BITCOIN ETF APPROVED!! Aggressive rally to $120k possible?Exactly a year ago (January 18 2023) we posted our last Fibonacci MAs study and called for a calculated rally while the rice was still at 20k:
It is now time to expand on our original idea and update it using the Mayer Multiple Bands. Basically, as you can see on the chart below, the Mayer MA helped us on June 17 2022 identify the Bottom Phase on the 1W MA300:
On the current analysis the 1W MA300 is portrayed by the blue trend-line but our focus has shifted to the black trend-line (Mayer Multiple Mean), which just broke emphatically this week. As you can see, when BTC has broken above this level since November 2015 (green circles), it starts aggressive rallies (lowest of those 3 has been the April - June 2019 of +180%).
The dashed curve represents the Bull Cycle Rally phases and if the +180% mininum black trend-line rise is repeated, expect at least $120000 as the current Cycle High. It might be less aggressive than the previous ones (Theory of Diminishing Returns and Cycle lengthening) but it should hit at least the orange trend-line (2nd upper SD) as it has always done in the past.
But what do you think? Are we going to see such a strong rally now that the Mayer Multiple Mean has been broken? Feel free to let us know in the comments section below!
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Cryptocurrencysignals
ETHEREUM One more pull-back before $3000.Ethereum (ETHUSD) almost hit our 2450 Target on the last buy call we made (November 17 2023, see chart below) before it started to consolidate at the top of the 1.5 year Channel Up:
However it did turn out that the consolidation Megaphone, similar to January's, was the one that started on December 09 2023 and not before, as on our previous analysis. For that reason we adjusted the Channel Up, this time on the logarithmic scale, and it fits perfectly the current consolidation after the initial October Bullish Leg.
The 1D MA50 (blue trend-line) provided the first line of Support and if the January - February 2023 repeat continues, we should be expecting one final pull-back towards the 1D MA100 (green trend-line), which is where the March 10 2023 was made (also on the 1D MA200 (orange trend-line)). On top of that, the 1D RSI provides an excellent buy signal, as the 30.00 - 32.00 Zone has given 4 excellent buy opportunities in tha last 14 months.
The target is $3000, which is on the 1.5 Fibonacci extension level and almost represents a +100% rise from the October 12 2023 bottom. Those where the exact ranges of the April 16 2023 Higher High of the Channel Up.
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BTC/USD Local Work - 44,700 until January 17. Triangle 17% Time frame 1 day. Until January 15 (the key date mentioned earlier) there will again be pumping of info space and opinion on the acceptance / non-acceptance of the spot ETF by the US Securities Commission (SEC). Hence, the next round of "hunger games" will be opened after the New Year on January 5-6.
Line chart.
On bitcoin, under the resistance zone of 44,700 (key and symbolic) an ascending (bullish) triangle is forming at the moment. It is worth noting that above this resistance accumulates a huge liquidity from stop-loss shorts, which can serve as "fuel" for the impulse (breakout of it). This triangle is forming near the resistance of the large ascending channel (percentages shown). Local percentages taking into account this formation and key support/resistance levels are shown.
The ascending channel and this local trading situation in it. (part)
BTC/USD Local trend 11/19/2023
Altcoins and the $44,700 breakout .
If this liquidity is removed and the 17% triangle works its way up (even with a false breakout to channel resistance) - ALTCOINS EXPLODE in the moment and "overtake the market". Especially the low and medium liquid ones (which are swinging even now, when bitcoin is in the zone of doubt and uncertainty).
Liquid, large capitalization, HYIP (crowd is planted) — of course not now (i.e. price rise or fall only according to the market trend no more and no less).
Triangle break down through a false breakdown or without it. .
The first stop zone 38 -36 thousand to the bullish meridian (will be relevant later), which is the middle of the ascending channel.
Not now (but worth reminding). Money and risk management. .
Maximum reduction at the moment of capitulation for long liquidation, as well as by the way shorting of futures and margin positions when reversing by a large % (“needle takeout”), before the transition to the participation phase (price movement of 2024 targets to 2025 distribution zones) and a significant correction in the trend (does not break it) is a dynamic support of this huge ascending channel, which is the zone 28-26 and even 24 depending on the time of realization (the channel is ascending). When trading, earning, remember about this logical probability and set aside at least 30% of the profit in stablecoins. This happens when it is not expected (efficiency).
Futures and the penalty for greed.
Be careful with futures, so that the growth of the numbers drawn by the exchange on the screen of the futures account does not put your vigilance to sleep. Observe risk management. Always withdraw part of your profits to margin with reduced risk or to spot. When cashing out, don't be greedy. Otherwise, you simply burn time (money from you at zero will be taken away in the moment).
