Here's What We Need for the Bull Run to Begin!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I always keep an eye on USDT.D to gauge the overall sentiment of the crypto market.
📚 As long as USDT.D remains within the descending triangle, expect a ranging market.
🏹 For a Bull Run to be confirmed , USDT.D needs to break below the lower boundary of the triangle and the 5.2% mark. (daily candle)
In this scenario, BTC would break above $70,300 (weekly candle), potentially leading to a movement toward the $100,000 round number.
Currently, USDT.D is hovering around a strong support zone, so we expect the bulls to take over in the short term, pushing the price up to the red supply zone and the upper orange trendline.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Btc-bitcoin
Bitcoin can make correction and then continue to growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few days ago entered to wedge, where it at once rebounded from the resistance line and dropped to the support line of this pattern. Also, the price broke the 59000 level, which coincided with the buyer zone, but later BTC turned around from the support line and in a short time rose to this level and broke it. Then it made little correction to the buyer zone, after which continued to move up to the 65300 current support level, and even entered to support area, but soon turned around and fell below, making a fake breakout. Price tried to grow, but failed and dropped to the support line of the wedge, which coincided with the 59000 level, and then made a strong impulse up to the resistance line of the wedge pattern. Also, BTC broke the 65300 level, after which made a retest inside the support area, and now the price trades near the resistance line of the wedge. So, in my opinion, the price can make correction to the support area at first and then it will rebound up, exiting from the wedge. Next, I think, it can continue to grow, therefore I set my TP at 71K points. Please share this idea with your friends and click Boost 🚀
BTC Monthly looks almost primed and ready#BTC was/is in a mild correction or consolidation phase.
The RSI stayed above 50 which is VERY GOOD.
Money flow remained in the overall scheme of things and still looks good.
IMO this looks similar to #BTC during the 2018-20 setup phase.
(Opened the chart to a weekly for a better view)
But don't think we get a harsh dip like in mid 2020.
#Bitcoin #crypto
Pls see profile for more info on posts
$BTC finally looking good at upper range of downtrendCRYPTOCAP:BTC is currently trading above the highs of last bull run.
#BTC was here yesterday but it gave it back and rolled under.
A lot of resistance in this area. How will it do today at close?
Still in a downtrend but this is the best #bitcoin has looked when testing the upper part of the channel.
Weekly it is looking great. ALMOST THERE!!! A little bit more!
#crypto
(Try and post here as much as possible but pls see our profile for more info)
Is Bitcoin's Golden Cross Signaling Parabolic Moves Ahead?Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investing in cryptocurrencies is highly volatile and speculative, and it is essential to conduct thorough research before making any investment decisions.
Bitcoin (BTC), the pioneering cryptocurrency, has exhibited a remarkable surge in recent days, forming a bullish technical pattern known as a golden cross. This development has fueled optimism among analysts, who are predicting parabolic price movements shortly.
Bitcoin's price has consistently climbed over the past three days, reaching its highest point since July 29th. This robust uptrend has propelled the cryptocurrency to retest the psychologically significant level of $68,000, marking a substantial increase of nearly 40% from its August low.
The Golden Cross: A Bullish Signal
The formation of a golden cross occurs when a short-term moving average (SMA) crosses above a long-term SMA. This technical pattern is widely regarded as a bullish signal, suggesting that the underlying asset is experiencing a reversal from a downtrend to an uptrend.
In Bitcoin's case, the golden cross was formed when the 50-day SMA crossed above the 200-day SMA. This indicates that the cryptocurrency's short-term momentum has turned positive, potentially signaling a sustained uptrend.
Analysts Forecast Parabolic Moves
Encouraged by the golden cross and Bitcoin's recent price performance, analysts are expressing bullish sentiment and predicting parabolic price movements. Parabolic moves refer to rapid and exponential price increases, often characterized by a steep upward curve.
Several factors are contributing to this optimistic outlook:
• Institutional Adoption: The growing interest and adoption of Bitcoin by institutional investors, such as corporations and hedge funds, are seen as a significant catalyst for price appreciation.
• Macroeconomic Factors: The ongoing uncertainty surrounding global economic conditions and inflationary pressures is driving investors towards safe-haven assets like Bitcoin.
• Technical Indicators: In addition to the golden cross, other technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are also signaling bullish momentum.
