BTC - Roadmap to 80k 🗺Hello TradingView Family / Fellow Traders,
For those who know me, it's clear I always like studying previous price action.
"Know yourself, know your enemy. Many battles, many victories."
~ Sun Tzu
I find the Bitcoin Daily Chart interesting.
If we compare this impulse movement to the previous two, we can see that after 58 days, the correction starts, and it actually did as per my last BTC cycles analysis.
What's next?
As long as the $60,000 support holds, we are now expecting the start of the next impulse movement.
According to the previous bullish impulse, we expect this upcoming impulse to reach the $80,000 mark.
What do you think?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Countdown
🔥 Bitcoin's Bear Market Is OVER 🚨 Crazy Historical Similarity!Please like and follow if you enjoy this analysis.
As the title suggests, I've found another indicator which confirms my idea that the bear market is over and that BTC will not make new lows.
As seen on the chart, the time between the bear market bottom and the halving appears to be 75/76 weeks. This was the case for both the 2015 and 2018 bottoms. Amazingly enough, if we substract 76 weeks from the 2024 halving we get to the exact November bottom of 2022.
Might be a great idea to revisit this analysis somewhere late 2025 and see if it occurs again. For now, the numbers suggest that the lows are in.
BTC Market Cap (Time to resume the bullish momentum)This is the weekly timeframe of BTC market cap, as you can see the BTC often bounce off the trendline which acts as an support. Base on this, i feel BTC is gaining dominance as we reclaim back 1 trillion market cap for BTC. As history data proven, during the period where we count down to end of the year, it's gonna be bullish for crypto market.
BTC Market Cap
$BTC #Bitcoin Death Cross CountdownThis indicator show's the estimate of the Death Cross that could occur on or around the 19th June. What we want and need $BTC #Bitcoin price to rally and go above the $46k price level or even better the $54K and soon. Keep and eye on this chart as we are not far off the estimated date of the #DeathCross. The bottom has red circles which has already been showing which indicates a warning the Death Cross is near. This indicator shows both the Golden Cross & Death Cross with alerts to your phone or email.
I have provided a link to the Death Cross and golden Cross to view below:
$BTC Resistance line rejection$BTC has just been rejected by TDST Resistance line.
MATHR3E REI indicator was overbought (>40) in a bearish/oversold territory (red background).
Wave 4 remains in progress but is competing with a potential bearish Wave 3.
The area of support between 10.600 and 11.000USD is still a good support zone to contemplate.
However, today $BTC has just triggered a bearish countdown (bar ①/13) so this consolidation could last longer.
RSI is still cooling down and needs to stay above 45/50% to favor the next leg up.
A stronger correction is also possible but would turn BTC in a negative bias if RSI also turns negative.
A Daily Close below 9.200 USD would mean a Bearish scenario.
Best!
MATHR3E
$BTC still alive! Road to 9K+ ? #SequentialDespite recent capitulation, BTC price is now close to interesting support levels on multiple timeframes.
Weekly:
The symmetrical triangle has held so far and the bullish sequential countdown is still in play.
Currently looking for a S13 exhaustion point at around 9300 USD could also coincide with another touch of the upper line of the symmetrical triangle.
Daily:
The 6 months bear channel finally broke up on Jan 06th after reaching Daily C13 and S13 exhaustion points.
BTC then struggled on TDST Resistance (Red dotted line) and formed a noticeable H&S Pattern
4H:
An ascending triangle has recently been formed over a shorter period of time with multiple exhaustion points.
It looks like it has broken up and now being backtested.
A close below 5700USD would challenge this pattern.
A solid close below 5250 would mean lower lows are likely...
Enjoy!
MATHR3E
Sequential indicators:
MATHR3E TD Multi Sequential
MATHR3E TD Setup Trend
MATHR3E TD Sequential Fibonacci Extension
MATHR3E TD Aggressive Fibonacci Extension
MATHR3E TD Combo Fibonacci Extension
$BTC Bull Flag vs Bear Trend continuation #SequentialHi everyone,
BTC is still forming a bull flag, but this could be insufficient to cancel the daily bearish countdown.
If the countdown has to complete first, this means a bearish target of at least:
- $7.993 on Coinbase
- $7.470 on Bitstamp
There is a countdown shift between the 2 platforms so it is actually quite difficult to predict a target.
I would favor the coinbase target as it coincides better with the 0.764 Fib retracement...
Targets are not a guarantee!
Countdown can be cancelled by these 2 conditions:
- A new Sell setup (After a bullish TD Price Flip, there must be nine consecutive closes, each one greater than the corresponding close four bars earlier)
- A candle low completed above TDST Resistance @10.379USD
On the 12H chart, we had 2 nice potential Buy points indicated by S13 and S21.
