The Wonderful Patterns of BitcoinBitcoin is oversold and sellers are EXHAUSTED.
Bitcoin is showing a swing high, swing low pattern that is similar to beginning of 2021 and mid-2021.
This makes it so hard to be bearish...
Bitcoin's technical indicators, on-chain analytics, historical data, and short-term fundamental outlook is becoming increasingly bullish by the day.
WHAT HAS HAPPENED OVER THE PAST YEAR?
- Bitcoin rallied ( swung high ) to $40K Q121
- When that happened, the market was in intense euphoria and extreme greed
- Then, it fell to $30K (causing fear)...
...Shortly thereafter, Bitcoin soared to new ATHs- $64K!
- More recently, Bitcoin rallied ( swung high ) to ~$52K in Q3 of 2021
- Once more, causing extreme greed at the high of the swing
- Now, it has fallen to $40K (causing fear)
- Bitcoin has retraced to $40K ( prices not seen since last year! ) and market sentiment is overall bearish and there is extreme fear and panic
So, will history repeat itself? Will Bitcoin soar to new ATHs?
The pattern we are looking at it is very similar... IMO, We could see Bitcoin grind down to $40K, and then rally to T-1 ($58K) and swing low again to $40-44K region before rallying to new ATHs ($90K price target). T-2 ($69K) would reclaim prior ATHs and if it flips to support, Bitcoin will rocket towards $100K.
If it does that...
- The BROADER MARKET SUPPORT is a key TL that will need to hold if bulls want to see new ATHs
- Falling below The Broader Market Support will break the bullish market structure and cause a bear market
- RSI signaled bearish divergence in the beginning of 2021 and Q421... something to watch*
- RSI was choppy during the slow grind down to ~$30K in summer
- MACD will show a bearish cross into a final rally and then it will be met with resistance at ATHs and sell off into the bear market
*if RSI forms bearish divergence, it would be smart to start to unload profits...
Bitcoin is going to shock the world by recovering to an unprecedented rally to new ATHs. The patient will be rewarded. HODL!
Good Luck,
- Mr. Bitcoin Baron
Markets
BTCUSD D1 - Long EntryBTCUSD D1
As mentioned before (see reply post). We expected a bounce from this support price here, our $40k mark. Pushing 7.5% from this rally so far, with a possible 15% corrections in total before the next possible downside wave.
$40k zone still valid and holding effect, great to see, gives us confidence going forward.
Bearish DIv on the DJIThe market is extremely overheated, overbought, and is reaching a peak.
US equities have been going up since March '20 and some traders are worried about a looming depression. The concern is valid. The government keeps printing money, spending money, raising the debt ceiling, COVID is STILL spreading, CDC changing guidance, tapering, interest rates, etc! YA-da-ya-da. IT feels like there are so many moving parts - how do you make sense of them?
You just look at the charts and cut out the noise!
After further review, the stock market is going to crash, it is just a matter of when and why. I believe the catalyst will be a news event that causes a massive sell-off, then, a dead cat bounce, followed by risk off event that sends US equities in a multiyear depression. Looking at the yearly chart of the $DJI from 1987-2021. There is massive bearish divergence there. There is even bearish divergence from '87-'21 on the RSI!
EVERYTHING is overbought. COVID accelerated the transition to digitization and increased people's dependence on the internet. People are saving way more now too which is why the velocity of money has decreased... people are buying assets, houses, gold, and bitcoin. People are waking up and realizing that the US government has been debasing our currency since 1970. And they will continue to do so! People want to own assets, people want to save, people want to be protected from inflation. Robinhood helped democratize trading and access to the stock market and retail has played an increasingly important role in the market.
I believe the market is set to crash next summer and that there will be a multiyear depression. Hyperinflation or stagflation seem to be the most likely scenarios as well. Runaway inflation will be the story. Biden's administration will be the scapegoat. Because let's be honest, every president is only concerned about one thing: getting RE-ELECTED. They don't care how much money they have to print, how much money they have to raise or how much debt they have to finance. Every politician, from Reagan, to Bush, to Obama to Biden, has continued to destroy the US currency. It will be no different with next president we "elect". In other words, Biden's administration is scapegoat for all of Washington and every state actor who has a role in fiscal and monetary policy.
The market is overvalued, propped up by fear and a QE, and is facing a whirlwind of negatives to start 2022. The companies that survive this multiyear depression, will come out twice as strong.
HODL. Buy Bitcoin.
Best of Luck,
LAST BLOWOFF the coming END of buying power Since 1982 the FED has been on full throttle with the M2 money supply . Based on Debt based system anything though of being an Asset has been inflated to which I see a major turn in our Society in this year T he year of the last bubble . I look for a major CRASH into a panic into oct 2022 basis . I do not see anything that can stop what is coming . U.S debt to GDP 127 % and As of Jan 1 2020 everyones tax due is about to soar ! based on gross income . Time to prepare is at an end
"Irrational Exuberance"I was extremely wrong about the US markets since S&P was trading around 3200 I thought the market is trading at the TOP, any how I believe the market is trading at the top now and if there is room to still go up I doubt it would pass the line around 4900
what would follow is a CRASH the longest and fastest crash in human history I could be wrong again
Shib Inu Review meme coin no fluffShib Inu Review meme coin no fluff. I cant say whether or not Shib Inu will reach $1 as it has its own issues to sort out. Is it possible yes is it probable thats where I take issue. I typically advise against buying too much Shib at one time because of its status so at the end of the video I would like to invite you to the Hive platform if you haven't heard of it im elated to introduce you to the platform contact me it you would like my invite code.
