BITCOIN, 2021 LEGACY, PROSPECTS TO A NEW-YEAR 2022!🎉Hello Community, the year 2021 is finishing and for Bitcoin, it was an important year. As I forecasted in my analysis for the year 2020 as well as 2021 the massive decade-cup-handle-formation BTCUSD has finally completed and printed a run-up of almost 260% from 17.900 USD to 64.500 USD. If you did not see this analysis I highly recommend it to watch as this analysis is building a coherent follow-up to the previous two years ones, I link them into this analysis. Now as these strong movements completed and Bitcoin formed a decisive structure there are pivotal considerations to watch out for in the new year 2022. Therefore I will look into these and explicate them so we can prepare for upcoming events as we also do appropriately in our Elite VIP Channels, in this manner, from my side a Happy New Years Eve for everybody. May 2022 bring you health, prosperity and good connections.
▶2021 As A Year Of Continued Bitcoin Adoption:
2021 is finalizing and we can see that important things moved Bitcoin in 2021, mainly we can see that 2021 was a year of institutions and institutional interest has grown reaching from bigger banks to companies like TSLA and also Microstragey moved on to accumulate more Bitcoin. This is why we have seen these strong volatility bounces in 2021 especially also as big players had their rigged approaches in Bitcoin. Nevertheless, 2021 was also a year in which mainstream adoption accelerated as several Bitcoin-ETFs and other Cryptocurrency ETFs got their approval, which is a positive development for a continued mass adoption that will hold on in 2022 as well. Also, a fundamental development that printed headlines was the fact that El Salvador launched to adopt Bitcoin as a legal tender which contributed to more positive sentiment for Bitcoin as an actual currency which was also a pioneer action that other countries are considering to follow. All these developments are showing that Bitcoin gets more and more adopted by the mainstream and that this trend is likely to move on which shows an abundant landscape for Bitcoin continue its historical monetary journey.
▶Technical Developments In 2021 And Prospects For 2022:
As when looking at my chart now we can watch there how Bitcoin completed the whole massive cup-handle-formation I mentioned in my previous years forecasts, this completion confirmed even more targets. Besides that as Bitcoin moved on to breakout the cup-handle-formation we can watch in this chart now that Bitcoin continued to hold on above the 60-EMA marked in red and above this EMA BTC has now moved on to form the next historical triangle marked in blue that I already mentioned in my triangle cycle analysis. As Bitcoin is finishing the wave count within this triangle there is a high possibility given that this whole formation completes which will happen when Bitcoin finally bounces above the upper boundary as seen in my chart. Therefore there is a great objection given on the middle to long term basis however on the more short term basis we should expect that volatility developments will increase further and that Bitcoin will show more and more rigged movements on short term outlooks as I already pointed out in my Rigged-Bitcoin-Analysis.
➥ Decade Cup-Handle-Formation Forecast In New Years Eve From 2019 To 2020 - Technical Analysis-Prospects For 2020:
➥ Completion Of The Decade Cup-Handle-Formation In New Years Eve From 2020 To 2021 - Technical Analysis-Prospects For 2021
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, have a good New Years Eve, lets move into 2022 together and boost the goals, 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.
Bitcoinsignals
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!
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The Satoshi Prophecy (Revised Chart)This TA is essentially a redefined version of my last TA which I will link below , best to start there before having a look at this one.
This chart for me projects more my vision for the final leg than my previous TA. There pretty much the same idea but this one I think shows a much clearer picture.
So what could be unfolding in the future is a massive ascending wedge and using an inverted Gann Fan from the date May 23rd 2022 (Check previous TA to understand why) we can speculate that this could be a future trend line that we will be following up to 187k.
The Fib time sequence 0.5 to 0.618 would be the trigger zone for the parabolic move and also confirm if the inverted Gann Fan is valid ,after that I see a 72% correct down back to the 0.618 at 52k , I don't think this cycle is going to be different maybe next but for now human behaviour is being repeated expect a similar outcome as last two cycles in someway.
Still hold that the top is going to be sometime May 2022 between May 15th -23rd 2022
BITCOIN GOOD SIGN ?Bitcoin trying to break EMA 50, Resistance Area and Fibonacci Area 0.618. If success it will be good sign to confirm Bitcoin still on the track.
