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BTC Pi Cycle Bullrun SignalHello friends Today im going to show you a good reason for next Bullrun in Bitcoin. Pi cycle includes 2 Moving Average: One Long MA and One Short MA. when we devide this 2 MA the result equals PI number (around 3.15) The best Long MA is 471 DAY and the best Short MA is 150 DAY. I illustrate them in BLX chart and yo see the last 2 times that Pi cycle Bottom works properly. the first Bottom was on JAN 2015 and second Bottom was on JAN 2019 and NOW on JAN 2023 (as i show them with Red Circles in my chart) the indicator signal a Potential Bottom for BTC. If Short MA (RED) surpass Long MA(GREEN) we call it a PARABOLA and the Bottom confirmed. If you think more about that you understand this cycle happened every 4 years actually on January. 2015 - 2019 and NOW 2023. So i explained Technical and Time Cycle Analysis for this Strong Indicator. Hope it predict Bottoms WELL. Be Profitable Thank You for reading my Idea Share me your Opinion. Do you think BTC make a bottom NOW?
BNC:BLXLong
by TraderAmin-KZ
5
BTC - When will the manipulation/Correction end???Santiment shared a chart that shows that systematic purchases of the flagship cryptocurrency over the past two months took place right before the BTC price advanced from under the $17,000 level, assuming that these purchases made a great contribution to these price surges. Sharks buying Bitcoin (wallets holding from 10 to 100 BTC) prevented its fall below the $16,700 level. In the past 10 weeks, per Santiment, owners of these wallets grabbed a whopping 105,600 Bitcoin. Then small whales (wallets holding from 100 to 1,000 BTC) made their purchases, adding 67,000 Bitcoin over the past eight weeks. This fueled Bitcoin's rebound to the $18,000 level, Santiment believes. Finally, large whales stepped in (they own between 1,000 and 10,000 BTC) as they acquired 37,100 BTC over the last 10 days. The chart shows that this purchase pushed Bitcoin over the $21,000 level briefly. So this tells me one thing, this is definitely a correction regardless if its manipulation, the only question is, will this correction adhere to fibonacci's laws? There is no way that we could have reached these levels with retail and the fear that surrounds Crypto with the LUNA and FTX debacle, most people were moving all their coins to cold wallets and the same people are now thinking we have found our bottom and moving up? A lot of trust needs to be gained and this takes time approx 6 months, the last move down on btc saw massive volume push that down and that normally indicates a third wave. This wave up saw the same volume that we saw in 2021 bull run with 3 tril in crypto, we currently have less that 1 bil, that should make you ask questions and logic needs to prevail at this point. Can the whales push this up further......of course and thats why i initially posed the question whether or not this move will adhere to market phycology and fibonacci laws. I have used the point of control in order to asses the resistance and support in both my scenarios, in the short term, in the next few hours i see another push up due to volume, 23218 zone as volume and rsi has lost steam, then a correction down to either 19258 point of control or it will break down further to 14580 forming D in the falling channel. If it bounces off the point of control then it will move up and form what i believe will be 4th 29769 point of control and final correction meaning it will then move down to 11k mark creating the bottom and finally move into our much anticipated bull run of 3 years and enter the third wave of bitcoins life hitting between 100k-120k before our next correction. Hope you enjoyed the read. One thing that i have learned more in trading than anything else is use stop losses when trading. Till the next one
BNC:BLX
by raphael49419
The Ultimate Bitcoin Market Cycle Cheat SheetIn this post, I'll be providing an explanation on market cycles referring to specific time periods and fibonacci support and resistance for key lows and highs. This post is not financial advice. This is for educational and entertainment purposes only. This post was inspired by @CryptoCon_ on twitter. Time Periods Explained - The chart may appear extremely messy, but let's break everything down one by one. - I first marked all November 28ths of every year on the chart, starting from 2012. - We can divide each cycle into a span of four years: - The first cycle lasting from Nov. 2012 to Nov. 2016, - The second cycle lasting from Nov. 2016 to Nov. 2020, - The third cycle lasting from Nov. 2020 to Nov. 2024, - and the fourth cycle beginning in Nov. 2024, ending in Nov. 2028. Again, keep in mind that this is an extremely speculative approach, based on the premise that what happened in the past, will continue to happen in the future in a similar manner. We can divide each of the cycles into 4 different phases. Phase 1: New All Time Highs - The first phase is the phase of a new all time high. - At the end of the first