BITCOIN made new ATH and the rally has only just begun!Bitcoin (BTCUSD) is marching towards our 88k short-term Target as we called on October 16 (see chart below):
As the U.S. elections have now been concluded with Trump's victory, we can now once more focus on the long-term horizon, particularly looking 1 year ahead.
Basically, the last time we looked at this pattern was back in August 14 2023 (see chart below), where we used the KSI indicator on the 3W time-frame, which has just made a Bullish Cross, to call the upcoming parabolic rally correctly:
This time we bring to you the last bullish signal of the upcoming multi-month Parabolic Rally, which is the 2W LMACD that is about to form a Bullish Cross. As you can see such a Cross was formed exactly on the November 08 2016 U.S. elections (Trump's 1st win), and a few months before the November 03 2020 elections. What followed was the most aggressive rally (green Rectangle area) of the Bull Phase (green parabolic channel) that started when the price broke above the 2W MA50 (blue trend-line).
As a result, we expect BTC to rise aggressively from here, entering the post-U.S. elections bullish phase that may very well exceed the $100k psychological barrier, as we've shown in previous analyses.
But what do you think? Will the new ATH today spark a full year of Bull for Bitcoin? Feel free to let us know in the comments section below!
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Cryptocurrencies
TROYUSD turned Parabolic. Buy on the next pull-back.Troy (TROYUSD) broke last week above the Lower Highs trend-line of the Accumulation Phase of the Bull Cycle and even though it failed to close the 1W candle above it, the current week started with extremely strong buying pressure that topped last week's High.
Even though we will need the closing above the Lower Highs at the end of the week, the current buying pressure confirmed that the trend has turned parabolic. It is technically similar to the January - February 2021 rally that turned parabolic and reached as high as the 1.786 Fibonacci extension.
Having formed at the same time a Bullish Cross on the 1W MACD, we expect a minor pull-back as on February 15 - 22 2021 that will allow for a better entry. Our Target is naturally the 1.786 Fib at 0.012000.
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BITCOIN fully supported targeting $170k after the ATH breaks.Exactly 3 months ago (August 05, see chart below) when the price was on the 1W MA50 (blue trend-line), having hit it for the first time since the week of March 12 2003, we claimed that this was the last stand for Bitcoin (BTCUSD) if the market wanted to maintain the Bull Cycle, as based on the previous 3 Cycles, it was the absolute supporting trend-line:
The 1W MA50 eventually held not once but twice and that gave way to a rally that last week tested the 73800 All Time High (ATH). That is incredibly bullish, especially only two days before the U.S. elections, as from the historic patterns we've shown you before, a Parabolic Rally has started after each election.
So according to our August comparison chart, if history is repeated, BTC is looking towards at least the 1.618 Fibonacci extension from the ATH, which is roughly a little over $170k.
But what do you think? Are you expecting the ATH test to start a massive rally similar to all previous Cycles? And if so, is $170000 a realistic Target? Feel free to let us know in the comments section below!
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BTCUSDT BREAKOUT ON SUPPORTBitcoin has broken through the hourly support around $69,060, and we are currently observing a pullback. This pullback is expected to fill the gap left by the recent drop and retest the highs near the highlighted resistance zone. From there, we anticipate a continuation of the sell-off, pushing the price down toward the lower support level at $67,626.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 1, 2024Technical Analysis and Outlook:
According to the analysis of the Bitcoin Daily Chart for October 25, the "Interim Rebound" in Bitcoin has successfully concluded the Main Inner Coin Rally at 73300. It has subsequently retraced to the support level of 69400. This level represents the inverse of the previously completed Inner Coin Rally at 69400. We anticipate initiating a primary rebound, which is expected to support a recovery that will retest the Key Resistance at 73200. This movement will align with the completion of the Main Inner Coin Rally at 73300 and may lead to further progression into the next phase of the bullish trend, designated as the Next Inner Coin Rally at 78500 and beyond. Conversely, we project a potential additional pullback to satisfy the criteria of the newly established Inner Coin Dip at 66200.
XLMUSD November historically starts the parabolic rally. BUY.Stellar Lumens (XLMUSD) has been trading below its 1W MA50 (blue trend-line) since the week of April 08, consolidating in what is technically a wide Accumulation Phase on every Cycle below a Lower Highs trend-line.