Now, Bitcoin above EMA 20, only the beginning. Just wait and see.
note: only take position after confirmation and do your own research before trading.
The Satoshi Prophecy The final run of the bull market has begun!
Ever since June 2021 I have had two scenarios playing out for a Bitcoin cycle top.
December 2021 and April/May 2022, The TA below shows just that , two Cycle peak zones.
By the end of July I came to the conclusion that it was highly unlikely for December 2021 to be the cycle top so I focused more on my second cycle peak zone April -May 2022.
Why April-May 2022? , how on earth did I even come up with such a timeframe? The reason is Chainlink ,I have been using the same Chain Link/Bitcoin dominance chart for 3 years for trades with 100% success right , 100% how is that even possible? Well I play around with fibonacci time sequences alot and even link sequences together that have not even triggered yet in the future and in doing so sometimes you get sequences that play out to the exact day.
What you see below is a Fibonacci sequence that has played out perfectly on every count since I discovered it late 2019. Since then every trade based on this Fibonacci time sequence has resulted in massive moves.
Fib Time Counts :
2 Feb 3 2020 - 71%
3 June 23 2020 - 345%
5 March 29 2021- 88%
8 May 23 2022- ???
So what does the next count bring? This is the longest Fib time sequence I have been following ,for nearly 3 years waiting for these Fib counts to play out and it's been extremely profitable so far. These sequences act as pivot points most of the time , if you follow my profile you know that I use this tool a lot , sometimes you get amazing reactions and sometimes you get nothing. I think the next count brings the cycle top for Chain Link on May 23rd 2022 which connects with the same Fib time sequence as the Crypto Total Market Cap Excluding BTC! The next Fib sequence is guess what! May 16th 2022!
I can go on and on showing all the Fib sequences that line up around that time but I have chosen two of the ones that started this whole idea of a cycle peak April/May 2022. So far the Altcoin market peaked 28days after a Bitcoin cycle top in 2017 and 19 days after this Bitcoin mid cycle top this year at 64k April 14th 2021. So it is possible that Chainlink Fib sequence could be a clue into the Altcoin market top which puts Bitcoin cycle peak then possibly late April to early May 2022.
There is also a litecoin Fib sequence that could be playing out right now that again shows the next count to be 30th April 2022 or 5th of May 2022 and since litecoin mirrors Bitcoin it lines up with a cycle peak early May with the altcoin market peaking 15-20days after which connects with the Chainlink Fib sequence.
So how do I know the final leg is starting? Well what you see in the chart right now playing out is a perfect textbook 8/1 Gann ratio setup. The perfect setup has finally come , all conditions are now met for liftoff.
First attempt failure at 8/1 Gann , which normally happens on marco Bitcoin moves (RedBox)
Breaking the 8/1 Gann ratio (Green Box)
Coming back down and retesting as support(Yellow Box)
In the TA below dated October 12th 2021 I go over the idea that Bitcoin needs to come back down to test the top of the 8/1 Gann ratio but by the end of October I figured it's not coming back down. At a 65k Bitcoin and so far from the 8/1 Gann you get the idea that there is no way in earth we come back down to 46k but here we are over 60days after breaking the 8/1 Gann we came back down and tested it as support and completed the perfect setup.
As always nothing is 100% in this market but the 8/1 Gann setup like this on a macro scale for Bitcoin has an extremely high success rate.
Targets for this bullrun
Bitcoin -185-200k
Chainlink -200
ETH -14000
ECOMI -0.03(0.10 possible with they announce pokemon NFT before april 2022 and get coinbase listing )
And there it is, the perfect 8/1 Gann setup that will make human history when Bitcoin passes 100k.
“It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.”
— Satoshi Nakamoto
BITCOIN is testing a key Pivot line. Bullish if it holds.Bitcoin is printing a pattern on the 1D time-frame which previously turned out to be a bullish break-out, namely during late July - early August 2021 and mid April 2020.
As the charts above show, on all occasions, there is a Lower Highs trend-line involved which acts as a Pivot Level. Right now BTC testing that Lower Highs trend-line (that started from its November 10 Top) as a Support, having broken above it just a week ago.