phase, Bitcoin marks its new all time highs. - Such was the case in 2013, 2017, 2021, and I expect it to be the case in 2025 as well. Phase 2: Bear Market - The second phase is the bear market phase. - After we see new all time highs, we start to see a decline. - In 2014, Bitcoin corrected 78% from its all time highs, - 85% from its all time highs in 2018, and 75% in 2022. Phase 3: Accumulation - This is a phase of accumulation. - However, this is not to say that we will only see sideways action. - From 2014 to 2015, we saw a classic price action of accumulation, - and from 2018 to 2019, we saw a textbook accumulation pattern, followed by an echo bubble. - However, it is imiportant to note that this echo bubble (or more specifically, its burst) is what set up the foundation for a massive bull rally that led to new all time highs. - According to this cycle, we are currently seeing Phase 3, where I expect a similar echo bubble to take place. I’ll elaborate more on the current status later. Phase 4: Recovery - This is the phase of recovery. This is where we know that the price has bottomed out already, and that we set off to rally towards new all time highs. - Interestingly enough, all Bitcoin halving events took place in the 4th phase of this cycle classification. Estimates for Cycle 4 - For the current cycle (cycle 4), I believe that the echo bubble thesis is in play. - The Fed cannot taper forever, and there is still enough liquidity to be injected into risky assets. - Despite Bitcoin moving from $16k to $23k in a matter of days, the interest from the general public is nonexistent. - I believe that a move to 30k is highly likely, and that depending on market situations, we may even see a move up to $45k in the end. Comparison of Past Echo Bubble - Let’s compare the current situation to that of the echo bubble in 2018-2019. - In 2018-2019, we saw Bitcoin rally 268% in an echo bubble. A move from $16k to $45k, today’s echo bubble, would account for a 211% move. - As for the degree of correction, in 2018-2019, we saw the price slash in half once again - a 56% downward move. - Taking that into account, and applying the same figure in today’s market situation, that would mean a correction from $45k to $23k. - If we trace fibonaccin lines based on this speculation, this gives us a target price of $105k per Bitcoin by 2025. - As for the bear market that will follow, we can expect a bottom to form around $36k, although it’s likely that prices will almost definitely hover below this level. Statistics - Let’s take a look at some patterns we can spot in terms of statistics: - In the first cycle, Bitcoin dropped 77.99% from its all time highs - In the second cycle, Bitcoin dropped 83.64% from its all time highs - In the third cycle, Bitcoin dropped 76.64% from tis all time highs - Assuming that Bitcoin drops 75-85% during the bear market after peaking at new all time highs, anticipating a 65% drop in 2026-2027 would be a conservative, yet realistic estimate. - As for the returns Bitcoin provided every cycle; - In the first cycle, Bitcoin delivered 43,236% returns from the lows to highs. - In the second cycle, it delivered 9,134%, which is a 78% reduced figure compared to the previous cycle. - In the third cycle, it delievered 2,102%, a 77% reduced figure compared to the previous cycle. - In the fourth cycle, the current cycle, if it reaches $105k all time highs, it would be delivering a 524% return from its lows, which is a 75% reduced figure compared to the third cycle. Conclusion In this post, I take a very rudimentary, speculative, yet simple and direct approach in analyzing Bitcoin’s cycle through this specific framework. This analysis aims to provide a general understanding of when things happen, and to what degree they take place. Based on this framework, I believe that we could see an echo bubble take place in 2023, with Bitcoin reaching $45k, before it corrects down to $23k. Around the end of 2023 to 2024, we would see a phase of recovery in which Bitcoin slowly crawls back up, until it reaches new all time highs of $105k in 2025 before correcting down below $36k in 2027. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
BNC:BLX
by Michael_Wang_Official
7
Ranging around abyss.Nice Sunday. Today, I developed another view with more data, at daily Index time frame . Bitcoins actually ranging between 2 Fib rings, very important for next trend decision. I am mentioning this territories about month and maybe result is very near. RSI and MACD are in conflict, while altcoins start follow BTC upside move. This usually happened at the end of waves, as we are in from of 4th. We can confirm, RSI is historically overbought, and MACD runs also into symetrical triange resistance, made by All time high. Would this trigger start of 5th wave around February, or this is different from 2008 stock market crash ? Very good question that nobody can answer. So I will monitor what will happen in a next weeks. Always with care and ready, Emvo. *This is not any financial advice.
