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Cryptographic Truth Final Run (Chainlink)The final run is starting, ahead of schedule it seems! The fractal did not play out the same during this section; it seems we are running much faster! Normally, during this part of the zigzag fractal, Chainlink takes 12-15 days to bottom, but we seem to have done so in only 6 days, half the time it normally takes. I have covered this in all the previous Chainlink parts with pictures; take a look at parts 1-3.(Links Below) The golden pocket sits at $35, and the fractal date when it tops out is December 15th, 2023. A mirrored move would take us to $30 mid-December. I don't believe we will mirror because history shows us this final leg is much more extreme than the first. This TA below of a BTC/LINK Fibonacci time sequence has been correct for years at predicting Chainlink events the next date is April 24th 2024. Whats going to happen who knows but what we do know is when these dates arrive things happen with Chainlink . Already re-entered my long here, got in at $14.6 after the descending wedge broke. This rally is only going to last until December. After that, there will be blood, one more flush out for sure. Below, I presented why, in a Bitcoin TA, sometime from March-April 2024, there will be something big happening that takes Bitcoin down to $20k, and if that happens, LINK will also be coming down.
COINBASE:LINKUSDLong
by Sporia
5
Cryptographic Truth (Chainlink)I know the chart looks ridiculous; it's hard to visualize such crazy vertical moves, but we have to follow history, and so far, we are still mirroring the last link bear market. When you go back and spend time analysing Chainlink movement, you can you see that all of the big moves happen within a 40 day window, yep thats it 40days, extreme volatility and then its over in a blink of an eye. Lets go back from the very start of Chainlinks history, well atleast to where the Coinbase chart starts. 2017 The first ever big Chainlink move from start to finish happened in just 40days. 2019 The second big move chainlink did lasted just 46 days and it was over , as soon as we broke the range we launched straight up to the 3.618. 2020 The next move higher was again the same break of range 41days till top. 2021 We also did something similar here we broke the range and within 30 days we break all time high again , then kept on pushing higher during the bull market for the blow off top. As you can see when chainlink breaks this range it could just be 40days of "only "up" and then its over. For the past couple months I have been following this bear market fractal that played out of chainlink last cycle. Its been close , very close , even now the last pullback was nearly the same . So if the pattern continues to play out Chainlink will break out of the range October which lines up with "smartcon". In the last TA about chainlink I went over all the past Octobers and saw that there has only been one October that chainlink has finished in the red , just when it got listed. Oct 2017 -55% Oct 2019 +49% Oct 2020 +28% Oct 2021 +19% Oct 2022 +2.75% So where does it go once the range its broken, thats the magic question if it repeats last cycle we talking about 170 dollars by January 2024. I think if there is a explosive move it will be back to all time high just under the 8/1 Gann Fann. My Eillot wave indicator is lining up with the 8/1 nicely and again the move would only last 40ish days Chainlink broke all time high four times before the cycle peak with Bitcoin, question is will it do it again.
COINBASE:LINKUSDLong
by Sporia
19
ETH Roadmap (50k 2028)It is very much possible to see a 50k ETH by November 2028 if this channel stays intact; the path is clear. I believe ETH is right now on the verge of bottoming on the ETH/BTC chart. We have been in a massive symmetrical triangle since 2017 and have now fallen to a very important level where ETH tends to bounce more often than not. Out of the seven different times ETH has come near this level, only twice did we have red candles (2W chart). We also just printed a Heikin Ashi reversal candle on the monthly chart, looking very promising. The ETH projections are calculated based on the Bitcoin cyclical cycles: - Blue Line: Bull Market starts - Red Line: Cycle Top - Green Line: Cycle Bottom My reversal indicator has confirmed a weekly reversal based on the last weekly candle close. This signal has fired off just four times within the entire ETH history; it's not a lagging indicator—it works in real-time. If history repeats, ETH hits 16k this cycle sometime in May 2025.
