion: 5-10%
SPY/QQQ Plan Your Trade For 2-21 : Top Pattern Counter TrendToday's Top pattern in Counter-Trend mode suggests the markets will attempt to move downward, seeking a new support level, then find a base and attempt to roll a bit higher.
I don't expect a big breakdown to take place today, but the YM is already struggling to maintain support - so we may see the ES/NQ break downward if the major markets continue to weaken throughout the day.
I do expect the markets to move into my Major Bottom pattern over the next 3-5+ trading days. So, overall, I expect the markets to reject these recent highs and attempt to move downward.
Gold and Silver should continue to rally with Gold trying to break above $3k and silver trying to break above $35.
Bitcoin is moving into an early stage Excess Phase Peak flagging formation. This should prompt a fairly solid rally phase for Bitcoin over the next few days/weeks.
If my longer-term research is correct, the recent new highs will be rejected and price will roll into a double-bottom type of setup between now and the end of March 2025.
I suspect traders are not prepared for this move and will continue to try to BUY any dip they see over the next 30+ days.
My only advice is to play the short-term trends and avoid position or swing trading too heavily.
The markets are going to become very volatile over the next 30+ days.
Get some.
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BTCUSD: Short-Term Rebound Before Extending Bearish TrendIn line with previous analysis, BTC remains within a Symmetrical Channel Down pattern, signaling a potential continuation of its downward trend into early 2025. The price is currently approaching a minor support level at 94,992, which could trigger a short-term rebound.
If buying pressure strengthens, BTC may see a technical rebound toward the minor resistance at 98,768, aligning with the upper boundary of the Symmetrical Channel Down. However, as long as the price remains below this level, the broader trend remains bearish, with a potential decline toward the key 2025 support level at 92,102.
Traders should monitor price reactions at these critical levels for confirmation of the next move.
Previous analysis
Bitcoin like a Diamond.The diamond pattern is a sophisticated chart formation found in financial markets, yet it remains relatively obscure among technical traders and investors. As a member of the classical chart pattern family, it stands apart from more commonly recognized formations like flags, pennants, head and shoulders, and rectangles. Due to its rarity, traders encounter fewer chances to engage with the diamond pattern compared to these other formations.
However, it is important for technical traders to familiarize themselves with this pattern, as it can present valuable trading opportunities when identified in a timely manner.
Often mistaken for the head and shoulders pattern, the diamond chart formation shares some similarities but also has key differences that set it apart.
The Continuation Diamond pattern serves as a signal for continuation, suggesting that the current trend is likely to persist. Traders often use this pattern to validate an uptrend and to identify potential buying opportunities in the market.
The bearish diamond formation emerges following a strong upward price movement. It consists of two support levels that limit earlier pullbacks and two resistance levels that have interrupted the upward trend.
Commonly referred to as the diamond top pattern, this formation serves as a signal for market participants to consider selling.
So Diamond patterns can indicate either a reversal or continuation in the market, suggesting a potential bullish or bearish breakout. It's essential for traders to look for confirmation through trading volume at the breakout point.
To execute trades, one should sell when the price falls below the diamond's top formation and buy when it rises above the diamond's bottom formation. This approach allows traders to effectively take long or short positions based on diamond patterns.
BTC/USD Analysis: Bullish Momentum Faces Resistance at $110,000!Looking at this chart of BTC/USD on the 4-hour timeframe:
Current Price: The price of Bitcoin is currently around $98,468.88, with a slight increase of +0.24% for the session.
Key Levels:
The price is approaching a strong resistance zone near the $110,000 level, which is marked with a shaded area above the current price. This could act as a psychological barrier or a sell-off zone if the price reaches this level.
On the downside, there is support near the $94,000 level, indicated by a box in the lower part of the chart. The market has shown a tendency to bounce from this zone in the past.
200 EMA: The 200-period Exponential Moving Average (EMA) is currently around $98,193, and the price is trading slightly above it, which indicates that the trend may be leaning bullish, but a pullback to this level could be expected.
Price Action: The chart shows a series of upward movements after consolidation in the lower range, which suggests bullish momentum. However, the proximity to resistance means the price might face some challenges breaking through the $110,000 zone.
Overall, there’s potential for Bitcoin to test higher levels, especially if it can clear the resistance near $110,000. But a pullback or consolidation around the $94,000 region could also be on the cards. Keep an eye on volume and price behavior around these levels to confirm the next move.
Bitcoin - preparing for a Mega bullish waveThe weekly chart is bullish for Bitcoin.
It shows a hidden bullish divergence on RSI, indicating that the price trend is likely to continue upward.
Additionally, the chart highlights a double bottom pattern on HTF.
Bitcoin maintaining support at 0.786 Fibonacci will give it the momentum needed to create a new high.
