Discovering the hidden path of Bitcoin. Seems like some reversal patterns are hidden like times before.
It's quite interesting that everything says that we are still in the path to the top of the glow and many trendlines have been acting as support /resistance for months and it's pretty fun watch how it flows pretty accurate kinda "gan-ish"
I can explain more about my vision here in the comments below if you have some doubts ore ideas to share.
For me was crown/h&s when we got the top of this cycle so that's why I expected break the neckline and back. My idea was reach 19k but seems like we got some moves like the bottom of the bullrun, so the price action could craft a diamond reversal pattern, or some other patterns that I mention in the chart.
TIME
Statistically ,this drop is an amazing BUY Hi crypto traders,
Thought process:
I calculated the time between the top and drop each time the price fell more than 15% during the previous cycle. The average time was 30 days. Similarly, I did the same but from the top to new ATH with average time of almost 100 days.
Conclusions:
1. It is important to note that when the BTC price drops, it is only aprox. 1/3 of pain. We still have 2/3 of the pain on the way up with fear and uncertainty and people calling for lower prices.
2. Statistically speaking, we have already bottomed 20 days ago. Now we haver until mid-end of July to go through fearful times caused by mainstream media and youtube “influencers” (between us, they don’t provide better odds of success in trading than a flip of coin).
EUR/NZD Fibonacci Span long termIn my opinion we are still in an uptrend in the market, the last span placement has a clear high low. It is trending bearish on lower time frame. You can clearly see how the market reacts to previous fib span lines. Simply go to the smaller time frames to check for break of resistance & retests to find which line has more bearing. Then, you can return to the weekly & come up with your own projections. I save the charts in this format, then make copies when I go the lower time frames for mark ups & the typical 5 - 15 minute trades I usually make.
GBP/CAD Fibonacci Span Tool - Speculation The first three are set to the best of my knowledge of how you use the tool. The last one is speculative because the high in the market is only assumed at this point, in my analysis. It appears the previous lower ranging area broke to the upside. If there is only one previous example & it eventually broke to the north, the probability in the current consolidation is that it will do the same.
BTC Wekendtheory Guessing fun !Hello trader,
Good mood and profitable deals 💲
I noticed that the big guys skipped the last 2 weekends to scare off the retail trade and then go back upstairs on Monday. Maybe this time it will play out right away.
For my followers möchte ich heute ein quiz starten.Gehen wir diese woche bis zum schluss der nächsten wochenkertze rauf oder runter📊,und bei welchen preis wird die nächste weekly kerzte schließen❓
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Next bullrunPullback weekly after making all time high currently uptrending and weekly price rebound EMA30
Small Timeframe - Fractal Wyckoff - BTCI've noticed several small timeframe Wyckoff distribution schematics unfold during this downtrend for Bitcoin., basically after every major impulse down.
Wyckoff schematics, like most things in charting markets, tend to have a fractal nature. See attached article for reference. So it is no wonder when you have a large timeframe Wyckoff schematic playout, you will see similar schematics playout on smaller timeframes.
This schematic is still premature, imo, and will have to monitor volume. Will it play out?
Confluence factors:
1. FIB time lines up very nicely with the impulse moves and corrections thus far.
2. FIB speed fan has the current local trend bending into a equal triangle along the top for resistance (golden pocket 0.618 / 0.66)
3. Possible UT at the 8 FIB time where it meets the FIB fan at 0.5.
4. Possible UTAD at 0.786 resistance of the Trend-based Fib extension. This was a major support flipped into resistance level previously, and caught a major wick almost to the dollar just about 2 weeks ago around 45500.
5. The 1.618 Fib extension is also acting as support at the base of the triangle (around $31K).
6. First target based on a simple 1:1 from the height of the triangle gives us about 19873, and is right around the 2.272 Fib on the same extension.
EURUSD: time to short for some 200 pipsPrice already started rejecting at two important Gann 0.5 levels + 99 bars level from previous pivots points (triple timing confluence); indicating that it's time to create a swing and change direction.
I am targeting a price decline to reach the next visible equal lows of liquidity (around 200 pips).
Why The Rich Get Richer. It Is Your CHOICE
What is the difference between the rich vs poor mindset? How do the successful differ from the rest of us?
So many people do not obtain financial freedom because they do not have one thing: the right mindset . Everything starts with how you think about money, wealth, and success. It is not a matter of luck, birth, or connections.
The biggest differences between rich and poor people can be traced back to mindset, outlook, and behavior. The rich and the poor don’t only differ in how much they have in their pocket, but also in how they think. Rich people have a way of thinking that is different from poor and middle-class people.
They think differently about money, wealth, themselves, other people, and life . By doing so, you will have some alternative beliefs in your mind from which to choose. In this way, you can catch yourself thinking as poor people do and quickly switch over to how rich people think.
A positive attitude , focusing on doing the right thing overlooking good, becoming a continual learner and careful risk management are all differences between the rich and poor. This reduces their odds of becoming poor after disaster strikes, and it helps them achieve their financial goals over the long-term.
A rich mindset will tell you to be self-sufficient & build multiple streams of income. It will tell you to build a team of smarter people than you to leverage the efforts of talented people. The mindset of the rich is the most decisive reason why “the rich keep getting richer, while the poor get poorer.” Bill Gates has been quoted as saying, “If we weren't still hiring great people and pushing ahead at full speed, it would be easy to fall behind and become some mediocre company.”
