Bitcoin crashing to 11k next month?What if Bitcoin´s fractal from Summer of 2018 is playing out?
Bitcoin price action on this *bottom* is looking identical from the past 2018 summer-fall trading period before crashing to its 3.2k level, if this fractal plays out, it would lead to a weakening in price the rest of October to finally capitulate to reach the real bottom around 11k, this could leading to the next bull run after a consolidation on those levels.
Of course this is just a speculation but a possible scenario for Bitcoin if 20k is not rejected again this month.
ATH
BNX: WHY THIS COIN CAN INCREASE IN 1 WEEK TO ATH (CZ Binance)BNX is known from the start increase at 02-FEB 2022 until now as DCA increase coin, since that time it did not more breakdown and even with the breakdown of markets, BNX did stay strong for the long-term goals. some called the diamond hands, and is that right?
BNX did stay strong as the DCA whales gave some protection to the price action so that NO breakdown zone will be confirmed , and they increase it time by time.
The supply of this coin is very low and if the AVAX coin market cap would be on this coin in this bear market, that the price of BNX would be over 2K USD.
This week is an interesting week, and with a high chance that we can see NEW ATH in 1 week. this coin has a goal and long-term vision.
There is also a high chance that CZ the binance owner one of the main investors in this project, out of the LAB investment from BINANCE.
on Twitter, he shows also more times them support for BNX and likes to show some interesting talks with the owner.
I think and believe that CZ plays a high role to support BNX. and with time we can see this effect.
same time i would be not surprised if he is also one of the part investors of this coin personally and getting this out later. (Some reasons and confirmation make me think this)
This week is important, and also with the breakdown of BTC: BNX can still hit the ALL-TIME HIGH of 224 USD.
The real increase trends would start when this coin shows the next 100% increase - from there the CC supply would do more work.
Trade safe.
Don't see this as trading advice. Studying self is always the trend before taking any action.
Crypto can be in all ways very risky.
BCH Price Still Has A Potential To Reach $6k AreaLike majority of mid cap projects BCH is forming very similar crashing pattern as BTC did in 2018. Of course 2018 btc crash happened with different velocity and curve, but price did have some kind of bounce and sideways movement as BCH had this time.
If we extend fib. levels over 2018 bitcoin crash where level 1 sits at 2017 ATH and level 0 at the low, we can see that the price did first reach lo 0.618 retracement, then eventually crashed, closing the gabs above the low, only to have another breakout and pint point nailing level 4. fib. extension (69k). Time will tell very soon if BCH price will react to the same fib. retracement/extension levels, but if does, it would mean that the price would first climb just above 1k, then have an accumulation back below $200, then of to the races to 6k area where level 4 fib. extension level sits at. Imagine that, it would truly be an amazing alt season.
Remember that time is irrelevant here and no one knows when things will happen or for how is anything gonna take to play out. We can only speculate price areas based on historical price movement.
It is only a speculation, we need more time to really confirm all of this but when price is set for new ATHs after a major crash like this, it tends to react to above mentioned fib. levels.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
$IBM reached previous ATH from 2013I frankly forgot IBM still exist. Last month it slightly broke the ATH from March and April 2013. Yes, it can take 9 years to get rid of your bags. So, trade carefully and have your stop losses or exit plan in place. It's been in this massive channel on monthly for 9 years. Perhaps time to breakout? Earnings sent the stock slightly lower, but I'll keep my eye on it.
ANALYSIS OF EVERY BTC HALVINGHello everyone, I would like to present what repeatability can be determined by analyzing the BTC chart in more detail, taking into account the 3 halvings that we experienced and the 4 that are ahead.
We have a log BTC chart from 2011 to today in front of us.
We will start by designating the places where BTC performed its halving, as you can see, the first halving took place in November 2012, the second halving in June 2016, the third halving in May 2020, and we also mark the halving which should be in June 2024.
On the other hand, with white lines we will mark the middle between the halvings.
We will use the green field to mark the intervals between the edible and the second halving so that we can see this space and repeatability more clearly.
For the analysis, we will use the blue lines that represent the way btc moves, one line indicates the lowest price points and we see that btc touches the line many times, and in the same way we can mark the places where the price reached its ATH.
It is worth noting that with the first halving, btc fell by about 86% from his ATH
on the second halving he was down about 84% from his ATH
at 3 halving so far the decrease from ATH is about 74%.
The current low is at 74% where the blue line is, but BTC sometimes has a quick candlestick down which may be around 82% from ATH.
Given the repeatability between halvings, the current maximum hole should be around $ 10,500
Now we use the mean tool marked with the purple line and we can see that on each halving as the mean passes through the half of the halving period, the cane consolidates and then the price drops below our purple line.
Moving on, we can also see that after each drop below the average around the half of the halving, the price started to rebound and break the first trend marked with white line, as well as exit from the yellow area, then break the second trend and exit from the second yellow area.
So the breaking of the first trend is a period of pro-growth and the break of the second trend is a period of pro-growth followed by price increases.
Currently, we have not yet broken the first trend, taking into account the cyclical nature of btc and the fact that large capital is distributed similarly and all negative news is often already included in the price, we can assume that the situation will repeat itself. After breaking the second trend and breaking above the average, the price will start to increase again.
At the end, we present a visualization of how the btc price may possibly move in the coming time to the next halving, we mark the path on which the price can follow with the white line.
Please remember that these are not investment recommendations, everyone is responsible for their financial games, these are only our observations about the market and how the price moves.
