Cycleanalysis
The #BTC Cyclical Turn Around Is Here!Bitcoin has dropped around 80% each bear market since conception, As we can see looking at the historical data I showed above. Each Bull cycle rhymes if you measure the days the bull/bear cycle ran for. Overall, I think we are on the edge of something special!
***nothing here is financial advice, always do your own research.
Unlocking the Next Bull CycleBitcoin's journey is often marked by key technical levels, and its monthly chart has a fascinating story to tell. The 0.5 Fibonacci retracement level from the All-Time High (ATH) has historically acted as a formidable resistance. Today, we find ourselves at a crucial juncture, echoing the past. To embark on a new bullish cycle, we need to conquer the 50K milestone.
Historical Significance of the 0.5 Fibonacci Level:
The 0.5 Fibonacci retracement level is a significant technical marker on the monthly Bitcoin chart.
It represents a retracement halfway from the ATH to a significant low, signifying a pivotal point in the asset's price history.
Historically, this level has posed a challenge for Bitcoin bulls, often requiring considerable momentum to breach.
The 50K Milestone:
As we observe the current market dynamics, it's evident that we're in a situation reminiscent of the past.
The 50K level is not just a psychological barrier; it's also in alignment with the 0.5 Fibonacci retracement.
Breaking above 50K could signify a new era for Bitcoin, potentially initiating a fresh bullish cycle.
What to Watch For:
Monitor Bitcoin's price action closely as it approaches the 50K level.
Look for signs of strong buying pressure, increased trading volumes, and positive sentiment in the crypto community.
Be aware of potential retracements or false breakouts; these are common in the crypto market.
The Bigger Picture:
While breaching 50K is a significant milestone, it doesn't guarantee an immediate and sustained bull run.
Consider the broader market context, macroeconomic factors, and institutional involvement in your analysis.
Diversify your trading strategy and have risk management measures in place.
Conclusion:
The 0.5 Fibonacci retracement level has historically held the monthly Bitcoin chart in check. Now, as we approach the 50K level, we stand on the precipice of a potential new bullish cycle. However, history reminds us that we must tread cautiously and stay vigilant.
Breaking through 50K could usher in a wave of optimism, but it's essential to be prepared for various market scenarios. Keep a close eye on the charts, follow market sentiment, and, most importantly, manage your risks wisely.
The crypto market is full of opportunities and challenges. It's a thrilling journey, and every milestone reached is a testament to Bitcoin's resilience and potential for growth. 🌟📊🧐
Gold. Where to sell/buy for better risk/reward ratio? 21/Sept/23The Fed just "giving" "ambiguous" "fundamental news" as usual. A "hints" for use to "interpret" with our own bias/perception.. Treat "news announcement" as "timing/cycle" for market not as "fundamentals for trading" maybe be a "good ideas"...
📅📈4-Year Bull Cycle and the 100 SMA Connection 🔄📅 The 4-Year Bull Cycle: Many seasoned crypto traders are familiar with the concept of the 4-year bull cycle, which appears to be a recurring phenomenon in the world of cryptocurrencies. Historically, it's been observed that approximately every four years, Bitcoin experiences a significant surge in value.
📉 The Dip Before the Leap: Interestingly, before each of these major bull runs, there's often a notable dip in the price of Bitcoin. It's during these dips that we see Bitcoin briefly dropping below the 100 SMA (Simple Moving Average) on the charts.
🚀 Setting the Stage: The dip below the 100 SMA seems to serve as a setup for the next bullish wave. It's as if Bitcoin takes a brief breather, shakes off weaker hands, and then prepares for its ascent.
📈 Past as Prologue: While history doesn't guarantee future outcomes, this pattern reminds us of the cyclical nature of the crypto market. It's not uncommon to see Bitcoin drop below the 100 SMA, only to rally to new heights shortly afterward.
🔍 Key Takeaway: Keep an eye on the 100 SMA, but remember that it's just one piece of the puzzle. Crypto markets are influenced by a multitude of factors, and no single indicator can predict the future with absolute certainty.
💡 Stay Informed and Adaptable: As crypto enthusiasts, our strength lies in staying informed, adaptable, and open to various perspectives. While historical patterns can provide valuable insights, they should be considered alongside other indicators and analysis.
🔄 The Cycle Continues: Whether you're a seasoned trader or a crypto newcomer, understanding the patterns and rhythms of the market can be empowering. The 4-year bull cycle and its dance with the 100 SMA are just part of the ongoing saga of crypto.
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US dollar/DXY just broke Liquidity zone. 8/Sept/23USD just broke Buy Side Liquidity / Stop Hunting zone @ 104.699 which is ..? AND more importantly what will happen to the correlation within Gold and SP500? start moving different direction or same? until 21 Sept 23? Depend on whether it is "risk on" or "risk off"?
The End of a Bear Market : Structural Breaks 📉📈🐻 Bear Market Recap: A bear market is marked by a prolonged period of declining prices and pessimistic sentiment. It can be challenging for investors, but it also sets the stage for a potential turnaround.
📉 Structural Breaks: One of the key signs that a bear market might be ending is the emergence of structural breaks on the price chart. These breaks could include a series of higher highs and higher lows, indicating a shift in market sentiment.
