CRPTOCURRENCY
Bitcoin testing top of 8/1 Gann Since October the 12th with this TA below
I have been talking about the importance of Bitcoin testing the top of the 8/1 Gann ratio as support for the perfect setup , nearly every single time in history on a macroscale when Bitcoin breaks the 8/1 Gann it will come back down and retest it as support before going higher.
Bitcoin broke the 8/1 Gann October 5th by October 25th I thought the retest would not happen but here we are 60days after breaking the 8/1 Gann Bitcoin has come back for the retest!
I really did not think at a 65k Bitcoin that coming back down to the 8/1 Gann ratio would happen , I was expecting the price to come down to 0.618 Fib before heading up at around 53k but for the price to come back down to 8/1 Gann is pretty amazing!
The yellow circle shows bitcoin failing at the first attempt on the 8/1 Gann , which is what normally happens , after that we found support at the 4/1 and rallied past the 8/1 and now the price for the time being has closed above the 8/1 Gann.
So i think the bottom is in , the price will come back down lower most likely to 46k but on December 9th we will start the disbelief rally.
If we break and close under the 8/1 Gann ratio its going to get ugly pretty quick and most likely enter a bear market of some sort.
I still think we will hold the 8/1 Gann and start to rally from this area, want to know why December 9th? look at the TA below.
gold ♂ ♂️ Explanation of the cup and handle pattern and this model is continuity and not reflexive ✅
Model Explanation
It is one of the positive corrective continuity patterns that forms after a stock rise, that is, it forms during an uptrend, and it represents a period of rest for the stock, after which a breach to the top occurs.
In this model there are two parts:
1/ The cup, which is formed after the stock rises and appears in the form of a circular bottom.
2/ The handle , which is formed after the construction of the cup is completed and is on the right side of the cup
CUP AND HANDLE
Form Terms
1 - Since it is basically a continuation model, the price movement that comes after it is in the same direction as the price movement that comes before it. In stocks, it only comes in an upward manner. In currencies, it may come after a downtrend or an upward trend, and the price continues to move after that in the same direction. .
2-The model consists of two successive bottoms, the first is a large bottom called the cup, and it is preferable to come in the shape of the letter U and not the letter V. The other bottom is a small bottom that comes after the big bottom and is called a handle . Sometimes you do not find it in the form of a bottom, but may It comes in the form of a flag model or a flag model.
3- It is preferable that the bottom of the cup should not exceed (correct) more than the distance between one-third to one-half of the previous price movement and it should not, in any case, exceed two-thirds. As for the bottom of the handle , it should not exceed or correct more than one-third of the previous distance and The less the correction distance in the loop, the better.
4- The line connecting the tops of the pattern is called the resistance line, and it is preferable that all the tops come at the same level as possible
5- In the case of stocks, it is preferable to have a strong trading volume with a breakout of the resistance line up
cup model
How to measure the target of the model
It is done in the vertical way, where the distance between the top of the second model (the second peak in relation to the cup and the middle peak between the cup and the handle ) and the bottom of the cup is measured and then collected on the penetration point to obtain the target of the model
.... After some complex calculations, we expect that the price of gold will fall to levels of 1680 . and then start its journey to the highest level until it reaches the level 2750 in the period between the last quarter of 2023 to the second quarter of 2025
NUM - 10x ~ 100x PotentialThis project presents a real and practical product that I think if they work well in its development, it can be among the top 150 in the less than 1 year.
Dears, ofc I just introduced it (#DYOR)
Consider that Binance is paying attention to this project!
Their Website
Good Time
CELR network starting run to 1 dollar.Last TA on CELR got invalided this asset is incredibly volatile, massive swings and misleading volume reading but now this time round with the Gann Fans we can get a better idea on where price is going.
16 days we have been holding this trend line , price spikes down to the to the white box but instantly gets bought back , macro structure now finally in a uptrend. Sometime in the next 8 days we will have to see a break of the 2/1 Gann ratio or else we go down again.
Litecoin Rally December 9th (update)Go over my last TA first.
