bitcoin weekly looks like it could run the highs againtrade pressure is coming back to neutral from a positive move, this coincides with landing into a support zone
it felt weird how bitcoin did not take last years liquidity just above 32k
as it currently forms a bull flag/wedge into the support zone we could see some relief and a move up soon
the question is whether it is a corrective B wave, or the start of a final wave to the mid-30/40k zone
Xbt
BITCOIN short term bullish updateBTCUSD
price broke above wedge structure. after a correction if price continues to hold above support I expect the price to move higher towards the next resistance..
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
😱 BITCOIN PRICE PREDICTION 2020/2021 😱 NEW PHASE ‼‼‼Here is the update on history of Bitcoin. NEW +1 Phase spotted. I find 7+1 Phases of the bitcoin from the top of 2013.
1. Descending Triangle Phase
Price in form of triangle, in 2013 this pattern last for about 398 days.
In the 2018, we can see similar triangle shape and price last here for about same period in 341 days. Next phase
2. Ascending Triangle Phase
After breakdown of the phase 1, market in 2014 moved down and in start of 2015 formed Ascending triangle shape within 186 days. Now look at 2018/2019 zone of Ascending triangle , similar shape, similar period of 155 days. Next price moved upside to next phase.
3. Flat Zone Phase
After moving upside price stuck in Flat zone for the 149 days in end 2015 and beginning of 2016. In middle of 2019 price stucked in similar Flat zone for about 162 days. Then we moving to next phase
4. Inverse Triangle Rise Phase
In this zone we see about 105 days of rise in between middle of 2016. Here is highly debatable, but looks similar in end of 2019, you can see similar rise within 107 days. What happened next is phase of sudden crash.
5. Sudden Crash Phase
So you see the 4th phase with 107 days rise, then within just few days price suddenly crashes in end of summer 2016. Same Sudden Crash happened in fears of COVID-19 in March 2020, right after Inverse Triangle Phase (4). Now move to phase 6.
6. Lack of Certainty Top
In the end of 2016 we see the small volatility movement below resistance line and before this Top zone, we see steady rise for 153 days, before the market breakout from resistance line. In the 2020 we see steady rise after Sudden Crash (5) for about 156 days. Now price approaching resistance line without big volatility . Here is the prediction starts, in 2017 after breakout we faced 7th phase.
NEW. 7. ATH Volatility Spike
In the beginning of 2017 you can see green rectangle - at that time price approached 2013 ATH ($1150) and looks like there price start to jump really fast. Price made a pullback from ATH and then tried to break it, showing false breakout and then only at third attempt it broke the ATH level and Parabic started
8. Parabolic Rush Phase
So after the breaking out from resistance line in early 2017, Bitcoin price started to grow, and after crossing previous highs market flooded with new traders and fresh money, which caused insane growth of the price for abut 357 days. Will this phase repeats after we cross 20k again? This is topic for discuss :)
👉 What price do you think we will face during end of 2020 and in 2021?
Stay tuned, have a good profits
Appreciate your likes and subscriptions
This is Artem Crypto
Bitcoin, $30k before $10kthe 3month bitcoin chart shows that bearish volume has increased in the last quarter only for price to be held suggesting a momentary pause at the middle of the range with some upside inbound.
my guess is that bitcoin will now push up to the .32/.5 fibo retrace (most likely spike beyond at the range high) before the rally fails and we head to the range lows to complete the final corrective wave down to the monthly demand zone of 2021s bullrun (where the 50ma/ema lurks for ultimate support).
Bitcoin's most awaited October is here!Let's take a look at how COINBASE:BTCUSD performance in October month.
2011: -31.54% 🔴
2012: -9.98% 🔴
2013: +61.22% 🟢
2014: -13.58% 🔴
2015: +31.32% 🟢
2016: +14.60% 🟢
2017: +48.63% 🟢
2018: -4.46% 🔴
2019: +10.26% 🟢
2020: +28.19% 🟢
2021: +39.98% 🟢
2022: +5.52% 🟢
2023: +0.5% 🟢 ⌛
October month is considered one of the best month for BINANCE:BTCUSD , historically we have seen postive candle with upto +61% increase in price in a single month. BINANCE:BTCUSDT usually repeats past trends, if that happens we can expected a green candle with significant upward moment in BITSTAMP:BTCUSD price.
Follow us for more updates.
Cheers
GreenCrypto
A hope for BullRun, Bitcoin September Month's PerformanceLet's take a look at how Bitcoin's performance in September month. September is considered worst month for bitcoin.
2011: -39.75% 🔴
2012: +20.28% 🟢
2013: -1.37% 🔴
2014: -18.36% 🔴
2015: +2.76% 🟢
2016: +6.57% 🟢
2017: -8.62% 🔴
2018: -5.98% 🔴
2019: -13.51% 🔴
2020: -7.52% 🔴
2021: -7.04% 🔴
2022: -3.16% 🔴
2023: +4.11% 🟢 ⌛
Whenever September month closed in green, we had bullish momentum October month, hopefully this September will close in green candle and fuel the bull run for October.