When the same sequence took place in July - August 2021 and mid April 2020, the price held that trend-line upon testing it (green arrows) as a Support and that initiated a very strong rally. At the same time, the 1D CCI had broken above 100.00. Notice also how the Ichimoku Cloud is identical on all patterns. Once the price hits the now red cloud, the break-out is basically confirmed.
Will this pattern be repeated? Feel free to share your work and let me know in the comments section!
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Is Bitcoin Getting Ready To Hit 75 Or Rekt To 28K? Bitcoin is currently trading at $50,806.56 USD, with a 24-hour trading volume of $28,256,215,743 USD. (22-12-2021)
50, 51 & 52 ZONE Is extremely critical - will either take us down if failed to break 51 up or shoot to NorthPole if break 51,52 - we could see 75k before or by 31st December 2021
Guys, either way... you are in for a threat if you trade smart.
BTC, Magnificent EMA-Ribbon-Triangle-Pattern-Setup To Point ATH!Bitcoin in recent times is building an important structure, there are only a few days till the new year 2022 finally emerges in a broader context and important fundamental developments going on from a technological adoption and regulatory sight for Bitcoin and Cryptocurrency. The best always showed pivotal measurements and groundbreaking establishments moving on within the last month of the year and the first month of the new year, in this time-period Bitcoin and Crypto reversed from its huge bull-market in 2017 that set a paradigm for Bitcoin and Cryptocurrency and now in 2021 to the verge to 2022 we are at a point in which volume, technology, and institutional interest even increased a solid chunk more. In this case, now I discovered a main formational structure forming for Bitcoin that has been already seen in the past and which bares a high-likelihood-setup to finalize as Bitcoin holds above the 45.000 USD level now this is a central determination in which I detected all the important levels and upcoming destinies to consider.
Bitcoin EMA-Ribbon-Descending-Triangle-Pattern-Setup Forms Once Again:
It was the high of 2020 till 2021 bull market which formed in April 2021 and marked the beginning of the main descending triangle formation that is a huge factor in the pattern that followed upon it, the high in April 2021 also marked the high which followed the main corona pandemic recovery in which Bitcoin managed to recover in an absolutely exhilarating pace of the corona pandemics low. Once the whole descending-triangle completed and Bitcoin bounced within the EMA ribbons matching with the higher low trend line this was a origin of the great rally we have seen catapulting Bitcoin to a new all time high. In the current structure we can watch the very same mechanisms going on as Bitcoin managed to hold the EMA structure reaching from the 50-EMA to the 100-EMA and also bounced in the higher low trend line already, we can watch here the very similar pattern with a high possibility to finalize once again with a astonishing rally that can mark the new all time high for Bitcoin. How this pattern completes will show if Bitcoin manages to advance further in the new all time high region.
Upcoming Determinations And Prospects For The First Month January Of 2021:
Taking all these highly sophisticated determinations into the consideration and context here there are major factors on which we should be prepared when considering this whole pattern to complete again. Bitcoin will complete the whole pattern with a breakout above the upper boundary of the descending triangle as it is shown in my chart and when Bitcoin does so it will mark the beginning of a high-likelihood rally with a potential ABC-shape as we have seen it already in the pattern before. When this shape moves on again it will be highly decisive how Bitcoin actually moves into the new all time high region above the previous all time high, if BTC manages to hold above this region and actually set up on it this will mark the source of a continuation in this region. For now it will be important to keep patient and await the final confirmation before moving finally into the direction, as Bitcoin already holds the EMA-Ribbon-Structure strongly we can expect this whole confirmation to happen, this means we can expect the rally to accelerate in January, it will be an important development ahead.
In this manner, thank you for watching the analysis, enjoy the last days of 2021, and have a good time, it will be great when you support this analysis for more market insight and a kick-boost into 2022, all the best!
"Year’s end is neither an end nor a beginning but a going on, with all the wisdom that experience can instill in us."
Information provided is only educational and should not be used to take action in the markets.
BITCOIN The rally is about to startThis is a direct reference and extension of my "Rally kickstart test" analysis I've published two weeks ago:
As you see, Bitcoin did indeed find Support and closed a 1W candle above the 1W MA50 (blue trend-line), which completed the first condition for the new parabolic rally to start. The second is of course the 1D MA50 (grey trend-line) which if broken, it confirms the start of the new rally.
