TOP
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« I told you ». Exit all markets. List the clowns. And learn.Big structural weakness. The signal can't be clearer...
Please take a moment and look at the crowd on Twitter ignoring the dump and looking for the next 100x coin. Some in the crypto market since before 2017. Unforgivable stupidity.
Just two of them for the example
OTC_Bitcoin : Always wrong on the macro since January 2018. Then will delete compromising tweets and pretend he was always right.
mobile.twitter.com
@michael_saylor : Told his audience to mortgage their house and buy Bitcoin on April 14th 2021.
mobile.twitter.com
List them all and stop listening to them...
BTC topped ? indicators say so...In the previous cycles, whenever the pi-cycle indicators crossed we always had a top and a start of the bear market (or a correction at least), will this time be different ?
If this is an actual top, then bitcoin will start to move down and we caught the top to short,
If " this time is different " then bitcoin might(or not) have some correction and continuation upward, the top cycle indicator probably alerted many people to close some of their positions, so at least a correction might be on the way.
I am cautiously shorting with a stop-loss that I am ready to lose in case I am wrong and we are in a " this time is different " case..
Trade safely :)
Take profit or wait?According to this indicator, we are not in the red dangerous zone. Probably we'll see in the future if this indicator is reliable, meantime smart traders start to take profit maybe with a small/medium part of their mid-term holding (from 30 to 50%) leaving the other part on trailing stop.
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.
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!