Follow us for more updates.
Cheers
GreenCrypto
Human Psychology Never Changes. Impossible right?
The one thing i love about market cycles & historic charts is that you can pull up charts from 1900s and 2000s and you see the same fear & greed patterns forming.
Always the greed forming from strong positions and fear from weak positions.
All I see online is
"bearish" "stock collapse"
"housing collapse"
"Bitcoin collapse (10K) (lol)"
"Student debt crisis"
When in reality,
1.Liquidity in the trillions is on the sideline.
2.FRED has paused rate hikes (as I expected they cannot afford the debt)
3.Inflation (for now) has been cut off
4.QE / YCC is almost needed to control bond yields + stimulate GDP growth to avoid mass unemployment
5.Bitcoin is a few months away from a Spot ETF approval.
This has to be the most bullish setup I have actually ever seen for high growth assets, timing on the other hand. . you can clearly see mature assets go longer in the period of "depression".
THE only option for the FRED is to start QE to drop the DXY bailing out Japan that's buying their bonds (JPY currently collapsing).
Now the main question is the future is looking like the FRED will slowly drop rates "SLOWLY" meaning realestate is going to become a dead market it won't collapse but its growth is now capped.
Meaning all this stuck capital $47 trillion in US real estate alone is dead money.
The FRED will make the choice to allow risk assets and stocks to fly, capping the real-estate growth cutting off inflation from the "housing side".
People are going to wake up one day towards the end of 2023 with a Bitcoin price at $90,000 on CNBC and that's then the real FOMO is going to kick in.
Only thing bears have going for them is China invading Taiwan leading to an all out NATO / EUASIA conflict, lets see how this year ends.
youtu.be
BTCUSDT Chart Analysis: Short-Term Bearish Trend with Buying OppIntroduction
In the ever-volatile world of cryptocurrency trading, keeping a close eye on charts and trends is crucial. At the moment, Bitcoin (BTC) is trading at the $26,500 level, and a careful analysis of the charts suggests a short-term bearish trend. Let's delve into the details and identify some key levels to watch for potential trading opportunities.
Neckline Support Broken
One of the notable signals on the chart is the break of the neckline support. This is a bearish sign indicating that Bitcoin's short-term trajectory may be downward.
Strong Support at $25,000
Currently, there's a stronghold of support at the $25,000 level. If this support level holds, it might help stabilize the price. However, should it break down, there's a significant risk of witnessing a substantial drop in BTC value, potentially down to the $20,000 level.
Resistance Levels
To gauge possible upward movements, we need to consider resistance levels. Two crucial levels to monitor are $27,300 and $30,750. If Bitcoin successfully breaks above $27,300, it could aim for a retest of the $30,000 level.
Short-Term Bullish Above $31,000
For traders seeking bullish signs, keep in mind that Bitcoin may only be considered bullish if it manages to climb above the $31,000 mark. Below this level, there's a high probability of revisiting the $20,000 level.
Long-Term Perspective
For those with a long-term perspective, remember that significant dips can present excellent buying opportunities. The next two years are expected to bring substantial developments for Bitcoin holders, making it a potentially rewarding investment for patient investors.
Conclusion
In summary, the current chart analysis for BTCUSDT suggests a short-term bearish trend, with the neckline support already broken. Key levels to watch include $25,000 as strong support and $27,300 and $30,750 as resistance levels. Bitcoin is likely to turn bullish only if it surpasses $31,000. Short-term traders should exercise caution, while long-term holders can view dips as potential buying opportunities.
BTCUSD Logarithmic Growth Trend: 155k Max By Mid 2025 Hello all!
It has been awhile since i posted, for good reason! It has been a very boring time within the market (as expected).
We are currently in this transition phase between bear to bull market, its the time where everyone walks away filled with fear (bottom of cycle)
Save this chart... You'll never look at a "BTC" rainbow chart again. This either works or it doesn't.
BTC has followed very distinct cycles since its inception
These cycles have been dictated by each halving (as shown)
When looked at on a logarithmic chart, two indisputable lines can be drawn (tops and bottoms), there are no other ways to draw these lines and each top and bottom has perfectly touched them
This creates a logarithmic curved growth area where BTCs priced has always stayed between
Using this model, BTC should top out around 155k in mid 2025 & in the bear market that follows, it shouldn't break below 70k.
We will continue to reference this going forward but main takeaway, the macro picture is still perfectly in tact and BTC is moving as it should, with room to move down to 20k
This is the time to build and GET READY for what's to come
Don't lose sight, the green grass looks to be right around the corner!
Please comment and like!
