Bitcoin Short-term Setup - $73,000 by March 30This short-term action reminds me of a trap in 2018 at the $6,000-7,300 range~, where we were in a giant rising wedge (similar to the one were in today).
Expectations are that Bitcoin will move up from $68,300-69,000 support to $73,000 by March 30 then rug pull everyone prior to the Monthly close. The sell off would take us to $64,000-63,000 initially then $61,000-59,000 eventually to close the CME gap and liquidate the longs.
Stoploss below the neckline/support of the rising wedge which is currently at 68.1K 🍻
Summary:
Buy: $69,000-68,100
Sell: $73,000+
Buy: $64,000-63,000 and $61,000-59,000.
Cheers!
Carl M.
Bitcoinguru
Bitcoin bulls eyeing $69,000-73,000 by March 10, 2024This Gold Fractal overlayed on Bitcoin's multiyear cycles has been extremely helpful in forecasting more or less the price action of Bitcoin when coupled with liquidation levels and other valuable indicators and classic technical charts patterns.
In my opinion, Bitcoin has bottomed at these levels (I highly doubt we ever see below the 1W Bollinger Band at $38,000 again), and I am expecting we see the bulls take us to $69,000-73,000 by March 10, 2024 which is a Siderograph Astro turn over date; thus the top on Bitcoin for this year.
Don't forget to like and subscribe! I'll be publishing more ideas for altcoins.
Carl M.
Short-term: Bitcoin bulls eyeing $69,000-73,000 by March 10This chart is a zoomed in/short-term version of the below idea I published few days ago outlining the Gold Fractal overlayed on Bitcoin and the fact that I am expecting we see the bulls take us to the ATH at $69,000-73,000 by March 10, 2024 which will be an amazing area to take some solid profit at as I do not believe we go much higher than it (maybe max $80K if we overshoot).
Don't forget to like and subscribe! I'll be publishing more ideas for altcoins.
Carl M.
Full publication to refer to:
Ethereum bulls eyeing $17,000-19,000 by November 2025Hi all,
This is a revised Ethereum ETHUSD chart with updated targets through the end of the Megabull which will end around October-November 2025:
The blue fractal on chart is an approximate path which I have created to estimate roughly the Ethereum price action in 2024-2025. It is based on my analysis of previous cycles.
Short-term Ethereum is exhibiting relative bullish strength (as indicated by the yellow arrow, similar to 2020) after reclaiming the resistance block (seen in red) as support. Similar to the previous two bottoming bull reversal patterns in 2016 and 2018-2020, Ethereum is completing both a:
(1) double bottom at $1,100-$900 and
(2) rounding bottom.
Once Ethereum rallies towards the top resistance of the rounding bottom at $4,800 and successfully backtests it as support, we can expect the Megabull to be confirmed before the end of 2024 or early January-February 2025.
Then by November 2025 expect Ethereum to rally and reach a Megabull ATH (All-Time-High) of either: $10,000-$12,000 or
$17,000-19,000
give and take 1+- month margin error. This would represent a minimum gain of 1,000-1,300% increase from the all-time lows.
Don't forget to like and subscribe, as I'll be publishing more ideas with targets for altcoins in the incoming weeks.
Carl M.
Cardano ADA targets $13 by November 2025 - Minimum 2,000% gainsHi everyone!
In this publication, we will dive in the technicals and boom and bust cycles of Cardano or ADA :
Short-term:
ADA will likely hit $1.17-1.24 in March 2024 and pull back down to retest the previous top as support at 0.69-0.59c ~ which would be a great buying opportunity if it comes along. Reaching the ATH could be possible but currently is a low probability as the bulls are lagging a bit behind. It is likely that the test of the ATH would come much later in Q4 2024 or Q1 2025.
Midterm:
There are clear patterns that repeat across Crypto on altcoins which I always point to for those familiar with my charting and in this case ADA s clearly displaying those bottoming bull reversal patterns although still unconfirmed:
(1) Basing with a double bottom at 0.262-0.219c
(2) Rounding bottom (half blue circle)
Long-term:
ADA is still attempting to break the top resistance block (red box) at 0.60-45c and is still very far from breaking the previous ATH at $3.10 which may come much later in Q2 2024 as mentioned earlier.