Having entered November today though, sparks a wave of optimism in the market as historically on a 4-year frequency, this month is very bullish as the Cycle's Parabolic Rally starts. What basically confirms it is a break above the Lower Highs trend-line and of course the 1W MA200 (orange trend-line), which always have emphatic rejections (July 10 2023, August 17 2020, September 16 2019) during the first stage of the Bull Cycle.
As a result, it is a good time to buy now that the price is close to its 2-year lows. Naturally the Target can't be above the All Time High Zone (consisting of the last to Cycle Highs), our take is its bottom at 0.800.
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BITCOIN Closed 2 straight green 1M candles after 7 months!Bitcoin (BTCUSD) is closing today the monthly (1M) candle and unless it drops by 7000 in a few hours, it will close the month of October in green. That will be the 2nd straight green 1M candle since March!
This 7 month consolidation period is no stranger to BTC as such patterns, where there are no straight green 1M candles, are standard Accumulation Phases that we see during Bull Cycles. So far on the current one we've had three (including March 2024) and once the market closed 2 straight green 1M candles, it rallied.
The 2019 - 2021 Bull Cycle had three such straight green candle occasions and a very clear Accumulation Phase, while the 2015 - 2018 Cycle had numerous. One thing is clear based on this multi-year chart. When the market closes two straight green 1M candles, it is always a good signal to buy.
But what do you think? Do you find this indicator reliable? Are you buying based on this? Feel free to let us know in the comments section below!
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BTC and Zoinky Blue 'Zoinky Blue' looks good on the BTC BLX chart. White trendlines are taken from the monthly. Until we see that Pi Cycle top, we keep pushing. On the weekly we have just created a move up from trend levels zero lag. Now we just wait on dominance to decrease and an alt season. Then once pi cycle top is in we can flip bias. Zoinky showed us the way many moons ago.
BITCOIN Gaussian Channel telling you the rally has already begunBitcoin (BTCUSD) is illustrated here on the 1W time-frame from the 2011 Cycle until today. We've used the Gaussian Channel (GC) after a long time and the reason is simple. Since the August 05 2024 Low, it has been supporting the uptrend up to today's test of the All Time High (ATH).
** Gaussian October support every 4 years **
This continuous support is a critical feature moving forward as every time the GC held at this stage of the previous Cycles (October 2020, 2016 and 2012), BTC started its final (and most aggressive) Parabolic Rally of the Cycle.
** Resistance turned Support **
What's equally interesting is that during those stages, the price also re-tested and held the former Resistance (of the previous Higher High), turned it into a Support (while the GC held) and bounced to the Parabolic Rally. This is a remarkably consistent feature taking place every 4 years!
** The green GC length matters **
Now as to the GC in more detail. What we want you to keep from it, is that the green part of the GC has lasted in the previous Cycles 123, 144 and 148 weeks respectively, which translates to 861, 1008 and 1036 days, until it turned red. As a result, we can expect the current green phase to last until December 08 2025 (minimum) and June 01 2026 (maximum). It is more reasonable to expect the longer case as the recent Cycles tend to have stabilized most of their common time patterns.
The Bear Cycle tends to start when a 1W candle is closed below the GC. Until then, based on the parallel Channel Up patterns that encompass 3 Cycles each time, we can even expect a price as high as $200000 for this Cycle Top.
Do you think that's realistic? And if so, do you also expect the GC wave to support a parabolic rally all the way to the top? Feel free to let us know in the comments section below!
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Bitcoin 2024Before the ETF decision, İ told you not to get caught in FOMO.
Now i expect consolidation before halving.
Prices may fluctuate between around 38.000$ - 48.000$ for a certain period of time, but then may decrease to around 32.000$.
Fundamentally, with Fed monetary policy easing, money inflow to the market will increase in 2024 and 2025. My target for 2024 is around 85.000$.
I think crypto technology is not at the prices it deserves.
It will definitely come to the point it deserves in the future.
DreamAnalysis | Identifying Key Triggers For ADA✨ Welcome to Today's Analysis!
Today, I’ll be analyzing ADA/USDT and identifying key triggers for trading opportunities in both spot and futures markets.