Breaking Above the Falling Wedge
Bitcoin's price action has also been supported by a breakout above a descending falling wedge pattern on the daily chart. This technical formation suggests that a bullish reversal is underway, further bolstering the case for higher prices.
However, it's important to note that while Bitcoin has reached a new high, it has yet to close a daily candle above the resistance level of the falling wedge. A successful close above this level would confirm the breakout and increase the likelihood of further upward movement.
Conclusion
The formation of a golden cross and the breakout above a falling wedge pattern have ignited bullish sentiment surrounding Bitcoin. Analysts are predicting parabolic price movements as institutional adoption, macroeconomic factors, and technical indicators all point towards a sustained uptrend.
While the cryptocurrency's future remains uncertain, the current technical landscape suggests that Bitcoin is well-positioned for a significant price increase. However, it's crucial to approach investing in cryptocurrencies with caution and be aware of the inherent risks involved.
Bitcoin could go parabolic very soon!Hello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
I got 2 scenarios that's considered BULLISH clearly..
Yellow line: Breakout now and retest the channel for higher prices later on
White line: Have some corrective price action now and breakout a bit later
Always a chance none of these scenarios works.. But we shall see!
BOOST and follow for more charts
NFA DYOR <----
Bitcoin Warming Up: $74K Breakout or a Pit Stop at $66K?Good morning, Trading Family!
Bitcoin is in cruising mode, hovering around $68K, and the market’s energy is building. Will it rev up and shoot toward $74K, or will it need a breather and drift back to $66K? It’s like watching BTC decide if it’s ready to party or just stretch out on the couch for a while.
With key levels in play—$68K acting as the middle ground—it’s all about which side grabs the wheel. Green arrows are signaling a breakout if momentum kicks in, but those red arrows are lurking, ready to drag it back down if buyers run out of steam.
Stay patient and focused. Trade what you see, not what you hope for.
– Mindbloome Trader
Bitcoin Breaks Trend Line Bitcoin has just broken the trend line resistance on the daily timeframe. With the recent bullish sentiment, we anticipate a continuation of the rally once the breakout is confirmed. Our first target is the FWB:73K region, a previous key resistance zone. If the price breaks through this level, we could see a move towards $80k and beyond.
Technical Analysis for Numerico (NWC/USDT) + TRADE PLANTechnical Analysis for Numerico (NWC/USDT)
The price is showing a breakout potential at the top of the channel, which may signal a trend reversal.
Descending Channel Pattern:
Resistance: The upper trendline shows where the price has faced rejection multiple times. The resistance level is gradually declining.
Support: The lower trendline indicates strong support, where buyers have consistently entered the market, preventing further decline.
Breakout Potential:
The price appears to have tested the upper trendline of the channel. The arrow pointing upward suggests the possibility of a breakout above the descending resistance, which would indicate a bullish reversal.
Indicators:
Volume: A spike in volume supports the possibility of the breakout. A breakout with increased volume is generally a stronger confirmation of the trend change.
VMC Cipher B: This momentum oscillator shows a shift from negative to positive momentum, implying that the buying pressure is gaining strength.
RSI (14): The Relative Strength Index is around 58.66, indicating that momentum is neutral to slightly bullish. RSI above 50 usually signals increasing buying pressure.
Stochastic RSI: The stochastic RSI is currently in the overbought zone (91.21), which might signal some short-term correction, but the overall momentum remains strong.
HMA+ Hist: HMA (Hull Moving Average) shows that the histogram is close to zero but shifting upward, which could imply a possible change in trend direction soon.
Support and Resistance Levels:
Immediate Support: $0.0719 (marked by the horizontal blue line).
Resistance Zone: Around $0.0753 (upper edge of the channel).
Great Entry Point: The label indicates that a long entry is ideal around the breakout zone, with an upward arrow suggesting that this level ($0.0721) could offer a solid risk-reward ratio for buyers entering before a potential upward movement.
Trading Plan
Entry Point:
Enter the trade at the breakout above $0.0721 (highlighted as the "Great Entry Point"). If the price closes above this level on the 4-hour timeframe with significant volume, it will confirm a bullish breakout.
Stop-Loss:
Place a stop-loss slightly below the recent support of $0.0719, at approximately $0.0690, to minimize risk in case the breakout turns into a false breakout.
Profit Targets:
First Target: $0.0800 – This level aligns with a previous resistance zone and would be a conservative target for short-term traders.
