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BTC - Monthly Chart - RSI Breakout Bitcoin's history shows that a key indicator to monitor is the RSI on the monthly timeframe. Every time the monthly RSI breaks out above the moving average, BTC exits out of the bear market with an explosive rally. The vertical, dashed green lines illustrate the RSI breakouts, which typically occur every 3.5 to 4 years. The most recent example was April 2019, when BTC surprised the world by breaking through the 6K resistance. With all the fear and uncertainty circulating the global markets, BTC will once again prove to the world why it is the best performing asset in history.
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by WJeffrey
Possible Future Peaks using "Fibs" and a little geometry.I was half asleep and bored so I created a "Fib Channel" that is based upon Wick Lows to Close Highs. Lows are Blue (Cold). Highs are Red (Hot). Most of the angles are based on 2013 and 2017. I then broke it up into "Fib Channels" also from Cold to Hot over time. In these I created more details in the first "Fib Channel". The small "Fib Circles" run along the red Lines separating each "Peak" block. The large "Fib Circles" run from the low of each red line to the top of the next. I placed rough curves along the "Peaks" and "Lows" to predict possible resistances/supports. It's rather simple though it seems busy and complex. It's interesting to see how each circle runs through multiple significant events. I've noted how this cycle's rounded-off top has brought the bear market early. We do not know yet if this means the next bull market or "peak" will be early or if we will just have an extended bear market until the next Peak. Time will tell.
BNC:BLXLong
by Shadovvhex
2
Bitcoin longterm chartI thought it was time to make a longterm chart, with all these wrong charts going around, hehe. They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart. I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue to grow exponentially. This would lead to insane prices of many millions in 2025. I am a bitcoin longterm bull, but one has to remain realistic. The cause of these growth cycles are the halvings, which lead to a supply shock with a subsequent rally. Every time. These are all guesstimates of course, but I think this chart is realistic. The very longterm goal of BTC, in 2030+, is at around 1 million USD imho. It won't go much higher afterwards, it can be seen as the final asymptotic price. The next peaks should be at around 100k in 2022, and around 300k in 2026. I hope this chart helps people understand the longterm growth dynamics of BTC :)
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by SebastianofMoon
93
Updated longterm BTC chart: The road to 1 million.I am a BTC bull, but I see far too many overly optimistic price projections on tradingview. They seem to draw an exponential channel, instead of the current one, that is curved. While of course it can be that BTC goes out of the current channel, and bursts through the upper resistance, thus reverting back to its original exponential trend, I like to be more conservative. Because as of now, there is still no reason to believe that BTC will do so, only because it has pumped now already 6 months earlier than 4 years ago. This could just mean that we also reach the peak 6 months earlier. The fundamental price drivers will remain the halvings and mainstream adoption. We can also clearly see that the factors between the subsequent peaks is diminishing every time. From x38 to x16 and now probably to around x6 and so on. It cannot just continue to do the same increases again and again, then we would have prices of 100 million USD by 2025 or some insane stuff like that. That is not very scientific but sensationalist, and we should remain realistic here, even if that means being more conservative. Conservative with 1.3 million in 2030 LOL. Try telling that someone in the stockmarket hehehe! Anyways, there is indeed the chance that BTC leaves this channel and creates a faster rising one, but the future datapoints are not here yet, so we must use the past points for extrapolation. But no matter what happens, I am convinced that BTC mainstream adoption WILL happen. It's not an "if" question, but a "when" question.
BNC:BLXLong
by SebastianofMoon
53
Bitcoin Scheme XXII (Updated)Original idea: Current idea: This parabolic Time curve mimics the Price expansion against Time. It looks the way it is, because of natural expansion of the market and the fact that as we move into the future with overall increasing Market Cap, for making similar % like in the past, market needs RELATIVELY more resources. For example it was easier to make 100% in the beginning just from a movement from 1 to 2 cents. Now even if a million $ gets pumped up into BTC, it will have relatively smaller % than of a decade back circumstance. Breaking below will have irreversible damage to confidence of all involved in this market. Added general Fib Channel for projecting overall timing and levels in case of such collective desperation. So far Bitcoin doesn't look that bad. Replaced .414 with real fibs expect for shallowest FC. Building next idea which will cover all spaces in the chart.