The reason is simple and it has to do with a comparison of the last consolidation phase of the previous Parabolic Rally in August - September 2020. This time I am illustrating the fractals a little bit differently than in my "Rally kickstart test" analysis, as this way the comparison becomes more evident. As you see it was on the October 05 2020 weekly (1W) candle, when the price broke and closed above the 1D MA50 that the Parabolic Rally started. Notice how even the 1W RSI sequences of the two fractals are virtually identical and hit the exact same pressure levels top and bottom. The RSI has now made a Higher High and is taking off. Will BTC follow?
Feel free to share your work and let me know in the comments section!
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BINANCE-COIN, Massive Ascending-Triangle!!Hello,
Welcome to this analysis about Binance-Coin and the weekly timeframe perspective. The cryptocurrency market these days is shifting constantly and the divergence between certain cryptocurrencies is increasing more and more. This is why there are crypto coins that show high bullish potentials while others form more bearish setups. In this case, I detected a main bullish potential coin with Binance Coin and therefore I am explicating the main structural developments, upcoming potentials and how the whole formation finally completes. As when looking at my chart we can watch there how Binance Coin is building this huge massive paramount ascending-triangle-formation and already severely bounced within the 35-EMA in red and the 15-EMA in green within this formation. Besides that Binance Coin has a coherent wave-count within the formation reaching from A to C which has already almost been completed. Now with the finalization of the wave-C Binance Coin is testing the lower boundary of the formation and the EMA structure within there. When Binance Coins manage to bounce appropriately and bounce in the lower boundary to breakout above the upper boundary this will complete the whole formation and upper target determinations will be activated with BNBUSD setting up to a continuation. In this case, we need to watch out how BNBUSD bounces above the 660 USD level to complete the formation as it is shown in my chart, when this happens in a profound manner we can expect and prepare on the further continuations to follow up, it will be an interesting journey 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.
BITCOIN Pitchfork and Historic Fibs target + $300kThis is not the first time I use the Pitchfork tool on Bitcoin and certainly it won't be the last as despite not being a popular indicator among traders, it has proven to me how effective it can be, even on the long-term at projecting Bitcoin trends. Last time I published such an analysis was on May 21:
See how accurately the price has been trading within the 0.236 levels with the median as the pivot ever since the May sell-off.
** Application of the Pitchfork **
On today's analysis, I am applying the Pitchfork even wider on the 1W time-frame. Starting from the November 2011 bottom and using the December 2013 as the High and the January 2015 as the Low, we see that BTC has been trading almost entirely within its levels, with just two break-outs in August 17 2015 and December 04 2017. That is why I've added the 1.5 (dotted black) line, which contained the price during those break-outs and the 2.0 (blue) line as future reference.
** The Buy Zones, the Channel Up and the 1W MA50 **
As the chart shows, the lower 1.0 - 0.5 lines provided in 2015 - 2016 the Buy Zone (exception being as mentioned the August 17 2015 candle) and during 2019 - 2020 that role was taken by the lower 0.5 - median lines (exception being the March 2020 COVID crash candle). This ascending pattern of the Buy Zones is attributed to the fact that since the December 2013 Cycle Top, Bitcoin has been trading within a Channel Up (blue pattern) and that's why the 1W MA50 (blue trend-line) has been moving the Buy Zone in each Cycle higher and higher.
** The +.382 Fib progression **
Those who follow me on TradingView and Reddit before, know that the 0.382 Fib progression is a concept I've introduced years ago. That includes that, starting from the June 06 2011 and the November 14 2011 1W candles as High and Bottom respectively, every BTCUSD Cycle Peak that followed was on a 0.382 progression: the December 2013 was just below the 2.382 Fibonacci extension while the December 2017 on the 3.382 Fibonacci extension. Naturally, if this pattern continues to replicate this progression, the next Cycle Top should be near the 4.382 Fib extension, which is around $375k. A level a little below that number, combined by the introduction of the Pitchfork and its 1.5 'extreme' level, would be around $300000. So it wouldn't surprise me to see that as a Cycle peak within 2022.