So buying know at 0.58c (see the WE ARE HERE arrow) is still considered an extremely cheap entry and you could still make at minimum 2,000% in gains if my 2025 Megabull forecast plays out as expected and we see ADA top at either T1: $13 or at T2: $20-23 by October-December 2025.
Looking further ahead at the next bear market of 2026-2027 and based on the repetitive boom and bust cycles of ADA and crypto, we could expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $2.75-1.90 (more or less previous top holding as support and a good 83% drawdown from the T1 ATH).
Closing Notes:
This historical multiyear chart is my attempt at forecasting the action of Cardano for the next 4 years and will be updated regularly.
Please give a like and follow to this chart if you appreciate this chart and the work put behind it.
Best of luck and happy trading!
Carl M.
STX will hit $4-5 in 2024, and top at $40-50 by November 2025Hi everyone!
Here is one of my biggest positions in my portfolio, STX, which I have been holding since early 2023 and staking it. Other big investors like Tim Draper are extremely excited about Stacks and Bitcoin L2s, so hit up that Like and Follow buttons and now lets dive in the technicals:
Short-term and Mid-term, STACKS or STX is exhibiting relative bullish strength as it is completing two bottoming bull reversal patterns of the trend which if you have been following my analysis for the past 10 years on Tradingview and old or recent publications, is very common in Crypto and Altcoins to do:
(1) Adam & Eve at 0.23-0.19c
(2) Rounding bottom.
STX has still not broken the previous ATH at $3.25 so buying know below $1.81 is still considered an early entry and you could still make a whopping 2,600% in gains if this trade plays out as expected and we top at/near $50 by October 2025 through December 2025.
In the incoming days / weeks, I am expecting to see a strong rally (a bit similar to the blue fractal which represents the Gold cycles in the past 10 years~ for reference) towards the previous ATH resistance block at $3.25. I believe that thanks to the Bitcoin ETF recent approvals by the SEC, Crypto is now mainstream and that we should see enough momentum to break up higher and hit $4-5 as a fake out before we pull back down and consolidate between that resistance and the support block at $1.90-1.40~ for the rest of 2024.
Looking further ahead at the next bear market of 2026-2027, we can expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $4-5.
Best of luck and happy trading!
Carl M.
The Solana SOLUSD Road Towards the Megabull - Up to 2,000% GainsHi everyone!
I have more ALTS charts about to get published in the next few weeks, so hit up that Like and Follow buttons to receive the latest notifications!
Now lets dive in the technicals of Solana:
Short-term and Mid-term, Solana is exhibiting relative bullish strength as it is completing two bottoming bull reversal patterns which if you have been following my analysis for the past 10 years on Tradingview and old or recent publication, is very common in Crypto and Altcoins to do:
(1) Adam & Eve at $14-8
(2) Rounding bottom.
Solana has still not broken the previous ATH at $275 so buying know at $109 is still considered an early entry and you could still make a whopping 2,000% in gains if this trade plays out as expected and we top at/near $2,000 by October 2025 through December 2025.
In the incoming days / weeks, I am expecting to see a strong rally (a bit similar to the blue fractal which represents the Gold cycles in the past 10 years~ for reference) towards the previous ATH resistance block at $275. I believe that thanks to the Bitcoin ETF recent approvals by the SEC, Crypto is now mainstream and that we should see enough momentum to break up higher and hit $400-350 as a fake out before we pull back down and consolidate between that resistance and the support block at $150-100~ for the rest of the 2024 year.
Looking further ahead at the next bear market of 2026-2027, we can expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $150-100!
Best of luck and happy trading!
Carl M.
Stacks STXUSD to $40-50 by end of 2024Stacks NASDAQ:STX is exhibiting relative bullish strength after reclaiming the resistance block (seen in red) as support. Similar to 2020, currently it is completing two bullish reversal patterns of the trend such as a:
(1) double bottom at 0.23-0.19c and
(2) rounding bottom.
Once NASDAQ:STX rallies towards the top resistance block of the rounding bottom at $2.65-3.25 and successfully backtests it as support, we can expect the Megabull to be confirmed, leading NASDAQ:STX to rally and reach a peak by the end of 2024 at either $10 or $40-50 . This would represent a generous 5,000 to 23,000% increase from the all-time lows should we reach $10 or $40-50 respectively. Tim Draper is backing Stacks among others in the industry, so I would not be surprised to see it deliver great gains in 2024.