🦉Our Strategy is Changing (Crypto vs FX vs Small Caps)Changing Market conditions:
'There is no such thing as the goose that lays the golden eggs forever'...
market conditions do change but the beauty of it is that we have access to many markets. At the end of the day is a matter of choosing what to invest and trade in.
This Last year was mostly crypto. Yes we did cover some energy commodities (oil to 100) , food (we even covered Corn when it was hot).
Yes we did cover Nasdaq to 16300 , our Lithium ETF choice was a GREAT SUCCESS for us
Again, it was mostly crypto and it will remain partially crypto but ADA is not 20 cents anymore , Enjin is not 30cents , Avalanche is not 20$, Coti is no longer unknown..
You got the point: Top 100 crypto is already 'expensive'. So we start doing this from now:
- increasing focus on FX
- awaiting opportunities to go short on indices (it''s coming)
- increase our Bitcoin spot on every dip
- SOURCE FOR SMALLER CAP TOKENS!!! Get them early
Hope you agree..that's just us.
ps. this is the GOLD MEGA CHART. It shows resistance ahead and after that is time to increase our stakes again. and yes, Gold is second to Bitcoin in our opinion.
One Love,
the FXPROFESSOR
$SRAX: Still A Chance For Growth Stocks?$SRAX is a unique company with technology that aims to bring transparency to markets, the Russell 2000 has been strong lately but will it be sustained in a potential rising rate environment? Or can SRAX over come it all as it aims to turn a profit? Time will tell
BTC $MARKET CAP +20%. BTC, 73000? 🔫What we have at the moment
Either we go up and our capital will become 1.5 trillion.
Bitcoin is the number one means of payment, the most status brand. The number of coins is limited. Everything can be regarded in bitcoin. In my opinion, the price is below 2 trillion of total capital (if you rely on coinmarketcap) this is a sale.
Position: long. lol
Expectation: +20% WITHOUT DRAWDOWNS
we need tether printer and we go . transfer of money from fiat to cryptocurrency is just beginning obvious short-term calculations.
This is not finance advice
The Prospect of Bitcoin Spot ETFs in the U.S.As bitcoin retreats from its new all-time high, "All About Bitcoin" host Christine Lee takes a look at the major events impacting bitcoin and bitcoin markets this week. Joining the discussions are CoinDesk Tech Managing Editor Christie Harkin, and Markets Managing Editor Brad Keoun.
$SPY Strong support, but strong resistance too... Hello Traders,
I hope you had a great day. Today we saw an interesting sentiment shift as soon as AAPL started falling off; with news of an iPhone supply shortage guidance adjustment, the supply chain and and inflation worries took over.
The interesting thing about inflation is that it's partially psychological. When we see rising prices or missing things on the shelf, we think the worst, and it's almost self fulfilling with our collective reaction; causing risk-off, bond buying, and a ripple across the markets. Do I think supply bottlenecks from the pandemic matter? Of course. Do I also think just about everyone who wants an iPhone will wait to get their iPhone... Also yes. Just like some demand was pulled forward from the pandemic, other demand will be pushed backward.
So, where are we going next?
Well, that's a tricky question, the pulse of the markets have been a little tough to pinpoint. I've boxed on the attached chart, where I think we churn in the short term. It appears that we are literally sitting right around the Strongest Support and the Strongest Resistance on this chart (notice the POC for several periods). Therefore, we will likely need to either churn it out till it weakens S/R and we breakout... Or we see a strong catalyst in one or the other direction...
I do see some signs of the bull's returning, but we shall see.
Please leave some feedback and hit the like/follow.
Cheers,
Mike
TOTAL updateUpdate on TOTAL after following our channel over the last couple of weeks and coming to our fib resistance point. I feel we will reject or just barely come above that fib before a retrace back to allow our 200 moving average to remain sideways and up.
As always these are only ideas and not guarantees. Please only use this as opinion and do not base your trades or finances upon this analysis. Simply looking at trends and where we may be at in terms of corrections.
Good luck
PLUG: dna of Speculation to Adoption Applies across MARKETSa look into an idea that was a dream note til ESG buzz fever hitts the market with Prince Harry and Merkel as Poster folks to the industry this October
some issues stocks metals crypto fal into this situation...
trick is to spot it before the dump or pump
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kinda like Vaporware to actual hardware or sofware with use case \==
Takeaway: Volume and key levels along major price points hold the key to going long or short
sp to a new LH??sp bounced twice on a monthly resistance(black dashed), now sitting between 2 weekly resistances(pink), i think it will at least retest the upper one, from there could bounce back, in that case it would be a new lower high or head to the next one above, where it will find a strong resistance area too. The move has been done with good volume, but any how the volume in the second half of September has been quite above average so doest have to be considered so hi.
short term trade 1/2 days, let's see what sunday night(cet) tells us
GRT predictionGRT price prediction. In my personal opinion one of the strongest charts in cryptoland. After a full 80% retrace and steady support at the .65-75 range I expect a lot of upside to come in the month ahead for GRT /USD. As moving averages curl and the 365day simple begins to form on a daily time frame prices will begin to push upwards. It has been slow and steady as of late as it's only about a year old. Age and moving averages work well together
Only a price prediction. Nothing to base your trades or finances upon, only ideas for the long term