From top to bottom, using log fib extensions: Cycle 2: 2.272 Fib is the top of 2013 Cycle 3 : 2.272 Fib is the top of 2017 Cycle 4: 1.618 Fib is the top of 2021. Institutions are in since 2017, diminishing returns. Cycle 5: Will 1.618 or 1.272 fib be the top of 2025? I bet on the 1.618 option. Max pain will occur before, certainly. But the destination is known,...
More data leads to more accurate analysis and forecast. According to my last #bitcoin forecast which was published on tradingview (Link down below) on May 26th 2022, I was expecting a down move to 11.000$ before finding bottom. But more data has prevailed since then that leads me to believe that we have found a bottom and we are aiming for another up (25k - 27k)...
Everything is crystal clear on the chart, but where do you think bitcoin will top on number 7? 24k to 27k is really possible....
My thoughts on the current situation. Bitcoin and the relationship between the bullmarket TOP and HALVING. In the two previous cycles, the TOP of the entire growth cycle was exactly 820-850 days before the next HALVING. Taking this into account, theoretically, we should reach TOP in December this year, and then go into a downward trend and consolidations for the...
This, like my previous two posts, is a model playing with multiplied moving averages. I found that more "spot on" cycle tops were seen when multiplying exponential moving averages, rather than simple moving averages. It appears that the relationship between the length of the moving average and pi is not really present here, as the 100, 200, and 400 day EMA...
Unlike my previous Alternative Pi Cycle Top, I coded the multiplier (the # after close) to be multiplied by pi. Once I added a Pi Multiplier to the same moving averages as previous, I realized it then moved so that the 79 day MA (pi*25) x pi corresponded to the 2014 double peak, and following a 2x to the length of the moving average each market cycle gives you a...
My thoughts on the current situation. Bitcoin and the relationship between the bullmarket TOP and HALVING. In the two previous cycles, the TOP of the entire growth cycle was exactly 820-850 days before the next HALVING. Taking this into account, theoretically, we should reach TOP in December this year, and then go into a downward trend and consolidations for...
I show you 133K is the average bitcoin top. But 145K sounds good. So lets 145K do the job.
Hi everyone, Thank you again for considering reading my idea. Just a disclaimer that I'm not an expert on Elliot Wave Theory but here's what I have in mind. Let's see the first 4 waves: Wave I - Initial impulse from March 2020 to May 2020 (161%) Wave II - Sideways movement from May 2020 to September 2020 Wave III - Huge impulse from September 2020 to April 2021...
I think the bull run isn't over, however there is a small probability that the $65K was the top and we are all on the denial phase now. Remember market act as its own and in most cases acts the opposite of the herd, - Most is expecting the bull market not to be over - Most was expecting a blow off top If $65k was not the top here is my outlook for bitcoin moving...
Hello Guys, here is an outlook for RSI Monthly, whenever BTC is near topping it resembles the previous rsi territory which creates a big bearish divergence on the monthly timeframe.
This is a possible scenario. I enjoy seeing patterns play out over time. I think that the top might be in and we can compare our current position to the same spot in 2018. I used the bars pattern tool to copy the exact price action from the first wave down after the 2017 top, then pasted it to our current position. I find it interesting that it even lines up...
As I've missed the top short on my previous ide a with a few bucks, here's another setup for me. I'll place my offers on the red area and the stop is 1hr close. I'll start taking profits on green area but let it flow with 1/3 in case we drop further. This is still a risky one because the HTF is still bullish, so please manage your risk accordingly.
Well I have posted 4 ideas on Tradingview all Predicting this move- and they were all flagged for various reasons. Hmmmmm..... Not Financial Advice. - Namnaste ; )
Looking at BTC market cap we can see that we have reached 200 Billion dollar level and it is exactly the level that we have top out on february 2018. but in price we have some way to go. it is really hard time for shorting bitcoin but i think may be we have topped out in we should see a big big correction or a new bottom below 3100 usd. be cautious.