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Bitcoin Potential Bottom and the End of 4 Years CycleHello all, Lets surf the chart! The bottom is not yet in, no one can argue. Though catching the bottom is not a key here because we can not predict the depth of the decline, to identify the low it is necessary to time the best buy for long term hold (for the x gains) and trade for short term. In short, risk and reward potential. Time is an important factor which allows me to be a student of cycles especially the one with Bitcoin. Is it a perfect indicator? Not perfect but good. Knowing that the Bitcoin cycle started in Dec 2018 lows and confirmed in Feb 2019 gives us the idea that Q4 2022 is the end of BTC 4 Years Cycle and could extend to January 2023. In this range we could expect lows and that buying this dip could be a good risk/reward for the long term. As bitcoin price starts a steady grind to its new cycle, I will begin to share my ideas as I walk through it. Hope we learn together from here onwards. Sharing from the chart are scenarios of the different possibilities I am expecting for Bitcoin regardless of the fundamentals and why this level is significant in the upcoming days. For 20 weeks or so, Bitcoin remains above strong support at 18k to 20k, this is the key level from the 2017 cycle top so it is imperative that the demand in this area is high since it is known that Bitcoin can NEVER go below its all time high. However, 18k support is broken and price crashes to sub 15k in one day. The probability of going lower is increasing given bitcoin history of 85% - 90% drawdowns which can send it to 10k to 13k area. PLUS the increasing market sentiment, FTX crash, its contagion in the ecosystem and Bitcoin is dead right at the timing band of 4 years cycle lows. Will it bounce from here? If we look at 2017 top to bottom (black arrows), it took 52 weeks to complete and then followed by 8 weeks of accumulation before the bounce. Note also is the amount of capitulation in all the lows (red arrows) and it is decreasing as time goes by. It is in 53 weeks now and considering the above scenarios, two things to expect. Zooming out the current price action, BTC found support at 15k with daily closing at sub 16k. I expect it to test 18k, a support now turned resistance and if rejected, it will then go back down to 15k and range bound from there. Above $18200, it's a LONG spot. But if 15k is broken then the continuation of the downtrend is likely to be at 13k to 14k where it could find immediate support in the short term. This is it for now. Thank you for reading and will update soon. Appreciate the comments, supporting ideas as well as contradicting ideas.
BITFINEX:BTCUSD
by e_Surfin4Trades
RLinda ! BTCUSD-> Bullish signals. Deception or reality? Bitcoin is up 8.3% from a two-year low. Bullish pattern, head and shoulders, pre-breakdown consolidation. What to expect in the future? Let's find out! At the same time, on the weekly chart the RSI forms a divergence, which may signal a preliminary long-term bullish signal. Stochastic on the monthly chart is at the bottom and crossing lines are forming. Similar situations occurred in 2015 and 2019. Monthly chart, Stochastic is on its bottom, at the same time stochastic moving lines are forming a crossover Price is updating its two-year lows and heading towards 13880 Visualization based on logarithmic data The global support line runs along the lows of the wedges. There are 3 full cycles on the chart, which include: a bearish wedge - a bullish set-up, which the data shows is working great. The last two full cycles form a pullback of about 85%, after which the wedge reaches the bottom, price reverses and exits the wedge up The very first cycle formed a pullback on the logarithmic data of about 82%. It is worth making an assumption. Based on the data of the three extreme cycles: we can assume that the price may fall to the approximate mark of $10000, after which bitcoin may go into a consolidation phase, which will outline the bottom The current drop is inferior in percentage terms to the 2017-2018, 2013-2015, 2010 corrections. December bitcoin futures are now in backwardation, which is fairly atypical of the bitcoin market and indicates strong global selling in the moment. The same situation where the contracts were in backwardation coincides with the futures being at the bottom. This was repeated in March 2020 and May 2021 The key level for a decline: 1) If price tests 17605 resistance and fails to go long, but consolidates below the level, but bitcoin will continue to be pressured down 2) Also 15585 is a global low. A retest of this support level will trigger a further drop towards 10000 Key level for growth: 1) Lower boundary of the previous range (in this case, resistance) 17605 If the price breaks through this level from below and the bulls manage to consolidate their positions, the price can go towards 25,000 On the hourly chart the price forms a reversal pattern Head and shoulders. The zone 16400, which plays the dividing zone, is broken from the bottom up. The price continues to rise and forms a pattern, which signals a possible continuation of the movement - a symmetrical triangle. If the triangle resistance is broken up, I expect a rise: 1) The first target - resistance 17065 2) The second target - resistance 17469 . 3) Third target - liquidity zone 18150 Breakdown of the triangle's lower boundary will take the price towards 16000 Regards to R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
93
FIL rises in value to $4.38.Today's bullish Filecoin price analysis $4.40 offers the greatest resistance. FIL/USD support is indicated at $4.18. According to Filecoin price research, the price of FIL/USD has been moving strongly upward during the past 24 hours. The cost has continued to rise dramatically and has come close to reaching the $4.18 level. The cryptocurrency appears to be moving upwards, but the market is moving in a favorable way. With a trading volume of $95,408,859, the price of FIL has increased by 3.63% during the past 24 hours as of today, November 29, 2022. Hence, having a live market capital of $1,433,268,246 and is ranked #31 in the cryptocurrency ranking. Analysis of the 4-hour price of Filecoin: Recent developments