Don't forget to like and subscribe! I'll be publishing more ideas with targets for Bitcoin and altcoins in the incoming weeks.
Carl M.
Bitcoin Potential Falling Wedge Bull Reversal SetupHi All,
Here is my backup bull plan in case my theory that we will see Bitcoin test 34-32Ks and eventually 21-17K by February 2022:
If the bulls are successful at defending the 41-39.6K support successfully into next wee, look to buy the back test of the falling wedge's resistance as support at $45.6-44.2K should we confirm the break out by January 17-22.
Note that if you are buying at $41-39.6K that we may see a wick down to $37-36Ks to run all the stops but as long as it quickly recuperates above 40K and closes the Weekly candle at or above that level then the bulls keep the control and may resume the Megabull or attempt to into 2022!
Thanks,
Carl M.
Overview of the Ethereum Bear MarketHi everyone!
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
Here is my updated overview of the Weekly Ethereum ETHUSD Bear and Bull Cycles on the log scale. It seems at least for now the Megabull trend expired for Ethereum as expected around December 2021 with a top at $4,800-4,900.
Now a Bear Market is potentially starting but confirmation is needed with Sunday January 2nd's candle closing below the $3,860 1W Bollinger Midband.
There are major signals that cannot be ignored anymore on Ethereum at this point pointing to the Bear Market starting:
- Broke below the 1W Bollinger Midband at $3,860
- Broke its long-term log bull parallel channel similar to 2018
- 1W Momentum indicator flashing a sell signal similar to 2018
- An unconfirmed double top bear reversal at $4,400-4,900
I have also overlapped the 2018-2019's Bear Market's fractal to offer a quick comparison against the current price action. The last time we broke the 1W midband the the log parallel channel we dropped roughly 50%. Should we confirm this full-blown bear market, then look for a final bottom near $780-680 by October 2022 through January 2023 with a $150-100 margin of error.
Please note that the entire setup can be VOIDed if Ethereum regains and closes a Weekly above $4,250
Best of luck and happy trading!
Carl M.
The Weekly Overview of the Ethereum MegabullHi everyone!
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
Here is an overview of the Weekly Ethereum ETHUSD Bear and Bull Cycles on the log scale in preparation for the Megabull which triggers officially once we blast off the $1,420 ATH (All Time High) in the next few days or weeks. The short-term target I see once we break the ATH is at $2,700-2,760 approximately which is the textbook target of the rounding bottom bull reversal pattern (see idea published yesterday):
The log scaling is usually the best to use to clearly put an emphasis on the bull and bear cycles. Further more, log cycles coupled with the correct patterns and indicators can also help us outline accurately enough the cycle tops and bottoms to buy or sell at as I have labelled them for the current Megabull cycle.
Currently you can notice that Ethereum has completed a long-term bull reversal of the entire bear trend thanks to the following bull reversal patterns:
- Rounding bottom
- Double bottom at $80-90
I have overlapped the previous Megabull's fractal so we can gauge and compare the current bull market against it time and price action. Their will be with certainty be differences between then and now but we are looking in the end to also spot the top of the Megabull near November-December 2021 to sell at near the top of the long-term bull parallel channel .
For this Megabull cycle, I forecasted the final top of Ethereum to be a great sell/short opportunity at $28,000-31,500 around December 2021 - January 2022
Best of luck and happy trading!
Carl M.
Is Bitcoin heading into a longer Bear Market?Bitcoin has broken the the long-term 1W Bollinger Midband at $53.2K a week ago and was unable to recuperate above which marks either a (1) short-term bear trend or (2) a longer Bear Market at hand. It is not clear currently which of the two we're looking at but short-term Bitcoin is bound in a falling wedge.
The top of the wedge will be tested at $49.5-50.5K within 24 hours.
Should we fail there, then Bitcoin will likely fall deeper within the wedge down to offer us a great buy opportunity at $34-32K as we'd extend into a longer bear market.
Note, should we break out past 50.5K to retest 52-54K area then the falling wedge setup would have failed and we may be looking at a short-term bear trend (2-3 months) above 40K potential bottom after which a new bull trend would develop taking us to 150K by May 2022.