Second Target: $0.0850 – If momentum remains strong, the price may continue toward this higher level of resistance, providing a larger reward.
Risk Management:
Ensure a risk-to-reward ratio of at least 2:1. For example, if the stop-loss is set at $0.0690 (risk of approximately 3%), aim for the first target at $0.0800 (a reward of approximately 10%).
Use position sizing techniques to risk only 1-2% of the portfolio per trade, to ensure long-term sustainability and avoid major losses in case of unexpected market moves.
Monitoring & Adjustments:
Watch for volume confirmation during the breakout. If the volume diminishes, consider closing the position early, as it may signal a weakening breakout.
Adjust the stop-loss to breakeven once the price hits the first profit target, ensuring a risk-free trade for the remaining portion of the position.
Conclusion:
The technical analysis for NWC/USDT suggests a bullish breakout from the descending channel pattern, with indicators supporting a potential upward move. Entering at the breakout level of $0.0721 with proper risk management offers a promising opportunity, especially with a positive shift in momentum.
Its Time , Bitcoin 160k by March or September 2025?We are in the early stages of the next bull market. The question was never "if" but rather "when." The probability has shifted significantly to the upside in the last two months. Really, nothing much has been going on, and I’m waiting for my confirmation markers to trigger before making a technical analysis.
In my view, we are in a pretty large bull flag, and a mirror move like the one we saw from September 2023 to March 2024 could push Bitcoin to $160K by March 2025.
There are two major dates I’m focusing on: March/April 2025 and September 2025.
The clearest sign of a change in trend is that we stopped putting in lower lows and formed a triple bottom with bullish divergence on the daily chart.
The puzzle for the rest of 2024 and 2025 is not whether we will have a bull market but where and when the cycle top will occur. It's more of a question of timing, and that’s what I’m focusing on.
**March/April 2025 - Possible Top**
As you can see, since 2019, the average duration of major Bitcoin rallies has been 147 days. Even the longest rallies of 196 days would reach May 2025.
Looking at my time cycles, we also have a hit around March 2025.
The USDT dominance chart is currently in a bear flag. A mirror move similar to September 2023 to March 2024 would bring dominance levels down to the November 2021 cycle top, around April 2025.
**September 2025 - Possible Top**
For those who don’t know, Bitcoin’s last two cycles took exactly the same time from cycle low to top, 1064 days. If we overlay 1064 days from this cycle's low, it puts the cycle top in early October 2025, which is very close to my Fibonacci time date in September 2025.
I know there’s a lot on this chart to digest, but just focus on the red and yellow circles. Do you see the pattern? Every other sine wave peak is a cycle top. The next sine wave peak falls between September and December 2025.
The Chainlink fractal from last year is still playing out. If it continues, the top is projected for August 11, 2025, again very close to that September 2025 date.
KDA is also an interesting chart for me because it’s mirroring the last cycle closely, which again puts the cycle top in September 2025.
**Conclusion**
USDT dominance is in a bear flag, which is a clue. I’ve been in this position many times before, and USDT dominance has often signaled the way. If this bear flag follows through, it will trigger the first wave of the bull run.
**So, March/April 2025 Cycle Top:**
- 147-day average Bitcoin rallies
- USDT dominance chart mirror move
- A time cycle hit
**September 2025 Cycle Top:**
- Chainlink fractal
- KDA fractal
- Sine line peaks
- 1064 days from cycle low to top
If it’s March/April 2025 and we get a PI cycle cross, we’re out, that’s for sure , we most definitely not taking that chance that "this time its different"
Euphoria Blindness
BTC - Short-Term Bearish?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
The BTC market structure has been very clean lately, which I find interesting.
📉Previously, after breaking below the last major lows (marked in red), BTC dipped .
📈Similarly, after breaking above the last major highs (marked in blue), BTC surged .
🔄 If history repeats itself, and the current last major low marked in red is broken to the downside, we can expect another dip in BTC.
However, as long as BTC continues trading within the rising orange channel, the overall short-term trend remains bullish.
🕝What do you think? Will BTC break below the channel for a bearish correction to start, or will it keep pushing higher within the channel to test the $70,000 round number?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
The Monthly has a bullish pennant with an even higher targetThe same bullflag on the weekly chart that has a 99k breakout target morphs into a bullish pennant with an even longer flagpole on the monthly chart. If the bullish pennant were to confirm a breakout in the zone price action currently resides in, the breakout target for this monthly bullish pennant is around 115.9k! *not financial advice*
Bitcoin reached the resistance of 65800, what is the next step?Here , about 1 week ago, I announced that Bitcoin will meet the resistance of 65800 and after that we have to wait for the price reaction.
