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Lengtheningcycles

A Critical Analysis of the 200D (Aqua) & 600D (Teal) SMAThis post critically analyses how BTC has behaved after a cycle top with respect to the 200D SMA and 600D SMA, comparing similar periods to 2013-15 and 2017-18 (shown using blue boxes) to the current price behaviour (if indeed BTC has made it’s cycle top this bull run already). PRICE CHART The 200D SMA (shown in Aqua or light blue) and 600D SMA (shown in Teal or dark green) is plotted on the chart with my custom Pi Cycle Top & Bottom indicators and BTC halving's included to help differentiate BTC Cycles. Historically Once BTC has made a cycle top and price subsequently dropped below the 200D SMA, BTC tends to use the 200D SMA as resistance until BTC eventually break through it. After dropping below the 200D SMA, BTC has historically found support at the 600D SMA, and price is 'squeezed' or becomes ranged bound between these two moving averages. In both cases when this occurred in 2013-15 and 2017-18 (as shown in the blue boxes on the price chart), BTC broke to the down side, and the cross between these two moving averages have then approximated our next cycle bottom. Interestingly in 2013, BTC did not drop below the 200D after our first Pi Cycle Top indicator flag (actually using the 200D as support in July 2013 initially) which allowed us to continue on to a second cycle Top and new ATH for BTC. In Feb 2018, BTC initially tried to use the 200D as support, but broke through to the downside shortly after and the same outcome prevailed. This was one indication to BTC holders that 2017 may not be a double peak cycle like 2013 was. These similarities to the current price action paints a bearish picture for BTC and crypto markets, calling for the end of the current cycle Bull run and that BTC is heading for its next cycle bottom. Price is currently right now ranged bound between the 200D SMA and the 600D SMA very similar to the blue box regions identified above with our first confirmed rejection of the 200D SMA in March 2022 and many tests of the 600D since Jan 2022. From a TA (technical Analysis) / S/R (Support & Resistance) level prospective; a large dump is very plausible if the 29-30K USD price level is lost. Before a bearish sentiment is locked in from this analysis, let’s look at what is different from now to the prior times we have seen this price behaviour from BTC? Firstly we did break the 200D during this bull run back in May 2021 but was able to quickly recover in August 2021, and dipped and bounced in September and November until again falling below in December 2021. BTC has never achieved this since putting in a cycle top or in a cycle bear market (NOTE: BTC has never done this either in a bull market as price is usually above the 200D SMA in this case). BTC has also been in a trading range between ~60K to ~30K for more than a year during a bull run. This has never happened before with BTC. Sideways price action can make short term signals from moving averages less relevant. The support and resistance zones created through this trading range made hold more significant. A sweep of the 29K lows with volume would act as a spring traders looking at this trading range are waiting for and if this demand zone holds could start the next leg to finish off this bull run for the cycle. MA OSSILATOR The MA Oscillator is another custom indicator I have built in trading view to look at the %difference between price and moving averages (amounts other things). As shown, this indicator is set up to show the %change from price of the 200D SMA (Navy) and 600D SMA (Teal or dark green). The way to view this analysis is what happens to the price of BTC when price reaches a %increase above or %decrease below the moving average or is equal to it. From this analysis, we see each time price has dropped ~100% from both the 200D SMA and the 600D SMA at the same time (i.e. both lines reach the bottom of the green zone), this has Marked BTC’s cycle bottom. Similarly each time we have price extend 57% or greater above both the 600D SMA and 200D SMA (i.e. land in the red zone), this has marked a significant local top and or a cycle top. Comparing the squeeze zones in price, each time including now the 200D line was below 0% and rising before and the Teal line was able the 0% line and falling before resulting in a large dump that takes us to our next cycle bottom. RSI I have included the RSI for Reference as cross analysis of Peak in RSI and other indicators can help identify cycle peaks. SUMMARY Holding ~$29-$30K zone will be significant for bulls believing in lengthening cycles and that our cycle top ATH is still to come. If price does test these levels, then strong volumes and buying pressure will be expected to turn price around quickly. There is a lot of on chain data to support this theory. I would be following central banks and the FED, a delaying in interest rate tightening schedule may be the catalyst for this scenario. If these levels are lost, then it is likely BTC will continue this trend with the 200D SMA and 600D SMA; confirming our prior cycle top is in, the bull run is over, an eventual dump down to the 200W SMA probable and putting in our next cycle bottom.