COINBASE:ETHUSDLong
by Sporia
2
Bitcoin Roadmap 2025It's been a while since I did a Bitcoin TA; I've been focusing on Chainlink mostly these days. Still, I spent the last few days going over everything to come to this conclusion as the most probable outcome next two years . There's a high chance we won't see an all-time high until late 2024. Like always, it's never easy to predict what Bitcoin is going to do next. You would think that this last cycle, we would have some sort of clear top and clear bottom so we could confidently calculate the next cycle top and bottom. But, in true Bitcoin fashion, we get a mixed bag. Last Cycle First time in history, Bitcoin had a double top for a cycle: - April 2021 - Psychological Top - November 2021 - Technical Top The entire market topped out in April 2021; a few coins came in with higher highs later that year. Something that is crystal clear is that Bitcoin took exactly the same amount of time to go from cycle low to cycle top (1064 days). It also took the same time to get from cycle low exactly 364 days; it was that easy, guys. So, this is where we arrive at the first cycle top date: October 2025. 1064 days from the cycle low in November 2022 would give you that date. The next date for a cycle top is August 2025, giving us the cycle top range from August to October 2025. A while back, I published a TA on Bitcoin's volume on a macro scale. I found very interesting patterns and dates looking into the volume. As you can see from this updated picture, every time Bitcoin has a bullish cross on volume, it takes 670 days to top. We just had the bullish cross in October this year, so 670 days from the cross would be August 2025. Whenever Bitcoin breaks the 1/2 Gann, it takes about 924 days till the top. This cycle, we broke the 1/2 Gann in March 2023, so 924 days from March 2023 puts you at September 2025.https://www.tradingview.com/x/Wp7wYyMP/ It takes about 1400 days from cycle top to top; 1400 days from the November 2021 top would be October 2025. This insanely powerful time sequence that predicted major Bitcoin events has failed this year for me for the first time; the next two dates are July 2024 and, you guessed it, September 2025. If you calculate the time when the Gaussian channel turns green to the cycle top and calculate the average, you get 750 days. July 23rd, 2023, we Gaussian turned green; 750 days from that date puts you in the last week of August 2025, basically September 2025. As you can see, the month September 2025 has a very high chance of being the month Bitcoin has its cycle high, and that would put Bitcoin, according to this model, at 175k. ### The 2024 Playbook The most likely scenario is one big flush out next year. The Satoshi roundtable most likely is just going to do the classic 50% pullback into the CME gap, right? Pre-Halving pullback is always deep and ranges from 40-50%! Well, why would they change their playbook? If it works every goddamn time, emotion gets the best of most of the traders and investors like every cycle. This is how I think it's going to play out. Bitcoin rallies to 0.5-0.618 Fib 40-48k till Mid-December to mid-January 2023 at 48k; Bitcoin ETF gets approved, BULLISH NEWS floods the news and internet. www.coindesk.com Analysts at Bloomberg predict that if a spot bitcoin ETF is not approved in this period, there’s still a 90% chance for approval by Jan. 10." It is at this point where Bitcoin (40-48k) will reverse and go down to close the CME GAP at 20k and also creating the macro Bitcoin double bottom. It won't be easy to get Bitcoin down to that level, so "FLOOD BEARISH NEWS" is on the table. War, COVID, bank bankruptcies, new Bitcoin laws, new Bitcoin taxes - choose your weapon! When Bitcoin hits that 20k, that's when you load up! You might think there is no way it's that easy - a 50% pullback to the CME GAP. But tell me if it works every time, why change or stop doing it? The only comment I would like to make out of this CME gap is that it's the only time in history Bitcoin has closed and opened a gap in the same weekend. I could be wrong, but it seems to be so; if you do find another time, share it below. So there you have it; will it play out like this? Who knows. One thing for sure is this rally won't last very long now. Conclusion - Rally to 40-48k: December 2023 - January 2024 - ETF approval: January 2024 - Reversal to 20k CME GAP by Halving (April 2024) - Bull Market starts: September to November 2024 - Cycle Top: September 2025 to October 2025
BNC:BLXLong
by Sporia
3
EUR USD Idea Good morning, traders in the Asia and London sessions! EUR/USD has opened with a bearish tone and is currently showing signs of an upward rally. However, it's worth noting that the price at 1.05649 didn't show significant upward movement during Friday's session, so it raises questions about the current bullish momentum. We're approaching this with caution as it involves unnecessary risk. In the bigger picture, we find ourselves in a range high, which doesn't favor long positions. At this moment, the bias for EUR/USD is bearish, but it's essential to consider the mixed signals present on the weekly and monthly charts. Our approach here is a level-to-level trading plan. We'll carefully evaluate the situation and see if we can capitalize on potential opportunities this week. Remember, patience is key, and sometimes the best trade is the one you don't make. Stay vigilant, fellow traders! Peace out, and let's approach this like seasoned financial Masterminds!