🚀 The Bullish Catalyst: Structural breaks are often accompanied by increased buying interest, a resurgence of optimism, and a more positive outlook for the asset in question.
🔍 The Importance of Retesting: After witnessing structural breaks, it's common to see a retest of old highs or key resistance levels. This retest serves as a critical validation of the new bullish sentiment. If the asset successfully retests and holds above these levels, it could be a sign that a new bull market is underway.
🔮 The Future Unfolds: While recognizing the signs of a potential market shift is valuable, always approach it with caution. Markets are complex, and not all structural breaks lead to sustained bull markets.
In conclusion, identifying the end of a bear market and the start of a new bullish phase involves recognizing structural breaks on the chart and understanding the significance of retesting old highs. It's a critical juncture in market dynamics and can present exciting opportunities for investors.
Stay vigilant, stay analytical, and remember – the transition from bear to bull is a moment of transformation and potential growth! 📊🚀
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Topglove! Good News! Finally reached 0.725! 1/Sept/23By "breaching" 0.80 again and reached 0.725 as last post on 20/May/23. Market Maker finally "creating panic selling!". But checking from smaller/lower time frame chart. its price still have high probability reaching @ 0.71-0.70 +/- before multi years bottom formed!
Happy Holiday And A Long Term Vision🎉Hello Traders and Investors ,
my name is Philip and I am on vacation for the next 4 days until Wednesday evening.
I won't post any analysis until then but here is a long term outlook on Bitcoin💰💰
Everything looks still very bullish despite the recent drop so keep your long term vision and I will certainly buy the dip.
Will be back on Wednesday!
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for your support and I will see you on Wednesday!
My previous analysis of this asset:
BTC Analysis for the Next CycleBTC Analysis for the Next Cycle
The reason i am predicting that support the last support is,In the previous cycle of btc have one common characteristics that when ever btc defence it bottom,it came near to bottom to panic people that it will break that bottom defined.But everytime its bounce from near to bottom still now,Hope it will also repeat that this time too...
Impact of Cryptocurrency Market Capitalization on Market DynamicIn the world of cryptocurrency, staying informed about market trends and indicators is essential for making informed trading decisions. One crucial metric that often goes hand-in-hand with market sentiment is the overall cryptocurrency market capitalization. This article delves into why keeping an eye on the cryptocurrency market capitalization is crucial and how it can provide insights into the broader market situation.
Understanding Cryptocurrency Market Capitalization:
Market capitalization refers to the total value of a cryptocurrency or the entire cryptocurrency market. It's calculated by multiplying the current price of a cryptocurrency by its circulating supply. Monitoring the market capitalization provides a snapshot of the market's size and valuation at any given time.
The Impact on Market Dynamics:
Keeping track of cryptocurrency market capitalization can offer valuable insights into market dynamics and trends. Here's why it matters:
Market Sentiment Indicator: Changes in market capitalization can reflect shifts in investor sentiment. Rapid increases may indicate bullish enthusiasm, while significant declines might signify market apprehension.
Market Trends Identification: Monitoring market capitalization over time can help identify trends such as bull markets, bear markets, and periods of consolidation. It offers a broader context for analyzing price movements.
Relative Comparison: Comparing the market capitalization of different cryptocurrencies allows traders to assess their relative performance. It helps in identifying potential investment opportunities.
Impact of Market Events: Major news, regulatory developments, or technological advancements can influence overall market capitalization. Tracking these changes can provide insights into market reactions.
Market Liquidity: Market capitalization can also give an indication of the overall liquidity of the cryptocurrency market. Higher market capitalization often implies higher trading volumes and increased market activity.
Conclusion:
Monitoring the cryptocurrency market capitalization is an essential practice for traders and investors seeking a comprehensive understanding of the market's dynamics. It serves as a key indicator of sentiment, trends, and the broader market situation. Combining insights from market capitalization with technical analysis, fundamental research, and other indicators can enhance your decision-making process.
As the cryptocurrency market continues to evolve, adapt your strategies to account for changing market conditions. Remember that market capitalization is just one piece of the puzzle, and a holistic approach that considers multiple factors is crucial for successful trading in this dynamic landscape.
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$NVDA Extreme Peak PatternYesterday's Top Gainer for the NASDAQ has found support at a precise technical level. This is usually technical professional traders. There could also be a few Dark Pools in the mix.
DPO Cycle Chart: The Detrending Price Oscillator I use to show the long-term cycle of a stock shows an Extreme Peak which needs to pattern out with the stock shifting sideways for a while. The Extreme Peak is not necessarily an exhaustion of trend pattern.
Between 2007 and 2020, NASDAQ:AAPL had 4 Extreme peaks, corrected and resumed the uptrend between each peak. Troughs were shallow during those years.
NASDAQ:NVDA needs to shift into a platform or other sideways trend to pattern out the Extreme Upward Cycle Peak. Otherwise, at some point, the over-speculated price will become a correction on the short-term or intermediate-term trend. This means that NVDA can move higher for a while BUT this is not an ideal long-term entry level until it patterns out that extreme peak.