What if the (BTC) top is in? PARABOLIC CURVE BROKEN ($62,000) I’ve been studying my TA for hours now thinking of different scenarios and then made this chart and now I’m feeling quite bearish for bitcoin.
May not be the cycle top (macro - higher time frame), however that does not mean the (micro - lower time frame) top isn’t possibly in.
Could we be ready for the next leg down to test the current support at $55,000’s?
Time will tell, I’m just sharing what the chart is showing on the daily.
TOP-6
AVAX/USDT (1D)Avax scenario, probably in the yellow zone an accumulation will be repeated to shape a second fund where it can break upwards with the help of the hyperbola or else it will fall towards our 100-period SMA which has not touched it for a long time and This one had already shown us a strong reaction. Whereas if we see the case of Dump it would be better to close the trade even in losses because it would go to look for the closest support after that and it is somewhat far away.
Ending Diagonal targeting top @ ~70kThis beautiful Elliott Wave on the daily chart is indicating Bitcoin is about to find a temporary top around 70k. As the theory proposes, we should expect a more severe correction after that wave is completed. Be aware of bull traps once we hit that level.
It's interesting to point how every subwave is clearly noticed on the chart.
Loved that!
BTC is about to crash 50% to 29kI said BTC had topped out when it reached 53k back in February and congratulation to those who sold then and did not FOMO back to the market. If you dont see the great short now you will never see it. The market has finally topped out. we have confirmation. The volume is declining and all the major indicators are pointing at the 29k level. This 50% crash that is coming is a gift to all the amazing bears out there. The bears always win in the end. Mark my words. Dont start crying when the sub 30k levels are coming. A 60k BTC is not sustainable in the long run. 20k-30k is a fair price to start dollar cost average back inn to the market. Dont be a fool and go all inn now, be patient and wait in a short position. When the blood starts flowing in the streets you better drink it up. Dont be the guy that are bleeding.
BTC CYCLESAs you can see, there is a pattern of tops and bottoms on BTC if we look on the logarithmic scale with fibonacci settings also on log. If this patterns continues we gonna have the next top on 200.000 area and the next bottom to 60.000 area. We have no reason to believe this pattern is broken so let’s see if and when we go there.
Bitcoin's future projectionI think this 4 years cicle looks similar as the bullrun in 2013/2014.
My prediction is we will see a temporary top in mid 2021 at around 90k. Alts will probably go parabolic at this time. After we hit the 90k ish mark, we drop back to 45-50k area, where we will find our new bottom in the end of 2021.
At the start of 2022 we will go bullish again and we will see the top of this bull cycle around 200-250k. After that we end up in a new bearmarket, what will last for 1,5 years. Bottom will find again in the 45-50k area. Then we can see a
new start of a 4 years cycle. Next halving is around march 2024 and we hopefully see another great bullrun!
GBPJPY 1H timeframeHello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
S&P500 vs BTC: are we at the top?S&P500 and BTC are very correlated, especially for dumps. So to know when BTC dumps, we need to know if and when the S&P 500 is going to have a correction.
Let me know your thoughts on the S&P 500, the increasing yields (see linked chart below) and Bitcoin!
dax Short riskI do not belive we can ho higher maybe a little but not much so im shorting hard. Tomorrow is witch friday remeber can be very big movement on market. I know we have up trend without confirmations to short but my strategy teeling me to short it! lets see. Remember im not advisor im only sharing what i think and what i am do on market now for educational purpose only.
COPPER - DUE FOR A MAJOR CORRECTION?Looks like copper finally reached the top of the 5 wave impulse. We also saw an extended 5th subwave as the very last wave in the 5th wave which is typical in the commodity market. Also RSI didn't create a divergence but that is because of the extended 5th wave. We should see copper come down atleast 25-30% of it's value as a correction from the huge run it made that started early 2020. This isn't a "crash", this is just a healthy pullback before the next wave up in the future. I'm not planning on shorting it, but I did take profits on my long positions. I will look to re enter when it is done correcting.
Market top end of May or early June?Based on the volume analysis of previous 2017 bull run and current 2021 bull run, my conclusion is:
1. Parabolia beginning early April.
2. Market top in end of May or early June.
3. Current price of usd56k correlates with usd4-5k in 2017. Considering this is supercycle, lets say btc does 6x (better than 5x of 2017) from this point.
4. Market top price : usd 336,000.00
*Not financial advice. Educational purpose only.
Mother of all Top in all AssetsWith so much money pumped in to system Like 2000. Dow should hit around 36000 and top should materialise by August/September. As it will be long term top. Not sure what will cause the top. it could be Bond Yields or Tax rise. something will break the system. First sign will be Trading Channel will be taken out after that Huge Gap down. then Game will be on. I am expecting all Assets to go down including PM. BTC will be first to top then everything else.
Is BTC at 200k USD by Dec 2021 a realistic prediction?Based on Bob Loukas 4 year cycle (3 year Bull, 1 Year Bear)
And combined with 3 previous 80% + historical Bear market Lows.
We have to touch 200k this bull run before the Bear Market will bring us back to 40k Bear Market (80% Draw Down) Low by end of 2023.
History Rhyming or Complete Balls?
What Say you?