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📊 Correlations Unveiled: NIKKEI vs. BTC! 📈Mirror Image: NIKKEI vs. BTC Upon closer inspection, you might be astounded by the uncanny similarity between NIKKEI, Japan's stock market index, and BTC, the poster child of cryptocurrencies. 📊 Leading or Following? NIKKEI's chart seems to be almost leading the way, showcasing patterns and trends that BTC later follows. This observation highlights the importance of studying correlations in financial markets, offering potential insights into one market's effect on another. The Power of Correlations Understanding and harnessing the power of market correlations can provide traders and investors with the ability to predict potential price movements. By recognizing these relationships, you can make more informed decisions in your investment strategies. Conclusion: Correlations Matter The resemblance between NIKKEI and BTC charts is a testament to the power of correlations in the financial world. Being aware of these connections can provide valuable insights and, ultimately, contribute to more successful trading and investing. Feel free to like, share, and leave your thoughts in the comments! 💚📈💚 ❗See related ideas below❗
BNC:BLXLong
by Yaroslav_Krasko
1
Using Fib extensions to project 4 year BTC bull highsI have been using Trend Based Fib extensions in Trading View for many years. It is one of the tools you can use in Trading View for free. In June 2011 Bitcoin hit its first major high at $31.90. Its bear market low was $2.01 in Nov 2011. Use the Trend Based Fib extension tool; first point is $31.90 in Apr 2011 and the second point is the $2.01 low in Nov 2011; Bitcoin hit the 4.236 Fib extension in Apr 2013 at $268. In July 2013 Bitcoin hit its low at $65. First point is $268 in Apr 2013; the second point is $65 in July 2013. Bitcoin hit the 4.236 Fib extension in Nov 2013 when it hit the $1177 bull market high in Nov 2013. In Jan 2015 Bitcoin hit its bear market low at $164. First point is $1177 in Nov 2013; second point is $164 in Jan 2015. Bitcoin hit the 4.236 Fib extension in Oct 2017. If you had DCA'd from then until Dec 2017, then you would have gotten out between $10000 to $15000 which is still very good. In Dec 2018 Bitcoin hit its bear market low at $3129. First point is $19764 high in Dec 2017; second point is $3129 in Dec 2018. Bitcoin hit the 3.618 Fib extension in April 2021 and again in Nov 2021. If you had DCA'd out in those two months you would have gotten out at very good times. In Nov 2022 Bitcoin hit its bear market low at $15460. First point is $69000 high in Nov 2021; second point is the $15460 low in Nov 2022. Bitcoin in Oct 2025 (another 35 month bull market from the Nov 2022 low) has a 2.618 Fib extension at $156,000 and a 3.618 Fib extension at $209,000. I feel reasonably confident that Bitcoin will hit within that range of prices by Oct 2025. After another 12 month bear to say $40000 by Oct 2026 and another 35 month bull market, the 2.618 and 3.618 Fib extensions yield a Bitcoin price between $500,000 to $600,000 by Sep 2029. After another 12 month bear market to say $130,000 and another 35 month bull market, the 2.618 and 3.818 Fib extensions yield a Bitcoin price between $1.3 M to $1.8M by Aug 2033.
BNC:BLXLong
by shubbs
1
The Squid Game Shows Why Most People Fail to Profit from Trading"Squid Game, the sensational Netflix series that has taken the world by storm, offers a gripping mirror to human psychology, reflecting the intricate dance of emotions and decisions that we often encounter in the world of finance. Just as unsuspecting individuals are lured into the deadly games by the enigmatic subway stranger, many novice investors are drawn into the stock market by tales of friends striking it rich, often diving in headfirst without a hint of the rules of the game. It's a rollercoaster ride from beginner's luck to the perilous cliffs of attribution bias. Beginner's luck, that elusive phenomenon where newcomers seem to outshine the experts, can be an enticing trap. It leads to overconfidence, a misplaced faith in gut feelings, and an overzealous desire to trade that often ends up costing a small fortune in fees. These overconfident traders become engrossed in their own world, neglecting the wisdom of statistics and putting all their eggs in a single, precarious basket. Attribution bias, another insidious cognitive bias, rears its head as traders concoct explanations for their successes and failures. Profit? They're geniuses with uncanny foresight. Loss? Blame it on market conditions or mere bad luck. The mind constantly seeks excuses for every twist and turn. Even great minds like Isaac Newton, who could unravel the mysteries of the cosmos, fell victim to the madness of financial markets, a glaring example of attribution bias in action. In Squid Game, the players, after witnessing horrifying tragedies during 'Red Light Green Light,' are given a choice to continue playing or not. Overconfidence and attribution bias grip the survivors as they believe they are destined for victory, much like many traders who cling to the belief that improbable outcomes are within their grasp. Mob psychology and the bandwagon effect rear their heads in the story, too. The players form alliances and teams based on earlier factions, mirroring the tendencies of investors to follow the crowd rather than adhere to their own strategies and analyses. Panic buying, selling frenzies, and susceptibility to pump-and-dump schemes ensue. In the financial world, these psychological phenomena can lead us astray, costing us dearly. But unlike the brutal Squid Game, financial markets aren't a zero-sum game. With a solid understanding of market characteristics, rules, and diligent research, you can gain a statistical edge. As a trader, I'd argue that technical knowledge accounts for less than 5% of the equation; it's all about mastering your cognitive biases and maintaining emotional control. So, just as the surviving players in Squid Game strive to outlast their competition, investors and traders should strive to outsmart their own psychological pitfalls. In the end, success in the market isn't about luck but about mastering the intricacies of the human mind in a complex financial world. If you found this insightful, don't forget to like and follow for more quality content! Feel free to share your thoughts and questions below—let's navigate this financial journey together!" This chart is inspired by @Michael_Wang_Official