📅 Daily Timeframe Analysis
In the daily timeframe, ADA/USDT has been in a prolonged downtrend since reaching a high near the resistance level at $0.6660. After about 200 days of decline, the price has now reached the significant support level of $0.3150. This level has proven to be a crucial area of support, experiencing numerous interactions with candlesticks over time, which has slightly weakened its strength.
🔽 If ADA/USDT breaks below this level, it may drop further to the next support level around $0.2770. This area serves as the last stronghold, and a breakdown here could trigger sharper declines. Conversely, a rebound from the support level could lead to bullish triggers at $0.4041 and $0.4649, though these setups carry higher risk. I will use volume and RSI confirmations for entry to mitigate this risk.
🔼 Currently, the volume appears to be consolidating, indicating limited momentum in the market. A confirmed volume spike alongside a support break would suggest a strong bearish move, while a volume increase on a rebound would signal a potential bullish reversal. The primary bullish trigger would be a breakout above $0.4041 for spot trades, with potential targets at $0.4900 and $0.5700.
⏳ 4-Hour Timeframe Analysis
Moving to the 4-hour chart, we can see that the $0.3150 support aligns closely with $0.3286 in this timeframe. The price has recently bounced off this level and is currently attempting a pullback. If the pullback establishes a lower high, it will validate the breakdown and we can target $0.2770 next.
📉 In the event of a fake-out (where the price breaks support and then re-enters the range), a recovery above $0.3500 would indicate that buyers are stepping in to push the price higher. In this case, we could anticipate a move toward the upper range, with a long position triggered upon a break of $0.3669. A higher high, confirmed by an RSI move above 50, would strengthen the long setup.
📈 If momentum picks up, we can also aim for the key resistance at $0.4123, offering a solid opportunity for an extended long position.
❌Disclaimer
This is not financial advice; it is merely my personal opinion on how the coin might move. Always conduct your own research before making any decisions.
Is SUI the SOLANA killer?A lot of talk has been going around about Sui's (SUIUSD) long-term potential and many have gone as far as to compare it with Solana (SOLUSD), claiming it is a threat to the already established token. But is Sui really the new Solana?
We've made today's comparison for those people in an attempt to find any technical similarities between the two. The time-frame is 1W and as you can see, we compare Sui's price action from its start (May 2023) with SOL's from the first trading day back in April 2020.
As you can see, Sui has started off in quite similar fashion as Solana back in the day: initial correction, then big rally into a Bull Flag (dotted Channel Down). This gave Solana way to an even bigger rally, which after another Bull Flag, it peaked just above the 2.618 Fibonacci extension in early November 2021.
Sui is so far enjoying the first post Bull Flag rally, by making a new All Time High (ATH). Their 1W RSI sequences are also fairly similar. We expect the recent 2-week pull-back to resume the uptrend and as long as the 1W MA50 (blue trend-line) holds and continues to offer support, attempt to reach as high as possible within a 1-year time-frame.
If that's on the 2.618 Fib, as Solana did, then look towards a $40.00 Target. Now would that make Sui the Solana killer? No, but it will be interesting to see if it will indeed follow in its footsteps.
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BITCOIN All indicators aligned for an incredible 12-month rallyBitcoin (BTCUSD) broke last week above its 7-month Bearish Megaphone pattern, which was essentially the pattern that absorbed via a relief pull-back the incredible rally that the market had since October 2023, fueled at large by the ETF speculation and then launch.
** Bearish Megaphones inside 7-year Channel Up **
This pattern is, as you can see, part of a greater 7-year Channel Up that encompasses the last two Cycles of BTC. Halfway through the 2018 - 2021 Cycle, the market also had a Bearish Megaphone, a little larger, lasting for 12 months before the price broke above it.
** The importance of the 1W MA50 **
That bullish break-out came when the price regained the 1W MA50 (blue trend-line) as Support and until the Cycle Top, it was never compromised again. In an amazing display of Cycle symmetry, Bitcoin is also being supported by the 1W MA50 right now (has been since the March 13 2023 weekly candle), in fact it was successfully tested and held 3 times since August 05 2024.
** MACD Bullish Cross **
The Megaphone break-out and the 1W MA50 support aren't the only bullish indicators that point to a heavy price increase next. Perhaps the most important of all is the (L) MACD Bullish Cross on, also on the 1W time-frame, the first such formation in a whole year (since October 23 2023). This is a huge development as it comes after 7 months of non-bullish price action, indicating a shift in trend.