What we want to see is price going down coming into this fibonacci time date , these dates act as pivot points most of the time so really we don't want price to be going up coming into this date . At the moment we are in a ascending wedge on the hourly only keep at in mind , a break here would bring price down to the marked support line most likely , also we failed to break this Gann ratio once before. Keep in mind that there two Gann ratios in play here the thick pink line across is the macro 8/1 Gann ratio.
Just 8 days left till the December 9th who knows what will happen
Cycle Top April 30th 2022 (BTC)Sometime between 9th and 22th of December 2021 we will break this descending wedge to the upside. It will trigger the biggest disbelief rally since October 2020.
Sometime between 15th of April and 27th of May 2022 we will get the Bitcoin cycle top. I would say April 30th.
Next best time to buy Bitcoin February 2023 at 50k, next Bull market cycle start would be September 2024.
December 9th Bottom at 51k? (BTC)I am thinking of a possible scenario that could play out with Bitcoin and in my eyes it's the most likely scenario.
I have been in this postilion plenty of times before when Bitcoin creates a nice support structure with two reaction points (yellow dotted line) and everyone is now waiting for price to come back down to the support line so they can place there longs and when there is so much content and focus around a specific area like this support line , price normally goes lower.
When everyone is thinking the same thing and a lot of traders are calling the bottom , guess what ,it's normally not the bottom. The bottom always comes in always in the most unexpected of ways , this is why it's best to think of different ways things could play out.
Right now we are in a descending wedge and we have yet to hit the 0.618 at 51k , it is possible that Bitcoin's true bottom will be at this level breaking the support structure and creating mass fear before an impulsive move up to the 1.618 at 87k.
December 9th there is a Fibonacci Time sequence playing out on LTC which is basically a mirror of Bitcoin, I have been going over this date for weeks on previous TA's ,I will link below , this is the date we could see a bottom play out around 51k.
As always we could just break out of this descending wedge to the upside soon , we will know in the next 24hours.
BTCUSD - Break this Wedge away finally and better scenarioBYBIT:BTCUSD
12H trend chart
-
BTC just broke out the descending wedge in 12H, but this signal can only be confirmed after the closure of 12H candle.
If it does, It means the direction has changed, but will be hard to pump immediately due to resistance area is over there.
Therefore, better scenario is that BTC starts consolidating between resistance and support area marked in the chart to accumulate enough volume.
Further, keep going up.
-
Trading Strategy
Profit targets:
a) 59393~61999----Fib(1.272~1.382) --->Already Hit!
b) 67590----Fib(1.618) --->Already Hit!
c) 76640----Fib(2)
Anyway, never forget to control your risk
-
Let's see where BTC can bring us to!
-
If you like this analysis, smash the "like button" and leave a comment below to share your thousghts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
SOLANA LONGS 💰💰💰Expect the price to make another leg to the upside potential making new ATH's, we are in a bullish market structure on a daily timeframe. Price made the retracement move back into discount market on fibonacci,huge spike below the 200$ where i think a lot of stops of those who went long are, whales liquididated them and we have green line to the upside right now.
Comment below what you think .
Brand huge bull coming!I was gonna post this when it was at $5 but it already double but this is only confirming that some huge buyers are seeing potential in this coin. Looking very BULLISH. Looking for ATH We may see this coin hitting $40 dollars or more. Why there is not really too many of these coin available. If we see brand break under $7 it will be bought back since its still cheap. There is alot of people trying to get their hands on band. Market cap is low. simple 4x and possible 10x. Brand is on most large exchange. Follow for more free analysis. ~~CrptoWhale100billion~~
Ankr easy 8x coin This coin is listed on coinbase and is the cheapest coin atm. Hold this coin for long easy way to double, tripple, 5x 10x.
.10 a share great long term hold and chance of you making loads
macd is about to cross in a few days. Bull coming back Keep watch on this coin.