In cross and isolated margin, always keep the risk low . In moments of “market panic” this indicator will change to high. Medium risk to liquidation). Have stablecoins to refill collateral at the “peak” of fear.
Another option is knocked out stops (of all positions or part of them) as a body of collateral. Remember that in sharp movements, stops may fail or partially fail due to price slippage (make a large stock pitch, especially on low liquid cryptocurrencies).
It is worth noting that hedging by opening a short position may not work due to the speed of market movement at such times. This is done by a “manipulator” at a time when few people expect it, i.e. on the positive side. If you have time to open a hedge — great. If not — all of the above.
Bitcoin has reached the ceiling of the ascending channel.In the recent Bitcoin correction, support was found above the daily Kumo cloud and it again reached the ceiling of the ascending channel and tested it.
Traders who bought at the base of the triangle sold at the top of the triangle.
As long as the channel ceiling and the upper side of the triangle do not break out, new daily buyers will not be persuaded to buy, and as long as the lower side of the triangle does not break out, there will not be much selling pressure.
BITCOIN Formed the first 1W Golden Cross in history!Bitcoin (BTCUSD) completed with last week's candle a Golden Cross on the 1W time-frame, its first ever in history! That alone is a monumental development, as the Golden Cross pattern is a powerful technical formation, especially on stable long-term time-frames such as the 1W.
Apart from the technicalities, this pattern becomes even more important considering the fact that it was formed only three days before the all important decision of the U.S. Securities and Exchange Commission regarding the approval of a Bitcoin ETF.
On the current analysis we decide it would be productive to maintain a long-term perspective on BTC and interpret the Golden Cross and the potential ETF approval on a macro Cyclical scale. As you can see, we are on that certain level during each Cycle when the Parabolic Rally is about to take off. Principally, there is nothing that can hold BTC back, especially after Halving 4 this April and every pull-back on the dotted trend-line is technically a long-term buy entry.
But what do you think? Is this first ever 1W Golden Cross along with a potential ETF approval really what Bitcoin needs to take off and approach the All Time High? Feel free to let us know in the comments section below!
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GMT/USDT Major trend. Super HYIP and Super Dump. -96,69%Main trend. Time frame 1 week. There is no sense in less. The super dump is about +5000%, similarly the super dump is -96.69% from the peak at the moment. A big wedge is forming, the price is near the reversal zone. The target, which with a high probability will be reached urgently, is shown on the chart in case of a breakthrough of the dynamic resistance (downward trend) of the wedge - descending channel.
Marketing program "buy promising" on pampa +2500%
Notice where the super marketing PR was launched about “blockchain sneakers” for true ..... At +2500% price values (pamp stick). Then a little consolidation (sales of “promising” ... so that each “hamster” was in the future fabulously rich) then the last shot +88% (so that hamsters were happy about a successful investment) and naturally super depreciation of unnecessary phantom -96%
Expensive and cheap. Trading and investment. Psychology.
-96.69% Wanting to buy “blockchain sneakers” to make money or something there...??
The former "investors in nothing" will probably get sick from such an offer. Maybe it's a bad idea. Maybe it's time to buy a little, because before the desired and very expensive crypto hype (sales of creators and funds - investors) crypto garbage will be dozens of times more. The main thing is to hold a little and do not forget to get rid of it, so that you can repeat the “investment” again for a longer period of time.... and then already get a super profit.
Maybe it's time?)
This is what the trend of this cryptocurrency looks like on a line chart. .
Trade signal | FC Barcelona Fan Token (BAR) setup upto 10% pumpHi dear friends, hope you are well and welcome to the new update on FC Barcelona Fan Token (BAR) with US Dollar pair.
Previously we caught almost 36% pump of BAR as below:
Now on a 4-hr time frame, BAR has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Trade signal | Fantom (FTM) a setup for upto 41.50% rallyHi dear friends, hope you are well and welcome to the new trade setup of the Fantom (FTM) coin with US Dollar pair.
Previously we caught almost 100% pump of FTM as below:
Now on a daily time frame, FTM has almost completed a bullish BAT move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
KP3R big move on the way 🚀A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.
Next bull run will be mind blowing cuz there’s a whole lot of project that will do 100x NASDAQ:SLP #KP3R 🌪️⏳
OSMOUSD Buy the break-outOsmosis (OSMOUSD) has been on a hyper aggressive rise in the form of a Channel Up since the October 19 2023 bottom, being supported by the 1D MA50 (blue trend-line) while forming a 1D Golden Cross in the process.