** Can the top be at $200k or above? **
When all those indicators were aligned in mid 2020, BTC kick started the 2nd, final and most aggressive Rally of its Cycle. It was +65% stronger than the 1st Rally. As a result, we may experience in the next 12 months a rally of +615% (65% greater than the +373% 1st Rally).
But if this seems too great without a catalyst like the ETF launch was in January, even if BTC replicates the bullish price action of November 2022 - March 2024, it will still hit the $200k mark. What history has shown at least, is that we can stay bullish, until a 1W candle closes below the 1W MA50, whether that's at 100k, 150k or 200k and above.
So what do you think about this triple bullish combo? Is it enough to initiate a 12-month rally? And if so, what is your target? Feel free to let us know in the comments section below!
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ATCryptoScan : BTSUSD at that time againLooking back at the BTCUSD weekly charts, there appears to be similar, if not the same, technical conditions before the start of a massive BTCUSD rally.
Marked out by time lines, the Green lines are the most similar to current (yellow), and the orange has only a differing VolDiv. All are breakout points and appears to be great accumulation start points for the next year or two.
Just weeks ago, a similar technical set up was made, and today is a couple of weeks after...
Clear correlation here, so we know what the most probable for the next year going forward...
Bullish BTC
One Last Hail Mary: Bidding on Ethereum’s Last LegAlright, one last try with this garbage. It’s been a pain and will likely underperform for the remainder of the year. But if you have some spare stables and would rather get single-digit returns, you can try bidding into the yearly open with me.
I’ll have some bids laid down there and will go hard on a reclaim of the lost trendline.
This is just a scenario. Overall, there’s a chance of this holding and continuing to make higher lows.
Let’s see... MARKETSCOM:ETHEREUM : More Pain than Gain, But Let’s Give It a Shot!
Late to the Game, but JUP's Weekly Trend is Too Good to IgnoreI’m a bit late to this one, but the trend has been confirmed since last week's close. I should have jumped in when I did with $RAY.
Now we have two options:
Buy on a reclaim of $1.11, with a clear invalidation if it falls below that level, or wait for confirmation on a 12-hour trend.
An unlikely retest at 92c. If that occurs, I’ll scale in from there, but I doubt we’ll see that opportunity.
Targets are set at $1.65 and $3, extending all the way to January 2025. The trend looks strong, making this an easy trade, similar to NASDAQ:RAY and SOLANA.
LSE:JUP Weekly trend active!
RENDERUSD Bottom accumulation almost over. Don't miss this buy.Render (RENDERUSD) has been consolidating within the 1W MA50 (blue trend-line) and 1W MA100 (green trend-line) for 3 months (since the week of July 29). This is the technical accumulation pattern that the token has gone through on every market bottom (green arc) in the past two years.
The 1W RSI has broken and been trading above its MA trend-line for the past 6 weeks, which is the first bullish sign and an indication that the current accumulation is almost over (similar to previous two bottom formations).
As a result, we expect an aggressive bullish break-out soon, the 3rd major rally towards the 2-year Higher Highs trend-line. Our Target is at least $45.00 (+300% more than the previous one).
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BITCOIN This 1D Golden Cross can push it to the ATH ($73800).Bitcoin (BTCUSD) is ahead of a major bullish formation as most likely by next Monday, it will form a Golden Cross on the 1D time-frame, the first such formation since October 29 2023. As we've analyzed before, it is no coincidence that exactly 1 year later a new 1D Golden Cross emerges as seasonality and long-term Cycles play a pivotal role for BTC.
On top of that, the price made a major re-test (and so far bounce) at the top of the former Channel Down that broke upwards last week. If this re-test holds, it is the best short-term signal for a new High. In fact the price has been making Higher Highs since the August 05 bottom, forming a double Channel Up pattern, and those Higher Highs are the reason why the market got behind this rally and supported it to break above the 7-month Channel Down.
So the Higher Highs along with the 1D Golden Cross are the bullish combination that the market needs to look (much) higher. The first technical target now is naturally the 73800 All Time High (ATH). It is very possible to see it get tested by the election day.
But what do you think? Do you expect the ATH to break aggressively after the elections, just like the October 2023 1D Golden Cross did? Feel free to let us know in the comments section below!