Follow for more 10x coins.
altcoin dip inbound?today we have the total crypto makret cap w/o btc
first thing that stands out is the 1d jefe bear that has fromed showing bears with a bull trap and aiming to drove prices down and shed some money off the markets overall
the 1d chart also shows a db which will entice retail to think a market is bouncing giving way for a possible liquidation run for almost all alts as this pattern will be noticeable on most altcoins charts and sl and limit orders will be placed under creating a liquidity pool for bearish moves
the 3d open target was hit bun ran lower showing willingness to go futher to the downside
the 3d was unable to get to the open 3d candle that stated the bear move
on the opposite a swing low 3d is forming given a a sign of revovery i the 3d leg of the swing is broken then the down side move is confirmed
the 1w low is not at open also giving me bearsih biasness to 1.33t
on the opposite i see an 1w bull jefe setting up
the higher the tf the stronger the biasness toward price targets
with that being set im expecting a 5% decrease in alt coin market cap before running higher to end the week bullish if the low of the week comes in on tuesday or wednesday that would be a good sign that profit booking have taking place and price is ready to run
overall im expecting a bearish open of the week to cuase a sell off and cheap prices for buyers to come in and move the markets
BTC ready for a new push downwards to 50k?BTC since the 50% correction has been travelling within a rising channel, because of this it would make sense for bitcoin when making a higher high, to also create a lower low, i expect btc to down to 52-53k area to retest september highs
However we may also see a push down further due to a stop hunt aswell as a liquidity grab for all the limit orders.
OMI is waking up!The whole crypto market is down but OMI is up 8% , the giant is finally waking up and sometime in the next 20 days a move will happen that takes us straight to 1 cent , I believe they will announce a exchange listing soon when that happens before the coin is even listed on these new exchanges we will hit 1 cent.
Price has formed an ascending triangle , volume is picking up big time and we have held the 0.618 Fib , high probability we are breaking to the upside. Check out my previous TAs on OMI below .
BTCUSDT- A LITTLE BREATHER AHEAD?BTC's view for the next few hours is looking bearish. As it struck resistance zone and Fib level 61.8% around 66500. So as following the Price action we can expect a little breather towards the downside for the level of 65000-64000. Let see how the price behaves. Good Luck
The Sleeping Giant Part 2 (OMI)I will be linking part one below , best to take a look at that first before starting here .
ECOMI , OMI , this coin right now is in my opinion the most undervalued coin I have come across in the last 3 years. If we just stop and really think about the unique situation this coin is in and ask ourselves , what other coin has the brands mentioned in part one? , no one , what other coin has over a million users on a NFT app?(veve) , no one and yet they are stuck in this sort of limbo where the coin is not accessible to the masses.
The market cap is only one billion dollars and tonight they will be dropping the world's first star wars NFT. What they are doing has not been done before they are pioneers ,what other app in the world has over a million users simultaneously clicking a buy button at the same time? Nobody, is going to have problems , of course the key is to improve over time and from a user of the app since day one , it has come a long way.
Unfortunately, pioneers will always pave the way with sacrifices.
If you have been following the company for months now you would know that an exchange listing is around the corner and in reality it is unpredictable where the price will go but we will speculate with this TA with only volume and data from June 2021.
Fib Dates
June 22 2021
October 10 2021
January 28 2022
May 18 2022
What's interesting about these Fib time zone dates is that there is a May 2022 count , yet again nearly every single alt coin on a macro scale has a Fib date in May 2022 , this is the month i believe we will be topping out for the bull run , check out this TA below.
It is basically impossible to tell where price would land but if we do get a exchange listing and pokemon i think 0.10 by May 2022 is very much possible .
Shiba Prediction Shiba Looking very promising Forming Reversal bull on RSI, Forming Ws, and holding Resistant at .000045 line. We may see Shiba go to .00012. Or even .00022.
If Shiba breaks below. .000045 we will see a bear. But even if Shiba drops Lower Than .000045 there will be many who will snipe it to pull it back up.
Watch this coin closely we may say a huge bull coming.
This is not Financial advice. Make sure you do your Research.
The ShibaArmy Is Strong.
If this helps you Please like and follow for more Free Analysis.
~~~~~CrptoWhale100billion~~~~~