What do you think about the above? Should we expect 300k based on this Pitchfork and Fibonacci combo? Feel free to share your work and let me know in the comments section!
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BITCOIN is still far from a Cycle Peak according to the 2Y MA.A lot of talk is being made lately about whether Bitcoin has made its peak and is entering a new Bea Cycle or not. In a previous long-term article, I've introduced the concept of how BTC behaves when new ATH is made without previously hitting the former Cycle Peak. On today's publication I plot alongside those 'Triangles' idea the 2Y MA Multiplier indicator in order to more efficiently illustrate why having a Cycle Peak already is not likely.
As you see on the chart, the time-frame is the 1W (weekly) but the MA periods shown vary. Starting with the bold, the green line represents the 2Y MA while the red one displays the 2Y MA Multiplier X5. The orange line is the MA200 on the 1D time-frame while the blue is the MA20 on the 1M time-frame.
As you realize, the 1M MA20 follows the 2Y MA quite closely. Historically, every dip below the 2Y MA has been a buy opportunity and the good news is that this has risen significantly to the 28650 level currently. The 2Y MA50, which is the focal point of this analysis typically raises a flag of a Cycle Peak formation when it breaks. In February 2021, the price got rejected just below that level, which historically indicates that the current Cycle hasn't peaked yet.
At the same time, the 1D MA200 and the 1M MA20 have started to converge. Every time that happened, BTCUSD started an aggressive rally shortly after. It is very probable that we are on the last consolidation phase (blue Triangle) before the last parabolic rally of the Cycle (which I've illustrated on numerous ideas before) that will eventually break above the 2Y MA x5 Multiplier and form the Cycle Peak.
Do you agree with this? Are you waiting for the 2Y MA x5 before starting to call for a top and sell? Feel free to share your work and let me know in the comments section!
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Bitcoin fresh reversalHello Everyone,
Finally, BTC has made a move.
Bitcoin has broken the falling wedge. This is a bullish sign with a target of the pattern 52k minimum.
To make it simple, we have finally broken the bearish structures of the lower high, and we are now forming the first higher high after a month of bearishness. This is positive. However, the perfect sign will be for bitcoin to form a higher low in the short term creating a bullish uptrend structure.
Considering the wedge, when the price breaks a pattern, it is usually the start of the first wave of a minor degree which will start the new impulsive wave. Hence I have highlighted my expectations with BTC reaching 60k before falling again back to 52k, forming a higher low of intermediate degree.
Now, I plan to catch the move with the first retracement at 47800, laddering in the alts I was left behind.
This also always comes with risk so I will set a stop loss.
As I won't be entering with leverage, I will live the Stop loss a bit lose looking at around 45k. If that level is lost and this push comes short, it is a clear indication that the bears are in control.
Please have a great Xmas everyone, looks like CryptoSanta is about to bring us some nice presents.
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BITCOIN The 2020 COVID fractal says we've bottomedIt's been prove that more often than not, fractals on Bitcoin work and consist a great deal of the analyses I publish here for TradingView's audience. Past/ historic behavior is a great way at making future projections and within these lines, I've prepared today's analysis too, by comparing this year's sell-off due to Musk/ China's ban and subsequent recovery to the 2020 COVID sell-off (and subsequent recovery).
I won't be getting into too much detail, but as you see by the markings and explanations I've plotted on the chart (1D time-frame), the two fractals are extremely similar:
a) The basic structure consists of a Lower Highs (red arrows) and a Higher Lows (green arrows) trend-line, which provide initially Resistance and then Support levels respectively.
b) When the MA50 (blue trend-line) crosses below the MA100 (green trend-line), BTC is around a Bottom. Similarly, when the MA50 crosses above the MA100, BTC is around a Top. The last MA50 crossing above the MA100 marked a rally (step 7) in mid October 2020.
c) The RSI bottoming sequences are also identical, marking a bottom on the last Lower Low of the trend-line (second green arrows), which is basically where we're at right now.
So based on this fractal do you expect BTCUSD to make a bottom soon and will the next 1D MA50 crossing above the 1D MA100 initiate a new parabolic rally?
Feel free to share your work and let me know in the comments section!
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