A bull market would confirm, once a Weekly candle closes above the 1W midband currently at 53.2K. Should this happen, I will look to ride the bull trend again, till then most of my profit has been taken.
Good luck!
Carl M.
The Overview of the XRPBTC Megabull to 0.00022 (30,000% Gains)A big hello to the XRP army out there! This chart is for you.
The chart speaks for itself. It is a direct comparison of the previous 2017 Megabull versus the current action and as you deduce, the setup is pretty much similar: XRPBTC is breaking out past the top of the blue falling wedge signaling a bull reversal of the entire bear market. Confirmation of this break out and bull reversal will come with a daily close at 0.00003170~.
Once we get that confirmation at 0.00003170 then XRPBTC could make its 30,000% move up to 0.00018-0.00022 if were lucky enough where I would look to sell at least 50% back to Bitcoin if all goes as expected. I am already fully loaded from the lower levels and been waiting patiently for this setup since last week.
Hit the like button and the follow button if you like this idea and check our profile for other recent setups for ADA, LTC and ETH and many more!
Best of luck and happy trading!
Carl M.
The Overview of the XRP Megabull to $34-40 with 30,000% GainsSup everyone!
After the positive news today for XRP following Judge Sarah Netburn's statement during the Ripple-SEC Hearing, I see now the big a possibility that Ripple reaches an ATH ( All-Time-High ) in this 2021 Megabull at $34-40 which would be minimum 30,000% from the the 0.14c ~ bottom as seen in my blue projection. Of course higher is also possible to $80 for a 60,000% gain but lets see in time what makes most sense by end of 2021 as we get closer to November-December 2021.
Hit the like button and the follow button if you like this idea and check our profile for other recent setups for ADA, LTC and ETH and many more!
Best of luck and happy trading!
Carl M.
Bitcoin Following the Short-term Fractal from 2017Hi everyone!
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
I have been eyeing this alternate Bitcoin fractal from the 2017 Bull Market compared to the current action. After bottoming at the 1D Bollinger Bottom Band at $50-49Ks we can expect Bitcoin to run up to the 1D Bollinger Midband/Resistance at $56-57 and fail then chop its way down in sideways to finally put a last sell off down to the optimal long-term buy/long area located in few weeks around the 1W Bollinger Midband or 21WEMA at either:
$45,000-44,000s
$42,000-41,000s
Place your orders there and chill out.
1D Bitcoin Short-term Chart:
Best of luck and happy trading!
Carl M.
Previous short-term Bitcoin successful calls:
Ethereum is in a Short-term Broadening WedgeHello All,
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
This is a simple chart to show that Ethereum is in a short-term broadening wedge. In addition, the 4H 6H 8H 12H 1D Bollinger Bands are ready for a big move to the upside to at least $2,700-3,000 textbook target of the rounding bottom.
Extra observation, nobody is talking about the 7 back to back bullish 3D candles seeing on the 3 Day timeframe:
Finally, check out our Ethereum long-term chart on Tradingview. The Ethereum All-Time-High (ATH) should be around $28,000-31,500:
Happy trading!
Carl M.
The Litecoin LTCBTC Road Towards the Megabull - Up to 450% GainsHello All!
Please hit that Like button and follow us to show support and keep receiving updates as this chart will be updated frequently since I have a big bag of LTC that I am waiting to flip to BTC at the right time. So lets read on!
This is a simple comparison comparing the LTCBTC Megabull from 2017 against the current 2021 Megabull as seen as the blue fractal on the chart. The idea here is pretty straightforward, "History Doesn't Repeat Itself, but It Often Rhymes" and in this case we expect something on that note with LTCBTC being a great Buy/Long at 0.004100-0.003850 and if it gets there in the next few days 0.003200-0.002500 followed by a breakout sometimes around February 22-25 if timing is still a thing or similar to 2017 (green arrow). From there we would expect a strong surge and big 400-450% gain on this trade towards the previous resistance/sell/short block of 0.0200-0.0250.
Buy/Support:
0.004100-0.003850 - HIT - I loaded here already
0.003200-0.002500 - If it gets here I will load some more
Sell/Resistance:
0.0200-0.0220 - Sell 75%
0.0230-0.0250 - Sell 25%
This is a game of patience and holding folks just like our successful DOGE trade was. VIA will also be a hold.
DOGEBTC
VIABTC
Best of luck and happy trading!