INDEX:BTCUSD
by Brodie
Bitcoin Cycles and Fib LevelsHi everyone, Thank you for considering reading my idea. Please note that this is just my opinion, and I'm not saying that this is going to happen. These are the data from the chart: -- Cycle 1 -- High: $31.91 Low: $1.99 Fib Retracement Level for the Peak: 32 at $959.43 Actual Peak: $1,242 Margin: 29.45% Duration: 903 days -- Cycle 2 -- High: $1,242 Low: $162 Fib Retracement Level for the Peak: 16 at $17,442 Actual Peak: $19,804.2 Margin: 13.54% Duration: 1470 days -- Cycle 3 -- High: $19,804.25 Low: $3,124.51 Fib Retracement Level for the Peak: Based on the pattern 32 -> 16, let's assume 8 at $136,562.43 Actual Peak: N/A Margin: N/A Duration: Based on the pattern, 65 bars -> 105 bars. let's assume 145 bars on June 19, 2023) OR another pattern, 903 days -> 1470 days, let's assume 2,037 days on July 3, 2023. -- Cycle 4 -- No data yet. It will be adjusted after cycle 3. Also, this pattern is not sustainable if we keep diminishing the fib retracement level for the peak. Personally, I wouldn't use this as my basis. TLDR; Based on the patterns from historical prices, Bitcoin is estimated to peak between June 19, 2023 and July 3, 2023 at $136,562.43 with 13-29% margin ($154,315 - $176,165). Short term, I still expect Bitcoin to touch the 200 week moving average (green line) or you may see related ideas below. Obviously, not financial advice and not 100% going to happen. This is just me playing with numbers and patterns. Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR. Cheers, Juvs
INDEX:BTCUSDLong
by Juvssss
BTC - Heikin Ashi Candles W-TFA good way to look at BTC's intra cycle swings within BTC's Macro Bull / Bear / Re-Accumulation zones is to look at BTC using Heikin Ashi Candles on the Weekly Time Frames (W-TF). This show clearly we have been in a down trend since November 2021. A lot of CT (Crypto Twitter) is bearish long term atm. I have added the 100 Weekly SMA (Orange Line) and the 200 Weekly SMA (Green Line) on the chart as these have been historically support SMAs during BTC bear markets. Personally at this stage I don't believe we are entering into a 'bear market' zone (as measured by BTC's halving's). I have also included the Ichmoku (IM) weekly cloud to show how it looks historically at the top of a BTC cycle (as measured by the halving's) - NOTE: light grey indicates the IM cloud is currently showing support. Eventually this down trend will reside, but whether it will be a trend reversal or a relief rally, historically the change in colour of the weekly Heikin Ashi Candle has indicated a sustain change in trend (not financial advice, use with confluence of other TA and indicators / ideas). If you want to understand better Heikin Ashi Candles and how they can be used, read the following Investopedia article www.investopedia.com
INDEX:BTCUSDLong
by Brodie
BTC Market Cycles - Worst Case PossibilityCYCLE ANALYSIS: Most people in the Crypto Market are very fearful at present. While I am still bullish long-term for BTC at this point that we have not reached our top for this 'Bull Run' segment of the current cycle for BTC (as measured by BTC halving's), I wanted to look at what the most bearish scenario I think is possible / worst case conditions most market participants have seen since the 2017 top with BTC might look like. Lets have a look! On the Chart I have overlaid the COVID dump bar pattern (which surprisingly fits nicely my own personal logarithmic progression bands fits and fits in well with lengthening cycle theory pushing our cycle top out into Q1 2023). While I would be the first to admit this is dubious speculation at its best, this worst case scenario would dip us down to only ~$30K in a COVID like panic….. While I would like to see ~$40K hold for BTC and there is still a possibility in my mind this is achievable on the higher time frames (we might see a capitulation wick or in there even in this scenario); my thoughts if we do not hold this level (which does have key support on cycle and Technical criterial), then we could be targeting ~35K and then ~30K regions as shown in this example (levels also have good support in many models and TA IMO). Ultimately in the short to medium term in cycles speak, we are playing in the sand box for most of 2021 in a crab market trading range between ~$65K to ~$30K. In this most bearish example, I would not be unhappy if BTC managed to reach ~$240K by Q1 2023.
INDEX:BTCUSDLong
by Brodie
Lengthening Cycles?And interesting chart showing a possibility of "lengthening cycles" using Fibonacci. If you look from the first line, a "bottom," we can see the next line is a "top." They then alternate, quite well, between "bottom," then "top." This tells us that the price at the moment, of 33K, is approximately "the bottom" for this cycle. So it is likely we will see mostly sideways action over the next year or so for BTC. The REALLY interesting thing is the NEXT cycle, which tells us that the next "top" will not be for almost 8 years, in the year 2029, and should be around 2.321 Million Dollars per Bitcoin (which I could totally see, especially because BTC seems to like these kind of consecutive, clever figures...).
INDEX:BTCUSDLong
by gjones15