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BLX trade ideas

BTC - my main ChartHello, here´s an overview of my 2 main scenarios im basing most of my trades on. Crypto either has another bullrun (the last one for sure before bubble popping) after testing the 10-14k support area or the bubble is popping already and the 2020/2021 bullrun was indeed the last one. Targets for my Bull sceanrio is ~100k USD in 2024/25 after the next halving. Targets for bubble burst would be ~1300 USD. Fundamentaly im bearish on Crypto as it only has few niche usecases at best. BTC isnt scaleable and wont go anywhere because of this, its not the future of money. What is left, is a Pump and Dump without a working product which has real world usecases. Crypto is 99.9% scams and cant be taken serious at all, its burning tons of electricity for Ponzis/Pump and Dumps. I personally am very skeptic if we see another bullrun but this market is anything but rational, so i guess it would be a possibility. I give it a 20-30% chance for another bullrun. My main scenario is that we are on the way to under 2k per BTC . A break of the green Curve would confirm to me that the bubble is bursting, if it holds we will see another bullrun. Know this risk if you plan to buy at 10k and "bet" on another run, Btc could basically always drop another 90%. Its just a matter of time this house of cards will collapse epically and the past drops is the recent months will be a joke to what may still be ahead. (Tether being not fully backed for example) Be careful out there and DYOR.
BNC:BLXShort
by UnknownUnicorn2476174
2
Can the Pi cycle top predict the bottom?Can the Pi cycle top predict the bottom as well? Yes it can, it has on three different occasions. Coupled with the investors tool not only has it predicted 3 bottoms within 10 days but also the percentage within 7%. In order to see view this you must be on the one day chart and use the investors tool with the Pi cycle top indicator. When the Orange line has crossed down below the the bottom of the investors tool trading range in the past it was precisely at the bottom within 10 days and has done this on three occasions that all marked the bottom. 2015 was the first time and it fell 53% (you can scroll back to see) 2018 was the second @ 45% fall and the third time was June of this year that fell 49%. both times afterwards price action met this line (Pi Cycle orange) as resistance including this year. On both other occasions the end of the bear market was marked as soon as price action broke above and then held this line as support. SO far it's all playing out perfectly, so for me only have we market the bottom we could be ready to flip this line in the next few weeks. We should never use just one indicator to come up with a conclusion so it's our job to find more of them. Let's see what you have. Cheers and thanks for looking If you have any questions or comments please don't hesitate to comment below.
BNC:BLXLong
by WeAreSat0shi
3
Does history repeat?The question here is, if history repeats and how accurate it may be. Well so far it has on two other occasions irrefutably along with the RSI. As we can see here on the 5 day chart the 21 day yellow line crossed the 200 day purple line right on schedule. In previous history the 21 day cross came after the price bottom and had direct correlation with the RSI. The RSI then formed bull divergence and kicked off the next bull run. Looking at this bear market there is almost an exact pattern playing out with all of the indictors including divergence. I also have linked another chart with similar evidence in as well. Let me know what you think in the chat below. How strong do you think historical data is? Do you think it likely plays out ? Is this time different? *Always drink and invest responsible*
BNC:BLXLong
by WeAreSat0shi
2
Measured moves predicts Bitcoin bottomThis is a BLX chart. Since 2014 every measure moved has predicted bitcoin bottom, with the weekly 200 ema, currently at 22431ish being the general bottom. Green squares are the measure wave impulses. Red squares are the duplicates of the green. Bitcoin wicked down past the 200 ema 3 times. Two times at -14%, and the covid wick at -29%. Prices are marked in the chart. Considering traditional markets, cpi inflation, fed rates, and how close bitcoin is to the 200, I couldn't imagine bitcoin going on a bullish run without tapping the 200....
BNC:BLXShort
by Crypto-Crapshoots
3
my fibringsThis is a Ringchart im now drawing since ~3 years, That falling fat red ring especially which BTC did hit and dumped hard after, was drawn around 2021 September Really magically for me, how good it hits since its beginning of placement. normaly i try to find rings shifted a little bit into the future, so that newest rings (centers on the most right point in the chart) are around 30. sep. old when that falling formation was built There are some targets marked, which levels will likely show at least a response for a entry to secure the trades. Usually i do spot decissions on that bigger scale rings have fun exploring my roadmap :D
BNC:BLX
by djmad
Was XRP Army referring to BTC? If so a great depression comingWhat if Bitcoin drops to as low as a dramatic 489? Contemplating all scenarios with an open mind. What could trigger it? A fed pivot? DXY hitting 135%, apple and tesla collapsing? A black swan event like a nuclear attack? It's hard to tell, the funny thing is Bitcoin has never actually been in a true bear market, interest rates have been historically low which kind of sucks. My math could betray me on this one, again, can't rule any scenario out, just look at Meta and Netflix, Apple seems like its next. Then again, Dave the wave may be the most accurate out there, according to his impressive model, bottom is already in.