Here also the main bearish sequential countdown has not been canceled so we could reach the next S34 exhaustion point.
Best!
MATHR3E
Sequential indicators:
MATHR3E TD Setup Trend
MATHR3E TD Sequential Fibonacci Extension
MATHR3E TD Aggressive Fibonacci Extension
MATHR3E TD Combo Fibonacci Extension
4h BTC The 4 h topped on the daily 200 MA, it was a 4h 9 TD sell, which in the end printed a RED 1 TD price flip, if we go on as this without a reversal, we could face a countdown to TD 9 buy on the 4h.
The 4h EMA are still bearish and the short EMA just flirted with the 50 EMA (yellow), I still don't see a reversal and also the volume keeps declining. We are stuck in an EQ and we still have time to go on, be careful.
Trade safe folks.
TD Master Count (TDMC) StrategyDescription: This is a hybrid of the TD Setup and Sequential 13 rules, which when combined, allows for an uptrend/downtrend to maintain its count despite sideways PA, Price Flips or 9 recycles.
Usage: No more 9s and 13s entries and exits. Given an upward and downward trend can develop at the same time, entries and exits are determined by breaks in trend count in either direction Aggressive traders, can enter/exit earlier based on count still printing uptrend as PA begins to downtrend or vice versa. Users could can leverage the accompanied Bar Color Scheme and 13 EMA for entries and exits as well:
Bar Color Scheme:
1) Green = Uptrend
2) Red = Downtrend
3) White = Inside Bar (pause in trend)
40 Blue = Slowing/Reverse in trend (either direction)
13 EMA:
Changes color as PA crosses above or below low. Gives overall trend direction. Green is bullish. Red is Bearish. NOTE: All MA are lagging indicators.
Analysis: On this weekly BTC chart price has been up trending for 32 weeks. We had 5 weeks of potential downtrend developing since our top in June. This was broken for one week. The next three weeks, we printed the first RED candle in 9 weeks followed by another red candle last week. Last week’s red candle marks the 3rd candle in all 32 weeks of uptrend. PA action is sitting at support on the 13 EMA, a break and close below it this week could signal the start of a reversal. Thus far, this week we have a green candle and a continuation of the long trend.
Comments: Observations on this strategy are welcome. Please feel free to provide your feedback to further improve it.
$BTC sitting on 2 supports #SequentialHi Folks,
BTC is still evolving in a bear channel.
On last analysis, we were starting a new bullish trend (Countdown 1/13).
This bullish countdown has not yet been invalidated (2/13), however we are now in a more bearish posture: On August 28th, we triggered a sell signal with a red 2 closing below red 1 low.
BTC is now sitting on 2 supports:
- TDST Support Lines @9500 USD
- Bear channel middle line @9400 USD
If today or tomorrow price close below red candle 3 low (August 29th low), we could trigger a second sell signal and add to the first position.
Even if we are now advanced in the setup count (5/9), the breakdown of these 2 supports could smatch down the price to the lower line of the bear channel.
Otherwise, if the 2 supports holds, we could quickly price flipped and continue the bullish sequential countdown and form a bar 3/13.
I still favor the bull flag, but for now I prefer to remain neutral.
MATHR3E
Sequential indicators:
TD Sequential
DeMARK Combo Extension
$BTC *erratum* Aug/14 #SequentialHi there,
My apologies for Wednesday analysis: It was published with a test version of my Sequential indicator and the countdown was wrong.
The correct version of the indicator is still on a bar 11 of the bullish trend so I might have turned bearish quite prematurely.
However, we have price flipped on this week and a sell signal is still possible on next week (Red 2 below Red 1 low).
This could confirm a touch of the previous TDST resistance Line which could turn as a support before price continuing higher.
I will post soon a monthly chart analysis where we can see the bullish trend is not over.
For the moment I remain neutral. We could see a broader consolidation pattern of this year's bullish movement
MATHR3E
Check my Sequential indicators:
TD Sequential
DeMARK Combo Extension
More details on my Patreon page.
Monthly SPX chart showing exhaustion signsEarlier sell signals on daily and weekly time frames has not triggered the expected sell signals.
This should not surprise much as we have been aware of the monthly sell setup that now is coming to completion.
In my earlier analysis I expected a short term sell off following the weekly sell signal but always emphasized that the monthly set up had to complete before we see a serious correction...
According to T. Demark based technical analysis, the SPX is now on a 13 monthly bar of a TD-sell countdown, we should still witness some euphoria into a Christmas rally in a final wave up.
Nevertheless what is manifesting in the monthly chart should not be ignored, we are few days / weeks before a sizable correction starts.
Trade wel ;o
sp500daytrader