BNC:BLXEducation
by CRYPTOMOJO_TA
3
Bitcoins next 6 months outlookBitcoin is still clearly in the bear market and won't make it's initial big push out for 6 months most likely. This should be good news to you if you are stacker. The bears have a strong hold over price action, but as we can see on the RSI, the hold is weakening with bullish divergence forming in this underling indicator that simply determines "relative strength". If bitcoin maintains this divergence you can expect a very quick price pop up by the end of the month (seems likely) . The down trend resistance levels are color and thickness coded by strength. Each time any one is conquered, meaning a break above and stay above, our attention is then focused on the next one until all are broken and defeated. Stronger to weaker RED ORANGE GREEN BLUE Thanks for looking at my chart and leave a comment on what you think. My chart is educational analysis and is not to be taken as financial advice. We are all here to make money and limit our risk is the best way to do so. Contrary to the news, from what the chart is showing us... it's telling us that risk is low, the RSI has bottomed and showing signs of strength. * Bear markets are buyers markets, Bull markets are sellers markets* PS: The arrows are only examples Once again... thanks, WeAreSat0shi Stay Blessed!
BNC:BLXLong
by WeAreSat0shi
4
Bitcoin - BTC comparing Alligator cross-over 1.🔴 2.⚪️ 3.🔵 4.🟢Comparing Alligator cross-over... 1.🔴 2.⚪️ 3.🔵 4.🟢... ...dear BTC and Crypto Nation👀 Will call out loud for you when next 3.🔵 occurs🚨🚨 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BNC:BLXLong
by Crypto4Everybody
1
Finding cycle tops by drawing diagonals from bear market lowsIn a log chart of BTC, by drawing diagonals from bear market lows we can find where market will top at the end of a cycle. Yellow highlighted bottom goes on to form yellow highlighted top (ray1), green highlighted bottom goes on to form the green highlighted top (ray2) It is not possible to know where current cycle will top at before the bear market ends with this method but it'll be possible once we are well into the next bull market. Draw a diagonal from bear market lows and wait for price to hit your diagonal from below. This is not enough to open a net short position as 2021 top shows (since it double topped) but enough to exit your long position
BNC:BLX
by ramenking6
Kaspa Bitcoin Theory for future pricing into 2025-30I know this is a stretch of the imagination but I just could not help myself given all the research information we now have on the emission schedule for the Kaspa network and how we are somewhat tied with this Nakamoto Consensus with Bitcoin. These are two different projects but both are from the same idealogy and theoretical background of Bitcoin and the original theory on peer to peer payment system. We have a 4 year halving cycle with Bitcoin and a yearly halving cycle with Kaspa. Both permissionless both Decentralized but only one solves the Trilemma issue and that is Kaspa. Given that Kaspa has solve the Trilemma issue makes it both Decentralized and Secure and now fully Scalable something that Bitcoin does not offer. I think there is something bigger here than we can all understand and appreciate. any correlation? dont know but in time we will see if there is something bigger at play here.
BNC:BLXLong
by altcoinb
This is the Bottom $btc Bitcoin Fibonacci levels from historic lows, to significant tops. Note that at the .786 level, and anything lower, (note as well the potential 30% drawdown lasting up to 2 months that can occur at significant cycle bottoms) has historically been the bottom for the cycle. We might front run the bottom though and fill up before we reach say $10,000 or lower. The 2018 bear market bottom showed no journey into sub .786 levels, which again would almost certainly be the most optimal long entry point (low end of .786 and anything sub.) Further, THE MOST SIGNIFICANT RISK to take in end of the year 2022, would be an under exposure to the brave new asset, or stocks in general as the fed is forced into dovish expression. the fed has a money printer
BNC:BLXLong
by xueq
Bitcoin next cycle Top and bottom .Today i want to share the btc logarithmic chart with the help of supertrend . As you can see i drew a bottom area in two green parallel line with a curved top in red wich both are approximate not precise. Based on two previous events and supertrend there’s some similarities which i would like to mention. From the cycle bottom to settling down the supertrend or the next cycle bottom it takes 1300-1400 days . From the bottom to the tip of the cycle it takes 900 to 1000 days . Base on these events and some other formulas i would say we will see the cycle top in 2025 somewhere close to july and for the other year close to September we will see the next cycles bottom wich is around 60-70 k . Again its not a finance advice and crypto market could be very chaotic so stay safe fam .
BNC:BLX
by mastershark