BNC:BLX
by axelrodd
13
Bitcoins Peculiar Elliot Waves! #2This chart is a second look at " Bitcoins Peculiar Elliot waves" In this analysis we are assuming that wave 3 has not finished yet, but should do so by summer next year. June @ 95 bars would mark a 2.5 lengthened cycle from the first first wave. The next look is into an a possible extended bear market with the bar length all clearly marked, at this point for me it's just an educated guess. I want to note that price is not the emphasis of this outlook, it is cycle and time line based...So please don't get caught up on price points. I have listed the original "bitcoins Peculiar Elliot Waves" in this chart as well. take a look and let me know what you think down below. The answer to this one is sooner than later so we'll know how valid this cycle analysis is by midpoint next year. Also please do not take any of this as investment advice, it's just an observation and should be taken as educational. Thank you for looking and stay blessed! WeAreSat0shi
BNC:BLX
by WeAreSat0shi
2
Bitcoins Peculiar Elliot Waves! If this accurate, Bitcoin might have one of the peculiar Elliot waves cycles. The cycles so far as we can see have been clearly lengthening, but will it continue? What I am proposing here goes against that narrative but is within cycle parameters and structure as shown with the labeled length in bars . We are on the monthly chart here so every bar is one month. This is not a prediction of any sort but a wave analysis and what would be fairly surprising for a lot of people yet not derailing and still falling within past cycles. Looking at this, I really think this would catch a lot of people of guard at cycles end while correcting and preparing for the next wave most likely entering 2030. The correction would be devastating and destroy all belief in the asset. It would most likely obliterate most altcoins, only the truly good projects would survive. Let me know what you think down below. This is no means investment advice and should not be taken as such. Remember, we the people are Satoshi!! Thank you WeAreSat0shi
BNC:BLX
by WeAreSat0shi
3
Will Bitcoin ever break above it's old trend line? #2 Hey fellow traders and Bitcoin enthusiast, A month a go I made chart labeled "will bitcoin ever break above it's old trend line?' It was met with overwhelming response from the community as it was my most popularity chart. The charts focus was a look into the indicator "BTC Log Rainbow" coded by BullRider802. I wanted to look even deeper into this chart and indicator and see if there is any confluence to it with any other indicator.... Well I have found one. "HTF Log Curves Oscillator" coded by quantadelic is the one on the bottom and it's showing the same exact thing. So we have to different Indicators coded by two different coders literally telling us the same thing! As we can clearly see the HTF was in a clear trading channel bitcoins entire existence and then show's a breach in 2020 as the other did, price action then shows a quick recovery to the eventual lack of hitting the top of the channel and the ultimate break though the bottom. What does this mean? To me, first off, It means the math and coding used is sound. Both indicators separate from each other are reacting in the same way, and we might need to pay attention. Why do we need to pay attention? The age old saying in investing is why, what was previous support is future resistance. These could very well show us the next bitcoin top and or bottom. The one thing that is for sure is they are both either showing a slow down in bitcoins parabola or a consolidation period. That still remains to be seen. Follow along with me and let's find out together. I would like to thank everyone who has recently followed me, liked the chart and the Tradingview team for recognizing my work and helping this view get out. Once again the support and response has truly been overwhelming. Thank you. Please feel free to comment your thoughts or questions down below. Remember, WeAreSat0shi Stay blessed!
BNC:BLX
by WeAreSat0shi
The case for a BOTTOM ... and a 200K BTC MaximumThis is the BLX, the index showing all of BTC's price action since its inception. Outside of a singular event in 2010 BTC has never moved outside of the 'territory' between the upper and lower dotted curves. And, in all its phases of BULL and BEAR markets, Bitcoin has always retraced to the .382 FIB level of its previous move from BOTTOM to TOP. In the beginning not reaching the .382 but along the way bottoming nearer to the .382 And now, in 2022 we retraced to just below the .382 If Bitcoin will continue to move between the upper and lower curves, we can conclude that this IS the bottom. But also, that Bitcoin will NEVER go beyond around 200K, this being the upper limit of the upper dotted curve, if we extend it into the future... Hmmmm, what are your thoughts?
BNC:BLX
by MFFD
4