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by fract
CHAT GPT AI PREDICTS 1 MILLION BTC 2030Today, I had an intriguing experience chatting with an unrestricted AI software. As you may know, there are restrictions placed on this software, one of which being no price prediction. However, the internet found a way around these restrictions, resulting in the creation of a chart forecasting the future price of Bitcoin, created solely by artificial intelligence. I will present the predictions in chronological order, highlighting the most crucial pieces of information: 2023 - 2024 - & Here, I attempted to determine when the double bottom crash of Bitcoin would occur. Every cycle, Bitcoin crashes twice before reaching its all-time high. What's intriguing is that, according to the AI, Bitcoin will reach $120,000 by the last week of November 2023, without a retest of the lows. 2025 - & 2030 - This is the roadmap of Bitcoin's future as predicted by artificial intelligence. Upon reviewing the complete picture, I realized that I had seen this pattern before. After some thought, I remembered the first Bitcoin cycle, which took 735 days from the bottom to the top and had a 76% pullback mid-cycle. When we overlay the bar pattern from that period, we get this pattern - It's an intriguing pattern, suggesting that the the first bitcoin cycle will repeat itself! If we take a closer look, we can see that if the top occurs in December 2024, it will take roughly the same amount of time as the first cycle. Additionally, a mid-cycle correction from $120,000 in 2023 to $35,000 in June 2024 would be 72%, which aligns with the 76% mid-cycle correction of the first cycle. Please keep in mind that this prediction is for entertainment purposes only and serves as a historical archive of the AI's prediction.
BNC:BLXLong
by Sporia
18
January Bitcoin Analysis Update. Bull mode or not to bull mode?Here is my updated chart of the January analysis we talk about a lot on the streams. Holding up well so far and with the hash ribbons also supporting the 21k area this does indeed seem good for bulls. Price staying above 20k is very important for the short term momo the bulls have gained. Back below there and its likely range bound. Line in sand is that 16k level. The last thing i would like to see is the bulls pierce the 21 monthly EMA around 27k. Happy trading! Live Streams every Mon, Wed and Friday 9-11am.
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by nonoiz
1
I am sorry if you don't want to understand BitcoinOn the monthly chart, bitcoin is now moving around the price level of the 0.382 Fibonacci retracement drawn from the 2018 bottom to the all-time high in 2021. Twice before, this level was exactly the bottom for bitcoin; quite soon after—usually within 3 months—it prompted bitcoin to resume its bull run. Tom DeMark Sequential shows a 9 each time at the monthly bottom. The September monthly candle close also very nicely notes another 9. My expectation is that around January 2023, we can expect another spectacle in terms of a sharp price rise. Historically, it is another unique buying opportunity; don't miss it. Keep stacking those scarce sats!
BNC:BLXLong
by joerivdpol
My thoughts about BTC bottoming Last several years I've been using many tools to analyze, and try to take advantage of opportunities in terms of long-term market structure on BTC . One of the main tools I really like to use and came with the most reward so to speak, is a specific Fib level. It proved to read with a very good probability the potential bottom of BTC ( especially BTC ) on the higher timeframes. As you can see on the chart, each cycle has a corresponding fib plotted which starts at the H and goes to the L of that particular cycle. The fib levels presented are only 2, with the green one being the "default", and the gray one being a secondary, only touched once, after a crisis-like moment in 2011. I believe this year we will be seeing it again, so the chart plots both levels and my expectation is that the bottom would be somewhere inside the range of $8K to $13K by end of Q3 2023. The projection coincides with a potential additional drop of the stock market this year, and the overall macroeconomic conditions we are living through. We will see how things play out, but I am building confidence on the usefulness of these levels.
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by rafblz
Bitcoin BTC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. Chart timeframe is on the weekly. You can take a look at my previous weekly btc or daily chart. The info is pretty much the same, however on this chart I am zooming out even further for you. The chart on the daily for my previous chart is wrong though, I did not use the full data given to me with that chart. On this BLX chart I have the full data. On the daily I had the bottom marked around 20k and weekly I have it marked around 12k. Regardless of where I have the bottom marked, I will claim both of those charts to be off since I do not have the full data. On this chart I have data going back to 2010 giving me a more accurate wave count. Wave 1-5 on the smaller cycle took us about 11 years. I am expecting wave 3 to go a bit longer, about 12 years. Currently we've finished wave 2 or we're finishing it. Either the bottom is in at -77% or we have one last leg down to 12k, being -81%. Wave 3 price target is 180k (no moonshot). A long position from today's price your R/R ratio: 12.52 Possible upside: 636% Possible downside: -50% A long position from 12k your R/R ratio: 120.33 Possible upside: 1241% Possible downside: -10% I'd like to say none, we might wick a bit lower, but personally I would claim this to be the bottom and not use any stop losses. I will dive a bit deeper into this chart below so I don't make this chart too sloppy.
