The Bitcoin Event Of 2023The Next Big Bitcoin Event
Its getting to that time again the next Fib time sequence is around the corner, for months I have been going on about the next date, the last week of June 2023. Last year we managed to predict the biggest move of 2022 end of May/June 2022.
I would say I was pretty dam close and if you look at the date of that publication that was January 2022 so months before this timeframe, I already knew the outcome and it was all because of this Fib time sequence I have been using for over a year now.
When it comes to technical analysis I focus a lot on time, I think time is the key to be ahead when these macro pivots come and so far on a macro timeframe, we been successful since the start of 2022. The Fibonacci time sequence you see the main chart about is one I’m currently following closely even though is not the one, I have been following for over a year it still lines up to last week of June 2023.
If we look at the last cycle when can see that the timeframe between 0.5-0.618 happen to be a major pivot.
If we zoom in, we can see how closely 2019 its following, if we continue mirroring then its possible we see 38k top by end of June 2023 and come May 8th (0.5 Fib) we shall start seeing the pivot to the upside. Many traders are pointing to a retest of the top of previous resistance which was 25k , I think that is also possible but we would have to close above the 0.382 fib Fan to keep this rally alive , so a wick down to 25k and a close above 26k , just like it did march 6th 2023 with that massive weekly candle wick.
This date May 8th is lines up closely with the next FOMC meeting where will see what rate hike we will get if we get a pause, it would be setting up perfectly for one leg up, history shows that pauses cause short term rallies which are then followed by massive drops.
USDT dominance broke and closed above the 2/1 Gann Fann that I was watching closely which is not a good sign at all , if Bitcoin did wick to 25k then its most likely USDT would go up to the 3/1 Gann fan which is where it got rejected last time again march 6th 2023.
The bump and run that took Bitcoin out of a bear market last cycle gave us the pico top at 13.8k which was the 0.618 , this was the technical breakout target of the bump and run reversal
So this is where things getting interesting, the technical breakout target of this years bump and run that did the same thing as last cycle, took us out of a bear market is 60k , that’s right folks that’s the target of this Marco pattern.
So now to the doom and gloom the red dashed projection on the main chart. Every cycle we make a Marco double bottom , it will be a black swan event , last cycle it was covid this cycle war/banking etc many catalysts out there pick one , here it does not matter if it comes we go in heavy because we will be expecting it.
As you can see the double bottom happens before the halving event always and we are about 300days off the next which is in April 2024 so it is possible that we get the “pivot” for the crash coming last week of June 2023 if we keep on making lower lows on the daily week after week.
This year it is definitely much harder to call a direction, most of the market thinks we have plenty of time to move up but for me its 60days for the move whether is up or down it all depends for me on holding that 0.382 fan fib , we start closing under it come end of June then red projection is likely to play out , one thing for sure coming into this timeframe things are going to get crazy.
Bitcoinsignals
BITCOIN The astonishing symmetry with 2014/15 shows $49k in NovOn today's analysis we look into Bitcoin (BTCUSD) on the 1W time-frame and compare the current Cycle with that of 2014 - 2017. As you see there is so far an astonishing symmetry between the two, with the price currently consolidating after almost hitting the 0.5 Fibonacci retracement level three weeks ago. For the Fibonacci calculations we have used the price top and bottom as suggested by the 1W RSI, which is the backbone of the analysis. This indicates that the Cycle Top (on RSI terms) was on the week of April 12 2021 (and not Nov 08 2021) while the Cycle Bottom was on the week of June 13 2022 (and not in November 2022, which was in the aftermath of the FTX crash).
So far the three Phases have lasted almost the same time. If Phase 3 (yellow) ends this week on a 46 week duration such as November 30 2015, then on the next 1W candle we will start Phase 4 (green), which in 2016 lasted for 28 weeks and on its end hit the 0.786 Fibonacci level. As a result, this is a highly probable target, with the 0.786 Fib being at $49000 and the 28 week span ends on November 13 2023.
With the 1W RSI pulling back after hitting the 70.00 overbought level in April, do you think BTC will start a strong Phase 4 next week towards FWB:49K ? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BTCUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
BITCOIN How the VIX will push it (along with stocks) much higherYou may be wondering what Bitcoin (BTCUSD) has to do with the S&P500 index (SPX) and the Volatility Index (VIX). Well this chart gives you the answer and sets the tone for the remainder of the year and beyond.