Carl M.
The Overview of the ZCASH ZECUSD Megabull to $2,500-2,800Sup everyone!
There is a possibility that ZCASH or ZECUSD reaches an ATH (All-Time-High) in this 2021 Megabull at $2,500-2,800 which would be a whopping 10,000% from the the $21 bottom as seen in my green projection. Of course higher is also possible but if needed I will update this chart near October 2021.
Technical analysis wise we do see ultra TWO bullish long-term bull reversal patterns via a (1) double bottom at $25-19 and a (2) rounding bottom (in blue). This sums it up nicely, the bear market is finally over and the bull market is on!
Buy/Support:
:white_check_mark: $25-19 - HIT / Double bottom
:arrow_forward: $56-50
:white_check_mark: $93-89 - Late risky buy - HIT
Sell/Resistance:
$112-123
$210-225
$405-423
$765-800 - Previous ATH
:arrow_forward: $1,500-1,600 - Rounding bottom textbook target - Sell 10-15%
:arrow_forward: $2,500-2,800 - Megabull Target - Sell 100%* (subject to revision/readjustment if it warrants it as we near October - December 2021)
Hit the like button and the follow button if you like this idea and check our profile for other recent setups for ADA, LTC and ETH and many more!
Best of luck and happy trading!
Carl M.
The Weekly Overview of the Cardano ADAUSD Megabull to $5Hello All!
Please hit that Like button and follow us to show support and keep receiving updates.
This is a simple idea to show that the Cardano ADAUSD pair will in my opinion reach $5 roughly this 2021 Megabull as seen in my green projection. Technical analysis wise we do see ultra TWO bullish long-term bull reversal patterns via a (1) double bottom at 0.025c and a (2) rounding bottom. This sums it up nicely, the bear market is finally over and the bull market is on!
Buy/Support:
0.03800-0.03500 - HIT
0.0300-0.0258 - HIT
0.51-0.45c - Late risky buy
Sell/Resistance:
$1.30-1.40 - Previous ATH
$2.70-2.75 - Rounding bottom textbook target
$5 - Megabull Target 1 - Sell 100%* (subject to revision/readjustment if it warrants it as we near October - December 2021)
Best of luck and happy trading!
Carl M.
Bitcoin following the Bull Fractal of 2016Hi everyone!
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
Since our last short-term chart, Bitcoin clearly bottomed at the 1D Bollinger Bottom Band at $30,500-29,500 which was a great buy/long. But some weakness presented itself on Friday and Bitcoin could not find the strength to break up to 35,600 before the weekend. This is just temporary hence the detailed chart I am presenting you.
So to compliment the previous short-term chart, I have another fractal to present that came to mind yesterday after waking up from a good night of sleep which is the fractal of 2016 with a similar short-term top and sell off. The fractal points to a potential double bottom at $30,500-29,500 around January 24 through 28 then the continuation of the Megabull slowly and gradually as we head up to $35,600-36,200 then eventually within a month or so to $60,000-62,000.
Best of luck and happy trading!
Carl M.
Bitcoin Bottomed at $31,000-29,500 Time to Run up test the ATHHi everyone!
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
Bitcoin clearly bottomed at the 1D Bollinger Bottom Band at $31,000-29,500 which is a great buy/long. Time go up test $34,600-35,600. I think we will break it and retest the ATH at $42,000 and even exceed it hitting temporarily $45,000.
The Megabull resumes sometimes near April towards $55,000 textbook target of the ascending triangle.
Best of luck and happy trading!
Carl M.
Bitcoin Following the Fractal of June - September 2019Hi everyone!
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
This is just an extra side alternate scenario that will most likely fail since fractals eventually tend to fail. Pretty much an extra to my main short-term idea I published yesterday:
So anyways I had an epiphany earlier this morning and my photo memory made a link to the top action back in June - September 2019. So I had a look and overlapped the fractal over our current action and "voila" we have some kind of similar action there wit ha giant bearish H&S and descending triangle . I am not saying this plays out to the letter, no since the action back then was a Bear Market versus now being in a Bull Market or Megabull I think we see Bitcoin break this fractal quite easily within days or weeks since the fundamentals are strong.
Fun thing anyways, lets see when or when it breaks.
Best of luck and happy trading!
Carl M.