Majority Right Or Majority Wrong? OCT-MARCH Parabolic Bull Run?
Credit PlanB on Twitter his polls have always been a great indicator based on
"hive mind thinking"
-------------------------------------------------
19,088 votes
-------------------------------------------------
Bull after halving, again 59.6%
-------------------------------------------------
No 2024/2025 bull market 17.5%
-------------------------------------------------
I don't know 22.9%
-------------------------------------------------
So this means there's an even higher probability for a new smaller
bull cycle PRE halving OCT-MARCH.
Followed by the smaller portion agreeing No 2024/2025 bull market Meaning there will be another bull market towards the end of 2024 going into 2025.
I state this on the chart with 1. 1. then 2. 2.
Logically for the "market" to catch most of guard would require a rapid move very soon that could be a Spot ETF approval Bitcoin gains a few trillion in market cap and then remains stagnant for the rest of 2024.
Followed by another accelerated growth in 2025-2026.
As we can see almost always "Retail" is behind the curve and always wrong when it comes to financial markets as they use emotion over logic with anything.
I don't "day trade" I don't recommend it, I hold sound assets and growing sectors.
But we monitor the sentiment as if something like this does rapidly unfold there will the chance to rebalance after the "Spot ETF allocation hype slows down"
Anybody who has any sentiment polls or DATA similar to this feel free to comment so far Twitter is the only source to monitor retail hive thinking. . .
TVC:DXY/FRED:BAMLH0A0HYM2
Takes the DXY with the ICE BofA US High Yield Index Effective Yield telling us we are at a tipping point in the DXY so DXY fall? > Rates possibly fall? > Liquidity up?
Bitcoin: A Fib based view on next Bitcoin SupportAs you can see from the chart, the next Fib level 0.5 is at the range of 23600, so we can expect the Bitcoin to consolidate at this range in September,
Historically September month ended negatively for Bitcoin most of the time. So it's hard to expect a positive candle close for bitcoin this September.
Based on what I see we can expect further negative movement for bitcoin upto 23600 range and price consolidation at this range, this move can be very quick as we can psychological resistance at 25000, if 25K breaks then we can expect bitcoin to reach 23K range very quickly.
I would advise again any long term LONG position for bitcoin at this moment unless we see some serious stable price movement upto 27K.
Stay tuned for more updates.
Bitcoin 2020 vs 2023 , just a comparisonA looks 2020 and 2023 bitcoin chart on weekly candle.
Trend looks similar, however bears are stronger this time compared to 2020,
in 2020 we had similar patter but that we after continuous upward momentum and this pattern emerged after that, but this time it is after continuous downtrend from 60K.
Changes are having another correction is higher but let's wait and see.
PS: This is just an outlook on comparing the current pattern with 2020, this is not a trading advice, take it pinch of salt. :)
Cheers
BTC Analysis: Patterns, Levels, and Potential BreakoutsBTCUSDT Daily Chart Analysis: Key Levels to Watch
Introduction:
In this analysis, we'll delve into the current state of BTCUSDT using the daily chart and identify key support and resistance levels. We'll also discuss the potential implications of the Head & Shoulder pattern and its possible outcome. Traders and enthusiasts alike can benefit from understanding these critical levels to make informed decisions.
Current Price and Overview:
BTCUSDT is currently trading at $29,400, showing a mix of bullish and bearish sentiments. Understanding the significant support and resistance levels is crucial for gauging potential price movements.
Major Resistance Levels:
The chart indicates that a substantial resistance zone lies between $30,500 and $31,000. This area has historically proven to be a challenging zone for BTC to break through. A successful breach above this range might lead to a significant upward movement.
Major Support Levels:
The support area between $27,500 and $27,800 is crucial. If BTC fails to maintain its price above this range, it might indicate a bearish sentiment taking over. A breach below this level could trigger a further downward move.
Head & Shoulder Pattern Analysis:
There is a prominent Head & Shoulder pattern visible on the chart. If the price breaks below the $27,500 support level, this pattern suggests a potential target of $20,000. However, this outcome is not guaranteed, as other factors and market sentiment can influence price movements.
Potential Price Scenarios:
Bearish Scenario: If the support at $27,500 breaks, BTC could target the $20,000 level based on the Head & Shoulder pattern.
Bullish Scenario: A bounce from the $27,500 support level could lead to an upward movement. In this case, the price might attempt to challenge the resistance levels mentioned earlier.
Pattern Invalidation and Upside Potential:
It's important to keep a close watch on how the price behaves around the $31,000 resistance level. If the price successfully breaks above $31,000, the validity of the Head & Shoulder pattern might be questioned. Such a breakout could propel BTC to the range of $34,000 to $35,000, indicating potential bullish momentum.
$133T Decaying Bond Marketcap - 0.5T Bitcoin Marketcap EarthBond
Its fun to compare bitcoin with Gold as a commodity for the similar attributes but Gold only has a small market cap of 12.928T and is very illiquid.