It has reached Resistance 1 (2.27800), the first important Resistance level on the long-term and if it breaks, we will buy the break-out targeting 5.000 (just below Resistance 2). The confirmation signal can be given by the emerging Bullish Cross on the 1D MACD, just like the December 10 2023 Cross, which initiated a +172.93% rally.
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BITCOIN Is a potential ETF approval already priced in?It has been almost 3 months since Cointelegraph's fake ETF approval tweet (October 16 2023), which was basically the start of a medium-term mid-Cycle parabolic rally for Bitcoin (BTCUSD) that saw it grow by +69.10% this week. Yesterday we got the first serious signs of exhaustion as the 1D candle made contact with the 1D MA50 (blue trend-line) for the first time since October 12 2023. That was also at the bottom (Higher Lows trend-line) of the long-term Channel Up pattern. Both (1D MA50 and Channel Up) held, which keeps the trend bullish for now.
** Is the ETF priced in ahead of SEC? **
Only days before the Securities and Exchange Commission's (SEC) deadline regarding its decision, the real question is, has a potential Bitcoin ETF approval already priced in on this enormous mid-Cycle rally?
** Buy the rumor, sell the news? **
Indeed that was a significant move, especially considering the fact that it took place months before the next Halving (number 4, expected this April), which is the fundamentals event that provides a supply shock in the market. Nobody knows for sure how the market will react to a potential ETF approval next week but we have seen the old 'Buy the rumor, sell the news' approach one too many times happening in situations like this.
** Next Halving is the benchmark **
It wouldn't be surprising to see a correction towards April's Halving and then accumulation towards the Bull Cycle's 1 year rally. Purely from a technical point of view, which is the only hard data we have at hand to work with, a 1D MA50/ Channel Down break downwards can start a technical correction towards the lower Fibonacci retracement levels and the long-term Moving Averages.
** Fibonacci targets and the 1W MA50 **
The first level to test would be the 0.382 Fibonacci around 37500 and then the 0.5 Fib around 35350. If the correction takes place gradually in a controlled manner and not aggressively, we can see a 1D MA200 (orange trend-line) contact by then. A more aggressive possibility can see BTC test the 0.618 Fib and the 1W MA50 (red trend-line) a little lower, which is the natural long-term Support during Bull Cycles and is currently intact (the 1W MA50) since March 13 2023.
** Bearish Divergence **
In addition to the above technical realities, we shouldn't ignore the 1D RSI, which has been on Lower Highs since October 25 2023, i.e. peaked 9 days after Cointelegraph's fake ETF tweet, trading within a Falling Wedge pattern, which with regards to the price's Channel Up, is a Bearish Divergence.
But what do you think? Is a potential ETF approval already priced in, and if yes how low do you expect the price to fall? Feel free to let us know in the comments section below!
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The best coin market meme... SHIB army support me !!!In my opinion, the best coin market meme is Shiba right now.
The chart is in the weekly time frame and I think it is very clear.
Entry point and stop loss is up to you and I just shared my long term view with you.
Good luck, dear traders
Mohammad Goodarzi
Thursday
4 Jan 2024
MKRUSD Channel Up top hit. Pull-back expected.We last looked into Maker (MKRUSD) 4 months ago (see chart below) where we called for a buy that eventually hit our 1600 target:
This time we are making a sell call as the price hit the top of the 5-month Channel Up. Our target is just above the 0.618 Fibonacci retracement level at 1500, which has been the pull-back level of the last two medium-term corrections within the Channel. It is likely that the market tests the 1D MA200 (orange trend-line) there, before it rebounds aggressively for the 2024 parabolic rally.
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BITCOIN The Ultimate Pitchfan Cycle AnalysisBitcoin (BTCUSD) has seen a significant mid-Cycle growth in the past 2 months, approaching the pivotal 50k level. Technically a break above the 48.5k Resistance, constitutes the beginning of the Parabolic Phase of the Bull Cycle.
There isn't a better way to illustrate this transition than the use of the Pitchfan tool. Rarely used on BTC analysis and even more so on the long-term Cyclical patterns, it displays as you can see a very accurate illustration of the Cycles and specifically the stage we are currently at.
Every Resistance break-out usually takes place around the Halving event, which is the fundamental that typically signals the start of the rally to a new All Time High (ATH). The market is only 4 months away from this event and based on this every pull-back to the 1D MA50 is a buy opportunity to Dollar Cost Average (DCA).
So what do you think? Do you expect a Bullish Break-out into the new Parabolic Rally soon? Feel free to let us know in the comments section below!