Now that we have reached here, it can be predicted that if 66,500 is broken, the upward trend will continue and we will see the short-term goals of 77,000 and 95,000.
In case of correction, the support of 59,000 is very important for the continuation of the process.
If you want to know about the future of Bitcoin, don't forget to follow and boost.
The Power of Bitcoin: How MicroStrategy’s $MSTR Soared 1,620%MicroStrategy Inc. (NASDAQ: NASDAQ:MSTR ) has experienced a massive surge in its stock price, climbing 15.9% on Friday's market trading and an additional 5% during Monday's premarket session. The stock broke out of a rectangular chart pattern, signaling a bullish move that could potentially lead to new all-time highs. This explosive growth is underpinned by the company’s strategic bet on Bitcoin ( CRYPTOCAP:BTC ), which has not only outpaced the cryptocurrency itself but also the broader market, including tech giants like Microsoft ( NASDAQ:MSFT ), Nvidia ( NASDAQ:NVDA ), and the S&P 500. Let's dive into both the technical and fundamental factors driving this remarkable surge.
MicroStrategy's Bitcoin Bet
MicroStrategy (NASDAQ: NASDAQ:MSTR ) adopted a Bitcoin-centered strategy in August 2020 under the leadership of its executive chairman, Michael Saylor. This strategic pivot has yielded extraordinary results, with the stock gaining 1,620% since then. In comparison, Bitcoin itself has gained 426% during the same period, while the S&P 500 and the “Magnificent 7” tech giants, including Microsoft, Apple, and Nvidia, have lagged with gains of 73% and 243%, respectively.
As of September 2024, MicroStrategy (NASDAQ: NASDAQ:MSTR ) holds 252,220 bitcoins, making it the largest corporate holder of the cryptocurrency. In a recent acquisition, the company purchased 7,420 BTC for $458.2 million at an average price of $61,750 per coin, further solidifying its bullish stance on Bitcoin.
Michael Saylor has made it clear that he believes Bitcoin is the ultimate asset for long-term wealth generation. His famous quote, “The only thing better than bitcoin is more bitcoin,” encapsulates the company’s philosophy. This bold strategy has clearly paid off, as NASDAQ:MSTR has consistently outperformed both the broader market and even some of the most successful tech companies.
Bitcoin Outperformance & the Broader Market
What makes MicroStrategy's performance particularly notable is its stark outperformance compared to Bitcoin and other major stocks. For example, while Bitcoin’s price has increased 426% since 2020, MicroStrategy’s stock price has skyrocketed 1,620%, leveraging the company's heavy exposure to Bitcoin as a strategic asset. This outperformance can also be attributed to the broader market sentiment toward Bitcoin, which has attracted institutional investors and long-term holders like MicroStrategy. As the company continues to acquire more BTC, it positions itself as a de facto Bitcoin ETF in the eyes of traditional market participants.
In addition, NASDAQ:MSTR has far outpaced Nvidia’s impressive 1,107% increase and Arista Networks' 650% rise over the same period. These gains have positioned MicroStrategy as one of the most successful stocks in the past three years.
Technical Analysis
From a technical standpoint, MicroStrategy (NASDAQ: NASDAQ:MSTR ) has just broken out of a rectangular chart pattern, a significant bullish signal. A rectangle formation is characterized by a period of price consolidation between clearly defined horizontal support and resistance levels. In this case, NASDAQ:MSTR had been trading within a range, reflecting indecision among traders.
However, Friday’s surge confirmed a breakout above the ceiling of the rectangular pattern, signaling that the bulls have regained control. This breakout is particularly significant because it often precedes further upward movement, potentially setting the stage for a new high.
The Bullish Rectangle Pattern Explained
A rectangle formation typically occurs after an asset experiences an uptrend, which then consolidates as traders weigh the next move. In the case of NASDAQ:MSTR , the stock has been consolidating within a tight range as investors digested the company’s continued Bitcoin purchases and broader market conditions. With the breakout above the rectangle, it suggests that traders are once again optimistic, and the stock may be heading toward further gains.
As of Monday morning’s premarket session, NASDAQ:MSTR is up 5%, reinforcing the bullish sentiment.