BITTREX:FILUSDLong
by IPatrice
1
₿itcoin / Welcome back 🤝 / CommerciumHispanus🌎 "Soros taught me that you have to visualize the situation in months, and whatever it is, the price will be there, don't focus on where it is today." -Stanley Druckenmiller. MACRO CONDITIONS • China: Stimulus, +production, reduces anticovid measures. • FED goes up, but the pace goes down: Goldman Sachs forecasts 50bp in December, and 25bp in Feb/Mar/May. • The bet: JP Morgan: “3 more increases and pause at 5%”. • Bullard from the FED: “5% / 5.25%”. • European Central Bank: “The risks to the financial stability of the Eurozone increase as the economy heads towards a probable recession, so any reduction in ECB bond holdings will probably be gradual in order to maintain calm in the markets". • An agreement: The director of the International Monetary Fund, Kristalina Georgieva, asks the central banks to calibrate the rhythm of their interest rate increases to avoid indirect effects in other countries. CYCLE OF THE CRIPTOMARKET • Average: 200 periods (Market consensus) very far from price. • Elliot: suggests development or end of wave 5. • Oscillators: Multiple Regular and Hidden Bullish Divergences. • Wyckoff: current market condition suggests SC / SP (See scheme+Coinbase/Bitfinex Volume). • Dominance: BTC .D is still low, but usually rises in times of depression, you should not focus on overpriced coins vs. Bitcoin. • This will be an era where education on the preservation of private keys and full control of coins will be promoted (Consequence of FTX/3AC/CELSIUS cases) The capital feels very comfortable today, according to macro conditions, the crypto market and its cycle, I expect relief for Q2/Q3 2023. - To enter the market you must have: Strategy market vision Domain of emotions capital management quality tools 👍If this publication has been useful for you, remember to LIKE it and share it 👉🏻Follow me on tradingview, activate notifications in your browser and keep an eye on your email where you will receive my regular updates. 👏🏻If you want to support my work you can make a donation on this same platform. Thanks for your support! Greetings to all and good luck! Ignacio - 🌎 Commercium Hispanus ***Cryptocurrency trading is subject to high market risk. Carry out your operations with caution. I always do my best to choose high quality coins, but I will not be responsible for your trading losses.***
Long
by UnknownUnicorn6489805
3
BAL/USDT 1D. Balancer. Interesant moneten.Baal was a title and honorific meaning "owner", "lord" in the Northwest Semitic languages spoken in the Levant during antiquity. From its use among people, it came to be applied to gods. Definition from Wiki. Interesting coin, named after a god. Pay attention to the volume coming in(shown on the chart). In the secondary trend the downtrend has formed(red line on chart). The price is currently under the support(yellow line). Now it acts as resistance. Locally some form of triangle forming(the price is tightening). As the classic for the alts the target may be aroung 180%. Also pay attention to the current zone - it's 666 zone(6.66). Taking in consideration the big volume spikes(and price spikes) we can see a good move forward.
by Ivan3tt
3
CHAINLINK IS SHOCKING!!!The current ChainLink price analysis is optimistic. At $7.5 there is the most opposition. The price of $6.6 has the most robust support. The market is moving upward and gaining pace as of November 27, 2022, according to ChainLink pricing research, which is encouraging for the LINK market. Over the previous few hours, ChainLink's price has stayed bearish. The cost rose from $7 to $7.4 on November 26, 2022. However, the market quickly gained more worth and expanded in value. In addition, ChainLink rose and trades at $7.1, just shy of $7.5. ChainLink is currently trading for $7.1 with a $349,849,723 trading volume. In the past 24 hours, Chainlink has increased by 3.53%. Currently ranked #21 with a live market cap of $3,609,813,927, ChainLink is a company.
COINBASE:LINKUSDLong
by DEinvestment
3
2 Simple modules to pass FTMO ChallengeThese are the two types of entry modules that can be used across any market to take low risk high rewards trade. Pay close attention to annotations made. First High / Low acts as a trap for early sellers or buyers as this point is used to create liquidity for the market makers. Market makers sweeps this liquidity and mitigates extreme POI like orderblocks etc. and thus finally the banks load their short orders/long orders to break the structure. TRUE STRUCTURE MAPPING AVAILABLE ON OUR YT CHANNEL. DO WATCH THAT VIDEO TO KNOW HOW REALLY MARKET STRUCTURE IS REALLY MAPPED AND DON'T FORGET TO LIKE AND SUBSCRIBE TO OUR CHANNEL Happy Trading -Team Lamda
Education
by lamdatrading
1
Key to unlock the true market structure!!!Have you been struggling with marking market structure? You may have come across many Youtubers who aim to teach the market structure, but in a very wrong manner either by taking fibonacci tool or by discretion. This Video can be an eye opener for you all who are struggling in marking valid market structure. Market structure is the backbone for every other SMC concepts. Without market structure there will be no orderblocks, breakers etc. Even if you are a beginner in market structure, that is much better since you won't be acquiring the wrong knowledge in the 1st hand. So are you ready to uncover the real mechanical market structure? Video will be uploaded on YT at 6:30AM GMT on 25th November 2022 Subscribe our YT channel to never miss any content from Lamda Trading. Happy Trading!!! -Team Lamda
Education
by lamdatrading
1