As you see Bitcoin (chart on the left) rebounded on the Higher Lows trend-line that started on the December 2018 Low (and only broke during the COVID crash). The S&P500 (chart in the middle) is following a similar pattern as its Higher Lows trend-line (that only broke during the U.S. - China trade war and the COVID crash) held and gave the index a push last October.
At the same time VIX (chart on the right) has been holding its Higher Lows trend-line up until this month (April). This bearish break-out implies that the index that measures the market volatility will most likely drop further indicating a decline in uncertainty and setting a risk-on tone for stocks and crypto alike. The lower the volatility, the higher risky assets such as stocks and crypto trade.
Do you think that will be the case for the rest of the year and probably beyond after this bearish break-out on VIX? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BITCOIN Held key Cycle Support, preparing a mega break-out!Bitcoin (BTCUSD) is rebounding off the 0.5 Fibonnaci Lower Lows trend-line that provided Support numerous times during the previous Cycle but when it finally closed a 1W candle below it (June 06 2022) it started the final bearish sequence.
Currently this is very positive for the upside's chances and if BTC manages to close a 1W candle above the 0 Fib, we can see the final two bullish waes to 36000 and 43000. At the same time, the Higher Lows trend-line since the market bottom is holding, while the 1W MA50 (blue trend-line) hasn't been re-tested in a month and a half.
Do you think that hold on the 0.5 Fib was the key and we are off to the races again? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BITCOIN hit the 1D MA50 after 40 days!Bitcoin (BTCUSD) hit yesterday (and closed above it) the 1D MA50 (blue trend-line0 for the first time since March 13. At the same time it almost touched the 0.618 Fibonacci level of the Channel Up, which has been the last level of Support before the bottom of the Channel Up.
The key here are the 1D RSI and LMACD indicators. We've placed both on the same pane and as you see they both imply that we may be in a similar spot as March 07 - 10. Whether we get a macro catalyst (it was the Credit Suisse crisis then) that will pull the price back to the bottom of the Channel Up or not, that remains to be seen.
If BTC closes a 1D candle below the 1D MA50, it is possible to see that last pull-back to the bottom of the Channel Up. If not, expect a rebound from current levels. In either case, our target is 33000.
Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BITCOIN Cycle Phases in a very demonstrative way!post, we are looking into Cyclical phase and demonstrate them in a way like you've never seen before!
Each Cycle consists of the Bear (red), Transition (blue) and Bull (green) Phases. The Bear Phase ends at the bottom of the Cycle, where the Transition starts and typically after the price breaks above the 0.786 Fibonacci retracement level, the Bull Phase starts.
At the moment BTC is above the 1W MA50 (blue trend-line), has already started its Transition Phase and is expected to stay within it, until the 0.786 Fib breaks. Technically this may not happen before the next Halving (4), which due on May 2024. If it breaks earlier, expect the next Bull Phase (which is usually the most aggressive/ parabolic part of the Cycle) to start earlier.
Do you like this Cycle representation? Feel free to let us know in the comments section below!
P.S. The Cycles and trend-lines may get distorted and displaced based on your screen display. Adjust the axis accordingly to view the image as it is shown outside the idea.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Bitcoin Long Trade (High Risk)Interesting fractal appearing here on the 1hour , this is the same fractal that appeared when Bitcoin made that massive bear trap down to 19.5k.
This fractal appears in all timeframes and it is a bottoming fractal most of the time.
The higher the timeframe the bigger the move , this was the fractal that formed at 15-18k range.
Closing above the blue line within this pattern would be key here to long ,risky one no doubt.
BITCOIN being pumped after China bonds macro cycle bottomIt is not the first time we look into how the Chinese bonds (with our unique CN02Y/CN20Y ratio displayed by the green trend-line) affect Bitcoin's (BTCUSD) Cycles:
It is however the first time we add stocks (S&P500 with the blue trend-line) in the mix. We can see the Cyclical behavior of the bond yields ratio as illustrated by the Sine Waves. Every time it bottoms, BTC and stocks bottom as well and start a cyclical rally. Additionally, you can see how the ratio has been on a Channel Down for the past 10 years, supporting the bullish expansion on both Bitcoin and the stock market.