Another key technical indicator supporting NASDAQ:MSTR ’s bullish outlook is the Relative Strength Index (RSI), which is currently at 76.76. Typically, an RSI above 70 indicates that an asset is overbought, and caution is advised. However, during periods of strong momentum, stocks can remain overbought for extended periods, particularly during significant bullish trends.
Moreover, the stock is exhibiting a gap-up pattern in the price chart, which is a strong indicator of momentum. Gap-ups occur when the price of an asset opens significantly higher than its previous close, often indicating a shift in sentiment or the release of market-moving news. In NASDAQ:MSTR 's case, the gap-up is driven by its breakout from the rectangle pattern, as well as renewed enthusiasm for Bitcoin.
Whale Accumulation and Bitcoin’s Influence
MicroStrategy’s stock is not just benefiting from technical patterns; the underlying Bitcoin market is also providing fundamental support. Recent data shows that whale activity has intensified around Bitcoin, with large holders accumulating 2.07 billion DOGE in a single week. While this specific data pertains to Dogecoin, it underscores a broader trend of renewed interest in cryptocurrencies by large investors, which often correlates with upward price movements in both the crypto market and crypto-exposed stocks like MicroStrategy.
Conclusion:
MicroStrategy’s breakout from the rectangular pattern, combined with its solid fundamental footing in Bitcoin, suggests that the stock could be setting a course for new highs. The company’s Bitcoin strategy has proven to be a game-changer, with the stock significantly outperforming both Bitcoin and the broader market since 2020.
As Bitcoin continues to grow in institutional acceptance and more companies adopt digital assets as part of their strategies, MicroStrategy’s long-term bullish outlook remains intact. Investors will be keenly watching for the next moves in both Bitcoin and NASDAQ:MSTR , as the stock could continue to serve as a leading indicator of market sentiment around the world’s largest cryptocurrency.
Bitcoin Quest- History tends to repeat itself.
- The maximum could reach around 250k.
- The minimum could drop to about 40k.
- Remember, the longer it takes, the higher we could go.
- The graphic is straightforward as usual; just track "colors", "bubbles" and "trends."
- Keep in mind, while the future is uncertain, we can still speculate.
Happy Tr4Ding
Dotcom Burst vs Tech Burst- i wanted to make this chart for long but i had to wait some confirmations, because i took an higher TF.
- Right now is really interesting to compare the dot-com bubble burst in 2000 versus the actual situation.
- like always i won't talk too much about FA because everything can happen in our world :
- Aliens destroy us.
- Putin push the red button.
- Meteorite hits earth.
- Jerome H. Powell printers no more electricity.
- let's back to the chart and i will try to make it simple :
- This chart is based on a 3 Months Timeframe, so 1 columns = 3 months.
- This graph is based purely on MACD and his Death Cross ( i will call it "DC" to short it)
The Dotcom Burst :
1/ in 2000, Nasdaq took a violent dip before MACD DC. ( 12 Months before ) ( Red Vertical Line )
2/ after that MACD DC, Nasdaq continued his downtrend but the dip started to be lighter for 15 Months. (Orange Vertical Line)
3/ The Storm was over in 2002 and Nasdaq started a consolidation to prepare his next parabolic move. ( Green Vertical Line )
The Tech Burst :
1/ The real dip happened already 12 months from now (Before MACD DC). ( Red Vertical Line )
2/ The MACD DC happened already 3+ months ago from now. ( Orange Vertical Line )
3 / We are still in a downtrend and not yet entered a recovery phase.
- What we can conclude is simple :
- When MACD Death Cross. The big dip is already behind us.
- Right now nothing is really different from 2000 in matter of TA, only the big numbers are different.
- " Mastering trading is anticipating movements, following the flow in real time means you are already late ".
Happy Tr4Ding !
PS : There's also something different in matter of time if u compare those charts. if you find it.. i will congratulate you !
Bitcoin Needs Correction!!!As I had expected in the ✅ previous post ✅, Bitcoin started to pump after a Bear Trap .
Bitcoin is currently moving in the Resistance zone($63,470-$62,340) and near the upper line of the Descending Channel , and 200_SMA(Daily) .
I expect Bitcoin to drop to at least the Support zone($61,840-$61,450) .