BTCUSD near 20.000$
EN : BTCUSD is actually near the top of 2017's bullrun, 20.000$.
This 20.000$ zone acted as a resistance. When we break a resistance, it flip usually into a support.
Is it going to happen this time again? Looks like a good long term opportunity.
FR : Le Bitcoin est actuellement à 2 doigts de toucher le point le plus haut du bullrun de 2017.
Cette zone des 20.000$ était une résistance. En général lorsqu'on casse une résistance, elle se transforme en support.
Est-ce que ça se passera comme cela cette fois? ça semble être une bonne opportunité d'achat pour le long terme.
BTC is close to ATH from the previous bull marketHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is moving below the downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 23,244, if the support breaks, then we have the place of the previous ATH, it is worth remembering that historically BTC never fell below ATH from the previous bull market.
Now let's move from the resistance line as you can see the first resistance is $ 24,821, if you can break it the next resistance will be $ 26,126, $ 27,268, $ 28,356 and $ 29,933.
Looking at the CHOP indicator, we can see that the energy has been used in the 1-day interval, while the MACD indicator indicates a downward trend.
BTC ATH prediction revision, MA ATL achived, what to expect?last january 26, i made a long term prediction (rough one), where i expected a price dip and resistance beetween 40 to 50k usd.
i was wrong in part, there is a channeling resistance, but lower 30k. this is a new ATL, but logical, ence it respects a remanaicent resistance.
things look good, btc is gaining .5 a day since the last 2 W.
a new bullish trend ahead? ;)
honestly? i expect the green arrow, and you?
leave a comment, share knowledge! ;)
BTC is going to a new ATH from there (1H of 2023)/ I have pointed out the divergence (double heights + decline on RSI) on November 2021 that drives the current correction
/ Now we are about to finish the downtrend
/ Still some sideways/mere down movements are possible for a period of 1-3 months
/ The road to a new ATH wouldn't be a straight line (as drawn) ..lol
/ Timewise it would be in the 1H of 2023
BTC starting wave 5 of weekIn monthly i have no idea about BTC because in my idea this at the moment is very sensitive about bubble bursting. But in weekly we can see it just closed wave 4 of week (Elliott wave) and if this is the last bullrun (monthly waves) so i want to see Head and shoulders or Triple top pattern in there. Psychology will be excited if the BTC break ATH 3 times in a shortime and that's what I want to see. Wish you successful trading and control your emotions.
Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed.
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Will we see a triple top on BTC?Hello everyone, let's take a look at the BTC to USDT chart over the weekend 1 timeframe. As you can see, the price is moving in the uptrend channel.
Let's start with marking the support line and as you can see we are currently in the designated support zone from $ 31,251 to $ 26,665, if the support zone is broken, we are still around the previous ATH.
Now let's move from the resistance line as you can see the first resistance is $ 36,758, if you can break it the next resistance will be $ 43,001 and $ 47,937 and $ 53,018.
Looking at the CHOP indicator, we can see that during the weekend interval, some energy has been used, but we still have some further move, while the MACD indicator shows that we are on a decline and we are waiting for the blue line to go up, crossing the red line from the bottom.
A SILENT BUILD WITH TRADE MANAGEMENT USING #DGHere I decided to quietly markup up the run Dollar General went on from Feb-Apr. I used the Daily Chart & this is purely form a Swing Trading perspective.
It was indeed beautiful. I actually was releasing a webinar in March and I included an options play on Dollar General when it was at 199. I signaled 207-220 calls, with overall upside potential to 240.
Dollar General over the next month or so, made a new ATH of 262!
A 32% increase in share price form the time I mentioned the trade.
If held, a lot of traders would have made well over 5 figures with this one swing trade alone.
#DG was in a downtrend from Jan-Feb before buyers stepped up. This video simply shows how to spot the trend reversal and use the prior "Bull Traps" and "Parabolic/Climatic" selloffs as your price targets on the way back up.
Trends whether up or down will ALWAYS show its hand before reversing. Your job as a trader is to spot that "tell tell sign".
If anyone needs help tweaking their trading systems, feel free to reach out. I have "Flash Courses" and I also offer strategy sessions.
Why BITCOIN can do something it hasn't ever done in the past Since Bitcoin was invented, it has been through 3 halvings which resulted in 3 bull cycles.
2012 Halving -> 2013 Bull Cycle
2016 Halving -> 2017 Bull Cycle
2020 Halving -> 2021 Bull Cycle
Next halving date is estimated at March 2024.
After 2013 & 2017 Bull Run cycles, Bitcoin hasn't ever retested previous cycle all time high (ATH)
Why was that?
Bitcoin has always created support area before it topped as we can see on the chart.
After 2020 halving, Bitcoin grew so fast into 2021 Bull Cycle that it didn't create a potential support area below 28.000$.
If 28.000$ area doesn't hold, due to lack of support between 28.000$ and 20.000$, Bitcoin can dump and retest previous ATH.
Next Crypto pump cycleAs we reach the end of the BTC pump cycle we need to assume that it will follow what it done in the past:
1) the pump
2) the top
3) the fall
4) the stumble back up
5) the emotional pain
Right now we are in the final part of the 4th stage before we get a year or two of crappy prices.
Each time we've reached the top its been followed by a 70-80% decline right now we are only down 30% from ATH so according to my predictions and previous pump cycles we are due another 40-50% decline.
Best case scenario
It will take 475Days from the all time high which is around August 2022 for new bullrun after a 65% drop
Worst case scenario
It will take 475Days from the all time high which is around August 2022 for new bullrun after a 71% drop