Since the bond yields ratio is already rallying hard with BTC/ stocks following, do you think that this is just the beginning? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BITCOIN The next leg up can reach $40000Bitcoin (BTCUSD) continues to follow the pattern of February - June 2019. The consolidation on the Higher Lows 1 has now been succeeded by a consolidation on Higher Lows 2. On June 10 2019 that started the final rally, roughly symmetrical to the one that took the price from Higher Lows 1 to Higher Lows 2 (+75%), to the HKEX:13900 peak.
If BTC continues to replicate this, then the current Higher Lows 2 should give way to a +48% rise that can take the price to $40000.
Is this how high the next leg up can go? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Will Bitcoin drop to $1,000 check ithello traders what do you think on bitcoin this is on monthly chart .many are expecting it to a 100k of course the fundamentals hold the prediction when it comes to long term than the technical but still for any market to be efficient it need to balance the book what is your thought on it let me know in the comment .
Bitcoin : Bulls are losing momentumSome divergence we are seeing on the higher time frame and it looks like that I will enter short position right after the price breaks below the support trend line anticipated. Also watch the area of .382 Fibonacci retracement level which is having an alignment with the strong support at $26700 level.
BITCOIN Don't sleep on this MegaphoneThe Megaphone pattern you see on this 1W chart certainly doesn't get enough attention as other, most cyclical and systemic patterns prevail. Bitcoin (BTCUSD) however has formed a similar structure during the previous Bull Cycle, right after the first rally top.
The moment that pattern broke to the upside (Fibonacci 1.0), the price spent as much time from the bottom (Fib 0.5) as the bottom did from the start (Fib 0.0). On the current pattern the bottom is on the November 07 2022 1W candle and that gives a projected break-out above the Megaphone on the week of June 03 2024. That isn't at all unrealistic as it times very well with the next Halving 4 event (scheduled on March 2024), which is the supply shock event that historically boosts BTC's price into the most aggressive Parabolic Rallies.
Do you think this pattern is of any importance? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BITCOIN Keep it simple. 1W RSI above 70 = rally!Bitcoin (BTCUSD) on the 1W time-frame is about to see its RSI break above the 70.00 overbought barrier. A simplistic yet reliable historical way of viewing the current situation is that every time the RSI broke above this level, BTC was either starting a mega Parabolic Rally or was in the middle of a smaller rally. On five occasions the rallies were very aggressive, on four there were less, the kind of rallies we see at the start of a Bull Cycle.
What is it going to be this time? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BITCOIN has started riding 'The Bollinger Wave'. Fullspeed rallyBitcoin (BTCUSD) is witnessing a strong green week, following three straight weeks of flat price action that got many questioning the strength and durability of the rally since the start of the year. A simple indicator comes to give the answer on the 1W time-frame. It is the Bollinger Bands that display a very distinct characteristic during BTC rallies (similarly during downtrends as well).
We call that "The Bollinger Wave" and it is the upper Bollinger Band (blue trend-line) on the 1W time-frame that Bitcoin rides as a "wave" during a Bull Rally. The chart on the left shows the last two such rallies, with the current being the 3rd one as the price has been "riding" the upper Bollinger since the week of January 16.
The chart on the right shows all such rallies since 2010. It is easily noticeable that when such rallies start there is now easy or quick stop to them and they are supported by the Bollinger's Basis (orange trend-line). This is the exact same trend-line that offered the strong rebound of March 6th.
How high the current rally can go before getting exhausted is anybody's guess but two things are a fact: a) It has only just started and b) the Bollinger Basis has risen to 22435 and is now the long-term Support.
So what do you think? Will Bitcoin continue to "ride the Bollinger wave"? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Bitcoin- 30k next?Since 3 weeks, Bitcoin is consolidating in a range that is becoming tighter and tighter and formed a symmetrical triangle on our chart.
There are great chances for an up break and in such an instance the most obvious target for bulls is the 30k zone.
The medium-term trend is clearly up and only a drop under the 27k zone would put a pause on this tendency.