by themarketknight
Chainlink Roadmap ($200?)(Chart above Green Line - November 2024 , Red Line October 2025) There are some amazing things happening right now on the Chainlink chart. It may seem like LINK is still in a boring range, but for me, it's quite the opposite. This move down to $5 was the best that could have happened for LINK. We documented this entire move down to $5, and you can check it out below: The bar pattern you see in front of you on the main chart above is taken from December 2018 to May 2021. Why so specific in December 2018? Well, if we zoom into the Daily timeframe, you can see a clear mirror pattern appearing. This move down to $5 confirmed to me that, in fact, Chainlink has been playing out a very similar fractal since its first and only bear market, starting from November 2022 (FTX crash). This is an incredible find! Just look at it; it's undeniable! The last wave from December 2018 looks pretty much the same as the one we had in June 2023; it even took the same time at the bottom and to pump back up to the range high. The only major difference here is that in December 2018, this final wave set a higher low, but this year we set a lower low: Now, let's talk about Fibonacci time sequences: I forgot about this time count, in October 2022, I marked it as failed because we didn't get a reaction from it anymore, but I stumbled upon it in an old chart save, and wow, it did, in fact, mark the bottom of wave 5 and pivot up. If Chainlink does repeat the last cycle, then this October 2023, Chainlink will have a massive run-up to an all-time high: So, out of the last five Octobers since this chart started in 2017, Chainlink has finished the month positively every time except for the first: Oct 2017 -55% Oct 2019 +49% Oct 2020 +28% Oct 2021 +19% Oct 2022 +2.75% Keep in mind that this chart starts in September 2017, so this October we could see a big move up or the start of it. If Chainlink behaves like the last cycle, it rallies to all-time highs. Remember that Chainlink broke all the high four times before Bitcoin finished its cycle top: If Chainlink breaks the 3.618 Fibonacci level four times again, LINK would go over $1000: I put this outcome as unlikely since it takes a lot more money to move this market cap to those numbers. This TA assumes that Chainlink will follow more of the Bitcoin cycle, as that's what coins that run through the cycle once and significantly increase the market cap tend to do. LINK/BTC This time sequence started everything , put everything in motion for chainlink for me , since then its been right at predicting Chainlink events 100% of the time for years , the next date is April 2024 which happens to be the next Bitcoin halving, things are going to get really crazy around this time expect anything.
COINBASE:LINKUSDLong
by Sporia
30
The Squid Game Shows Why Most People Fail to Profit from Trading"Squid Game, the sensational Netflix series that has taken the world by storm, offers a gripping mirror to human psychology, reflecting the intricate dance of emotions and decisions that we often encounter in the world of finance. Just as unsuspecting individuals are lured into the deadly games by the enigmatic subway stranger, many novice investors are drawn into the stock market by tales of friends striking it rich, often diving in headfirst without a hint of the rules of the game. It's a rollercoaster ride from beginner's luck to the perilous cliffs of attribution bias. Beginner's luck, that elusive phenomenon where newcomers seem to outshine the experts, can be an enticing trap. It leads to overconfidence, a misplaced faith in gut feelings, and an overzealous desire to trade that often ends up costing a small fortune in fees. These overconfident traders become engrossed in their own world, neglecting the wisdom of statistics and putting all their eggs in a single, precarious basket. Attribution bias, another insidious cognitive bias, rears its head as traders concoct explanations for their successes and failures. Profit? They're geniuses with uncanny foresight. Loss? Blame it on market conditions or mere bad luck. The mind constantly seeks excuses for every twist and turn. Even great minds like Isaac Newton, who could unravel the mysteries of the cosmos, fell victim to the madness of financial markets, a glaring example of attribution bias in action. In Squid Game, the players, after witnessing horrifying tragedies during 'Red Light Green Light,' are given a choice to continue playing or not. Overconfidence and attribution bias grip the survivors as they believe they are destined for victory, much like many traders who cling to the belief that improbable outcomes are within their grasp. Mob psychology and the bandwagon effect rear their heads in the story, too. The players form alliances and teams based on earlier factions, mirroring the tendencies of investors to follow the crowd rather than adhere to their own strategies and analyses. Panic buying, selling frenzies, and susceptibility to pump-and-dump schemes ensue. In the financial world, these psychological phenomena can lead us astray, costing us dearly. But unlike the brutal Squid Game, financial markets aren't a zero-sum game. With a solid understanding of market characteristics, rules, and diligent research, you can gain a statistical edge. As a trader, I'd argue that technical knowledge accounts for less than 5% of the equation; it's all about mastering your cognitive biases and maintaining emotional control. So, just as the surviving players in Squid Game strive to outlast their competition, investors and traders should strive to outsmart their own psychological pitfalls. In the end, success in the market isn't about luck but about mastering the intricacies of the human mind in a complex financial world. If you found this insightful, don't forget to like and follow for more quality content! Feel free to share your thoughts and questions below—let's navigate this financial journey together!" This chart is inspired by @Michael_Wang_Official
BNC:BLXEducation
by CRYPTOMOJO_TA
3
INOXWIND breakout SUCCESSFULINOXWIND has given the breakout. as shown on the chart. we can see it has accumalated the quantity for past 3 months. now today has given breakout with nice volume. it will be a good trade with R:R :: 1:3. Reason: descending bullish triangle pattern breakout confirmation. RSI is breaking 60 to upside nice strength in the trend. Support at VWAP Successful breakout after 5 months High Volume is traded today. Price > EMAs Verdict: Highly Bullish Plan of action: Buy: 204-208 Stoploss: 195 Target: 232
NSE:INOXWINDLong
by finnova_
2
Satochi -- IS THERE A HUGE INCREASE COMING ON FTT?Thank you for reading our update. Please keep in mind that this is not trading advice. There is still a 400M market cap + max supply and it's not possible to mint more coins. Will we witness a similar impact on Luna's price, like the one it experienced when it increased to $7 after the huge fall? What could be the reason behind the data showing buy orders at $11 USD on FTT? Typically, it seems unlikely that Luna has a chance of rebounding to $11 after such a significant decline, especially given the current trends in this risky coin, FTT. Data and technical analysis (TA) play a crucial role in trading, sometimes offering insights into patterns. Is there a substantial price increase anticipated in the upcoming days for FTT? We will closely monitor FTT to see if it can achieve a price increase.