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TVK/USD Major trend. 10 10 2023Logarithm. Time frame 1 week.
"Dying" cryptocurrency that is traded on major liquid crypto market exchanges. Previously traded (all ideas naturally not public) this dump/dump scam. Profits were substantial. All previous ideas fixed in the links.
At the moment -98% of the peak pumping price.
The very idea of such a scale time frame in order to understand in what price zone is the zone to work and what prospects.
The main trend is clearly downward. A huge wedge has been formed.
The secondary trend is descending, which similarly formed a wedge after the breakout of the horizontal channel with a huge % step of about 160% (liquidity).
Linear price chart.
Secondary trend and localized work.
XTZ/USDT Secondary trend. Channel. Wedge. Pivot zone. 11 2023Logarithm. Secondary trend. Time frame 3 days. Horizontal accumulation channel. Formation of the wedge 9 months. Now there is a breakthrough of its resistance. The targets of the wedge and the channel are shown. Also medium-term targets at the exit from this horizontal channel. At the resistance of the accumulation channel be careful and protect the profit.
Now in the moment the price 0.777 (21)
Speculation and Investing. .
ICO 2017 .
5000 XTZ = 1 BTC
After ICO = pamp 11 X (resetting positions).
After 6 years .
2023 5000 XTZ = 0.11 BTC (-9X)
2023 44,494 XTZ = 1 BTC
Altcoins are for speculation and making money on volatility,
not for long-term investment (hold).
Surrender Zone. Mani management.
Several times there was an entry under support to gather liquidity (stop loss). Later, there may well be a return to it (depending on how high the price will be at the reversal) in a relatively short time (final market capitulation) from the trend position (probability of no more than that, which should always be remembered).
Line chart for clarity.
Secondary trend with downward channel (all the decline from the highs + this accumulation zone).
XTZ/USD Secondary trend. Downward channel. Publication 01 2023
Primary trend (entire trading history).
XTZ/USD Primary Trend. Downtrend channel Publication 01 2023
Main Trend 01 11 2023 Price $0.777 now in momentum.
ATOM/USDT Secondary trend (part). Symmetrical triangle.Logarithm. Time frame1 day. Part of the secondary trend (right shoulder area).
A rather significant symmetrical triangle has formed over several months. The price is almost in the very corner. The denouement should occur in the near future (from the trend position). The price is almost in the very corner of the figure. The areas of the reversal levels are marked in yellow and the percentages of them. I don't recommend to work inside the formation at the moment (final phase of its formation), but to wait for the outcome, i.e. a breakdown, and better yet a pullback after the breakdown and confirmation of the reversal.
Fundamentals and the distribution of coins by price between market participants are initially "different purse."
I would also add, it is fundamentally one of the most promising blockchains and one of the cryptocurrencies in speculative terms with the most unfair competition. Consequently, always limit the potential losses in your work. For you super losses, for someone this price will be the most inadequate profit.
This is what this triangle looks like on a line chart.
The entire secondary trend. Time frame 1 week
ATOM/USDT Secondary trend. Right shoulder area
The main trend. Time frame 1 week.
Celestia (TIA) completed setup for upto 25% pumpHey dear friends, hope you are well, and welcome to the new trade setup of Celestia (TIA).
Recently we caught almost 31% pump of TIA as below:
Now on 4-hr time frame, TIA has formed a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Solana (SOL) completed a setup for upto 30% pumpHey dear friends, hope you are well, and welcome to the new trade setup of Solana (SOL) coin with US Dollar pair.
Recently we caught almost 140% pump of SOL as below:
Now on 4-hr time frame, SOL is about to complete a bullish Cypher move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BITCOIN Will it hit 48k before the New Year?Bitcoin (BTCUSD) is currently testing the 1-month Higher Lows trend-line that has been supporting the price action since the November 22 Low. Even though the 4H MA50 (blue trend-line) has been acting as a Pivot, the 4H MA200 (orange trend-line) has been intact and supporting since October 15 and is right below that Higher Lows trend-line.
Technically, the price action from December 08 until now is similar to that between November 09 - November 27. What followed after the (d) wave bottomed on the Higher Lows trend-line was a +21% rally.
If the final sequence is repeated as well, we can expect the 48300 March 2022 High to get tested.
But what do you think? Will that be the case and if so, do you expect 48k to get hit before January 01 2024? Feel free to let us know in the comments section below!
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Trade signal | THORChain (RUNE) setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of THORChain (RUNE) with US Dollar pair.
Previously we caught more than 400% pump of RUNE as below:
On a 4-hr time frame, RUNE has formed a bullish AB=CD move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.