⚠️Note: The probability of forming a Bull Trap and breaking fake the descending channel.⚠️
⚠️If Bitcoin can break the Descending Channel and 200_SMA(Daily), we can expect Bitcoin to rise again to at least $66,000.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN Channel Up starting the new Bullish Leg!Four months ago (June 07, see chart below) we published a post on Bitcoin (BTCUSD) calling it an 'Unpopular opinion' as despite a on ongoing rebound in May, we signaled a correction as, based on the long-term Channel Up since November 2022, it was technically possible to see a pull-back below the 1D MA50 (blue trend-line) and then extended consolidation until a potential bottom on the 1D MA100 (green trend-line):
Even though the Channel Up had to be readjusted, the price action delivered the exact pattern of the previous 6-month (April 11 - October 16 2023) consolidation and almost tested the 1D MA100, forming a bottom on August 04 2024.
The similarities between those two fractals are more evident on their 1D RSI sequences. This shows that right now we could be before a break-out similar on the October 16 2023 candle. Regardless of that, it appears that the new Bullish Leg of the 2-year Channel Up is accelerating and a new High above 66500 would confirm it.
We have had 3 major Bullish Legs so far, more or less around the same levels (+92.27% to +101.57%). So a bad case scenario would be to see a +92.27% rally from the August 04 Low, which would still give us a $94500 Target.
So what do you think? Is the Channel Up just heating up and can the new Bullish Leg reach 94.5k? Feel free to let us know in the comments section below!
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Bitcoin 1 000 000$ ❚ Livermore cylinder📣 Hello everyone!
I bring to your attention my, I’m not afraid of this word, GLOBAL trading idea for Bitcoin for the decade ahead!
☝️ Now let me, as briefly but informatively as possible, explain to you how, step by step, Bitcoin will most likely come to $1,000,000 dollars, as well as what the two most serious risk factors are today ⚡️
In 1929, Jesse Livermore published this hypothetical chart (bottom right) showing “The Most Important Thing Happening to the Price of A Stock.” At the beginning of this pattern there is an expanding accumulation wedge, an upward “megaphone” (“horn”) formed from two sloping trend support/resistance lines. In the original, according to Livermore, it is necessary to take into account the volume when forming a pattern, but in my opinion, in relation to Bitcoin, it is better to take into account the spread; I removed this turkey from the final chart for the aesthetic reasons of the trading idea, so let’s study it on our own.
Having spent quite a lot of time on multiple technical and fundamental analysis of BTC, as well as taking into account trends in the macroeconomics of the United States and the world economy as a whole, I came to the conclusion that a very strong bullish pattern is forming on the Bitcoin chart - the EXPANDING WEDGE OF LIVERMORE ACCUMULATION!
This means that from the birth of Bitcoin until 2024, all these bullish and bearish microcycles are a period of accumulation of the asset!
🔹 Now briefly on key points according to the pattern:
1️⃣ All-time Low (ATL) - the minimum price of Bitcoin in its entire history, the birth of an asset!
2️⃣ ATH 2017 – First serious takeoff 🚀 Maximum of the bullish rally that ended in 2017 in the 19-20 k$ zone
3️⃣ Low 2018 – minimum correction after ATN 2017
4️⃣ ATH 2021 – a new absolute historical maximum in the area of 69k$, which only a few spoke about in 2019, including me with my trading idea Bitcoin $55 k$
5️⃣ Correction completed - low 15.4 k$ - Correction to growth to $69,000 completed in November 2022
6️⃣ The end of the bullish rally 2022-2025 - Bitcoin price 115-150 k$
- According to the graphical pattern I am considering, the long-term upward trend will most likely be limited in growth, taking into account the error on the monthly frame, by the zone of 115 - 150 k$ - At the moment, Bitcoin is consolidating above 60 k$.
The second inflation wave will force the Fed to return to tightening monetary policy after the US elections, probably closer to the second half of 2025 or even by the end of this year! Bitcoin will set a new ATH before this time and a long-term bearish trend will begin.
7️⃣ In 2027 - low correction ≈ 30 k$, the Fed is forced to give up, the war against inflation is lost. The start of an unprecedented QE... FED Money printer - brrrrr.....
- In 2027, the Fed will be forced to surrender, the war against inflation is lost. The United States will solve all its problems in the only possible way - launching a printing press and unprecedented QE. 2027 marks the start of the dollar's descent into hyperinflation.