A new all-time high (ATH) for Bitcoin is expected in the coming weeks.
Best regards Ceciliones🎯
DOGE vs BTCHello,
It looks like our favorite crypto pair, analogous of Love vs. the evil empire, may hold together through a bit of turbulence ahead before DOGE realizes he’s off leash and breaks away!
Love always wins.
DOGE represents mans best friend, unconditional Love, and the higher dimensions of consciousness.
I don’t want anything to do with the fear and poisoned money supply associated with BTC.
How about you? Are you in the DOGE tribe?
Go Doge Go!
Btc consolidating in a descending channel on the 1 day chartIf bitcoin can flip the 1 day 50ma(in orange) back to solid support it should confirm a breakout from this yellow descending channel it has been consolidating in. If it were to do so where I blacked the vertical dotted yellow lne the target would be about 105k or so. *not financial advice*
Whether it can be supported and rise near 97226.92 is the key
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-------------------------------------
(BTCUSDT 1M chart)
Half of February has passed.
Since the BW(100) indicator was created not long ago, it seems that it will take some more time to know whether it will act as support and resistance.
The current BW(100) indicator point is 102429.56.
Since the M-Signal indicator on the 1M chart is passing around 70K, it is not strange if it falls at any time.
On the other hand, it is not strange if it rises at any time.
-
(1W chart)
Since the HA-High indicator of the 1W chart was created at the 97226.92 point, it is important to see if there is support around this point.
Since the M-Signal of the 1W chart > the M-Signal of the 1M chart, we need to see if the price can be maintained above the M-Signal indicator of the 1W chart.
-
(1D chart)
The key is whether it can be supported around 97226.92 and rise above the M-Signal indicator of the 1D chart.
-
Since the StochRSI indicator is in the overbought zone, if it falls near 97226.92, it is possible that it will touch the 92792.05-94742.35 zone.
At this time, the important thing is to maintain the price above the M-Signal indicator on the 1W chart.
To do so, the price must be maintained above 91231.0, which is the low point on February 3.
-
This volatility period is until February 17.
The next volatility period is around February 24 (February 23-25).
Therefore, do not relax and check whether the price is maintained by rising above the M-Signal indicator on the 1D chart, and whether the M-Signal indicator and Trend Cloud indicator on the 1D chart turn upward.
If it turns upward around 97226.92,
1st: 101947.24
2nd: 103706.66-104.463.99
You should respond depending on whether there is support around the 1st and 2nd above.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
How to view and respond to this is up to you.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
-----------------
BTC SHORT TP:95,000 20-02-2024Currently, Bitcoin is exhibiting signs of weakness in its upward trend, suggesting that a pullback to the levels of 95,000 - 95,500 is quite likely. If the price manages to bounce at this area and confirms the validity of this support, we would be inclined to consider a long entry afterward. It's essential to monitor how the market reacts at these levels before making any trading decisions.
Bitcoin Halving Cycles: Market Trends & Timeframes📈 Bitcoin's Market Cycles & Halvings: A Historical Perspective
This chart provides a deep dive into Bitcoin’s four halving cycles, analyzing how BTC has historically moved from market bottoms to cycle tops. With the next peak potentially approaching in 2025, understanding these trends can help traders and investors make informed decisions.
🔍 What This Chart Shows:
Halving Events (2012, 2016, 2020, 2024)
Market Bottoms before each cycle
Market Tops post-halving
Cycle Lengths from bottom to top
🕰️ Bitcoin’s Historical Halving Trends
1️⃣ 1st Halving (2012-2013)
Market Bottom: July 3, 2010 ($0.03)
Market Top: November 29, 2013 ($1,134)
Cycle Length: 1,244 days (3.4 years)
Bitcoin’s first major cycle saw explosive growth following its first halving. The price surged over 37,000%, confirming the narrative that halving events reduce supply and drive bullish momentum.
2️⃣ 2nd Halving (2016-2017)
Market Bottom: August 25, 2015 ($162)
Market Top: December 17, 2017 ($19,665)
Cycle Length: 845 days (2.3 years)
After the second halving, BTC experienced another parabolic rally, increasing over 12,000% before topping out in late 2017.
3️⃣ 3rd Halving (2020-2021)
Market Bottom: December 15, 2018 ($3,126)
Market Top: November 10, 2021 ($69,000)
Cycle Length: 1,061 days (2.9 years)
Bitcoin’s third cycle saw a slightly longer rally but still resulted in massive gains, with a 2,100% increase from the bottom.
4️⃣ 4th Halving (2024-Present)
Market Bottom: November 21, 2022 ($15,479)
Market Top: ??? (Expected 2025)
With the 2024 halving approaching, historical patterns suggest another major bull run could be on the horizon. If past trends hold, Bitcoin could reach a new all-time high sometime in late 2025.