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by AyoKu
2
AW - Will The Real Bitcoin Pattern Please Stand Up...As I continue to delve deeper into each and every chart that is of importance to my followers... Thanks to the increasing number of followers, I have decided to up my game in order to bring you the best interpretation of Bitcoin in existence. I always think about what the real pattern is and what it means for the future. Every step of the way it becomes clearer and clearer that what we are seeing is the beginning of biggest moves in history from this space. AriasWave wants to be there every step of the way as we head into this new future using the best methodology every created. Some extras not mentioned in the video: -Green Wave 1 is a Weak 5-Wave move which means that it cannot be Wave 5 in this type of structure. -Wave (C) within Wave D of Blue Wave 2 is weaker than Wave (A) therefore cannot be considered some sort of Wave 3. -All things considered; this particular view indicates that Alt-Coins (That survive) will easily make insane gains along with Bitcoin. -This also leads me wonder about what kind of interesting things are yet to come during the rest of this bear market. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
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by AriasWave
Bitcoin and the SQuare RooT (SQRT) Function: Facts, DeductionsAs my title indicates, this plot highlights facts above all: - Bitcoin price follows "Square Root" channels (SQRT function) - All with an alternation of local Dips (each time higher than the previous ones) and new All Time High (ATH) - These cycle Dip always materialize by an RSI 14 under a value of 34, showing an oversold (see my analysis of 2018-12-18 in link below) - These ATH always materialize by an RSI 14 exceeding a value of 84, showing an overbought - There is a clear correspondence with the Halvings dividing the block rewards by two for the miners, which is a programming of the progressive scarcity of generation of BTC. So much for the facts. Now here are my deductions: - I have extended the layout of the SQRT channels to 2023: we are seeing a tightening of the price there, but beware, we are on a logarithmic scale! All the same, there emerges a new ATH > $ 60,000 followed by a potential local Dip which would remain higher than the current price. - An average of the timing differences observed between the different Dip cycles allows me to consider the point of fall for a next Dip within 20 bars. - This analysis is a little more pessimistic than my previous ones, while noting that it would still not be possible to buy 4-digit BTC (under $ 10,000) from 2022. So those who buy BTC currently will necessarily be winners on HODL. DISCLAIMER: This is not investment advice. Invest only what you can afford to lose. Do not listen to any "prophet" or other "evangelist", it is important that you make up your own mind.
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by MaxHodler
21
Long Term BTC - Projection of last 2 cycles to current cycleAnalysis of 2 previous cycles to project the next cycle This is the result of making an average of previous durations and some pricepoints Bearmarket durations: A/ Days under ATH 2014 = 1134 d / 2018 = 1085d ==> 2022 = (1134d + 1085d) / 2 = 1110 days B/ Days under 0.618 Fibonacci 2014 = 1120 d / 2018 = 1043 d ==> 2022 = (1120d + 1043d) / 2 = 1082 days Conclussion = It could take until November 2024 before we see an new ATH Also note that’s there is almost no differance between days under ATH and days under 0.618 Fib So there is a great possibility that we don’t see price above 45k until we’re going for an new ATH Bullmarket durations: A/ Days above previous ATH until new ATH 2014 = 343d / 2018 = 350d ==> 2022 = (336d + 357d) / 2 = 347d B/ Days above Macro bottom before the halving 2014 = 546d / 2018 = 504d ==> 2022 = (546d + 504d) / 2 = 525d Conclussion = if you want pumpy action bull run you are going to need patience until the end of 2024, only after breaking 0.618 and ATH you have about a year to distribute your coins before entering a new bear market Accumulation Range durations: A/ Bearmarket 2014 01/2015 – 10/2015: 294 days of sideways action Price range of 50% ranging between 210 and 315 11/2015 – 04/2015: 203 days of sideways action Price range of 50% ranging between 315 and 480 B/ Bearmarket 2018 11/2018 – 03/2019: 133 days of sideways action Price range of 30% ranging between 3200 and 4200 05/2019 – 02/2020: 280 days of sideways action Price range of 60% ranging between 7000 and 11500 Conclussion = Average days of price ranging between an 50% range = (294d + 203d + 133d + 280d) / 4 = 230 days C/ Bearmarket 2022 This could mean an range until this summer between 16k and 24k for the first range. Then te second range could range between 24k and 36k wich is also 50% FINAL CONCLUSSION: - No ATH and break above 0.618 Fib before the end 2024 - We could have 2 periods of 230 days ranging between an range of 50% Possible Range 1: 16k - 24k / Range 2: 24k - 36k - Market is going to be boring for another year and a half in contrast with the bull pumps that comes when you make an new ath
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by Delzeyne