BNC:BLX
by Emvo10
2
#Bitcoin - Only 88.000 USD possible till May 2025 #BTSUSD!!! Thumbs up and also look at the old linked chart from June 2019 and press "Play"!!!! You will like it, too ;-) The price patterns of the Bitcoin of the past years once again presented as an updated overview. Should the patterns repeat in the same ratio, then I would come to "only" 82,000 USD to 88,000 USD per Bitcoin and no longer to over 100,000 USD with a bull market weaker by a factor of 5 times (417% )than the previous upward movement of 2,089% Greetings from Hannover Stefan Bode
BNC:BLXLong
by StefanBode
6
Facts about BTC price in next MonthsBITSTAMP:BTCUSD I've been looking for a harmonic connection between halving dates and bitcoin price to predict next BTC price for long term. i studied some of good analysts charts and saw the price movement in some curved channel. Thanks to Fibonacci sequence i could find some accurate connections and found below facts: A = 1 fib. time period is ~180 days in BTC weekly chart (6months) B= 6th Jun 2011 is the start for counting fib. time zones. C= after each halving we have 2 major levels which one of them is the peak. it happens right at the next fib. time zone after halving * D= first price level will be 87% of the next peak retracement (fib.). * E= first level will be next market bottom price of next peak. this can give us the next peak ! * it exactly happened in last 2 halving with super high accuracy. + Green vertical lines are fib. time zones. + Black vertical lines are halving dates + Blue horizontal line are fib retracement of the main after halving wave. this means we can see bitcoin price in November 2021 at 90000$. Share your ideas.
BNC:BLXLong
by bitcharger
8
The MOST important Chart For $BTCFriends, I hope you are having a wonderful Wednesday. I wanted to combine two aspects of separate charts that I have posted before, but never together. The attached chart is the MOST important chart for determining long term trend and also determining EACH cycle top and EACH cycle bottom. The TA is simple, but incredibly powerful! It combines the Logarithmic Growth Curve with the .786 Fib drawn from EACH Cycle low since $BTC began. What it reveals is amazing! Each cycle top and cycle bottom has been contained within this all-important multiyear chart. Not only that, but EACH Fib drawn from the prior Bear market low, predicts the following Bear market low! EACH low on every cycle bottom has had its MONTHLY candle BODY close OVER the .786 Fib. PERIOD. While I have excluded oscillators, the oscillators also Bottomed at the EXACT SAME spot. BOTTOM LINE: The Bitcoin Low IS IN! While we might see a shallow pull back from our Adam & Eve Breakout, the path over the coming months is HIGHER! What Invalidates this Bullish Narrative? Simple. A break below the .786 Fib on a MONTHLY close, AND a break of the long-standing logarithmic growth curve. It is another reason why any Bull hoping for a drawdown to $10-$13K is wrong footed (technically speaking). For if that were to happen, that area would NOT be THE LOW, It would be a mere Pitstop to sub $5,000. In all fairness, I expect $BTC to eclipse $100K this cycle, BUT after we top, we will Break this repetitive cycle and $BTC, like stocks, will crash. Have a Productive and Profitable Day Friends! Josh
BNC:BLX
by JTheretohelp1
10
BTC - Weekly timeframe looks bullishBTC has just recently breached its 2 year downtrend on the RSI. This is a very bullish indicator for the longer term. If we look back at 2018 we can see the RSI had a similar downwards sloping trendline that when broken led to a 300%+ pump. The second time this happened was during 2020. We had our downwards sloping trendline, broke above it and flipped it into new support before going on a 750%+ rally. Current day, we have just broken our downwards sloping trendline and have already almost pumped 40%. This does not mean we cannot have a retracement in the short term, but from a weekly perspective the bottom looks like it is in!
BNC:BLXLong
by VIAQUANT
BTC possible APEX point short-termBitcoin is doing a great job from the beginning of 2023. It broke several resistance levels allready and it's heading now to a very important one of $24383. At that point there is a Resistance and also a trendline which has to broken. Possibly around 23.5-24.3K we go back to around 21K and even back to 18.8-19K which is healthy. the pattern I draw in is not more then just to show that we have higher highs and higher lows allready several time that gives us more strength to the upside. With a little fantasy we can see a cup forming also which could mean we need just the "handle" to complete. Our premium members received the first buy tip in the beginning of October and the second at the end of December which gives us a perfect Dollar Cost Average on Bitcoin.