So, which mindset do you have?
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Why The Rich Get Richer. It Is Your CHOICE
What is the difference between the rich vs poor mindset? How do the successful differ from the rest of us?
So many people do not obtain financial freedom because they do not have one thing: the right mindset. Everything starts with how you think about money, wealth, and success. It is not a matter of luck, birth, or connections.
The biggest differences between rich and poor people can be traced back to mindset, outlook, and behavior. The rich and the poor don’t only differ in how much they have in their pocket, but also in how they think. Rich people have a way of thinking that is different from poor and middle-class people.
They think differently about money, wealth, themselves, other people, and life . By doing so, you will have some alternative beliefs in your mind from which to choose. In this way, you can catch yourself thinking as poor people do and quickly switch over to how rich people think.
A positive attitude, focusing on doing the right thing overlooking good, becoming a continual learner and careful risk management are all differences between the rich and poor. This reduces their odds of becoming poor after disaster strikes, and it helps them achieve their financial goals over the long-term.
A rich mindset will tell you to be self-sufficient & build multiple streams of income . It will tell you to build a team of smarter people than you to leverage the efforts of talented people. The mindset of the rich is the most decisive reason why “the rich keep getting richer, while the poor get poorer.” Bill Gates has been quoted as saying, “If we weren't still hiring great people and pushing ahead at full speed, it would be easy to fall behind and become some mediocre company.”
So, which mindset do you have?
❗️Please, support this idea with like and comment!
Thank will help a lot!
Also, subscribe to my social networks,
the link is below!❗️
Expected Correction to 37000 SoonI already correctly predicted the downturn of last week (see linked ideas) but it didn't go through all the way I expected. Basically, we are at a Fibonacci crossroads. Either the trend would end this month or would go further for a few more. Either way, a correction is happening this month. There are many signs of ailing enthusiasm and the market is tending towards the slower pace of pre-COVID19 trends. Yet, there are no signs of an imminent abrupt crash. Hence, I am going with a significant correction (upper trend line) short of a crash (lower trend). The price target is 37000.
Three Bearish Scenarios for BTC's Near FutureThe volumes levels are decreasing drastically each month (not only on Coinbase) and for the price to go back up consistently, one of the following reactions should take place:
A massive and quick sell-off the brings the price to a level perceived as undervalued but not too low which triggers a spring upwards resurrecting the bull (40K seems to be a reasonable level for springing and avoiding a longer bear).
The price keeps decreasing gradually with volume until both flattens for a while on what would be perceived as the fair value. The flatness should eventually, but rather slowly, ignite a new bull provided the fundamental events are favorable.
The factors that are controlling the BTC's price dynamics right now are the following:
Tight coupling with the market (see kinked idea below).
Rising speculation on ETH and the alt coins.
Decline in retail investing, which originally started the current bull (there's an article in FT about it today)/
The sell-off marks indicate the price ranges with low volumes that, if hit, would trigger buyers at the lower support levels to cash in.
In order to estimate the path for the near future, one must try to estimate the fair price. Mathematical indicators seem to point around 20K based on historical volume analysis as well as averaging. To reach this level quickly, that would pertain a market crash and would damage BTC's reputation as a storage of value. To reach it slowly, that would the longest time of slow decay until the next bull, as indicated by the red path. Another "fair" value could be 35K where lots of volumes were already done. If we fall from the current Fibonacci level, a sell-off around 45K would push us down quickly 35K where we would spend long time in that range (yet less than what we would spend in the 25K range) until the next bull. This sounds more plausible to me.
The Fibonacci time zones can give an idea about when to expect the next bull in case this one is already over, which I believe is the case. Generally, the lower the price gets, the longer it would take to rise again, but any bear wouldn't be shorter than a year.
HTBX Fib Time ExtensionsNear July is what the Fib Time is projecting for a change in price movement/direction. Until then, one can see the 5 price range is becoming retested. If the price can stay above 5 support, and reach the Fib time extension, one could see a nice upward change in trend.
bnb. Look at my last analysis of BNB a few days agoTime analysis is the key to success ...
Look at my analysis of BNB a few days ago...
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Be profitable.
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LTC: The Calm before the StormLTC is now trading around a very critical level. Thus, a Long position can be easily spotted for several reasons:
1. Fibonacci Retracement: Price is around 61.8% which is a very important level acting like a support here.
2. Formation of Pattern: A double bottom could be formed in the next few hours and it is clear that if the price rejects the 61.8% it means that a DD has formed on the hourly timeframes.
3. Cryptocurrency Influence: Cryptocurrencies and especially BTC and ETH are far from the selling idea, adding more confirmation into traders minds that cryptos are never to be sold.
Will it bounce back as the speculations are for the other cryptocurrencies ? Time will tell.
Trade Safe and Best of Luck !
MacroForex
BITCOIN MASSIVE BREAKOUT POTENTIAL OUT IF TRIANGLE for new atmBitcoin trying to break out if the triangle(counter trendline from all time high to bottom of channel. If it confirms and closes an hourly above look for an upside towards the top of the channel and a second target of the all time high. After that a target of 65k (triangle breakout target) and to complete the cup and handle breakout target at 73k which will be the cycles high most proburbly