The Bitcoin correction will end at 30 k$ +-10%, this will be the last opportunity to buy before the bull market of the century, the realization of an exit from almost 20 years of accumulation!
8️⃣ The most powerful and fastest bull rally in history! The first wave after exiting
accumulation. Hyperinflation in the USA...
- The most powerful and fastest increase in the price of Bitcoin in history! The first wave of the bullrun after exiting accumulation, within 1-2 years the mark of 500 k$ per coin will be reached. The United States is plunging into hyperinflation, the dollar is leaving the world stage, and the yuan is taking its place. Digital assets and commodity markets are growing.
9️⃣ ATH is coming soon... The second wave of the bull rally!
- Soon there will be ATH in pairs with the dollar... The second wave of the bullish rally! Hyperinflation is growing, the Fed can do nothing more - the phrase “dollar collapse” will sparkle with new colors among skeptics.
1️⃣0️⃣ Bitcoin $1,000,000 + "Bubble Peak"
– Bitcoin has crossed the $1,000,000 mark, the peak of the dollar bubble. In 2030-2035, the dollar may cease to exist as a currency in general; trading against the dollar may simply be stopped.
The value of BTC will already be measured, for example, against gold in the BTC/GOLD pair, or the Chinese yuan BTC/CNY.
_____________________________________
⚠️ This could have been the end, so to speak, to put an end to this trading idea. Further points make sense only if the dollar still exists, which is unlikely from my point of view. I just don't know what should happen. But I still outlined further points on the original Livermore pattern in this trading idea.
________________________________________
1️⃣1️⃣ BTC first major sale
– the first major sale of Bitcoin, since there is no such thing as eternal growth! Sooner or later there will always be people willing to sell; former bulls begin to sell short!
1️⃣2️⃣ Test 1 000 000$ before selling short!
– A round psychological level of one million dollars will be like the 10 k$ level for Bitcoin at one time; the price will interact with it more than once. 1 000 000$ test, followed by a powerful dump.
1️⃣3️⃣ Long-term correction near strong support 500 k$,1M timeframe
- Long-term correction - strong support 500 k$, timeframe 1 month.
1️⃣4️⃣ Flat correction – Another flat correction in a bear market, or any other.
1️⃣5️⃣ Strong support 100 k$ - Strong support in the area of 100 k$ - the formation of the bottom before a new growth cycle, it will probably already be >10 000 000$ (assuming the dollar exists at all!)
🔹 I note two global risk factors that could make significant adjustments to this global trading idea:
1️⃣ This is the government's fight against Bitcoin. I believe that in 2025-2027 Bitcoin will come under pressure from the US government, when it is already clear that Bitcoin poses a real threat to the dollar. Ultimately, Bitcoin will emerge victorious from this situation and there will be growth. The main trigger for the future bear market phase from my point of view!
2️⃣ The second threat is more significant. Bitcoin depends on electricity and miners in particular. Planet Earth is entering a cycle of natural disasters that will increase exponentially every year. Many areas in the world will become uninhabitable. Sooner or later, large miners will come under attack, what geolocations they will be and who will suffer first - I don’t know for sure! The network may not die completely, provided that the life of humanity and technology on Earth is preserved. But it is impossible to predict what damage will happen to the price of Bitcoin in this case.
⚠️ That's all for today, I wish you good luck in making independent trading decisions and profit. Please analyze the information received from me, always think only with your own head!
Goodbye! ✊
Bitcoin - Time to buy again!As I mentioned last year, Bitcoin could return to its peak, and it has. Now, as you can see, Bitcoin is in a cup and handle pattern on the weekly timeframe. This can be an incredibly strong signal for a price increase. If the breakout happens, Bitcoin's price could reach $125,000 in the new year, which is not far-fetched, just like the AB=CD pattern.
previous Analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SLF WYCKOFF WYCKOFF accumulation/distribution pattern on the SLF chart. Could this be the start of a reversal and a move up?? I think it could.
My reason is as a fresh new coin this is good for a Bullrun, little to no selling pressure as price rises due to no bag holders selling at break even from previous bull cycles.
A rounded bottom structure can provide a base for price to rally from, it proves a growing confidence from buyers, once the top of this mini range gets breached and accepted above it's a great breakout play.
ATH is at +156% from current price, and as I stated before there is little to no selling pressure on the way up either which will help this to grow quickly once it gets going. A project that is in its first Bullrun in price discovery is a great combination!