Several buy signals on $BTC right nowA lot to see here, but focus on the 3 large blue numbered arrows, as they will tell you a nice story:
Arrow 1 - Detonator B Oscillator: note how he have now just market a green buy dot near the bottom of oscillation, together with a rising RSI (the light blue line going up)
Arrow 2 - Detonator C Oscillator: note the MA red line is just about to cross up the MA average orange line, signaling a up trend forming
Arrow 3 - Price has just touched the 200 EMA 1D green line and rebounded; here one of this last several days biggest resistence is this Fibonacci Circle (marked in tick green); a blue box buy signal has just appeared too on the Hodlfire Indicator
So... we have a lot of buy signals now; once the Fib Circle resistence is broken; that will be the confirmation signal!
Fibcircle
Next target for $BTC around 83KFrom the last wordwide events, next attractor for CRYPTOCAP:BTC is the green box
Why? CRYPTOCAP:BTC has broken out from the flag pattern and already made a retest from the ceiling, also breaking out from past Fibonacci Circle resistence
Note how the Fibonacci Circles have been serving as pivot and resistence points!
Next important Fib Circle resistence lies over the light blue continuous line and the target of the flag lies at the purple arrow right over the all-times-high!
So, there is confluence! We have flag target, plus ATH, plus Fib Circle resistence
The dotted blue line is a very important multiyear resistente and is very plausible that over it will be at least a bull trap taking CRYPTOCAP:BTC to that resistence line (dark blue continuous line)
$TOTAL is flerting with important Fibonacci Circle resistenceAfter a fake breakout from important Fibonacci Circle resistence and a fake breakout from the downward blue continuous line, CRYPTOCAP:TOTAL is trying to find now support over the daily 200 EMA (green line) that coincides exactaly over an important VWAP reset line
If prices continue to fall, a very important support will be over the market "Support Box"
Once the price breakout from the red Fib Circle, market will continue its move upward
The Bitcoin Matrix: Fibonacci’s $250k BlueprintI am tracing Bitcoin's trajectory to $250k using a unique technical lens - Fib circles on a logarithmic chart paired with extension spikes. These circles, six in number, have been instrumental in identifying key price action stages since Bitcoin's first halving.
We group these stages into three 'duo-phases'
( I, II, III )
( With two for each )
Each Macro Pair representing an integral era of Bitcoin's technical evolution in Logarithmic mode through s/r.
I've also linked my other future proof Bitcoin analysis ideas below.
BTC by the end of 2023This is a fib circle that I drew in 2019 and titled it "BTC by the end of 2020". It predicted two paths, euphoria and depression and the euphoria path won. Now I predict two paths based on the same fib circle and Gann fan. This time I don't predict a drop until 48k. Based on my other ideas linked below BTC still moving up for a while.
48k is the measured move of the falling wedge in the chart that BTC broke out of in January and has just retested. We notice that at 48k there is a fib circle around June. Price might slide down to 11.8k along the Gann fan line that intersects the fib circle at 48k. Price sliding down the Gann fan line happened in April 2022, August 2019 and January 2018.
Or BTC can go parabolic and reach 200k in mid-2024 which bodes well the lengthening cycle theory.
This is the idea with the fib circle from 2019
SOL/USD - Short. H&S, Fib Circles, Cypher Pattern...There are a lot of interesting features on the SOL/USD chart. Assuming that Bitcoin and Ethereum continue to trend down, this head and shoulders pattern will likely be successful. Looks like a short term short opportunity, just prior to a longer term long.
Bearish:
Rejected by the top of the downward trend line
Visible head and shoulders pattern
Bullish:
Cypher pattern valid after slight move down
Bullish hidden divergence on the RSI
Many other oscillators indicate oversold levels
Note levels of support per the fib circles.
IMO BTUSD headed to 43,400-45,500.Currently I have an active Buy in for BTCSD since the 11th of February after we reached 41,800 which is my .382 fib level. We continued to reject this level at 42,000 and range between here and 42500.
Targets are still the same as my most recent Idea,
43,400 - 45,000
will post another update soon. Take care
BTCUSDMy current position on BTCUSD,
Price has come down to 33,000, and rejected the innermost 1.618 Fib circles from the most recent downtrend (if it is fact ending now.
will wait to for further confirmation- If price breaks above 35,453 I will buy to the next 2 fib circle levels at 37,800-39,700.
I believe price may play around in this area and may reject the innermost part of the 1.618 circle a few more times before "the fly" back up to 40k ish
My daily sell break level is also listed at 35,165/ or below the 100% fib circle level.
BITCOIN - Lets TA Again 👍🏻Right so here we are again - back at SOW resistance with price finding support on SOW in D and have wicked through to bounce from SOW in A. These important support / resistance lines never go away. The market movers never forget - and you can see how these lines are places of change from regression to impulse (and vice versa) as well as reversal points.
I have overlaid the S&P500 chart and it can be seen that both charts have been moving in tandem to an extent since BTC July impulse. But that correlation appears to be in decline here as SPX has surged to ATH but BTC has drifted sideways. This seems to be a clear indication that BTC top has passed. But also could BTC be a leading indicator to the S&P again? In December 2017 BTC topped40 days before SPX. Could this happen again? - perhaps...
Currently BTC is in a price contracting fractal somewhat similar to that of September. Will it be a continuation or a reversal? - Its very hard to tell. The previous contracting pattern could easily be seen as a descending triangle where lower highs lead to capitulation, but this is BTC which has its own plethora off possibility from such fractals. The simple answer is; I don't know but I will have my 'notebook' to hand.
Looking to the RSI there is some bullish divergence and it has touched the lower band so this also suggests a bounce may be on the cards. But that certainly doesn't suggest that BTC will hit a higher high. Take a look at the circled RSI area and see how price reacted after: It was a bounce then a dump. Could that happen again? It seems the most probable outcome, but not with a high degree of certainty, BTC is very slippery and there could be yet another change up and price crash - so I won't be going long here.
I have a theory that every crash structure will have a 0.618 bounce at some point. This is an inevitable automatic rally following a impulsive sell off, and BTC hasn't had such a bounce as yet. Previous crash said bounce occurred on 26 April from SOW in D. Now that bounce can continue up and fakeout higher, but it seems that 0.618 - 0.75 is the common area to not move passed the tipping point and I will be looking to short there again. If it bounces here then that area is 56 - 60K, but if BTC crashes then that area will be lower.
I've also added some fib circles to the chart - as you can see there is activity on most rings. This idea was taken from @snookerer, who has some very interesting charts and a similar BTC target as well as a small army of trolls. BTC is close to touching a ring here so could be some movement soon.
Whatever happens BTC will see 20K.
Not advice.
Interesting Fib Circle PeaksOn this chart it can be seen that Fib circles correspond to opposite peaks within the current uptrend (red ovals)
I'm not sure of the correlation and causation of this, but it is pretty cool to see
Price will likely continue up through the channel placed
Climbing Through the Circles TOTAL2Some circles showing the intersection and connection to the circle as time passes
~2.2 years is my expectation for the current bull run
Previous bull run labelled along with the bear market also
Above is the chart analyzing how I came to the conclusion of 2.2 years