BTC analysis IS BULLISHToday's bitcoin price analysis is positive.
To $16,500, BTC/USD reversed course.
Over the previous hours, there was less selling pressure.
Today's bitcoin price analysis is positive as a result of the higher low that was recorded around $16,500 after a 24-hour retrace. BTC/USD has likely made a new bottom and is now poised to rise much further over the weekend. Another significantly lower high for the price of bitcoin was achieved at $21,500 last weekend, and this week it quickly reversed. BTC/USD began to fall sharply after previous support at $20,000 was breached, quickly reaching $18,000.
Following that, there was no recovery, which led to a fast wave lower on Wednesday. This time, a challenge of the $16,000 support led to a considerably greater reaction upward to the $18,000 level.
Over the previous 24 hours, the market experienced negative trading. Bitcoin, the market leader, fell by 4.18 percent, and Ethereum by 2.34 percent. Most of the top altcoins fell even further in the interim.
Bitcoin price movement in the previous day: Bitcoin tested the downside again. BTC/USD traded in a range of $16,543.48 to $18,054.31, showing high volatility in the previous day. While the total market capitalization fluctuated around $322.63 billion, representing a dominance of 37.92 percent, trading volume fell by 38.55 percent to $60.3 billion.
BTC looks to set a higher low on the 4-hour chart of USD/BTC
On the 4-hour chart, we can see evidence of support at the $16,500 level, suggesting that a higher low is probably going to be formed.
TIME
and another thingbeen watching this bullish cyphershark build for a while now...not to give the harmonic haterz any fuel but obviously they're not precise like your oscillators so variance in drawing (start dates and prices) can have a huge effect
but the idea is there
and if you consider a starting point of the covid crash, we're still in valid price zone and time zone (assuming time symmetry, which i'm not entirely sure is a thing?) - end of november would be complete
but price could still go way lower and it would still be valid, so NFA
really thought about it again bc we've formed a bullish butterfly recently...always nice to see nested matryoshka harmonics...and we're at my 2.72 pitchfan line
stay safe out there
GBPUSD - Idea Sideways action... London playing games
Overall im Bearish.. still believe the 1.11585 level will be attacked.
Right now im looking at 1.12280 for bullish action, if they break it - longs will be ideal up until possibly 1.13135
We break 1.12015 the bears will control this day
Update shortly..
GBPUSD - Trade ideanot so lucky with this pair during last week - managed to capture some pips to the upside.
Today the bears look like they in charge - expecting lower prices to get filled possibly right down to 1.11585
Bearish retracement happened at - 1.3285 and 1.12855
Bulls may fight now at NY open due to some impact news - possible retracement to 1.12855 before the drop
How to define the end of a correction based on time - EWHi EW Fans,
made you a CheatSheet how to define the end of a correction based on time. If you are sure about the start of a wave/impulse you can very easy define a possible time "vector" for the end of the correction.
Start of the impulse = Zero
Top of the impulse = 0.382
End of the correction at the common Fib numbers: 0.681/0.65; 0.89; 1; 1.272; 1.618 and so on.
If you combine it with a Fibonacci Retracement Tool (LogScale) you are able to define a price and time "vector" for a possible reversal or for the next impulse/wave.
Greetings
JST Zigzag Ending Now, Target $1-20 (Neowave/Elliottwave)JST looks like it has formed into a perfect Neowave Zigzag. Wave-b is a perfect irregular flat, wave-c is shorter in price and more complex than wave-a, and equal to exactly 50% of a+b in time. The Large Wave-B is related to 161.8% of wave-A in time. In the shorter term wave-5 of c is related to 50% of 3+4. All time targets are being hit here at the same time this week and momentum on virtually all time frames is bullish so I think we'll see something pretty big happening very soon.
Just going back to ATH would be a 1000% gain for JST, but if this is the beginning of a larger bull run as most other charts suggest then we could see prices at a minimum over $1 and probably as high as $20 over the next year.
HOW HIGH WILL DOGE COIN REACH IN 2030? - DOGE Price PredictionThe DOGE is inferior to the inflation rate of the USD and has a limitless supply, albeit the inflation momentum does diminish over time due to a set distribution pace.
Although the circulating supply is fully unlocked, the total amount of DOGE is already high.
Dogecoin's one-minute block time is inferior to those of other payment processors like VISA.