Long
by SatochiTrader
SP500 - Consolidation before ATHI think that SP500 wont go much lower than where it is right now (Yellow mark), A consolidation for a month or two is more likely before testing ATH. In worst case scenario we could go down to the purple marked area, that is also where the 50% level sits from ATH to the bottom of 2022. A Break below that level would be devastating for the markets which would mean lower for longer. I see many are calling for a new low of this "bearmarket" which is not my opinion at all, I think we are in a bullmarket since the bottom 2022 and that the recession everyone talks about already happened. I see no reason for us to not break ATH within 6-12 months from here.
SP:SPXLong
by WealthNode
TRU Breakout Re-test and BUY MOVETRU is a performance-based stock. On 28th Aug 23, I posted it's breakout. But unfortunately, it could not be a successful breakout. Now, TRU has retested the Support trendline and is bouncing back. There is a minor resistance at 64 because it has been tested multiple times. This time, it is more likely to break to the upside. Reason : Stock has been consolidating for more than a year. It has formed a triple Bottom. Taking Support at Trendline. Right now, at support Zone. Verdict : Bullishness Expected Plan of action : Buy: 59.60 Stoploss: 54 TARGET: (1st) 82, (2nd) 100
NSE:TRULong
by finnova_
Possible Bottoming pattern forming It is very much possible that Bitcoin is forming a bottom as we speak , we have just had that distribution uptrust after a big move down where everyone thinks its going to reverse and then it comes back into range then everyone panics its going lower. But really what happens is far more boring , we go back into a range for a breakout later when everyone been rekt both ways. This bottom pattern appears in many different time frames , the larger the timeframe the bigger the move. If we do breakdown further , CME gap at 20k is likely to close
COINBASE:BTCUSDLong
by Sporia
5
CULT DAO WAVE 5 LIKELY INcult dao wave 5 is likely in been waiting for the last move down and we got it. If we place the fib time tool at all time high and the bottom we get very interesting dates. First date between 0.5-0.618 is the Bitcoin halving and the second date is October 2025 when the next Bitcoin cycle top should be in , if history repeats. 0-1 Pre halving rally back to 0.618 1-2 Halving dump , this happens before or after halving , around that time basically 2-3 A break of all time high to 1.618 3-4 50% pullback into November 2024 , last pullback before bull market 4-5 last wave , the next crypto Bull market which should top out October 2025 The fact that this time fib sequence has aligned so well with the ones I'm following with Bitcoin is a good sign , if this prediction is correct 7000% in 800days.
Long
by Sporia
4
Bitcoin (Gann Fan Update)Its a very important time for Bitcoin in my opinion , within the next 8-10days we will get a large move above or below the 1/1 Gann , for weeks now we have been holding just under it. Here is a zoomed in view on the daily. As you can see we reach this apex 24th of August 2023 , of course its also possible we trickle sideways above the 1/1 but historically breaking the 1/1 on Bitcoin during this part of the cycle we get some type of action. 2015 If we go back and take a look on how price reacted to the 1/1 we can see a lot of violent swings ranging from 25-40%. 2019 This year was had way more reactions to the 1/1 and almost everytime it resulted in fairly large swings , this time ranging 45-60%. 2023 So for this year we have touched 1/1 once and it was the local high of the year , candle closed right on it. 2/1 Gann and Time The bull market doesn't start until we break and hold support the 2/1 , the last two cycles it has taken about the same time 640days . So if it repeats Bitcoin would be somewhere around 36500 during this period. We also know it takes about 750 days from cycle low to reach previous cycle high. So that would be Bitcoin back at 69k sometime in December 2024. Conclusion If the cycle repeats the Bull market will start sometime August 2024 at 36500 and Bitcoin will reach previous cycle high at 69k December 2024 which would then make a new cycle high October 2025.
BNC:BLX
by Sporia
2