Does it mean the end of crypto If this scenario plays out and we are in a massive bubble? - No, we just got a bit ahead of ourselves, need to blow off some steam and continue with a healthy growth-rate
I think that we will peak at the end of the year around 100k.
As Kuh Kuh Cathy Woods finds God and re-discovers "Faith" in investing - her flock discovers the very same religious experience. Faith in Central Banks ability to backstop Markets is accelerating. The phenomena is not limited to TECH, it is global and it has expanded to every Capital Stock - Real Estate, Equities, Commodities and Bonds. Crypto and the Metals...
Ride The Bubble...Golden Bull Charge! All Asset is Blowing like A Bomb, Stocks, Commodities, Gold, Crypto...Good Times to be in The Market. The Final Blow Off Top is Coming in A Couple of Years
Very curiously lots of people have been asking where the blow off tops have been for crypto because they are use to seeing blow off tops on crypto on weekly or monthly charts. As the market matures it begins to move a little slower and we can see that by looking at the newer coins, BND and ETH showing a blow off top on the 3 month but BTC showing the blow off...
As BTC corrected as it suppose to, it caused a sudden and quite unexpected flash crash across the market, followed by another accumulation that took us slowly even lower with altcoins. Lots of people got shaken out and over leveraged accounts liquidated. For those who made it out alive ;), expect the green days to come. That is of course if btc goes up, which it...
Get Ready. The end-stage of this crypto bull market is about to begin. I see BTCUSD at 150k to 180k within a few months.
Take your time, the Titanic was like a 3-hour movie. -Clairvoyant Pig (Pig-with-normal-vision) BITFINEX:DOGEUSD BINGBON:DOGEUSDT KRAKEN:ETHUSD BITBAY:BTCUSD CRYPTOCAP:TOTAL
Simple pattern matching from the previous 2017 bullrun, 14 candles matching cycle bottom to cycle bottom. And the remaining 3 candles were the blowoff top.
Every major top ended with the parabolic, a vertical unsustainable spike, delivered on an exhaustion gap. Overlay from Aug > September fits perfectly... expect a gap weds or thurs to terminate in blowoff around 4200. RSI went to 88 on 2 September. Closed at 77 Tues... still room to run higher into overbought zone IMO. Trade at your own risk; GLTA!
I may have found a pattern between all the corrections we've had since 2018. There seems to be a 1.7x factor between them. 12 x 1.7 = 20.4 20.4 x 1.7 = 35 If the pattern holds true then... 35 x 1.7 = 60 If the pattern continues, then that would mean a 60% crash for SPY. If we assume the bottom of the 60% crash follows the lower support level as shown on...
Introduction I have seen quite a few blow off tops while I have been in crypto and of course bitcoin's is the most famous. One of the most annoying things about charting is when you have to redraw your lines over and over based off the price action. Typically triangles get bigger and bigger or wedges get bigger and bigger and and blow off tops are typified by...
The previous high became a support. If we compare the current chart with previous bull runs, we can get very excited. One thing I have seriously no clue about is how big this move could be. However, I firmly believe that afterwards we would see a nasty correction again.
Right now BTC is in a place where it could either end up as a "blow-off top" or form a cup and handle and continue to a new ATH.
I think we are still in a range moving higher. Eventually culminating in a parabolic blow off top equalling the move up from the election.
...Imagine if... - SP500 peaks right below 4500 - Head And Shoulders price target at 1.0 Fib Extension from march 2020 lows - New money will be told the old saying "Sell in may and go away", and will not fear that a bearmarket is slowly starting - New money will buy in all summer, providing liquidity for larger players to exit - New Lower High will be made Late...
I have analyzed the entire history of bitcoin price and I can say with certainty we are experiencing a 2x faster cycle than the one we had in 2017. This will end with a blowoff top in May followed by a 2-3 month bear market. I've analyzed 100 years of NASDAQ and DJIA charts, and compared them to every tiny mini cycle bitcoin has had, as well as the long term...
I have studied the hell out of this, and I can say for certain we are about to experience a wild bull run and then a blowoff top. This is the final stage of a 12.5 year cycle. This exact cycle took place from 1974 - 2000. The Nasdaq from 1974-2021 looks identical to Bitcoin from 2015-2021. In 2015 the charts obviously did not look the same at all. Bitcoin has...