In addition to the aforementioned, the whole cryptocurrency market is now struggling. As Bitcoin prices fell below their psychological level of $20,000, the sentiment in the cryptocurrency market appears to be gloomy. Because of this, the cost of Dogecoin is probably going to remain stable between $0.055 and $0.075 through the end of 2022.
Cryptocurrencies are anticipated to be widely used by 2030. Given that the internet is practically ubiquitous worldwide access to a person's preferred token is simple on earth. A meme token created to be a humorous representation on the internet is called Dogecoin. Today, most people choose to spend their time having fun online. Dogecoin can be used to tip content producers all over the world.
Dogecoin might experience a significant price growth from today, hitting prices between $2 and $4 and a market worth between $266 billion and $533 billion by 2030, if this scenario comes true.
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Bullish and Bearish Gold WeeklyMultiple time touching at 1680 and bouncing back to 1800 and above range. In this correction it may take below 1680 look like which will take us to 1500 and below. As DXY is very Bullish.
Trend Analysis Fibonacci Multiple Time Frame Analysis XAUUSD Gold goldanalysis fibonaccianalysis Fibonacci Confluence
#replay 69 - Period AnalysisLet's have the time analysis on the fall from 2021 Nov 10.
I set the swing high/low of minor uptrend/downtrend as endpoints of each period. However, it's not pretty relevant of each dumping/rising. But we can see that more time for pumping comes with more time for dumping.
We still have some analysis in this post. Post later.
BITCOIN - Possible 24hr high coming up??COINBASE:BTCUSD is coming into a CIT window shortly that might see a high for the next day.
Anything above 24k after 21:30 would mean its wrong and we will head higher.
This is where I match AI with patterns. It has a 30min window to turn, if not then failed pattern and AI.
We had a nice 3 Drive ABCD pattern on the 20th.
Keep an eye on it.
Enjoy the day. 👍👍
#analysis 54 - Time EstimationAlright, it's so closed to my estimation from last one. Now let's see if it'd go downward to the bottom.
Not sure if it'll break the lows below, but according to past two cycles few months ago, it's possible. So watch out if you got long position when it do structure break here.
Evotrade: Visa upside for a minimum of 4 till maximum of 7 daysThe chart shows in yellow index cycles by linking swings of minimum .
W= weekly cycles (7-11 days)
2W= bi weekly cycles (12 to 21 days)
12W= three month cyclce (45 to 86 days)
every major cycles is made of minor ones e.g. 2W= W+W, 4W= 2W+2W/ 2W+W/W+W+W
The chart also shows in white inverted cycles by linking swings of maximum (Same rules are applied as for the index ones).
Knowing the combination of the two, when a critical swing (maximum/minimum) is broken within a certain time, it is possible to calculate the remaining time in which a long/short position can be hold.
In this case given that the higher price of the critial swing Wi at 208,12$ was broken yesterday after only 3 days, the remaining time as for the title will be used to increasingly push the price up.
There is time to open long position from minimum of 20th of july till a maximum of 26 of july.
WARNING
The position hold till 20th of july is the minimum time till the cycle will be completed. From the 20th till 26th despite the inverted cycle has time to further push the price up, an inverted weekly cycle can begin as well, pushing the price further down. As a consquence holding a long position after the 07/20 can be risky.
#analysis 43 - Counting the TimeSo I just had the time measurement according to the past two swings. All the following time is by UTC.
Firstly, it might reach the top, which is 23k, at around 7/20 16:00 - 7/21 4:00. And then it goes sharply, it might reach a low, which may be just like 17.6k - 19k, at around 7/25 8:00 - 7/25 12:00.
Elliott Wave Time Target Says Bubble Begins Inflating In JulyBased off of the very long-term Neely-Elliott Wave count, Wave-F needs a few more months of sideways action before we start breaking up away from the green trendline. The time target is saying wave-F should end sometime around July, and we will begin a violent wave-G up. This G-wave will bring several cryptos to multi-trillion dollar market caps. At which point, we will see the 12 year Bitcoin bubble ending, and we could see a very long-term (10 year+) correction beginning after that point.
It's likely that we've already hit the lowest price, but there is a small chance we could go lower before July. Most likely price will slowly drift sideways and up until around July, at which point it will finally break away from the trendline and begin a violent advance similar to what we saw in 2013 and 2017. Most top cryptocurrencies should follow a similar pattern and see violent advances beginning in July.
For now I am remaining neutral/bullish until July, at which point I will take a more aggressive bullish position if my analysis continues to hold water.
More analysis is posted regularly in my personal TV Chatroom: www.tradingview.com