Yes Golds market cap is nowhere near the market cap of Government Bonds.
We have a global CPI / inflation problem where "smart money" is getting anti Bonds due to the rising debt and interest rates that eventually make the returns useless if adjusted.
Lets do the calculations bitcoin superior to Gold and superior to the government bonds creating a decentralized Earth Bond, yes bitcoin to my eyes is like gold but will eventually function like a bond that is tied to the earth and connection to every sovereign country.
Planet Bond.
BlackRock Suggests an optimal BTC allocation is 84.9% completely changing the 60-40 basic portfolio of bonds.
twitter.com
Lets have some fun with the calculations
Illiquid bitcoin supply at 15.2M
twitter.com
19.5 million (Today Supply) minus 15.2 million equals 4.3 million on the market of course this will increase if prices go up but there's also the chance they do not as most accumulation here is by large funds not retail looking for short term returns.
5% of 133 trillion (133T) is 6.65 trillion.
If bitcoin had a market cap of $6.5T, 1 BTC would be worth $1.5M, an upside of 46x
(based on the supply is way less than people understand)
All that's left is a Spot ETF on the US market to allow capital to just lightly tap this market and we will know soon enough.
And people wonder why every large fund have raced to get a spot bitcoin ETF, yeah being potentially the most important asset in the last 100 years could do it.
Tick Tock
LINK - Wyckoff Accumulation + Elliott WavesLink has been stuck in this range for an awful long time. In this count, it is labelled as a diagonal 5th + corrective wave 4; which could explain why we've been in this range for so long.
Looking for a pullback to test bottom support to take out range highs.
could you handle this savage potential 1:1ive been aiming for 36k as a final target since the start of this mini run in January.
this recent PA has been a bit meh, with buy interest coming down at a point where i believe some players have loaded a lot of sells teasing everyone for the 32/33k liquidity.
as this local mini range is just an sfp of Aprils high and price drop would be considered internal structure all the way down to the swing low
...so, could you handle this savage potential 1:1 before #bitcoin tanks to lows and forming a bottom?
Invalidation would be a weekly close above Aprils high, or just cutting through 20k like butter,
BTCUSDT 4H Chart AnalysisBTCUSDT 4H Chart Analysis
Overview:
Bitcoin (BTC) has been experiencing range-bound trading for the past 18 days, with traders eagerly awaiting a breakout from this consolidation phase. In this report, we analyze the key levels and targets to watch for potential breakout opportunities.
Breakout Targets:
Upward Target after breakout: $38,000
Downside Target after breakdown: $27,000
Breakout Areas:
Upward Breakout Point: $31,250
Downside Breakout Point: $29,800
Technical Analysis:
BTC has been consolidating within a range, indicating indecision among market participants.
The upward breakout point at $31,250 represents a significant resistance level that needs to be surpassed for a bullish breakout to occur.
Conversely, the downside breakout point at $29,800 acts as a crucial support level that, if breached, could trigger a bearish breakdown.
Implications:
A successful upward breakout could lead BTC towards the upward target of $38,000, providing potential profit opportunities for traders.
Conversely, a downside breakdown below the $29,800 level may push BTC towards the downside target of $27,000, offering opportunities for bearish positions.
Risk Management:
It is important to note that breakouts can be accompanied by increased volatility and sudden price movements. Traders should implement proper risk management strategies to protect their capital.
Consider setting stop-loss orders and closely monitoring the price action during the breakout phase.
BTCUSDT 4H Chart AnalysisBTCUSDT 4H Chart Analysis
Overview:
Bitcoin (BTC) has been experiencing range-bound trading for the past 18 days, with traders eagerly awaiting a breakout from this consolidation phase. In this report, we analyze the key levels and targets to watch for potential breakout opportunities.
Breakout Targets:
Upward Target after breakout: $38,000
Downside Target after breakdown: $27,000
Breakout Areas:
Upward Breakout Point: $31,250
Downside Breakout Point: $29,800
Technical Analysis:
BTC has been consolidating within a range, indicating indecision among market participants.
The upward breakout point at $31,250 represents a significant resistance level that needs to be surpassed for a bullish breakout to occur.
Conversely, the downside breakout point at $29,800 acts as a crucial support level that, if breached, could trigger a bearish breakdown.
Implications:
A successful upward breakout could lead BTC towards the upward target of $38,000, providing potential profit opportunities for traders.
Conversely, a downside breakdown below the $29,800 level may push BTC towards the downside target of $27,000, offering opportunities for bearish positions.
Risk Management:
It is important to note that breakouts can be accompanied by increased volatility and sudden price movements. Traders should implement proper risk management strategies to protect their capital.
Consider setting stop-loss orders and closely monitoring the price action during the breakout phase.