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The rise in the price of Bitcoin after the U.S. elections...☝️ US #elections and the impact on #Bitcoin
If you look at the election date the last 3 times, then each time after the elections, BTC showed explosive #growth for 12-13 months:
🟢 November 2012 - December 2013
🟢 November 2016 - December 2017
🟢 November 2020 - November 2021
🟢 November 2024 - November/December 2025(???)
Of course, there are no guarantees that such a scenario will be repeated for Bitcoin now, but if you ask me, I definitely think that something similar will happen again and I bet on it💰
#crypto #Cryptocurency #cycles
STXUSD is about to turn parabolic to $10.Stacks (STXUSD) has been trading within a Channel Up pattern since the December 26 2022 bottom. It is currently consolidating around the 1W MA50 (blue trend-line), coming off a Higher Low rebound at the bottom of the pattern and on the 1W MA200 (orange trend-line).
This current sideways trading is highly symmetric with the start of the previous Bullish Leg, as it is trading just below the 0.5 Fibonacci retracement level. At the same time, the 1W MACD has been on a Bullish Cross for a month now and the last time it formed a Bullish Cross (October 16 2023), was right after the previous Higher Low and before the 0.5 Fib consolidation.
Once the 0.5 Fib broke, the price aggressively rose on the Bullish Leg and formed a Higher High at the top of the Channel Up, right below the 2.0 Fib extension. As a result, we expect STX to reach at least $10.00 by the end of Q1 2025.
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DreamAnalysis | DOT Analysis: Key Triggers and Levels✨ Welcome to today’s analysis! In this post, I’ll be analyzing DOT for futures trading and sharing key triggers for this coin. The analysis is done on both the daily and 4-hour timeframes.
📅 Daily Timeframe Analysis
On the daily chart, after DOT reached the resistance at $11.396, the price reversed into a downtrend, forming three waves before hitting the support level at $4.003. Since breaking below $8.365, the SMA99 indicator has consistently acted as a strong resistance above the price.
📊 Currently, after months of consolidation between the $4.003 and $4.866 levels, and forming a range (box) between these two zones, we can expect a potential breakout to the upside due to the gradual increase in buying volume. The SMA99 is also approaching the price, and with the growing volume and compression within the range, there's a good chance the SMA99 could be broken as well. If the resistance at $4.866 breaks, the next resistance levels will be $5.636 and $6.415. Conversely, if the support at $4.003 is lost, the next support zone will be at $3.627.
📅 4-Hour Timeframe Analysis
On the 4-hour chart, DOT has been ranging for a while and is currently within an ascending channel. The price has bounced off both the top and bottom of the channel three times, showing strong reactions.
📈 For a long position, the trigger is a break above $4.572, but this is only valid if buying volume increases and the RSI is above the 50 line to confirm bullish momentum. The target for this long position is the top of the box, with the main trigger for a long being a break above $4.92.
📉 For a short position, the current trigger is a break below $4.18. However, if the price forms a new structure in the future, this trigger could shift higher. For now, the break of this level, which is just below the ascending channel, could be a good short trigger. The target for this short position is the bottom of the box, with the main short trigger being a break below $4.003.
🔼 By following these key levels and triggers, you can position yourself effectively in the futures market for DOT.
❌Disclaimer
This is not financial advice; it is merely my personal opinion on how the coin might move. Always conduct your own research before making any decisions.
RUNEUSD The 1D Golden Cross is the last buy opportunity to $38.THORChain (RUNEUSD) is about to form a Golden Cross on the 1D time-frame. It will be the first since September 06 2023, which at the time was incredibly bullish for the crypto.
As you can see basically, the pattern since the March 13 2024 High is quite similar to the price action from February 08 2023 to the time of the first 1D Golden Cross. Both sequences started declining under Lower Highs trend-lines and once broken, the 1D RSI turned overbought while the price entered a consolidation phase inside a Triangle pattern.
On the September 06 2023 Golden Cross, that Triangle broke to the upside just a week later and 6 months later it completed a +1368.50% rise from the bottom, reaching almost $11.500.
As a result, we expect a similar bullish break-out to take place and the upcoming 1D Golden Cross could perhaps be the last opportunity to buy. If the price follows another +1368.50% rise pattern, then we may very will see RUNE at $38.000 at the end of it.
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