End of the Bitcoin JourneyAfter not posting for a long time, I finally returned to analyzing the market, namely the Bitcoin market. From the chart here we can see the end of Eliotte, namely stage 5 in the 1 week time frame, which means what? That's right, we are at the end of the Bitcoin bullrun.
OK, I will explain a little about the chart that I made;
First, Bitcoin at the end of this year will reach its highest point at $109k-$119k then will fall slowly but still in the $100k area.
Second, Bitcoin will experience a fairly large decline to $60k- FWB:65K , why is that happening? as Bitcoin has a CME Bitcoin GAP in the $80k-$78k area.
Third, Bitcoin will experience a very large decline in March-April 2025, namely it will touch a price of $43k-$45k, why is that happening? because Bitcoin is currently forming a pattern, namely Head and Shoulders, with a low position between $43k-$48k.
What is next? OK, in my opinion, Bitcoin will hit $100k again in 2027, If;
1. Bitcoin support is strong in the $43k area
2. There is no Global Crisis.
If either happens then Bitcoin will hit $10k again. How is that possible? Yep, we forgot something, namely the CME Bitcoin GAP which is in the $9.8k area.
Maybe this is all I can say, and maybe I'll come back a few months from now.
If you find my explanation useful, don't forget to leave a donation in my Binance account with ID: 36103837 to support my idea. I'll just end it here and say thank you.
Head and Shoulders
Inverse H&S still in Play with previous Similarities showing. GM & Afternoon Everyone! XRP 1h has been bouncing between the 2.17 & 2.19 supports. We may see XRP visit 2.59 then get rejected and find support around 2.47. Inverse H&S also still in play. We also are showing similarities between Nov 22 - 24 on the chart. I share what I see. Not financial advice. I do not have a crystal ball. Cheers & have a wonderful day!
Thanks,
-Higher_State
Inverse H&S still in Play with previous Similarities showing. GM & Good Afternoon Everyone! XRP 1h has been bouncing between the 2.17 & 2.19 supports. We may see XRP visit 2.59 then get rejected and find support around 2.47. Inverse H&S also still in play. We also are showing similarities between Nov 22 - 24 on the chart. I share what I see. Not financial advice. I do not have a crystal ball. Cheers & have a wonderful day!
Thanks,
-Higher_State
Alt Bull market cap targets broken out in JPY (leading) 2-->5X?Bullish signal for Alts Others market cap shows breakout in JPY
Others shows the total crypto market cap minus top 10
(Also you could pullout timing view more and consider the macro chart which shows price is supported or risked by long term trendline support not shown here.)
You have to love that the Others price was supported by the 200 EMA so the banks got busy buying at that point pretty much nearly all alts took off as their index said buy a coffee and cake sit down and press that buy button all morning some serious buying to increase your year end bonuses. House, car, boat, plane?
JPY crypto prices signals are clearer at the moment in crypto land we got our retest of the break of the neckline so hopefully off to the races we go for first part of 2025 or does the big bad bear just knock us over. If prices fail then you know crypto is no longer the place to be and alts will be hit hardest first. The canary in the coalmine for sure. Signal will be break of the lows or the now trendline under the price action on Others market cap.
Maybe the big boys borrowed their funds in JPY carry trade and put it into crypto ?
The Head and Shoulders chart shows breakout and retest neckline
The cup and handle chart shows breakout
The targets shown depending on where you set them from ... All show upwards just a case of is it 2x or 5 x - any of these numbers will do
Cycle timing suggests the Crypto alt market will finish in Oct 2025 if it follows prior cycle timings, these chart signals tell us to be careful from end of April 25 as we are in pattern over performance and maybe price runs between the green lines longer. This are guides and no certainty - based off old charting rules and rules of thumb! If any doubt say on the safe side and book profits. There will alway be more opportunities
I am turning Japanese ! those guys have got it going on! early signals when viewing charts in JPY and potentially targets better defined. However volume is still in USD but did they borrow the money from the JPYUSD carry trade? Hence the JPY signals being reliable?
Happy days ! to all Alt crypto traders out there! stay with the trend until it breaks under the 200 EMA or breaks that trendline first of course.
Stay sharp and in contact people as the big bad Bear will follow this. Then all bets are off or survive on short trades as monolithic biblical bears emerging for our first real super bear cycle in 2025 - which no one seems to be aware or talking about! but USA equites seem to be rolling over - so careful out there this year coming.
$SNOW - gap fill to the downside below $160SNOW - Stock is making a head and shoulders breakdown pattern on daily time frame. Stock held $160 gap entry level. if fails we have earnings gap fill to the downside to $133.85. Stock has 50 EMA at $150 which is another support level to watch. $168.50 level is key resistance break for upside move.
SkyWater Technology, Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# SkyWater Technology, Inc.
- Double Formation
* (Neckline) At 8.00 USD
* Retracement Numbered | Subdivision 1
** 1.272))
** (1)
** ((50))
** (0)
- Triple Formation
* 12.00 USD | Area Of Value
* Pattern Recognition | Head & Shoulders | Subdivision 2
* Retracement Not Numbered | Daily Time Frame | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
You see head and shoulders breakdown, I see quick $$Algo vs. head and shoulders smackdown -- who's gonna win? (said in my most bobastic sounding voice) To be honest, both COULD be right. I can win short term and the breakdown could be real.
Uptrend line from the May low is still intact and I always listen to my algo on the miners because the wins are usually fat compared to others, plus it has already corrected 40% and Bitcoin hasn't. While the miners are always leveraged plays on bitcoin in both directions, 40% seems extreme to me.
I traded it during the March-May 50% correction and made money then, so entering after a 40% drop already happened makes this a much higher probability trade. I may cut it loose early if I can get a big win before the end of the day on Monday, though.
Per my usual strategy, as long as the position is open, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
$NVDA H&S, Potential Correction?Seeing this H&S forming on NVDA. Technicals showing a potential correction down to $110. This price prediction was made by measuring from the head down to the neckline. With recent FOMC reaction will this be possible? If anyone has fundamentals of the overall AI market for the short term id love to hear your input.
MCD “McDonald’s” is ready to go!As McDonald’s is attempting to recover from the gap down due to the outbreak, we see an inverse head and shoulders pattern forming……Bouncing from relatively low RSI……Following rate cuts by the Fed…….I believe we are primed and well position for a nice rally until 2025!
According to this pattern, EUR/USD's next target is 1.0181A little-known pattern called the Failed Inverse Head-and-Shoulders pattern was triggered in EUR/USD yesterday following the Fed's rate meeting. This pattern occurs when the price breaks below the right shoulder of the head-and-shoulders formation, reversing the original bullish pattern into a bearish one. In this case, the target is the difference between the head and the neckline, which is 280 pips. When subtracted from the right shoulder low, this suggests the price could drop to $1.0181.
For the pattern to remain valid, the price must stay below the right shoulder low at $1.0462. As long as it trades below this level, the bearish target remains intact.
This aligns with recent developments at the Fed, which surprised the market by signaling just two rate cuts in 2025 while anticipating higher inflation. Trump's potential policies, including trade wars and tax cuts, are likely to fuel inflation. Meanwhile, Europe faces additional challenges, with continued rate cuts and expected economic strain from trade wars likely to worsen its economic troubles.
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Binance stalled, but will go higherBinance coin is stalled undertaking a long-term inverted head and shoulders pattern. There is likely to be a bit more down, before busting through the upper trend line on to new all time highs. Keep a close eye on it, as it's buffeting nicely. I'd take a long trade once there's confirmation of the upper trend line being decisively breached. Else, we might see a failed head and shoulders. Keep a close eye and follow for more.