28k could be a good price for buying with an acceptable risk:reward
BITCOIN, NASDAQ, DXY all on Huge Pivot Zones! Tick tack..With the high degree of correlation among financial assets, it is not a coincidence that Bitcoin (BTCUUSD), Nasdaq (NDX) and the U.S. Dollar Index (DXY) all are on Huge Pivot Zone, the behavior of which is more likely going to determine the trend for the next several months.
Bitcoin's Pivot Zone has been in effect since January 2021 and is just above the 0.382 Fibonacci retracement level. Nasdaq's has been in effect since May 2021 and is also just above the 0.382 Fib. DXY's has been in effect since May 2022 and is right on the 0.5 Fib.
All are on the opposite side of their 1W MA50 (blue trend-line) and their Cycle trend-line, indicating that it has been a while since the break-out hence the trend change from bearish to bullish (for Bitcoin and Nasdaq) and vice versa (for the DXY). The one with the biggest potential (downside) is the DXY as it is the only one having not touched the 1W MA200 (orange trend-line) yet. This should have a sizeable bullish impact on both Bitcoin and Nasdaq.
So are all three assets on those Pivot Zone at the same time by coincidence? Will a DXY break lead the other two? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BTC DOMINANCE Massive alt season about to start?According to the BTC Market Cap Dominance (BTC.D), a huge alt season may be upon us if the Rectangle that has been ranging in since May 2021, breaks to the downside. The pattern is quite similar to April 2014 - June 2016. That was when Bitcoin (orange trend-line) was in a Bear Cycle and on September 2015 it was coming off of it. It appears that we might be where that fractal was around December 2015.
Is investing in alts a good idea here?
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BITCOIN Is 300k the true potential of this Cycle?Bitcoin (BTCUSD) isn't backing down, withstanding to perfection so far any noise in the stock market, a development that establishes that its new Bull Cycle is well underway. Having broken above the 1W MA50 (blue trend-line) and what will most likely be the 4th straight weekly closing above it, we can see that it is testing (and so far struggling to break) the key former Support of the Bear Cycle (Fibonacci 1.0).
The previous Cycle made an aggressive rally to the 2.0 Fib extension after it broke above the Bear Cycle's Support (Fib 1.0) and peaked 28 weeks after the bottom. In an amazing act of symmetry, we see that these last two Bear Cycles lasted for 52 weeks each. Since so far the moves are proportional, we cannot easily dismiss the probability of this '1st Rally Phase' being also 28 weeks and reaching as high as the 2.0 Fib, which is a little over $53k.
Beyond this, a year of basically ranged trading wouldn't be unrealistic, until the Halving 4 event (which is programmed for March 2024) that will inflict a huge supply shock and as it did in May 2020, initiate the final, mega parabolic rally of the Bull Cycle. That part of the previous Cycle, from the time BTC reached the 0.2 Fib until its November 2021 peak, lasted 124 weeks. The peak was achieved a little under the 5.0 Fibonacci extension.
A repeat of makes $300000 by October 2025 a plausible target. Does this reveal Bitcoin's true potential for this Cycle? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BITCOIN About to wave goodbye to 30k for good if broken?Bitcoin (BTCUSD) is ahead of a critical breakthrough on the 1W time-frame. The former Support of the first half of the Bear Cycle is around 30k and is currently being tested. History has shown that when this level gets tested as a Resistance and breaks during the start of a new Bull Cycle, it never gets retested (cannot count the irregularity of a once in 100 years event like the COVID pandemic in March 2020.
At the same time time, when it breaks the 9°Lower Highs trend-line, the Parabolic Rally starts and doesn't look back. All this while the 1W LMACD is on perfect symmetry with the previous Support tests.
Are we about to wave 'bye bye' to 30k for good? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BITCOIN Inverse Head & Shoulders gives historic bull runs!Bitcoin (BTCUSD) is in the process of completing a peculiar Inverse Head and Shoulders (IH&S) pattern on a bullish slope. This has historically been extremely bullish for BTC. For reference, we post the most recent such formation (June - August 2021) and the whole 2017 Parabolic Rise which contained 5 similar patterns. The technical target is the 2.0 Fibonacci extension, currently a little over $38000.
Do you think that's BTC's immediate target? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