BNC:BLXLong
by crypto-start
BITCOIN - The past and its tracesHello friends! I'm Gustavo Corrêa and I'm going to bring some of my modest reading about the future of BTC. Let's separate the chart into two parts: 1- Cycle 2017 - 2019. 2- Cycle 2021-until now. Note that there appear to be 4 events in these 2 cycles, identified in the sequence graph. 1- In the first cycle we see that the price worked under an LTB and above a support line. At first there was a breakout above the LTB, but it failed. Shortly after it fell sharply below the support line. 45%. After that, a new price run began. 2- Now see the similarity with the second cycle to the right of the graph. We have prices doing exactly the same route with the same dynamics. At the moment we are in movement 3, where there was a fall of the same 45%. The question that remains is? Are we going to have a new bull run from here? The truth is that we don't know, but human behavior always repeats itself and it is possible that the same thing will happen. What do you think? Comment down below and leave your boost to support my humble work!
BNC:BLXLong
by GustavoCorrea1
12
Bitcoin From 2010 to 2025: A Bullish Corrective WaveA follow-up to my pervious invalidated long term idea of BItcoin reaching $3,000,000 within the next decade.. (to state it explicitly, this idea has largely been invalidated by further review of Bitcoin's macro price action). This idea will be largely contrary to my previous. Based on a number of subtle signals discovered through Bitcoin's price action review, I feel at liberty to say that there's is no way that BTCUSD is structured in an Impulsive Wave format. Its expeditious growth has not once made a sizeable enough correction to satisfy a Wave 2 requirement - not one time. Generally, we expect Wave 2 to retrace at least to the 50% fib level, the most we've seen for Bitcoin (on the fib scale is 38%). Corrections to the 38% fib level are very commonly seen within Wave B (or Wave X) in certain cases. Whether it be Wave B or Wave X, these fractals only come within corrective wave forms. Zig-Zags (the most common corrective wave type) notoriously travel much faster than Impulsive waves as well. At its current price level, BItcoin has grown 1969928%, in a matter of 13 years. We could easily classify this as a 'much faster' pump than we've seen outside of the OTC Market. Not to drag this write-up out too long as all of my notes and thoughts are shared on the chart but let this be the main point(s): 1) Bitcoin is 1000% not in an Impulsive Wave structure. 2) In the traditional sense of price action, Bitcoin has not built any horizontal base. 3) Bullish corrective waves typically retrace 61.8%-89% on average. Seemingly in a Bullish Double Zig-Zag wave, I believe Bitcoin has enough gas left to reach towards $174,017.93 to $329,945.48. I suspect this target range could be reach between November 2024 and March 2025 however, beyond this phase Bitcoin should/could be due for another (more drastic) Crypto Winter. Based on the rules and guidelines of Elliott Wave Theory, I believe the downside target could very well drop below $10. At worst case, it becomes the next Luna-Bomber! Permabulls, Diamond Hand(ers) and HODLers should mentally condition themselves to protect capital and to remain loyal to the same. *Current upside and downside targets are based on the idea that $15,501 will continue to hold as the regional low. If this low is broken, the idea of a new-ATH is invalidated and bottom targets could come much quicker but, its impossible for the longstanding structure of Bitcoin's chart to be changed. This should be my last post on TradingVIew for Bitcoin. Surf well!
BNC:BLX
by DigitalSurfTrading
1
A Booom ahhh, cognitive count Strong B happens when A is three waved because it feels like completion of a zig zag and an end to correction, herding behavior Normally the herd can't identify the A and they buy a long term position and In case of btc a flat can probably have the same effect, cognitively I will not be surprised to see btc at a new low because structure based wave count has that on the table then B, of course for my level of skill however I think we are in the B of a zig zag and B might end higher than ath, flat for flat?!! To know why the first flat is a wrong one check the related idea Patience is virtue of kings If you know a very good book for golden mean and Elliott wave count then introduce me ...
BNC:BLXLong
by UnknownUnicorn10828932
6
Mega Bullish Price Forecast for BitcoinA lot of people thinking Bitcoin follows some form of a logarithmic growth curve. That is very possible, but if you look at the chart of Apple stock we can see that it did as well for several decades before it actually broke out to the upside. I think it's very possible that some shift in world monetary policy, such as a currency or currencies being backed partially by Bitcoin or central banks adding it to their balance sheets could easily cause this to happen.
BNC:BLXLong
by theeverythingbubble
1