BLX trade ideas
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....
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
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.
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
BTC Long Term TrendlinesExtension on darobstas parabolic trendlines which held true from 2018 to 2022.
MACRO Bitcoin fractal evolution - #Bitcoin, I am always here!#Bitcoin
#BBrothersFX
#CryptoEsco
Ready for a new cycle?
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
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!
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?
Bitcoin time analysis cycle based on machine learningBitcoin cycle Analysis this Should Happen in the Coming Years i will update it every week until the cycle in black color end good luck .
BTC : Stay Cautious I hope at least this week, candle close above 42000 to stay positive.
But seeing the candles + overall mood looks like it's difficult .
So I'd like to say "stay "CAUTIOUS" , coz anything can happen...
Nothing rise + bullish forever
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Even fear meter = 10 it doesn't mean that you are already at bottom -
(Google for overlay chart fear and greed compared to the Bitcoin price)
But it means "Yes this is a good time to "start" to buy.... and may be keep "DCA"
since we never know where is "bottom".
.
This chart is bit closer look of previous version.
I bet someone 5 THB for this to happen.. so don't take it seriously
Things may not turn into the worst scenario.
Whether it's up or down, With a good investing plan,
risk & money management . will always make you survive !
.
Feel free to feedback/comment
Thx
.
Mil
Bitcoin and what to look for.A break and close above the top line has a good chance to lead to parabolic rally to 150k. A break and close of the bottom line (Specifically bellow 29k) could lead to a a 19k to 14k correction.
As of right now Bitcoin the macd turning up and we are waiting for a cross up on it to make it official.
The Stochastic has a buy signal with momentum up.
On the RSI we have a very interesting hidden bullish divergence that has formed. This signal carries to the two week and the monthly as well.
You now where to buy and where to sell. This is not financial advice.
Bitcoioncumulation zone
high volume and support
its good time to BUY for long term
if the price will go above MA100 keep position until fall down again below (in few months time)
Bitcoin - a story of diminishing returns and reduced volatilityConverging Log Growth Curves and decreasing amplitude of Bollinger Band Widths over the cyclical lifetime of Bitcoin indicate a story of diminishing returns and reduced volatility as a nascent currency matures
Bitcoin Scheme XXII Interference pattern
Added fib channel from top of 5th wave tuned to the fractal which completes perception of 2 different points.
Bitcoin PnF ChartI think this chart goes some way to explain the bearish sentiment in some quarters, but if we are on a "Bull Run" it is also not hard to expect $48/48.5K as a realistic target in the near term!
*PnF = Point and Figure
school.stockcharts.com
