dRends35

BITCOIN - Are You Ready For The 2022 Crypto Bull Run? ๐Ÿš€๐Ÿš€๐Ÿš€

Long
INDEX:BTCUSD   Bitcoin / U.S. Dollar
Well...........

That time has come that happens in every market cycle where the herd thinks it knows what's coming next. Have you noticed?

Many on TV now think that 10K 5K 1K is just obvious. We're in the midst of a financial collapse so Bitcoin is done right? Crypto is a big joke again and will lose another 90% from here right? Buying a Dogcoin, Shibadogcoin or Apecoin has to be about the dumbest thing you could do here right? Best thing to do is run away and accept crypto is over for a very long time - right? RIGHT ??? ๐Ÿ˜Ÿ

Well no actually it would appear the beginning of something potentially BIG is about to happen right here now. Just when all the noisy hodlers have finally (un)packed their bags with tail between their legs. And there are some clever hodlers out there too, but I think in a hurry we have reached the "Anger" part of the wall street market cycle.

And there are publishers out there that also think we're entering into a bull phase but most of which having been saying BTC 100K all the way down since November 2021.

But i've been bearish on BTC the whole time. Never once deviated from my 20K target since March 2021. And now my target has been hit I'm turning bullish

Will it really be the next crypto bull run? - I'm not going to say firmly that it is but I will say that if it isn't then this very clever indicator will have to be wrong in finding the low for the first time ever!

And this is what is so great about TradingView is you get so many cool toys for free and also the coders many such is the user that coded this indicator have done it for free. What a great time it is to be charting ๐Ÿ˜„.

Ok so enough pamp and waffle... ๐Ÿ˜„

So here it is on the chart. Its complex in how it works but its incredibly simple to read. Can you see whats just happened? Yes - its given a market bottom buy signal. And look back to the past - it has found the exact bottom every time! ๐Ÿ˜ฎ

How does it work? Well I'll leave a link but its essentially a combination of Fibonacci and Moving Averages.

A couple of quotes from Phillip Swift who made the this tool "The Golden Ratio Multiplier."

Rather than Bitcoin price action behaving like a traditional stock market share price, we see it act more like a technology being adopted at an exponential rate.

The new tool outlined in this paper brings an alternative degree of precision to understanding Bitcoinโ€™s price action over time. It will demonstrate that Bitcoinโ€™s adoption is not only following a broad growth curve but appears to be following established mathematical structures.

Whether you believe Bitcoin is exempt from suffering corrective price action typical of all other markets or not, there should be a lot of big fish and little fish watching this area. And so whether it is true or not is somewhat irrelevant as there should be a lot of buying pressure coming in soon.

And yes BTC does struggle with stock indexes tumbling but the Nasdaq has now fallen 34% and it does appear some bullish divergence is coming in on the weekly chart, so could be time for a bounce or who knows - even a higher high.


Lastly (as I forgot) - I have also drawn this long term trendline connecting the log lows and BTC has touched it again.

The ducks are lining up and for any newcomers I am already long plenty of alts, i'm not actually buying BTC just using it as barometer for buying more volatile cryptos.

THE DUCKS ARE LINING UP! ๐Ÿฆ†๐Ÿฆ†๐Ÿฆ†

Here is the indicator:
Here is the article: https://positivecrypto.medium.com/the-go...

Not advice.
Comment: If you like this analysis dont forget to LIKE / COMMENT so other TV'ers will see this. ๐Ÿ˜„
Comment: Ok so the alts I have bought an equal amount of each, no specific preference. Mostly bought based on previous performance and clean charts.

ADA APE DOGE HOT MATIC SHIB THETA UNI VET.

APE is a newer coin but these expensive crypto fads seem to take off and it looks good so far.
Comment: Just to re-iterate, even if this is just a small bounce for BTC, some of these alts are going to go bananas, and thats not just APE ๐Ÿ˜„. SHIB UNI APE all starting to look real frothy. If BTC only gets to 30K (I'm confident it will do much better) some of these alts will be way up in their charts having previously been smashed 85-95%.

However this is not advice and you must draw your own conclusions. If/when you decide to buy, have a good think how you will feel if you lost it all.

With that said - see you on the moon! ๐Ÿ˜„๐ŸŒ™
Comment: Ok look right - I promise no more pamp for a while after this as it will get annoying for some of you, but there may be newcomers that haven't seen this call. As Ricky Gervais once said "everyone likes to write their own reviews" but was this not the greatest call on TV in crypto 2021? ๐Ÿ˜„

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.