BTC: In depth analysis on bullish potentialRight now we are approaching the yearly low and a liquidation level that usually gives strong reactions at the same time, in my updates I will outline my cases for this as a sustained run beyond 40k, as well as a possible bottom soon
Please see below for the comprehensive analysis
Bullrun
BTC TO 200K?did some research on specific structures that produced the biggest bull runs in btc history , one being about 35k% and another being 12%, we are currently in one of this mega bull run cycles on the weekly time frame.
i did some math to try and get the best price we can run up to, im not saying this will happen at all but given its track record the odds are very high of it completing this cycle at 200k.
CT1!. P-Modeling Pt 2. Cottons of Cajun: A Hyperinflation Story Welcome Hyperspace Travelers,
This is a 1-week time-series model of CT1! Cotton No 2. Futures Contracts.
The purpose of this model is to potentially pick up early warning signs of hyperinflation.
I think I found a juicy early warning sign.
I may of course be incorrect.
If we look at data starting in 1973 we can see a well defined coordinated harmonics string with one big event between 2010 and 2012.
There is a strong probability that a continuously rising cost of cotton is an early warning sign of hyperinflation.
IF.. we continued on the path we are on. THEN... we hit a Strike Target of $220.00. This was the 2010-2011 ATH.
Do we repeat the past?
I say yes. Maybe? I guess? Sure, why not.. Seems logical.
But what do I know?... I just draw irrelevant spirals and lines. Right? Zero Predictive Value. So why attempt or even try? Waste of time if you ask me.
But what if..
Global supply and transportation issues. On the cusp of the next industrial revolution.. finite resources.. extreme weather.. destruction of our planet.. cheap labor shortages.. biggest division of wealth ever... You know this.. Right?
I just look at the same data as everyone else.
Just.. with a different grasp of the future..
Sometimes, I really wonder if we are apart of a simulation.
Is this real life? Or is this a test?
Communicative Cyclic Filters: Rendered along harmonic string.
Are you a test?
Is this just a big test?
Things to think about I guess..
See you soon :).
Thanks for Pondering the Unknown with me,
Glitch420
Bitcoin Analysis, done correcting?BTC has been in a sideways range for a while between roughly 37.000 and 46.500 USDT. BTC dumped 7% after the bearish Supertrend Ninja - Clean signal on the 10th April (red vertical line on the background). Currently BTC is bouncing on support. If BTC holds here it is still a higher low.
The Supertrend Ninja - Clean gave 4 bullish signal (with the biggest 477%). In 2021 it gave 3 bullish signals, with 2 big bullruns (32% and 41%). In 2022 it gave 3 bullish signal.
Let's have a look at the other indicators. The Stoch RSI is in oversold levels, pointing upwards. K is above D, which is a good sign.
BTC is still in the Bearish Zone of the Ichimoku Cloud, which is bearish .
The RSI is range bound at 44 (40-60).
If we take a look at the Average Directional Index ( ADX DI) its bearish. The +DI (Green Line) is below the -DI (Red Line). While the Trend Strength is becoming weak. Since the ADX (Orange Line) is below its 9 Period EMA (Black Line).
Currently BTC is also below its Bollinger Bands Middle, Band Basis 20 Period SMA and the Least Squares Moving Average ( LSMA ). Which are bearish signs. Going down here, the next support is at 36.500 and 34.500 USDT. Supports and Resistances are highlighted as grey blocks.
Conclusion: BTC continues moving sideways or going downwards.
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Use:
In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
BTCUSD might hit 45k soon.As we know we are in huge downtrend. If Bitcoin close huge green candle above 52k we are going to see bullrun. Current situation is as we can see BTC forming up channel and in that channel we can see Falling Wedge which considered as reversal pattern. If we break this consolidation pattern we can go up to 45k. If we can't break 45k we can see huge red candles in next month.
TRIAS - already climbing after a finished triangle correctionThis coin is supposedly already done with bottoming. Big volume kicked in already, ABC in a triangle done. This last pullback was needed and it's on it's way to break ATHs this year. Inefficienty on 4H filled.
Trying not to be biased, but the setup looks amazing for the upcoming months.
BTC BULLISH RALLY MIGHT START FROM NEXT WEEK! HERE'S WHY??Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this important BTC and Dollar index comparison. Dollar index is inversely proportional to the BTC.
We might see a bullish rally in BTC from next week. Here's the reason.
As you see in the chart of DXY, it is reaching its major resistance level which is at around 103 level. Previously two times we saw the rejection in the Dollar index exactly at this same level.
While the Dollar index gets rejected a new bullish rally starts in BTC. So if we get the rejection from the same level this time also then we witness another bull run of BTC.
Invalidation level:- If DXY breaks and closes above the 103 level (Any weekly candle) then this chart becomes invalid.
Let's hope that we got the rejection this time also and we see a new bull run of BTC.
What do you think about this?
Do you think DXY gets rejected from the resistance and we see a bull run or do you think that it breaks the resistance level this time?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
GMT Loading up for a move!Here's a quick Look at GMT 2 hr chart . As we can see, the price has been forming a symmetrical triangle and a break to the upside could be around the corner. We need BTC to get stable before it is safe to trade.
The best entry would be, when the price breaks above symmetrical triangle with good amount of volume. Definitely one to keep an eye on.
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The idea is: Buy when the price breaks above the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
1. 3.44$
2. 3.59$
3. 3.83$
4. 4.31
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Is GMT loading up for a massive move? - Here's the entry level!Here's a quick Look at GMT 2 hr chart . As we can see, the price has been forming a symmetrical triangle and a break to the upside could be around the corner. We need BTC to get stable before it is safe to trade.
The best entry would be, when the price breaks above 3.45$ with good amount of volume . Definitely one to keep an eye on.
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The idea is: Buy when the price breaks above the 3.45$ and take profits at the levels shown in the chart.
Targets:
1. 3.55$
2. 3.78$
3. 4$
4. 4.3$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!